FECON
ActiveFECON has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €10k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-6
Solvency32▼-8
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.17 in 2024; short-term debt: 93.4% and cash: 1.1% of total assets), and 93.4% of the assets are financed with debt.
Credit advice for your own amount and term
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
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
9 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▲ 20.4%
2024 · €49k
2023: €45k
2024: €49k
2023 → 2025
Total assets
€903k▲ 179%
2024 · €323k
2023: €144k
2024: €323k
2023 → 2025
Net result
€10k▲ 136%
2024 · €4k
2023: €81k
2024: €4k
2023 → 2025
Working capital
€57k▲ 23.5%
2024 · €46k
2023: €44k
2024: €46k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€45k-€49k▲ 9.5%€59k▲ 20.4%
Operating result€99k-€8k▼ 91.8%€30k▲ 270%
Net result€81k-€4k▼ 94.8%€10k▲ 136%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 270% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903k
Fixed assets
€2k▼ 29.0%
Current assets
€901k▲ 181%
Equity and liabilities €903k
Equity
€59k▲ 20.4%
Debt
€844k▲ 208%
The debt ratio rises from 84.8% to 93.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €9k
Cash flow
€11k▲
2024 · €5k
Solvency
6.6%▼
2024 · 15.2%
Current ratio
1.07▼
2024 · 1.17
Quick ratio
0.04▼
2024 · 0.17
Debt / equity
14.25▲
2024 · 5.58
ROE
16.9%▲
2024 · 8.6%
ROA
1.1%▼
2024 · 1.3%
Interest coverage
1.86▼
2024 · 2.63
Debt
€844k▲
2024 · €274k
Debt ≤ 1 year
€844k▲
2024 · €274k
Income taxes
€3k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€323k€903k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Current assets29/58€320k€901k▲
Stocks and contracts in progress3€273k€870k▲
Stocks30/36€273k€870k▲
Amounts receivable within one year40/41€19k€12k▼
Trade receivables40€6k€3k▼
Other amounts receivable41€12k€9k▼
Cash at bank and in hand54/58€26k€10k▼
Deferred charges and accrued income490/1€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€323k€903k▲
Equity10/15€49k€59k▲
Contributions10/11€4k€4k=
Reserves13€45k€55k▲
Distributable reserves133€45k€55k▲
Amounts payable17/49€274k€844k▲
Amounts payable within one year42/48€274k€844k▲
Current portion of amounts payable after more than one year42€142k-
Financial debts43-€553k
Credit institutions430/8-€553k
Trade debts44€79k€116k▲
Suppliers440/4€79k€116k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€50k€170k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€453€851▲
Other operating charges640/8€1k€599▼
Gross operating margin9900€10k€31k▲
Operating profit (loss)9901€8k€30k▲
Financial income75/76B€939€33▼
Recurring financial income75€939€33▼
Financial charges65/66B€3k€17k▲
Recurring financial charges65€3k€17k▲
Profit (loss) for the period before taxes9903€6k€13k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€4k€10k▲
Profit (loss) for the period to be appropriated9905€4k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€10k▲
Transfer to equity691/2€4k€10k▲
To other reserves6921€4k€10k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €4k ▼94.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heghestraat 269404 NinoveGround area
198 m²
Building footprint
97 m²
Volume, LiDAR
495 m³
Parcel 41004B0492/00R000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FECON
since 20212.320.457.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41004B0492/00R000 | Flanders | 198 m² | 1 · 97 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE 0767.812.804
Wuustwezel · Eq €59k
RALUS BLAUW
BE 0521.790.219
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AZ-INVEST & CONSTRUCT
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ADK IMMO
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Liège · Eq €59k
Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 5,119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2021
Fiscal year end31-03
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.