Skip to content

FBR Project Engineering

Active
Private limited companyfounded 2024active for 1 yearBrugsesteenweg 57C, 8450 Bredene, BelgiumKBO/BCE: BE 1016.618.495
Summary

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 1,133 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.

Financials · financial year 2025, abbreviated format

Equity
€48,574
Total assets
€261,677
Net result
€43,574
Working capital
€3,284

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €261,677
Fixed assets €110,913
Current assets €150,763
Equity and liabilities €261,677
Equity €48,574
Debt €213,102
Debt finances 81.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€66,437
Cash flow
€50,346
Current ratio
1.02
Debt to equity
4.39
ROE
89.7%
ROA
16.7%
Interest coverage
49.75
Debt ≤ 1 year
€147,479
Debt > 1 year
€65,624
Income taxes
€14,814
Staff costs
€101,567

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€261,677
Fixed assets21/28€110,913
Intangible fixed assets21€13,819
Tangible fixed assets22/27€90,061
Furniture and vehicles24€89,382
Assets under construction and advance payments27€679
Financial fixed assets28€7,034
Current assets29/58€150,763
Amounts receivable within one year40/41€131,496
Trade receivables40€104,537
Other amounts receivable41€26,959
Cash at bank and in hand54/58€15,614
Deferred charges and accrued income490/1€3,654
Equity and liabilities
Total equity and liabilities10/49€261,677
Equity10/15€48,574
Contributions10/11€5,000
Reserves13€43,574
Distributable reserves133€43,574
Amounts payable17/49€213,102
Amounts payable after more than one year17€65,624
Financial debts170/4€65,624
Amounts payable within one year42/48€147,479
Current portion of amounts payable after more than one year42€15,969
Trade debts44€104,493
Suppliers440/4€104,493
Taxes, remuneration and social security45€27,017
Taxes450/3€24,833
Remuneration and social security454/9€2,184
Income statement Code2025
Remuneration, social security and pensions62€101,567
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,772
Other operating charges640/8€456
Gross operating margin9900€168,461
Operating profit (loss)9901€59,665
Financial income75/76B€59
Recurring financial income75€59
Financial charges65/66B€1,336
Recurring financial charges65€1,336
Profit (loss) for the period before taxes9903€58,389
Income taxes67/77€14,814
Profit (loss) for the period9904€43,574
Profit (loss) for the period to be appropriated9905€43,574
Appropriation of the result
Profit (loss) to be appropriated9906€43,574
Transfer to equity691/2€43,574
To other reserves6921€43,574
Social balance sheet
Average headcount (FTE)90871.3

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€101,567
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,772
Other operating charges640/8€456
Gross operating margin9900€168,461
Operating profit (loss)9901€59,665
Financial income75/76B€59
Recurring financial income75€59
Financial charges65/66B€1,336
Recurring financial charges65€1,336
Profit (loss) for the period before taxes9903€58,389
Income taxes67/77€14,814
Profit (loss) for the period9904€43,574
Profit (loss) for the period to be appropriated9905€43,574
Line2025
Assets
Total assets20/58€261,677
Fixed assets21/28€110,913
Intangible fixed assets21€13,819
Tangible fixed assets22/27€90,061
Furniture and vehicles24€89,382
Assets under construction and advance payments27€679
Financial fixed assets28€7,034
Current assets29/58€150,763
Amounts receivable within one year40/41€131,496
Trade receivables40€104,537
Other amounts receivable41€26,959
Cash at bank and in hand54/58€15,614
Deferred charges and accrued income490/1€3,654
Equity and liabilities
Total equity and liabilities10/49€261,677
Equity10/15€48,574
Contributions10/11€5,000
Reserves13€43,574
Distributable reserves133€43,574
Amounts payable17/49€213,102
Amounts payable after more than one year17€65,624
Financial debts170/4€65,624
Amounts payable within one year42/48€147,479
Current portion of amounts payable after more than one year42€15,969
Trade debts44€104,493
Suppliers440/4€104,493
Taxes, remuneration and social security45€27,017
Taxes450/3€24,833
Remuneration and social security454/9€2,184
Line2025
Profit (loss) for the period9904€43,574
+ Depreciation and write-downs630€6,772
Operating cash flow (approximation)€50,346

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
30-09-2025 abbreviated format 03-04-2026 2026-00072276

Similar companies · same sector, comparable size

Of the 506 active companies whose main activity is rental and leasing activities (NACE 77222), figures are known for 164. 119 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €273 awarded · €273 paid
Schemes
1 entry · €273 · €273 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.