F.A-CONSTRUCT
ActiveThe file of F.A-CONSTRUCT contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is at least 25% (high). The 2025 annual accounts show negative equity (-€349,860) and a net result of -€209,214. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2,749 sector peers (NACE 41, financial year 2025).
Overview
- Staff
- 9.7 FTE
- Equity
- -€349,860
- Loss
- -€209,214
Why 4raises riskJudicial reorganisation on record (2 publications, latest 18-08-2026)Negative equity -€349,8603 changes of registered office in 24 monthsLoss of €209,214, the second in a row (financial year 2025)Show the evidence
Checked score
About 1 in 2 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 3% on solvency, 51% on liquidity, 5% on profitability and 3% on growth.
The bankruptcy probability was computed on 20-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 58 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Reorganisation ended earlyEnterprise Court of Hainaut, Mons…
- OpeningEnterprise Court of Hainaut ·…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460509.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €180,553 in 2025 against €145,214 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.5% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0 | €54 | €54 | ▲ 0.7% |
| Remuneration, social security and pensions62 | - | - | - | €69,518 | €121,405 | €185,151 | €263,005 | €189,231 | ▼ 28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,702 | €9,895 | €5,841 | €6,061 | €11,290 | €21,888 | €42,379 | €4,604 | ▼ 89.1% |
| Other operating charges640/8 | - | - | - | €4,051 | €12,512 | €15,683 | €5,098 | €54,929 | ▲ 977% |
| Non-recurring operating charges66A | - | - | - | - | - | €3 | €133 | €144 | ▲ 8.0% |
| Gross operating margin9900 | €83,200 | €69,755 | €13,985 | €114,303 | €157,292 | €257,847 | €165,401 | €68,355 | ▼ 58.7% |
| Operating profit (loss)9901 | €73,264 | €19,325 | €2,757 | €34,673 | €12,084 | €35,123 | -€145,214 | -€180,553 | ▼ 24.3% |
| Financial income75/76B | - | - | - | €2,436 | €154 | €623 | €1 | €59 | ▲ 4,410% |
| Recurring financial income75 | €96 | €32 | €28 | €2,436 | €154 | €623 | €1 | €59 | ▲ 4,410% |
| Financial charges65/66B | - | - | - | €8,366 | €11,425 | €18,666 | €24,882 | €23,669 | ▼ 4.9% |
| Recurring financial charges65 | €4,158 | €3,841 | €11,525 | €8,366 | €11,425 | €18,666 | €24,882 | €23,669 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €69,202 | €15,516 | -€8,740 | €28,743 | €813 | €17,080 | -€170,095 | -€204,163 | ▼ 20.0% |
| Income taxes67/77 | €195 | - | - | €13,429 | - | €8,856 | €14,732 | €5,051 | ▼ 65.7% |
| Profit (loss) for the period9904 | €69,008 | €15,516 | -€8,740 | €15,314 | €813 | €8,224 | -€184,826 | -€209,214 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €69,008 | €15,516 | -€8,740 | €15,314 | €813 | €8,224 | -€184,826 | -€209,214 | ▼ 13.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €217,250 | €381,605 | €296,760 | €219,328 | €265,487 | €398,166 | €669,905 | €148,784 | ▼ 77.8% |
| Fixed assets21/28 | €10,824 | €13,912 | €12,162 | €20,381 | €33,100 | €106,000 | €80,719 | €21,211 | ▼ 73.7% |
| Tangible fixed assets22/27 | €9,699 | €13,826 | €11,052 | €19,040 | €30,006 | €98,361 | €73,080 | €13,158 | ▼ 82.0% |
| Plant, machinery and equipment23 | - | - | - | €19,030 | €11,486 | €9,304 | €18,567 | €2,289 | ▼ 87.7% |
| Furniture and vehicles24 | - | - | - | €10 | €18,521 | €89,057 | €54,513 | €10,869 | ▼ 80.1% |
| Financial fixed assets28 | €1,125 | €86 | €1,111 | €1,340 | €3,093 | €7,639 | €7,639 | €8,053 | ▲ 5.4% |
| Current assets29/58 | €206,426 | €367,693 | €284,598 | €198,948 | €232,387 | €292,167 | €589,186 | €127,573 | ▼ 78.3% |
| Stocks and contracts in progress3 | €5,300 | €15,880 | €16,880 | €14,330 | €27,980 | €24,730 | €24,730 | €7,975 | ▼ 67.8% |
| Stocks30/36 | - | - | - | €14,330 | €27,980 | €24,730 | €24,730 | €7,975 | ▼ 67.8% |
| Amounts receivable within one year40/41 | €182,101 | €284,699 | €184,502 | €88,796 | €122,100 | €221,789 | €513,436 | €47,584 | ▼ 90.7% |
| Trade receivables40 | - | - | - | €88,796 | €122,100 | €214,433 | €504,307 | €37,509 | ▼ 92.6% |
| Other amounts receivable41 | - | - | - | - | - | €7,356 | €9,129 | €10,075 | ▲ 10.4% |
| Cash at bank and in hand54/58 | €15,636 | €62,686 | €78,559 | €91,600 | €78,949 | €42,073 | €44,727 | €67,639 | ▲ 51.2% |
| Deferred charges and accrued income490/1 | - | - | - | €4,222 | €3,358 | €3,574 | €6,292 | €4,375 | ▼ 30.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €217,250 | €381,605 | €296,760 | €219,328 | €265,487 | €398,166 | €669,905 | €148,784 | ▼ 77.8% |
| Equity10/15 | €12,001 | €27,517 | €19,829 | €35,143 | €35,956 | €44,180 | -€140,646 | -€349,860 | ▼ 149% |
| Contributions10/11 | €6,300 | €6,300 | - | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €3,841 | €19,357 | €11,669 | €26,983 | €27,796 | €36,020 | -€148,806 | -€358,020 | ▼ 141% |
| Amounts payable17/49 | €205,250 | €354,088 | €276,931 | €184,185 | €229,531 | €353,986 | €810,551 | €498,644 | ▼ 38.5% |
| Amounts payable after more than one year17 | €45,158 | €55,955 | €67,382 | €80,190 | €31,872 | €89,537 | €61,228 | €3,303 | ▼ 94.6% |
| Financial debts170/4 | - | - | - | €80,190 | €31,872 | €89,537 | €61,228 | €3,303 | ▼ 94.6% |
| Amounts payable within one year42/48 | €160,092 | €298,133 | €209,264 | €89,114 | €197,013 | €264,449 | €747,300 | €495,341 | ▼ 33.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,639 | €16,370 | €31,938 | €78,632 | €48,578 | ▼ 38.2% |
| Financial debts43 | - | - | - | - | - | - | €130,000 | €142,007 | ▲ 9.2% |
| Credit institutions430/8 | - | - | - | - | - | - | €130,000 | €142,007 | ▲ 9.2% |
| Trade debts44 | €140,646 | €224,136 | €142,651 | €43,404 | €105,628 | €146,127 | €502,374 | €163,961 | ▼ 67.4% |
| Suppliers440/4 | - | - | - | €43,404 | €105,628 | €146,127 | €502,374 | €163,961 | ▼ 67.4% |
| Taxes, remuneration and social security45 | - | - | - | €14,222 | €34,239 | €41,155 | €9,525 | €40,739 | ▲ 328% |
| Taxes450/3 | - | - | - | €11,725 | €26,302 | €22,981 | €0 | €30,296 | - |
| Remuneration and social security454/9 | - | - | - | €2,497 | €7,937 | €18,174 | €9,525 | €10,443 | ▲ 9.6% |
| Other amounts payable47/48 | - | - | - | €2,849 | €40,777 | €45,229 | €26,770 | €100,056 | ▲ 274% |
| Accrued charges and deferred income492/3 | - | - | - | €14,882 | €646 | - | €2,022 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,008 | €15,516 | -€8,740 | €15,314 | €813 | €8,224 | -€184,826 | -€209,214 | ▼ 13.2% |
| + Depreciation and write-downs630 | €6,702 | €9,895 | €5,841 | €6,061 | €11,290 | €21,888 | €42,379 | €4,604 | ▼ 89.1% |
| Operating cash flow (approximation) | €75,709 | €25,411 | -€2,899 | €21,375 | €12,103 | €30,112 | -€142,447 | -€204,610 | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | -€12,983 | -€4,091 | -€14,280 | -€24,009 | -€94,788 | -€17,098 | €54,904 | - |
| Change in cash | - | €47,050 | €15,873 | €13,041 | -€12,651 | -€36,876 | €2,654 | €22,912 | ▲ 763% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00460509 |
| 31-12-2024 | full format | 19-11-2025 | 2025-00570867 |
| 31-12-2023 | full format | 02-10-2024 | 2024-00488266 |
| 31-12-2022 | full format | 01-09-2023 | 2023-00436036 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20390552 |
| 31-12-2020 | full format | 28-09-2021 | 2021-68900564 |
| 31-12-2019 | full format | 19-10-2020 | 2020-61900296 |
| 31-12-2018 | micro format | 08-09-2019 | 2019-63900352 |
| 31-12-2017 | micro format | 18-09-2018 | 2018-63400430 |
| 31-12-2016 | full format | 06-10-2017 | 2017-66700464 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 22-01-2026 Incorporation · €18,600 · 120 shares
- 22-01-2026 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 3 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
27-01
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, 16-01-2026
- Registered-office move, Chaussée de redemont, 128 à 7100 La Louviere
- Director in office, FRAGAPANE Vincent (director)
22-01
Gazette deed
Registered office · Amendment of the articles · Legal-form change · Resignations & appointmentsFounding capital · Capital conversion · Capital11 facts ▸
- General meeting, 15-12-2023
- Other provision, “statuts non modifiés depuis constitution” (deed in French)
- Founding capital, €18,600
- Capital conversion, “capitaux propres statutairement indisponibles” (deed in French)
- Capital conversion, “capital ancien et réserve légale ancienne deviennent disponibles pour distribution”, EUR (deed in French)
- Capital, €18,600
- Amendment of the articles
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Board composition, Vincenzo FRAGAPANE (director (not named in the articles))
- Board composition, Giovanni FRAGAPANE (director (not named in the articles))
- Power of attorney
19-01
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 10-12-2025
- Registered-office move, Rue Bastenier n°63 à 7100 La Louviere
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0627.920.194
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55038D0224/00D006indicative | Wallonia | 440 m² | 1 · 56 m² | 9.9 m · 3 |
| 55015A0164/00X036 | Wallonia | 408 m² | 1 · 75 m² | 11.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes activités du secteur de la construction et de la rénovation de tous bâtiments,résidentiels ou non,publics ou privés,ainsi que tous…” (deed in French)
6 activities (deed in French)
- Toutes activités du secteur de la construction et de la rénovation de tous bâtiments,résidentiels ou non,publics ou privés,ainsi que tous travaux d'équipement des bâtiments
- Toutes activités de promotion immobilière,en ce compris notamment la construction,l'achat,l'échange,la vente,la prise en location et en sous-location,ainsi que la cession en location et en sous-location,le tout avec ou sans option d'achat,l'exploitation et l'entretien de maisons,appartements,bureaux,magasins,fonds de commerce,parkings,garages,terrains,terres et domaines,ainsi que toutes opérations de financement se rapportant à ces activités
- Toutes opérations industrielles,commerciales,financières,mobilières ou immobilières pouvant se rattacher directement ou indirectement à son objet social ou pouvant en faciliter l'extension ou le développement
- S'intéresser à toutes sociétés ou associations poursuivant le même objet social ou dont l'objet social serait de nature à faciliter la réalisation ou le développement des opérations de la société
- Exercer un mandat d'administrateur,gérant ou liquidateur dans toute autre société
- Se porter caution et donner toute sûreté,personnelle ou réelle,en faveur de toute personne ou société,liée ou non
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- F.A-CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Organe d'administration, Région wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Déterminée ou indéterminée, nombre durée du mandat et en cas de pluralité pouvoirs” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Valeur définitivement fixée par expert indépendant, à défaut d'accord entre parties” (deed in French)“Copropriété et démembrement, y vote seul” (deed in French)“Droits de vote déduction faite actions proposées, écrit” (deed in French)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Emission d'actions – Droit de préférence, émission d'actions nouvelles nécessite modification des statuts” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, comme en matière de modification des statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed