FASIL
ActiveSummary
FASIL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,313 and a net result of €20,126. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 14.96 against 1.81 in 2024; short-term debt: 2.1% and cash: 30.3% of total assets), and 4.3% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.7%
Return on assets
10.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
19 d late
2023
42 d early
2022
42 d early
2021
41 d early
2020
39 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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.
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, abbreviated schema
In the rankings
#5 oldest company in Le Roeulx, Real estate sector#8 company by equity in Le Roeulx, Real estate sector
Equity
€178,313▲ 12.7%
2024 · €158,187
Total assets
€186,399▼ 3.4%
2024 · €192,953
Net result
€20,126▼ 13.8%
2024 · €23,343
Working capital
€54,242▲ 120%
2024 · €24,664
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
Line20212022202320242025
Operating result€12,622▲ 53.2%€24,147▲ 91.3%€26,451▲ 9.5%€34,762▲ 31.4%€29,782▼ 14.3%
Net result€7,227▲ 29.2%€16,878▲ 134%€17,005▲ 0.7%€23,343▲ 37.3%€20,126▼ 13.8%
Equity€100,961▲ 7.7%€117,839▲ 16.7%€134,844▲ 14.4%€158,187▲ 17.3%€178,313▲ 12.7%
Total assets€171,557▼ 3.0%€177,381▲ 3.4%€187,667▲ 5.8%€192,953▲ 2.8%€186,399▼ 3.4%
Debt€70,596▼ 15.1%€59,542▼ 15.7%€52,823▼ 11.3%€34,766▼ 34.2%€8,086▼ 76.7%
Working capital€2,791-€8,111€5,081€24,664▲ 385%€54,242▲ 120%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,399
Fixed assets
€128,271 ▼ 6.9%
Current assets
€58,128 ▲ 5.2%
Equity and liabilities €186,399
Equity
€178,313 ▲ 12.7%
Debt
€8,086 ▼ 76.7%
Debt's share of the balance-sheet total falls from 18.0% to 4.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,233▼
2024 · €46,930
Cash flow
€29,578▼
2024 · €35,511
Current ratio
14.96▲
2024 · 1.81
Debt to equity
0.05▼
2024 · 0.22
ROE
11.3%▼
2024 · 14.8%
ROA
10.8%▼
2024 · 12.1%
Interest coverage
148.98▲
2024 · 88.93
Debt ≤ 1 year
€3,886▼
2024 · €30,566
Debt > 1 year
€4,200=
2024 · €4,200
Income taxes
€9,392▼
2024 · €10,891
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 31,324 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 | €16,590 | €11,094 | €12,168 | €12,168 | €9,452 | ▼ 22.3% |
| Other operating charges640/8 | €2,370 | €1,728 | €1,573 | €2,107 | €2,168 | ▲ 2.9% |
| Gross operating margin9900 | €31,582 | €36,969 | €40,192 | €49,036 | €41,401 | ▼ 15.6% |
| Operating profit (loss)9901 | €12,622 | €24,147 | €26,451 | €34,762 | €29,782 | ▼ 14.3% |
| Financial charges65/66B | €1,540 | €1,129 | €817 | €528 | €263 | ▼ 50.1% |
| Recurring financial charges65 | €1,540 | €1,129 | €817 | €528 | €263 | ▼ 50.1% |
| Profit (loss) for the period before taxes9903 | €11,082 | €23,019 | €25,634 | €34,234 | €29,518 | ▼ 13.8% |
| Income taxes67/77 | €3,855 | €6,141 | €8,629 | €10,891 | €9,392 | ▼ 13.8% |
| Profit (loss) for the period9904 | €7,227 | €16,878 | €17,005 | €23,343 | €20,126 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €7,227 | €16,878 | €17,005 | €23,343 | €20,126 | ▼ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171,557 | €177,381 | €187,667 | €192,953 | €186,399 | ▼ 3.4% |
| Fixed assets21/28 | €149,716 | €162,059 | €149,891 | €137,723 | €128,271 | ▼ 6.9% |
| Tangible fixed assets22/27 | €149,716 | €162,059 | €149,891 | €137,723 | €128,271 | ▼ 6.9% |
| Land and buildings22 | €137,210 | €153,358 | €144,996 | €136,634 | €128,271 | ▼ 6.1% |
| Plant, machinery and equipment23 | €12,506 | €8,701 | €4,895 | €1,090 | €0 | ▼ 100% |
| Current assets29/58 | €21,841 | €15,323 | €37,776 | €55,229 | €58,128 | ▲ 5.2% |
| Amounts receivable within one year40/41 | - | - | - | - | €1,608 | - |
| Other amounts receivable41 | - | - | - | - | €1,608 | - |
| Cash at bank and in hand54/58 | €21,056 | €14,491 | €37,776 | €54,313 | €56,520 | ▲ 4.1% |
| Deferred charges and accrued income490/1 | €785 | €832 | - | €916 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171,557 | €177,381 | €187,667 | €192,953 | €186,399 | ▼ 3.4% |
| Equity10/15 | €100,961 | €117,839 | €134,844 | €158,187 | €178,313 | ▲ 12.7% |
| Contributions10/11 | €19,000 | €19,000 | €20,900 | €20,900 | €20,900 | = |
| Capital10 | €19,000 | €19,000 | - | - | - | - |
| Issued capital100 | €19,000 | €19,000 | - | - | - | - |
| Outside capital11 | - | - | €20,900 | €20,900 | €20,900 | = |
| Other1109/19 | - | - | €20,900 | €20,900 | €20,900 | = |
| Reserves13 | €81,961 | €98,839 | €113,944 | €137,287 | €157,413 | ▲ 14.7% |
| Non-distributable reserves130/1 | €1,900 | €1,900 | - | - | - | - |
| Legal reserve130 | €1,900 | €1,900 | - | - | - | - |
| Distributable reserves133 | €80,061 | €96,939 | €113,944 | €137,287 | €157,413 | ▲ 14.7% |
| Amounts payable17/49 | €70,596 | €59,542 | €52,823 | €34,766 | €8,086 | ▼ 76.7% |
| Amounts payable after more than one year17 | €51,545 | €36,108 | €20,128 | €4,200 | €4,200 | = |
| Financial debts170/4 | €47,945 | €32,258 | €16,278 | - | - | - |
| Other amounts payable178/9 | €3,600 | €3,850 | €3,850 | €4,200 | €4,200 | = |
| Amounts payable within one year42/48 | €19,050 | €23,434 | €32,695 | €30,566 | €3,886 | ▼ 87.3% |
| Current portion of amounts payable after more than one year42 | €15,400 | €15,687 | €15,980 | €16,278 | - | - |
| Trade debts44 | - | €1,597 | €1,929 | €2,840 | €3,886 | ▲ 36.8% |
| Suppliers440/4 | - | €1,597 | €1,929 | €2,840 | €3,886 | ▲ 36.8% |
| Taxes, remuneration and social security45 | €3,650 | €6,150 | €14,779 | €11,441 | - | - |
| Taxes450/3 | €3,650 | €6,150 | €14,779 | €11,441 | - | - |
| Other amounts payable47/48 | - | - | €7 | €7 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,227 | €16,878 | €17,005 | €23,343 | €20,126 | ▼ 13.8% |
| + Depreciation and write-downs630 | €16,590 | €11,094 | €12,168 | €12,168 | €9,452 | ▼ 22.3% |
| Operating cash flow (approximation) | €23,817 | €27,972 | €29,172 | €35,511 | €29,578 | ▼ 16.7% |
| Investment in fixed assets (approximation) | - | -€23,436 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,565 | €23,285 | €16,537 | €2,207 | ▼ 86.7% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Liquidity times 8current ratio 14.96
Current ratio from 1.81 to 14.96; short-term debt falls from €30,566 to €3,886.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €23,343 ▲37.3%
Operating result €34,762, net result €23,343, both a record.
31-12
Financial
Equity above €150,000Eq €158,187 ▲17.3%
7 profitable years in a row build equity to €158,187.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €100,961 ▲7.7%
4 profitable years in a row build equity to €100,961.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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, Le Roeulx · 1 establishment unit since 2002
Ground area
1,680 m²
Building footprint
503 m²
Parcel 55542A0425/00W002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Soignies(R) 56, 7070 Le Roeulx
since 20022.098.739.807
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55542A0425/00W002 | Wallonia | 1,680 m² | 1 · 503 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.
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LISTED
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 5,223 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
Founded17-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
Contact
E-mail
info@mulinobianco.beLe Roeulx
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475329494
Also
9925:BE0475329494
Registered
24-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.