FECICONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FECICONSTRUCT is 3.5% (moderate). For FECICONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €529 and a net result of -€33,451. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 33672 sector peers (fiscal year 2023). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-82
Solvency27▼-73
Growth55=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
1.6%
Return on assets
-101.3%
Age of the figures
33 mo
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 04-11-2024, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
96 d late
2022
53 d late
2021
26 d early
2020
44 d late
2019
35 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€300,503▲ 34.8%
2020 · €222,871
EBIT margin
3.1%▼ 18.2pp
2020 · 21.3%
Net result
-€33,451
2022 · €3,928
Working capital
-€4,503
2022 · €34,350
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
Line20192020202120222023
Turnover€222,871€300,503▲ 34.8%
Operating result-€18,115€47,457€9,372▼ 80.3%€6,492▼ 30.7%-€32,757
Net result-€18,862€29,490€6,338▼ 78.5%€3,928▼ 38.0%-€33,451
EBIT margin21.3%3.1%▼ 18.2pp
Equity€11,607▼ 67.8%€41,097▲ 254%€30,052▼ 26.9%€33,979▲ 13.1%€529▼ 98.4%
Total assets€44,488▲ 4.2%€70,029▲ 57.4%€38,921▼ 44.4%€36,524▼ 6.2%€33,009▼ 9.6%
Debt€32,881▲ 395%€28,932▼ 12.0%€8,870▼ 69.3%€2,545▼ 71.3%€32,480▲ 1,176%
Working capital€11,607▼ 65.7%€35,990▲ 210%€23,061▼ 35.9%€34,350▲ 49.0%-€4,503
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €32,757 after €6,492 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €33,009
Fixed assets
€5,032 ▲ 476%
Current assets
€27,977 ▼ 21.5%
Equity and liabilities €33,009
Equity
€529 ▼ 98.4%
Debt
€32,480 ▲ 1,176%
Debt's share of the balance-sheet total rises from 7.0% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€22,415▼
2022 · €12,608
Cash flow
-€23,108▼
2022 · €10,044
Current ratio
0.86▼
2022 · 27.42
ROA
-101.3%▼
2022 · 10.8%
Interest coverage
-27.39▼
2022 · 11.16
Debt ≤ 1 year
€32,480▲
2022 · €1,300
Income taxes
€132▼
2022 · €1,434
Equity ratios withheld: equity of €529 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €222,871 | €300,503 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €283,214 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,250 | €1,242 | €7,117 | €6,117 | €10,342 | ▲ 69.1% |
| Other operating charges640/8 | - | - | €801 | €620 | €1,222 | ▲ 97.2% |
| Gross operating margin9900 | -€13,509 | €53,533 | €17,289 | €13,228 | -€21,193 | ▼ 260% |
| Operating profit (loss)9901 | -€18,115 | €47,457 | €9,372 | €6,492 | -€32,757 | ▼ 605% |
| Financial income75/76B | - | - | €0 | €1 | €257 | ▲ 51,208% |
| Recurring financial income75 | €1 | €9 | €0 | €1 | €257 | ▲ 51,208% |
| Financial charges65/66B | - | - | €959 | €1,130 | €818 | ▼ 27.6% |
| Recurring financial charges65 | €615 | €752 | €959 | €1,130 | €818 | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | -€18,729 | €46,714 | €8,413 | €5,362 | -€33,319 | ▼ 721% |
| Income taxes67/77 | €133 | €17,224 | €2,075 | €1,434 | €132 | ▼ 90.8% |
| Profit (loss) for the period9904 | -€18,862 | €29,490 | €6,338 | €3,928 | -€33,451 | ▼ 952% |
| Profit (loss) for the period to be appropriated9905 | -€18,862 | €29,490 | €6,338 | €3,928 | -€33,451 | ▼ 952% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,488 | €70,029 | €38,921 | €36,524 | €33,009 | ▼ 9.6% |
| Fixed assets21/28 | - | €5,108 | €6,991 | €874 | €5,032 | ▲ 476% |
| Tangible fixed assets22/27 | - | €5,108 | €6,991 | €874 | €5,032 | ▲ 476% |
| Plant, machinery and equipment23 | - | - | €6,991 | €874 | - | - |
| Furniture and vehicles24 | - | - | - | - | €5,032 | - |
| Current assets29/58 | €44,488 | €64,921 | €31,930 | €35,650 | €27,977 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €44,488 | €53,556 | €21,476 | €21,650 | €12,184 | ▼ 43.7% |
| Trade receivables40 | - | - | €16,617 | €664 | €3,541 | ▲ 433% |
| Other amounts receivable41 | - | - | €4,859 | €20,986 | €8,643 | ▼ 58.8% |
| Cash at bank and in hand54/58 | - | €11,238 | €2,923 | €8,144 | €15,793 | ▲ 93.9% |
| Deferred charges and accrued income490/1 | - | - | €7,532 | €5,855 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,488 | €70,029 | €38,921 | €36,524 | €33,009 | ▼ 9.6% |
| Equity10/15 | €11,607 | €41,097 | €30,052 | €33,979 | €529 | ▼ 98.4% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €21,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€8,853 | €637 | €9,592 | €13,519 | -€19,931 | ▼ 247% |
| Amounts payable17/49 | €32,881 | €28,932 | €8,870 | €2,545 | €32,480 | ▲ 1,176% |
| Amounts payable within one year42/48 | €32,881 | €28,932 | €8,870 | €1,300 | €32,480 | ▲ 2,398% |
| Financial debts43 | - | - | - | - | €9,690 | - |
| Credit institutions430/8 | - | - | - | - | €9,690 | - |
| Trade debts44 | €20,921 | €1,329 | €243 | - | €6,819 | - |
| Suppliers440/4 | - | - | €243 | - | €6,819 | - |
| Taxes, remuneration and social security45 | - | - | €8,371 | €1,300 | €9,883 | ▲ 660% |
| Taxes450/3 | - | - | €8,371 | €1,300 | €9,883 | ▲ 660% |
| Other amounts payable47/48 | - | - | €256 | - | €6,088 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,245 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,862 | €29,490 | €6,338 | €3,928 | -€33,451 | ▼ 952% |
| + Depreciation and write-downs630 | €2,250 | €1,242 | €7,117 | €6,117 | €10,342 | ▲ 69.1% |
| Operating cash flow (approximation) | -€16,612 | €30,732 | €13,455 | €10,044 | -€23,108 | ▼ 330% |
| Investment in fixed assets (approximation) | - | - | -€9,000 | €0 | -€14,500 | - |
| Change in cash | - | - | -€8,316 | €5,222 | €7,649 | ▲ 46.5% |
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
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Weakest financial yearnet -€33,451
Net result drops to -€33,451, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
31-12
Financial
Liquidity times 8current ratio 27.42
Current ratio from 3.60 to 27.42; short-term debt falls from €8,870 to €1,300.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
31-12
Financial
Back to profitnet €29,490
Net result €29,490 after one loss-making year.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 75 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Brussel · 1 establishment unit since 2006
Ground area
214 m²
Building footprint
191 m²
Volume, LiDAR
3,145 m³
Parcel 21816C0084/00C007, Brussels · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
FECICONSTRUCT
since 20062.157.629.594
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0084/00C007 | Brussels | 214 m² | 1 · 191 m² | 19.7 m · 6 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.
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Of 1,365 companies in sector 43110 we hold annual accounts for 635. 20 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 (pre-2019)
Founded16-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.