Equity
€89,024 from €191,415 in 2014
Equity fell by 53% in 12 years.
FAPS2007
Lifetime
19 annual accounts with figures on one time axispeak €113,501 (2024)
€78,260▼ 11.4%
lowest -€62,297 (2017)
€10,072▼ 31.7%
peak €191,415 (2014)
€89,024▲ 12.8%
€1.6m▲ 30.3%
peak 1 FTE (2014)
-not published
Board1 name since 2022
1 directorFabian LE PICOLO
Documentsfilings and deeds
30-10-20261 day before the deadline
2026micro format
Turnover from €270,273 to €360,559Result from €14,738 to €10,072Equity from €78,952 to €89,024Debts from €1.3m to €1.6mCash from €22,053 to €4,395
Key points
from the 2026 annual accountsTurnover
€360,559 ▲ 33.4%
Turnover rose in 2026 from €270,273 to €360,559.
Debts
€1.6m 95% of the balance sheet
Financial debts 40%Suppliers 0%Taxes and wages 0%Other 59%
Of this, €326,416 falls due within a year.
Payment terms
3 days to suppliers
FAPS2007 pays its suppliers 4 days earlier than in 2025. Customers pay 108 days later.
Liquidity
1.51 was 0.63 in 2025
Short-term debts rose from €202,180 to €326,416.
Filings
19 annual accounts since 2008
Two of the last ten came late. The 2023 accounts came latest: 23 days after the end of the period.
Checked score
83
Excellent
Financially stronger than 53% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025
11-2025: 0.7%▲ +0.2 percentage points vs 10-2025highest value
12-2025: 0.2%▼ -0.5 percentage points vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.7%▲ +0.4 percentage points vs 09-2026
11-2026: 0.5%▼ -0.2 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.51, cash €4,395, halved
Equity €89,024 (5.2% of total assets)
lowers risk
Size: turnover €360,559, total assets €1.7m
Figures for financial year 2026 (filed on 06-11-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 26% of them on solvency, 39% on liquidity, 70% on profitability and 77% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,448 companies had the same profile as FAPS2007 has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FAPS2007 itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,448 companies, not a prediction for FAPS2007. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.51 (0.63 in 2025), above the usual 1.5. Short-term debt is 19% and cash 0.3% of total assets. However, 94.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 475 sector peers (2026).
NBB · sector comparisonPosition among 475 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-10-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
1 day early
2025
1 day early
2024
1 day early
2023
23 days late
2022
40 days early
2021
2 days late
2020
74 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0886796764
Change of role: Fabian LE PICOLO, from manager to director
Director discharge: Fabian LE PICOLO · Gazette deed
Incorporation
published on 06-02-2007 · Gazette deed
First establishment
Emblève 15, Aywaille
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FAPS2007 Aywaille | €1.7m | €78,260 | 5.2% | - |
| KASTO Kapelle-op-den-Bos | €1.5m | €82,835 | 90.0% | - |
| JENAER INVEST Landen | €1.7m | €80,930 | 70.8% | - |
| IMMO DE WINNE Aalst | €1.8m | €60,307 | 48.9% | - |
| D & D VASTGOED Lommel | €1.8m | €101,602 | 29.8% | - |
| ImmoVF Sint-Gillis-Waas | €1.5m | €75,889 | 38.9% | - |
| Auguste François VanDe Camp Waregem | €1.3m | €85,958 | 4.0% | - |
These companies have the same main activity as FAPS2007: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1.3m and €1.8m, founded between 2004 and 2009.
Official details
Source: KBO- Status
- Active since 29-01-2007Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Establishment unit
- 2.217.185.7154920 Aywaille, since 29-01-2007
- Financial year end
- 31 March
- Peppol
- Reachable since 14-01-2026
Annual accounts to 31-03-2026
- €1.7m▲ 29.3%
- Filing
- Filed on 30-10-2026, 1 day before the end of the filing period
Insights on FAPS2007
FAPS2007 files the micro format. That format states no turnover. The gross margin rose from €12,840 in 2008 to €78,260 in 2026.
The balance sheet grew most from 2014 to 2016 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FAPS2007
- What is the company number of FAPS2007?
- The company number of FAPS2007 is 0886.796.764. The VAT number is the same number with BE in front: BE 0886.796.764.
- Where is FAPS2007 based?
- The registered office is at Emblève 15, 4920 Aywaille.Company details
- What does FAPS2007 do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of FAPS2007?
- FAPS2007 is a private limited company (BV).
- When was FAPS2007 founded?
- FAPS2007 was founded on 29-01-2007.
- Is FAPS2007 still active?
- Yes, FAPS2007 is an active enterprise in the KBO register.
- What is the turnover of FAPS2007?
- The turnover of FAPS2007 was €360,559 in financial year 2026, according to the filed annual accounts.Financials
- Is FAPS2007 profitable?
- In financial year 2026, FAPS2007 made a profit of €10,072.
- Where can I find the annual accounts of FAPS2007?
- FAPS2007 filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of FAPS2007 due?
- FAPS2007 must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.