Turnover
≈ €430,000 estimated
The abbreviated format states no turnover.
FBR Project Engineering
Lifetime
1 annual account with figurespeak €168,461 (2025)
€168,461
peak €43,574 (2025)
€43,574
peak €48,574 (2025)
€48,574
€213,102
peak 1.3 FTE (2025)
1.3 FTE
Board2 names since 2024
1 directorACKEIN,Steve Bert Julien
Documentsfilings and deeds
03-04-202627 days before the deadline
2025abbreviated format
First year with figures
Key points
from the 2025 annual accountsChecked score
50
Fair
Financially stronger than 49% of micro companies in rental and leasing (NACE 77)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,165 companies (NACE 77, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 1.6%lowest value
01-2026: 1.6%● unchanged vs 12-2025lowest value
02-2026: 1.7%▲ +0.1 percentage points vs 01-2026
03-2026: 2.0%▲ +0.3 percentage points vs 02-2026
04-2026: 2.1%▲ +0.1 percentage points vs 03-2026
05-2026: 2.4%▲ +0.3 percentage points vs 04-2026
06-2026: 2.4%● unchanged vs 05-2026
07-2026: 2.6%▲ +0.2 percentage points vs 06-2026
08-2026: 5.0%▲ +2.4 percentage points vs 07-2026highest value
09-2026: 4.8%▼ -0.2 percentage points vs 08-2026
10-2026: 3.4%▼ -1.4 percentage points vs 09-2026
11-2026: 3.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
Size: 1.3 FTE, total assets €261,677
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 03-04-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, micro). It does better than 36% of them on solvency, 26% on liquidity and 85% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,390 companies had the same profile as FBR Project Engineering has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FBR Project Engineering itself is higher: 3.4% within 12 months. It rests on far more data about FBR Project Engineering than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,390 companies, not a prediction for FBR Project Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02, below the usual 1.5. Short-term debt is 56.4% and cash 6% of total assets. 81.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
27 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Company renamed from Wharf11 to FBR Project Engineering
Registered office moved within Bredene · New registered office: Brugsesteenweg 57C bus 0002, 8450 Bredene · Previous registered office: Doornenbilkstraat 40, 8450 Bredene · General meeting of 22-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016618495
Incorporation
Founding capital of €5,000, 1,000 shares · Founder: ACKEIN, Steve Bert Julien · Appointment: ACKEIN, Steve Bert Julien (director) · published on 05-12-2024 · Gazette deed
First establishment
Wharf11, Doornenbilkstraat 40, Bredene
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FBR Project Engineering Bredene | €261,677 | €168,461 | 18.6% | 1.3 |
| RL-Events Lede | €409,824 | €86,255 | 34.3% | 0.1 |
| JVL Rental Brussels | €306,481 | €143,781 | 35.7% | - |
| CLUK Zulte | €209,925 | €86,207 | 39.5% | - |
| MONTAUK EUROPE Ixelles | €385,762 | €93,906 | 26.2% | - |
| JLP Events Ans | €475,343 | €88,224 | 12.1% | - |
| Just WAOUH Ciney | €216,152 | €101,010 | 61.1% | - |
These companies have the same main activity as FBR Project Engineering: rental and leasing activities (NACE 77222). They are comparable in size and age: total assets between €210,000 and €475,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 26-11-2024Normal situation
- Activity
- Rental and leasing activitiesNACE 77222and 6 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.366.812.7678450 Bredene, since 26-11-2024
- Financial year end
- 30 September
- Peppol
- Reachable since 02-12-2024
Annual accounts to 30-09-2025
- €261,677
- Employeeson 30-09-2025
- 2
- Filing
- Filed on 03-04-2026, 27 days before the end of the filing period
Insights on FBR Project Engineering
The computed 12-month bankruptcy probability of FBR Project Engineering is 3.4% (moderate). The 2025 annual accounts show equity of €48,574 and a net result of €43,574.
Its solvency ranks better than 31% of 1,142 sector peers (NACE 77, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FBR Project Engineering
- What is the company number of FBR Project Engineering?
- The company number of FBR Project Engineering is 1016.618.495. The VAT number is the same number with BE in front: BE 1016.618.495.
- Where is FBR Project Engineering based?
- The registered office is at Brugsesteenweg 57C, 8450 Bredene.Company details
- What does FBR Project Engineering do?
- According to the KBO register, the main activity is rental and leasing activities (NACE 77222).
- What is the legal form of FBR Project Engineering?
- FBR Project Engineering is a private limited company (BV).
- When was FBR Project Engineering founded?
- FBR Project Engineering was founded on 26-11-2024.
- Is FBR Project Engineering still active?
- Yes, FBR Project Engineering is an active enterprise in the KBO register.
- How many employees does FBR Project Engineering have?
- FBR Project Engineering had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FBR Project Engineering fall under?
- In its 30-09-2025 annual accounts, FBR Project Engineering states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of FBR Project Engineering?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €168,461 and 1,649 comparable companies of the same size. It probably lies between €260,000 and €800,000. It is a rough estimate.
- Is FBR Project Engineering profitable?
- In financial year 2025, FBR Project Engineering made a profit of €43,574.
- Where can I find the annual accounts of FBR Project Engineering?
- FBR Project Engineering filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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