FABULA RASA
ActiveSummary
FABULA RASA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,794) and a net result of €43,035. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 0.4 in 2024; short-term debt: 147.9% and cash: 77.4% of total assets), and equity is negative.
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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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer 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 2025Solvency, return and age of the figures
Solvency
-51.1%
Return on assets
282%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 3507 sector peers (2025).
NBB · sector comparisonPosition among 3507 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
25 d late
2023
71 d late
2022
91 d late
2021
25 d late
2020
30 d late
2019
106 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 23 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 25 August (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€7,794▲ 84.7%
2024 · -€50,829
Total assets
€15,261▼ 77.2%
2024 · €67,051
Net result
€43,035
2024 · -€30,392
Working capital
-€7,336▲ 89.6%
2024 · -€70,768
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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
Line20212022202320242025
Operating result€12,097▼ 48.4%-€32,879€6,247-€24,166€49,429
Net result€9,293within the sector's middle half▼ 53.8%-€36,673below the sector's middle half€212within the sector's middle half-€30,392below the sector's middle half€43,035above the sector's middle half
Equity€16,024within the sector's middle half▲ 138%-€20,649below the sector's middle half-€20,437below the sector's middle half▲ 1.0%-€50,829below the sector's middle half▼ 149%-€7,794below the sector's middle half▲ 84.7%
Total assets€141,574within the sector's middle half▲ 7.3%€126,327within the sector's middle half▼ 10.8%€99,020within the sector's middle half▼ 21.6%€67,051within the sector's middle half▼ 32.3%€15,261below the sector's middle half▼ 77.2%
Debt€125,551▲ 0.2%€146,976▲ 17.1%€119,457▼ 18.7%€117,880▼ 1.3%€23,055▼ 80.4%
Working capital-€53,632below the sector's middle half▲ 33.3%-€74,201below the sector's middle half▼ 38.4%-€56,414below the sector's middle half▲ 24.0%-€70,768below the sector's middle half▼ 25.4%-€7,336below the sector's middle half▲ 89.6%
Solvency11.3%below the sector's middle half▲ 6.2pp-16.3%below the sector's middle half▼ 27.7pp-20.6%below the sector's middle half▼ 4.3pp-75.8%below the sector's middle half▼ 55.2pp-51.1%below the sector's middle half▲ 24.7pp
Current ratio0.55below the sector's middle half▲ 0.260.49below the sector's middle half▼ 0.060.53below the sector's middle half▲ 0.040.40below the sector's middle half▼ 0.130.67below the sector's middle half▲ 0.28
Return on assets (ROA)6.6%within the sector's middle half▼ 8.7pp-29.0%below the sector's middle half▼ 35.6pp0.2%within the sector's middle half▲ 29.2pp-45.3%below the sector's middle half▼ 45.5pp282.0%above the sector's middle half▲ 327.3pp
Staff (FTE)6▲ 27.7%10▲ 66.7%14.1▲ 41.0%12.8▼ 9.2%4▼ 68.8%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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 returns to profit in 2025: €49,429 after a loss of €24,166 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15,261
Fixed assets
€31 ▼ 99.8%
Current assets
€15,230 ▼ 67.7%
Key figures and ratios
EBITDA
€49,923▲
2024 · -€6,045
Cash flow
€43,529▲
2024 · -€12,271
Debt to equity
-2.96▼
2024 · -2.32
Interest coverage
7.60▲
2024 · -0.97
Debt ≤ 1 year
€22,566▼
2024 · €117,880
Income taxes
€0▼
2024 · €2
Staff costs
€46,698▼
2024 · €149,990
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 3,640 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €80,443 | €111,002 | €159,525 | €149,990 | €46,698 | ▼ 68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,321 | €22,464 | €20,029 | €18,121 | €494 | ▼ 97.3% |
| Other operating charges640/8 | €15,960 | €1,776 | €4,420 | €3,967 | €1,967 | ▼ 50.4% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €135,821 | €102,364 | €190,221 | €147,912 | €98,588 | ▼ 33.3% |
| Operating profit (loss)9901 | €12,097 | -€32,879 | €6,247 | -€24,166 | €49,429 | ▲ 305% |
| Financial income75/76B | €254 | €28 | €0 | €15 | €172 | ▲ 1,038% |
| Recurring financial income75 | €254 | €28 | €0 | €15 | €172 | ▲ 1,038% |
| Financial charges65/66B | €3,056 | €3,821 | €6,035 | €6,239 | €6,566 | ▲ 5.2% |
| Recurring financial charges65 | €3,056 | €3,821 | €4,008 | €6,239 | €6,566 | ▲ 5.2% |
| Non-recurring financial charges66B | - | - | €2,027 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €9,295 | -€36,672 | €212 | -€30,390 | €43,035 | ▲ 242% |
| Income taxes67/77 | €2 | €1 | €0 | €2 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €9,293 | -€36,673 | €212 | -€30,392 | €43,035 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €9,293 | -€36,673 | €212 | -€30,392 | €43,035 | ▲ 242% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141,574 | €126,327 | €99,020 | €67,051 | €15,261 | ▼ 77.2% |
| Fixed assets21/28 | €75,260 | €54,524 | €35,977 | €19,939 | €31 | ▼ 99.8% |
| Tangible fixed assets22/27 | €75,260 | €54,104 | €35,557 | €19,519 | €31 | ▼ 99.8% |
| Plant, machinery and equipment23 | €6,829 | €4,401 | €1,972 | €374 | €0 | ▼ 100% |
| Furniture and vehicles24 | €12,583 | €7,918 | €4,597 | €561 | €31 | ▼ 94.5% |
| Other tangible fixed assets26 | €55,848 | €41,786 | €28,988 | €18,584 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €420 | €420 | €420 | €0 | ▼ 100% |
| Current assets29/58 | €66,314 | €71,803 | €63,043 | €47,113 | €15,230 | ▼ 67.7% |
| Stocks and contracts in progress3 | €5,024 | €8,687 | €9,684 | €6,195 | €0 | ▼ 100% |
| Stocks30/36 | €5,024 | €8,687 | €9,684 | €6,195 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €7,899 | €8,492 | €8,697 | €9,669 | €2,899 | ▼ 70.0% |
| Trade receivables40 | €1,931 | €1,576 | €427 | €1,157 | €0 | ▼ 100% |
| Other amounts receivable41 | €5,968 | €6,916 | €8,270 | €8,512 | €2,899 | ▼ 65.9% |
| Cash at bank and in hand54/58 | €50,465 | €52,051 | €41,752 | €28,232 | €11,812 | ▼ 58.2% |
| Deferred charges and accrued income490/1 | €2,926 | €2,573 | €2,909 | €3,017 | €519 | ▼ 82.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141,574 | €126,327 | €99,020 | €67,051 | €15,261 | ▼ 77.2% |
| Equity10/15 | €16,024 | -€20,649 | -€20,437 | -€50,829 | -€7,794 | ▲ 84.7% |
| Contributions10/11 | €62,400 | €62,400 | €62,400 | €62,400 | €62,400 | = |
| Reserves13 | €51,480 | €51,480 | €51,480 | €51,480 | €51,480 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | €49,620 | €49,620 | €49,620 | €49,620 | €51,480 | ▲ 3.7% |
| Profit (loss) carried forward14 | -€97,856 | -€134,529 | -€134,317 | -€164,709 | -€121,674 | ▲ 26.1% |
| Amounts payable17/49 | €125,551 | €146,976 | €119,457 | €117,880 | €23,055 | ▼ 80.4% |
| Amounts payable after more than one year17 | €5,604 | €973 | €0 | - | - | - |
| Financial debts170/4 | €5,604 | €973 | €0 | - | - | - |
| Amounts payable within one year42/48 | €119,946 | €146,004 | €119,457 | €117,880 | €22,566 | ▼ 80.9% |
| Current portion of amounts payable after more than one year42 | €35,102 | €32,927 | €28,412 | €27,440 | €0 | ▼ 100% |
| Trade debts44 | €26,923 | €46,922 | €31,450 | €39,817 | €6,133 | ▼ 84.6% |
| Suppliers440/4 | €26,923 | €46,922 | €31,450 | €39,817 | €6,133 | ▼ 84.6% |
| Taxes, remuneration and social security45 | €16,470 | €24,567 | €45,423 | €36,141 | €1,720 | ▼ 95.2% |
| Taxes450/3 | €8,736 | €11,475 | €23,688 | €21,346 | €1,720 | ▼ 91.9% |
| Remuneration and social security454/9 | €7,735 | €13,092 | €21,735 | €14,795 | €0 | ▼ 100% |
| Other amounts payable47/48 | €41,451 | €41,588 | €14,172 | €14,482 | €14,713 | ▲ 1.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €489 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,293 | -€36,673 | €212 | -€30,392 | €43,035 | ▲ 242% |
| + Depreciation and write-downs630 | €27,321 | €22,464 | €20,029 | €18,121 | €494 | ▼ 97.3% |
| Operating cash flow (approximation) | €36,615 | -€14,209 | €20,241 | -€12,271 | €43,529 | ▲ 455% |
| Investment in fixed assets (approximation) | - | -€1,728 | -€1,482 | -€2,083 | €19,414 | ▲ 1,032% |
| Change in cash | - | €1,585 | -€10,299 | -€13,520 | -€16,420 | ▼ 21.4% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €43,035
Net result €43,035 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-12
Financial
Back to profitnet €212
Net result €212 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
09-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 193 days late
2019
31-12
Financial
Back to profitnet €52,266
Net result €52,266 after one loss-making year.
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Deinze · 1 establishment unit since 2017
Ground area
1,706 m²
Building footprint
172 m²
Volume, LiDAR
939 m³
Parcel 44049E0718/00E000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
/
since 20172.260.227.088
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44049E0718/00E000 | Flanders | 1,706 m² | 1 · 172 m² | 9.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 948 EUR awarded · 948 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 948 EUR | 948 EUR |
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Of 4,560 companies in sector 74999 we hold annual accounts for 1,935. 1,215 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
Founded19-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887348377
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.