FDV PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of FDV PROJECTS is 2.3% (moderate). The 2025 annual accounts show equity of €12,542 and a net result of €1,946. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 4544 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 4544 sector peers (2025).
NBB · sector comparisonPosition among 4544 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,542▲ 18.4%
2024 · €10,596
Total assets
€115,233▲ 6.4%
2024 · €108,342
Net result
€1,946
2024 · -€1,847
Working capital
-€29,346▲ 15.8%
2024 · -€34,868
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€9,749--€2,658-€1,020▲ 61.6%€2,946
Net result€6,872--€3,429-€1,847▲ 46.1%€1,946
Equity€15,872-€12,443▼ 21.6%€10,596▼ 14.8%€12,542▲ 18.4%
Total assets€69,688-€72,585▲ 4.2%€108,342▲ 49.3%€115,233▲ 6.4%
Debt€53,815-€60,143▲ 11.8%€97,746▲ 62.5%€102,691▲ 5.1%
Working capital-€9,261--€13,902▼ 50.1%-€34,868▼ 151%-€29,346▲ 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: €2,946 after a loss of €1,020 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,233
Fixed assets
€42,204 ▼ 7.8%
Current assets
€73,029 ▲ 16.7%
Equity and liabilities €115,233
Equity
€12,542 ▲ 18.4%
Debt
€102,691 ▲ 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
€17,343▲
2024 · €9,612
Cash flow
€16,343▲
2024 · €8,785
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
€102,374▲
2024 · €97,431
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 | €2,513 | €6,449 | €10,632 | €14,397 | ▲ 35.4% |
| Other operating charges640/8 | €1,922 | €1,918 | €1,634 | €1,306 | ▼ 20.1% |
| Gross operating margin9900 | €14,185 | €5,708 | €11,246 | €18,650 | ▲ 65.8% |
| Operating profit (loss)9901 | €9,749 | -€2,658 | -€1,020 | €2,946 | ▲ 389% |
| Financial charges65/66B | €43 | €71 | €80 | €309 | ▲ 288% |
| Recurring financial charges65 | €43 | €71 | €80 | €309 | ▲ 288% |
| Profit (loss) for the period before taxes9903 | €9,706 | -€2,729 | -€1,100 | €2,637 | ▲ 340% |
| Income taxes67/77 | €2,834 | €700 | €747 | €691 | ▼ 7.5% |
| Profit (loss) for the period9904 | €6,872 | -€3,429 | -€1,847 | €1,946 | ▲ 205% |
| Profit (loss) for the period to be appropriated9905 | €6,872 | -€3,429 | -€1,847 | €1,946 | ▲ 205% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €69,688 | €72,585 | €108,342 | €115,233 | ▲ 6.4% |
| Fixed assets21/28 | €25,197 | €26,408 | €45,780 | €42,204 | ▼ 7.8% |
| Tangible fixed assets22/27 | €25,197 | €26,408 | €45,780 | €42,204 | ▼ 7.8% |
| Plant, machinery and equipment23 | €25,197 | €26,408 | €19,334 | €12,260 | ▼ 36.6% |
| Furniture and vehicles24 | - | - | €26,445 | €29,944 | ▲ 13.2% |
| Current assets29/58 | €44,491 | €46,177 | €62,563 | €73,029 | ▲ 16.7% |
| Stocks and contracts in progress3 | - | €15,000 | €10,000 | - | - |
| Contracts in progress37 | - | €15,000 | €10,000 | - | - |
| Amounts receivable within one year40/41 | €29,143 | €7,286 | €39,794 | €35,173 | ▼ 11.6% |
| Trade receivables40 | €29,143 | €6,879 | €39,212 | €34,410 | ▼ 12.2% |
| Other amounts receivable41 | - | €406 | €582 | €763 | ▲ 31.2% |
| Cash at bank and in hand54/58 | €15,348 | €23,891 | €12,769 | €37,811 | ▲ 196% |
| Deferred charges and accrued income490/1 | - | - | - | €45 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €69,688 | €72,585 | €108,342 | €115,233 | ▲ 6.4% |
| Equity10/15 | €15,872 | €12,443 | €10,596 | €12,542 | ▲ 18.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €5,872 | €2,443 | €596 | €2,542 | ▲ 327% |
| Amounts payable17/49 | €53,815 | €60,143 | €97,746 | €102,691 | ▲ 5.1% |
| Amounts payable within one year42/48 | €53,752 | €60,079 | €97,431 | €102,374 | ▲ 5.1% |
| Trade debts44 | €4,300 | €3,614 | €7,030 | €2,444 | ▼ 65.2% |
| Suppliers440/4 | €4,300 | €3,614 | €7,030 | €2,444 | ▼ 65.2% |
| Taxes, remuneration and social security45 | €3,001 | €2,571 | €1,456 | €4,420 | ▲ 204% |
| Taxes450/3 | €3,001 | €2,571 | €1,456 | €4,420 | ▲ 204% |
| Other amounts payable47/48 | €46,450 | €53,894 | €88,944 | €95,510 | ▲ 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 | €6,872 | -€3,429 | -€1,847 | €1,946 | ▲ 205% |
| + Depreciation and write-downs630 | €2,513 | €6,449 | €10,632 | €14,397 | ▲ 35.4% |
| Operating cash flow (approximation) | €9,385 | €3,019 | €8,785 | €16,343 | ▲ 86.0% |
| Investment in fixed assets (approximation) | - | -€7,661 | -€30,003 | -€10,822 | ▲ 63.9% |
| Change in cash | - | €8,543 | -€11,123 | €25,042 | ▲ 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.
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 €1,946
Net result €1,946 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 -€3,429
Net result drops to -€3,429, 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 21,225 companies in sector 81300 we hold annual accounts for 4,366. 2,684 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.