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FALCAM

Active
Private limited company (pre-2019)founded 20169 yrs activeRuelle Haute(GHI) 9, 7822 Ath, BelgiumKBO/BCE: BE 0667.600.619
Summary

The computed 12-month bankruptcy probability of FALCAM is 1.9% (moderate). The 2024 annual accounts show equity of €39,265 and a net result of -€3,932. Equity remains stable across the filed fiscal years (±2.4% per year). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability28▼-25
Solvency62▼-17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 2.59 in 2023; short-term debt: 4.8% and cash: 0% of total assets), and 62.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
37.2%
Return on assets
-3.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 15-06-2026, 46 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
46 d early
2024
29 d early
2023
42 d early
2022
48 d early
2021
17 d early
2020
15 d early
2019
52 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 36 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FALCAM was incorporated on 9 December 2016.1 Total assets rose from EUR 53,708 in 2018 to EUR 105,624 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€39,265▼ 9.1%
2023 · €43,197
Total assets
€105,624▲ 32.6%
2023 · €79,666
Net result
-€3,932
2023 · €654
Working capital
-€5,003
2023 · €7,557
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
Line20202021202220232024
Operating result€187▲ 20.8%€21▼ 88.8%€2,024▲ 9,586%€2,174▲ 7.4%-€1,256
Net result€172▲ 37.6%-€79€1,016€654▼ 35.7%-€3,932
Equity€35,406▲ 0.5%€41,527▲ 17.3%€42,543▲ 2.4%€43,197▲ 1.5%€39,265▼ 9.1%
Total assets€38,646▲ 0.4%€45,349▲ 17.3%€77,326▲ 70.5%€79,666▲ 3.0%€105,624▲ 32.6%
Debt€3,240=€3,822▲ 18.0%€34,782▲ 810%€36,469▲ 4.8%€66,359▲ 82.0%
Working capital€35,406▲ 0.5%€41,527▲ 17.3%€7,690▼ 81.5%€7,557▼ 1.7%-€5,003
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000Operating result 2020: €187€187Net result 2020: €172€172Operating result 2021: €21€21Net result 2021: -€79-€79Operating result 2022: €2,024€2,024Net result 2022: €1,016€1,016Operating result 2023: €2,174€2,174Net result 2023: €654€654Operating result 2024: -€1,256-€1,256Net result 2024: -€3,932-€3,93220202021202220232024-€4,000-€2,000€0€2,000Operating result 2022: €2,024€2,020Net result 2022: €1,016€1,020Operating result 2023: €2,174€2,170Net result 2023: €654€654Operating result 2024: -€1,256-€1,260Net result 2024: -€3,932-€3,930202220232024
The operating result turns negative in 2024: a loss of €1,256 after €2,174 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105,624
Fixed assets €105,574 ▲ 56.8%
Current assets €50 ▼ 99.6%
Equity and liabilities €105,624
Equity €39,265 ▼ 9.1%
Debt €66,359 ▲ 82.0%
Debt's share of the balance-sheet total rises from 45.8% to 62.8%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.01▼
2023 · 2.59
Debt to equity
1.69▲
2023 · 0.84
ROE
-10.0%▼
2023 · 1.5%
ROA
-3.7%▼
2023 · 0.8%
Debt ≤ 1 year
€5,053▲
2023 · €4,766
Debt > 1 year
€61,305▲
2023 · €31,703
Income taxes
€334▼
2023 · €442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.3% went bankrupt
7.5% stopped otherwise
90% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 3,441 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€79,666€105,624▲
Fixed assets21/28€67,343€105,574▲
Tangible fixed assets22/27€67,343€105,574▲
Land and buildings22€67,343€105,574▲
Current assets29/58€12,323€50▼
Cash at bank and in hand54/58€12,323€50▼
Equity and liabilities
Total equity and liabilities10/49€79,666€105,624▲
Equity10/15€43,197€39,265▼
Contributions10/11€18,600€18,600=
Reserves13€22,320€22,320=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€20,460€20,460=
Profit (loss) carried forward14€2,277-€1,655▼
Amounts payable17/49€36,469€66,359▲
Amounts payable after more than one year17€31,703€61,305▲
Other amounts payable178/9€31,703€61,305▲
Amounts payable within one year42/48€4,766€5,053▲
Advances received on contracts in progress46€400-
Other amounts payable47/48€4,366€5,053▲
Accrued charges and deferred income492/3-€0
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,083-
Other operating charges640/8-€1,621
Gross operating margin9900€4,257€365▼
Operating profit (loss)9901€2,174-€1,256▼
Financial charges65/66B€1,079€2,342▲
Recurring financial charges65€1,079€2,342▲
Profit (loss) for the period before taxes9903€1,096-€3,598▼
Income taxes67/77€442€334▼
Profit (loss) for the period9904€654-€3,932▼
Profit (loss) for the period to be appropriated9905€654-€3,932▼
Appropriation of the result
Profit (loss) to be appropriated9906€2,277-€1,655▼
Profit (loss) brought forward from the previous period14P€1,623€2,277▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€2,083--
Other operating charges640/8--€490-€1,621-
Gross operating margin9900€535€21€2,514€4,257€365▼ 91.4%
Operating profit (loss)9901€187€21€2,024€2,174-€1,256▼ 158%
Recurring financial income75€94-----
Financial charges65/66B-€48€720€1,079€2,342▲ 117%
Recurring financial charges65€48€48€720€1,079€2,342▲ 117%
Profit (loss) for the period before taxes9903€233-€27€1,304€1,096-€3,598▼ 428%
Income taxes67/77€62€52€288€442€334▼ 24.4%
Profit (loss) for the period9904€172-€79€1,016€654-€3,932▼ 701%
Profit (loss) for the period to be appropriated9905€172-€79€1,016€654-€3,932▼ 701%
Line20202021202220232024Change
Assets
Total assets20/58€38,646€45,349€77,326€79,666€105,624▲ 32.6%
Fixed assets21/28--€65,525€67,343€105,574▲ 56.8%
Tangible fixed assets22/27--€65,525€67,343€105,574▲ 56.8%
Land and buildings22--€65,525€67,343€105,574▲ 56.8%
Current assets29/58€38,646€45,349€11,800€12,323€50▼ 99.6%
Amounts receivable within one year40/41-€6,200----
Other amounts receivable41-€6,200----
Cash at bank and in hand54/58€38,646€39,149€11,800€12,323€50▼ 99.6%
Equity and liabilities
Total equity and liabilities10/49€38,646€45,349€77,326€79,666€105,624▲ 32.6%
Equity10/15€35,406€41,527€42,543€43,197€39,265▼ 9.1%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€22,320€22,320€22,320€22,320€22,320=
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Distributable reserves133-€20,460€20,460€20,460€20,460=
Profit (loss) carried forward14€686€607€1,623€2,277-€1,655▼ 173%
Amounts payable17/49€3,240€3,822€34,782€36,469€66,359▲ 82.0%
Amounts payable after more than one year17--€30,672€31,703€61,305▲ 93.4%
Other amounts payable178/9--€30,672€31,703€61,305▲ 93.4%
Amounts payable within one year42/48€3,240€3,822€4,110€4,766€5,053▲ 6.0%
Current portion of amounts payable after more than one year42-€582€582---
Advances received on contracts in progress46---€400--
Other amounts payable47/48-€3,240€3,528€4,366€5,053▲ 15.7%
Accrued charges and deferred income492/3----€0-
Line20202021202220232024Change
Profit (loss) for the period9904€172-€79€1,016€654-€3,932▼ 701%
+ Depreciation and write-downs630---€2,083--
Operating cash flow (approximation)€172-€79€1,016€2,737-€3,932▼ 244%
Investment in fixed assets (approximation)----€3,900-€38,232▼ 880%
Change in cash-€503-€27,349€523-€12,273▼ 2,446%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€3,932
Net result drops to -€3,932, the lowest in the series.
19-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €1,016
Net result €1,016 after one loss-making year.
14-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Liquidity quadruplescurrent ratio 11.87
Current ratio from 2.89 to 11.87; short-term debt falls from €18,599 to €3,240.
18-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Ath · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
965 m²
Building footprint
61 m²
Parcel 51024A0312/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Ruelle Haute(GHI) 9, 7822 Ath
Business consulting
since 20162.261.066.535
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
51024A0312/00F000 Wallonia 965 m² 1 · 61 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded09-12-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.