FAES CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of FAES CONCEPT is 2.6% (moderate). The 2025 annual accounts show equity of €3,116 and a net result of €32,354. Equity is shrinking by ~59.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 28184 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
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€3,116▼ 26.9%
2024 · €4,262
Total assets
€171,106▲ 156%
2024 · €66,956
Net result
€32,354▲ 4,076%
2024 · €775
Working capital
-€26,076
2024 · €355
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
Line2022202320242025
Operating result€36,196-€16,491▼ 54.4%€1,209▼ 92.7%€43,994▲ 3,540%
Net result€29,392-€13,595▼ 53.7%€775▼ 94.3%€32,354▲ 4,076%
Equity€32,392-€45,987▲ 42.0%€4,262▼ 90.7%€3,116▼ 26.9%
Total assets€43,800-€57,401▲ 31.1%€66,956▲ 16.6%€171,106▲ 156%
Debt€11,408-€11,414▲ 0.1%€62,694▲ 449%€167,990▲ 168%
Working capital€32,392-€38,529▲ 18.9%€355▼ 99.1%-€26,076
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +156% on 2024. Cause not known from the registers.
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 €171,106
Fixed assets
€109,306 ▲ 2,698%
Current assets
€61,800 ▼ 2.0%
Equity and liabilities €171,106
Equity
€3,116 ▼ 26.9%
Debt
€167,990 ▲ 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
€51,663▲
2024 · €4,760
Cash flow
€40,023▲
2024 · €4,326
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
€87,877▲
2024 · €62,694
Debt > 1 year
€80,114
Income taxes
€10,832▲
2024 · €1,159
A ratio outside any meaningful range has been withheld (balance sheet total €171,106, equity €3,116).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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%.
| 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 2,155 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,195 | €3,551 | €7,669 | ▲ 116% |
| Other operating charges640/8 | €1,373 | €1,950 | €1,377 | €2,281 | ▲ 65.6% |
| Non-recurring operating charges66A | - | - | - | €2,255 | - |
| Gross operating margin9900 | €37,569 | €21,636 | €6,137 | €56,199 | ▲ 816% |
| Operating profit (loss)9901 | €36,196 | €16,491 | €1,209 | €43,994 | ▲ 3,540% |
| Financial income75/76B | €950 | €1,490 | €1,891 | €1,703 | ▼ 9.9% |
| Recurring financial income75 | €950 | €1,490 | €1,891 | €1,703 | ▼ 9.9% |
| Financial charges65/66B | €1 | €1 | €1,166 | €2,511 | ▲ 115% |
| Recurring financial charges65 | €1 | €1 | €1,166 | €2,511 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €37,145 | €17,980 | €1,934 | €43,186 | ▲ 2,133% |
| Income taxes67/77 | €7,753 | €4,384 | €1,159 | €10,832 | ▲ 835% |
| Profit (loss) for the period9904 | €29,392 | €13,595 | €775 | €32,354 | ▲ 4,076% |
| Profit (loss) for the period to be appropriated9905 | €29,392 | €13,595 | €775 | €32,354 | ▲ 4,076% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €43,800 | €57,401 | €66,956 | €171,106 | ▲ 156% |
| Fixed assets21/28 | - | €7,458 | €3,907 | €109,306 | ▲ 2,698% |
| Tangible fixed assets22/27 | - | €7,458 | €3,907 | €109,306 | ▲ 2,698% |
| Plant, machinery and equipment23 | - | €3,002 | €1,652 | €302 | ▼ 81.7% |
| Furniture and vehicles24 | - | €4,456 | €2,255 | €109,004 | ▲ 4,733% |
| Current assets29/58 | €43,800 | €49,943 | €63,049 | €61,800 | ▼ 2.0% |
| Amounts receivable within one year40/41 | €30,366 | €35,487 | €46,107 | €36,508 | ▼ 20.8% |
| Trade receivables40 | €1,945 | €3,062 | €4,664 | €8,423 | ▲ 80.6% |
| Other amounts receivable41 | €28,421 | €32,426 | €41,443 | €28,085 | ▼ 32.2% |
| Cash at bank and in hand54/58 | €13,434 | €14,246 | €16,350 | €23,976 | ▲ 46.6% |
| Deferred charges and accrued income490/1 | - | €210 | €592 | €1,316 | ▲ 122% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €43,800 | €57,401 | €66,956 | €171,106 | ▲ 156% |
| Equity10/15 | €32,392 | €45,987 | €4,262 | €3,116 | ▼ 26.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €29,392 | €42,987 | €1,262 | €116 | ▼ 90.8% |
| Amounts payable17/49 | €11,408 | €11,414 | €62,694 | €167,990 | ▲ 168% |
| Amounts payable after more than one year17 | - | - | - | €80,114 | - |
| Financial debts170/4 | - | - | - | €80,114 | - |
| Amounts payable within one year42/48 | €11,408 | €11,414 | €62,694 | €87,877 | ▲ 40.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,084 | - |
| Trade debts44 | €3,655 | €6,716 | €16,171 | €14,927 | ▼ 7.7% |
| Suppliers440/4 | €3,655 | €6,716 | €16,171 | €14,927 | ▼ 7.7% |
| Taxes, remuneration and social security45 | €7,753 | €4,698 | €4,023 | €18,366 | ▲ 357% |
| Taxes450/3 | €7,753 | €4,698 | €4,023 | €18,366 | ▲ 357% |
| Other amounts payable47/48 | - | - | €42,500 | €33,500 | ▼ 21.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,392 | €13,595 | €775 | €32,354 | ▲ 4,076% |
| + Depreciation and write-downs630 | - | €3,195 | €3,551 | €7,669 | ▲ 116% |
| Operating cash flow (approximation) | €29,392 | €16,790 | €4,326 | €40,023 | ▲ 825% |
| Investment in fixed assets (approximation) | - | - | €0 | -€113,068 | - |
| Change in cash | - | €811 | €2,104 | €7,627 | ▲ 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 €32,354 ▲4,076%
Operating result €43,994, net result €32,354, 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
SEBITEL
BE 1003.166.872
Ninove · Eq €3,115
SK Elektriciteit
BE 0791.523.661
Lier · Eq €3,127
Jerko Group
BE 0418.390.197
Antwerpen · Eq €3,129
IBSU SERVICES
BE 1020.560.754
Vilvoorde · Eq €3,102
AB ELECTRICITE & DOMOTIQUE
BE 1006.357.281
Seraing · Eq €3,132
Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 2,642 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793587781
Also
9925:BE0793587781
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.