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FDRK IMMO

Active
Private limited companyfounded 20224 yrs activeAvenue Edmond Leburton 29, 4300 Waremme, BelgiumKBO/BCE: BE 0784.722.971
Summary

FDRK IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216,811 and a net result of -€48,867. Equity is growing by ~35.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability12▼-68
Solvency47▼-15
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.72 against 1.77 in 2024; short-term debt: 50.6% and cash: 0.1% of total assets), and 77.7% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
31 d late
2024
23 d early
2023
28 d late
2022
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 29 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FDRK IMMO was incorporated on 11 April 2022 as a Private limited company.1 Total assets rose from EUR 400,091 in 2022 to EUR 974,153 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€84,300
EBIT margin
-36.2%
Net result
-€48,867
2024 · €64,082
Working capital
-€135,776
2024 · €160,762
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line2022202320242025
Turnover€84,300-
Operating result-€30,488-€303,454€78,664▼ 74.1%-€35,246
Net result-€35,367below the sector's middle half-€235,714above the sector's middle half€64,082above the sector's middle half▼ 72.8%-€48,867below the sector's middle half
EBIT margin-36.2%-
Equity-€34,117below the sector's middle half-€201,596within the sector's middle half€265,678within the sector's middle half▲ 31.8%€216,811within the sector's middle half▼ 18.4%
Total assets€400,091within the sector's middle half-€794,542within the sector's middle half▲ 98.6%€722,097within the sector's middle half▼ 9.1%€974,153within the sector's middle half▲ 34.9%
Debt€434,209-€592,946▲ 36.6%€456,419▼ 23.0%€757,342▲ 65.9%
Working capital-€114,569below the sector's middle half-€93,548within the sector's middle half€160,762above the sector's middle half▲ 71.9%-€135,776within the sector's middle half
Solvency-8.5%below the sector's middle half-25.4%within the sector's middle half▲ 33.9pp36.8%within the sector's middle half▲ 11.4pp22.3%within the sector's middle half▼ 14.5pp
Current ratio0.30below the sector's middle half-1.28within the sector's middle half▲ 0.981.77within the sector's middle half▲ 0.490.72within the sector's middle half▼ 1.05
Return on assets (ROA)-8.8%below the sector's middle half-29.7%above the sector's middle half▲ 38.5pp8.9%above the sector's middle half▼ 20.8pp-5.0%below the sector's middle half▼ 13.9pp
above within below the middle half (P25 to P75) of NACE 68, Real estate 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
-€100,000€0€100,000€200,000€300,000Operating result 2022: -€30,488-€30,488Net result 2022: -€35,367-€35,367Operating result 2023: €303,454€303,454Net result 2023: €235,714€235,714Operating result 2024: €78,664€78,664Net result 2024: €64,082€64,082Operating result 2025: -€35,246-€35,246Net result 2025: -€48,867-€48,8672022202320242025-€100,000€0€100,000€200,000€300,000Operating result 2023: €303,454€303,000Net result 2023: €235,714€236,000Operating result 2024: €78,664€78,700Net result 2024: €64,082€64,100Operating result 2025: -€35,246-€35,200Net result 2025: -€48,867-€48,900202320242025
The operating result turns negative in 2025: a loss of €35,246 after €78,664 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €974,153
Fixed assets €616,855 ▲ 74.4%
Current assets €357,298 ▼ 3.0%
Equity and liabilities €974,153
Equity €216,811 ▼ 18.4%
Debt €757,342 ▲ 65.9%
Debt's share of the balance-sheet total rises from 63.2% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€20,839▼
2024 · €91,466
Cash flow
-€34,460▼
2024 · €76,884
Debt to equity
3.49▲
2024 · 1.72
ROE
-22.5%▼
2024 · 24.1%
Interest coverage
-1.53▼
2024 · 7.73
Debt ≤ 1 year
€493,074▲
2024 · €207,637
Debt > 1 year
€264,268▲
2024 · €248,782
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
3.0% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 440 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€722,097€974,153▲
Fixed assets21/28€353,698€616,855▲
Tangible fixed assets22/27€353,698€365,749▲
Land and buildings22€337,221€329,993▼
Plant, machinery and equipment23€15,432€12,096▼
Furniture and vehicles24€1,046€23,659▲
Financial fixed assets28-€251,106
Current assets29/58€368,399€357,298▼
Amounts receivable within one year40/41€368,317€356,546▼
Trade receivables40€55,710€25,793▼
Other amounts receivable41€312,607€330,753▲
Cash at bank and in hand54/58€0€695▲
Deferred charges and accrued income490/1€82€57▼
Equity and liabilities
Total equity and liabilities10/49€722,097€974,153▲
Equity10/15€265,678€216,811▼
Contributions10/11€1,250€1,250=
Profit (loss) carried forward14€264,428€215,561▼
Amounts payable17/49€456,419€757,342▲
Amounts payable after more than one year17€248,782€264,268▲
Financial debts170/4€248,782€264,268▲
Amounts payable within one year42/48€207,637€493,074▲
Current portion of amounts payable after more than one year42€10,532€14,514▲
Trade debts44€73,285€72,984▼
Suppliers440/4€73,285€72,984▼
Taxes, remuneration and social security45€76,389€45,446▼
Taxes450/3€76,389€45,446▼
Other amounts payable47/48€47,432€360,131▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,802€14,407▲
Gross operating margin9900€91,466-€20,839▼
Operating profit (loss)9901€78,664-€35,246▼
Financial income75/76B€13,338-
Recurring financial income75€13,338-
Financial charges65/66B€11,828€13,621▲
Recurring financial charges65€11,828€13,621▲
Profit (loss) for the period before taxes9903€80,174-€48,867▼
Income taxes67/77€16,092-
Profit (loss) for the period9904€64,082-€48,867▼
Profit (loss) for the period to be appropriated9905€64,082-€48,867▼
Appropriation of the result
Profit (loss) to be appropriated9906€264,428€215,561▼
Profit (loss) brought forward from the previous period14P€200,346€264,428▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Turnover70€84,300----
Goods, raw materials, services and sundry goods60/61€58,621----
Remuneration, social security and pensions62€1,568----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,661€8,693€12,802€14,407▲ 12.5%
Other operating charges640/8€6,936€50,906---
Gross operating margin9900€25,678€363,053€91,466-€20,839▼ 123%
Operating profit (loss)9901-€30,488€303,454€78,664-€35,246▼ 145%
Financial income75/76B-€2,403€13,338--
Recurring financial income75-€2,403€13,338--
Financial charges65/66B€4,880€9,846€11,828€13,621▲ 15.2%
Recurring financial charges65€4,880€9,846€11,828€13,621▲ 15.2%
Profit (loss) for the period before taxes9903-€35,367€296,010€80,174-€48,867▼ 161%
Income taxes67/77-€60,297€16,092--
Profit (loss) for the period9904-€35,367€235,714€64,082-€48,867▼ 176%
Profit (loss) for the period to be appropriated9905-€35,367€235,714€64,082-€48,867▼ 176%
Line2022202320242025Change
Assets
Total assets20/58€400,091€794,542€722,097€974,153▲ 34.9%
Fixed assets21/28€349,902€366,500€353,698€616,855▲ 74.4%
Tangible fixed assets22/27€349,902€366,500€353,698€365,749▲ 3.4%
Land and buildings22€346,314€344,449€337,221€329,993▼ 2.1%
Plant, machinery and equipment23-€19,735€15,432€12,096▼ 21.6%
Furniture and vehicles24€3,588€2,317€1,046€23,659▲ 2,162%
Financial fixed assets28---€251,106-
Current assets29/58€50,190€428,042€368,399€357,298▼ 3.0%
Amounts receivable within one year40/41€48,668€421,246€368,317€356,546▼ 3.2%
Trade receivables40€43,766-€55,710€25,793▼ 53.7%
Other amounts receivable41€4,901€421,246€312,607€330,753▲ 5.8%
Cash at bank and in hand54/58€1,522€6,796€0€695▲ 1,158,283%
Deferred charges and accrued income490/1--€82€57▼ 30.3%
Equity and liabilities
Total equity and liabilities10/49€400,091€794,542€722,097€974,153▲ 34.9%
Equity10/15-€34,117€201,596€265,678€216,811▼ 18.4%
Contributions10/11€1,250€1,250€1,250€1,250=
Profit (loss) carried forward14-€35,367€200,346€264,428€215,561▼ 18.5%
Amounts payable17/49€434,209€592,946€456,419€757,342▲ 65.9%
Amounts payable after more than one year17€269,450€258,452€248,782€264,268▲ 6.2%
Financial debts170/4€269,450€258,452€248,782€264,268▲ 6.2%
Amounts payable within one year42/48€164,759€334,494€207,637€493,074▲ 137%
Current portion of amounts payable after more than one year42€9,754€10,130€10,532€14,514▲ 37.8%
Trade debts44€0€183,445€73,285€72,984▼ 0.4%
Suppliers440/4€0€183,445€73,285€72,984▼ 0.4%
Taxes, remuneration and social security45€0€60,297€76,389€45,446▼ 40.5%
Taxes450/3€0€60,297€76,389€45,446▼ 40.5%
Other amounts payable47/48€155,005€80,622€47,432€360,131▲ 659%
Line2022202320242025Change
Profit (loss) for the period9904-€35,367€235,714€64,082-€48,867▼ 176%
+ Depreciation and write-downs630€47,661€8,693€12,802€14,407▲ 12.5%
Operating cash flow (approximation)€12,294€244,407€76,884-€34,460▼ 145%
Investment in fixed assets (approximation)--€25,292€0-€277,564-
Change in cash-€5,273-€6,795€695▲ 110%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Weakest financial yearnet -€48,867
Net result drops to -€48,867, the lowest in the series.
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial Back to profitnet €235,714
Net result €235,714 after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 1.28
Current ratio from 0.30 to 1.28.
31-12
Financial Equity above €200,000Eq €201,596
Equity rises from -€34,117 to €201,596.
28-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
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, Waremme · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
101 m²
Building footprint
72 m²
Parcel 64074C0626/00M000, Wallonia. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
FDRK IMMO
Avenue Edmond Leburton 29, 4300 WaremmeReal estate activities
since 20222.331.121.321
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64074C0626/00M000 Wallonia 101 m² 1 · 72 m² -
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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 2

According to the 2025 annual accounts of FDRK IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 4,862 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
Founded11-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
43910Bricklaying and masonry work
43990Other specialised construction activities
70200Business and other management consultancy
Contact
Phone +352 661909971Waremme
E-invoicing
Reachable via Peppol
Peppol ID 0208:0784722971
Also 9925:BE0784722971
Registered 24-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.