FABNET
ActiveSummary
The annual accounts of FABNET for fiscal year 2024 show a net loss of 51% of the equity at the start of that year. The 2024 annual accounts show equity of €17,554 and a net result of -€18,123. Equity is shrinking by ~11% per year across the filed fiscal years. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-22
Solvency49▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.62 against 4.24 in 2023; short-term debt: 12.1% and cash: 1.9% of total assets), and 76.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
23.5%
Return on assets
-24.3%
Age of the figures
21 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
30 d early
2023
1 d early
2022
7 d early
2021
29 d late
2020
20 d late
2019
97 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 24 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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 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 What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€17,554▼ 50.8%
2023 · €35,677
Total assets
€74,588▼ 26.8%
2023 · €101,870
Net result
-€18,123▼ 1,060%
2023 · -€1,562
Working capital
-€3,393
2023 · €24,434
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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-€9,822€9,832-€14,944-€102▲ 99.3%-€16,273▼ 15,932%
Net result-€10,435below the sector's middle half€8,887within the sector's middle half-€15,838below the sector's middle half-€1,562below the sector's middle half▲ 90.1%-€18,123below the sector's middle half▼ 1,060%
Equity€45,040within the sector's middle half▼ 18.8%€53,077within the sector's middle half▲ 17.8%€37,240within the sector's middle half▼ 29.8%€35,677within the sector's middle half▼ 4.2%€17,554below the sector's middle half▼ 50.8%
Total assets€57,224below the sector's middle half▼ 31.4%€59,553below the sector's middle half▲ 4.1%€66,421below the sector's middle half▲ 11.5%€101,870within the sector's middle half▲ 53.4%€74,588within the sector's middle half▼ 26.8%
Debt€12,183▼ 56.4%€6,475▼ 46.9%€29,181▲ 351%€66,193▲ 127%€57,033▼ 13.8%
Working capital€31,421within the sector's middle half▼ 9.7%€40,217within the sector's middle half▲ 28.0%€25,570within the sector's middle half▼ 36.4%€24,434within the sector's middle half▼ 4.4%-€3,393below the sector's middle half
Solvency78.7%above the sector's middle half▲ 12.2pp89.1%above the sector's middle half▲ 10.4pp56.1%within the sector's middle half▼ 33.1pp35.0%within the sector's middle half▼ 21.0pp23.5%below the sector's middle half▼ 11.5pp
Current ratio3.66within the sector's middle half▲ 1.417.21above the sector's middle half▲ 3.559.40above the sector's middle half▲ 2.194.24within the sector's middle half▼ 5.160.62below the sector's middle half▼ 3.61
Return on assets (ROA)-18.2%below the sector's middle half▼ 33.8pp14.9%within the sector's middle half▲ 33.2pp-23.8%below the sector's middle half▼ 38.8pp-1.5%below the sector's middle half▲ 22.3pp-24.3%below the sector's middle half▼ 22.8pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 stays negative: a loss of €16,273 in 2024 against €102 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74,588
Fixed assets
€68,947 ▼ 1.4%
Current assets
€5,641 ▼ 82.4%
Equity and liabilities €74,588
Equity
€17,554 ▼ 50.8%
Debt
€57,033 ▼ 13.8%
Debt's share of the balance-sheet total rises from 65.0% to 76.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€15,327▼
2023 · €844
Cash flow
-€17,177▼
2023 · -€616
Debt to equity
3.25▲
2023 · 1.86
ROE
-103.2%▼
2023 · -4.4%
Interest coverage
-9.42▼
2023 · 0.68
Debt ≤ 1 year
€9,034▲
2023 · €7,543
Debt > 1 year
€47,999▼
2023 · €58,649
Income taxes
€225▲
2023 · €216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,340 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% | 1.8% |
| 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 1,221 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 | €6,689 | €1,118 | €795 | €946 | €946 | = |
| Other operating charges640/8 | - | €713 | €864 | €854 | €888 | ▲ 4.0% |
| Gross operating margin9900 | -€1,809 | €11,663 | -€13,286 | €1,698 | -€14,439 | ▼ 950% |
| Operating profit (loss)9901 | -€9,822 | €9,832 | -€14,944 | -€102 | -€16,273 | ▼ 15,932% |
| Financial income75/76B | - | €2 | €0 | €0 | €1 | ▲ 127% |
| Recurring financial income75 | - | €2 | €0 | €0 | €1 | ▲ 127% |
| Financial charges65/66B | - | €382 | €692 | €1,245 | €1,627 | ▲ 30.7% |
| Recurring financial charges65 | €421 | €382 | €692 | €1,245 | €1,627 | ▲ 30.7% |
| Profit (loss) for the period before taxes9903 | -€10,243 | €9,451 | -€15,636 | -€1,346 | -€17,898 | ▼ 1,230% |
| Income taxes67/77 | €192 | €564 | €201 | €216 | €225 | ▲ 3.9% |
| Profit (loss) for the period9904 | -€10,435 | €8,887 | -€15,838 | -€1,562 | -€18,123 | ▼ 1,060% |
| Profit (loss) for the period to be appropriated9905 | -€10,435 | €8,887 | -€15,838 | -€1,562 | -€18,123 | ▼ 1,060% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,224 | €59,553 | €66,421 | €101,870 | €74,588 | ▼ 26.8% |
| Fixed assets21/28 | €13,979 | €12,860 | €37,807 | €69,893 | €68,947 | ▼ 1.4% |
| Intangible fixed assets21 | €90 | - | - | - | - | - |
| Tangible fixed assets22/27 | €13,889 | €12,860 | €37,807 | €69,893 | €68,947 | ▼ 1.4% |
| Land and buildings22 | - | €12,860 | €12,217 | €11,574 | €10,931 | ▼ 5.6% |
| Furniture and vehicles24 | - | - | €757 | €454 | €151 | ▼ 66.7% |
| Assets under construction and advance payments27 | - | - | €24,834 | €57,865 | €57,865 | = |
| Current assets29/58 | €43,245 | €46,692 | €28,614 | €31,977 | €5,641 | ▼ 82.4% |
| Amounts receivable within one year40/41 | €35,392 | €35,448 | €26,691 | €24,837 | €3,342 | ▼ 86.5% |
| Trade receivables40 | - | €240 | €199 | €6,520 | - | - |
| Other amounts receivable41 | - | €35,208 | €26,492 | €18,318 | €3,342 | ▼ 81.8% |
| Cash at bank and in hand54/58 | €6,348 | €10,392 | €1,036 | €6,264 | €1,402 | ▼ 77.6% |
| Deferred charges and accrued income490/1 | - | €852 | €887 | €876 | €898 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,224 | €59,553 | €66,421 | €101,870 | €74,588 | ▼ 26.8% |
| Equity10/15 | €45,040 | €53,077 | €37,240 | €35,677 | €17,554 | ▼ 50.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| 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 | €30,780 | €38,817 | €22,980 | €21,417 | €3,294 | ▼ 84.6% |
| Amounts payable17/49 | €12,183 | €6,475 | €29,181 | €66,193 | €57,033 | ▼ 13.8% |
| Amounts payable after more than one year17 | - | - | €26,138 | €58,649 | €47,999 | ▼ 18.2% |
| Financial debts170/4 | - | - | €26,138 | €58,649 | €47,999 | ▼ 18.2% |
| Amounts payable within one year42/48 | €11,824 | €6,475 | €3,044 | €7,543 | €9,034 | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5,541 | - |
| Trade debts44 | €2,659 | €756 | €395 | €5,469 | €768 | ▼ 86.0% |
| Suppliers440/4 | - | €756 | €395 | €5,469 | €768 | ▼ 86.0% |
| Taxes, remuneration and social security45 | - | €4,869 | €2,054 | €2,074 | €1,937 | ▼ 6.6% |
| Taxes450/3 | - | €4,869 | €2,054 | €2,074 | €1,937 | ▼ 6.6% |
| Other amounts payable47/48 | - | €850 | €595 | - | €788 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,435 | €8,887 | -€15,838 | -€1,562 | -€18,123 | ▼ 1,060% |
| + Depreciation and write-downs630 | €6,689 | €1,118 | €795 | €946 | €946 | = |
| Operating cash flow (approximation) | -€3,746 | €10,005 | -€15,043 | -€616 | -€17,177 | ▼ 2,687% |
| Investment in fixed assets (approximation) | - | €0 | -€25,742 | -€33,031 | €0 | ▲ 100% |
| Change in cash | - | €4,045 | -€9,356 | €5,228 | -€4,862 | ▼ 193% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€18,123
Net result drops to -€18,123, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €8,887
Net result €8,887 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ecaussinnes · 1 establishment unit since 2004
Ground area
350 m²
Building footprint
270 m²
Volume, LiDAR
1,395 m³
2 parcels, Brussels, Wallonia · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FABNET
since 20042.136.237.334
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55008A0288/00B011 | Wallonia | 175 m² | 1 · 173 m² | - |
| 21013B0366/00Y003 | Brussels | 175 m² | 1 · 97 m² | 19.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
What Health!
BE 0867.092.797
Elsene · Eq €17,581
INSPIRING SOLUTIONS
BE 0745.711.452
Ukkel · Eq €17,643
MPC
BE 0776.530.926
Walcourt · Eq €17,648
C-TINA
BE 0830.630.992
Oudergem · Eq €17,665
MEDMEDI
BE 0795.310.324
Seneffe · Eq €17,432
Of 3,214 companies in sector 62900 we hold annual accounts for 1,746. 1,082 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)
Founded08-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863892688
Registered
30-12-2025
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.