FAGNES CONSTRUCTION
FAGNES CONSTRUCTION has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €-25k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 26784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €115k |
| Net result | €-25k |
| Better than sector | 95% |
| Active | 9 yrs |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 98.0% | 47.4% | |
| Net result | €-25k | €10k | |
| Equity | €115k | €60k | |
| Gross operating margin | €-18k | €39k | |
| Total assets | €118k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-18k | €3k | €9k | €8k | €-19k |
| Net profit | €-25k | €-5k | €-597 | €-2k | €-30k |
| Cash flow | €-18k | €3k | €9k | €8k | €-19k |
| Staff costs | - | €0 | €856 | €0 | €2k |
| Income taxes | - | - | - | - | €0 |
| Dividends | - | €0 | €719 | - | - |
| Total assets | €118k | €144k | €198k | €182k | €235k |
| Equity | €115k | €140k | €145k | €159k | €161k |
| Debt | €2k | €3k | €53k | €24k | €74k |
| of which ≤ 1y | €2k | €3k | €53k | €18k | €64k |
| of which > 1y | - | - | €0 | €5k | €9k |
| Working capital | €115k | €133k | €131k | €139k | €136k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 50.60 | 42.18 | 3.47 | 8.58 | 3.12 |
| Quick ratio | 50.60 | 42.18 | 3.47 | 8.58 | 3.12 |
| Working capital ratio | 97.9% | 92.9% | 66.1% | 76.6% | 58.0% |
| Solvency | 98.0% | 97.7% | 73.1% | 87.1% | 68.6% |
| Debt / equity | 0.02 | 0.02 | 0.37 | 0.15 | 0.46 |
| Long-term debt ratio | - | - | 0.00 | 0.03 | 0.06 |
| Interest coverage | -175.74 | 12.37 | 43.05 | 14.10 | -42.10 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -21.3% | -3.2% | -0.3% | -1.2% | -12.8% |
| ROE | -21.7% | -3.3% | -0.4% | -1.4% | -18.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €118k | €144k | €198k | €182k | €235k |
| Fixed assets | 21/28 | €130 | €7k | €14k | €24k | €34k |
| Tangible fixed assets | 22/27 | €55 | €7k | €14k | €24k | €34k |
| Financial fixed assets | 28 | €75 | €75 | €75 | €75 | €75 |
| Current assets | 29/58 | €117k | €137k | €184k | €158k | €200k |
| Amounts receivable within one year | 40/41 | €70k | €78k | €81k | €33k | €148k |
| Cash & bank | 54/58 | €45k | €57k | €101k | €122k | €50k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €118k | €144k | €198k | €182k | €235k |
| Equity | 10/15 | €115k | €140k | €145k | €159k | €161k |
| Contributions / capital | 10/11 | €146k | €146k | €146k | €159k | €159k |
| Reserves | 13 | - | - | €0 | €719 | €719 |
| Accumulated profits (losses) | 14 | €-31k | €-6k | €-1k | €-643 | €2k |
| Amounts payable | 17/49 | €2k | €3k | €53k | €24k | €74k |
| Amounts payable after one year | 17 | - | - | €0 | €5k | €9k |
| Amounts payable within one year | 42/48 | €2k | €3k | €53k | €18k | €64k |
| Trade debts payable within one year | 44 | €454 | €1k | €5k | €11k | €55k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-18k | €3k | €10k | €8k | €-17k |
| Operating result | 9901 | €-25k | €-5k | €-598 | €-2k | €-30k |
| Financial income | 75 | €0 | €76 | €218 | €300 | €281 |
| Financial charges | 65 | €103 | €231 | €217 | €571 | €452 |
| Result before taxes | 9903 | €-25k | €-5k | €-597 | €-2k | €-30k |
| Income taxes | 67/77 | - | - | - | - | €0 |
| Net result for the period | 9904 | €-25k | €-5k | €-597 | €-2k | €-30k |
| Result to be appropriated | 9905 | €-25k | €-5k | €-597 | €-2k | €-30k |
| NACE primary | Bricklaying and masonry work(43910) |
| Legal form | Private limited company(610) |
| Incorporation | 18-10-2016 |
| Status | Active |
| Postal code | 4845 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068C1401/00D000 | Wallonia | 1,475 m² | 1 · 194 m² | 10.8 m · 3 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
28-12-2023 Capital decrease of €185,500 to €185,500
- €371.000 → €185.500
Technical details
{
"events": [
{
"kind": "capital_decrease",
"after_eur": 185500.0,
"delta_eur": -185500.0,
"before_eur": 371000.0,
"_amount_fix": "decrease_reanchor_to_share_class",
"share_emission": {
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"share_class": null,
"n_new_shares": null,
"with_new_shares": false,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": "statutory_reserve_release",
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": "suppress"
}
],
"notary": {
"name": "Paul-Henry THIRY",
"firm_city": null,
"firm_name": null,
"office_city": "Theux",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2023-12-28",
"filing_date": "2023-12-15",
"act_kind_objet": "Objet de l\u0027acte :"
},
"decision": {
"body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
"act_date": "2023-11-25",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": "2023-11-25"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0664.731.102",
"name_full": "FAGNES CONSTRUCTION",
"legal_form": "Soci\u00E9t\u00E9 coop\u00E9rative \u00E0 responsabilit\u00E9 limit\u00E9e",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Paul-Henry THIRY",
"org_rep_person_name": null,
"person_role_at_subject": "notaire"
},
"co_filed_documents": [
"exp\u00E9dition du proc\u00E8s-verbal d\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
"statuts coordonn\u00E9s"
],
"shareholders_after": [],
"share_classes_after": [
{
"n_shares": 1855,
"class_name": "Gewone Aandelen",
"capital_share_eur": 185500.0,
"voting_rights_per_share": 1.0
}
]
}| Legal nameFR | FAGNES CONSTRUCTION |