Fagotvalk
ActiveSummary
Fagotvalk has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.35M and a net result of €65k. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+3
Solvency40▲+1
Growth32=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days only on tighter terms
Liquidity short (current ratio 0.91 against 28.49 in 2024; short-term debt: 84.3% and cash: 2.2% of total assets), and 85% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
15%
Return on assets
0.7%
Age of the figures
9 mo
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 07-04-2026, 115 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
115 d early
2024
16 d early
2023
15 d early
2022
6 d early
2021
19 d early
2021
183 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.35M▲ 5.9%
2024 · €1.28M
Total assets
€9.03M▼ 1.1%
2024 · €9.14M
Net result
€65k▲ 856%
2024 · €7k
Working capital
€-669k
2024 · €6.77M
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
Line20212022202320242025
Operating result€344k-€35k▼ 89.7%€117k▲ 233%€322k▲ 175%€266k▼ 17.5%
Net result€269k-€-25k€-190k▼ 646%€7k€65k▲ 856%
Equity€1.49M-€1.46M▼ 1.7%€1.27M▼ 13.0%€1.28M▲ 0.5%€1.35M▲ 5.9%
Total assets€14.41M-€11.15M▼ 22.6%€9.43M▼ 15.4%€9.14M▼ 3.2%€9.03M▼ 1.1%
Debt€12.92M-€9.69M▼ 25.0%€8.16M▼ 15.7%€7.86M▼ 3.7%€7.68M▼ 2.3%
Working capital€9.23M-€-228k€6.95M€6.77M▼ 2.6%€-669k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.03M
Fixed assets
€2.09M ▼ 1.3%
Current assets
€6.94M ▼ 1.1%
Equity and liabilities €9.03M
Equity
€1.35M ▲ 5.9%
Debt
€7.68M ▼ 2.3%
Debt's share of the balance-sheet total falls from 86.0% to 85.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€314k▼
2024 · €368k
Cash flow
€112k▲
2024 · €53k
Current ratio
0.91▼
2024 · 28.49
Debt to equity
5.68▼
2024 · 6.15
ROE
4.8%▲
2024 · 0.5%
ROA
0.7%▲
2024 · 0.1%
Interest coverage
1.08▲
2024 · 0.89
Debt ≤ 1 year
€7.61M▲
2024 · €246k
Income taxes
€11k▲
2024 · €-150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €51k | €10k | ▼ 80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €60k | €40k | €46k | €48k | ▲ 3.8% |
| Other operating charges640/8 | €36k | €37k | €48k | €49k | €51k | ▲ 3.1% |
| Gross operating margin9900 | €440k | €132k | €205k | €418k | €365k | ▼ 12.7% |
| Operating profit (loss)9901 | €344k | €35k | €117k | €322k | €266k | ▼ 17.5% |
| Financial income75/76B | €195k | €140k | €133k | €97k | €99k | ▲ 2.6% |
| Recurring financial income75 | €192k | €140k | €133k | €97k | €99k | ▲ 2.6% |
| Non-recurring financial income76B | €3k | - | - | - | - | - |
| Financial charges65/66B | €180k | €198k | €440k | €412k | €290k | ▼ 29.7% |
| Recurring financial charges65 | €180k | €198k | €440k | €412k | €290k | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €358k | €-22k | €-190k | €7k | €75k | ▲ 1,039% |
| Income taxes67/77 | €89k | €3k | - | €-150 | €11k | ▲ 7,176% |
| Profit (loss) for the period9904 | €269k | €-25k | €-190k | €7k | €65k | ▲ 856% |
| Profit (loss) for the period to be appropriated9905 | €269k | €-25k | €-190k | €7k | €65k | ▲ 856% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.41M | €11.15M | €9.43M | €9.14M | €9.03M | ▼ 1.1% |
| Fixed assets21/28 | €1.80M | €1.75M | €2.14M | €2.12M | €2.09M | ▼ 1.3% |
| Tangible fixed assets22/27 | €1.80M | €1.75M | €2.14M | €2.12M | €2.09M | ▼ 1.3% |
| Land and buildings22 | €1.80M | €1.74M | €2.14M | €2.12M | €2.09M | ▼ 1.3% |
| Assets under construction and advance payments27 | - | €10k | - | - | - | - |
| Current assets29/58 | €12.61M | €9.40M | €7.30M | €7.02M | €6.94M | ▼ 1.1% |
| Amounts receivable after more than one year29 | - | €9.16M | €6.82M | €6.60M | €0 | ▼ 100% |
| Other amounts receivable291 | - | €9.16M | €6.82M | €6.60M | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €12.30M | €31k | €31k | €17k | €6.68M | ▲ 39,779% |
| Trade receivables40 | €4k | €604 | €2k | €15k | €2k | ▼ 88.8% |
| Other amounts receivable41 | €12.30M | €30k | €29k | €1k | €6.68M | ▲ 484,543% |
| Cash at bank and in hand54/58 | €278k | €200k | €195k | €177k | €196k | ▲ 10.3% |
| Deferred charges and accrued income490/1 | €27k | €5k | €253k | €226k | €69k | ▼ 69.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.41M | €11.15M | €9.43M | €9.14M | €9.03M | ▼ 1.1% |
| Equity10/15 | €1.49M | €1.46M | €1.27M | €1.28M | €1.35M | ▲ 5.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €1.47M | €1.44M | €1.25M | €1.26M | €1.32M | ▲ 5.1% |
| Investment grants15 | - | - | - | - | €11k | - |
| Amounts payable17/49 | €12.92M | €9.69M | €8.16M | €7.86M | €7.68M | ▼ 2.3% |
| Amounts payable after more than one year17 | €9.51M | - | €7.71M | €7.52M | - | - |
| Financial debts170/4 | €9.51M | - | €7.71M | €7.52M | - | - |
| Amounts payable within one year42/48 | €3.38M | €9.63M | €344k | €246k | €7.61M | ▲ 2,990% |
| Current portion of amounts payable after more than one year42 | €3.20M | €9.51M | €234k | €193k | €7.52M | ▲ 3,795% |
| Financial debts43 | €66k | - | €0 | - | - | - |
| Credit institutions430/8 | €66k | - | €0 | - | - | - |
| Trade debts44 | €115k | €102k | €100k | €51k | €48k | ▼ 5.6% |
| Suppliers440/4 | €115k | €102k | €100k | €51k | €48k | ▼ 5.6% |
| Advances received on contracts in progress46 | - | - | - | - | €46k | - |
| Taxes, remuneration and social security45 | - | €14k | €10k | €3k | €656 | ▼ 73.8% |
| Taxes450/3 | - | €14k | €10k | €3k | €656 | ▼ 73.8% |
| Accrued charges and deferred income492/3 | €39k | €63k | €109k | €94k | €67k | ▼ 29.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €269k | €-25k | €-190k | €7k | €65k | ▲ 856% |
| + Depreciation and write-downs630 | €60k | €60k | €40k | €46k | €48k | ▲ 3.8% |
| Operating cash flow (approximation) | €329k | €34k | €-150k | €53k | €112k | ▲ 113% |
| Investment in fixed assets (approximation) | - | €-10k | €-425k | €-26k | €-20k | ▲ 21.9% |
| Change in cash | - | €-77k | €-6k | €-17k | €18k | ▲ 205% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-190k
Net result drops to €-190k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 22current ratio 21.23
Current ratio from 0.98 to 21.23; short-term debt falls from €9.63M to €344k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Knokke-Heist · 1 establishment unit since 2021
Ground area
3,113 m²
Building footprint
1,320 m²
Volume, LiDAR
19,856 m³
2 parcels, Brussels, Flanders · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Fagotvalk
since 20212.328.526.768
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0837/00A000 | Flanders | 2,109 m² | 1 · 318 m² | 13.6 m · 3 fl. |
| 21009A0364/00W000 | Brussels | 1,004 m² | 1 · 1,003 m² | 23.8 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,647 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
Founded17-09-2021
Fiscal year end31-12
Legal name NL
Fieldstone
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.