FAA Construct
ActiveSummary
The computed 12-month bankruptcy probability of FAA Construct is 2.0% (moderate). The 2025 annual accounts show equity of €30,421 and a net result of €9,532. Equity is growing by ~52.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 7586 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-7
Solvency61▲+6
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.31 in 2024; short-term debt: 62.5% and cash: 8.9% of total assets), and 63.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.2%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
26 d late
2024
41 d late
2023
72 d late
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 3 September (3 of the last 4 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€30,421▲ 45.6%
2024 · €20,889
Total assets
€84,007▲ 20.6%
2024 · €69,674
Net result
€9,532▼ 19.0%
2024 · €11,765
Working capital
€21,336▲ 44.7%
2024 · €14,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€7,410--€2,643€14,623€13,167▼ 10.0%
Net result€5,845within the sector's middle half--€2,739below the sector's middle half€11,765within the sector's middle half€9,532within the sector's middle half▼ 19.0%
Equity€8,845below the sector's middle half-€6,106below the sector's middle half▼ 31.0%€20,889within the sector's middle half▲ 242%€30,421within the sector's middle half▲ 45.6%
Total assets€31,847below the sector's middle half-€26,994below the sector's middle half▼ 15.2%€69,674within the sector's middle half▲ 158%€84,007within the sector's middle half▲ 20.6%
Debt€23,001-€20,888▼ 9.2%€48,786▲ 134%€53,586▲ 9.8%
Working capital€2,959within the sector's middle half--€3,367below the sector's middle half€14,742within the sector's middle half€21,336within the sector's middle half▲ 44.7%
Solvency27.8%within the sector's middle half-22.6%within the sector's middle half▼ 5.2pp30.0%within the sector's middle half▲ 7.4pp36.2%within the sector's middle half▲ 6.2pp
Current ratio1.13within the sector's middle half-0.84below the sector's middle half▼ 0.291.31within the sector's middle half▲ 0.471.41within the sector's middle half▲ 0.10
Return on assets (ROA)18.4%within the sector's middle half--10.1%below the sector's middle half▼ 28.5pp16.9%within the sector's middle half▲ 27.0pp11.3%within the sector's middle half▼ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,007
Fixed assets
€10,152 ▲ 47.2%
Current assets
€73,855 ▲ 17.6%
Equity and liabilities €84,007
Equity
€30,421 ▲ 45.6%
Debt
€53,586 ▲ 9.8%
Debt's share of the balance-sheet total falls from 70.0% to 63.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,270▼
2024 · €16,519
Cash flow
€12,635▼
2024 · €13,661
Debt to equity
1.76▼
2024 · 2.34
ROE
31.3%▼
2024 · 56.3%
Interest coverage
7.96▼
2024 · 28.08
Debt ≤ 1 year
€52,519▲
2024 · €48,036
Income taxes
€3,101▼
2024 · €3,187
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €195 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,561 | €2,358 | €1,896 | €3,103 | ▲ 63.7% |
| Other operating charges640/8 | €451 | €616 | €329 | €895 | ▲ 172% |
| Non-recurring operating charges66A | - | - | €1,437 | - | - |
| Gross operating margin9900 | €10,422 | €332 | €18,286 | €17,165 | ▼ 6.1% |
| Operating profit (loss)9901 | €7,410 | -€2,643 | €14,623 | €13,167 | ▼ 10.0% |
| Financial income75/76B | €0 | €35 | €918 | €1,510 | ▲ 64.5% |
| Recurring financial income75 | €0 | €35 | €918 | €1,510 | ▲ 64.5% |
| Financial charges65/66B | - | €132 | €588 | €2,043 | ▲ 247% |
| Recurring financial charges65 | - | €132 | €588 | €2,043 | ▲ 247% |
| Profit (loss) for the period before taxes9903 | €7,410 | -€2,739 | €14,952 | €12,633 | ▼ 15.5% |
| Income taxes67/77 | €1,565 | - | €3,187 | €3,101 | ▼ 2.7% |
| Profit (loss) for the period9904 | €5,845 | -€2,739 | €11,765 | €9,532 | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €5,845 | -€2,739 | €11,765 | €9,532 | ▼ 19.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31,847 | €26,994 | €69,674 | €84,007 | ▲ 20.6% |
| Fixed assets21/28 | €5,886 | €9,536 | €6,896 | €10,152 | ▲ 47.2% |
| Tangible fixed assets22/27 | €5,886 | €8,736 | €6,096 | €9,352 | ▲ 53.4% |
| Plant, machinery and equipment23 | €2,318 | €6,799 | €6,096 | €4,552 | ▼ 25.3% |
| Furniture and vehicles24 | €3,568 | €1,937 | - | €4,800 | - |
| Financial fixed assets28 | - | €800 | €800 | €800 | = |
| Current assets29/58 | €25,960 | €17,458 | €62,778 | €73,855 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €24,959 | €15,164 | €62,778 | €65,258 | ▲ 4.0% |
| Trade receivables40 | €23,573 | €13,186 | €31,983 | €38,272 | ▲ 19.7% |
| Other amounts receivable41 | €1,386 | €1,978 | €30,795 | €26,986 | ▼ 12.4% |
| Cash at bank and in hand54/58 | €663 | €1,764 | - | €7,444 | - |
| Deferred charges and accrued income490/1 | €338 | €530 | - | €1,152 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31,847 | €26,994 | €69,674 | €84,007 | ▲ 20.6% |
| Equity10/15 | €8,845 | €6,106 | €20,889 | €30,421 | ▲ 45.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €5,845 | €3,106 | €17,889 | €27,421 | ▲ 53.3% |
| Distributable reserves133 | €5,845 | €3,106 | €17,889 | €27,421 | ▲ 53.3% |
| Amounts payable17/49 | €23,001 | €20,888 | €48,786 | €53,586 | ▲ 9.8% |
| Amounts payable within one year42/48 | €23,001 | €20,824 | €48,036 | €52,519 | ▲ 9.3% |
| Financial debts43 | €152 | €248 | €6,882 | €4,136 | ▼ 39.9% |
| Credit institutions430/8 | €152 | €248 | €6,882 | €4,136 | ▼ 39.9% |
| Trade debts44 | €20,409 | €18,139 | €28,278 | €34,718 | ▲ 22.8% |
| Suppliers440/4 | €20,409 | €18,139 | €28,278 | €34,718 | ▲ 22.8% |
| Taxes, remuneration and social security45 | €2,336 | €2,437 | €12,877 | €13,665 | ▲ 6.1% |
| Taxes450/3 | €2,336 | €2,437 | €12,177 | €9,665 | ▼ 20.6% |
| Remuneration and social security454/9 | - | - | €700 | €4,000 | ▲ 471% |
| Other amounts payable47/48 | €105 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €64 | €750 | €1,067 | ▲ 42.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,845 | -€2,739 | €11,765 | €9,532 | ▼ 19.0% |
| + Depreciation and write-downs630 | €2,561 | €2,358 | €1,896 | €3,103 | ▲ 63.7% |
| Operating cash flow (approximation) | €8,407 | -€381 | €13,661 | €12,635 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€6,008 | €744 | -€6,359 | ▼ 954% |
| Change in cash | - | €1,101 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Back to profitnet €11,765
Net result €11,765 after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Weakest financial yearnet -€2,739
Net result drops to -€2,739, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kraainem · 1 establishment unit since 2022
Ground area
1.1 ha
Building footprint
909 m²
Volume, LiDAR
34,366 m³
2 parcels, Flanders, Wallonia · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
1 establishment unit
Rue d'Amérique 14, 4500 Huy
since 20222.327.322.582
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 61322A1463/10M000indicative | Wallonia | 190 m² | 1 · 44 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,450 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
43310Plastering work
43331Floor and wall tiling
43341Painting of buildings
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778520218
Also
9925:BE0778520218
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.