FANKODX
ActiveSummary
The computed 12-month bankruptcy probability of FANKODX is 2.9% (moderate). The 2025 annual accounts show negative equity (-€24,455) and a net result of -€26,146. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 17179 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-33
Growth32=
Track record86
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.56 in 2024; short-term debt: 333% and cash: 34.8% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-233%
Return on assets
-249.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€24,455
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
18 d late
2023
64 d early
2022
28 d early
2021
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€24,455
2024 · €1,691
Total assets
€10,497▼ 47.8%
2024 · €20,113
Net result
-€26,146▲ 46.6%
2024 · -€48,938
Working capital
-€31,017▼ 281%
2024 · -€8,149
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€54,807-€55,438▲ 1.2%€36,686▼ 33.8%-€48,270-€25,951▲ 46.2%
Net result€43,911within the sector's middle half-€44,378within the sector's middle half▲ 1.1%€28,927within the sector's middle half▼ 34.8%-€48,938below the sector's middle half-€26,146below the sector's middle half▲ 46.6%
Equity€47,911within the sector's middle half-€92,289within the sector's middle half▲ 92.6%€121,217within the sector's middle half▲ 31.3%€1,691below the sector's middle half▼ 98.6%-€24,455below the sector's middle half
Total assets€71,973within the sector's middle half-€111,272within the sector's middle half▲ 54.6%€143,367within the sector's middle half▲ 28.8%€20,113below the sector's middle half▼ 86.0%€10,497below the sector's middle half▼ 47.8%
Debt€24,062-€18,983▼ 21.1%€22,150▲ 16.7%€18,422▼ 16.8%€34,952▲ 89.7%
Working capital€46,631-€84,240▲ 80.7%€106,841▲ 26.8%-€8,149-€31,017▼ 281%
Solvency66.6%within the sector's middle half-82.9%above the sector's middle half▲ 16.4pp84.5%above the sector's middle half▲ 1.6pp8.4%below the sector's middle half▼ 76.1pp-233.0%below the sector's middle half▼ 241.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,951 in 2025 against €48,270 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10,497
Fixed assets
€6,562 ▼ 33.3%
Current assets
€3,935 ▼ 61.7%
Key figures and ratios
EBITDA
-€22,673▲
2024 · -€43,734
Cash flow
-€22,868▲
2024 · -€44,402
Current ratio
0.11▼
2024 · 0.56
Debt to equity
-1.43▼
2024 · 10.90
ROA
-249.1%▼
2024 · -243.3%
Interest coverage
-116.48▼
2024 · -65.49
Debt ≤ 1 year
€34,952▲
2024 · €18,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,035 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158 | €1,634 | €4,226 | €4,536 | €3,278 | ▼ 27.7% |
| Other operating charges640/8 | - | €33 | - | - | - | - |
| Gross operating margin9900 | €54,965 | €57,106 | €40,912 | -€43,734 | -€22,673 | ▲ 48.2% |
| Operating profit (loss)9901 | €54,807 | €55,438 | €36,686 | -€48,270 | -€25,951 | ▲ 46.2% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | €8 | €149 | €239 | €668 | €195 | ▼ 70.9% |
| Recurring financial charges65 | €8 | €149 | €239 | €668 | €195 | ▼ 70.9% |
| Profit (loss) for the period before taxes9903 | €54,799 | €55,290 | €36,447 | -€48,938 | -€26,146 | ▲ 46.6% |
| Income taxes67/77 | €10,888 | €10,912 | €7,519 | - | - | - |
| Profit (loss) for the period9904 | €43,911 | €44,378 | €28,927 | -€48,938 | -€26,146 | ▲ 46.6% |
| Profit (loss) for the period to be appropriated9905 | €43,911 | €44,378 | €28,927 | -€48,938 | -€26,146 | ▲ 46.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,973 | €111,272 | €143,367 | €20,113 | €10,497 | ▼ 47.8% |
| Fixed assets21/28 | €1,280 | €8,049 | €14,375 | €9,840 | €6,562 | ▼ 33.3% |
| Tangible fixed assets22/27 | €1,280 | €7,399 | €13,725 | €9,190 | €5,912 | ▼ 35.7% |
| Plant, machinery and equipment23 | - | €3,145 | €1,677 | €210 | - | - |
| Furniture and vehicles24 | €1,280 | €4,255 | €12,048 | €8,980 | €5,912 | ▼ 34.2% |
| Financial fixed assets28 | - | €650 | €650 | €650 | €650 | = |
| Current assets29/58 | €70,692 | €103,223 | €128,992 | €10,273 | €3,935 | ▼ 61.7% |
| Amounts receivable within one year40/41 | €32,675 | €22,861 | €23,595 | €7,730 | €281 | ▼ 96.4% |
| Trade receivables40 | €32,675 | €22,861 | €23,595 | - | - | - |
| Other amounts receivable41 | - | - | - | €7,730 | €281 | ▼ 96.4% |
| Cash at bank and in hand54/58 | €38,018 | €80,362 | €105,397 | €2,543 | €3,654 | ▲ 43.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,973 | €111,272 | €143,367 | €20,113 | €10,497 | ▼ 47.8% |
| Equity10/15 | €47,911 | €92,289 | €121,217 | €1,691 | -€24,455 | ▼ 1,546% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €43,911 | €88,289 | €117,217 | - | - | - |
| Distributable reserves133 | €43,911 | €88,289 | €117,217 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | -€2,309 | -€28,455 | ▼ 1,132% |
| Amounts payable17/49 | €24,062 | €18,983 | €22,150 | €18,422 | €34,952 | ▲ 89.7% |
| Amounts payable within one year42/48 | €24,062 | €18,983 | €22,150 | €18,422 | €34,952 | ▲ 89.7% |
| Trade debts44 | €209 | - | €25 | €2,260 | €278 | ▼ 87.7% |
| Suppliers440/4 | €209 | - | €25 | €2,260 | €278 | ▼ 87.7% |
| Taxes, remuneration and social security45 | €22,041 | €17,020 | €16,833 | €11,519 | €1,655 | ▼ 85.6% |
| Taxes450/3 | €22,041 | €17,020 | €16,833 | €11,519 | €1,655 | ▼ 85.6% |
| Other amounts payable47/48 | €1,812 | €1,963 | €5,292 | €4,642 | €33,018 | ▲ 611% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,911 | €44,378 | €28,927 | -€48,938 | -€26,146 | ▲ 46.6% |
| + Depreciation and write-downs630 | €158 | €1,634 | €4,226 | €4,536 | €3,278 | ▼ 27.7% |
| Operating cash flow (approximation) | €44,070 | €46,013 | €33,154 | -€44,402 | -€22,868 | ▲ 48.5% |
| Investment in fixed assets (approximation) | - | -€8,403 | -€10,553 | €0 | €0 | - |
| Change in cash | - | €42,344 | €25,035 | -€102,854 | €1,111 | ▲ 101% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
16-02
KBO administration
Address struck
Louizalaan 231 1050 L’adresse du siège Avenue Louise 231 1050 Die Sitzadresse Avenue Louise / Louizalaan
Elsene werd doorgehaald met ingang van Ixelles · event 29-01-2026
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet -€48,938
Net result drops to -€48,938, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €121,217 ▲31.3%
3 profitable years in a row build equity to €121,217.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €44,378 ▲1.1%
Operating result €55,438, net result €44,378, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 2021
Ground area
5,672 m²
Building footprint
3,878 m²
Volume, LiDAR
86,391 m³
Parcel 21807G0131/00T000, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
564
companies at this address
See who is registered here
1 establishment unit
FANKODX
since 20212.316.774.922
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 2,608 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
Founded20-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
73110Advertising agencies
90393Specialised image, lighting and sound technical services
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766920305
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.