Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
OLIFRA from Malle, company number BE0678599528, closed financial year 2025 with a result of € -90,050 after tax. For that financial year OLIFRA recorded a gross margin of € 83,263 and equity of € 148,076. Compared with financial year 2023, the result moved from € 89,755 to € -90,050. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 148,076
▼ 46% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -90,050
▼ still € 89,755 profit in 2023
Profit after tax over the fiscal year.
€ 27,014
▲ € 21,860 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 129,476.
Debts at end 2025
€ 1.8 million
▲ 109% vs 2023
€ 66,629 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 10,286
▼ 81% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 30,731
▼ 32% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 71,114 | € 111,320 | € 170,577 | € 83,263 | ▼ 51% |
| Profit after taxes | € 39,137 | € 60,731 | € 89,755 | € -90,050 | ▼ € 179,805 |
| Equity | € 122,936 | € 183,666 | € 273,421 | € 148,076 | ▼ 46% |
| Total debts | € 608,341 | € 629,614 | € 1,038,211 | € 1,975,324 | ▲ 90% |
| Cash | € 58,031 | € 13,822 | € 5,154 | € 27,014 | ▲ € 21,860 |
| Land & buildings | - | - | - | € 1,757,897 | |
| Retained profit | € 104,336 | € 165,066 | € 254,821 | € 129,476 | ▼ 49% |
| Dividend | € 0 | € 0 | € 0 | € 35,294 | |
| Bank debt | € 533,162 | € 531,368 | € 877,963 | € 1,835,630 | ▲ 109% |
| Balance sheet total | € 731,277 | € 813,280 | € 1,311,632 | € 2,123,400 | ▲ 62% |
Key figures of OLIFRA, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to OLIFRA?
What happened at OLIFRA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 90,050 (▼ € 179,805 vs 2023). Source: NBB ↗
- Kenneth Fransen became a director. NBB
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
- Magali Baekelmans became a director. NBB
In short
From € 39,137 profit in 2021 to € 90,050 loss in 2025.
Paid € 57,443 in corporate taxes since 2021.
Best year ever: 2023, with € 89,755 profit.
Paid out € 35,294 in dividends to the owners in total.
Management
Behind OLIFRA are Kenneth Fransen and Magali Baekelmans. Kenneth Fransen is also behind Fransen boringen and MK Bronbemaling.
Directors
According to the 2025 annual accounts
since 2025
Magali Baekelmans
Bestuurder
since 2017
Establishments
Establishment units
Physical locations of this company
Ambachtsstraat 12
2390 Malle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0678.599.528
- VAT number
- BE 0678.599.528
- Registered office
- Ambachtsstraat 12, 2390 Malle
- Names & denominations
- OLIFRA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2017
- Peppol
- Active · Active since 23 Dec 2025
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