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FABRISAC

Active
Public limited companyfounded 199531 yrs activeScepterstraat 86, 1050 Elsene, BelgiumKBO/BCE: BE 0454.773.315
Summary

The computed 12-month bankruptcy probability of FABRISAC is 2.0% (moderate). The 2025 annual accounts show negative equity (-€60,541) and a net result of -€598. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 74 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability11▲+11
Solvency0=
Growth32=
Track record92
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.1 in 2024), and equity is negative.
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Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025
Solvency, return and age of the figures
Return on assets
-10.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
182425
2018 to 2025 · latest year -€60,541
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 25-05-2026, 67 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
67 d early
2024
61 d late
2018
200 d late
2017
565 d late
2016
917 d late
2015
1299 d late
2013
410 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 484 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Late accounts filing
Checked, nothing found (1)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline

History

FABRISAC was incorporated on 15 March 1995.1 Total assets fell from EUR 39,531 in 2018 to EUR 5,647 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€44,730
EBIT margin
36.0%
Net result
-€598▲ 96.9%
2024 · -€19,537
Working capital
-€60,541▼ 1.0%
2024 · -€59,943
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
Line201820242025
Turnover€44,730-
Operating result€16,086--€18,719--€393▲ 97.9%
Net result€16,079--€19,537--€598▲ 96.9%
EBIT margin36.0%-
Equity-€36,124--€59,943--€60,541▼ 1.0%
Total assets€39,531-€6,845-€5,647▼ 17.5%
Debt€75,654-€66,788-€66,188▼ 0.9%
Working capital-€47,500--€59,943--€60,541▼ 1.0%
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2018: €16,086€16,086Net result 2018: €16,079€16,079Operating result 2024: -€18,719-€18,719Net result 2024: -€19,537-€19,537Operating result 2025: -€393-€393Net result 2025: -€598-€598201820242025-€20,000-€10,000€0€10,000€20,000Operating result 2018: €16,086€16,100Net result 2018: €16,079€16,100Operating result 2024: -€18,719-€18,700Net result 2024: -€19,537-€19,500Operating result 2025: -€393-€393Net result 2025: -€598-€598201820242025
The operating result stays negative: a loss of €393 in 2025 against €18,719 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.09▼
2024 · 0.10
Quick ratio
0.03▼
2024 · 0.04
Debt to equity
-1.09▲
2024 · -1.11
ROA
-10.6%▲
2024 · -285.4%
Debt ≤ 1 year
€66,188▼
2024 · €66,788
A ratio outside any meaningful range has been withheld (balance sheet total €5,647, equity -€60,541).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
9.9% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,640 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€6,845€5,647▼
Current assets29/58€6,845€5,647▼
Stocks and contracts in progress3€4,260€3,628▼
Stocks30/36€4,260€3,628▼
Amounts receivable within one year40/41€2,462€2,019▼
Trade receivables40€905€1,182▲
Other amounts receivable41€1,557€837▼
Cash at bank and in hand54/58€123-
Equity and liabilities
Total equity and liabilities10/49€6,845€5,647▼
Equity10/15-€59,943-€60,541▼
Contributions10/11€61,973€61,973=
Capital10€61,973€61,973=
Issued capital100€61,973€61,973=
Profit (loss) carried forward14-€121,916-€122,514▼
Amounts payable17/49€66,788€66,188▼
Amounts payable within one year42/48€66,788€66,188▼
Trade debts44€5,606€977▼
Suppliers440/4€5,606€977▼
Other amounts payable47/48€61,182€65,211▲
Income statement Code20242025
Other operating charges640/8€1,172€596▼
Non-recurring operating charges66A€12,943-
Gross operating margin9900-€4,604€203▲
Operating profit (loss)9901-€18,719-€393▲
Financial charges65/66B€818€205▼
Recurring financial charges65€818€205▼
Profit (loss) for the period before taxes9903-€19,537-€598▲
Profit (loss) for the period9904-€19,537-€598▲
Profit (loss) for the period to be appropriated9905-€19,537-€598▲
Appropriation of the result
Profit (loss) to be appropriated9906-€121,916-€122,514▼
Profit (loss) brought forward from the previous period14P-€102,379-€121,916▼
Line201820242025Change
Turnover70€44,730---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€176---
Other operating charges640/8-€1,172€596▼ 49.1%
Non-recurring operating charges66A-€12,943--
Gross operating margin9900€17,366-€4,604€203▲ 104%
Operating profit (loss)9901€16,086-€18,719-€393▲ 97.9%
Recurring financial income75€0---
Financial charges65/66B-€818€205▼ 74.9%
Recurring financial charges65€7€818€205▼ 74.9%
Profit (loss) for the period before taxes9903€16,079-€19,537-€598▲ 96.9%
Income taxes67/77€0---
Profit (loss) for the period9904€16,079-€19,537-€598▲ 96.9%
Profit (loss) for the period to be appropriated9905€16,079-€19,537-€598▲ 96.9%
Line201820242025Change
Assets
Total assets20/58€39,531€6,845€5,647▼ 17.5%
Formation expenses20€0---
Fixed assets21/28€11,376---
Intangible fixed assets21€0---
Tangible fixed assets22/27€11,376---
Financial fixed assets28€0---
Current assets29/58€28,154€6,845€5,647▼ 17.5%
Stocks and contracts in progress3€16,442€4,260€3,628▼ 14.8%
Stocks30/36-€4,260€3,628▼ 14.8%
Amounts receivable within one year40/41€10,153€2,462€2,019▼ 18.0%
Trade receivables40-€905€1,182▲ 30.6%
Other amounts receivable41-€1,557€837▼ 46.2%
Current investments50/53€0---
Cash at bank and in hand54/58€1,560€123--
Equity and liabilities
Total equity and liabilities10/49€39,531€6,845€5,647▼ 17.5%
Equity10/15-€36,124-€59,943-€60,541▼ 1.0%
Contributions10/11€61,973€61,973€61,973=
Capital10-€61,973€61,973=
Issued capital100-€61,973€61,973=
Reserves13€372---
Profit (loss) carried forward14-€98,469-€121,916-€122,514▼ 0.5%
Provisions and deferred taxes16€0---
Amounts payable17/49€75,654€66,788€66,188▼ 0.9%
Amounts payable after more than one year17€0---
Amounts payable within one year42/48€75,654€66,788€66,188▼ 0.9%
Trade debts44€10,400€5,606€977▼ 82.6%
Suppliers440/4-€5,606€977▼ 82.6%
Other amounts payable47/48-€61,182€65,211▲ 6.6%
Line201820242025Change
Profit (loss) for the period9904€16,079-€19,537-€598▲ 96.9%
+ Depreciation and write-downs630€176---
Operating cash flow (approximation)€16,255-€19,537-€598▲ 96.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
25-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial Weakest financial yearnet -€19,537
Net result drops to -€19,537, the lowest in the series; recovery starts the following year.
2023
15-09
KBO administration Late accounts filing
2020
20-02
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 1299 days late
16-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 200 days late
16-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 565 days late
03-02
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 917 days late
2015
14-09
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 410 days late
2014
28-07
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 362 days late
2012
27-07
NBB filing Annual accounts filed
fiscal year 2011 · full schema
2011
30-06
NBB filing Annual accounts filed
fiscal year 2010 · full schema
SignalFinancial 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, Elsene · 1 establishment unit since 1995
seat establishment approximate The establishment unit on the map
Ground area
559 m²
2 parcels, Brussels. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
FABRISAC SA
Skepterstraat 86, 1040 EtterbeekManufacture of basic pharmaceutical products and pharmaceutical preparations
since 19952.072.606.819
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21363B0465/00W038 Brussels 475 m² - -
21442A0069/00N004 Brussels 84 m² - -
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 and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 190 companies in sector 17210 we hold annual accounts for 154. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded15-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
17210Manufacture of paper and paper products
46900Non-specialised wholesale trade
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0454773315
Also 9925:BE0454773315

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.