FABIAN
ActiveSummary
The computed 12-month bankruptcy probability of FABIAN is 2.0% (moderate). The 2025 annual accounts show equity of €121,150 and a net result of €18,217. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 4718 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency51▼-13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.59 in 2024; short-term debt: 74.1% and cash: 9.5% of total assets), and 74.1% 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 11-12-2025, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
2 d early
2023
on the day
2022
on the day
2021
8 d early
2020
21 d early
2019
68 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today. Usually files around 30 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-04-2026 close29-09-2026 today30-11-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18,217▲ 252%
2024 · €5,169
Working capital
€114,748▲ 19.1%
2024 · €96,366
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20212022202320242025
Operating result€46,773▼ 24.1%€18,194▼ 61.1%€19,349▲ 6.3%€8,132▼ 58.0%€24,910▲ 206%
Net result€29,777above the sector's middle half▼ 43.7%€3,802within the sector's middle half▼ 87.2%€1,743within the sector's middle half▼ 54.1%€5,169within the sector's middle half▲ 197%€18,217within the sector's middle half▲ 252%
Equity€79,819within the sector's middle half▲ 34.7%€83,620within the sector's middle half▲ 4.8%€85,364within the sector's middle half▲ 2.1%€102,933above the sector's middle half▲ 20.6%€121,150above the sector's middle half▲ 17.7%
Total assets€299,254above the sector's middle half▲ 21.0%€319,062above the sector's middle half▲ 6.6%€244,546within the sector's middle half▼ 23.4%€266,438above the sector's middle half▲ 9.0%€468,586above the sector's middle half▲ 75.9%
Debt€219,436▲ 16.6%€235,442▲ 7.3%€159,182▼ 32.4%€163,505▲ 2.7%€347,436▲ 112%
Working capital€49,133within the sector's middle half▲ 106%€60,044above the sector's middle half▲ 22.2%€77,134above the sector's middle half▲ 28.5%€96,366above the sector's middle half▲ 24.9%€114,748above the sector's middle half▲ 19.1%
Solvency26.7%within the sector's middle half▲ 2.7pp26.2%within the sector's middle half▼ 0.5pp34.9%within the sector's middle half▲ 8.7pp38.6%within the sector's middle half▲ 3.7pp25.9%within the sector's middle half▼ 12.8pp
Current ratio1.23within the sector's middle half▲ 0.091.26within the sector's middle half▲ 0.031.48within the sector's middle half▲ 0.231.59within the sector's middle half▲ 0.101.33within the sector's middle half▼ 0.26
Return on assets (ROA)10.0%within the sector's middle half▼ 11.4pp1.2%within the sector's middle half▼ 8.8pp0.7%within the sector's middle half▼ 0.5pp1.9%within the sector's middle half▲ 1.2pp3.9%within the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 206% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €468,586
Fixed assets
€6,402 ▼ 2.5%
Current assets
€462,184 ▲ 77.9%
Equity and liabilities €468,586
Equity
€121,150 ▲ 17.7%
Debt
€347,436 ▲ 112%
Debt's share of the balance-sheet total rises from 61.4% to 74.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,412▲
2024 · €13,076
Cash flow
€19,720▲
2024 · €10,113
Debt to equity
2.87▲
2024 · 1.59
ROE
15.0%▲
2024 · 5.0%
Interest coverage
19.53▲
2024 · 9.31
Debt ≤ 1 year
€347,436▲
2024 · €163,505
Income taxes
€5,340▲
2024 · €1,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,105 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,313 | €16,293 | €16,577 | €4,944 | €1,502 | ▼ 69.6% |
| Other operating charges640/8 | - | €3,315 | €2,115 | €11,031 | €1,414 | ▼ 87.2% |
| Non-recurring operating charges66A | - | - | €2,200 | - | €501 | - |
| Gross operating margin9900 | €71,791 | €37,802 | €40,241 | €24,106 | €28,327 | ▲ 17.5% |
| Operating profit (loss)9901 | €46,773 | €18,194 | €19,349 | €8,132 | €24,910 | ▲ 206% |
| Financial income75/76B | - | €1 | €2 | €2 | - | - |
| Recurring financial income75 | €0 | €1 | €2 | €2 | - | - |
| Financial charges65/66B | - | €12,892 | €12,075 | €1,404 | €1,352 | ▼ 3.7% |
| Recurring financial charges65 | €8,375 | €12,892 | €12,075 | €1,404 | €1,352 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €38,399 | €5,303 | €7,276 | €6,730 | €23,558 | ▲ 250% |
| Income taxes67/77 | €8,622 | €1,501 | €5,532 | €1,560 | €5,340 | ▲ 242% |
| Profit (loss) for the period9904 | €29,777 | €3,802 | €1,743 | €5,169 | €18,217 | ▲ 252% |
| Profit (loss) for the period to be appropriated9905 | €29,777 | €3,802 | €1,743 | €5,169 | €18,217 | ▲ 252% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €299,254 | €319,062 | €244,546 | €266,438 | €468,586 | ▲ 75.9% |
| Fixed assets21/28 | €33,215 | €23,576 | €8,230 | €6,567 | €6,402 | ▼ 2.5% |
| Tangible fixed assets22/27 | €33,215 | €21,476 | €6,130 | €1,967 | €1,802 | ▼ 8.4% |
| Plant, machinery and equipment23 | - | €6,092 | €2,341 | €1,009 | €1,445 | ▲ 43.3% |
| Furniture and vehicles24 | - | €15,384 | €3,789 | €959 | €357 | ▼ 62.8% |
| Financial fixed assets28 | - | €2,100 | €2,100 | €4,600 | €4,600 | = |
| Current assets29/58 | €266,040 | €295,486 | €236,316 | €259,871 | €462,184 | ▲ 77.9% |
| Amounts receivable within one year40/41 | €196,689 | €247,837 | €205,735 | €168,470 | €411,719 | ▲ 144% |
| Trade receivables40 | - | €240,021 | €181,153 | €152,823 | €377,152 | ▲ 147% |
| Other amounts receivable41 | - | €7,816 | €24,582 | €15,647 | €34,567 | ▲ 121% |
| Cash at bank and in hand54/58 | €67,456 | €45,512 | €29,236 | €89,732 | €44,707 | ▼ 50.2% |
| Deferred charges and accrued income490/1 | - | €2,137 | €1,345 | €1,669 | €5,758 | ▲ 245% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €299,254 | €319,062 | €244,546 | €266,438 | €468,586 | ▲ 75.9% |
| Equity10/15 | €79,819 | €83,620 | €85,364 | €102,933 | €121,150 | ▲ 17.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €71,759 | €75,560 | €77,304 | €82,473 | €100,690 | ▲ 22.1% |
| Amounts payable17/49 | €219,436 | €235,442 | €159,182 | €163,505 | €347,436 | ▲ 112% |
| Amounts payable after more than one year17 | €2,529 | - | - | - | - | - |
| Amounts payable within one year42/48 | €216,907 | €235,442 | €159,182 | €163,505 | €347,436 | ▲ 112% |
| Current portion of amounts payable after more than one year42 | - | €2,529 | - | - | - | - |
| Trade debts44 | €127,866 | €123,697 | €67,485 | €104,352 | €278,202 | ▲ 167% |
| Suppliers440/4 | - | €123,697 | €67,485 | €104,352 | €278,202 | ▲ 167% |
| Taxes, remuneration and social security45 | - | €54,371 | €40,958 | €11,227 | €15,815 | ▲ 40.9% |
| Taxes450/3 | - | €38,871 | €32,958 | €3,877 | €6,165 | ▲ 59.0% |
| Remuneration and social security454/9 | - | €15,500 | €8,000 | €7,350 | €9,650 | ▲ 31.3% |
| Other amounts payable47/48 | - | €54,844 | €50,739 | €47,925 | €53,418 | ▲ 11.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,777 | €3,802 | €1,743 | €5,169 | €18,217 | ▲ 252% |
| + Depreciation and write-downs630 | €21,313 | €16,293 | €16,577 | €4,944 | €1,502 | ▼ 69.6% |
| Operating cash flow (approximation) | €51,090 | €20,094 | €18,321 | €10,113 | €19,720 | ▲ 95.0% |
| Investment in fixed assets (approximation) | - | -€6,654 | -€1,231 | -€3,281 | -€1,337 | ▲ 59.2% |
| Change in cash | - | -€21,944 | -€16,276 | €60,497 | -€45,025 | ▼ 174% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-04
Financial
Equity above €100,000Eq €102,933 ▲20.6%
6 profitable years in a row build equity to €102,933.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-04
Financial
Weakest financial yearnet €1,743 ▼54.1%
Net result drops to €1,743, the lowest in the series; recovery starts the following year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-04
Financial
Highest result since 2019net €52,852 ▲603%
Operating result €61,653, net result €52,852, both a record.
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Brussel · 1 establishment unit since 2009
Ground area
6,042 m²
Building footprint
362 m²
Volume, LiDAR
4,198 m³
Parcel 21821B0499/00A000, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FABIAN
since 20092.180.363.525
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821B0499/00A000 | Brussels | 6,042 m² | 1 · 362 m² | 14.8 m · 4 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 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,388 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
Founded10-07-2009
Fiscal year end30-04
Activities, NACEBEL 2025
49410Freight transport by road
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0816984577
Also
9925:BE0816984577
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.