F.D.A. CONSTRUCT
ActiveFrom the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of F.D.A. CONSTRUCT is 2.3% (moderate). The 2025 annual accounts show equity of €243,183 and a net result of €10,058. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 60% of 34,855 sector peers (NACE 43, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 15-11-2018 Normal situation
- Legal form
- Private limited company
- Registered office
- Barricadenplein 1, 1000 Brussel
- Activity
- Other specialised construction activities NACE 43990and 1 other
- Establishment unit
- 2.282.203.330 1020 Brussel, since 15-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 10-02-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 2.3%
- Gross margin
- €33,844
- ▼ 58.7%
- Turnover
- ≈ €290,000
- estimated
- Profit
- €10,058
- ▼ 74.6%
- Equity
- €243,183
- ▲ 4.3%
- Total assets
- €439,074
- ▼ 46.5%
- Staff
- ≈ 0 FTE
- estimated
Why 52raises risk2 of the last 3 late1 change of registered office in 24 monthsLiquidity: current ratio 2.20, cash €13,100Founded in 2018Show the evidence
Checked score
About 2 in 100 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 43, micro): better than 60% on solvency, 20% on liquidity, 26% on profitability and 45% on growth.
The bankruptcy probability was computed on 31-10-2026 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).
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Signals
This company filed its last 7 accounts on average 299 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 31-07-2026
- Format
- micro format
- Reference
- 2026-00368426
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 55% below 2024 and is 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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).
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 5,047 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.5m | €1.3m | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0.003m | €0.004m | €0.001m | €165 | €0.001m | ▲ 488% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €201 | €0.007m | €0.01m | €0.01m | €0.008m | €0.002m | €0.002m | ▼ 19.7% |
| Other operating charges640/8 | - | - | €0.003m | €0.004m | €0.01m | €0.01m | €266 | ▼ 97.6% |
| Gross operating margin9900 | €0.04m | €0.08m | €0.1m | €0.08m | €0.1m | €0.08m | €0.03m | ▼ 58.7% |
| Operating profit (loss)9901 | €0.04m | €0.07m | €0.1m | €0.06m | €0.08m | €0.07m | €0.03m | ▼ 54.9% |
| Financial income75/76B | - | - | - | €0 | €0 | - | - | - |
| Recurring financial income75 | €384 | €150 | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | €0.03m | €0.02m | €0.01m | €0.003m | €0.008m | ▲ 187% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.03m | €0.02m | €0.01m | €0.003m | €0.008m | ▲ 187% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.05m | €0.09m | €0.04m | €0.07m | €0.07m | €0.02m | ▼ 65.5% |
| Income taxes67/77 | €0.005m | €0.02m | €0.03m | €0.02m | €0.03m | €0.03m | €0.01m | ▼ 52.0% |
| Profit (loss) for the period9904 | €0.02m | €0.04m | €0.06m | €0.03m | €0.05m | €0.04m | €0.01m | ▼ 74.6% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.04m | €0.06m | €0.03m | €0.05m | €0.04m | €0.01m | ▼ 74.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.1m | €0.8m | €1.3m | €1.1m | €0.9m | €0.8m | €0.4m | ▼ 46.5% |
| Fixed assets21/28 | €0.002m | €0.03m | €0.02m | €0.02m | €0.01m | €0.01m | €0.008m | ▼ 15.7% |
| Tangible fixed assets22/27 | €0.002m | €0.03m | €0.02m | €0.01m | €0.003m | €0.003m | €0.001m | ▼ 54.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.001m | €0.001m | ▼ 35.4% |
| Furniture and vehicles24 | - | - | €0.02m | €0.01m | €0.003m | €0.002m | €0.001m | ▼ 66.2% |
| Financial fixed assets28 | - | €0.001m | €0.003m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Current assets29/58 | €0.1m | €0.7m | €1.3m | €1.1m | €0.8m | €0.8m | €0.4m | ▼ 46.9% |
| Amounts receivable within one year40/41 | €0.08m | €0.6m | €1.2m | €1.0m | €0.8m | €0.8m | €0.4m | ▼ 48.5% |
| Trade receivables40 | - | - | €1.2m | €1.0m | €0.7m | €0.7m | €0.2m | ▼ 64.9% |
| Other amounts receivable41 | - | - | €0.03m | €0.07m | €0.1m | €0.1m | €0.2m | ▲ 24.0% |
| Cash at bank and in hand54/58 | €0.01m | €0.04m | €0.03m | €0.02m | €0.002m | €0.006m | €0.01m | ▲ 131% |
| Deferred charges and accrued income490/1 | - | - | €0.02m | €0.01m | - | €0.006m | €0.006m | ▼ 0.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.1m | €0.8m | €1.3m | €1.1m | €0.9m | €0.8m | €0.4m | ▼ 46.5% |
| Equity10/15 | €0.02m | €0.06m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 4.3% |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Capital10 | - | - | €0.006m | - | - | - | - | - |
| Issued capital100 | - | - | €0.02m | - | - | - | - | - |
| Uncalled capital101 | - | - | €0.01m | - | - | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.04m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | - | €0.04m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | €0.02m | €0.05m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 6.5% |
| Amounts payable17/49 | €0.07m | €0.7m | €1.2m | €0.9m | €0.7m | €0.6m | €0.2m | ▼ 66.7% |
| Amounts payable after more than one year17 | - | €0.01m | €0.003m | - | - | - | - | - |
| Financial debts170/4 | - | - | €0.003m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.07m | €0.7m | €1.2m | €0.9m | €0.7m | €0.6m | €0.2m | ▼ 66.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0.007m | €0.003m | - | - | - | - |
| Trade debts44 | €0.07m | €0.7m | €1.1m | €0.9m | €0.6m | €0.5m | €0.1m | ▼ 78.0% |
| Suppliers440/4 | - | - | €0.02m | €0.1m | €0.1m | €0.07m | €0.009m | ▼ 86.5% |
| Bills of exchange payable441 | - | - | €1.1m | €0.8m | €0.5m | €0.4m | €0.09m | ▼ 76.4% |
| Taxes, remuneration and social security45 | - | - | €0.04m | €0.04m | €0.07m | €0.07m | €0.05m | ▼ 20.6% |
| Taxes450/3 | - | - | €0.04m | €0.04m | €0.07m | €0.07m | €0.05m | ▼ 20.6% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.03m | €0.07m | €0.04m | ▼ 36.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,316 | €38,062 | €60,101 | €25,605 | €45,265 | €39,577 | €10,058 | ▼ 74.6% |
| + Depreciation and write-downs630 | €201 | €6,723 | €12,122 | €12,642 | €7,637 | €1,909 | €1,533 | ▼ 19.7% |
| Operating cash flow (approximation) | €18,517 | €44,785 | €72,223 | €38,247 | €52,901 | €41,485 | €11,590 | ▼ 72.1% |
| Investment in fixed assets (approximation) | - | -€34,586 | -€5,463 | -€7,389 | €0 | -€1,826 | €0 | - |
| Change in cash | - | €22,421 | -€8,856 | -€5,483 | -€20,633 | €3,491 | €7,428 | ▲ 113% |
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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00368426 | NBB |
| 31-12-2024 | micro format | 06-01-2026 | 2026-00001610 | |
| 31-12-2023 | micro format | 09-12-2025 | 2025-00578051 | |
| 31-12-2022 | micro format | 08-12-2025 | 2025-00577644 | |
| 31-12-2021 | micro format | 31-07-2023 | 2023-00296490 | |
| 31-12-2020 | micro format | 29-10-2021 | 2021-74900180 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73400488 |
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
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PALESNIC Ioan |
|
| Pop Vasile |
|
| Palesnic Ioan-Cosmin |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales,actionnaires ou non”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée désigner liquidateurs et déterminer pouvoirs et émoluments, administrateurs en fonction”
Articles of association, deed of 24-04-2024 (in French)
Owners and capital
Capital and shareholders
- Pop Vasile 100 shares
- 24-04-2024 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs,proportionnellement au nombre d'actions acquises s'ils sont plusieurs…”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 24-04-2024 (in French)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-09
Gazette deed
Resignation: Palesnic Ioan-Cosmin (director)Appointment: Pop Vasile (director) · Registered-office move · Shareholding5 facts ▸
- General meeting, 09-07-2026
- Director resignation, Palesnic Ioan-Cosmin (director)
- Director appointment, Pop Vasile (director)
- Registered-office move, 1000 Bruxelles, Place des Barricades 1 bte 19
- Shareholding, 09-07-2026, “parts” (deed in French)
24-04
Gazette deed
Resignation: PALESNIC Ioan (manager)Reappointment: PALESNIC Ioan (director) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 15-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Registered-office move, 1080 Molenbeek-Saint-Jean,Rue Le Lorrain 110
- Director resignation, PALESNIC Ioan (manager)
- Director reappointment, PALESNIC Ioan (director (not named in the articles))
- Director discharge, PALESNIC Ioan
- Registered office clause, “1080 Molenbeek-Saint-Jean, Rue Le Lorrain 110” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
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 0713.567.434
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- 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.D.A. CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of May at 18:00
Articles of association, deed of 24-04-2024 (in French)
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0379/00S000 | Brussels | 429 m² | 1 · 404 m² | 19.4 m · 5 |
| 21815D0036/00M009 | Brussels | 156 m² | 1 · 111 m² | 17.3 m · 5 |
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.