F & C
ActiveSummary
F & C has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €9k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 80% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+1
Solvency97▲+2
Growth52▲+9
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.33 in 2024; short-term debt: 27% and cash: 0.4% of total assets), and 28.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.7%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
26 d late
2022
31 d late
2021
29 d late
2020
52 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Turnover
€32k▼ 21.8%
2024 · €41k
EBIT margin
52.4%▲ 6.0pp
2024 · 46.4%
Net result
€9k▲ 352%
2024 · €2k
Working capital
€-270k▼ 3.8%
2024 · €-260k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€95k▼ 65.3%€37k▼ 61.0%€41k€32k▼ 21.8%
Operating result€4k▼ 97.1%€47k▲ 946%€13k▼ 72.3%€19k▲ 46.0%€17k▼ 11.7%
Net result€18k▼ 81.8%€-12k€10k€2k▼ 78.8%€9k▲ 352%
EBIT margin4.7%▼ 51.8pp126.1%▲ 121.4pp46.4%52.4%▲ 6.0pp
Equity€1.05M▲ 1.8%€1.04M▼ 1.2%€1.05M▲ 0.9%€1.05M▲ 0.2%€1.06M▲ 0.9%
Total assets€2.19M▼ 8.0%€1.60M▼ 26.9%€1.55M▼ 3.1%€1.50M▼ 3.4%€1.48M▼ 1.4%
Debt€1.14M▼ 15.5%€564k▼ 50.6%€504k▼ 10.6%€449k▼ 11.0%€419k▼ 6.7%
Working capital€-553k▼ 6.8%€-271k▲ 51.0%€-268k▲ 1.0%€-260k▲ 3.1%€-270k▼ 3.8%
Staff (FTE)3.7▼ 9.8%3▼ 18.9%2.9▼ 3.3%2.9=3▲ 3.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.48M
Fixed assets
€1.35M ▼ 1.6%
Current assets
€130k ▲ 0.7%
Equity and liabilities €1.48M
Equity
€1.06M ▲ 0.9%
Debt
€419k ▼ 6.7%
Debt's share of the balance-sheet total falls from 29.9% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145k▲
2024 · €144k
Cash flow
€138k▲
2024 · €127k
Current ratio
0.33▼
2024 · 0.33
Debt to equity
0.40▼
2024 · 0.43
ROE
0.9%▲
2024 · 0.2%
ROA
0.6%▲
2024 · 0.1%
Interest coverage
66.62▲
2024 · 10.24
Debt ≤ 1 year
€400k▲
2024 · €389k
Debt > 1 year
€19k▼
2024 · €60k
Income taxes
€770▼
2024 · €3k
Staff costs
€117k▲
2024 · €101k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €95k | €37k | - | €41k | €32k | ▼ 21.8% |
| Non-recurring operating income76A | €1k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €141k | €115k | - | €133k | €132k | ▼ 1.0% |
| Remuneration, social security and pensions62 | €119k | €108k | €105k | €101k | €117k | ▲ 16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163k | €106k | €114k | €125k | €129k | ▲ 2.7% |
| Other operating charges640/8 | €47k | €138k | €56k | €55k | €53k | ▼ 3.9% |
| Non-recurring operating charges66A | €2k | €443 | €445 | €7 | - | - |
| Gross operating margin9900 | €335k | €399k | €287k | €300k | €316k | ▲ 5.1% |
| Operating profit (loss)9901 | €4k | €47k | €13k | €19k | €17k | ▼ 11.7% |
| Financial income75/76B | €4 | - | €2k | - | €455 | - |
| Recurring financial income75 | €4 | - | €2k | - | €455 | - |
| Financial charges65/66B | €14k | €34k | €5k | €14k | €7k | ▼ 49.0% |
| Recurring financial charges65 | €14k | €34k | €5k | €14k | €2k | ▼ 84.5% |
| Non-recurring financial charges66B | - | - | - | - | €5k | - |
| Profit (loss) for the period before taxes9903 | €-9k | €13k | €10k | €5k | €10k | ▲ 106% |
| Income taxes67/77 | €-27k | €25k | - | €3k | €770 | ▼ 72.8% |
| Profit (loss) for the period9904 | €18k | €-12k | €10k | €2k | €9k | ▲ 352% |
| Profit (loss) for the period to be appropriated9905 | €18k | €-12k | €10k | €2k | €9k | ▲ 352% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.19M | €1.60M | €1.55M | €1.50M | €1.48M | ▼ 1.4% |
| Fixed assets21/28 | €2.18M | €1.51M | €1.44M | €1.37M | €1.35M | ▼ 1.6% |
| Tangible fixed assets22/27 | €2.16M | €1.49M | €1.42M | €1.37M | €1.33M | ▼ 3.0% |
| Land and buildings22 | €1.99M | €1.36M | €1.29M | €1.26M | €1.25M | ▼ 0.9% |
| Plant, machinery and equipment23 | €44k | €37k | €45k | €55k | €45k | ▼ 17.2% |
| Furniture and vehicles24 | €415 | €312 | €208 | €1k | €2k | ▲ 15.5% |
| Other tangible fixed assets26 | €126k | €92k | €83k | €57k | €36k | ▼ 36.5% |
| Financial fixed assets28 | €20k | €20k | €20k | - | €20k | - |
| Current assets29/58 | €9k | €94k | €117k | €129k | €130k | ▲ 0.7% |
| Amounts receivable within one year40/41 | €240 | €77k | €99k | €102k | €110k | ▲ 7.4% |
| Trade receivables40 | €240 | €77k | €99k | €102k | €110k | ▲ 7.4% |
| Other amounts receivable41 | - | - | €663 | - | - | - |
| Cash at bank and in hand54/58 | €9k | €5k | €5k | €14k | €6k | ▼ 55.3% |
| Deferred charges and accrued income490/1 | - | €13k | €13k | €13k | €14k | ▲ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.19M | €1.60M | €1.55M | €1.50M | €1.48M | ▼ 1.4% |
| Equity10/15 | €1.05M | €1.04M | €1.05M | €1.05M | €1.06M | ▲ 0.9% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Capital10 | €500k | €500k | €500k | €500k | €500k | = |
| Issued capital100 | €500k | €500k | €500k | €500k | €500k | = |
| Revaluation surpluses12 | €320k | €320k | €320k | €320k | €320k | = |
| Profit (loss) carried forward14 | €231k | €219k | €229k | €231k | €240k | ▲ 4.0% |
| Amounts payable17/49 | €1.14M | €564k | €504k | €449k | €419k | ▼ 6.7% |
| Amounts payable after more than one year17 | €580k | €199k | €119k | €60k | €19k | ▼ 68.3% |
| Financial debts170/4 | €580k | €199k | €119k | €60k | €19k | ▼ 68.3% |
| Amounts payable within one year42/48 | €562k | €365k | €385k | €389k | €400k | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | €153k | €74k | €29k | €29k | €29k | = |
| Financial debts43 | €17 | €17 | €17 | €17 | €17 | = |
| Credit institutions430/8 | €17 | €17 | €17 | €17 | €17 | = |
| Trade debts44 | €229k | €225k | €273k | €291k | €263k | ▼ 9.6% |
| Suppliers440/4 | €229k | €225k | €273k | €291k | €263k | ▼ 9.6% |
| Taxes, remuneration and social security45 | €45k | €63k | €83k | €69k | €96k | ▲ 40.2% |
| Taxes450/3 | €9k | €16k | €33k | €32k | €34k | ▲ 5.8% |
| Remuneration and social security454/9 | €36k | €46k | €50k | €36k | €62k | ▲ 70.8% |
| Other amounts payable47/48 | €135k | €3k | - | - | €11k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €-12k | €10k | €2k | €9k | ▲ 352% |
| + Depreciation and write-downs630 | €163k | €106k | €114k | €125k | €129k | ▲ 2.7% |
| Operating cash flow (approximation) | €181k | €94k | €123k | €127k | €138k | ▲ 8.3% |
| Investment in fixed assets (approximation) | - | €569k | €-41k | €-60k | €-107k | ▼ 79.2% |
| Change in cash | - | €-4k | €-153 | €9k | €-8k | ▼ 183% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €100k ▲2,440%
Operating result €155k, net result €100k, both a record.
31-12
Financial
Equity above €1MEq €1.03M ▲10.7%
3 profitable years in a row build equity to €1.03M.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 4 establishment units since 1990
Ground area
4,571 m²
Building footprint
1,591 m²
Volume, LiDAR
5,952 m³
3 parcels, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
F & C
since 19902.047.121.850
F & C
since 20092.180.941.466
F & C
since 20092.180.941.664
F & C
since 20092.180.942.060
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52502C0096/00R027 | Wallonia | 2,723 m² | 1 · 1,164 m² | 6.5 m · 2 fl. |
| 92136A0143/00H004 | Wallonia | 1,732 m² | 1 · 374 m² | - |
| 52044B0131/00P016indicative | Wallonia | 117 m² | 1 · 53 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300UNRC0BJYZ3GS80
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 3,844 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
68121Development of residential building projects
25530Machining of metals
43350Other building finishing work
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.