Equity
FDO I.LOG paid out €200,000 in dividends. That is 6% of the 2025 profit.
FDO I.LOG paid out €200,000 in dividends. That is 6% of the 2025 profit.
The result rose in 2025: mostly from a one-off income of €3.7m.
The accounts state no turnover.
Short-term debts fell from €1.7m to €1.2m.
Three of the last ten came late. The 2020 accounts came latest: 1,221 days after the end of the period.
Higher net result than 95% of companies in real estate. Sector median €20,526 · 5,817 companies.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 83% of them on solvency, 49% on liquidity, 99% on profitability and 92% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 1,579 companies had the same profile as FDO I.LOG has now. Each dot stands for 4 companies, two years later.
That fits the bankruptcy probability of FDO I.LOG itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 1,579 companies, not a prediction for FDO I.LOG. 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.
Liquidity is ample, with a current ratio of 5.25 (1.12 in 2024), above the usual 1.5. Short-term debt is 13.5% and cash 0.8% of total assets. 26.9% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 233 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FDO I.LOG Remicourt | €8.6m | €4.7m | 73.1% | - |
| LES PARKINGS DE L'ESPLANADE Liège | €15.0m | €4.6m | 86.6% | 17.4 |
| PARTNERSHIP WATERSTEEN Kontich | €7.1m | €4.2m | 81.1% | - |
| RUMST LOGISTICS II Ixelles | €7.6m | €2.5m | 87.7% | - |
| PAKOBO Ixelles | €16.3m | €2.5m | 31.0% | - |
| KCC Wielsbeke | €7.0m | €1.3m | 51.8% | 9.7 |
| Europe Logistics Partners Eindhout I Etterbeek | €13.7m | €2.7m | 16.5% | - |
These companies have the same main activity as FDO I.LOG: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €7m and €16m, founded between 1997 and 2006.
FDO I.LOG has existed since 1998. The present size dates from 2025. The gross margin rose that year from €1.1m to €4.7m.
Solvency rose in 2025 from 34.4% to 73.1% because of the retained profit and lower debts.
FDO & C° holds all the shares. In July 2022, the Official Gazette published the appointment of Compagnie Financière M.G.B. as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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