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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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.
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.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,636 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.