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 €178k and a net result of €20k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 9234 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 €16k 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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€178k▲ 12.7%
2024 · €158k
Total assets
€186k▼ 3.4%
2024 · €193k
Net result
€20k▼ 13.8%
2024 · €23k
Working capital
€54k▲ 120%
2024 · €25k
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€13k▲ 53.2%€24k▲ 91.3%€26k▲ 9.5%€35k▲ 31.4%€30k▼ 14.3%
Net result€7k▲ 29.2%€17k▲ 134%€17k▲ 0.7%€23k▲ 37.3%€20k▼ 13.8%
Equity€101k▲ 7.7%€118k▲ 16.7%€135k▲ 14.4%€158k▲ 17.3%€178k▲ 12.7%
Total assets€172k▼ 3.0%€177k▲ 3.4%€188k▲ 5.8%€193k▲ 2.8%€186k▼ 3.4%
Debt€71k▼ 15.1%€60k▼ 15.7%€53k▼ 11.3%€35k▼ 34.2%€8k▼ 76.7%
Working capital€3k€-8k€5k€25k▲ 385%€54k▲ 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 €186k
Fixed assets
€128k ▼ 6.9%
Current assets
€58k ▲ 5.2%
Equity and liabilities €186k
Equity
€178k ▲ 12.7%
Debt
€8k ▼ 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
€39k▼
2024 · €47k
Cash flow
€30k▼
2024 · €36k
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
€4k▼
2024 · €31k
Debt > 1 year
€4k=
2024 · €4k
Income taxes
€9k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €11k | €12k | €12k | €9k | ▼ 22.3% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 2.9% |
| Gross operating margin9900 | €32k | €37k | €40k | €49k | €41k | ▼ 15.6% |
| Operating profit (loss)9901 | €13k | €24k | €26k | €35k | €30k | ▼ 14.3% |
| Financial charges65/66B | €2k | €1k | €817 | €528 | €263 | ▼ 50.1% |
| Recurring financial charges65 | €2k | €1k | €817 | €528 | €263 | ▼ 50.1% |
| Profit (loss) for the period before taxes9903 | €11k | €23k | €26k | €34k | €30k | ▼ 13.8% |
| Income taxes67/77 | €4k | €6k | €9k | €11k | €9k | ▼ 13.8% |
| Profit (loss) for the period9904 | €7k | €17k | €17k | €23k | €20k | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €7k | €17k | €17k | €23k | €20k | ▼ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172k | €177k | €188k | €193k | €186k | ▼ 3.4% |
| Fixed assets21/28 | €150k | €162k | €150k | €138k | €128k | ▼ 6.9% |
| Tangible fixed assets22/27 | €150k | €162k | €150k | €138k | €128k | ▼ 6.9% |
| Land and buildings22 | €137k | €153k | €145k | €137k | €128k | ▼ 6.1% |
| Plant, machinery and equipment23 | €13k | €9k | €5k | €1k | €0 | ▼ 100% |
| Current assets29/58 | €22k | €15k | €38k | €55k | €58k | ▲ 5.2% |
| Amounts receivable within one year40/41 | - | - | - | - | €2k | - |
| Other amounts receivable41 | - | - | - | - | €2k | - |
| Cash at bank and in hand54/58 | €21k | €14k | €38k | €54k | €57k | ▲ 4.1% |
| Deferred charges and accrued income490/1 | €785 | €832 | - | €916 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172k | €177k | €188k | €193k | €186k | ▼ 3.4% |
| Equity10/15 | €101k | €118k | €135k | €158k | €178k | ▲ 12.7% |
| Contributions10/11 | €19k | €19k | €21k | €21k | €21k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Outside capital11 | - | - | €21k | €21k | €21k | = |
| Other1109/19 | - | - | €21k | €21k | €21k | = |
| Reserves13 | €82k | €99k | €114k | €137k | €157k | ▲ 14.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €80k | €97k | €114k | €137k | €157k | ▲ 14.7% |
| Amounts payable17/49 | €71k | €60k | €53k | €35k | €8k | ▼ 76.7% |
| Amounts payable after more than one year17 | €52k | €36k | €20k | €4k | €4k | = |
| Financial debts170/4 | €48k | €32k | €16k | - | - | - |
| Other amounts payable178/9 | €4k | €4k | €4k | €4k | €4k | = |
| Amounts payable within one year42/48 | €19k | €23k | €33k | €31k | €4k | ▼ 87.3% |
| Current portion of amounts payable after more than one year42 | €15k | €16k | €16k | €16k | - | - |
| Trade debts44 | - | €2k | €2k | €3k | €4k | ▲ 36.8% |
| Suppliers440/4 | - | €2k | €2k | €3k | €4k | ▲ 36.8% |
| Taxes, remuneration and social security45 | €4k | €6k | €15k | €11k | - | - |
| Taxes450/3 | €4k | €6k | €15k | €11k | - | - |
| Other amounts payable47/48 | - | - | €7 | €7 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €17k | €17k | €23k | €20k | ▼ 13.8% |
| + Depreciation and write-downs630 | €17k | €11k | €12k | €12k | €9k | ▼ 22.3% |
| Operating cash flow (approximation) | €24k | €28k | €29k | €36k | €30k | ▼ 16.7% |
| Investment in fixed assets (approximation) | - | €-23k | €0 | €0 | €0 | - |
| Change in cash | - | €-7k | €23k | €17k | €2k | ▼ 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.
More with these figures Sector benchmark What changed Value indication
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 €31k to €4k.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €23k ▲37.3%
Operating result €35k, net result €23k, both a record.
31-12
Financial
Equity above €150kEq €158k ▲17.3%
7 profitable years in a row build equity to €158k.
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 €100kEq €101k ▲7.7%
4 profitable years in a row build equity to €101k.
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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DISTURB STUDIO
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 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
Scores and ratios are computed by Checked and are not a credit decision.