FDK
ActiveFDK has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.05M and a net result of €567k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-5
Solvency69▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 2.53 in 2024; short-term debt: 30.3% and cash: 26.2% of total assets), but 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
43.7%
Return on assets
8.1%
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 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
19 d late
2023
26 d late
2022
29 d late
2021
15 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.05M▲ 22.8%
2024 · €2.48M
2018: €995k
2019: €1.14M
2020: €1.18M
2021: €1.29M
2022: €1.56M
2023: €1.97M
2024: €2.48M
2018 → 2025
Total assets
€6.97M▲ 72.0%
2024 · €4.05M
2018: €1.66M
2019: €2.17M
2020: €2.09M
2021: €2.10M
2022: €2.74M
2023: €3.70M
2024: €4.05M
2018 → 2025
Net result
€567k▲ 12.2%
2024 · €505k
2018: €286k
2019: €140k
2020: €44k
2021: €115k
2022: €269k
2023: €412k
2024: €505k
2018 → 2025
Working capital
€2.97M▲ 31.4%
2024 · €2.26M
2018: €860k
2019: €954k
2020: €984k
2021: €1.12M
2022: €1.41M
2023: €1.81M
2024: €2.26M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.29M-€1.56M▲ 20.8%€1.97M▲ 26.4%€2.48M▲ 25.6%€3.05M▲ 22.8%
Operating result€161k-€357k▲ 122%€572k▲ 60.1%€702k▲ 22.9%€650k▼ 7.4%
Net result€115k-€269k▲ 133%€412k▲ 53.5%€505k▲ 22.5%€567k▲ 12.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.97M
Fixed assets
€1.89M▲ 499%
Current assets
€5.08M▲ 35.9%
Equity and liabilities €6.97M
Equity
€3.05M▲ 22.8%
Debt
€3.93M▲ 149%
The debt ratio rises from 38.8% to 56.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€751k▼
2024 · €765k
Cash flow
€667k▲
2024 · €568k
Solvency
43.7%▼
2024 · 61.2%
Current ratio
2.40▼
2024 · 2.53
Quick ratio
2.34▼
2024 · 2.50
Debt / equity
1.29▲
2024 · 0.63
ROE
18.6%▼
2024 · 20.4%
ROA
8.1%▼
2024 · 12.5%
Interest coverage
9.17▼
2024 · 10.03
Debt
€3.93M▲
2024 · €1.57M
Debt ≤ 1 year
€2.11M▲
2024 · €1.48M
Debt > 1 year
€1.80M▲
2024 · €94k
Income taxes
€153k▼
2024 · €180k
Staff costs
€1.18M▲
2024 · €1.07M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.05M€6.97M▲
Fixed assets21/28€316k€1.89M▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€300k€1.78M▲
Land and buildings22€111k€1.61M▲
Plant, machinery and equipment23€32k€25k▼
Furniture and vehicles24€157k€139k▼
Financial fixed assets28€14k€115k▲
Current assets29/58€3.74M€5.08M▲
Stocks and contracts in progress3€40k€144k▲
Stocks30/36€40k€108k▲
Contracts in progress37-€36k
Amounts receivable within one year40/41€2.60M€3.09M▲
Trade receivables40€2.38M€2.75M▲
Other amounts receivable41€216k€335k▲
Cash at bank and in hand54/58€1.10M€1.83M▲
Deferred charges and accrued income490/1€2k€22k▲
Equity and liabilities
Total equity and liabilities10/49€4.05M€6.97M▲
Equity10/15€2.48M€3.05M▲
Contributions10/11€19k€19k=
Reserves13€2.46M€3.03M▲
Tax-exempt reserves132€316k€632k▲
Distributable reserves133€2.15M€2.40M▲
Amounts payable17/49€1.57M€3.93M▲
Amounts payable after more than one year17€94k€1.80M▲
Financial debts170/4€94k€1.80M▲
Amounts payable within one year42/48€1.48M€2.11M▲
Current portion of amounts payable after more than one year42€42k€219k▲
Financial debts43€62k€137k▲
Credit institutions430/8€62k€137k▲
Trade debts44€1.18M€1.62M▲
Suppliers440/4€1.18M€1.62M▲
Taxes, remuneration and social security45€122k€59k▼
Taxes450/3€122k€6k▼
Remuneration and social security454/9-€53k
Other amounts payable47/48€76k€76k▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Remuneration, social security and pensions62€1.07M€1.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€101k▲
Other operating charges640/8€16k€15k▼
Non-recurring operating charges66A€37k€3k▼
Gross operating margin9900€1.89M€1.95M▲
Operating profit (loss)9901€702k€650k▼
Financial income75/76B€59k€151k▲
Recurring financial income75€59k€151k▲
Financial charges65/66B€76k€82k▲
Recurring financial charges65€76k€82k▲
Profit (loss) for the period before taxes9903€685k€719k▲
Income taxes67/77€180k€153k▼
Profit (loss) for the period9904€505k€567k▲
Transfer to tax-exempt reserves689€316k€316k=
Profit (loss) for the period to be appropriated9905€189k€251k▲
Appropriation of the result
Profit (loss) to be appropriated9906€189k€251k▲
Transfer to equity691/2€189k€251k▲
To other reserves6921€189k€251k▲
Social balance
Average headcount (FTE)908718.819.5▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
State Gazette act
Statutes amendment · RestructuringMerger · Accounting effect · Permanent representative6 facts ▸
State Gazette act
Statutes amendment · Restructuring
Merger · Accounting effect · Permanent representative6 facts ▸
- Merger, absorption
- Merger, absorption
- Accounting effect, 2026-10-01
- Permanent representative, Sven Deketelaere
- Merger effective date, 2026-10-01
- Share allocation, no new shares issued
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €567k ▲12.2%
Net result €567k, the highest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Equity above €2MEq €2.48M ▲25.6%
7 profitable years in a row build equity to €2.48M.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €44k ▼68.8%
Net result drops to €44k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Equity above €1MEq €1.14M ▲14.1%
2 profitable years in a row build equity to €1.14M.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 25 days late
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1980
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Monnikenwerve 538000 BruggeGround area
2,724 m²
Building footprint
1,033 m²
Volume, LiDAR
4,041 m³
Parcel 31808K0347/00S000, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FDK
since 19802.017.633.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0347/00S000 | Flanders | 2,724 m² | 1 · 1,033 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
2 transactionsTook over:FDK Pleisterwerk
Took over:FDK Schrijnwerk
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 27,875 EUR awarded · 27,778 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 20,721 EUR | 20,613 EUR |
| 2024 | 3 | 4,160 EUR | 4,123 EUR |
| 2023 | 2 | 2,217 EUR | 2,265 EUR |
| 2022 | 2 | 777 EUR | 777 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
18 categoriesFDK BV20383
Dual-learning approval
5 live approvals · 3 endedDecoratie en schilderwerken duaal (so)
Decoratie en schilderwerken duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
Schilder-decorateur (vwo)
Similar companies · same sector, comparable size
VERHODEKOR
BE 0457.399.441
Ardooie · Eq €3.01M
Algemene Industriele Schilderwerken
BE 0419.825.896
Herentals · Eq €2.99M
REI Group
BE 0555.933.130
Dendermonde · Eq €3.22M
EGALO
BE 0400.276.339
Lebbeke · Eq €2.82M
OVS DECORATIE
BE 0767.643.746
Knokke-Heist · Eq €2.72M
Of 7,862 companies in sector 43341 we hold annual accounts for 2,664. 342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-1980
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.