Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 30.7 to 20.4.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Le Franc'off from Spa, company number BE0502628957, closed financial year 2024 with a result of € 34,353 after tax. For that financial year Le Franc'off recorded a gross margin of € 735,177 and equity of € -270,200. Compared with financial year 2023, the result moved from € -83,410 to € 34,353. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2025.
€ -270,200
▲ € 34,353 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,353
▲ still € 83,410 loss in 2023
Profit after tax over the fiscal year.
€ 32,090
▼ 9% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -288,800.
People and assets in 2024
20.4
▼ 5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 542,500
▼ 37% vs 2023
€ 26,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,888
▼ 57% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 97,649
▼ 22% vs 2023
€ 10,960 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 467,640
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 80,283
▼ 21% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 463,910 | € 793,597 | € 913,410 | € 735,177 | ▼ 20% |
| Profit after taxes | € -48,139 | € -199,036 | € -83,410 | € 34,353 | ▲ € 117,763 |
| Equity | € -22,107 | € -221,143 | € -304,553 | € -270,200 | ▲ € 34,353 |
| Total debts | € 607,275 | € 835,796 | € 943,843 | € 808,529 | ▼ 14% |
| Cash | € 86,468 | € 75,137 | € 35,436 | € 32,090 | ▼ 9% |
| Retained profit | € -40,707 | € -239,743 | € -323,153 | € -288,800 | ▲ € 34,353 |
| Bank debt | € 230,072 | € 173,782 | € 125,284 | € 97,649 | ▼ 22% |
| Balance sheet total | € 585,168 | € 614,653 | € 639,290 | € 538,329 | ▼ 16% |
| Employees (FTE) | 21.8 | 30.7 | 25.4 | 20.4 | ▼ 5 |
Key figures of Le Franc'off, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Le Franc'off?
What happened at Le Franc'off in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 34,353. filed late Source: NBB ↗
- Catherine CECIUS became a director. NBB
- Alain KRICKEL became a director. NBB
- New establishment in Spa. KBO
- Start of the company according to the CBE. KBO
In short
From € 48,139 loss in 2021 to € 34,353 profit in 2024.
Paid € 305 in corporate taxes since 2021.
Best year ever: 2024, with € 34,353 profit.
On average € 36,000 of value added per employee in 2024.
Management
Behind Le Franc'off are Catherine CECIUS and Alain KRICKEL. Alain KRICKEL is also behind LA BELLE EPOQUE SPA, D.H.A.K., LE PALMARES, LILY ROSE and A.I. CONSTRUCT.
Directors
According to the 2024 annual accounts
Catherine CECIUS
Director
since 2019
Alain KRICKEL
Director
Also active at: LA BELLE EPOQUE SPA, D.H.A.K., LE PALMARES, LILY ROSE, A.I. CONSTRUCT, GYYMTONIC
since 2019
Establishments
Establishment units
Physical locations of this company
Rue Rogier 14
4900 Spa
Place du Monument 14
4900 Spa
Active since 21 January 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →VAL DE THEUX
€ 580,371 gross margin · 2025
LA BELLE EPOQUE SPA same network
€ -6,732 gross margin · 2025
VERTIGE ENTRE CIEL ET TERRE
€ 74,179 gross margin · 2025
BRASSERIE LA BOBELINE
€ 536,431 gross margin · 2025
AQUA CONSTRUCT +
€ 820,017 gross margin · 2025
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.628.957
- VAT number
- BE 0502.628.957
- Registered office
- Rue Rogier 14, 4900 Spa
- Names & denominations
- Le Franc'off
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 2013
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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