FD CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FD CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €156k and a net result of €63k. Equity is growing by ~61.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency88▲+19
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.38 in 2024; short-term debt: 32.6% and cash: 51.7% of total assets), and 36.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
63.2%
Return on assets
25.4%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
9 d early
2024
31 d early
2023
23 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 67.0%
2024 · €93k
Total assets
€247k▲ 17.5%
2024 · €210k
Net result
€63k▲ 20.3%
2024 · €52k
Working capital
€103k▲ 203%
2024 · €34k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€52k-€77k▲ 47.2%€93k▲ 21.5%
Net result€36k-€52k▲ 42.8%€63k▲ 20.3%
Equity€41k-€93k▲ 126%€156k▲ 67.0%
Total assets€123k-€210k▲ 71.5%€247k▲ 17.5%
Debt€81k-€117k▲ 43.9%€91k▼ 22.2%
Working capital€-17k-€34k€103k▲ 203%
Staff (FTE)1.8-2.3▲ 27.8%2.3=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247k
Fixed assets
€64k ▼ 27.5%
Current assets
€183k ▲ 49.8%
Equity and liabilities €247k
Equity
€156k ▲ 67.0%
Debt
€91k ▼ 22.2%
Debt's share of the balance-sheet total falls from 55.5% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€116k▲
2024 · €99k
Cash flow
€85k▲
2024 · €74k
Current ratio
2.28▲
2024 · 1.38
Debt to equity
0.58▼
2024 · 1.25
ROE
40.1%▼
2024 · 55.7%
ROA
25.4%▲
2024 · 24.8%
Interest coverage
23.68▼
2024 · 29.58
Debt ≤ 1 year
€80k▼
2024 · €88k
Debt > 1 year
€10k▼
2024 · €28k
Income taxes
€26k▲
2024 · €21k
Staff costs
€99k▲
2024 · €67k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24k | €67k | €99k | ▲ 47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €22k | €23k | ▲ 2.2% |
| Other operating charges640/8 | €6k | €4k | €14k | ▲ 309% |
| Gross operating margin9900 | €94k | €169k | €229k | ▲ 35.3% |
| Operating profit (loss)9901 | €52k | €77k | €93k | ▲ 21.5% |
| Financial income75/76B | €12 | €7 | €25 | ▲ 257% |
| Recurring financial income75 | €12 | €7 | €25 | ▲ 257% |
| Financial charges65/66B | €1k | €3k | €5k | ▲ 46.4% |
| Recurring financial charges65 | €1k | €3k | €5k | ▲ 46.4% |
| Profit (loss) for the period before taxes9903 | €51k | €73k | €88k | ▲ 20.4% |
| Income taxes67/77 | €14k | €21k | €26k | ▲ 20.6% |
| Profit (loss) for the period9904 | €36k | €52k | €63k | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €36k | €52k | €63k | ▲ 20.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €123k | €210k | €247k | ▲ 17.5% |
| Fixed assets21/28 | €79k | €88k | €64k | ▼ 27.5% |
| Tangible fixed assets22/27 | €79k | €88k | €64k | ▼ 27.5% |
| Plant, machinery and equipment23 | €22k | €40k | €43k | ▲ 7.4% |
| Furniture and vehicles24 | €15k | €16k | €20k | ▲ 27.3% |
| Leasing and similar rights25 | €40k | €31k | - | - |
| Other tangible fixed assets26 | €2k | €1k | €1k | ▼ 28.5% |
| Current assets29/58 | €44k | €122k | €183k | ▲ 49.8% |
| Amounts receivable within one year40/41 | €7k | €54 | €24k | ▲ 45,067% |
| Trade receivables40 | €6k | €54 | - | - |
| Other amounts receivable41 | €1k | - | €24k | - |
| Cash at bank and in hand54/58 | €35k | €119k | €128k | ▲ 7.3% |
| Deferred charges and accrued income490/1 | €2k | €3k | €31k | ▲ 899% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €123k | €210k | €247k | ▲ 17.5% |
| Equity10/15 | €41k | €93k | €156k | ▲ 67.0% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €36k | €88k | €151k | ▲ 70.8% |
| Distributable reserves133 | €36k | €88k | €151k | ▲ 70.8% |
| Amounts payable17/49 | €81k | €117k | €91k | ▼ 22.2% |
| Amounts payable after more than one year17 | €20k | €28k | €10k | ▼ 63.2% |
| Financial debts170/4 | €20k | €28k | €10k | ▼ 63.2% |
| Amounts payable within one year42/48 | €61k | €88k | €80k | ▼ 8.9% |
| Current portion of amounts payable after more than one year42 | €7k | €13k | €6k | ▼ 57.6% |
| Trade debts44 | €10k | €9k | €23k | ▲ 159% |
| Suppliers440/4 | €10k | €9k | €23k | ▲ 159% |
| Taxes, remuneration and social security45 | €15k | €43k | €30k | ▼ 28.9% |
| Taxes450/3 | €14k | €39k | €28k | ▼ 28.2% |
| Remuneration and social security454/9 | €97 | €4k | €2k | ▼ 36.4% |
| Other amounts payable47/48 | €29k | €24k | €22k | ▼ 8.2% |
| Accrued charges and deferred income492/3 | - | €203 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €52k | €63k | ▲ 20.3% |
| + Depreciation and write-downs630 | €12k | €22k | €23k | ▲ 2.2% |
| Operating cash flow (approximation) | €49k | €74k | €85k | ▲ 14.9% |
| Investment in fixed assets (approximation) | - | €-31k | €2k | ▲ 105% |
| Change in cash | - | €84k | €9k | ▼ 89.6% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €63k ▲20.3%
Operating result €93k, net result €63k, both a record.
31-12
Financial
Equity above €150kEq €156k ▲67%
3 profitable years in a row build equity to €156k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Nandrin · 1 establishment unit since 2022
Ground area
3,448 m²
Building footprint
278 m²
Volume, LiDAR
1,149 m³
Parcel 61043D0042/00C000, Wallonia · tallest building 12.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FD CONSTRUCT
since 20222.337.010.211
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61043D0042/00C000 | Wallonia | 3,448 m² | 1 · 278 m² | 12.2 m · 1 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.
Similar companies · same sector, comparable size
LENNERTS CONSTRUCT
BE 0783.553.330
Blégny · Eq €156,132
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BE 0476.830.125
Dilbeek · Eq €156,087
CONSTRUCT'A
BE 0728.491.774
Lierde · Eq €156,036
BOUWWERKEN VAN DEN EYNDE
BE 0430.516.385
Tremelo · Eq €156,214
SELECT HOME S.C.
BE 0899.004.017
Oostende · Eq €155,989
Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,573 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
Founded23-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.