FAG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FAG CONSTRUCT is 2.4% (moderate). The 2025 annual accounts show equity of €25,784 and a net result of -€20,831. Equity is shrinking by about 17% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 32% of 34,718 sector peers (NACE 43, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €25,784
- Loss
- -€20,831
Why 51raises riskLast filed accounts filed 68 days late; 3 of the last 3 lateLoss of €20,831, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.35, cash €13,853, halvedShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 33% on solvency, 22% on liquidity, 4% on profitability and 10% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 86 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€63,407
Financials · financial year 2025, micro format
2025 annual accounts filed late (68 days) Filed on 7 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549754.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €21,217 in 2025 against €63,242 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.3% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,592 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,766 | €4,038 | €7,007 | €8,257 | €7,985 | €7,783 | €7,643 | €4,545 | ▼ 40.5% |
| Other operating charges640/8 | - | - | - | €1,520 | €1,134 | €1,948 | €2,974 | €3,512 | ▲ 18.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €282 | - | - |
| Gross operating margin9900 | €104,025 | €32,543 | -€31,468 | €32,038 | -€9,267 | €22,215 | -€52,343 | -€13,160 | ▲ 74.9% |
| Operating profit (loss)9901 | €97,576 | €27,613 | -€39,366 | €22,261 | -€18,386 | €12,484 | -€63,242 | -€21,217 | ▲ 66.5% |
| Financial income75/76B | - | - | - | €298 | €259 | €379 | €264 | €551 | ▲ 109% |
| Recurring financial income75 | €116 | €121 | €129 | €298 | €259 | €379 | €264 | €551 | ▲ 109% |
| Financial charges65/66B | - | - | - | €682 | €634 | €760 | €429 | €166 | ▼ 61.3% |
| Recurring financial charges65 | €38 | €191 | €698 | €682 | €634 | €760 | €429 | €166 | ▼ 61.3% |
| Profit (loss) for the period before taxes9903 | €97,654 | €27,543 | -€39,935 | €21,877 | -€18,760 | €12,104 | -€63,407 | -€20,831 | ▲ 67.1% |
| Income taxes67/77 | €20,094 | €5,952 | - | - | - | €59 | - | - | - |
| Profit (loss) for the period9904 | €77,560 | €21,591 | -€39,935 | €21,877 | -€18,760 | €12,045 | -€63,407 | -€20,831 | ▲ 67.1% |
| Profit (loss) for the period to be appropriated9905 | €77,560 | €21,591 | -€39,935 | €21,877 | -€18,760 | €12,045 | -€63,407 | -€20,831 | ▲ 67.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €231,143 | €259,735 | €242,537 | €237,963 | €140,393 | €149,611 | €75,810 | €83,537 | ▲ 10.2% |
| Fixed assets21/28 | €7,216 | €3,995 | €31,417 | €23,160 | €15,175 | €7,392 | €8,562 | €5,630 | ▼ 34.2% |
| Tangible fixed assets22/27 | €7,216 | €3,995 | €31,417 | €23,160 | €15,175 | €7,392 | €6,042 | €3,110 | ▼ 48.5% |
| Plant, machinery and equipment23 | - | - | - | €264 | €31 | - | - | €1,201 | - |
| Furniture and vehicles24 | - | - | - | €22,896 | €15,144 | €7,392 | €6,042 | €1,910 | ▼ 68.4% |
| Financial fixed assets28 | - | - | - | - | - | - | €2,520 | €2,520 | = |
| Current assets29/58 | €223,926 | €255,741 | €211,121 | €214,804 | €125,218 | €142,219 | €67,249 | €77,907 | ▲ 15.8% |
| Amounts receivable within one year40/41 | €37,870 | €77,637 | €95,169 | €83,401 | €46,890 | €38,641 | €22,597 | €61,667 | ▲ 173% |
| Trade receivables40 | - | - | - | €78,626 | €43,296 | €26,796 | €12,628 | €53,128 | ▲ 321% |
| Other amounts receivable41 | - | - | - | €4,775 | €3,594 | €11,845 | €9,969 | €8,538 | ▼ 14.4% |
| Cash at bank and in hand54/58 | €185,119 | €178,015 | €111,002 | €131,293 | €71,493 | €99,142 | €39,986 | €13,853 | ▼ 65.4% |
| Deferred charges and accrued income490/1 | - | - | - | €110 | €6,835 | €4,436 | €4,666 | €2,387 | ▼ 48.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €231,143 | €259,735 | €242,537 | €237,963 | €140,393 | €149,611 | €75,810 | €83,537 | ▲ 10.2% |
| Equity10/15 | €148,920 | €170,511 | €130,575 | €116,738 | €97,978 | €110,022 | €46,615 | €25,784 | ▼ 44.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €140,860 | €162,451 | €122,515 | €108,678 | €89,918 | €101,962 | €38,555 | €17,724 | ▼ 54.0% |
| Amounts payable17/49 | €82,223 | €89,225 | €111,962 | €121,225 | €42,415 | €39,589 | €29,195 | €57,753 | ▲ 97.8% |
| Amounts payable after more than one year17 | - | - | €23,055 | €16,305 | €9,413 | €2,378 | - | - | - |
| Financial debts170/4 | - | - | - | €16,305 | €9,413 | €2,378 | - | - | - |
| Amounts payable within one year42/48 | €82,223 | €89,225 | €88,907 | €104,899 | €32,980 | €37,211 | €29,195 | €57,753 | ▲ 97.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,750 | €6,891 | €7,035 | €2,378 | - | - |
| Trade debts44 | €19,758 | €61,171 | €74,075 | €55,745 | €20,699 | €20,676 | €17,917 | €52,178 | ▲ 191% |
| Suppliers440/4 | - | - | - | €55,745 | €20,699 | €20,676 | €17,917 | €52,178 | ▲ 191% |
| Taxes, remuneration and social security45 | - | - | - | €6,690 | €5,389 | €9,500 | €8,900 | €5,575 | ▼ 37.4% |
| Taxes450/3 | - | - | - | €2,100 | €3,000 | €5,100 | €2,200 | €2,875 | ▲ 30.7% |
| Remuneration and social security454/9 | - | - | - | €4,590 | €2,389 | €4,400 | €6,700 | €2,700 | ▼ 59.7% |
| Other amounts payable47/48 | - | - | - | €35,714 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €21 | €21 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,560 | €21,591 | -€39,935 | €21,877 | -€18,760 | €12,045 | -€63,407 | -€20,831 | ▲ 67.1% |
| + Depreciation and write-downs630 | €3,766 | €4,038 | €7,007 | €8,257 | €7,985 | €7,783 | €7,643 | €4,545 | ▼ 40.5% |
| Operating cash flow (approximation) | €81,326 | €25,629 | -€32,928 | €30,134 | -€10,775 | €19,827 | -€55,764 | -€16,287 | ▲ 70.8% |
| Investment in fixed assets (approximation) | - | -€816 | -€34,429 | €0 | €0 | €0 | -€8,813 | -€1,613 | ▲ 81.7% |
| Change in cash | - | -€7,104 | -€67,013 | €20,290 | -€59,800 | €27,650 | -€59,156 | -€26,133 | ▲ 55.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-10-2026 | 2026-00549754 |
| 31-12-2024 | micro format | 10-12-2025 | 2025-00578893 |
| 31-12-2023 | micro format | 04-11-2024 | 2024-00533051 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00467512 |
| 31-12-2021 | micro format | 23-09-2022 | 2022-20441033 |
| 31-12-2020 | micro format | 24-11-2021 | 2021-78300354 |
| 31-12-2019 | micro format | 12-10-2020 | 2020-61100251 |
| 31-12-2018 | micro format | 22-10-2019 | 2019-71000347 |
| 31-12-2017 | micro format | 26-09-2018 | 2018-67100267 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BAPTISTA GOMES Fernando |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-04
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignation: BAPTISTA GOMES Fernando (gérant non statutaire) · Appointment: BAPTISTA GOMES Fernando (director) · Incorporation25 facts ▸
- General meeting, 19-12-2023
- Incorporation, 03-04-2017
- Other provision, “statuts non modifiés depuis la constitution” (deed in French)
- Shareholding, 71
- Shareholding, 25
- Shareholding, 1 (4 times)
- Capital (2 times)
- Director in office, BAPTISTA GOMES Fernando (director)
- Power of attorney, Sylvain Lebon
- Other provision, 1, “ordre du jour adaptation des statuts au Code des sociétés et des associations” (deed in French)
- Other provision, 2, “ordre du jour suppression du compte de capitaux propres statutairement indisponible et mise à disposition pour distributions futures” (deed in French)
- Other provision, 3, “ordre du jour adoption de nouveaux statuts en concordance avec le Code des sociétés et des associations sans modification de l’objet” (deed in French)
- +13 further facts in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0673.858.604
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55302B0085/00V002 | Wallonia | 267 m² | 1 · 54 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FAG CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, par simple décision de l’organe d’administration,sièges administratifs,agences,ateliers,dépôts et succursales en Belgique…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tous les cas de cession entre vifs,à titre onéreux ou gratuit,même en vertu d'une décision de justice ou par voie d'adjudication aux…” (deed in French)“Agrément et rachat héritiers/légataires, coassociés du défunt” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Émission d'actions nouvelles en numéraire, organe qui procède à l'émission” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision assemblée délibérant dans formes modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque cause et à quelque…” (deed in French)