FAG CONSTRUCT

Active

Private limited companyfounded 20179 yrs activeRue des Digues 103, 7090 Braine-le-Comte, BelgiumKBO/BCE: BE 0673.858.604

The computed 12-month bankruptcy probability of FAG CONSTRUCT is 1.8% (moderate). The 2024 annual accounts show equity of €47k and a net result of €-63k. Equity is shrinking by ~14% per year across the filed fiscal years. Its solvency ranks better than 67% of 36376 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair▼ -48 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-55

Solvency99▼-1

Growth32=

Stability100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 2.3 against 3.82 in 2023), and 38.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

61.5%

Return on assets

-83.6%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-12-2025, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

132 d late

2023

96 d late

2022

60 d late

2021

54 d late

2020

116 d late

2019

73 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€47k▼ 57.6%

2023 · €110k

2018: €149k 2019: €171k 2020: €131k 2021: €117k 2022: €98k 2023: €110k

2018 → 2024

Total assets

€76k▼ 49.3%

2023 · €150k

2018: €231k 2019: €260k 2020: €243k 2021: €238k 2022: €140k 2023: €150k

2018 → 2024

Net result

€-63k

2023 · €12k

2018: €78k 2019: €22k 2020: €-40k 2021: €22k 2022: €-19k 2023: €12k

2018 → 2024

Working capital

€38k▼ 63.8%

2023 · €105k

2018: €142k 2019: €167k 2020: €122k 2021: €110k 2022: €92k 2023: €105k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€131k-€117k▼ 10.6%€98k▼ 16.1%€110k▲ 12.3%€47k▼ 57.6%

Operating result€-39k-€22k€-18k€12k€-63k

Net result€-40k-€22k€-19k€12k€-63k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €63k after €12k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €76k

11%

88.7%

Fixed assets €9k▲ 15.8%

Current assets €67k▼ 52.7%

Equity and liabilities €76k

61.5%

38.5%

Equity €47k▼ 57.6%

Debt €29k▼ 26.3%

The debt ratio rises from 26.5% to 38.5%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-56k▼

2023 · €20k

Cash flow

€-56k▼

2023 · €20k

Solvency

61.5%▼

2023 · 73.5%

Current ratio

2.30▼

2023 · 3.82

Quick ratio

2.30▼

2023 · 3.82

Debt / equity

0.63▲

2023 · 0.36

ROE

-136.0%▼

2023 · 10.9%

ROA

-83.6%▼

2023 · 8.1%

Interest coverage

-129.71▼

2023 · 26.68

Debt

€29k▼

2023 · €40k

Debt ≤ 1 year

€29k▼

2023 · €37k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€150k€76k▼

Fixed assets21/28€7k€9k▲

Tangible fixed assets22/27€7k€6k▼

Furniture and vehicles24€7k€6k▼

Financial fixed assets28-€3k

Current assets29/58€142k€67k▼

Amounts receivable within one year40/41€39k€23k▼

Trade receivables40€27k€13k▼

Other amounts receivable41€12k€10k▼

Cash at bank and in hand54/58€99k€40k▼

Deferred charges and accrued income490/1€4k€5k▲

Equity and liabilities

Total equity and liabilities10/49€150k€76k▼

Equity10/15€110k€47k▼

Contributions10/11€6k€6k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€102k€39k▼

Amounts payable17/49€40k€29k▼

Amounts payable after more than one year17€2k-

Financial debts170/4€2k-

Amounts payable within one year42/48€37k€29k▼

Current portion of amounts payable after more than one year42€7k€2k▼

Trade debts44€21k€18k▼

Suppliers440/4€21k€18k▼

Taxes, remuneration and social security45€10k€9k▼

Taxes450/3€5k€2k▼

Remuneration and social security454/9€4k€7k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼

Other operating charges640/8€2k€3k▲

Non-recurring operating charges66A-€282

Gross operating margin9900€22k€-52k▼

Operating profit (loss)9901€12k€-63k▼

Financial income75/76B€379€264▼

Recurring financial income75€379€264▼

Financial charges65/66B€760€429▼

Recurring financial charges65€760€429▼

Profit (loss) for the period before taxes9903€12k€-63k▼

Income taxes67/77€59-

Profit (loss) for the period9904€12k€-63k▼

Profit (loss) for the period to be appropriated9905€12k€-63k▼

Appropriation of the result

Profit (loss) to be appropriated9906€102k€39k▼

Profit (loss) brought forward from the previous period14P€90k€102k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 5Filings 8

2025

10-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 132 days late

2024

31-12

Financial Weakest financial yearnet €-63k ▼626%

Net result drops to €-63k, the lowest in the series.

04-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 96 days late

2023

31-12

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

31-12

Financial Equity above €100kEq €110k ▲12.3%

Equity rises from €98k to €110k.

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

23-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 54 days late

2021

31-12

Financial Back to profitnet €22k

Net result €22k after one loss-making year.

24-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 116 days late

2020

12-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 73 days late

2019

31-12

Financial Equity above €150kEq €171k ▲14.5%

2 profitable years in a row build equity to €171k.

22-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 83 days late

2018

26-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 57 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Braine-le-Comte · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue des Digues 1037090 Braine-le-Comte

Ground area

267 m²

Building footprint

54 m²

Parcel 55302B0085/00V002, Wallonia. Linked by address, not a title deed.

1 establishment unit

FAG CONSTRUCT

Rue des Digues 103, 7090 Braine-le-ComteManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20172.263.101.258

1 parcel

Wallonia 1 (100%)