FC Projects
ActiveSummary
FC Projects has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,282 and a net result of €10,936. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 92% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-22
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 8.73 against 9.32 in 2024; short-term debt: 11.1% and cash: 7.5% of total assets), and 11.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
88.9%
Return on assets
7.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €125,282
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
29 d early
2023
35 d early
2022
26 d early
2021
4 d early
2020
16 d early
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€125,282▲ 9.6%
2024 · €114,346
Total assets
€140,916▲ 10.4%
2024 · €127,646
Net result
€10,936▼ 75.6%
2024 · €44,827
Working capital
€120,824▲ 9.2%
2024 · €110,596
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€442▼ 82.7%€1,793▲ 305%€47,961▲ 2,575%€61,502▲ 28.2%€15,392▼ 75.0%
Net result€299below the sector's middle half▼ 88.7%€1,680within the sector's middle half▲ 462%€40,029above the sector's middle half▲ 2,282%€44,827above the sector's middle half▲ 12.0%€10,936within the sector's middle half▼ 75.6%
Equity€29,308below the sector's middle half▼ 72.1%€30,989within the sector's middle half▲ 5.7%€71,018within the sector's middle half▲ 129%€114,346within the sector's middle half▲ 61.0%€125,282within the sector's middle half▲ 9.6%
Total assets€47,082below the sector's middle half▼ 58.6%€41,967below the sector's middle half▼ 10.9%€122,205within the sector's middle half▲ 191%€127,646within the sector's middle half▲ 4.5%€140,916within the sector's middle half▲ 10.4%
Debt€17,774▲ 104%€10,978▼ 38.2%€51,187▲ 366%€13,301▼ 74.0%€15,634▲ 17.5%
Working capital€25,356▼ 74.8%€27,239▲ 7.4%€67,268▲ 147%€110,596▲ 64.4%€120,824▲ 9.2%
Solvency62.2%above the sector's middle half▼ 30.1pp73.8%above the sector's middle half▲ 11.6pp58.1%within the sector's middle half▼ 15.7pp89.6%above the sector's middle half▲ 31.5pp88.9%above the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140,916
Fixed assets
€4,458 ▲ 18.9%
Current assets
€136,458 ▲ 10.1%
Equity and liabilities €140,916
Equity
€125,282 ▲ 9.6%
Debt
€15,634 ▲ 17.5%
Debt's share of the balance-sheet total rises from 10.4% to 11.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,469
Cash flow
€11,013
Current ratio
8.73▼
2024 · 9.32
Debt to equity
0.12▲
2024 · 0.12
ROE
8.7%▼
2024 · 39.2%
ROA
7.8%▼
2024 · 35.1%
Interest coverage
117.98
Debt ≤ 1 year
€15,634▲
2024 · €13,301
Income taxes
€4,356▼
2024 · €16,571
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
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: 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €463 | €203 | €0 | - | €77 | - |
| Other operating charges640/8 | €854 | €45,623 | €733 | €753 | €713 | ▼ 5.3% |
| Gross operating margin9900 | €1,759 | €47,619 | €48,694 | €62,254 | €16,182 | ▼ 74.0% |
| Operating profit (loss)9901 | €442 | €1,793 | €47,961 | €61,502 | €15,392 | ▼ 75.0% |
| Financial income75/76B | €1 | €0 | €43 | €14 | €32 | ▲ 128% |
| Recurring financial income75 | €1 | €0 | €43 | €14 | €32 | ▲ 128% |
| Financial charges65/66B | €144 | €112 | €104 | €117 | €131 | ▲ 11.9% |
| Recurring financial charges65 | €144 | €112 | €104 | €117 | €131 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €299 | €1,680 | €47,900 | €61,399 | €15,293 | ▼ 75.1% |
| Income taxes67/77 | - | - | €7,870 | €16,571 | €4,356 | ▼ 73.7% |
| Profit (loss) for the period9904 | €299 | €1,680 | €40,029 | €44,827 | €10,936 | ▼ 75.6% |
| Profit (loss) for the period to be appropriated9905 | €299 | €1,680 | €40,029 | €44,827 | €10,936 | ▼ 75.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,082 | €41,967 | €122,205 | €127,646 | €140,916 | ▲ 10.4% |
| Fixed assets21/28 | €3,953 | €3,750 | €3,750 | €3,750 | €4,458 | ▲ 18.9% |
| Tangible fixed assets22/27 | €203 | €0 | - | - | €708 | - |
| Plant, machinery and equipment23 | €203 | €0 | - | - | €708 | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €3,750 | €3,750 | €3,750 | €3,750 | €3,750 | = |
| Current assets29/58 | €43,130 | €38,217 | €118,455 | €123,896 | €136,458 | ▲ 10.1% |
| Stocks and contracts in progress3 | €14,250 | €0 | - | - | - | - |
| Contracts in progress37 | €14,250 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €3,509 | €2,389 | €9,604 | €2,646 | €974 | ▼ 63.2% |
| Trade receivables40 | €2,153 | €2,389 | €0 | - | - | - |
| Other amounts receivable41 | €1,356 | €0 | €9,604 | €2,646 | €974 | ▼ 63.2% |
| Current investments50/53 | - | - | - | - | €120,000 | - |
| Cash at bank and in hand54/58 | €20,752 | €31,281 | €103,846 | €116,227 | €10,608 | ▼ 90.9% |
| Deferred charges and accrued income490/1 | €4,618 | €4,547 | €5,006 | €5,024 | €4,876 | ▼ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,082 | €41,967 | €122,205 | €127,646 | €140,916 | ▲ 10.4% |
| Equity10/15 | €29,308 | €30,989 | €71,018 | €114,346 | €125,282 | ▲ 9.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €23,108 | €24,789 | €64,818 | €108,146 | €119,082 | ▲ 10.1% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €8,855 | €8,855 | €8,855 | €8,855 | €8,855 | = |
| Distributable reserves133 | €14,253 | €15,933 | €55,963 | €99,290 | €110,227 | ▲ 11.0% |
| Profit (loss) carried forward14 | €0 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €17,774 | €10,978 | €51,187 | €13,301 | €15,634 | ▲ 17.5% |
| Amounts payable within one year42/48 | €17,774 | €10,978 | €51,187 | €13,301 | €15,634 | ▲ 17.5% |
| Trade debts44 | €12,040 | €3,713 | €45,585 | €2,736 | €2,522 | ▼ 7.8% |
| Suppliers440/4 | €12,040 | €3,713 | €45,585 | €2,736 | €2,522 | ▼ 7.8% |
| Taxes, remuneration and social security45 | €2,179 | €4,543 | €2,914 | €6,372 | €10,645 | ▲ 67.1% |
| Taxes450/3 | €0 | €1,803 | €0 | €3,571 | €7,927 | ▲ 122% |
| Remuneration and social security454/9 | €2,179 | €2,739 | €2,914 | €2,800 | €2,718 | ▼ 2.9% |
| Other amounts payable47/48 | €3,555 | €2,723 | €2,688 | €4,193 | €2,467 | ▼ 41.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €299 | €1,680 | €40,029 | €44,827 | €10,936 | ▼ 75.6% |
| + Depreciation and write-downs630 | €463 | €203 | €0 | - | €77 | - |
| Operating cash flow (approximation) | €762 | €1,883 | €40,029 | €44,827 | €11,013 | ▼ 75.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€785 | - |
| Change in cash | - | €10,529 | €72,564 | €12,382 | -€105,619 | ▼ 953% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 9.32
Current ratio from 2.31 to 9.32; short-term debt falls from €51,187 to €13,301.
31-12
Financial
Equity above €100,000Eq €114,346 ▲61%
7 profitable years in a row build equity to €114,346.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €299 ▼88.7%
Net result drops to €299, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 12.56
Current ratio from 3.14 to 12.56; short-term debt falls from €45,042 to €8,700.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Hasselt · 1 establishment unit since 2016
Ground area
5,413 m²
Building footprint
1,479 m²
Volume, LiDAR
15,491 m³
Parcel 71326F0010/00C003, Flanders · tallest building 20.9 m, ±4 floors. Linked by address, not a title deed.
181
companies at this address
See who is registered here
1 establishment unit
FranknStijn
since 20162.249.897.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 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.
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Of 7,300 companies in sector 43350 we hold annual accounts for 2,362. 1,946 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
Founded15-01-2016
Fiscal year end31-12
Abbreviation NL
FC P
Activities, NACEBEL 2025
43350Other building finishing work
25110Manufacture of metal structures and parts of structures
31001Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
33120Repair and maintenance of machinery
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646658814
Also
9925:BE0646658814
Registered
17-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.