FAGNES DEVELOPPEMENT
FAGNES DEVELOPPEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.28M and a net result of €9k. Equity remains stable across the filed fiscal years (±0.9% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3.28M |
| Net result | €9k |
| Active | 5 yrs |
| Locations | 1 |
Mixed profile: strong on stability, weaker on health.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
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).
| Fiscal year | 2024 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €9k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €4.31M |
| Equity | €3.28M |
| Debt | €1.04M |
| of which ≤ 1y | €717k |
| of which > 1y | €319k |
| Working capital | n/a |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 76.0% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 0.2% |
| ROE | 0.3% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4.31M |
| Fixed assets | 21/28 | €4.08M |
| Formation expenses | 20 | €7k |
| Tangible fixed assets | 22/27 | €4.08M |
| Current assets | 29/58 | €225k |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €131k |
| Cash & bank | 54/58 | €87k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.31M |
| Equity | 10/15 | €3.28M |
| Contributions / capital | 10/11 | €3.08M |
| Accumulated profits (losses) | 14 | €64k |
| Amounts payable | 17/49 | €1.04M |
| Amounts payable after one year | 17 | €319k |
| Amounts payable within one year | 42/48 | €717k |
| Trade debts payable within one year | 44 | €74k |
| Income statement | ||
| Turnover | 70 | €343k |
| Operating result | 9901 | €26k |
| Financial income | 75 | €16 |
| Financial charges | 65 | €13k |
| Result before taxes | 9903 | €13k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €9k |
| Result to be appropriated | 9905 | €9k |
| NACE primary | 66300 |
| Legal form | Private limited company(610) |
| Incorporation | 23-07-2021 |
| Status | Active |
| Postal code | 5660 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93014A0405/00B002indicative | Wallonia | 290 m² | 1 · 120 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-07-2025 Capital increase of €5,000 to €30,000
- €25.000 → €30.000
Technical details
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"notary": {
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"firm_city": null,
"firm_name": null,
"office_city": "Couvin",
"is_associated": false
},
"act_meta": {
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"pub_date": "2025-07-31",
"filing_date": "2025-05-02",
"act_kind_objet": "Objet(s) de l\u0027acte"
},
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"body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
"act_date": "2025-06-24",
"unanimous": true,
"under_authorized_capital": true,
"underlying_resolution_date": null
},
"bedrijfsrevisor": {
"waived": true,
"firm_kbo": "0628.896.134",
"firm_name": "Pragma Audit",
"ibr_number": null,
"mission_type": "apport_nature",
"individual_name": "Olivier FREZIN"
},
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"kbo": "0771.679.639",
"name_full": "FAGNES DEVELOPPEMENT",
"legal_form": "SOCIETE PRIVEE A RESPONSABILITE LIMITEE",
"is_foreign_registered": false
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"person_name": null,
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"person_role_at_subject": null
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"co_filed_documents": [
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"plan financier",
"bankattest",
"verslag bedrijfsrevisor",
"statuts coordonn\u00E9s"
],
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"share_classes_after": []
}26-02-2024 Registered office moved within Couvin
- Route Charlemagne, 34 à 5660 Couvin → Rue de la Gare. 20 à 5660 Couvin
Technical details
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"region": "waals_gewest",
"street": "Rue de la Gare",
"country": "BE",
"postcode": "5660",
"box_number": null,
"street_number": "20",
"locality_suffix": null
},
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"region": "waals_gewest",
"street": "Route Charlemagne",
"country": "BE",
"postcode": "5660",
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"effective_date": "2023-09-12",
"evidence_quote": "",
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"statute_article_number": 2,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
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"co_filed_documents": [
"Mod DOC 1901"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | FAGNES DEVELOPPEMENT |