FAPELEC
ActiveSummary
The computed 12-month bankruptcy probability of FAPELEC is 2.5% (moderate). The annual accounts of FAPELEC for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €10,350 and a net result of -€12,790. Equity is shrinking by ~22.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 18% of 406 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,206 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,662 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% | 1.7% |
| 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 75% 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 1,206 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,000 | €18,390 | €50,611 | ▲ 175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,251 | €13,677 | €13,677 | = |
| Other operating charges640/8 | €1,573 | €716 | €654 | ▼ 8.7% |
| Non-recurring operating charges66A | - | €162 | - | - |
| Gross operating margin9900 | €27,447 | €39,631 | €54,249 | ▲ 36.9% |
| Operating profit (loss)9901 | €17,623 | €6,686 | -€10,693 | ▼ 260% |
| Financial income75/76B | - | €88 | €0 | ▼ 99.9% |
| Recurring financial income75 | - | €88 | €0 | ▼ 99.9% |
| Financial charges65/66B | €279 | €1,041 | €2,097 | ▲ 101% |
| Recurring financial charges65 | €279 | €1,041 | €2,097 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €17,344 | €5,733 | -€12,790 | ▼ 323% |
| Income taxes67/77 | €3,547 | €1,390 | - | - |
| Profit (loss) for the period9904 | €13,797 | €4,343 | -€12,790 | ▼ 394% |
| Profit (loss) for the period to be appropriated9905 | €13,797 | €4,343 | -€12,790 | ▼ 394% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €41,237 | €90,448 | €66,224 | ▼ 26.8% |
| Fixed assets21/28 | €12,756 | €39,120 | €25,443 | ▼ 35.0% |
| Tangible fixed assets22/27 | €12,756 | €39,120 | €25,443 | ▼ 35.0% |
| Furniture and vehicles24 | €12,756 | €39,120 | €25,443 | ▼ 35.0% |
| Current assets29/58 | €28,481 | €51,328 | €40,780 | ▼ 20.5% |
| Amounts receivable within one year40/41 | €20,676 | €51,032 | €36,405 | ▼ 28.7% |
| Trade receivables40 | €17,658 | €44,696 | €33,474 | ▼ 25.1% |
| Other amounts receivable41 | €3,018 | €6,336 | €2,931 | ▼ 53.7% |
| Cash at bank and in hand54/58 | €7,699 | €243 | €4,301 | ▲ 1,670% |
| Deferred charges and accrued income490/1 | €106 | €53 | €74 | ▲ 40.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €41,237 | €90,448 | €66,224 | ▼ 26.8% |
| Equity10/15 | €18,797 | €23,140 | €10,350 | ▼ 55.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | €5,000 | €5,000 | = |
| Issued capital100 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €13,797 | €18,140 | €5,350 | ▼ 70.5% |
| Amounts payable17/49 | €22,440 | €67,308 | €55,873 | ▼ 17.0% |
| Amounts payable after more than one year17 | - | €26,375 | €19,470 | ▼ 26.2% |
| Financial debts170/4 | - | €26,375 | €19,470 | ▼ 26.2% |
| Amounts payable within one year42/48 | €22,440 | €40,933 | €36,403 | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | €5,620 | €6,577 | €6,905 | ▲ 5.0% |
| Trade debts44 | €10,773 | €20,464 | €21,959 | ▲ 7.3% |
| Suppliers440/4 | €10,773 | €20,464 | €21,959 | ▲ 7.3% |
| Taxes, remuneration and social security45 | €6,047 | €13,892 | €7,539 | ▼ 45.7% |
| Taxes450/3 | €6,047 | €11,972 | €5,050 | ▼ 57.8% |
| Remuneration and social security454/9 | - | €1,920 | €2,490 | ▲ 29.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,797 | €4,343 | -€12,790 | ▼ 394% |
| + Depreciation and write-downs630 | €4,251 | €13,677 | €13,677 | = |
| Operating cash flow (approximation) | €18,048 | €18,020 | €887 | ▼ 95.1% |
| Investment in fixed assets (approximation) | - | -€40,041 | €0 | ▲ 100% |
| Change in cash | - | -€7,456 | €4,058 | ▲ 154% |
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
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.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Champ d'Oiseaux 404101 Seraing1 establishment unit
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.