F&C PROPERTIES
ActiveSummary
F&C PROPERTIES has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €406k and a net result of €-97k. Its solvency ranks better than 30% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▲+56
Solvency37▲+15
Growth78
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.86 in 2023; short-term debt: 18% and cash: 0% of total assets), and 87.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2024Solvency, return and age of the figures
Solvency
12.1%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
100 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, abbreviated schema
Equity
€406k
2023 · €-110k
Total assets
€3.36M▼ 13.5%
2023 · €3.88M
Net result
€-97k▲ 69.7%
2023 · €-321k
Working capital
€-248k▼ 9.5%
2023 · €-226k
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
Line20232024
Operating result€-291k-€-97k▲ 66.8%
Net result€-321k-€-97k▲ 69.7%
Equity€-110k-€406k
Total assets€3.88M-€3.36M▼ 13.5%
Debt€3.99M-€2.95M▼ 26.0%
Working capital€-226k-€-248k▼ 9.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €97k in 2024 against €291k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.36M
Fixed assets
€3.00M ▲ 21.8%
Current assets
€356k ▼ 74.8%
Equity and liabilities €3.36M
Equity
€406k
Debt
€2.95M
Debt finances 87.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€3k▲
2023 · €-228k
Cash flow
€3k▲
2023 · €-259k
Current ratio
0.59▼
2023 · 0.86
Debt to equity
7.28▲
2023 · -36.38
ROE
-23.9%
ROA
-2.9%▲
2023 · -8.3%
Interest coverage
5.89▲
2023 · -7.55
Debt ≤ 1 year
€604k▼
2023 · €1.64M
Debt > 1 year
€2.35M=
2023 · €2.35M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €100k | ▲ 59.9% |
| Other operating charges640/8 | €3k | €31k | ▲ 899% |
| Gross operating margin9900 | €-225k | €34k | ▲ 115% |
| Operating profit (loss)9901 | €-291k | €-97k | ▲ 66.8% |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €30k | €551 | ▼ 98.2% |
| Recurring financial charges65 | €30k | €551 | ▼ 98.2% |
| Profit (loss) for the period before taxes9903 | €-321k | €-97k | ▲ 69.7% |
| Profit (loss) for the period9904 | €-321k | €-97k | ▲ 69.7% |
| Profit (loss) for the period to be appropriated9905 | €-321k | €-97k | ▲ 69.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3.88M | €3.36M | ▼ 13.5% |
| Fixed assets21/28 | €2.47M | €3.00M | ▲ 21.8% |
| Intangible fixed assets21 | €470 | €35 | ▼ 92.6% |
| Tangible fixed assets22/27 | €2.47M | €3.00M | ▲ 21.8% |
| Land and buildings22 | €2.47M | €2.98M | ▲ 21.0% |
| Furniture and vehicles24 | - | €19k | - |
| Current assets29/58 | €1.42M | €356k | ▼ 74.8% |
| Amounts receivable within one year40/41 | €164k | €214k | ▲ 30.5% |
| Trade receivables40 | €164k | €214k | ▲ 30.5% |
| Cash at bank and in hand54/58 | €1.24M | €11 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | €13k | €143k | ▲ 1,037% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3.88M | €3.36M | ▼ 13.5% |
| Equity10/15 | €-110k | €406k | ▲ 470% |
| Contributions10/11 | €20k | €20k | = |
| Revaluation surpluses12 | €191k | €804k | ▲ 320% |
| Profit (loss) carried forward14 | €-321k | €-418k | ▼ 30.3% |
| Amounts payable17/49 | €3.99M | €2.95M | ▼ 26.0% |
| Amounts payable after more than one year17 | €2.35M | €2.35M | = |
| Financial debts170/4 | €2.35M | €2.35M | = |
| Amounts payable within one year42/48 | €1.64M | €604k | ▼ 63.2% |
| Trade debts44 | €98k | €187k | ▲ 91.5% |
| Suppliers440/4 | €98k | €187k | ▲ 91.5% |
| Other amounts payable47/48 | €1.54M | €417k | ▼ 73.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-321k | €-97k | ▲ 69.7% |
| + Depreciation and write-downs630 | €63k | €100k | ▲ 59.9% |
| Operating cash flow (approximation) | €-259k | €3k | ▲ 101% |
| Investment in fixed assets (approximation) | - | €-637k | - |
| Change in cash | - | €-1.24M | - |
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
2026
12-08
State Gazette act
Resignation: Martine VERHOEVEN (director)Appointment: Wolfram MACHARIS (director) · Registered-office move4 facts ▸
State Gazette act
Resignation: Martine VERHOEVEN (director)
Appointment: Wolfram MACHARIS (director) · Registered-office move4 facts ▸
- General meeting, 25/07/2026
- Director resignation, Martine VERHOEVEN (director)
- Director appointment, Wolfram MACHARIS (director)
- Registered-office move, 9991 Maldegem, Rootweg 30
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 47 days late
2024
31-12
Financial
Equity above €200kEq €406k
Equity rises from €-110k to €406k.
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 100 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Wolfram MACHARIS
CurrentDirector · since 25-07-2026
12-08-2026
Martine VERHOEVEN: Resigned as Director
25-07-2026
Wolfram MACHARIS: Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 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, Maldegem · 1 establishment unit since 2023
Ground area
2.7 ha
Building footprint
55 m²
Volume, LiDAR
171 m³
2 parcels, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
F&C PROPERTIES
since 20232.340.884.469
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H1192/00A000 | Flanders | 2.5 ha | - | - |
| 22552E0043/00E045 | Flanders | 2,213 m² | 1 · 55 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 5,050 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68329Real estate activities
Contact
E-mail
cedric@cts-properties.be
Phone
0475480206
E-mail
cedric@cst-properties.beSint-Genesius-Rode
Scores and ratios are computed by Checked and are not a credit decision.