ACTIVE

FRAME

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Financial year 2025 · closed on 31/12/2025

Net result

208,1 k €

-36.2% YoY

Gross margin

313,7 k €

-35.9% YoY

Equity

638,7 k €

+34.5% YoY

What does FRAME do?

FRAME is a Private limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Chaumont-Gistoux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.202.635

Incorporation

03/06/1993

Legal form

Private limited company

Registered office

Rue Joseph Piette, Longueville 17
1325 Chaumont-Gistoux · WallonieSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	313,7 k €	-35.9%	489,3 k €	+219%	153,2 k €	+0.6%	152,3 k €	+13.9%	133,7 k €	+7.7%	124,2 k €	+15.8%	107,3 k €	-49.2%	211,2 k €	+126%	93,4 k €	-8.2%	101,7 k €	-20.2%	127,5 k €	+10.3%	115,6 k €	+76.3%	65,6 k €	+29.6%	50,6 k €	+10.7%	45,7 k €	+45.7%	31,4 k €	+14.9%	27,3 k €	-25.0%	36,4 k €	+47.2%	24,7 k €
EBITDA	308,9 k €	-36.7%	487,7 k €	+222%	151,6 k €	+0.4%	151 k €	+14.4%	131,9 k €	+7.8%	122,4 k €	+16.2%	105,4 k €	-49.4%	208,1 k €	+126%	92,1 k €	-3.2%	95,1 k €	-22.5%	122,8 k €	+10.1%	111,5 k €	+76.4%	63,2 k €	+31.0%	48,2 k €	+11.1%	43,4 k €	+85.3%	23,4 k €	-7.1%	25,2 k €	-25.8%	34 k €	+53.0%	22,2 k €
Operating result	299,5 k €	-36.5%	471,9 k €	+266%	129 k €	+0.2%	128,8 k €	+8.4%	118,8 k €	+8.5%	109,4 k €	+14.0%	96 k €	-51.9%	199,8 k €	+135%	84,8 k €	-2.7%	87,2 k €	-22.7%	112,8 k €	+7.5%	105 k €	+124%	46,8 k €	+49.7%	31,2 k €	+11.4%	28,1 k €	+229%	8,5 k €	-27.2%	11,7 k €	-29.1%	16,5 k €	+175%	6 k €
Net result	208,1 k €	-36.2%	326,2 k €	+257%	91,5 k €	+2.7%	89 k €	+3.9%	85,7 k €	+9.9%	78 k €	+28.4%	60,7 k €	-56.4%	139,3 k €	+161%	53,5 k €	+13.2%	47,2 k €	-29.1%	66,6 k €	+0.2%	66,5 k €	+136%	28,2 k €	+73.0%	16,3 k €	+23.1%	13,2 k €	+1618%	770,6 €	-35.5%	1,2 k €	-72.8%	4,4 k €	+293%	1,1 k €
Balance sheet
Equity	638,7 k €	+34.5%	475 k €	+139%	198,8 k €	+33.6%	148,8 k €	-2.7%	153 k €	+0.4%	152,3 k €	+4.8%	145,3 k €	+0.5%	144,6 k €	+25.4%	115,3 k €	-27.9%	159,8 k €	-7.4%	172,6 k €	+3.1%	167,5 k €	+23.1%	136 k €	+26.1%	107,8 k €	+17.8%	91,5 k €	+16.9%	78,3 k €	+1.0%	77,5 k €	+1.6%	76,3 k €	+6.1%	71,9 k €
Total assets	774,6 k €	+29.9%	596,3 k €	+148%	240,7 k €	+5.7%	227,8 k €	-7.4%	246 k €	+6.3%	231,5 k €	-10.8%	259,5 k €	-20.6%	326,7 k €	+48.1%	220,6 k €	-13.3%	254,5 k €	+19.1%	213,6 k €	-12.6%	244,5 k €	+23.9%	197,4 k €	-2.7%	202,8 k €	-5.2%	213,8 k €	-5.8%	227,1 k €	-1.0%	229,3 k €	-16.5%	274,8 k €	+0.1%	274,6 k €
Cash	131 k €	-55.3%	292,8 k €	+190%	101,1 k €	+31.5%	76,9 k €	-31.5%	112,3 k €	+13.9%	98,6 k €	-5.9%	104,8 k €	-43.2%	184,4 k €	+108%	88,8 k €	+13.0%	78,6 k €	+262%	21,7 k €	+105%	10,6 k €	-49.8%	21,1 k €	+5.7%	19,9 k €	+47.9%	13,5 k €	-15.3%	15,9 k €	-50.5%	32,1 k €	+205%	10,5 k €	+119%	4,8 k €
Debts	134,2 k €	+10.7%	121,3 k €	+196%	41 k €	-48.1%	79 k €	-15.1%	93 k €	+17.5%	79,2 k €	-30.6%	114,1 k €	-37.2%	181,6 k €	+72.5%	105,3 k €	+11.2%	94,7 k €	+135%	40,2 k €	-47.8%	77 k €	+32.7%	58 k €	-36.3%	91,2 k €	-22.9%	118,3 k €	-18.6%	145,3 k €	-1.7%	147,7 k €	-23.6%	193,4 k €	-4.6%	202,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

Geneviève VAN DER ESSEN

Administratrice

Active

Jean Putmans

Director

Active

Ended mandates

Amélie Putmans

Mandate · since 20 novembre 2011 · until 20 novembre 2017

Ended

Amélie Putmans

Director · since 20 novembre 2011 · until 20 novembre 2017

Ended

François Putmans

Director · since 20 novembre 2011 · until 20 novembre 2017

Ended

Geneviève Van Der Essen

Mandate · since 20 novembre 2011 · until 20 novembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
SODEVER● Active	0434.540.303

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	11/03/2025	12/04/2024	07/02/2023	24/02/2022	08/03/2021
General meeting	28/05/2026	11/02/2025	15/03/2024	31/01/2023	31/01/2022	09/02/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	09/06/2026	French	PDF
Abridged model	31/12/2024	11/02/2025	11/03/2025	French	PDF
Abridged model	31/12/2023	15/03/2024	12/04/2024	French	PDF
Abridged model	31/12/2022	31/01/2023	07/02/2023	French	PDF
Abridged model	31/12/2021	31/01/2022	24/02/2022	French	PDF
Abridged model	31/12/2020	09/02/2021	08/03/2021	French	PDF
Abridged model	31/12/2019	31/01/2020	28/02/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	01/02/2018	19/02/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	08/06/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	15/12/2014	Dutch	PDF
Abridged model	30/06/2013	23/12/2013	23/01/2014	Dutch	PDF
Abridged model	30/06/2012	30/12/2012	17/01/2013	Dutch	PDF
Abridged model	30/06/2011	31/12/2011	16/01/2012	Dutch	PDF
Abridged model	30/06/2010	17/01/2011	25/01/2011	Dutch	PDF
Abridged model	30/06/2009	11/12/2009	14/12/2009	Dutch	PDF
Abridged model	30/06/2008	22/12/2008	21/01/2009	Dutch	PDF
Abridged model	30/06/2007	30/12/2007	29/01/2008	Dutch	PDF
Abridged model	30/06/2006	30/12/2006	25/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 2 active · 21 ended

Active mandates

Geneviève VAN DER ESSEN

Administratrice

Active

Jean Putmans

Director

Active

Ended mandates

Amélie Putmans

Mandate · since 20 novembre 2011 · until 20 novembre 2017

Ended

Amélie Putmans

Director · since 20 novembre 2011 · until 20 novembre 2017

Ended

François Putmans

Director · since 20 novembre 2011 · until 20 novembre 2017

Ended

Geneviève Van Der Essen

Mandate · since 20 novembre 2011 · until 20 novembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/05/2025
SIEGE SOCIAL
PDF
Other15/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other27/04/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office27/04/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/08/2015
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares10/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2010
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025208,1 k €↓
2024
Annual accounts 2024326,2 k €↑
2023
Annual accounts 202391,5 k €↑
2022
Annual accounts 202289 k €↑
2021
Annual accounts 202185,7 k €↑
2020
Annual accounts 202078 k €↑
2019
Annual accounts 201960,7 k €↓
2018
Annual accounts 2018139,3 k €↑
2017
Annual accounts 201753,5 k €↑
2016
Annual accounts 201647,2 k €↓
2015
Annual accounts 201566,6 k €↑
2014
Annual accounts 201466,5 k €↑
2013
Annual accounts 201328,2 k €↑
2012
Annual accounts 201216,3 k €↑
2011
Annual accounts 201113,2 k €↑
2010
Annual accounts 2010770,6 €↓
2009
Annual accounts 20091,2 k €↓
2008
Annual accounts 20084,4 k €↑
2007
Annual accounts 20071,1 k €
03/06/1993
IncorporationPrivate 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

FRAME

Overview

What does FRAME do?

Trend over 19 financial years

Indicative valuation

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