FBM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FBM CONSTRUCT is 3.7% (moderate). The 2025 annual accounts show equity of €33,142 and a net result of €11,184. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 28051 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+27
Solvency90▲+9
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.7 against 2.0 in 2024; short-term debt: 35.5% and cash: 94% of total assets), and 35.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
64.5%
Return on assets
21.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-07-2026, 19 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
19 d early
2024
4 d early
2023
22 d late
2022
7 d early
2021
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€33,142▲ 50.9%
2024 · €21,958
Total assets
€51,379▲ 30.7%
2024 · €39,300
Net result
€11,184▲ 6,925%
2024 · €159
Working capital
€31,038▲ 79.9%
2024 · €17,258
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€9,587-€8,445▼ 11.9%€8,358▼ 1.0%€359▼ 95.7%€14,359▲ 3,903%
Net result€7,604-€6,601▼ 13.2%€6,593▼ 0.1%€159▼ 97.6%€11,184▲ 6,925%
Equity€8,604-€15,205▲ 76.7%€21,799▲ 43.4%€21,958▲ 0.7%€33,142▲ 50.9%
Total assets€28,928-€36,241▲ 25.3%€37,652▲ 3.9%€39,300▲ 4.4%€51,379▲ 30.7%
Debt€20,323-€21,036▲ 3.5%€15,854▼ 24.6%€17,342▲ 9.4%€18,237▲ 5.2%
Working capital-€6,754-€5,311€14,502▲ 173%€17,258▲ 19.0%€31,038▲ 79.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3,903% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,379
Fixed assets
€2,104 ▼ 55.2%
Current assets
€49,275 ▲ 42.4%
Equity and liabilities €51,379
Equity
€33,142 ▲ 50.9%
Debt
€18,237 ▲ 5.2%
Debt's share of the balance-sheet total falls from 44.1% to 35.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,956▲
2024 · €2,956
Cash flow
€13,781▲
2024 · €2,756
Current ratio
2.70▲
2024 · 2.00
Debt to equity
0.55▼
2024 · 0.79
ROE
33.7%▲
2024 · 0.7%
ROA
21.8%▲
2024 · 0.4%
Interest coverage
314.00▲
2024 · 54.23
Debt ≤ 1 year
€18,237▲
2024 · €17,342
Income taxes
€3,122▲
2024 · €145
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 | €1,396 | €2,452 | €2,597 | €2,597 | €2,597 | = |
| Other operating charges640/8 | €398 | €4,935 | €601 | €724 | €625 | ▼ 13.7% |
| Gross operating margin9900 | €11,381 | €15,833 | €11,556 | €3,680 | €17,581 | ▲ 378% |
| Operating profit (loss)9901 | €9,587 | €8,445 | €8,358 | €359 | €14,359 | ▲ 3,903% |
| Financial income75/76B | €0 | - | - | - | €0 | - |
| Recurring financial income75 | €0 | - | - | - | €0 | - |
| Financial charges65/66B | €80 | €71 | €48 | €55 | €54 | ▼ 0.9% |
| Recurring financial charges65 | €80 | €71 | €48 | €55 | €54 | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €9,507 | €8,374 | €8,310 | €304 | €14,305 | ▲ 4,602% |
| Income taxes67/77 | €1,903 | €1,773 | €1,716 | €145 | €3,122 | ▲ 2,052% |
| Profit (loss) for the period9904 | €7,604 | €6,601 | €6,593 | €159 | €11,184 | ▲ 6,925% |
| Profit (loss) for the period to be appropriated9905 | €7,604 | €6,601 | €6,593 | €159 | €11,184 | ▲ 6,925% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,928 | €36,241 | €37,652 | €39,300 | €51,379 | ▲ 30.7% |
| Fixed assets21/28 | €16,312 | €9,894 | €7,297 | €4,700 | €2,104 | ▼ 55.2% |
| Intangible fixed assets21 | €1,894 | €1,494 | €1,094 | €694 | €294 | ▼ 57.7% |
| Tangible fixed assets22/27 | €14,418 | €8,400 | €6,203 | €4,007 | €1,810 | ▼ 54.8% |
| Furniture and vehicles24 | €9,468 | €8,400 | €6,203 | €4,007 | €1,810 | ▼ 54.8% |
| Leasing and similar rights25 | €4,950 | - | - | - | - | - |
| Current assets29/58 | €12,616 | €26,347 | €30,355 | €34,600 | €49,275 | ▲ 42.4% |
| Amounts receivable within one year40/41 | €2,282 | €8,185 | €1,204 | €327 | €812 | ▲ 149% |
| Trade receivables40 | €1,190 | €7,698 | €240 | - | - | - |
| Other amounts receivable41 | €1,092 | €487 | €964 | €327 | €812 | ▲ 149% |
| Cash at bank and in hand54/58 | €10,156 | €17,721 | €29,078 | €33,815 | €48,290 | ▲ 42.8% |
| Deferred charges and accrued income490/1 | €178 | €441 | €73 | €458 | €174 | ▼ 62.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,928 | €36,241 | €37,652 | €39,300 | €51,379 | ▲ 30.7% |
| Equity10/15 | €8,604 | €15,205 | €21,799 | €21,958 | €33,142 | ▲ 50.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €7,604 | €14,205 | €20,799 | €20,958 | €32,142 | ▲ 53.4% |
| Amounts payable17/49 | €20,323 | €21,036 | €15,854 | €17,342 | €18,237 | ▲ 5.2% |
| Amounts payable after more than one year17 | €954 | - | - | - | - | - |
| Financial debts170/4 | €954 | - | - | - | - | - |
| Amounts payable within one year42/48 | €19,369 | €21,036 | €15,854 | €17,342 | €18,237 | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | €3,179 | - | - | - | - | - |
| Trade debts44 | €13,032 | €12,378 | €12,482 | €12,357 | €12,521 | ▲ 1.3% |
| Suppliers440/4 | €13,032 | €12,378 | €12,482 | €12,357 | €12,521 | ▲ 1.3% |
| Taxes, remuneration and social security45 | €1,903 | €7,153 | €1,716 | €3,095 | €3,522 | ▲ 13.8% |
| Taxes450/3 | €1,903 | €2,213 | €1,716 | €345 | €3,522 | ▲ 921% |
| Remuneration and social security454/9 | - | €4,940 | - | €2,750 | - | - |
| Other amounts payable47/48 | €1,255 | €1,505 | €1,655 | €1,890 | €2,194 | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,604 | €6,601 | €6,593 | €159 | €11,184 | ▲ 6,925% |
| + Depreciation and write-downs630 | €1,396 | €2,452 | €2,597 | €2,597 | €2,597 | = |
| Operating cash flow (approximation) | €9,000 | €9,053 | €9,190 | €2,756 | €13,781 | ▲ 400% |
| Investment in fixed assets (approximation) | - | €3,966 | €0 | €0 | €0 | - |
| Change in cash | - | €7,565 | €11,357 | €4,737 | €14,474 | ▲ 206% |
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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €11,184 ▲6,925%
Operating result €14,359, net result €11,184, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €159 ▼97.6%
Net result drops to €159, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Jette · 1 establishment unit since 2021
Ground area
371 m²
Building footprint
183 m²
Volume, LiDAR
3,796 m³
Parcel 21463D0298/00W007, Brussels · tallest building 27.5 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FBM CONSTRUCT
since 20212.317.648.417
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0298/00W007 | Brussels | 371 m² | 1 · 183 m² | 27.5 m · 7 fl. |
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
G&S Construct
BE 0785.446.117
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BGAN CONSTRUCT BV
BE 1009.033.590
Kraainem · Eq €33,113
ROYAL RENOVATIE
BE 0665.622.314
Mechelen · Eq €33,186
ARIPA
BE 0727.981.634
Ganshoren · Eq €33,192
Severini
BE 0537.289.433
Antwerpen · Eq €33,087
Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,768 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
Founded21-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.