Summary
F.C.B. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2021 annual accounts show equity of €909,897 and a net result of -€28,104. Equity is shrinking by ~7.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Axes, FY 2021 · tick = 2020
Profitability33▼-2
Solvency32▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Solvency, return and age of the figures
Solvency
7.1%
Return on assets
-0.2%
Age of the figures
57 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
59 d early
2023
57 d early
2022
189 d late
2021
3 d early
2020
59 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 22 June (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2021, abbreviated schema, 2025 accounts filed, figures not processed yet
Equity
€909,897▼ 3.0%
2020 · €938,001
Total assets
€12.8m▲ 7.7%
2020 · €11.9m
Net result
-€28,104▲ 77.9%
2020 · -€127,285
Working capital
-€708,150▲ 56.1%
2020 · -€1.6m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€188,320-€93,997▼ 50.1%€139,518▲ 48.4%€272,433▲ 95.3%
Net result€1,082--€87,141-€127,285below the sector's middle half▼ 46.1%-€28,104below the sector's middle half▲ 77.9%
Equity€1.2m-€1.1m▼ 7.6%€938,001within the sector's middle half▼ 11.9%€909,897within the sector's middle half▼ 3.0%
Total assets€5.8m-€8.5m▲ 45.6%€11.9mabove the sector's middle half▲ 40.1%€12.8mabove the sector's middle half▲ 7.7%
Debt€4.7m-€7.4m▲ 58.7%€11.0m▲ 47.6%€11.9m▲ 8.6%
Working capital€1.6m-€2.7m▲ 63.9%-€1.6mbelow the sector's middle half-€708,150below the sector's middle half▲ 56.1%
Solvency19.8%-12.5%▼ 7.2pp7.9%below the sector's middle half▼ 4.7pp7.1%below the sector's middle half▼ 0.8pp
Current ratio2.43-2.39▼ 0.050.78within the sector's middle half▼ 1.610.91within the sector's middle half▲ 0.13
Return on assets (ROA)0.0%--1.0%▼ 1.0pp-1.1%below the sector's middle half=-0.2%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 95% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12.8m
Fixed assets
€6.0m ▼ 3.5%
Current assets
€6.8m ▲ 20.2%
Equity and liabilities €12.8m
Equity
€909,897 ▼ 3.0%
Debt
€11.9m ▲ 8.6%
Debt's share of the balance-sheet total rises from 92.1% to 92.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€468,549▲
2020 · €425,192
Cash flow
€168,012▲
2020 · €158,389
Quick ratio
0.81▲
2020 · 0.56
Debt to equity
13.09▲
2020 · 3.95
ROE
-3.1%▲
2020 · -13.6%
Interest coverage
1.72
Debt ≤ 1 year
€7.5m▲
2020 · €7.3m
Debt > 1 year
€4.4m▲
2020 · €3.7m
Income taxes
€29,954▼
2020 · €32,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €100,373 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €243,867 | €319,885 | €285,673 | €196,116 | ▼ 31.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,257 | - |
| Other operating charges640/8 | - | - | - | €43,686 | - |
| Non-recurring operating charges66A | - | - | - | €74,676 | - |
| Gross operating margin9900 | €465,770 | €451,351 | €510,081 | €590,168 | ▲ 15.7% |
| Operating profit (loss)9901 | €188,320 | €93,997 | €139,518 | €272,433 | ▲ 95.3% |
| Financial income75/76B | - | - | - | €1,695 | - |
| Recurring financial income75 | €818 | €6,047 | €64 | €1,695 | ▲ 2,562% |
| Non-recurring financial income76B | - | - | - | €1,695 | - |
| Financial charges65/66B | - | - | - | €272,278 | - |
| Recurring financial charges65 | €188,056 | €198,214 | €240,042 | €272,278 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | €1,082 | -€86,964 | -€94,507 | €1,850 | ▲ 102% |
| Income taxes67/77 | - | €177 | €32,777 | €29,954 | ▼ 8.6% |
| Profit (loss) for the period9904 | €1,082 | -€87,141 | -€127,285 | -€28,104 | ▲ 77.9% |
| Profit (loss) for the period to be appropriated9905 | €1,082 | -€87,141 | -€127,285 | -€28,104 | ▲ 77.9% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.8m | €8.5m | €11.9m | €12.8m | ▲ 7.7% |
| Fixed assets21/28 | €3.0m | €3.9m | €6.3m | €6.0m | ▼ 3.5% |
| Tangible fixed assets22/27 | €3.0m | €3.9m | €3.8m | €3.5m | ▼ 5.8% |
| Land and buildings22 | - | - | - | €3.5m | - |
| Plant, machinery and equipment23 | - | - | - | €27,285 | - |
| Furniture and vehicles24 | - | - | - | €56,780 | - |
| Financial fixed assets28 | €2 | €2 | €2.5m | €2.5m | = |
| Current assets29/58 | €2.8m | €4.6m | €5.6m | €6.8m | ▲ 20.2% |
| Stocks and contracts in progress3 | €505,799 | €1.3m | €1.6m | €709,815 | ▼ 54.6% |
| Stocks30/36 | - | - | - | €709,815 | - |
| Amounts receivable within one year40/41 | €1.8m | €2.8m | €3.5m | €5.7m | ▲ 61.7% |
| Trade receivables40 | - | - | - | €110,642 | - |
| Other amounts receivable41 | - | - | - | €5.6m | - |
| Cash at bank and in hand54/58 | €4,034 | €108,123 | €171,961 | €2,923 | ▼ 98.3% |
| Deferred charges and accrued income490/1 | - | - | - | €362,040 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.8m | €8.5m | €11.9m | €12.8m | ▲ 7.7% |
| Equity10/15 | €1.2m | €1.1m | €938,001 | €909,897 | ▼ 3.0% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | - | - | - | €300,000 | - |
| Issued capital100 | - | - | - | €300,000 | - |
| Reserves13 | €852,427 | €852,427 | €852,427 | €852,427 | = |
| Non-distributable reserves130/1 | - | - | - | €30,000 | - |
| Legal reserve130 | - | - | - | €30,000 | - |
| Distributable reserves133 | - | - | - | €822,427 | - |
| Profit (loss) carried forward14 | - | -€87,141 | -€214,426 | -€242,530 | ▼ 13.1% |
| Amounts payable17/49 | €4.7m | €7.4m | €11.0m | €11.9m | ▲ 8.6% |
| Amounts payable after more than one year17 | €3.5m | €5.5m | €3.7m | €4.4m | ▲ 19.2% |
| Financial debts170/4 | - | - | - | €4.4m | - |
| Amounts payable within one year42/48 | €1.1m | €1.9m | €7.3m | €7.5m | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €911,438 | - |
| Financial debts43 | - | - | - | €1.6m | - |
| Credit institutions430/8 | - | - | - | €1.6m | - |
| Trade debts44 | €41,702 | €251,997 | €233,276 | €268,039 | ▲ 14.9% |
| Suppliers440/4 | - | - | - | €268,039 | - |
| Taxes, remuneration and social security45 | - | - | - | €136,275 | - |
| Taxes450/3 | - | - | - | €136,275 | - |
| Other amounts payable47/48 | - | - | - | €4.6m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,082 | -€87,141 | -€127,285 | -€28,104 | ▲ 77.9% |
| + Depreciation and write-downs630 | €243,867 | €319,885 | €285,673 | €196,116 | ▼ 31.3% |
| Operating cash flow (approximation) | €244,949 | €232,744 | €158,389 | €168,012 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€2.7m | €23,612 | ▲ 101% |
| Change in cash | - | €104,089 | €63,838 | -€169,038 | ▼ 365% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
01-06
State Gazette act
Resignation: Montea Management (sole director)Appointments: Jo Huibrecht De Wolf (director) and AVX (director) · Permanent representative: Xavier Jenny Van Reeth · Statutes amendment13 facts ▸
State Gazette act
Resignation: Montea Management (sole director)
Appointments: Jo Huibrecht De Wolf (director) and AVX (director) · Permanent representative: Xavier Jenny Van Reeth · Statutes amendment13 facts ▸
- Statutes amendment
- Director resignation, Montea Management (sole director)
- Director discharge, Montea Management (director)
- Director appointment, Jo Huibrecht De Wolf (director)
- Director appointment, AVX (director)
- Permanent representative, Xavier Jenny Van Reeth (permanent representative)
- Power of attorney
- Power of attorney, Vincent Vroninks
- Board meeting, 19-05-2026
- Registered-office move, Alfons Van de Maelestraat 96,9320 Erembodegem
- General meeting, 20-05-2026
- Statutes amendment
- +1 further facts in this act
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
05-02
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 189 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet -€127,285
Net result drops to -€127,285, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
AVX
CurrentDirector · since 20-05-2026 · Private limited company (pre-2019) · perm. rep.: Xavier Jenny Van Reeth
Jo Huibrecht DE WOLF
CurrentDirector · since 20-05-2026
Permanent representatives 1
Xavier Jenny Van Reeth
CurrentPermanent representative · since 20-05-2026 · for AVX
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aalst · 2 establishment units since 1990
Ground area
5.9 ha
Building footprint
8,387 m²
Volume, LiDAR
56,904 m³
3 parcels, Flanders, Wallonia · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
2 establishment units
Industrieweg 118, 9032 Gent
since 19902.048.514.195
F.C.B. NV
since 20102.317.780.158
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57054C0625/00D000 | Wallonia | 3.5 ha | 1 · 919 m² | 13.4 m · 2 fl. |
| 44074C0352/00W000 | Flanders | 2.4 ha | 1 · 7,162 m² | 8.8 m · 2 fl. |
| 41342B0069/00L000 | Flanders | 307 m² | 1 · 307 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AVX |
|
| Jo Huibrecht DE WOLF |
|
| Montea Management |
|
Articles of association
Who signs
“In geval van delegatie van het dagelijks bestuur bepaalt het bestuursorgaan de vergoeding die aan deze opdracht is verbonden. Elke persoon belast met het dagelijks bestuur kan aan een lasthebber, zelf indien deze geen aandeelhouder of bestuurder is, zijn bevoegdheden in het kader van het dagelijks…”
Full text
In geval van delegatie van het dagelijks bestuur bepaalt het bestuursorgaan de vergoeding die aan deze opdracht is verbonden. Elke persoon belast met het dagelijks bestuur kan aan een lasthebber, zelf indien deze geen aandeelhouder of bestuurder is, zijn bevoegdheden in het kader van het dagelijks bestuur voor bijzondere en welbepaalde aangelegenheden overdragen.” • wijziging van het huidige artikel 18 (artikel 22 na voormelde hernummering) als volgt: “Artikel 22: Vertegenwoordiging van de vennootschap De vennootschap wordt in al haar handelingen, met inbegrip van de vertegenwoordiging in rechte, rechtsgeldig vertegenwoordigd door de enige bestuurder, of indien meerdere bestuurders werden benoemd, door twee gezamenlijk optredende bestuurders die geen bewijs van een voorafgaand besluit van de raad van bestuur moeten leveren. Voor al haar handelingen van het dagelijks bestuur, wordt de vennootschap rechtsgeldig vertegenwoordigd door een van de personen belast met het dagelijks bestuur (indien aangesteld), die ten aanzien van derden geen bewijs van een voorafgaand besluit van welk orgaan van de vennootschap ook moeten leveren. Bovendien is de vennootschap op geldige wijze vertegenwoordigd door bijzondere lasthebbers binnen de grenzen van hun opdracht.” • wijziging van het huidige artikel 19 (artikel 23 na voormelde hernummering) als volgt:
Other statement
Raad van bestuur-beraadslaging en besluitvorming, tenminste helft leden aanwezig of vertegenwoordigd
Notulen raad van bestuur-afschriften en uittreksels, beraadslagingen en beslissingen met inbegrip video- of telefoonconferentie vastgelegd in notulen
Bevoegdheden bestuursorgaan, handelingen waarvoor volgens statuten of wet alleen algemene vergadering bevoegd is
Dagelijks bestuur, bestuursorgaan belast met toezicht
Vergoeding bestuurders, onbezoldigd bij gebreke beslissing
Zetel of andere plaats vermeld in oproeping, organisatie en bijeenroeping algemene vergadering
Enige bestuurder of voorzitter raad van bestuur of bij afwezigheid oudste bestuurder, samenstelling bureau algemene vergadering
Deelneming algemene vergadering op afstand langs elektronische weg, door vennootschap ter beschikking gesteld elektronisch communicatiemiddel
Voorkeurrecht bij kapitaalverhoging en uitgifte, dag van de openstelling van de intekening
Verbintenis tot volstorting van aandelen, aangetekende brief
Statutes amendment
Liquidation rule
Benoeming van de vereffenaars, 40
Registered office clause
Vlaamse Gewest, bestuursorgaan
Board rule
Algemene vergadering, zes jaar
Voortijdige vacature, algemene vergadering benoemt nieuwe bestuurder
Vergadering van de raad van bestuur, belangen van de vennootschap vereisen
Structure & network
Owners and holdings
1 ownerChain of control
- MONTEA
- F.C.B.
Highest known parent: MONTEA. The sources do not say who stands above it.
Owners 1
- MONTEAparentSourceact 20-02-2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
6 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
CHALLENGE OFFICE PARK
via Jo Huibrecht DE WOLF · Director
→
Montea Green Energy Belgium
via Jo Huibrecht DE WOLF · Class A director
→
Montea GTE 1
via Jo Huibrecht DE WOLF · Director
→
Montea Management
via Jo Huibrecht DE WOLF · Permanent representative
→
Show 2 more companies with a shared director
Montea GTE 3
Shared corporate director
→
VWBG
Shared corporate director
→
Acquisitions and mergers
1 transactionTaken over by:Montea NV
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Company details
Identification
Legal formPublic limited company
Founded16-05-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
olivia.adins@transuniverse.beCelles (lez-Tournai)
Phone
0476808961Celles (lez-Tournai)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440810659
Also
9925:BE0440810659
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.