FB IMMO
ActiveSummary
FB IMMO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €30k. Equity is growing by ~51.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-13
Solvency67▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.89 in 2023; short-term debt: 16.6% and cash: 11.9% of total assets), and 57.7% 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 →
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 2024Solvency, return and age of the figures
Solvency
42.3%
Return on assets
14.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
30 d late
2022
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€88k▲ 52.3%
2023 · €58k
Total assets
€209k▲ 4.0%
2023 · €201k
Net result
€30k▼ 72.8%
2023 · €111k
Working capital
€7k
2023 · €-4k
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
Line202220232024
Operating result€12k-€46k▲ 269%€46k▲ 0.9%
Net result€8k-€111k▲ 1,247%€30k▼ 72.8%
Equity€29k-€58k▲ 99.2%€88k▲ 52.3%
Total assets€35k-€201k▲ 474%€209k▲ 4.0%
Debt€6k-€143k▲ 2,336%€121k▼ 15.7%
Working capital€23k-€-4k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209k
Fixed assets
€167k ▲ 0.6%
Current assets
€42k ▲ 19.8%
Equity and liabilities €209k
Equity
€88k ▲ 52.3%
Debt
€121k ▼ 15.7%
Debt's share of the balance-sheet total falls from 71.1% to 57.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2023 · €47k
Cash flow
€31k▼
2023 · €112k
Current ratio
1.22▲
2023 · 0.89
Debt to equity
1.36▼
2023 · 2.46
ROE
34.4%▼
2023 · 192.1%
ROA
14.5%▼
2023 · 55.4%
Interest coverage
8.03▼
2023 · 10.19
Debt ≤ 1 year
€35k▼
2023 · €39k
Debt > 1 year
€86k▼
2023 · €104k
Income taxes
€10k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €868 | €825 | €873 | ▲ 5.9% |
| Other operating charges640/8 | €1k | €656 | €901 | ▲ 37.4% |
| Gross operating margin9900 | €15k | €47k | €48k | ▲ 1.5% |
| Operating profit (loss)9901 | €12k | €46k | €46k | ▲ 0.9% |
| Financial income75/76B | €0 | €83k | - | - |
| Recurring financial income75 | €0 | €83k | - | - |
| Financial charges65/66B | €1k | €5k | €6k | ▲ 28.1% |
| Recurring financial charges65 | €1k | €5k | €6k | ▲ 28.1% |
| Profit (loss) for the period before taxes9903 | €11k | €124k | €40k | ▼ 67.4% |
| Income taxes67/77 | €3k | €12k | €10k | ▼ 19.0% |
| Profit (loss) for the period9904 | €8k | €111k | €30k | ▼ 72.8% |
| Profit (loss) for the period to be appropriated9905 | €8k | €111k | €30k | ▼ 72.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35k | €201k | €209k | ▲ 4.0% |
| Fixed assets21/28 | €6k | €166k | €167k | ▲ 0.6% |
| Tangible fixed assets22/27 | €6k | €5k | €6k | ▲ 19.9% |
| Furniture and vehicles24 | €220 | €139 | €59 | ▼ 57.7% |
| Other tangible fixed assets26 | €6k | €5k | €6k | ▲ 22.1% |
| Financial fixed assets28 | €30 | €161k | €161k | = |
| Current assets29/58 | €29k | €35k | €42k | ▲ 19.8% |
| Amounts receivable within one year40/41 | €9k | €17k | €17k | ▲ 0.6% |
| Trade receivables40 | €3k | €13k | €13k | ▲ 4.2% |
| Other amounts receivable41 | €6k | €4k | €4k | ▼ 9.5% |
| Cash at bank and in hand54/58 | €20k | €18k | €25k | ▲ 37.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35k | €201k | €209k | ▲ 4.0% |
| Equity10/15 | €29k | €58k | €88k | ▲ 52.3% |
| Contributions10/11 | €2k | €2k | €2k | ▲ 10.0% |
| Reserves13 | €27k | €56k | €56k | ▼ 0.4% |
| Non-distributable reserves130/1 | €200 | €200 | - | - |
| Reserves not available under the articles1311 | €200 | €200 | - | - |
| Distributable reserves133 | €27k | €56k | €56k | = |
| Profit (loss) carried forward14 | €430 | €321 | €31k | ▲ 9,460% |
| Amounts payable17/49 | €6k | €143k | €121k | ▼ 15.7% |
| Amounts payable after more than one year17 | - | €104k | €86k | ▼ 16.9% |
| Financial debts170/4 | - | €104k | €86k | ▼ 16.9% |
| Amounts payable within one year42/48 | €6k | €39k | €35k | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | €4k | €31k | €28k | ▼ 9.0% |
| Trade debts44 | €792 | €4k | €3k | ▼ 19.9% |
| Suppliers440/4 | €792 | €4k | €3k | ▼ 19.9% |
| Taxes, remuneration and social security45 | €1k | €660 | €3k | ▲ 365% |
| Taxes450/3 | €746 | €160 | €2k | ▲ 1,197% |
| Remuneration and social security454/9 | €612 | €500 | €1k | ▲ 100% |
| Other amounts payable47/48 | €61 | €4k | €739 | ▼ 83.5% |
| Accrued charges and deferred income492/3 | €6 | €20 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €111k | €30k | ▼ 72.8% |
| + Depreciation and write-downs630 | €868 | €825 | €873 | ▲ 5.9% |
| Operating cash flow (approximation) | €9k | €112k | €31k | ▼ 72.2% |
| Investment in fixed assets (approximation) | - | €-161k | €-2k | ▲ 98.8% |
| Change in cash | - | €-2k | €7k | ▲ 394% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €111k ▲1,247%
Net result €111k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
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, Gerpinnes · 1 establishment unit since 2018
Ground area
718 m²
Building footprint
110 m²
Parcel 52033B0239/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FB IMMO
since 20182.271.630.627
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52033B0239/00G000 | Wallonia | 718 m² | 1 · 110 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.
Similar companies · same sector, comparable size
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Thomas Léon Brucciolo Investment
BE 1013.503.906
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,635 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded04-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.