F-TECH

Active

Private limited companyfounded 201411 yrs activeBaugnez-Route de Waimes 100, 4960 Malmedy, BelgiumKBO/BCE: BE 0563.917.418

F-TECH has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €653k and a net result of €137k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 2149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

81 / 100

Excellent▼ -3 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+12

Solvency54▼-7

Growth78=

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €55k at 30 days acceptable

Liquidity tight (current ratio 1.13 against 1.15 in 2024), and 67.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32.5%

Return on assets

6.8%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

10 d early

2024

2 d early

2023

30 d early

2022

12 d early

2021

29 d late

2020

11 d early

2019

23 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€137k▲ 36.6%

2024 · €100k

2018: €93k 2019: €34k 2020: €30k 2021: €62k 2022: €44k 2023: €73k 2024: €100k

2018 → 2025

Working capital

€98k▲ 43.8%

2024 · €68k

2018: €-49k 2019: €-15k 2020: €-20k 2021: €76k 2022: €98k 2023: €41k 2024: €68k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€375k-€410k▲ 9.2%€474k▲ 15.6%€567k▲ 19.6%€653k▲ 15.2%

Operating result€64k-€54k▼ 15.7%€97k▲ 79.4%€135k▲ 40.0%€165k▲ 22.1%

Net result€62k-€44k▼ 29.8%€73k▲ 65.9%€100k▲ 37.4%€137k▲ 36.6%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.01M

57.5%

42.5%

Fixed assets €1.16M▲ 13.9%

Current assets €853k▲ 66.2%

Equity and liabilities €2.01M

32.5%

67.2%

Equity €653k▲ 15.2%

Provisions €4k

Debt €1.35M▲ 40.6%

The debt ratio rises from 62.9% to 67.2%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€335k▲

2024 · €260k

Cash flow

€306k▲

2024 · €224k

Solvency

32.5%▼

2024 · 37.1%

Current ratio

1.13▼

2024 · 1.15

Quick ratio

0.62▼

2024 · 0.79

Debt / equity

2.07▲

2024 · 1.69

ROE

20.9%▲

2024 · 17.6%

ROA

6.8%▲

2024 · 6.5%

Interest coverage

8.82▼

2024 · 10.02

Debt

€1.35M▲

2024 · €960k

Debt ≤ 1 year

€755k▲

2024 · €445k

Debt > 1 year

€590k▲

2024 · €514k

Income taxes

€7k▼

2024 · €32k

Staff costs

€392k▲

2024 · €236k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.53M€2.01M▲

Fixed assets21/28€1.01M€1.16M▲

Intangible fixed assets21€4k€2k▼

Tangible fixed assets22/27€1.01M€1.15M▲

Land and buildings22€773k€720k▼

Plant, machinery and equipment23€112k€99k▼

Furniture and vehicles24€71k€17k▼

Leasing and similar rights25€49k€312k▲

Financial fixed assets28€4k€4k▲

Current assets29/58€513k€853k▲

Stocks and contracts in progress3€161k€384k▲

Stocks30/36€161k€384k▲

Amounts receivable within one year40/41€208k€359k▲

Trade receivables40€189k€213k▲

Other amounts receivable41€19k€146k▲

Cash at bank and in hand54/58€144k€109k▼

Deferred charges and accrued income490/1€913€1k▲

Equity and liabilities

Total equity and liabilities10/49€1.53M€2.01M▲

Equity10/15€567k€653k▲

Contributions10/11€19k€19k=

Reserves13€381k€394k▲

Tax-exempt reserves132€648€14k▲

Distributable reserves133€380k€380k=

Profit (loss) carried forward14€108k€181k▲

Investment grants15€60k€60k▼

Provisions and deferred taxes16-€4k

Deferred taxes168-€4k

Amounts payable17/49€960k€1.35M▲

Amounts payable after more than one year17€514k€590k▲

Financial debts170/4€514k€590k▲

Amounts payable within one year42/48€445k€755k▲

Current portion of amounts payable after more than one year42€156k€183k▲

Financial debts43€50k€200k▲

Credit institutions430/8€50k€200k▲

Trade debts44€35k€152k▲

Suppliers440/4€35k€152k▲

Advances received on contracts in progress46€77k€55k▼

Taxes, remuneration and social security45€82k€116k▲

Taxes450/3€59k€49k▼

Remuneration and social security454/9€22k€67k▲

Other amounts payable47/48€46k€50k▲

Accrued charges and deferred income492/3€663€5k▲

Income statement Code20242025

Non-recurring operating income76A-€22k

Remuneration, social security and pensions62€236k€392k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€170k▲

Other operating charges640/8€9k€24k▲

Gross operating margin9900€505k€751k▲

Operating profit (loss)9901€135k€165k▲

Financial income75/76B€23k€20k▼

Recurring financial income75€23k€20k▼

Financial charges65/66B€26k€38k▲

Recurring financial charges65€26k€38k▲

Profit (loss) for the period before taxes9903€132k€148k▲

Transfer from deferred taxes780-€987

Transfer to deferred taxes680-€5k

Income taxes67/77€32k€7k▼

Profit (loss) for the period9904€100k€137k▲

Transfer from tax-exempt reserves789-€3k

Transfer to tax-exempt reserves689-€16k

Profit (loss) for the period to be appropriated9905€100k€123k▲

Appropriation of the result

Profit (loss) to be appropriated9906€108k€231k▲

Profit (loss) brought forward from the previous period14P€8k€108k▲

Profit to be distributed694/7-€50k

Directors or managers695-€50k

Social balance

Average headcount (FTE)90875.25.8▲

The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

07-08

State Gazette act Resignations & appointments

General meeting · Director appointment · Mandate compensation4 facts ▸

General meeting, 25/06/2026
Director appointment, Samïa HADDOUCHE (administrateur)
Mandate compensation, Samïa HADDOUCHE
Permanent representative, Jean-François FRECHES

21-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Highest result since 2018net €137k ▲36.6%

Operating result €165k, net result €137k, both a record.

29-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Equity above €500kEq €567k ▲19.6%

7 profitable years in a row build equity to €567k.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

19-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 29 days late

2021

20-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Weakest financial yearnet €30k ▼10.3%

Net result drops to €30k, the lowest in the series; recovery starts the following year.

08-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Equity above €200kEq €261k ▲53.1%

2 profitable years in a row build equity to €261k.

03-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 27 days late

2017

04-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

Samïa HADDOUCHE

Director · since 25-06-2026

Current

25-06-2026 Appointed as Director

Location & real-estate footprint

Registered office, Malmedy · 1 establishment unit since 2014

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Baugnez-Route de Waimes 1004960 Malmedy

1 establishment unit

F-TECH

Baugnez-Route de Waimes 100, 4960 MalmedyManufacture of other builders' carpentry and joinery

since 20142.235.908.396

Recognitions · licences · registrations

Recognised contractor

2 categories

F-TECH SRL40784

category D20, class 2 · category D5, class 1

decision 08-09-2021

Similar companies · same sector, comparable size

Sint-Niklaas · Eq €660k

Of 904 companies in sector 25120 we hold annual accounts for 673. 518 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-10-2014

Fiscal year end31-12

Activities, NACEBEL

25120Manufacture of fabricated metal products, except machinery and equipment

41001General construction of residential buildings

43320Joinery installation

51210Air transport

Sources

Crossroads Bank for EnterprisesNational Bank · 11 filings

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:administration@fenetre-tech.com

Enterprise

Phone:080/570.172

Establishment Malmedy 2.235.908.396