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Ets FOGAL

Active
Private limited companyfounded 2017active for 9 yearsRue Suzanne Grégoire 19, 4041 Herstal, BelgiumKBO/BCE: BE 0677.854.707
Summary

Ets FOGAL has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309,928 and a net result of €66,856. Equity has been growing by about 24% per year since 2019. Its solvency ranks better than 48% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 04-07-2017 Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 4 others
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-06-2025
Establishment units
2.268.145.159 4041 Herstal, since 04-07-2017
2.329.866.655 4340 Awans, since 04-04-2022
Financial year end
30 June
Peppol
Reachable since 28-01-2026

Board and ownership

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts to 30-06-2025
Gross margin
€659,359
▲ 9.5%
Turnover
≈ €1.7m
estimated
Profit
€66,856
▲ 84.3%
Equity
€309,928
▲ 2.6%
Total assets
€758,802
▲ 7.7%
Employees on 30-06-2025
7
▼ 12.5%
Score breakdownraises riskSize: 7.6 FTE, total assets €758,802Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.62, cash €255,766Equity €309,928 (40.8% of total assets)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 66-2
equity 40.8% of total assets
Liquidity 77+15
short-term debt 34.2% · cash 33.7%
Profitability 80+5
return on assets 8.8%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 1.0% 01-2025: 1.1%▲ +0.1 percentage points vs 12-2024 02-2025: 1.7%▲ +0.6 percentage points vs 01-2025highest value 03-2025: 0.5%▼ -1.2 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.4%▼ -0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.6%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%▼ -0.3 percentage points vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.62 (1.82 in 2024), above the usual 1.5. Short-term debt is 34.2% and cash 33.7% of total assets. However, 59.2% of the assets are financed with debt and provisions.
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 43, micro). It does better than 44% of them on solvency, 75% on liquidity, 59% on profitability and 42% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.62, cash €255,766
NBB · annual accounts
raises risk · Size: 7.6 FTE, total assets €758,802
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Equity €309,928 (40.8% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
1 day early
2024
1 day early
2023
5 days early
2022
4 days early
2021
on the day
2020
3 days early
2019
2 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 2 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Resignation: FOGAL Jean-François (manager)Reappointment: FOGAL Jean-François (director)
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as Ets FOGAL: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €696,000 and €1.1m, founded between 2012 and 2019.

CompanyTotal assetsGross margin
Ets FOGAL Herstal€0.8m€0.7m
ISO-THERM Dalhem€1.1m€0.5m
DELECOUR GILLES Clavier€1.0m€0.8m
LEMAIRE ET FILS Malmedy€0.9m€0.7m
SAN & HEAT Farciennes€0.7m€0.6m
Josy GONRY SRL Virton€0.8m€0.7m
BEGUIN-MASSET Anhée€0.9m€0.6m
Full comparison

Key facts about Ets FOGAL

What is the company number of Ets FOGAL?
The company number of Ets FOGAL is 0677.854.707. The VAT number is the same number with BE in front: BE 0677.854.707.
Where is Ets FOGAL based?
The registered office is at Rue Suzanne Grégoire 19, 4041 Herstal.Company details
What does Ets FOGAL do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of Ets FOGAL?
The legal form of Ets FOGAL is Private limited company (BV).
When was Ets FOGAL founded?
Ets FOGAL was founded on 04-07-2017.
Is Ets FOGAL still active?
Yes, Ets FOGAL is an active enterprise in the KBO register.
How many employees does Ets FOGAL have?
Ets FOGAL had an average of 7.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Ets FOGAL fall under?
In its 30-06-2025 annual accounts, Ets FOGAL states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of Ets FOGAL?
The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €659,359 and 45 comparable companies (NACE 432). It probably lies between €1.4m and €2.2m.
Is Ets FOGAL profitable?
In financial year 2025, Ets FOGAL made a profit of €66,856.
Where can I find the annual accounts of Ets FOGAL?
Ets FOGAL filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Ets FOGAL due?
Ets FOGAL must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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