FABIAN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FABIAN CONSTRUCT is 2.2% (moderate). The 2024 annual accounts show equity of €37k and a net result of €2k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 36375 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-25
Solvency53▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.85 against 3.84 in 2023; short-term debt: 15.4% and cash: 2.3% of total assets), but 71.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
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
28.2%
Return on assets
1.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
104 d late
2022
66 d late
2021
61 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€37k▲ 6.9%
2023 · €34k
Total assets
€130k▼ 12.3%
2023 · €148k
Net result
€2k▼ 92.6%
2023 · €32k
Working capital
€57k▼ 34.4%
2023 · €87k
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
Line20202021202220232024
Operating result€22k€-6k€-20k▼ 227%€37k€4k▼ 88.2%
Net result€19k€-7k€-19k▼ 190%€32k€2k▼ 92.6%
Equity€26k▲ 251%€22k▼ 16.4%€2k▼ 88.8%€34k▲ 1,296%€37k▲ 6.9%
Total assets€79k▼ 13.1%€84k▲ 5.8%€64k▼ 22.8%€148k▲ 130%€130k▼ 12.3%
Debt€39k▼ 52.9%€34k▼ 14.6%€18k▼ 45.7%€41k▲ 123%€20k▼ 50.6%
Working capital€7k▼ 64.8%€31k▲ 320%€48k▲ 52.3%€87k▲ 83.2%€57k▼ 34.4%
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 2024; 2024 is 88% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €130k
Fixed assets
€53k ▲ 74.8%
Current assets
€77k ▼ 34.5%
Equity and liabilities €130k
Equity
€37k ▲ 6.9%
Provisions
€73k =
Debt
€20k ▼ 50.6%
Debt's share of the balance-sheet total falls from 27.4% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2023 · €44k
Cash flow
€17k▼
2023 · €39k
Current ratio
3.85▲
2023 · 3.84
Debt to equity
0.55▼
2023 · 1.18
ROE
6.4%▼
2023 · 92.8%
ROA
1.8%▼
2023 · 21.5%
Interest coverage
35.35▼
2023 · 124.13
Debt ≤ 1 year
€20k▼
2023 · €31k
Income taxes
€2k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | €9k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €16k | €15k | €7k | €14k | ▲ 108% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €5k | €16k | €29k | - | - |
| Other operating charges640/8 | - | €2k | €1k | €4k | €2k | ▼ 49.6% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €53k | €16k | €12k | €77k | €22k | ▼ 71.9% |
| Operating profit (loss)9901 | €22k | €-6k | €-20k | €37k | €4k | ▼ 88.2% |
| Financial income75/76B | - | €24 | - | €2 | €33 | ▲ 1,529% |
| Recurring financial income75 | €40 | €24 | - | €2 | €33 | ▲ 1,529% |
| Financial charges65/66B | - | €572 | €547 | €356 | €530 | ▲ 48.9% |
| Recurring financial charges65 | €1k | €572 | €547 | €356 | €530 | ▲ 48.9% |
| Profit (loss) for the period before taxes9903 | €21k | €-7k | €-21k | €37k | €4k | ▼ 89.4% |
| Income taxes67/77 | €2k | - | €-1k | €5k | €2k | ▼ 69.6% |
| Profit (loss) for the period9904 | €19k | €-7k | €-19k | €32k | €2k | ▼ 92.6% |
| Profit (loss) for the period to be appropriated9905 | €19k | €-7k | €-19k | €32k | €2k | ▼ 92.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €84k | €64k | €148k | €130k | ▼ 12.3% |
| Fixed assets21/28 | €47k | €31k | €10k | €30k | €53k | ▲ 74.8% |
| Tangible fixed assets22/27 | €47k | €31k | €9k | €30k | €52k | ▲ 76.0% |
| Plant, machinery and equipment23 | - | - | - | - | €4k | - |
| Furniture and vehicles24 | - | €31k | €9k | €30k | €48k | ▲ 62.2% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €31k | €52k | €55k | €118k | €77k | ▼ 34.5% |
| Amounts receivable within one year40/41 | €24k | €43k | €49k | €104k | €71k | ▼ 31.3% |
| Trade receivables40 | - | €30k | €38k | €90k | €61k | ▼ 31.8% |
| Other amounts receivable41 | - | €13k | €12k | €14k | €10k | ▼ 27.9% |
| Cash at bank and in hand54/58 | €7k | €9k | €5k | €14k | €3k | ▼ 79.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €84k | €64k | €148k | €130k | ▼ 12.3% |
| Equity10/15 | €26k | €22k | €2k | €34k | €37k | ▲ 6.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €19k | €9k | €9k | €29k | €29k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €7k | €7k | €27k | €27k | = |
| Profit (loss) carried forward14 | €1k | €-6k | €-25k | €-13k | €-11k | ▲ 17.9% |
| Provisions and deferred taxes16 | €13k | €28k | €44k | €73k | €73k | = |
| Provisions for liabilities and charges160/5 | - | €28k | €44k | €73k | €73k | = |
| Environmental obligations163 | - | €28k | €44k | €73k | €73k | = |
| Amounts payable17/49 | €39k | €34k | €18k | €41k | €20k | ▼ 50.6% |
| Amounts payable after more than one year17 | €15k | €13k | €11k | €10k | - | - |
| Financial debts170/4 | - | €5k | €353 | - | - | - |
| Other amounts payable178/9 | - | €8k | €11k | €10k | - | - |
| Amounts payable within one year42/48 | €24k | €21k | €7k | €31k | €20k | ▼ 34.7% |
| Current portion of amounts payable after more than one year42 | - | €10k | €4k | €3k | €3k | ▼ 11.5% |
| Financial debts43 | - | - | €2k | - | - | - |
| Credit institutions430/8 | - | - | €2k | - | - | - |
| Trade debts44 | €8k | €9k | €428 | €11k | €16k | ▲ 50.7% |
| Suppliers440/4 | - | €9k | €428 | €11k | €16k | ▲ 50.7% |
| Taxes, remuneration and social security45 | - | €2k | €600 | €4k | €1k | ▼ 65.3% |
| Taxes450/3 | - | €2k | €600 | €4k | €1k | ▼ 65.3% |
| Other amounts payable47/48 | - | - | - | €13k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €-7k | €-19k | €32k | €2k | ▼ 92.6% |
| + Depreciation and write-downs630 | €17k | €16k | €15k | €7k | €14k | ▲ 108% |
| Operating cash flow (approximation) | €35k | €9k | €-4k | €39k | €17k | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | €0 | €7k | €-27k | €-37k | ▼ 34.5% |
| Change in cash | - | €2k | €-4k | €9k | €-11k | ▼ 228% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 104 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.58
Current ratio from 2.50 to 7.58; short-term debt falls from €21k to €7k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 86 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 2016
Ground area
145 m²
Building footprint
145 m²
Volume, LiDAR
1,427 m³
Parcel 21816C0142/00A009, Brussels · tallest building 18.7 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
FABIAN CONSTRUCT
since 20162.250.352.785
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0142/00A009 | Brussels | 145 m² | 1 · 145 m² | 18.7 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 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,861 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
Founded10-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.