Losses
Every financial year from 2024 to 2026 closed with a loss. 2025 was the heaviest.
Every financial year from 2024 to 2026 closed with a loss. 2025 was the heaviest.
Short-term debts fell from €1,248 to €348.
Four of the last ten came late. The 2018 accounts came latest: 30 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 90% of them on solvency, 82% on liquidity, 4% on profitability and 17% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,805 companies had the same profile as Fairways Computer Sciences has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Fairways Computer Sciences itself is lower: 0.2% within 12 months. It rests on far more data about Fairways Computer Sciences than the profile alone.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for Fairways Computer Sciences. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 36.59 (12.59 in 2025), above the usual 1.5. Short-term debt is 2.7% and cash 27.8% of total assets. 2.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Fairways Computer Sciences Braine-le-Comte | €12,949 | -€1,926 | 97.3% | - |
| MEUNIER PASCAL SPRL Ellezelles | €11,007 | -€6,052 | 96.1% | - |
| GTSC Asse | €12,624 | -€6,634 | 19.8% | - |
| CJ ELEC Liège | €13,884 | -€6,339 | 90.3% | - |
| NEWAVE WEB Ans | €11,830 | -€5,701 | 26.1% | - |
| VDC ENTREPRISE Rixensart | €12,758 | €1,215 | -64.8% | - |
| ELECTRIC ISLAND Huldenberg | €11,067 | -€2,181 | -30.0% | - |
These companies have the same main activity as Fairways Computer Sciences: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €11,000 and €13,900, founded between 2009 and 2012.
Fairways Computer Sciences files the micro format. That format states no turnover. The gross margin fell from €13,588 in 2012 to -€1,926 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 95% of 35,156 companies in 2025.
Higher than 95% of 34,529 companies in 2025.
Lower than 95% of 34,730 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
12,949 | 17,441 | 30,203 | 43,202 | 43,772 | 28,823 | 27,947 | 25,141 | 49,640 | 40,889 | 29,507 | 21,484 | 19,628 | 29,146 | 37,166 | |
21/28 |
233 | 1,720 | 3,619 | 2,754 | 3,149 | 3,447 | 3,157 | 3,679 | - | - | 876 | 2,123 | 1,120 | 1,734 | 733 | |
22/27 |
233 | 1,720 | 3,619 | 2,754 | 3,149 | 3,447 | 3,157 | 3,679 | - | - | 876 | 2,123 | 1,120 | 1,734 | 733 | |
23 |
- | - | - | - | - | - | - | - | - | - | 876 | 2,123 | 1,120 | 1,734 | 733 | |
24 |
233 | 1,720 | 3,619 | 2,754 | 3,149 | 3,447 | 3,157 | 3,679 | - | - | - | - | - | - | - | |
29/58 |
12,716 | 15,720 | 26,584 | 40,448 | 40,623 | 25,377 | 24,790 | 21,462 | 49,640 | 40,889 | 28,631 | 19,361 | 18,508 | 27,413 | 36,433 | |
40/41 |
9,073 | 5,987 | 11,828 | 11,718 | 5,196 | 13,523 | 10,095 | 7,628 | 6,974 | 2,468 | 3,150 | 6,575 | 1,966 | 1,723 | 22,518 | |
40 |
- | 0 | 9,438 | 10,069 | 4,356 | 13,523 | 10,095 | 7,628 | 6,974 | 2,468 | 3,013 | 6,575 | - | 586 | 22,518 | |
41 |
9,073 | 5,987 | 2,390 | 1,650 | 840 | - | - | - | - | - | 137 | - | 1,966 | 1,137 | - | |
50/53 |
- | - | - | - | - | - | - | - | - | 25,000 | 15,016 | 7,058 | 15,142 | 20,109 | 10,010 | |
54/58 |
3,605 | 9,733 | 13,008 | 27,137 | 35,426 | 11,854 | 14,694 | 12,646 | 42,665 | 13,420 | 10,465 | 5,728 | 1,374 | 5,526 | 3,906 | |
490/1 |
38 | 0 | 1,748 | 1,592 | - | - | - | 1,188 | - | - | - | - | 25 | 55 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
12,949 | 17,441 | 30,203 | 43,202 | 43,772 | 28,823 | 27,947 | 25,141 | 49,640 | 40,889 | 29,507 | 21,484 | 19,628 | 29,146 | 37,166 | |
10/15 |
12,601 | 16,193 | 29,764 | 40,058 | 38,901 | 21,197 | 24,160 | 19,314 | 10,551 | 5,469 | -522 | -8,756 | -8,817 | 1,518 | 9,341 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
26,610 | 26,610 | 26,610 | 26,610 | 25,460 | 7,860 | 7,860 | 1,860 | 907 | 657 | 657 | 657 | 657 | 657 | 657 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 907 | 657 | 657 | 657 | 657 | 657 | 657 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
24,750 | 24,750 | 24,750 | 24,750 | 23,600 | 7,860 | 6,000 | - | - | - | - | - | - | - | - | |
14 |
-20,209 | -16,618 | -3,046 | 7,248 | 7,241 | 7,137 | 10,100 | 11,254 | 3,444 | -1,388 | -7,379 | -15,613 | -15,674 | -5,339 | 2,484 | |
17/49 |
348 | 1,248 | 439 | 3,144 | 4,871 | 7,626 | 3,787 | 5,826 | 39,089 | 35,420 | 30,028 | 30,241 | 28,444 | 27,628 | 27,826 | |
42/48 |
348 | 1,248 | 439 | 3,144 | 4,871 | 7,626 | 3,787 | 5,826 | 39,089 | 35,420 | 30,028 | 30,241 | 28,444 | 27,628 | 27,826 | |
44 |
348 | 1,248 | 439 | 2,677 | 1,766 | 4,027 | 342 | 147 | 2 | 164 | 196 | 185 | 421 | - | 1,232 | |
440/4 |
348 | 1,248 | 439 | 2,677 | 1,766 | 4,027 | 342 | 147 | 2 | 164 | 196 | 185 | 421 | - | 1,232 | |
45 |
- | 0 | 0 | 468 | 3,105 | 1,048 | 955 | 5,003 | 2,139 | 20,280 | 14,100 | 15,360 | 14,100 | 14,100 | 16,593 | |
450/3 |
- | 0 | 0 | 468 | 3,105 | 1,048 | 955 | 5,003 | 2,139 | 180 | - | 1,260 | - | - | 2,493 | |
454/9 |
- | - | - | - | - | - | - | - | - | 20,100 | 14,100 | 14,100 | 14,100 | 14,100 | 14,100 | |
47/48 |
- | - | - | - | - | 2,551 | 2,490 | 677 | 36,948 | 14,976 | 15,733 | 14,695 | 13,923 | 13,528 | 10,001 | |
| Income statement | ||||||||||||||||
9900 |
-1,926 | -11,356 | -7,397 | 3,877 | 27,588 | -324 | 12,427 | 14,703 | 6,466 | 7,751 | 9,858 | 1,981 | -8,757 | -5,562 | 13,588 | |
630 |
1,488 | 1,899 | 2,449 | 1,799 | 2,122 | 2,186 | 1,868 | 845 | - | 876 | 1,247 | 1,624 | 1,728 | 1,356 | 366 | |
640/8 |
444 | 431 | 428 | 392 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | - | - | 34 | |
9901 |
-3,858 | -13,686 | -10,274 | 1,687 | 25,119 | -2,858 | 10,212 | 13,511 | 6,119 | 6,527 | 8,263 | 9 | -10,485 | -6,919 | 13,188 | |
75/76B |
420 | 279 | 101 | 61 | 106 | - | - | - | 18 | 19 | 19 | 70 | 205 | 132 | 22 | |
75 |
420 | 279 | 101 | 61 | 106 | - | - | - | 18 | 19 | 19 | 70 | 205 | 132 | 22 | |
65/66B |
150 | 146 | 110 | 123 | 120 | 105 | 111 | 132 | 53 | 56 | 55 | 34 | 57 | 44 | 65 | |
65 |
150 | 146 | 110 | 123 | 120 | 105 | 111 | 132 | 53 | 56 | 55 | 34 | 57 | 44 | 65 | |
9903 |
-3,588 | -13,553 | -10,284 | 1,625 | 25,104 | -2,962 | 10,100 | 13,379 | 6,083 | 6,491 | 8,227 | 45 | -10,337 | -6,831 | 13,144 | |
67/77 |
4 | 18 | 10 | 468 | 7,401 | - | 3,655 | 3,976 | 1,001 | 500 | -8 | -15 | -2 | 991 | 3 | |
9904 |
-3,591 | -13,571 | -10,294 | 1,157 | 17,704 | -2,962 | 6,445 | 9,404 | 5,082 | 5,990 | 8,235 | 60 | -10,335 | -7,823 | 13,141 | |
9905 |
-3,591 | -13,571 | -10,294 | 1,157 | 17,704 | -2,962 | 6,445 | 9,404 | 5,082 | 5,990 | 8,235 | 60 | -10,335 | -7,823 | 13,141 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-20,209 | -16,618 | -3,046 | 8,398 | 24,841 | 7,137 | 17,700 | 12,847 | 3,694 | -1,388 | -7,379 | -15,613 | -15,674 | -5,339 | 13,141 | |
14P |
-16,618 | -3,046 | 7,248 | 7,241 | 7,137 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 1,150 | 17,600 | - | 6,000 | 953 | 250 | - | - | - | - | - | 657 | |
6920 |
- | - | - | - | - | - | - | 953 | 250 | - | - | - | - | - | 657 | |
6921 |
- | - | - | 1,150 | 17,600 | - | 6,000 | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | 1,600 | 640 | - | - | - | - | - | - | 10,000 | |
694 |
- | - | - | - | - | - | 1,600 | 640 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | |
| Document | ||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 20-08-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 20-08-2026 | 2026-00414268 | |
| 31-03-2025 | micro format | 24-10-2025 | 2025-00553154 | |
| 31-03-2024 | micro format | 28-10-2024 | 2024-00523445 | |
| 31-03-2023 | micro format | 14-11-2023 | 2023-00512358 | |
| 31-03-2022 | micro format | 30-10-2022 | 2022-20477606 | |
| 31-03-2021 | micro format | 27-08-2021 | 2021-56700044 | |
| 31-03-2020 | micro format | 23-11-2020 | 2020-71600503 | |
| 31-03-2019 | micro format | 19-11-2019 | 2019-73900197 | |
| 31-03-2018 | micro format | 30-11-2018 | 2018-73400067 | |
| 31-03-2017 | micro format | 26-09-2017 | 2017-62200394 | |
| 31-03-2016 | full format | 23-09-2016 | 2016-60600517 | |
| 31-03-2015 | full format | 07-09-2015 | 2015-57700368 | |
| 31-03-2014 | full format | 07-08-2014 | 2014-39900389 | |
| 31-03-2013 | full format | 02-10-2013 | 2013-61000142 | |
| 31-03-2012 | full format | 24-09-2012 | 2012-57000315 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2,370 | -11,787 | -7,826 | 3,486 | 27,241 | -672 | 12,080 | 14,356 | - | 7,403 | 9,510 | 1,634 | -8,757 | -5,562 | 13,554 | ||
| -2,104 | -11,673 | -7,846 | 2,956 | 19,826 | -776 | 8,313 | 10,249 | - | 6,866 | 9,482 | 1,685 | -8,607 | -6,466 | 13,507 | ||
| 0 | 0 | 3,313 | 1,404 | 1,825 | 2,475 | 1,346 | 4,524 | - | 0 | 0 | 2,627 | 1,114 | 2,357 | 1,099 | ||
| -6,128 | -3,275 | -14,129 | -8,289 | 23,572 | -2,840 | 2,048 | -30,019 | 29,245 | 2,956 | 4,736 | 4,354 | -4,152 | 1,620 | - | ||
| 12,368 | 14,472 | 26,145 | 37,304 | 35,752 | 17,751 | 21,002 | 15,635 | 10,551 | 5,469 | -1,398 | -10,880 | -9,937 | -216 | 8,608 | ||
| 97.3% | 92.8% | 98.5% | 92.7% | 88.9% | 73.5% | 86.4% | 76.8% | 21.3% | 13.4% | -1.8% | -40.8% | -44.9% | 5.2% | 25.1% | ||
| 36.59 | 12.59 | 60.54 | 12.86 | 8.34 | 3.33 | 6.55 | 3.68 | 1.27 | 1.15 | 0.95 | 0.64 | 0.65 | 0.99 | 1.31 | ||
| 0.03 | 0.08 | 0.01 | 0.08 | 0.13 | 0.36 | 0.16 | 0.30 | 3.70 | 6.48 | - | - | - | 18.20 | 2.98 | ||
| -28.5% | -83.8% | -34.6% | 2.9% | 45.5% | -14.0% | 26.7% | 48.7% | 48.2% | 109.5% | - | - | - | -515.3% | 140.7% | ||
| -27.7% | -77.8% | -34.1% | 2.7% | 40.4% | -10.3% | 23.1% | 37.4% | 10.2% | 14.7% | 27.9% | 0.3% | -52.7% | -26.8% | 35.4% | ||
| -15.80 | -80.52 | -70.83 | 28.25 | over 100 | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,313 | €1,404 | €1,825 |
| €1,488 | €1,899 | €2,449 | €1,799 | €2,122 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a loss of €3,858, smaller than the loss of €13,686 in 2025.
Debt's share of the balance-sheet total falls from 7.2% to 2.7%. Equity and debt are lower.
Fairways Computer Sciences has no parent and no holdings in its annual accounts. Mareschal Pierre is the only director. Fairways Computer Sciences shares no director with another company.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Gueulot 42 registered office 7090 Braine-le-Comte | ||
| Fairways Rue Gueulot 4, 7090 Braine-le-Comte 4321102 General electrical installation work | 01-04-2011 | 2.197.816.595 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55036D0101/00V000 | 6,333 m² | 1 · 160 m² | 6.2 m · 2 |
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. Use the enterprise number 0835.026.379
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