FAS Group

Active

Private limited companyfounded 20232 yrs activeKoopvaardijlaan 4, 9000 Gent, BelgiumKBO/BCE: BE 1003.661.671

The computed 12-month bankruptcy probability of FAS Group is 1.9% (moderate). The 2025 annual accounts show equity of €177k and a net result of €68k. Its solvency ranks better than 49% of 7391 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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Checked score

Score 2025

65 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability89▼-11

Solvency68▼-15

Growth52

Track record82

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days only on tighter terms

Liquidity ample (current ratio 2.67 against 2.11 in 2024; short-term debt: 34.9% and cash: 14% of total assets), but 57.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

42.7%

Return on assets

16.4%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

2 d early

2024

26 d late

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€177k▲ 62.1%

2024 · €109k

2024: €109k

2024 → 2025

Total assets

€415k▲ 122%

2024 · €187k

2024: €187k

2024 → 2025

Net result

€68k▼ 34.3%

2024 · €103k

2024: €103k

2024 → 2025

Working capital

€241k▲ 180%

2024 · €86k

2024: €86k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€109k-€177k▲ 62.1%

Operating result€131k-€85k▼ 34.7%

Net result€103k-€68k▼ 34.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 35% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €415k

93.0%

Fixed assets €29k▲ 25.9%

Current assets €386k▲ 135%

Equity and liabilities €415k

42.7%

57.3%

Equity €177k▲ 62.1%

Debt €238k▲ 206%

The debt ratio rises from 41.6% to 57.3%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€97k▼

2024 · €140k

Cash flow

€80k▼

2024 · €113k

Solvency

42.7%▼

2024 · 58.4%

Current ratio

2.67▲

2024 · 2.11

Quick ratio

2.63▲

2024 · 2.11

Debt / equity

1.34▲

2024 · 0.71

ROE

38.3%▼

2024 · 94.5%

ROA

16.4%▼

2024 · 55.2%

Interest coverage

63.13▼

2024 · 790.82

Debt

€238k▲

2024 · €78k

Debt ≤ 1 year

€145k▲

2024 · €78k

Income taxes

€18k▼

2024 · €29k

Staff costs

€64k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€187k€415k▲

Fixed assets21/28€23k€29k▲

Intangible fixed assets21-€6k

Tangible fixed assets22/27€23k€16k▼

Plant, machinery and equipment23€6k€6k▲

Furniture and vehicles24€18k€9k▼

Financial fixed assets28-€8k

Current assets29/58€164k€386k▲

Stocks and contracts in progress3-€5k

Stocks30/36-€5k

Amounts receivable within one year40/41€141k€319k▲

Trade receivables40€108k€230k▲

Other amounts receivable41€33k€88k▲

Cash at bank and in hand54/58€22k€58k▲

Deferred charges and accrued income490/1€1k€4k▲

Equity and liabilities

Total equity and liabilities10/49€187k€415k▲

Equity10/15€109k€177k▲

Contributions10/11€6k€6k=

Reserves13€103k€171k▲

Distributable reserves133€103k€171k▲

Amounts payable17/49€78k€238k▲

Amounts payable within one year42/48€78k€145k▲

Trade debts44€49k€88k▲

Suppliers440/4€49k€88k▲

Taxes, remuneration and social security45€29k€49k▲

Taxes450/3€29k€43k▲

Remuneration and social security454/9-€6k

Other amounts payable47/48-€9k

Accrued charges and deferred income492/3-€93k

Income statement Code20242025

Remuneration, social security and pensions62-€64k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲

Other operating charges640/8€30k€4k▼

Gross operating margin9900€170k€165k▼

Operating profit (loss)9901€131k€85k▼

Financial income75/76B€1k€2k▲

Recurring financial income75€1k€2k▲

Financial charges65/66B€178€2k▲

Recurring financial charges65€178€2k▲

Profit (loss) for the period before taxes9903€132k€86k▼

Income taxes67/77€29k€18k▼

Profit (loss) for the period9904€103k€68k▼

Profit (loss) for the period to be appropriated9905€103k€68k▼

Appropriation of the result

Profit (loss) to be appropriated9906€103k€68k▼

Transfer to equity691/2€103k€68k▼

To other reserves6921€103k€68k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €150kEq €177k ▲62.1%

2 profitable years in a row build equity to €177k.

26-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

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.

Koopvaardijlaan 49000 Gent

Ground area

76 m²

Building footprint

101 m²

Volume, LiDAR

1,039 m³

Parcel 44807G0907/00V000, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

FAS Group

Koopvaardijlaan 4, 9000 GentDemolition

since 20232.353.846.243

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44807G0907/00V000	Flanders	76 m²	1 · 101 m²	15.6 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Recognised contractor

10 categories

FAS Group BV#10301

category D, class 2 · category D16, class 2 · category D17, class 2 · category G5, class 2

decision 05-01-2026 · valid until 04-09-2027

FAS Group BV45746

category D1, class 1 · category D11, class 1 · category D18, class 1 · category D20, class 1 · category D5, class 1 · category P1, class 1

decision 05-01-2026

Similar companies · same sector, comparable size

BOUWWERKEN RUDY EN ANDRE BOSCH

VAN dEN HEULE EN ZONEN

Knokke-Heist · Eq €177k

Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 12,334 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-12-2023

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

41003General construction of other non-residential buildings

43110Demolition

43211General electrical installation work

43221Plumbing work

43222Installation of electric heating, air conditioning, cooling and ventilation

43240Other construction installation

43299Specialised construction activities

43350Other building finishing work

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.