F.R.CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of F.R.CONSTRUCT is 1.5% (moderate). The 2025 annual accounts show equity of €124,396 and a net result of -€3,169. Equity has been growing by about 7.7% per year since 2018. Its solvency ranks better than 52% of 9,394 sector peers (NACE 41, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-12-2005 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment units
- 2.151.403.679 7170 Manage, since 30-01-2006
- 2.336.558.665 7100 La Louvière, since 21-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- €124,031
- ▼ 25.3%
- Turnover
- ≈ €410,000
- estimated
- Loss
- €3,169
- ▲ 79.9%
- Equity
- €124,396
- ▼ 2.5%
- Total assets
- €276,116
- ▼ 2.2%
- Employees on 31-12-2025
- 5
- =
- 2025 accounts filed 75 days after the deadline
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Last filed accounts filed 75 days late; 1 of the last 3 accounts lateSize: total assets €276,116lowers riskFounded in 2005Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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). It does better than 53% of them on solvency, 43% on liquidity, 27% on profitability and 32% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 75 days after the deadline Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00556704.
Annual accounts 2025 filed on 14-10-2026 at the NBB all 20 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 55% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 6 | 5 | 5 | 5 |
| full-time | 2 | 3 | 3 | 3 | 3 |
| part-time | 3 | 3 | 2 | 2 | 2 |
| in full-time equivalents | 3.3 | 4.3 | 3.8 | 3.8 | 3.8 |
| Average over the year, in full-time equivalents | 2.5 | 4 | 4.7 | 4 | 3.8 |
| On a permanent contract | 4 | 5 | 4 | 4 | 5 |
| Joined | 4 | 2 | 2 | 2 | 1 |
| Left | 2 | 2 | 3 | 2 | 1 |
| Training hours | - | - | 870 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | €4,355 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €155,263 | €38,000 | - | - | €4,169 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €11,066 | €15,845 | €13,069 | €13,069 | €13,806 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €67,412 | €114,507 | €157,391 | €138,020 | €106,729 | ▼ 22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,535 | €12,142 | €7,680 | €11,066 | €15,845 | €13,069 | €13,069 | €13,806 | ▲ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,664 | €3,919 | €4,855 | €5,108 | - | - |
| Other operating charges640/8 | - | - | - | €11,885 | €2,575 | €9,709 | €6,578 | €2,066 | ▼ 68.6% |
| Gross operating margin9900 | €118,774 | €62,325 | €99,447 | €161,710 | €213,652 | €139,506 | €165,961 | €124,031 | ▼ 25.3% |
| Operating profit (loss)9901 | €35,440 | -€3,619 | €8,800 | €66,684 | €76,806 | -€45,518 | €3,186 | €1,431 | ▼ 55.1% |
| Financial income75/76B | - | - | - | €0 | €1,668 | €177 | €142 | €4 | ▼ 97.5% |
| Recurring financial income75 | €0 | €13 | €8,101 | €0 | €1,668 | €177 | €142 | €4 | ▼ 97.5% |
| Financial charges65/66B | - | - | - | €3,877 | €5,179 | €13,081 | €4,821 | €4,342 | ▼ 9.9% |
| Recurring financial charges65 | €7,619 | €7,078 | €6,622 | €3,877 | €5,179 | €4,795 | €4,821 | €4,342 | ▼ 9.9% |
| Non-recurring financial charges66B | - | - | - | - | - | €8,286 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €27,822 | -€10,684 | €10,279 | €62,808 | €73,295 | -€58,422 | -€1,492 | -€2,907 | ▼ 94.8% |
| Income taxes67/77 | €2,824 | €220 | €0 | €16,251 | €18,983 | €285 | €269 | €262 | ▼ 2.7% |
| Profit (loss) for the period9904 | €24,998 | -€10,904 | €10,279 | €46,556 | €54,312 | -€58,707 | -€1,762 | -€3,169 | ▼ 79.9% |
| Profit (loss) for the period to be appropriated9905 | €24,998 | -€10,904 | €10,279 | €46,556 | €54,312 | -€58,707 | -€1,762 | -€3,169 | ▼ 79.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €196,574 | €190,444 | €191,666 | €323,229 | €347,409 | €298,387 | €282,301 | €276,116 | ▼ 2.2% |
| Fixed assets21/28 | €30,706 | €18,564 | €10,499 | €154,697 | €176,852 | €163,782 | €150,713 | €141,077 | ▼ 6.4% |
| Tangible fixed assets22/27 | €30,321 | €18,179 | €10,499 | €154,697 | €176,852 | €163,782 | €150,713 | €141,077 | ▼ 6.4% |
| Land and buildings22 | - | - | - | €147,512 | €169,915 | €159,257 | €148,599 | €137,941 | ▼ 7.2% |
| Plant, machinery and equipment23 | - | - | - | €5,200 | €1,097 | €754 | €412 | €2,793 | ▲ 578% |
| Furniture and vehicles24 | - | - | - | €1,985 | €5,840 | €3,771 | €1,702 | €342 | ▼ 79.9% |
| Financial fixed assets28 | €385 | €385 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €165,868 | €171,880 | €181,167 | €168,532 | €170,558 | €134,605 | €131,587 | €135,039 | ▲ 2.6% |
| Stocks and contracts in progress3 | €25,583 | €20,972 | €24,775 | €18,759 | €30,975 | €41,385 | €70,252 | €73,139 | ▲ 4.1% |
| Stocks30/36 | - | - | - | €18,759 | €30,975 | €41,385 | €70,252 | €73,139 | ▲ 4.1% |
| Amounts receivable within one year40/41 | €108,672 | €129,692 | €129,130 | €110,824 | €127,047 | €86,579 | €58,524 | €38,160 | ▼ 34.8% |
| Trade receivables40 | - | - | - | €75,324 | €127,047 | €82,827 | €58,524 | €32,951 | ▼ 43.7% |
| Other amounts receivable41 | - | - | - | €35,500 | €0 | €3,753 | €0 | €5,209 | - |
| Cash at bank and in hand54/58 | €28,442 | €18,045 | €26,662 | €38,948 | €12,196 | €6,641 | €2,811 | €17,740 | ▲ 531% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €339 | €0 | - | €6,000 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €196,574 | €190,444 | €191,666 | €323,229 | €347,409 | €298,387 | €282,301 | €276,116 | ▼ 2.2% |
| Equity10/15 | €87,791 | €76,887 | €87,165 | €133,722 | €188,034 | €129,327 | €127,565 | €124,396 | ▼ 2.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| 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 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €67,331 | €56,427 | €66,705 | €113,262 | €167,574 | €108,867 | €107,105 | €103,936 | ▼ 3.0% |
| Amounts payable17/49 | €108,784 | €113,558 | €104,501 | €189,507 | €159,375 | €169,061 | €154,736 | €151,720 | ▼ 1.9% |
| Amounts payable after more than one year17 | €33,610 | €22,607 | €0 | €90,237 | €84,346 | €78,321 | €72,159 | €66,122 | ▼ 8.4% |
| Financial debts170/4 | - | - | - | €90,237 | €84,346 | €78,321 | €72,159 | €66,122 | ▼ 8.4% |
| Amounts payable within one year42/48 | €75,173 | €90,950 | €104,501 | €99,270 | €75,029 | €90,200 | €82,577 | €85,597 | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,994 | €5,891 | €6,025 | €5,852 | €25,732 | ▲ 340% |
| Financial debts43 | - | - | - | €0 | - | - | €7,228 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0 | - | - | €7,228 | €0 | ▼ 100% |
| Trade debts44 | €50,023 | €67,507 | €35,317 | €58,720 | €32,151 | €48,555 | €36,060 | €41,454 | ▲ 15.0% |
| Suppliers440/4 | - | - | - | €58,720 | €32,151 | €48,555 | €36,060 | €41,454 | ▲ 15.0% |
| Taxes, remuneration and social security45 | - | - | - | €18,536 | €26,157 | €27,523 | €26,140 | €17,315 | ▼ 33.8% |
| Taxes450/3 | - | - | - | €14,581 | €21,859 | €15,906 | €12,431 | €1,788 | ▼ 85.6% |
| Remuneration and social security454/9 | - | - | - | €3,955 | €4,297 | €11,617 | €13,709 | €15,527 | ▲ 13.3% |
| Other amounts payable47/48 | - | - | - | €16,019 | €10,831 | €8,097 | €7,298 | €1,096 | ▼ 85.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €539 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,998 | -€10,904 | €10,279 | €46,556 | €54,312 | -€58,707 | -€1,762 | -€3,169 | ▼ 79.9% |
| + Depreciation and write-downs630 | €12,535 | €12,142 | €7,680 | €11,066 | €15,845 | €13,069 | €13,069 | €13,806 | ▲ 5.6% |
| Operating cash flow (approximation) | €37,532 | €1,238 | €17,958 | €57,622 | €70,157 | -€45,638 | €11,307 | €10,636 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €0 | €385 | -€155,263 | -€38,000 | €0 | €0 | -€4,169 | - |
| Change in cash | - | -€10,397 | €8,616 | €12,287 | -€26,753 | -€5,555 | -€3,830 | €14,928 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as F.R.CONSTRUCT has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of F.R.CONSTRUCT itself is higher: 1.5% within 12 months. It rests on far more data about F.R.CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for F.R.CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-10-2026 | 2026-00556704 | |
| 31-12-2024 | micro format | 12-08-2025 | 2025-00381580 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00450952 | |
| 31-12-2022 | micro format | 06-09-2023 | 2023-00440983 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20106366 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35600042 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42600106 | |
| 31-12-2018 | micro format | 20-08-2019 | 2019-49700307 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49900510 | |
| 31-12-2016 | micro format | 20-09-2017 | 2017-61600251 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RUIU Alessandro |
|
| RUIU Franco Mauro |
|
Network & group
F.R.CONSTRUCT shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of F.R.CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-08
Gazette deed
Resignation: RUIU Franco Mauro (director)Attendance · Agenda5 points ▸
- General meeting, 30-09-2024
- Attendance, “actionnaire, actionnaire” (deed in French)
- Attendance, “actionnaire et Administrateur, actionnaire et Administrateur” (deed in French)
- Agenda, “La démission de M. RUIU Franco Mauro du poste d'Aministrateur de la société pour raison médicale” (deed in French)
- Director resignation, RUIU Franco Mauro (director)
08-12
Gazette deed
Change of role: RUIU Franco, from manager to administrateur non statutaireAppointment: RUIU Alessandro (administrateur non statutaire) · Capital conversion · Purpose change16 points ▸
- General meeting, 20-11-2023
- Other provision, “adaptation statuts aux dispositions du Code des sociétés et des associations, SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression compte de capitaux propres statutairement indisponible, fonds rendus disponibles pour distribution” (deed in French)
- Other provision, “dispense de lecture du rapport de l’organe d’administration”, 20-11-2023 (deed in French)
- Purpose change
- Amendment of the articles
- Capital
- Director resignation, RUIU Franco (manager)
- Director discharge, RUIU Franco
- Board rule, 2
- Director appointment, RUIU Franco (administrateur non statutaire)
- The act holds 4 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing 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. Use the enterprise number 0878.282.144
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55015A0163/00P010 | Wallonia | 5,023 m² | 1 · 811 m² | 12.9 m · 4 |
| 52006A0442/00K003 | Wallonia | 1,585 m² | 1 · 126 m² | 11.7 m · 3 |