Checked.be
Active
BE 0508.679.876Private limited companyOpen bankruptcy
FACILITECH
Steenweg Borgloon 34 ·3830 Wellen, Belgium· 13 yrs active
Sector: General electrical installation work
(43211)
Conclusion
A bankruptcy procedure is open for FACILITECH according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €102k and a net result of €-21k.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €102k |
| Net result | €-21k |
| Better than sector | 29% |
| Active | 13 yrs |
Financial profile
14
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
17
Growth
52
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
75
2018
75
2019
83
2020
46
2021
2
2022
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.32 (< 1.0)
-10
Quick ratio
Quick ratio 0.32 (< 0.6)
-5
Leverage
Debt/equity 3.71 (> 3.0)
-10
Profitability
Negatieve ROE -21%
-10
Interest coverage
Interest coverage -2.6× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 05-06-2023 with the NBB · fiscal year 2022 · abbreviated schema
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.3% | 35.4% | |
| Net result | €-21k | €39k | |
| Equity | €102k | €235k | |
| Gross operating margin | €-12k | €282k | |
| Total assets | €480k | €757k |
€-14k
-
18-22
€-21k
-
18-22
€-17k
-
18-22
€480k
+1.7%
18-22
€102k
-17.4%
18-22
€-169k
-59.6%
18-22
€436
-92.7%
18-22
€378k
+8.5%
18-22
€247k
+44.1%
18-22
€131k
-26.0%
18-22
0.32
-17.2%
18-22
0.32
-17.2%
18-22
21.3%
-18.8%
18-22
3.71
+31.3%
18-22
-21.0%
-
18-22
-4.5%
-
18-22
-2.58
-
18-22
Figures by fiscal year and ratios
| Fiscal year | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-14k | €27k | €56k | €19k | €51k |
| Net profit | €-21k | €10k | €38k | €15k | €25k |
| Cash flow | €-17k | €14k | €42k | €16k | €25k |
| Staff costs | - | - | - | - | - |
| Income taxes | €436 | €6k | €16k | €7k | €17k |
| Dividends | - | - | - | - | - |
| Total assets | €480k | €472k | €147k | €128k | €119k |
| Equity | €102k | €124k | €114k | €75k | €60k |
| Debt | €378k | €349k | €33k | €52k | €59k |
| of which ≤ 1y | €247k | €172k | €33k | €52k | €59k |
| of which > 1y | €131k | €177k | - | - | - |
| Working capital | €-169k | €-106k | €104k | €75k | €59k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Current ratio | 0.32 | 0.38 | 4.19 | 2.44 | 2.01 |
| Quick ratio | 0.32 | 0.38 | 4.19 | 2.44 | 2.01 |
| Working capital ratio | -35.1% | -22.4% | 71.1% | 58.7% | 49.9% |
| Solvency | 21.3% | 26.2% | 77.7% | 59.1% | 50.6% |
| Debt / equity | 3.71 | 2.82 | - | - | - |
| Long-term debt ratio | 1.28 | 1.43 | - | - | - |
| Interest coverage | -2.58 | 3.63 | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -4.5% | 2.0% | 26.2% | 12.0% | 20.7% |
| ROE | -21.0% | 7.7% | 33.8% | 20.2% | 41.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2022
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €480k | €472k | €147k | €128k | €119k |
| Fixed assets | 21/28 | €402k | €406k | €10k | €523 | €764 |
| Tangible fixed assets | 22/27 | €2k | €6k | €10k | €523 | €764 |
| Financial fixed assets | 28 | €400k | €400k | - | - | - |
| Current assets | 29/58 | €79k | €66k | €137k | €127k | €118k |
| Amounts receivable within one year | 40/41 | €72k | €57k | €99k | €82k | €114k |
| Cash & bank | 54/58 | €3k | €5k | €37k | €45k | €4k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €480k | €472k | €147k | €128k | €119k |
| Equity | 10/15 | €102k | €124k | €114k | €75k | €60k |
| Contributions / capital | 10/11 | €6k | €6k | - | €6k | €6k |
| Reserves | 13 | €117k | €117k | €108k | €69k | €54k |
| Accumulated profits (losses) | 14 | €-21k | - | - | €-8k | - |
| Amounts payable | 17/49 | €378k | €349k | €33k | €52k | €59k |
| Amounts payable after one year | 17 | €131k | €177k | - | - | - |
| Amounts payable within one year | 42/48 | €247k | €172k | €33k | €52k | €59k |
| Trade debts payable within one year | 44 | €3k | €7k | €7k | €7k | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-12k | €28k | €57k | €20k | €52k |
| Operating result | 9901 | €-19k | €22k | €53k | €18k | €50k |
| Financial income | 75 | €3k | €787 | €5k | €6k | €6k |
| Financial charges | 65 | €5k | €7k | €3k | €2k | €7k |
| Result before taxes | 9903 | €-21k | €16k | €55k | €22k | €49k |
| Income taxes | 67/77 | €436 | €6k | €16k | €7k | €17k |
| Net result for the period | 9904 | €-21k | €10k | €38k | €15k | €32k |
| Result to be appropriated | 9905 | €-21k | €10k | €38k | €15k | €32k |
Directors & mandates
Current directors & mandates
-
Reners KevinDirectorState Gazette act 23441536 (30-11-2023)Current30-11-2023 → present
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | MARTINE CLAESEN RIEMSTERWEG 7A BUS 2,
3740 BILZEN-HOESELT |
12-06-2025 → present |
| Curator | MARK
HUYGEN RIEMSTERWEG 7A BUS 2, 3740 BILZEN-HOESELT- |
12-06-2025 → present |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 21-12-2012 |
| Status | Active |
| Postal code | 3830 |
| First insolvency signal | 18-06-2025 |
| Latest insolvency signal | 18-06-2025 |
Establishment units
Steenweg Borgloon 34, 3830 Wellen
since 20122.216.342.607
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098C0130/00C000 | Flanders | 2,352 m² | 1 · 175 m² | 7.8 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
18-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · FACILITECH BV STEENWEG BORGLOON 34, 3830 WELLEN · event 12-06-2025
2023
30-11
State Gazette act
Director changes
Natalie Cabes
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 36 days late
2022
30-09
Financial
Weakest financial yearnet €-21k ▼324%
Net result drops to €-21k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €38k ▲152%
Operating result €53k, net result €38k, both a record.
30-09
Financial
Equity above €100kEq €114k ▲51%
3 profitable years in a row build equity to €114k.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
18-06-2025
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
30-11-2023 Reners Kevin appointed as director
- Reners Kevin, Bestuurder
Notary:
Natalie Cabes · Houthalen-Helchteren
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Reners Kevin",
"address": "3830 Wellen, Steenweg Borgloon 34",
"birth_date": "1978-06-14",
"profession": null,
"birth_place": "Hasselt"
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": "niet_statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "decharge_granted",
"role": "bestuurder",
"person": null,
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De algemene vergadering heeft volledige en algehele kwijting verleend aan de ontslagnemende zaakvoerder voor de uitoefening van zijn mandaat.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Natalie Cabes",
"firm_city": null,
"firm_name": null,
"office_city": "Houthalen-Helchteren",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-11-30",
"filing_date": "2023-11-28",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-11-17",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0508.679.876",
"name_full": "FACILITECH",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Natalie Cabes",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Een eensluidende uitgifte van dit proces-verbaal van 17 november 2023, houdende omzetting van de vennootschap in een besloten vennootschap met aanneming nieuwe statuten en andere statutenwijzigingen",
"een exemplaar van de geco\u00F6rdineerde tekst van de statuten"
],
"corrected_publication_numac": null
}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
General electrical installation work43211
Names & trade names
| Legal nameNL | FACILITECH |
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