FABELEC
ActiveSummary
FABELEC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €10k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+30
Solvency52▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.36 in 2024; short-term debt: 72.7% and cash: 66% of total assets), and 72.7% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
27.3%
Return on assets
3.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 10 filingsDeviation from the deadline
2025
10 d late
2024
6 d early
2023
22 d late
2022
31 d late
2021
31 d late
2020
10 d late
2019
55 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€89k▼ 2.0%
2024 · €91k
Total assets
€326k▲ 4.0%
2024 · €313k
Net result
€10k▲ 45.9%
2024 · €7k
Working capital
€75k▼ 5.3%
2024 · €79k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33k▼ 16.6%€6k▼ 80.0%€50k▲ 671%€19k▼ 61.3%€18k▼ 9.2%
Net result€19k▼ 11.7%€1k▼ 93.7%€30k▲ 2,332%€7k▼ 76.4%€10k▲ 45.9%
Equity€140k▲ 3.4%€89k▼ 36.6%€96k▲ 7.9%€91k▼ 5.3%€89k▼ 2.0%
Total assets€216k▼ 10.8%€279k▲ 29.5%€274k▼ 2.0%€313k▲ 14.5%€326k▲ 4.0%
Debt€76k▼ 28.8%€190k▲ 151%€178k▼ 6.5%€223k▲ 25.1%€237k▲ 6.4%
Working capital€153k▼ 3.4%€84k▼ 44.9%€94k▲ 11.0%€79k▼ 15.2%€75k▼ 5.3%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326k
Fixed assets
€14k ▲ 12.5%
Current assets
€312k ▲ 3.6%
Equity and liabilities €326k
Equity
€89k ▼ 2.0%
Debt
€237k ▲ 6.4%
Debt's share of the balance-sheet total rises from 71.1% to 72.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▲
2024 · €22k
Cash flow
€16k▲
2024 · €10k
Current ratio
1.32▼
2024 · 1.36
Quick ratio
1.30▲
2024 · 1.14
Debt to equity
2.67▲
2024 · 2.46
ROE
11.5%▲
2024 · 7.7%
ROA
3.1%▲
2024 · 2.2%
Interest coverage
43.36▲
2024 · 2.62
Debt ≤ 1 year
€237k▲
2024 · €222k
Income taxes
€7k▲
2024 · €4k
Staff costs
€261▲
2024 · €230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €306 | €193 | €206 | €230 | €261 | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €5k | ▲ 100% |
| Other operating charges640/8 | €2k | €1k | €2k | €1k | €951 | ▼ 25.0% |
| Gross operating margin9900 | €37k | €11k | €56k | €24k | €24k | ▲ 2.8% |
| Operating profit (loss)9901 | €33k | €6k | €50k | €19k | €18k | ▼ 9.2% |
| Financial income75/76B | - | €29 | €0 | €101 | €10 | ▼ 90.5% |
| Recurring financial income75 | - | €29 | €0 | €101 | €10 | ▼ 90.5% |
| Financial charges65/66B | €4k | €3k | €7k | €8k | €532 | ▼ 93.7% |
| Recurring financial charges65 | €4k | €3k | €7k | €8k | €532 | ▼ 93.7% |
| Non-recurring financial charges66B | - | - | €340 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €29k | €3k | €43k | €11k | €17k | ▲ 54.6% |
| Income taxes67/77 | €9k | €2k | €13k | €4k | €7k | ▲ 69.5% |
| Profit (loss) for the period9904 | €19k | €1k | €30k | €7k | €10k | ▲ 45.9% |
| Profit (loss) for the period to be appropriated9905 | €19k | €1k | €30k | €7k | €10k | ▲ 45.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216k | €279k | €274k | €313k | €326k | ▲ 4.0% |
| Fixed assets21/28 | €5k | €4k | €2k | €12k | €14k | ▲ 12.5% |
| Tangible fixed assets22/27 | €5k | €4k | €2k | €12k | €13k | ▲ 6.3% |
| Plant, machinery and equipment23 | €3k | €3k | €1k | €3k | €3k | ▲ 6.7% |
| Furniture and vehicles24 | €2k | €1k | €927 | €10k | €10k | ▲ 6.2% |
| Financial fixed assets28 | - | - | - | - | €750 | - |
| Current assets29/58 | €211k | €275k | €272k | €301k | €312k | ▲ 3.6% |
| Stocks and contracts in progress3 | €29k | €61k | €37k | €49k | €3k | ▼ 93.9% |
| Stocks30/36 | €9k | €28k | €6k | €3k | - | - |
| Contracts in progress37 | €20k | €33k | €31k | €46k | €3k | ▼ 93.5% |
| Amounts receivable within one year40/41 | €18k | €98k | €104k | €123k | €93k | ▼ 24.1% |
| Trade receivables40 | €17k | €78k | €90k | €111k | €43k | ▼ 60.8% |
| Other amounts receivable41 | €1k | €20k | €13k | €12k | €50k | ▲ 310% |
| Cash at bank and in hand54/58 | €163k | €112k | €130k | €126k | €215k | ▲ 70.3% |
| Deferred charges and accrued income490/1 | €725 | €3k | €898 | €3k | €949 | ▼ 70.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216k | €279k | €274k | €313k | €326k | ▲ 4.0% |
| Equity10/15 | €140k | €89k | €96k | €91k | €89k | ▼ 2.0% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €127k | €76k | €83k | €78k | €67k | ▼ 14.3% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €125k | €74k | €83k | €78k | €67k | ▼ 14.3% |
| Profit (loss) carried forward14 | €264 | €264 | €264 | €0 | €9k | - |
| Amounts payable17/49 | €76k | €190k | €178k | €223k | €237k | ▲ 6.4% |
| Amounts payable within one year42/48 | €58k | €190k | €178k | €222k | €237k | ▲ 6.8% |
| Trade debts44 | €15k | €86k | €48k | €73k | €87k | ▲ 19.6% |
| Suppliers440/4 | €15k | €86k | €48k | €73k | €87k | ▲ 19.6% |
| Advances received on contracts in progress46 | - | - | - | - | €6k | - |
| Taxes, remuneration and social security45 | €5k | €16k | €19k | €22k | €6k | ▼ 73.4% |
| Taxes450/3 | €5k | €14k | €17k | €20k | €6k | ▼ 70.7% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | - | - |
| Other amounts payable47/48 | €37k | €89k | €110k | €127k | €138k | ▲ 9.1% |
| Accrued charges and deferred income492/3 | €18k | €0 | - | €900 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €1k | €30k | €7k | €10k | ▲ 45.9% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €5k | ▲ 100% |
| Operating cash flow (approximation) | €22k | €4k | €33k | €10k | €16k | ▲ 61.1% |
| Investment in fixed assets (approximation) | - | €-2k | €-752 | €-13k | €-7k | ▲ 45.9% |
| Change in cash | - | €-51k | €18k | €-4k | €89k | ▲ 2,358% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2018net €30k ▲2,332%
Operating result €50k, net result €30k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €1k ▼93.7%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Houthalen-Helchteren · 1 establishment unit since 2015
Ground area
694 m²
Building footprint
142 m²
Volume, LiDAR
1,008 m³
Parcel 72452E0378/00D002, Flanders · tallest building 19.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FABELEC
since 20152.238.945.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E0378/00D002 | Flanders | 694 m² | 1 · 142 m² | 19.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,810 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
Founded06-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.