FAES CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of FAES CONCEPT is 2.6% (moderate). The 2025 annual accounts show equity of €3k and a net result of €32k. Equity is shrinking by ~59.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+38
Solvency27▼-4
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.8%
Return on assets
18.9%
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 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← weakest
strongest →
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 20-05-2026, 72 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
72 d early
2024
73 d early
2023
43 d early
2022
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 26.9%
2024 · €4k
2022: €32k
2023: €46k▲ +42.0% vs 2022highest in 4 years
2024: €4k▼ -90.7% vs 2023
2025: €3k▼ -26.9% vs 2024lowest in 4 years
2022 → 2025
Total assets
€171k▲ 156%
2024 · €67k
2022: €44klowest in 4 years
2023: €57k▲ +31.1% vs 2022
2024: €67k▲ +16.6% vs 2023
2025: €171k▲ +156% vs 2024highest in 4 years
2022 → 2025
Net result
€32k▲ 4,076%
2024 · €775
2022: €29k
2023: €14k▼ -53.7% vs 2022
2024: €775▼ -94.3% vs 2023lowest in 4 years
2025: €32k▲ +4076% vs 2024highest in 4 years
2022 → 2025
Working capital
€-26k
2024 · €355
2022: €32k
2023: €39k▲ +18.9% vs 2022highest in 4 years
2024: €355▼ -99.1% vs 2023
2025: €-26k▼ -7449% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€32k-€46k▲ 42.0%€4k▼ 90.7%€3k▼ 26.9%
2022: €32k
2023: €46k▲ +42.0% vs 2022highest in 4 years
2024: €4k▼ -90.7% vs 2023
2025: €3k▼ -26.9% vs 2024lowest in 4 years
Operating result€36k-€16k▼ 54.4%€1k▼ 92.7%€44k▲ 3,540%
2022: €36k
2023: €16k▼ -54.4% vs 2022
2024: €1k▼ -92.7% vs 2023lowest in 4 years
2025: €44k▲ +3540% vs 2024highest in 4 years
Net result€29k-€14k▼ 53.7%€775▼ 94.3%€32k▲ 4,076%
2022: €29k
2023: €14k▼ -53.7% vs 2022
2024: €775▼ -94.3% vs 2023lowest in 4 years
2025: €32k▲ +4076% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3,540% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€109k ▲ 2,698%
Current assets
€62k ▼ 2.0%
Equity and liabilities €171k
Equity
€3k ▼ 26.9%
Debt
€168k ▲ 168%
Debt's share of the balance-sheet total rises from 93.6% to 98.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52k▲
2024 · €5k
Cash flow
€40k▲
2024 · €4k
Current ratio
0.70▼
2024 · 1.01
Debt to equity
53.91▲
2024 · 14.71
ROA
18.9%▲
2024 · 1.2%
Interest coverage
20.57▲
2024 · 4.08
Debt ≤ 1 year
€88k▲
2024 · €63k
Debt > 1 year
€80k
Income taxes
€11k▲
2024 · €1k
A ratio outside any meaningful range has been withheld (balance sheet total €171k, equity €3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€67k€171k▲
Fixed assets21/28€4k€109k▲
Tangible fixed assets22/27€4k€109k▲
Plant, machinery and equipment23€2k€302▼
Furniture and vehicles24€2k€109k▲
Current assets29/58€63k€62k▼
Amounts receivable within one year40/41€46k€37k▼
Trade receivables40€5k€8k▲
Other amounts receivable41€41k€28k▼
Cash at bank and in hand54/58€16k€24k▲
Deferred charges and accrued income490/1€592€1k▲
Equity and liabilities
Total equity and liabilities10/49€67k€171k▲
Equity10/15€4k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€1k€116▼
Amounts payable17/49€63k€168k▲
Amounts payable after more than one year17-€80k
Financial debts170/4-€80k
Amounts payable within one year42/48€63k€88k▲
Current portion of amounts payable after more than one year42-€21k
Trade debts44€16k€15k▼
Suppliers440/4€16k€15k▼
Taxes, remuneration and social security45€4k€18k▲
Taxes450/3€4k€18k▲
Other amounts payable47/48€43k€34k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€6k€56k▲
Operating profit (loss)9901€1k€44k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€2k€43k▲
Income taxes67/77€1k€11k▲
Profit (loss) for the period9904€775€32k▲
Profit (loss) for the period to be appropriated9905€775€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€34k▼
Profit (loss) brought forward from the previous period14P€43k€1k▼
Profit to be distributed694/7€43k€34k▼
Return on contributions (dividend)694€43k€34k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3k | €4k | €8k | ▲ 116% |
| Other operating charges640/8 | €1k | €2k | €1k | €2k | ▲ 65.6% |
| Non-recurring operating charges66A | - | - | - | €2k | - |
| Gross operating margin9900 | €38k | €22k | €6k | €56k | ▲ 816% |
| Operating profit (loss)9901 | €36k | €16k | €1k | €44k | ▲ 3,540% |
| Financial income75/76B | €950 | €1k | €2k | €2k | ▼ 9.9% |
| Recurring financial income75 | €950 | €1k | €2k | €2k | ▼ 9.9% |
| Financial charges65/66B | €1 | €1 | €1k | €3k | ▲ 115% |
| Recurring financial charges65 | €1 | €1 | €1k | €3k | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €37k | €18k | €2k | €43k | ▲ 2,133% |
| Income taxes67/77 | €8k | €4k | €1k | €11k | ▲ 835% |
| Profit (loss) for the period9904 | €29k | €14k | €775 | €32k | ▲ 4,076% |
| Profit (loss) for the period to be appropriated9905 | €29k | €14k | €775 | €32k | ▲ 4,076% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €44k | €57k | €67k | €171k | ▲ 156% |
| Fixed assets21/28 | - | €7k | €4k | €109k | ▲ 2,698% |
| Tangible fixed assets22/27 | - | €7k | €4k | €109k | ▲ 2,698% |
| Plant, machinery and equipment23 | - | €3k | €2k | €302 | ▼ 81.7% |
| Furniture and vehicles24 | - | €4k | €2k | €109k | ▲ 4,733% |
| Current assets29/58 | €44k | €50k | €63k | €62k | ▼ 2.0% |
| Amounts receivable within one year40/41 | €30k | €35k | €46k | €37k | ▼ 20.8% |
| Trade receivables40 | €2k | €3k | €5k | €8k | ▲ 80.6% |
| Other amounts receivable41 | €28k | €32k | €41k | €28k | ▼ 32.2% |
| Cash at bank and in hand54/58 | €13k | €14k | €16k | €24k | ▲ 46.6% |
| Deferred charges and accrued income490/1 | - | €210 | €592 | €1k | ▲ 122% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €44k | €57k | €67k | €171k | ▲ 156% |
| Equity10/15 | €32k | €46k | €4k | €3k | ▼ 26.9% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €29k | €43k | €1k | €116 | ▼ 90.8% |
| Amounts payable17/49 | €11k | €11k | €63k | €168k | ▲ 168% |
| Amounts payable after more than one year17 | - | - | - | €80k | - |
| Financial debts170/4 | - | - | - | €80k | - |
| Amounts payable within one year42/48 | €11k | €11k | €63k | €88k | ▲ 40.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21k | - |
| Trade debts44 | €4k | €7k | €16k | €15k | ▼ 7.7% |
| Suppliers440/4 | €4k | €7k | €16k | €15k | ▼ 7.7% |
| Taxes, remuneration and social security45 | €8k | €5k | €4k | €18k | ▲ 357% |
| Taxes450/3 | €8k | €5k | €4k | €18k | ▲ 357% |
| Other amounts payable47/48 | - | - | €43k | €34k | ▼ 21.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €14k | €775 | €32k | ▲ 4,076% |
| + Depreciation and write-downs630 | - | €3k | €4k | €8k | ▲ 116% |
| Operating cash flow (approximation) | €29k | €17k | €4k | €40k | ▲ 825% |
| Investment in fixed assets (approximation) | - | - | €0 | €-113k | - |
| Change in cash | - | €811 | €2k | €8k | ▲ 262% |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €32k ▲4,076%
Operating result €44k, net result €32k, both a record.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €775 ▼94.3%
Net result drops to €775, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 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.
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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, Braine-le-Château · 1 establishment unit since 2022
Ground area
604 m²
Building footprint
49 m²
Volume, LiDAR
435 m³
Parcel 25111B0125/00W000, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FAES CONCEPT
since 20222.338.565.377
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111B0125/00W000 | Wallonia | 604 m² | 1 · 49 m² | 10.8 m · 3 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.
Similar companies · same sector, comparable size
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SK Elektriciteit
BE 0791.523.661
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Jerko Group
BE 0418.390.197
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IBSU SERVICES
BE 1020.560.754
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AB ELECTRICITE & DOMOTIQUE
BE 1006.357.281
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 2,633 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
Founded15-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
Scores and ratios are computed by Checked and are not a credit decision.