ACTIVE

FRAMEWALL

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Financial year 2025 · closed on 31/12/2025
Net result
257,3 k €
+21.8% YoY
Gross margin
375,1 k €
+16.8% YoY
Equity
153,6 k €
-37.6% YoY
Workforce
0,0 ETP

What does FRAMEWALL do?

FRAMEWALL is a Private limited company incorporated in 2015. Its main activity is: Advertising agencies. Its registered office is in Aalst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0637.948.610
Incorporation
21/09/2015
Legal form
Private limited company
Registered office
Moorselbaan 334
9300 Aalst · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
73110Advertising agencies· main73110Advertising agencies
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212019201820172016
Income statement
Gross margin375,1 k €321,2 k €231,4 k €116,6 k €53,8 k €143,5 k €215,1 k €126,5 k €76,7 k €
EBITDA330 k €284,4 k €192,3 k €93,9 k €40,2 k €45,2 k €28,7 k €7,4 k €5 k €
Operating result305,6 k €261,5 k €174,8 k €90,4 k €39,9 k €35,5 k €17,5 k €7,2 k €5 k €
Net result257,3 k €211,2 k €128,6 k €67,8 k €30 k €22,6 k €9,1 k €3,3 k €2,9 k €
Balance sheet
Equity153,6 k €246,3 k €220 k €164,1 k €96,2 k €44,1 k €21,5 k €12,4 k €9,1 k €
Total assets1 M €903,6 k €860,2 k €544,2 k €536,5 k €269,5 k €281,9 k €201,4 k €250,2 k €
Cash252 k €310 k €337,7 k €170,1 k €144,4 k €34,8 k €64,8 k €39,8 k €12,8 k €
Debts624,9 k €380,4 k €381,8 k €175 k €284,4 k €225,4 k €260,4 k €57,4 k €238,8 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP–––––1,5 ETP
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 · 1 active · 4 ended

Active mandates

SPOTTS

Director · since 16 janvier 2023 · 0713.551.497

Represented by Olivier STERCKX

Active

Ended mandates

Spotts BV

Bestuurder · since 01 juillet 2021

Represented by Olivier Sterckx

Ended
Natalie Vauterin

Bestuurder · since 21 septembre 2015 · until 30 juin 2021

Ended
Natalie Vauterin

Director · since 21 septembre 2015

Ended
Natalie Vauterin

Manager

Ended
At this address

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Asbihold● Active
1042.059.815
A.S. Holding● Active
1017.529.208
De Media Ridder● Active
0803.490.293
Ecoflex● Active
1041.446.141
SDV HOLDING● Active
1036.099.461
SPOTTS● Active
0713.551.497
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/04/202628/07/202512/07/202425/07/202326/04/202226/07/2021
General meeting30/03/202630/06/202514/06/202430/06/202331/03/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/03/202629/04/2026DutchPDF
Abridged model31/12/202430/06/202528/07/2025DutchPDF
Abridged model31/12/202314/06/202412/07/2024DutchPDF
Abridged model31/12/202230/06/202325/07/2023DutchPDF
Abridged model31/12/202131/03/202226/04/2022DutchPDF
Abridged model31/12/202030/06/202126/07/2021DutchPDF
Micro model31/12/201912/06/202003/07/2020DutchPDF
Micro model31/12/201814/06/201923/07/2019DutchPDF
Micro model31/12/201708/06/201830/07/2018DutchPDF
Abridged model31/12/201609/06/201710/08/2017DutchPDF
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 · 1 active · 4 ended

Active mandates

SPOTTS

Director · since 16 janvier 2023 · 0713.551.497

Represented by Olivier STERCKX

Active

Ended mandates

Spotts BV

Bestuurder · since 01 juillet 2021

Represented by Olivier Sterckx

Ended
Natalie Vauterin

Bestuurder · since 21 septembre 2015 · until 30 juin 2021

Ended
Natalie Vauterin

Director · since 21 septembre 2015

Ended
Natalie Vauterin

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other03/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN
    PDF
  • Mandates22/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/11/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other23/09/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025257,3 k €↑
  2. 2024
    Annual accounts 2024211,2 k €↑
  3. 2023
    Annual accounts 2023128,6 k €↑
  4. 2022
    Annual accounts 202267,8 k €↑
  5. 2021
    Annual accounts 202130 k €↑
  6. 2019
    Annual accounts 201922,6 k €↑
  7. 2018
    Annual accounts 20189,1 k €↑
  8. 2017
    Annual accounts 20173,3 k €↑
  9. 2016
    Annual accounts 20162,9 k €
  10. 21/09/2015
    IncorporationPrivate limited company