Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 1.6 to 0.9.
Financials
Financial year 2025
FRASK from Oostende, company number BE0862505093, closed financial year 2025 with a result of € 140,444 after tax. For that financial year FRASK recorded a gross margin of € 799,267 and equity of € 4.3 million. Compared with financial year 2024, the result moved from € -81,690 to € 140,444. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 4.3 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140,444
▲ still € 81,690 loss in 2024
Profit after tax over the fiscal year.
€ 885
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.2 million.
People and assets in 2025
0.9
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 80,173
▼ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,859
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.4 million
▼ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 14,545
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,142
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,772,160 | € 1,101,958 | € 585,735 | € 799,267 | ▲ 36% |
| Profit after taxes | € 690,353 | € 469,031 | € -81,690 | € 140,444 | ▲ € 222,134 |
| Equity | € 3,813,764 | € 4,282,795 | € 4,201,105 | € 4,341,549 | ▲ 3% |
| Total debts | € 13,131,036 | € 9,343,772 | € 9,671,614 | € 8,810,487 | ▼ 9% |
| Cash | € 114,338 | € 149,423 | € 100,340 | € 885 | ▼ 99% |
| Land & buildings | € 7,908,173 | € 6,275,006 | € 5,748,617 | € 5,331,560 | ▼ 7% |
| Retained profit | € 3,638,764 | € 4,107,795 | € 4,026,105 | € 4,166,549 | ▲ 3% |
| Bank debt | € 9,296,080 | € 8,499,930 | € 8,811,542 | € 8,396,788 | ▼ 5% |
| Balance sheet total | € 17,402,280 | € 14,006,507 | € 14,200,486 | € 13,446,926 | ▼ 5% |
| Employees (FTE) | 2.3 | 1.6 | 1.3 | 0.9 | ▼ 0.4 |
Key figures of FRASK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FRASK?
What happened at FRASK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 140,444. Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 690,353 profit in 2022 to € 140,444 profit in 2025.
Paid € 893,892 in corporate taxes since 2022.
Best year ever: 2022, with € 690,353 profit.
On average € 450,600 of value added per employee in 2024.
Establishments
Establishment units
Physical locations of this company
Northlaan 9 box 7.01
8400 Oostende
Northlaan 9 box 701
8400 Oostende
Active since 15 January 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →FRASK VASTGOEDONTWIKKELING same network
€ 104,805 gross margin · 2025
JO AREND PROJECTS
HARMONY same network
€ 23,573 gross margin · 2025
FRASK DEVELOPMENT
FRASK PATRIMONIUM
+1 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
- 0862.505.093
- VAT number
- BE 0862.505.093
- Registered office
- Northlaan 9 bus 7.01, 8400 Oostende
- Names & denominations
- FRASK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 2004
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Activiteiten van syndici van onroerend goed
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen
Handel in eigen onroerend goed
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis