FA Immobilière

Active

Private limited companyfounded 20197 yrs activeAv. du Bourg. Jean Materne(JB) 213, 5100 Namur, BelgiumKBO/BCE: BE 0730.586.974

FA Immobilière has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €681k and a net result of €77k. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability73▲+31

Solvency52▼-1

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days only on tighter terms

Liquidity tight (current ratio 1.19 against 0.09 in 2023; short-term debt: 15.2% and cash: 0.1% of total assets), and 72.9% 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

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

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

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

KBO · registered office

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-01-2026, 181 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

181 d late

2023

85 d late

2022

31 d late

2021

34 d early

2020

40 d early

2019

38 d early

← before the deadline after the 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 2024, micro schema

Turnover

€1k

EBIT margin

-1766.0%

Net result

€77k

2023 · €-25k

2019: €-19k 2020: €-39k 2021: €-52k 2022: €-112k 2023: €-25k

2019 → 2024

Working capital

€71k

2023 · €-498k

2019: €-7k 2020: €-79k 2021: €-230k 2022: €-413k 2023: €-498k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€172k-€478k▲ 178%€628k▲ 31.4%€604k▼ 3.9%€681k▲ 12.7%

Operating result€-33k-€-40k▼ 21.1%€-96k▼ 138%€13k€148k▲ 1,042%

Net result€-39k-€-52k▼ 33.4%€-112k▼ 116%€-25k▲ 78.0%€77k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,042% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.51M

82.0%

18.0%

Fixed assets €2.06M▼ 3.5%

Current assets €451k▲ 826%

Equity and liabilities €2.51M

27.1%

72.9%

Equity €681k▲ 12.7%

Debt €1.83M▲ 15.9%

The debt ratio rises from 72.3% to 72.9%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€253k▲

2023 · €113k

Cash flow

€182k▲

2023 · €75k

Solvency

27.1%▼

2023 · 27.7%

Current ratio

1.19▲

2023 · 0.09

Quick ratio

1.19▲

2023 · 0.09

Debt / equity

2.69▲

2023 · 2.61

ROE

11.3%▲

2023 · -4.1%

ROA

3.1%▲

2023 · -1.1%

Interest coverage

6.00▲

2023 · 3.00

Debt

€1.83M▲

2023 · €1.58M

Debt ≤ 1 year

€381k▼

2023 · €547k

Debt > 1 year

€977k▼

2023 · €1.03M

Income taxes

€30k▲

2023 · €440

Staff costs

€43k▲

2023 · €24k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.18M€2.51M▲

Fixed assets21/28€2.13M€2.06M▼

Tangible fixed assets22/27€2.13M€2.06M▼

Land and buildings22€2.10M€2.03M▼

Plant, machinery and equipment23€33k€28k▼

Furniture and vehicles24€1k€1k▼

Current assets29/58€49k€451k▲

Amounts receivable within one year40/41€44k€448k▲

Trade receivables40€29k€7k▼

Other amounts receivable41€14k€442k▲

Cash at bank and in hand54/58€5k€3k▼

Equity and liabilities

Total equity and liabilities10/49€2.18M€2.51M▲

Equity10/15€604k€681k▲

Contributions10/11€25k€25k=

Revaluation surpluses12€601k€601k=

Profit (loss) carried forward14€-22k€55k▲

Amounts payable17/49€1.58M€1.83M▲

Amounts payable after more than one year17€1.03M€977k▼

Financial debts170/4€1.03M€969k▼

Other amounts payable178/9-€8k

Amounts payable within one year42/48€547k€381k▼

Current portion of amounts payable after more than one year42€65k€69k▲

Financial debts43€1-

Credit institutions430/8€1-

Trade debts44€3k€24k▲

Suppliers440/4€3k€24k▲

Advances received on contracts in progress46-€215k

Taxes, remuneration and social security45€9k€71k▲

Taxes450/3€9k€64k▲

Remuneration and social security454/9-€8k

Other amounts payable47/48€470k€512▼

Accrued charges and deferred income492/3-€471k

Income statement Code20232024

Remuneration, social security and pensions62€24k€43k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€105k▲

Other operating charges640/8€10k€131k▲

Non-recurring operating charges66A€2k-

Gross operating margin9900€148k€427k▲

Operating profit (loss)9901€13k€148k▲

Financial income75/76B€215€316▲

Recurring financial income75€215€316▲

Financial charges65/66B€38k€42k▲

Recurring financial charges65€38k€42k▲

Profit (loss) for the period before taxes9903€-24k€107k▲

Income taxes67/77€440€30k▲

Profit (loss) for the period9904€-25k€77k▲

Profit (loss) for the period to be appropriated9905€-25k€77k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-22k€55k▲

Profit (loss) brought forward from the previous period14P€2k€-22k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 6Filings 6

2026

28-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 181 days late

2024

31-12

Financial Back to profitnet €77k

Net result €77k after 5 loss-making years.

31-12

Financial Liquidity times 13current ratio 1.19

Current ratio from 0.09 to 1.19; short-term debt falls from €547k to €381k.

24-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 85 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Weakest financial yearnet €-112k

Net result drops to €-112k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €500kEq €628k ▲31.4%

Equity rises from €478k to €628k.

27-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Equity above €200kEq €478k ▲178%

Equity rises from €172k to €478k.

21-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Equity above €150kEq €172k ▲2644%

Equity rises from €6k to €172k.

23-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Namur · 1 establishment unit since 2019

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.

Av. du Bourg. Jean Materne(JB) 2135100 Namur

1 establishment unit

FA Immobilière

Av. du Bourg. Jean Materne(JB) 213, 5100 NamurReal estate development

since 20192.293.527.683

Similar companies · same sector, comparable size

IMMO M.

BE 0442.848.055

Dendermonde · Eq €681k

Nazareth-De Pinte · Eq €680k

Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,511 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded11-07-2019

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

68110Buying and selling of own real estate

68122Development of non-residential building projects

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

68204Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filings

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:faton.ajrula@gmail.com

Enterprise

Phone:+32488816210

Enterprise