FDV PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of FDV PROJECTS is 2.3% (moderate). The 2025 annual accounts show equity of €13k and a net result of €2k. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 4522 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
Profitability71▲+4
Solvency36▲+1
Growth32=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.64 in 2024; short-term debt: 88.8% and cash: 32.8% of total assets), and 89.1% of the assets are financed with debt.
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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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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
10.9%
Return on assets
1.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4522 sector peers (2025).
NBB · sector comparisonPosition among 4522 sector peers
Solvency
better than 20%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
28 d late
2023
29 d late
2022
28 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
History
Financials · fiscal year 2025, micro schema
Equity
€13k▲ 18.4%
2024 · €11k
Total assets
€115k▲ 6.4%
2024 · €108k
Net result
€2k
2024 · €-2k
Working capital
€-29k▲ 15.8%
2024 · €-35k
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
Line2022202320242025
Operating result€10k-€-3k€-1k▲ 61.6%€3k
Net result€7k-€-3k€-2k▲ 46.1%€2k
Equity€16k-€12k▼ 21.6%€11k▼ 14.8%€13k▲ 18.4%
Total assets€70k-€73k▲ 4.2%€108k▲ 49.3%€115k▲ 6.4%
Debt€54k-€60k▲ 11.8%€98k▲ 62.5%€103k▲ 5.1%
Working capital€-9k-€-14k▼ 50.1%€-35k▼ 151%€-29k▲ 15.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€42k ▼ 7.8%
Current assets
€73k ▲ 16.7%
Equity and liabilities €115k
Equity
€13k ▲ 18.4%
Debt
€103k ▲ 5.1%
Debt's share of the balance-sheet total falls from 90.2% to 89.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▲
2024 · €10k
Cash flow
€16k▲
2024 · €9k
Current ratio
0.71▲
2024 · 0.64
Debt to equity
8.19▼
2024 · 9.22
ROE
15.5%▲
2024 · -17.4%
ROA
1.7%▲
2024 · -1.7%
Interest coverage
56.09▼
2024 · 120.52
Debt ≤ 1 year
€102k▲
2024 · €97k
Income taxes
€691▼
2024 · €747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €11k | €14k | ▲ 35.4% |
| Other operating charges640/8 | €2k | €2k | €2k | €1k | ▼ 20.1% |
| Gross operating margin9900 | €14k | €6k | €11k | €19k | ▲ 65.8% |
| Operating profit (loss)9901 | €10k | €-3k | €-1k | €3k | ▲ 389% |
| Financial charges65/66B | €43 | €71 | €80 | €309 | ▲ 288% |
| Recurring financial charges65 | €43 | €71 | €80 | €309 | ▲ 288% |
| Profit (loss) for the period before taxes9903 | €10k | €-3k | €-1k | €3k | ▲ 340% |
| Income taxes67/77 | €3k | €700 | €747 | €691 | ▼ 7.5% |
| Profit (loss) for the period9904 | €7k | €-3k | €-2k | €2k | ▲ 205% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-3k | €-2k | €2k | ▲ 205% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70k | €73k | €108k | €115k | ▲ 6.4% |
| Fixed assets21/28 | €25k | €26k | €46k | €42k | ▼ 7.8% |
| Tangible fixed assets22/27 | €25k | €26k | €46k | €42k | ▼ 7.8% |
| Plant, machinery and equipment23 | €25k | €26k | €19k | €12k | ▼ 36.6% |
| Furniture and vehicles24 | - | - | €26k | €30k | ▲ 13.2% |
| Current assets29/58 | €44k | €46k | €63k | €73k | ▲ 16.7% |
| Stocks and contracts in progress3 | - | €15k | €10k | - | - |
| Contracts in progress37 | - | €15k | €10k | - | - |
| Amounts receivable within one year40/41 | €29k | €7k | €40k | €35k | ▼ 11.6% |
| Trade receivables40 | €29k | €7k | €39k | €34k | ▼ 12.2% |
| Other amounts receivable41 | - | €406 | €582 | €763 | ▲ 31.2% |
| Cash at bank and in hand54/58 | €15k | €24k | €13k | €38k | ▲ 196% |
| Deferred charges and accrued income490/1 | - | - | - | €45 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70k | €73k | €108k | €115k | ▲ 6.4% |
| Equity10/15 | €16k | €12k | €11k | €13k | ▲ 18.4% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €6k | €2k | €596 | €3k | ▲ 327% |
| Amounts payable17/49 | €54k | €60k | €98k | €103k | ▲ 5.1% |
| Amounts payable within one year42/48 | €54k | €60k | €97k | €102k | ▲ 5.1% |
| Trade debts44 | €4k | €4k | €7k | €2k | ▼ 65.2% |
| Suppliers440/4 | €4k | €4k | €7k | €2k | ▼ 65.2% |
| Taxes, remuneration and social security45 | €3k | €3k | €1k | €4k | ▲ 204% |
| Taxes450/3 | €3k | €3k | €1k | €4k | ▲ 204% |
| Other amounts payable47/48 | €46k | €54k | €89k | €96k | ▲ 7.4% |
| Accrued charges and deferred income492/3 | €64 | €64 | €316 | €317 | ▲ 0.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-3k | €-2k | €2k | ▲ 205% |
| + Depreciation and write-downs630 | €3k | €6k | €11k | €14k | ▲ 35.4% |
| Operating cash flow (approximation) | €9k | €3k | €9k | €16k | ▲ 86.0% |
| Investment in fixed assets (approximation) | - | €-8k | €-30k | €-11k | ▲ 63.9% |
| Change in cash | - | €9k | €-11k | €25k | ▲ 325% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Ronse · 1 establishment unit since 2022
Ground area
756 m²
Building footprint
170 m²
Volume, LiDAR
1,001 m³
Parcel 45422C0979/00E000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FDV PROJECTS
since 20222.331.190.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0979/00E000 | Flanders | 756 m² | 1 · 170 m² | 8.4 m · 2 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
FLC CONCEPT
BE 1022.718.213
Vilvoorde · Eq €12,540
ABORDS & BOIS
BE 0843.695.904
Blégny · Eq €12,558
Mundo Verde
BE 0834.371.234
Wommelgem · Eq €12,507
D.A. TUINEN
BE 1007.342.228
Veurne · Eq €12,485
SodeVan-Service
BE 1007.939.470
Koekelare · Eq €12,630
Of 21,222 companies in sector 81300 we hold annual accounts for 4,363. 2,680 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
Founded22-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
01450Raising of sheep and goats
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.