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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 1,139 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

Board

Financial position

50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.4%
Annual accounts to 30-09-2025
Gross margin
€168,461
Turnover
≈ €430,000
estimated
Profit
€43,574
Equity
€48,574
Total assets
€261,677
Employees on 30-09-2025
2
Filed on 03-04-2026, 27 days before the deadline
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

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 49% of micro companies in rental and leasing (NACE 77)
Financial strength
Average
Solvency 44
equity 18.6% of total assets
Liquidity 28
short-term debt 56.4% · cash 6.0%
Profitability 90
return on assets 16.7%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,169 companies, NACE 77, micro)
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
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.
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

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 03-04-2026)
NBB · annual accounts
raises risk · Size: 1.3 FTE, total assets €261,677
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
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 filing
Deviation from the deadline
2025
27 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 03-04-2026 at the NBB

Turnover
≈ €430,000
Estimated: probably between €260,000 and €800,000
Total assets
€261,677
Net result
€43,574
Working capital
€3,284

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

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's share of the balance-sheet total is 81.4%.
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

Staff

social balance sheet
Item30-09-2025
Employees at the balance-sheet date2
full-time2
part-time0
in full-time equivalents2
Average over the year, in full-time equivalents1.3
On a permanent contract2
Joined2
Left0

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item30-09-2025
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 paid
Schemes
1 entry · €273 · €273 paid · Fonds voor Innoveren en Ondernemen

Comparable 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.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
FBR Project Engineering Bredene2024€261,677€48,574€168,461-€43,5741.32025
RL-Events Lede2023€409,824€140,703€86,255-€19,8920.12025
JVL Rental Brussel2024€306,481€109,286€143,781-€24,077-2025
CLUK Zulte2024€209,925€82,843€86,207-€67,152-2025
MONTAUK EUROPE Elsene2023€385,762€101,104€93,906-€17,364-2025
JLP Events Ans2025€475,343€57,743€88,224€0€42,743-2025
Just WAOUH Ciney2023€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 observation

In 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
1.2% went bankrupt
2.0% stopped otherwise
96.7% was still going

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.

The companies in ten equal groups, from the lowest to the 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%

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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 45 lines

Source: Annual accounts 2025 at the NBB, filed on 03-04-2026.

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 have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

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

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

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

Directors
2 directors, no change since 2026

Board 2

ACKEIN,Steve Bert Julien
Director (not named in the articles) · since 26-11-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 03-04-2026
Current
FBR EUROPE BV
Director (not named in the articles) · appointed in the act of 06-07-2026 · term without a fixed end · Legal entity · permanent representative: FABER Ruben
Current
Permanent representatives 1
FABER Ruben
Permanent representative · appointed in the act of 06-07-2026 · for FBR EUROPE BV
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 13. Extern bestuur (vertegenwoordiging) ledere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of…”
deed of 05-12-2024

Owners and capital

Shareholders

At incorporation act of 05-12-2024 ↗

Capital transactions

Capital over time
  1. 05-12-2024 Incorporation · €5,000 · 1,000 shares

Mandate history

3 people, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
ACKEIN,Steve Bert Julien
  • Director (not named in the articles), appointed in the act of 05-12-2024, still in office
FBR EUROPE BV
  • Director (not named in the articles), appointed in the act of 06-07-2026, still in office
ACKEIN Steve
  • Director, until 06-07-2026
See the board, name and registered office on a given date →

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 companies

Connections & network

2 current directors
Depth

The network starts from the directors of FBR Project Engineering. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

2026
06-07
Gazette deed Company renamed from Wharf11 to FBR Project Engineering
Registered 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)

Open the act in the Belgian Official Gazette

03-04
NBB filing Annual accounts 2025 filedNBB
abbreviated format · 27 days before the deadline
2024
05-12
Gazette deed Incorporation
Starting 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)

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

FBR Project Engineering was incorporated on 26 November 2024 as a private limited company by one natural person, with a starting capital of €5,000.12 In 2026 the company took the name FBR Project Engineering.3 The registered office was moved to Bredene in 2026.3 The board currently has 2 members.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 05-12-2024
  3. 3Belgian Official Gazette, 06-07-2026

Company details

Register details

Identity

KBO record
Name FBR Project Engineering in Dutch
Former name Wharf11 until 22-06-2026 · act of 06-07-2026
Enterprise number 1016.618.495
Legal form Private limited company
Status Active, normale toestand
Founded 26-11-2024
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-12-2024 (in Dutch)
Name clauseThe company operates under this name according to its articles.
Wharf11
deed of 05-12-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 05-12-2024 (in Dutch)

Registered office and establishments

Registered office Brugsesteenweg 57C, 8450 Bredene, Belgium
Establishment unit Wharf11, Doornenbilkstraat 40, 8450 Bredene since 26-11-2024 · unit number 2.366.812.767

Activities

NACEBEL 2025
VAT activities
77222 Rental and leasing activities main activity
46190 Agents in non-specialised wholesale trade
47400 Retail sale of information and communication equipment
62900 Other information technology and computer services
82300 Organisation of conventions and trade shows
90391 Promotion and organisation of arts and performing arts events
Social security (RSZ) activities
43211 General electrical installation work main activity
Codes under NACEBEL 2008
77292 Rental and leasing activities main activity
46190 Wholesale trade
47430 Retail trade
62090 Computer programming, consultancy and related activities
82300 Organisation of conventions and trade shows
90021 Arts creation and performing arts activities
Joint committee 200 Aanvullend Paritair Comité voor de bedienden annual accounts 30-09-2025

Invoicing and payment

VAT number BE 1016.618.495
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:1016618495
Other Peppol ID 9925:BE1016618495
Registered 02-12-2024

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 2 November 2026 · Peppol Directory

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 NBB
Financial year end 30-09
Financial yearThe company draws up its annual accounts over this twelve-month period.
From 1 January to 31 December
deed of 06-07-2026 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
15 June at 19:00
deed of 06-07-2026 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Buildings and parcels at the addresses

Ground area
2,308 m²
Building footprint
696 m²
Building volume
1,183 m³
Tallest building: 10.4 m.
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