F.S. CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of F.S. CONSTRUCT is 4.1% (elevated). The 2025 annual accounts show equity of €72,196 and a net result of €275. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 82% of 9,316 sector peers (NACE 41, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €72,196
- Profit
- €275
Why 48raises riskLast filed accounts filed 3 days late; 2 of the last 3 late1 change of registered office in 24 monthsLiquidity: current ratio 3.76, cash €9Sector: Construction of residential and non-residential buildings (NACE 41)Show the evidence
Checked score
About 4 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 41, micro): better than 82% on solvency, 36% on liquidity, 23% on profitability and 37% on growth.
The bankruptcy probability was computed on 25-10-2026 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 63 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (3 days) Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00374477.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €2,053 after €23,685 in 2024.
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 41, Construction of residential and non-residential buildings: 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 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 4.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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 10,905 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 | - | - | €151,109 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €148,906 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,521 | €3,169 | €3,169 | - | €3,169 | - | - | - |
| Other operating charges640/8 | - | - | €726 | - | €491 | €617 | €547 | ▼ 11.4% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €19,253 | €10,119 | €2,203 | €32,862 | -€980 | €24,302 | -€1,506 | - |
| Operating profit (loss)9901 | €14,697 | €6,337 | -€1,692 | €32,862 | -€4,640 | €23,685 | -€2,053 | - |
| Financial income75/76B | - | - | €1,792 | €3,589 | €3,149 | €3,738 | €3,401 | ▼ 9.0% |
| Recurring financial income75 | €1,718 | €1,655 | €1,792 | €3,589 | €3,149 | €3,738 | €3,401 | ▼ 9.0% |
| Non-recurring financial income76B | - | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | €1,172 | €1,782 | €1,994 | €917 | €1,073 | ▲ 17.0% |
| Recurring financial charges65 | €2,015 | €2,202 | €1,172 | €1,782 | €1,994 | €917 | €1,073 | ▲ 17.0% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €14,400 | €5,789 | -€1,072 | €34,668 | -€3,485 | €26,506 | €275 | ▼ 99.0% |
| Income taxes67/77 | €1,632 | €1,421 | €7,076 | - | - | €19,913 | - | - |
| Profit (loss) for the period9904 | €12,768 | €4,368 | -€8,149 | €34,668 | -€3,485 | €6,593 | €275 | ▼ 95.8% |
| Profit (loss) for the period to be appropriated9905 | €12,768 | €4,368 | -€8,149 | €34,668 | -€3,485 | €6,593 | €275 | ▼ 95.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €78,661 | €58,288 | €91,958 | €101,835 | €88,999 | €102,622 | €98,396 | ▼ 4.1% |
| Fixed assets21/28 | €12,674 | €9,506 | €6,337 | €3,169 | - | - | - | - |
| Tangible fixed assets22/27 | €12,674 | €9,506 | €6,337 | €3,169 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €6,337 | €3,169 | - | - | - | - |
| Leasing and similar rights25 | - | - | €0 | - | - | - | - | - |
| Current assets29/58 | €65,987 | €48,782 | €85,620 | €98,666 | €88,999 | €102,622 | €98,396 | ▼ 4.1% |
| Amounts receivable within one year40/41 | €63,857 | €45,992 | €85,620 | €98,654 | €88,999 | €102,600 | €98,387 | ▼ 4.1% |
| Trade receivables40 | - | - | €39,738 | €40,384 | €26,802 | €39,740 | €35,464 | ▼ 10.8% |
| Other amounts receivable41 | - | - | €45,883 | €58,269 | €62,198 | €62,860 | €62,923 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €2,130 | €2,790 | €0 | €0 | €0 | €10 | €9 | ▼ 4.2% |
| Deferred charges and accrued income490/1 | - | - | - | €13 | - | €13 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €78,661 | €58,288 | €91,958 | €101,835 | €88,999 | €102,622 | €98,396 | ▼ 4.1% |
| Equity10/15 | €37,925 | €42,293 | €34,145 | €68,813 | €65,328 | €71,921 | €72,196 | ▲ 0.4% |
| Contributions10/11 | €100 | - | €100 | €100 | €100 | €100 | €100 | = |
| Contributions outside capital11 | - | - | €100 | - | - | - | - | - |
| Share premium1100/10 | - | - | €100 | - | - | - | - | - |
| Reserves13 | €10,213 | €11,305 | €11,305 | €11,305 | €11,305 | €11,305 | €11,305 | = |
| Non-distributable reserves130/1 | - | - | €11,305 | €11,305 | €11,305 | €11,305 | €11,305 | = |
| Reserves not available under the articles1311 | - | - | - | €11,305 | €11,305 | €11,305 | €11,305 | = |
| Other1319 | - | - | €11,305 | - | - | - | - | - |
| Profit (loss) carried forward14 | €27,612 | €30,888 | €22,740 | €57,408 | €53,924 | €60,517 | €60,791 | ▲ 0.5% |
| Amounts payable17/49 | €40,736 | €15,995 | €57,813 | €33,022 | €23,671 | €30,701 | €26,200 | ▼ 14.7% |
| Amounts payable after more than one year17 | €20,191 | €12,588 | €5,834 | €2,202 | - | - | - | - |
| Financial debts170/4 | - | - | €5,834 | €2,202 | - | - | - | - |
| Amounts payable within one year42/48 | €20,546 | €3,407 | €51,979 | €30,820 | €23,671 | €30,701 | €26,200 | ▼ 14.7% |
| Current portion of amounts payable after more than one year42 | - | - | €3,459 | - | €2,202 | - | - | - |
| Financial debts43 | - | - | €4,777 | €5,585 | €3,348 | €2,631 | €5,050 | ▲ 92.0% |
| Credit institutions430/8 | - | - | €4,777 | €5,585 | €3,348 | €2,631 | €5,050 | ▲ 92.0% |
| Trade debts44 | €15,377 | €731 | €43,743 | €25,235 | €16,821 | €25,180 | €21,150 | ▼ 16.0% |
| Suppliers440/4 | - | - | €43,743 | €25,235 | €16,821 | €25,180 | €21,150 | ▼ 16.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €1,300 | €2,890 | - | - |
| Taxes450/3 | - | - | €0 | - | - | - | - | - |
| Remuneration and social security454/9 | - | - | €0 | - | €1,300 | €2,890 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,768 | €4,368 | -€8,149 | €34,668 | -€3,485 | €6,593 | €275 | ▼ 95.8% |
| + Depreciation and write-downs630 | €3,521 | €3,169 | €3,169 | - | €3,169 | - | - | - |
| Operating cash flow (approximation) | €16,289 | €7,537 | -€4,980 | €34,668 | -€316 | €6,593 | €275 | ▼ 95.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €3,169 | - | - | - | - |
| Change in cash | - | €660 | -€2,790 | €0 | €0 | €10 | -€0 | - |
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 (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 03-08-2026 | 2026-00374477 |
| 31-12-2024 | micro format | 28-09-2025 | 2025-00518436 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00427230 |
| 31-12-2022 | micro format | 21-12-2023 | 2023-00537349 |
| 31-12-2021 | micro format | 14-10-2022 | 2022-20467469 |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35600512 |
| 31-12-2019 | micro format | 23-12-2020 | 2020-77000232 |
| 31-12-2017 | full format | 13-08-2018 | 2018-45200187 |
| 31-12-2016 | full format | 28-07-2017 | 2017-38300121 |
| 31-12-2015 | full format | 21-11-2016 | 2016-68100539 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RIBEIRO DA SILVA Carlos José |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 20-03-2026
- Registered-office move, Avenue de l'Atlantique 104 boîte 02, 1150 Woluwe-Saint-Pierre
05-01
Gazette deed
Resignation: RIBEIRO DA SILVA Carlos José (manager)Appointment: RIBEIRO DA SILVA Carlos José (director) · Amendment of the articles · Capital conversion17 facts ▸
- General meeting, “assemblée générale extraordinaire des actionnaires” (deed in French)
- Amendment of the articles (2 times)
- Amendment of the articles, 1
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres disponibles” (deed in French)
- Declaration, “libération seulement dans le respect de la procédure de distribution, information sur mise à disposition du compte de capitaux propres” (deed in French)
- Declaration, “remboursement de fonds propres, avant la signature de l’acte” (deed in French)
- Declaration, “VVPRbis, libération complète du capital initialement souscrit” (deed in French)
- Amendment of the articles, 5
- Amendment of the articles, 2
- Capital
- Director resignation, RIBEIRO DA SILVA Carlos José (manager)
- +5 further facts in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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 0848.519.277
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21684B0050/00S007 | Brussels | 544 m² | 1 · 88 m² | 14.1 m · 4 |
| 21007A0063/00D008 | Brussels | 249 m² | 1 · 188 m² | 18.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’exploitation de restaurant, snack, friterie, pizzeria, salon de consommation, taverne, brasserie, débit de boissons, ainsi que…” (deed in French)
43 activities (deed in French)
- L’exploitation de restaurant, snack, friterie, pizzeria, salon de consommation, taverne, brasserie, débit de boissons, ainsi que l’importation, l’achat, la vente et le commerce en général de denrées alimentaires et de boissons alcoolisées ou non alcoolisées ; accessoirement et éventuellement, l’exploitation d’hôtels et de tout ce qui est relatif à de pareilles activités. La société peut donc avoir pour objet tout ce qui touche à l’Horeca, l’importation et l’exportation ;
- L’achat, la vente, la revente, l’échange, le courtage, le lotissement, la mise en valeur, la construction, la reconstruction, la rénovation, la décoration intérieure, la démolition, la transformation, l’aménagement, l’exploitation, la dation ou prise à bail ou emphytéose, la location et la gérance, la gestion et l’administration de tous immeubles bâtis en Belgique ou à l’étranger, meublés ou non et d’une manière générale toutes les opérations civiles et commerciales en rapport avec l’immobilier ;
- Toutes opérations généralement quelconques se rapportant, directement ou indirectement, au développement de services à l’intérieur ou à l’extérieur de la Belgique dans le domaine des télécommunications et de l’internet ; la fabrication, la location, l’achat, la vente en gros, demi gros ou au détail, la représentation, la distribution, le service, le conditionnement de tous appareils de télécommunication, l’exploitation de téléboutique ;
- La création, la gestion et l’exploitation, pour compte propre et/ou pour compte d’autrui, de salon de coiffure, ainsi que la représentation, la vente et la distribution, pour compte propre et/ou pour compte d’autrui, des articles accessoires à la coiffure ;
- Le commerce, la représentation ou la distribution, pour compte propre et/ou pour compte d’autrui, de produits de beauté ou de soins pour la peau ou le cheveu ;
- Le transport national et international sous toutes ses formes et par tous moyens, de toutes marchandises et produit dont la charge nette n’excède pas cinq cents kilogrammes ;
- La diffusion de la culture par différents moyens qui comprennent l’apprentissage des techniques artistiques, la présentation de spectacle, l’animation culturelle et créative ainsi que toutes les opérations et activités ayant un rapport au domaine musical ;
- La vente, achat, import, export, location et entretien de films, vidéos, (videoclub) ;
- L’exploitation d’un atelier spécial de l’industrie des fabrications métalliques ;
- L’exploitation d’un atelier de réparation de matériel électrique et radioélectrique d’appareils automatiques de distribution et de jeux mécaniques uniquement pour le courant faible ;
- La fabrication d’appareils d’alarme et de sécurité, d’appareils utilisés dans un système d’alarme ou de sécurité, y compris le placement et uniquement sur véhicules ;
- L’installation de chauffage central ;
- L’entreprise de plafonnage cimenterie ;
- L’entreprise de peinture ;
- L’entreprise de maçonnerie et de béton, coffrage, ferraillage, etc ;
- L’entreprise de carrelage ;
- L’entreprise de menuiserie et de châssis ainsi que le commerce de tous les produits y relatif ;
- L’entreprise de vitrage ;
- L’installation de sanitaire et de plomberie ;
- L’installation de chauffage au gaz par appareil individuel ;
- L’entreprise de zinguerie et de couvertures métalliques de construction ;
- L’entreprise d’étanchéité de constructions ;
- L’entreprise de travaux de démolition ;
- L’entreprise de placement, de montage et démontage, d’entretien et de réparation d’enseignes lumineuses et publicitaires ;
- Le commerce de détail de tout matériel se rapportant à ses activités ;
- L’achat, la vente, l’importation, l’exportation, la distribution et le commerce en général d’objets d’antiquité et de brocante, d’objets mobiliers, meublants, décoratifs et design ainsi que la décoration intérieure et extérieure de tous immeubles ;
- L’achat, la vente, l’importation, l’exportation, la distribution et le commerce en général de vêtements et de chaussures pour hommes, femmes et enfants ;
- L’aménagement des jardins, parcs, terrains et terrasses ;
- L’activité de nettoyage industriel et privé, tel que le nettoyage de bureaux, maisons, usines et, en général, de tout bien immeuble et de toute installation industrielle ;
- L’exploitation d’une agence de publicité, distribution et imprimerie, etc. ;
- Tout commerce de marché ambulant ;
- La négociation, la commission et la représentation ;
- La distribution de toutes marchandises et par tous moyens ;
- Le marketing et consulting ;
- L’achat, la vente, l’importation, l’exportation, la vente à tempérament, la location à court et à long terme sous toutes modalités, ainsi que le commerce sous toutes ses formes, de véhicules automobiles, de quelque nature qu’ils soient, neufs et d’occasion et de tout article se rattachant à l’industrie automobile ou mécanique ;
- L’achat, la vente, l’importation, l’exportation de toutes marchandises, de tous matériels et tous sortes de papiers, papeterie ;
- L’exploitation de garages, d’ateliers d’entretien et de réparation de ces véhicules, de même que l’exploitation de magasins de pièces de rechange et d’accessoires pour l’automobile, ainsi que l’exploitation d’un ou plusieurs carwash ;
- L’exploitation des stations et des pompes à essence et à diesel et au LPG ;
- La vente en gros ou au détail, l’importation et l’exportation, la réparation, la vulcanisation, le montage de pneus pour véhicules à moteur ou autres ;
- La vente en gros ou au détail de jantes ;
- L’exploitation d’une boucherie, découpage, désossage ;
- L’intermédiation commerciale ;
- L’étude, le conseil, l’expertise, l’ingénierie et toutes prestations de services dans le cadre des activités pré décrites.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Personnes physiques ou morales,actionnaires ou non, assemblée qui nomme” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Mêmes formalités si non actionnaires de plein droit, sans recours” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pouvoirs et émoluments, administrateurs en fonction” (deed in French)