FABELEC
ActiveSummary
FABELEC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37,517 and a net result of €4,791. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+1
Solvency48▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.64 against 2.0 in 2023; short-term debt: 51.9% and cash: 70.3% of total assets), but 77.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.9%
Return on assets
2.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 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 29-11-2025, 121 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
121 d late
2023
75 d late
2022
39 d late
2021
31 d late
2020
61 d late
2019
227 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€37,517▲ 14.6%
2023 · €32,726
Total assets
€164,133▲ 27.0%
2023 · €129,232
Net result
€4,791▲ 128%
2023 · €2,104
Working capital
€54,170▼ 1.6%
2023 · €55,075
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€11,307€20,417▲ 80.6%€19,922▼ 2.4%€7,397▼ 62.9%€9,998▲ 35.2%
Net result€7,223within the sector's middle half€14,493within the sector's middle half▲ 101%€11,251within the sector's middle half▼ 22.4%€2,104within the sector's middle half▼ 81.3%€4,791within the sector's middle half▲ 128%
Equity€4,878below the sector's middle half€19,371below the sector's middle half▲ 297%€30,622within the sector's middle half▲ 58.1%€32,726within the sector's middle half▲ 6.9%€37,517within the sector's middle half▲ 14.6%
Total assets€89,825within the sector's middle half▲ 1.7%€138,225within the sector's middle half▲ 53.9%€140,042within the sector's middle half▲ 1.3%€129,232within the sector's middle half▼ 7.7%€164,133within the sector's middle half▲ 27.0%
Debt€84,947▼ 6.3%€118,854▲ 39.9%€109,420▼ 7.9%€96,506▼ 11.8%€126,616▲ 31.2%
Working capital-€1,964€37,135€35,596▼ 4.1%€55,075▲ 54.7%€54,170▼ 1.6%
Solvency5.4%below the sector's middle half▲ 8.1pp14.0%below the sector's middle half▲ 8.6pp21.9%below the sector's middle half▲ 7.9pp25.3%within the sector's middle half▲ 3.5pp22.9%below the sector's middle half▼ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 recovers in 2024; 2024 is 35% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164,133
Fixed assets
€24,720 ▲ 29.3%
Current assets
€139,413 ▲ 26.6%
Equity and liabilities €164,133
Equity
€37,517 ▲ 14.6%
Debt
€126,616 ▲ 31.2%
Debt's share of the balance-sheet total rises from 74.7% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,394▼
2023 · €13,541
Cash flow
€8,188▼
2023 · €8,248
Current ratio
1.64▼
2023 · 2.00
Quick ratio
1.62▼
2023 · 1.98
Debt to equity
3.37▲
2023 · 2.95
ROE
12.8%▲
2023 · 6.4%
ROA
2.9%▲
2023 · 1.6%
Interest coverage
10.43▼
2023 · 12.22
Debt ≤ 1 year
€85,243▲
2023 · €55,034
Income taxes
€3,950▼
2023 · €4,191
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 4,500 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €225 | €5,573 | €5,589 | €6,144 | €3,396 | ▼ 44.7% |
| Other operating charges640/8 | - | €1,453 | €1,749 | €787 | €1,482 | ▲ 88.2% |
| Non-recurring operating charges66A | - | - | €34,576 | €2,625 | - | - |
| Gross operating margin9900 | €17,107 | €27,443 | €61,836 | €16,953 | €14,876 | ▼ 12.3% |
| Operating profit (loss)9901 | €11,307 | €20,417 | €19,922 | €7,397 | €9,998 | ▲ 35.2% |
| Financial income75/76B | - | €61 | €8 | €6 | €28 | ▲ 371% |
| Recurring financial income75 | €136 | €61 | €8 | €6 | €28 | ▲ 371% |
| Financial charges65/66B | - | €1,870 | €2,765 | €1,108 | €1,284 | ▲ 15.9% |
| Recurring financial charges65 | €2,665 | €1,870 | €2,765 | €1,108 | €1,284 | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €7,490 | €18,608 | €17,165 | €6,294 | €8,741 | ▲ 38.9% |
| Income taxes67/77 | €267 | €4,115 | €5,913 | €4,191 | €3,950 | ▼ 5.7% |
| Profit (loss) for the period9904 | €7,223 | €14,493 | €11,251 | €2,104 | €4,791 | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €7,223 | €14,493 | €11,251 | €2,104 | €4,791 | ▲ 128% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,825 | €138,225 | €140,042 | €129,232 | €164,133 | ▲ 27.0% |
| Fixed assets21/28 | €21,555 | €20,447 | €20,026 | €19,123 | €24,720 | ▲ 29.3% |
| Tangible fixed assets22/27 | €15,406 | €12,499 | €10,277 | €7,575 | €11,372 | ▲ 50.1% |
| Plant, machinery and equipment23 | - | €1,587 | €3,439 | €5,236 | €3,561 | ▼ 32.0% |
| Furniture and vehicles24 | - | €10,912 | €6,838 | €2,339 | €7,810 | ▲ 234% |
| Financial fixed assets28 | €6,149 | €7,949 | €9,749 | €11,548 | €13,348 | ▲ 15.6% |
| Current assets29/58 | €68,270 | €117,777 | €120,016 | €110,109 | €139,413 | ▲ 26.6% |
| Stocks and contracts in progress3 | €925 | €925 | €925 | €925 | €925 | = |
| Stocks30/36 | - | €925 | €925 | €925 | €925 | = |
| Amounts receivable within one year40/41 | €59,016 | €74,819 | €17,126 | €12,795 | €22,697 | ▲ 77.4% |
| Trade receivables40 | - | €66,014 | €12,222 | €8,134 | €18,815 | ▲ 131% |
| Other amounts receivable41 | - | €8,805 | €4,904 | €4,661 | €3,882 | ▼ 16.7% |
| Cash at bank and in hand54/58 | €8,329 | €39,843 | €100,677 | €94,387 | €115,432 | ▲ 22.3% |
| Deferred charges and accrued income490/1 | - | €2,190 | €1,288 | €2,002 | €359 | ▼ 82.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,825 | €138,225 | €140,042 | €129,232 | €164,133 | ▲ 27.0% |
| Equity10/15 | €4,878 | €19,371 | €30,622 | €32,726 | €37,517 | ▲ 14.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€3,182 | €11,311 | €22,562 | €24,666 | €29,457 | ▲ 19.4% |
| Amounts payable17/49 | €84,947 | €118,854 | €109,420 | €96,506 | €126,616 | ▲ 31.2% |
| Amounts payable after more than one year17 | €14,713 | €2,923 | - | - | - | - |
| Financial debts170/4 | - | €2,923 | - | - | - | - |
| Amounts payable within one year42/48 | €70,234 | €80,642 | €84,420 | €55,034 | €85,243 | ▲ 54.9% |
| Current portion of amounts payable after more than one year42 | - | €22,471 | €2,923 | - | - | - |
| Financial debts43 | - | - | - | - | €7,933 | - |
| Credit institutions430/8 | - | - | - | - | €7,933 | - |
| Trade debts44 | €38,644 | €30,671 | €42,894 | €24,998 | €42,116 | ▲ 68.5% |
| Suppliers440/4 | - | €30,671 | €42,894 | €24,998 | €42,116 | ▲ 68.5% |
| Advances received on contracts in progress46 | - | - | - | - | €56 | - |
| Taxes, remuneration and social security45 | - | €4,098 | €10,011 | €10,104 | €3,950 | ▼ 60.9% |
| Taxes450/3 | - | €4,098 | €10,011 | €10,104 | €3,950 | ▼ 60.9% |
| Other amounts payable47/48 | - | €23,402 | €28,591 | €19,932 | €31,188 | ▲ 56.5% |
| Accrued charges and deferred income492/3 | - | €35,289 | €25,000 | €41,472 | €41,373 | ▼ 0.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,223 | €14,493 | €11,251 | €2,104 | €4,791 | ▲ 128% |
| + Depreciation and write-downs630 | €225 | €5,573 | €5,589 | €6,144 | €3,396 | ▼ 44.7% |
| Operating cash flow (approximation) | €7,448 | €20,066 | €16,841 | €8,248 | €8,188 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€4,465 | -€5,168 | -€5,241 | -€8,993 | ▼ 71.6% |
| Change in cash | - | €31,514 | €60,833 | -€6,290 | €21,045 | ▲ 435% |
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
2025
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 121 days late
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 227 days late
2020
31-12
Financial
Back to profitnet €7,223
Net result €7,223 after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet -€17,963
Net result drops to -€17,963, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 90 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
05-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 127 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, Braine-le-Comte · 1 establishment unit since 2008
Ground area
675 m²
Building footprint
101 m²
Parcel 55004F0509/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FABELEC
since 20082.170.838.620
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55004F0509/00G000 | Wallonia | 675 m² | 1 · 101 m² | - |
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 4,093 companies in sector 43240 we hold annual accounts for 1,634. 1,287 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 (pre-2019)
Founded22-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898166748
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.