OPENING OF BANKRUPTCY

FRAMACO

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Financial year 2023 · closed on 31/01/2023

Net result

118,1 k €

+117.9% YoY

Gross margin

582,5 k €

+1264.9% YoY

Equity

-431,3 k €

-1060.2% YoY

Company — Opening of bankruptcy.

What does FRAMACO do?

FRAMACO is a Public limited company incorporated in 1981. Its main activity is: Retail sale of footwear and leather goods in specialised stores. Its registered office is in Bruxelles.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0421.974.249

Incorporation

26/10/1981

Legal form

Public limited company

Registered office

Rue Neuve 46
1000 Bruxelles · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/01/2023

Activities (NACE)

47722Retail sale of footwear and leather goods in specialised stores· main 47722Retail sale of footwear and leather goods in specialised stores 52432Warehousing and support activities for transportation

Joint committees (2)

12802
201

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	582,5 k €	+1265%	-50 k €	-111%	465,8 k €	-30.6%	671,6 k €	-8.2%	731,4 k €	-26.7%	997,5 k €	-2.2%	1 M €	+6.1%	961,1 k €	+8.9%	882,9 k €	-17.1%	1,1 M €	+8.4%	982,3 k €	+39.4%	704,4 k €	+3.6%	679,9 k €	+3.8%	655,3 k €	-38.7%	1,1 M €	-5.6%	1,1 M €
EBITDA	202,9 k €	+148%	-419 k €	-409%	-82,3 k €	-133%	247,1 k €	+15.0%	214,9 k €	-36.5%	338,6 k €	-29.6%	480,8 k €	+25.4%	383,3 k €	+31.6%	291,3 k €	-26.6%	396,8 k €	+7.1%	370,6 k €	+215%	117,8 k €	-34.3%	179,4 k €	-1.1%	181,4 k €	-71.3%	633,1 k €	+5.9%	597,7 k €
Operating result	201,6 k €	+135%	-579,3 k €	-946%	68,4 k €	+83.5%	37,3 k €	-64.7%	105,7 k €	-28.0%	146,8 k €	+12.2%	130,8 k €	-52.3%	274,3 k €	+86.9%	146,8 k €	-19.0%	181,3 k €	+68.6%	107,6 k €	+44.3%	74,5 k €	+31.4%	56,7 k €	-65.8%	166 k €	+142%	68,6 k €	-21.4%	87,3 k €
Net result	118,1 k €	+118%	-660,5 k €	-1525%	46,4 k €	+284%	-25,2 k €	-1156%	2,4 k €	-95.9%	58 k €	+15.4%	50,3 k €	-33.6%	75,7 k €	-0.4%	76 k €	+38.8%	54,8 k €	-7.7%	59,3 k €	+215%	18,9 k €	+5.8%	17,8 k €	+14.6%	15,5 k €	-38.8%	25,4 k €	+55.4%	16,4 k €
Balance sheet
Equity	-431,3 k €	-1060%	-37,2 k €	-106%	623,4 k €	+8.0%	577 k €	-4.2%	602,2 k €	+0.4%	599,8 k €	+10.7%	541,8 k €	+10.2%	491,5 k €	+18.2%	415,8 k €	+22.4%	339,8 k €	+19.2%	285,1 k €	-17.6%	345,7 k €	+5.8%	326,9 k €	+5.8%	309,1 k €	+5.3%	293,5 k €	+9.5%	268,1 k €
Total assets	2,1 M €	-31.6%	3 M €	-6.4%	3,2 M €	-4.2%	3,4 M €	-25.2%	4,5 M €	+12.6%	4 M €	+21.3%	3,3 M €	-7.8%	3,6 M €	+16.0%	3,1 M €	-12.7%	3,5 M €	+27.0%	2,8 M €	-6.3%	3 M €	+6.9%	2,8 M €	+16.3%	2,4 M €	-46.6%	4,5 M €	+96.0%	2,3 M €
Cash	112,3 k €	-62.6%	300 k €	-17.8%	365,1 k €	+20.0%	304,3 k €	-53.2%	650 k €	+87.9%	345,9 k €	-33.8%	522,8 k €	-18.9%	644,3 k €	-23.6%	843,3 k €	-22.7%	1,1 M €	+20.1%	908 k €	+7.1%	847,7 k €	+62.2%	522,6 k €	+118%	239,6 k €	-8.6%	262,2 k €	-15.2%	309,3 k €
Debts	2,5 M €	-14.8%	2,9 M €	+19.0%	2,5 M €	-5.8%	2,6 M €	-29.2%	3,7 M €	+11.5%	3,3 M €	+23.2%	2,7 M €	-13.1%	3,1 M €	+15.7%	2,7 M €	-16.4%	3,2 M €	+28.2%	2,5 M €	-5.0%	2,6 M €	+7.0%	2,4 M €	+17.9%	2,1 M €	-50.3%	4,2 M €	+108%	2 M €
Other
Workforce	–		11,7 ETP	-7.9%	12,7 ETP	+25.7%	10,1 ETP	-2.9%	10,4 ETP	-13.3%	12,0 ETP	+9.1%	11,0 ETP	-12.0%	12,5 ETP	-2.3%	12,8 ETP	-13.5%	14,8 ETP	-5.1%	15,6 ETP	-2.5%	16,0 ETP	+11.9%	14,3 ETP	-7.1%	15,4 ETP	0.0%	15,4 ETP	-3.7%	16,0 ETP

Governance

Board of directors

Seen on filing of 31/01/2023 · 1 active · 8 ended

Active mandates

Steve Martens

Managing director · since 11 avril 2022 · until 10 avril 2028

Active

Ended mandates

Frank Martens

Director · since 21 décembre 2016 · until 10 avril 2022

Ended

Steve Martens

Managing director · since 21 décembre 2016 · until 10 avril 2022

Ended

Frank Martens

Managing director · since 30 juin 2015 · until 21 décembre 2016

Ended

Frank Martens

Managing director · since 30 juin 2015 · until 15 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
ISERVICES BELGIQUE● Active	0801.981.053

Annual accounts

Full financial information

	2023	2021	2020	2019	2018	2017
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/02/2022	01/02/2020	01/02/2019	01/02/2018	01/02/2017	01/02/2016
Closing of the financial year	31/01/2023	31/01/2021	31/01/2020	31/01/2019	31/01/2018	31/01/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/08/2023	04/08/2021	28/07/2020	03/06/2019	19/07/2018	26/09/2017
General meeting	10/04/2023	12/04/2021	13/04/2020	08/04/2019	09/04/2018	10/04/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/01/2023	10/04/2023	07/08/2023	French	PDF
Abridged model	31/01/2021	12/04/2021	04/08/2021	French	PDF
Abridged model	31/01/2020	13/04/2020	28/07/2020	French	PDF
Abridged model	31/01/2019	08/04/2019	03/06/2019	French	PDF
Abridged model	31/01/2018	09/04/2018	19/07/2018	French	PDF
Abridged model	31/01/2017	10/04/2017	26/09/2017	French	PDF
Abridged model	31/01/2016	30/06/2016	26/08/2016	French	PDF
Abridged model	31/01/2015	30/06/2015	07/08/2015	French	PDF
Abridged model	31/01/2014	30/06/2014	06/08/2014	French	PDF
Abridged model	31/01/2013	30/06/2013	12/08/2013	French	PDF
Abridged model	31/01/2012	30/06/2012	06/08/2012	French	PDF
Abridged model	31/01/2011	29/06/2011	29/08/2011	French	PDF
Abridged model	31/01/2010	29/03/2010	09/08/2010	French	PDF
Abridged model	31/01/2009	30/03/2009	24/04/2009	French	PDF
Abridged model	31/01/2008	28/07/2008	12/09/2008	French	PDF
Abridged model	31/01/2007	06/06/2007	26/09/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/01/2023 · 1 active · 8 ended

Active mandates

Steve Martens

Managing director · since 11 avril 2022 · until 10 avril 2028

Active

Ended mandates

Frank Martens

Director · since 21 décembre 2016 · until 10 avril 2022

Ended

Steve Martens

Managing director · since 21 décembre 2016 · until 10 avril 2022

Ended

Frank Martens

Managing director · since 30 juin 2015 · until 21 décembre 2016

Ended

Frank Martens

Managing director · since 30 juin 2015 · until 15 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/11/2023
DEMISSIONS, NOMINATIONS
PDF
Other09/07/2021
ASSEMBLEE GENERALE
PDF
Mandates24/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates12/05/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/02/2012
CAPITAL, ACTIONS
PDF
Mandates27/01/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2006
CAPITAL, ACTIONS - ANNEE COMPTABLE - DEMISSIONS, NOMINATIONS
PDF
Mandates08/04/2004
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 2023118,1 k €↑
2021
Annual accounts 2021-660,5 k €↓
2020
Annual accounts 202046,4 k €↑
2019
Annual accounts 2019-25,2 k €↓
2018
Annual accounts 20182,4 k €↓
2017
Annual accounts 201758 k €↑
2016
Annual accounts 201650,3 k €↓
2015
Annual accounts 201575,7 k €↓
2014
Annual accounts 201476 k €↑
2013
Annual accounts 201354,8 k €↓
2012
Annual accounts 201259,3 k €↑
2011
Annual accounts 201118,9 k €↑
2010
Annual accounts 201017,8 k €↑
2009
Annual accounts 200915,5 k €↓
2008
Annual accounts 200825,4 k €↑
2007
Annual accounts 200716,4 k €
26/10/1981
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FRAMACO

Overview

What does FRAMACO do?

Trend over 16 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline