Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
€360,170 of the debts are secured on the company's own assets. In 2022 that was €455,113.
Less equity than 92% of companies in specialised construction. Sector median €250,150 · 9,975 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 8% of them on solvency, 58% on liquidity, 31% on profitability and 87% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 522 companies had the same profile as FAC CONSTRUCT has now. Each dot stands for 2 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FAC CONSTRUCT itself is lower: 0.5% within 12 months. It rests on far more data about FAC CONSTRUCT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 522 companies, not a prediction for FAC CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.0 (0.84 in 2024), below the usual 1.5. Short-term debt is 8.5% and cash 8.5% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FAC CONSTRUCT Knokke-Heist | €545,956 | €47,346 | -0.5% | - |
| Homaco Moorslede | €495,348 | €42,538 | 29.0% | - |
| LUTS IMMO Bilzen-Hoeselt | €513,791 | €64,410 | 39.3% | - |
| CS RENOV Dilbeek | €498,116 | €44,005 | 28.4% | 0 |
| Po&Ma Evergem | €635,830 | €61,607 | 33.2% | - |
| KPsystems Beringen | €499,622 | €30,546 | 34.6% | - |
| SIMPERL Bredene | €488,667 | €31,831 | 6.7% | - |
These companies have the same main activity as FAC CONSTRUCT: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €489,000 and €636,000, founded between 2011 and 2017.
FAC CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €17,005 in 2016 to €47,346 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 8% of 9,973 companies in 2025.
Higher than 19% of 9,836 companies in 2025.
Higher than 28% of 9,905 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
545,956 | 561,440 | 585,682 | 608,507 | 641,141 | 664,502 | 702,504 | 789,047 | 764,770 | 796,326 | |
20 |
- | - | - | - | - | - | 680 | 1,586 | 2,493 | 3,399 | |
21/28 |
499,372 | 529,640 | 559,908 | 590,176 | 620,444 | 650,712 | 685,007 | 720,502 | 754,934 | 786,094 | |
22/27 |
499,372 | 529,640 | 559,908 | 590,176 | 620,444 | 650,712 | 685,007 | 720,502 | 754,934 | 782,695 | |
22 |
499,372 | 529,640 | 559,908 | 590,176 | 620,444 | 650,712 | 680,980 | 711,248 | 741,516 | 764,397 | |
23 |
- | - | - | - | - | - | 428 | 854 | - | - | |
24 |
- | - | - | - | - | - | 3,600 | 8,400 | 13,419 | 18,298 | |
29/58 |
46,585 | 31,800 | 25,774 | 18,331 | 20,697 | 13,790 | 16,817 | 66,958 | 7,343 | 10,232 | |
40/41 |
- | 28,612 | 24,361 | 17,488 | 6,410 | 10,115 | 707 | 63,766 | 5,144 | 3,330 | |
40 |
- | 28,612 | 24,361 | 17,488 | 6,410 | 10,034 | 626 | 62,410 | 5,112 | 2,987 | |
41 |
- | - | - | - | - | 81 | 81 | 1,357 | 32 | 343 | |
54/58 |
46,585 | 3,188 | 1,413 | 843 | 13,760 | 2,868 | 14,648 | 415 | 1,251 | 6,315 | |
490/1 |
- | - | - | - | 527 | 807 | 1,462 | 2,777 | 948 | 588 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
545,956 | 561,440 | 585,682 | 608,507 | 641,141 | 664,502 | 702,504 | 789,047 | 764,770 | 796,326 | |
10/15 |
-2,594 | -8,162 | -13,980 | -25,186 | -19,775 | -46,266 | -61,797 | -74,834 | -57,406 | -37,211 | |
10/11 |
34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | |
100 |
- | - | - | - | - | - | 100,000 | 100,000 | 100,000 | 100,000 | |
101 |
- | - | - | - | - | - | 66,000 | 66,000 | 66,000 | 66,000 | |
14 |
-36,594 | -42,162 | -47,980 | -59,186 | -53,775 | -80,266 | -95,797 | -108,834 | -91,406 | -71,211 | |
17/49 |
548,551 | 569,602 | 599,662 | 633,692 | 660,916 | 710,768 | 764,301 | 863,881 | 822,176 | 833,537 | |
17 |
502,061 | 531,964 | 562,268 | 552,733 | 583,934 | 614,690 | 516,188 | 543,843 | 570,895 | 597,324 | |
170/4 |
502,061 | 531,964 | 562,268 | 552,733 | 583,934 | 614,690 | 516,188 | 543,843 | 570,895 | 597,324 | |
42/48 |
46,490 | 37,638 | 37,394 | 80,959 | 76,982 | 96,078 | 245,271 | 320,038 | 247,781 | 236,213 | |
42 |
32,571 | 32,108 | 31,635 | 31,200 | 30,756 | 30,318 | 27,655 | 27,052 | 28,581 | 25,820 | |
44 |
12,557 | 4,010 | 3,951 | 6,314 | 2,433 | 2,369 | 12,204 | 52,813 | 14,326 | 22,156 | |
440/4 |
12,557 | 4,010 | 3,951 | 6,314 | 2,433 | 2,369 | 12,204 | 52,813 | 14,326 | 22,156 | |
46 |
- | - | - | - | - | 2,357 | 14,854 | - | - | - | |
45 |
1,361 | 1,520 | 1,808 | 1,859 | 2,623 | 5,344 | 8,890 | 3,347 | 2,885 | 1,282 | |
450/3 |
1,361 | 1,520 | 1,808 | 1,859 | 2,623 | 5,344 | 8,890 | 3,347 | 2,885 | 1,282 | |
47/48 |
- | - | - | 41,586 | 41,170 | 55,690 | 181,668 | 236,825 | 201,988 | 186,954 | |
492/3 |
- | - | - | - | - | - | 2,842 | - | 3,500 | - | |
| Income statement | |||||||||||
70 |
- | - | - | 57,229 | - | - | - | - | - | - | |
76A |
- | - | - | - | 5,645 | - | 12,053 | - | - | - | |
9900 |
47,346 | 48,863 | 52,241 | 57,074 | 68,457 | 80,227 | 96,010 | 88,501 | 50,271 | 17,005 | |
60/61 |
- | - | - | 4,025 | - | - | - | - | - | - | |
630 |
30,268 | 30,268 | 30,268 | 30,268 | 30,268 | 34,975 | 36,401 | 36,620 | 36,054 | 67,219 | |
640/8 |
3,178 | 4,349 | 4,214 | 25,234 | 4,336 | 17,172 | 30,610 | 50,935 | 17,148 | 4,066 | |
9901 |
13,901 | 14,246 | 17,759 | 1,572 | 33,853 | 28,080 | 28,999 | 946 | -2,931 | -54,280 | |
75/76B |
- | 9 | - | - | - | - | - | - | - | 2 | |
75 |
- | 9 | - | - | - | - | - | - | - | 2 | |
65/66B |
8,334 | 8,436 | 6,553 | 6,983 | 7,362 | 12,549 | 15,961 | 18,374 | 17,264 | 16,932 | |
65 |
8,334 | 8,436 | 6,553 | 6,983 | 7,362 | 12,549 | 15,961 | 18,374 | 17,264 | 16,932 | |
9903 |
5,567 | 5,818 | 11,206 | -5,411 | 26,491 | 15,531 | 13,037 | -17,428 | -20,195 | -71,211 | |
9904 |
5,567 | 5,818 | 11,206 | -5,411 | 26,491 | 15,531 | 13,037 | -17,428 | -20,195 | -71,211 | |
9905 |
5,567 | 5,818 | 11,206 | -5,411 | 26,491 | 15,531 | 13,037 | -17,428 | -20,195 | -71,211 | |
| Appropriation of the result | |||||||||||
9906 |
-36,594 | -42,162 | -47,980 | -59,186 | -53,775 | -80,266 | -95,797 | -108,834 | -91,406 | -71,211 | |
14P |
-42,162 | -47,980 | -59,186 | -53,775 | - | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00029195 | |
| 30-06-2024 | abbreviated format | 20-12-2024 | 2024-00624041 | |
| 30-06-2023 | abbreviated format | 23-02-2024 | 2024-00034634 | |
| 30-06-2022 | abbreviated format | 28-02-2023 | 2023-00036027 | |
| 30-06-2021 | abbreviated format | 25-02-2022 | 2022-06400145 | |
| 30-06-2020 | abbreviated format | 19-02-2021 | 2021-05700260 | |
| 30-06-2019 | abbreviated format | 15-01-2020 | 2020-01100129 | |
| 30-06-2018 | abbreviated format | 24-01-2019 | 2019-02000442 | |
| 30-06-2017 | abbreviated format | 12-01-2018 | 2018-01000010 | |
| 30-06-2016 | abbreviated format | 16-01-2017 | 2017-01100594 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 44,169 | 44,514 | 48,027 | 31,840 | 64,121 | 63,055 | 65,400 | 37,566 | 33,123 | 12,938 | ||
| 35,835 | 36,086 | 41,474 | 24,857 | 56,759 | 50,506 | 49,438 | 19,192 | 15,859 | -3,992 | ||
| 0 | 0 | 0 | -0 | 0 | 680 | 906 | 1,281 | 7,387 | 848,780 | ||
| 43,396 | 1,776 | 570 | -12,917 | 10,892 | -11,780 | 14,233 | -835 | -5,064 | - | ||
| 95 | -5,838 | -11,620 | -62,629 | -56,285 | -82,288 | -228,454 | -253,079 | -240,438 | -225,981 | ||
| - | - | - | 2.7% | - | - | - | - | - | - | ||
| -0.5% | -1.5% | -2.4% | -4.1% | -3.1% | -7.0% | -8.8% | -9.5% | -7.5% | -4.7% | ||
| 1.00 | 0.84 | 0.69 | 0.23 | 0.27 | 0.14 | 0.07 | 0.21 | 0.03 | 0.04 | ||
| 1.0% | 1.0% | 1.9% | -0.9% | 4.1% | 2.3% | 1.9% | -2.2% | -2.6% | -8.9% | ||
| 5.30 | 5.28 | 7.33 | 4.56 | - | - | - | - | - | - | ||
| - | - | - | 112 days | - | - | - | - | - | - | ||
| - | - | - | 573 days | - | - | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €545,956, equity -€2,594).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €360,170 | €392,278 | €423,913 | €455,113 |
| Mortgages, amount registered | €640,000 | €640,000 | €640,000 | €640,000 |
| Carrying value of the mortgaged assets | €499,372 | €529,640 | €559,908 | €590,176 |
| €125,000 | €125,000 | €125,000 | €125,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
The operating result for 2025 is 2% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Equity is negative. Debt (€548,551) exceeds the balance-sheet total (€545,956).
FAC CONSTRUCT has no parent and no holdings in its annual accounts. Christophe Van Middelem is the only director. FAC CONSTRUCT shares no director with another company.
| VMC CONSTRUCT
registered office since 13-02-2001 · founded in 2001 |
6.8 FTE (2025) 0473.746.713 |
| Knokke Building Company
registered office since 20-04-2004 · founded in 2004 |
1 FTE (2025) 0863.577.340 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| 't Walletje 93 registered office 8300 Knokke-Heist | 23-04-2015 | 2.242.530.429 |
| 27-10-2023 | Granted | Slopen van niet vrijstaande gebouwen of constructies submitted 07-08-2023 · project 2023089416 | Knokke-Heist |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31039F0126/00P002 | 2,532 m² | 1 · 1,754 m² | 9.5 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0628.830.907
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