FBR Project Engineering
ActiveSummary
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 1,139 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.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-11-2024 Normal situation
- Activity
- Rental and leasing activities NACE 77222and 6 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2025
- Establishment unit
- 2.366.812.767 8450 Bredene, since 26-11-2024
- Financial year end
- 30 September
- Peppol
- Reachable since 02-12-2024
Board and ownership
- ACKEIN,Steve Bert JulienDirector · since 26-11-2024
- FBR EUROPE BVDirector · permanent representative FABER Ruben
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.4%
- Gross margin
- €168,461
- Turnover
- ≈ €430,000
- estimated
- Profit
- €43,574
- Equity
- €48,574
- Total assets
- €261,677
- Employees on 30-09-2025
- 2
Score breakdownraises riskFounded in 2024Size: 1.3 FTE, total assets €261,6771 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed on 03-04-2026)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 01-11-2026 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.
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).
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
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 03-04-2026 at the NBB
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| part-time | 0 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 1.3 |
| On a permanent contract | 2 |
| Joined | 2 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-09-2025 |
|---|---|
| Tangible fixed assets | €94,600 |
| Intangible fixed assets | €16,052 |
| Financial fixed assets | €7,034 |
| Depreciation and write-downs of the year | €6,772 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €273 awarded · €273 paidComparable companies
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.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| FBR Project Engineering Bredene | 2024 | €261,677 | €48,574 | €168,461 | - | €43,574 | 1.3 | 2025 |
| RL-Events Lede | 2023 | €409,824 | €140,703 | €86,255 | - | €19,892 | 0.1 | 2025 |
| JVL Rental Brussel | 2024 | €306,481 | €109,286 | €143,781 | - | €24,077 | - | 2025 |
| CLUK Zulte | 2024 | €209,925 | €82,843 | €86,207 | - | €67,152 | - | 2025 |
| MONTAUK EUROPE Elsene | 2023 | €385,762 | €101,104 | €93,906 | - | €17,364 | - | 2025 |
| JLP Events Ans | 2025 | €475,343 | €57,743 | €88,224 | €0 | €42,743 | - | 2025 |
| Just WAOUH Ciney | 2023 | €216,152 | €132,147 | €101,010 | - | €63,651 | - | 2024 |
They were chosen from the 166 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,390 companies had the same profile as FBR Project Engineering has now. Two years later, 1.2% had gone bankrupt and 96.7% were still going.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
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 497,445 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.
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €43,574 |
| + Depreciation and write-downs630 | €6,772 |
| Operating cash flow (approximation) | €50,346 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 03-04-2026 | 2026-00072276 | NBB |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Shareholders
- ACKEIN,Steve Bert Julien 1,000 shares (100%) · €5,000
Capital transactions
- 05-12-2024 Incorporation · €5,000 · 1,000 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ACKEIN,Steve Bert Julien |
|
| FBR EUROPE BV |
|
| ACKEIN Steve |
|
Articles of association
Board and representation
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1”
deed of 06-07-2026 (in Dutch)
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
deed of 05-12-2024 (in Dutch)
Network & group
FBR Project Engineering shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of FBR Project Engineering. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-07
Gazette deed
Company renamed from Wharf11 to FBR Project EngineeringRegistered office moved within Bredene · Resignation: ACKEIN Steve (director) · Appointment: FBR EUROPE B.V. (director)10 points ▸
- General meeting, 22-06-2026
- Name change, FBR Project Engineering
- Other provision, “one-time extension of current fiscal year”, 31-12-2026 (deed in Dutch)
- Director resignation, ACKEIN Steve (director)
- Director appointment, FBR EUROPE B.V. (director (not named in the articles))
- Permanent representative, FABER Ruben
- Other provision, “onbezoldigd, zetel van de vennootschap” (deed in Dutch)
- Registered-office move, 8450 Bredene, Brugsesteenweg 57C bus 0002
- Power of attorney
- Other provision, “mandate to coordinate and sign statutes and file in company dossier” (deed in Dutch)
05-12
Gazette deed
IncorporationStarting capital €5,000 · Appointment: ACKEIN,Steve Bert Julien (director) · Founder7 points ▸
- Incorporation, “Wharf11” (deed in Dutch)
- Founder, ACKEIN,Steve Bert Julien
- Founding capital, €5,000
- Registered office clause, “8450 Bredene,Doornenbilkstraat 40” (deed in Dutch)
- Board rule, 1
- Director appointment, ACKEIN,Steve Bert Julien (director (not named in the articles))
- Other provision, “geen rechterlijk verbod, geen verbod onderneming uitbaten of functie bestuurder,commissaris of zaakvoerder persoonlijk of via tussenpersoon” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1016.618.495
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35302D0086/00H002 | Flanders | 1,987 m² | 1 · 615 m² | 7.3 m |
| 35002B0210/00C002 | Flanders | 321 m² | 1 · 81 m² | 10.4 m · 3 |