Summary
The computed 12-month bankruptcy probability of FENE CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €327,931. Equity is growing by ~66.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 2075 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency94▲+34
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
68.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-02-2026, 64 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
64 d early
2024
55 d late
2023
4 d early
2022
2 d late
2021
3 d early
← 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 3 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 April (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35,223▲ 167%
2023 · €13,216
Working capital
€362,443▲ 218%
2024 · €114,049
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€7,250-€32,032▲ 342%€10,709▼ 66.6%€39,880▲ 272%
Net result€6,395within the sector's middle half-€24,534within the sector's middle half▲ 284%€13,216within the sector's middle half▼ 46.1%€35,223above the sector's middle half▲ 167%
Equity€7,395below the sector's middle half-€31,929within the sector's middle half▲ 332%€45,144within the sector's middle half▲ 41.4%€80,367within the sector's middle half▲ 78.0%€327,931within the sector's middle half▲ 308%
Total assets€51,903below the sector's middle half-€166,317within the sector's middle half▲ 220%€120,003within the sector's middle half▼ 27.8%€227,531within the sector's middle half▲ 89.6%€476,980within the sector's middle half▲ 110%
Debt€44,508-€134,388▲ 202%€74,859▼ 44.3%€147,164▲ 96.6%€149,049▲ 1.3%
Working capital€7,395within the sector's middle half-€66,929within the sector's middle half▲ 805%€77,830within the sector's middle half▲ 16.3%€114,049above the sector's middle half▲ 46.5%€362,443within the sector's middle half▲ 218%
Solvency14.2%below the sector's middle half-19.2%below the sector's middle half▲ 4.9pp37.6%within the sector's middle half▲ 18.4pp35.3%within the sector's middle half▼ 2.3pp68.8%above the sector's middle half▲ 33.4pp
Current ratio1.17within the sector's middle half-1.67within the sector's middle half▲ 0.512.95within the sector's middle half▲ 1.282.02within the sector's middle half▼ 0.944.18above the sector's middle half▲ 2.16
Return on assets (ROA)12.3%within the sector's middle half-14.8%within the sector's middle half▲ 2.4pp11.0%within the sector's middle half▼ 3.7pp15.5%within the sector's middle half▲ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 272% above 2023 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €476,980
Fixed assets
€488 ▼ 63.0%
Current assets
€476,492 ▲ 111%
Equity and liabilities €476,980
Equity
€327,931 ▲ 308%
Debt
€149,049 ▲ 1.3%
Debt's share of the balance-sheet total falls from 64.7% to 31.2%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.45▼
2024 · 1.83
Debt ≤ 1 year
€114,049▲
2024 · €112,164
Debt > 1 year
€35,000=
2024 · €35,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €675 | €996 | - | - |
| Other operating charges640/8 | - | €56 | €64 | - | - | - |
| Gross operating margin9900 | €7,250 | €32,088 | €11,448 | €40,876 | - | - |
| Operating profit (loss)9901 | €7,250 | €32,032 | €10,709 | €39,880 | - | - |
| Financial income75/76B | €744 | €766 | €5,924 | €8,359 | - | - |
| Recurring financial income75 | €744 | €766 | €5,924 | €8,359 | - | - |
| Financial charges65/66B | - | €21 | €42 | €124 | - | - |
| Recurring financial charges65 | - | €21 | €42 | €124 | - | - |
| Profit (loss) for the period before taxes9903 | €7,994 | €32,777 | €16,591 | €48,115 | - | - |
| Income taxes67/77 | €1,599 | €8,243 | €3,375 | €12,892 | - | - |
| Profit (loss) for the period9904 | €6,395 | €24,534 | €13,216 | €35,223 | - | - |
| Profit (loss) for the period to be appropriated9905 | €6,395 | €24,534 | €13,216 | €35,223 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,903 | €166,317 | €120,003 | €227,531 | €476,980 | ▲ 110% |
| Fixed assets21/28 | - | - | €2,314 | €1,318 | €488 | ▼ 63.0% |
| Tangible fixed assets22/27 | - | - | €2,314 | €1,318 | €488 | ▼ 63.0% |
| Land and buildings22 | - | - | - | €700 | - | - |
| Plant, machinery and equipment23 | - | - | €1,233 | - | €333 | - |
| Furniture and vehicles24 | - | - | €1,081 | €618 | €155 | ▼ 75.0% |
| Current assets29/58 | €51,903 | €166,317 | €117,689 | €226,213 | €476,492 | ▲ 111% |
| Amounts receivable within one year40/41 | €51,376 | €165,704 | €116,233 | €225,561 | €476,487 | ▲ 111% |
| Trade receivables40 | €35,554 | €97,281 | - | €10,547 | €156,127 | ▲ 1,380% |
| Other amounts receivable41 | €15,822 | €68,423 | €116,233 | €215,014 | €320,361 | ▲ 49.0% |
| Cash at bank and in hand54/58 | €527 | €613 | €1,456 | €652 | €5 | ▼ 99.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,903 | €166,317 | €120,003 | €227,531 | €476,980 | ▲ 110% |
| Equity10/15 | €7,395 | €31,929 | €45,144 | €80,367 | €327,931 | ▲ 308% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | €1,000 | €1,000 | €1,000 | €1,000 | - | - |
| Issued capital100 | €1,000 | €1,000 | €1,000 | €1,000 | - | - |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | - | - |
| Legal reserve130 | €100 | €100 | €100 | €100 | - | - |
| Distributable reserves133 | - | - | - | - | €100 | - |
| Profit (loss) carried forward14 | €6,295 | €30,829 | €44,044 | €79,267 | €326,831 | ▲ 312% |
| Amounts payable17/49 | €44,508 | €134,388 | €74,859 | €147,164 | €149,049 | ▲ 1.3% |
| Amounts payable after more than one year17 | - | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Financial debts170/4 | - | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Amounts payable within one year42/48 | €44,508 | €99,388 | €39,859 | €112,164 | €114,049 | ▲ 1.7% |
| Trade debts44 | €16,215 | €55,932 | €23,727 | €76,323 | €42,549 | ▼ 44.3% |
| Suppliers440/4 | €16,215 | €55,932 | €23,727 | €76,323 | €42,549 | ▼ 44.3% |
| Taxes, remuneration and social security45 | €28,293 | €43,456 | €16,132 | €35,841 | €71,501 | ▲ 99.5% |
| Taxes450/3 | €1,599 | €8,244 | €3,374 | €12,893 | €71,501 | ▲ 455% |
| Remuneration and social security454/9 | €26,694 | €35,212 | €12,758 | €22,948 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,395 | €24,534 | €13,216 | €35,223 | - | - |
| + Depreciation and write-downs630 | - | - | €675 | €996 | - | - |
| Operating cash flow (approximation) | €6,395 | €24,534 | €13,891 | €36,219 | - | - |
| Investment in fixed assets (approximation) | - | - | - | €0 | €830 | - |
| Change in cash | - | €86 | €843 | -€804 | -€647 | ▲ 19.5% |
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
Next filing, fiscal year 2026, expected by
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Liquidity doublescurrent ratio 4.18
Current ratio from 2.02 to 4.18.
30-09
Financial
Equity above €200,000Eq €327,931 ▲308%
Equity rises from €80,367 to €327,931.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
30-09
Financial
Highest result since 2021net €35,223 ▲167%
Operating result €39,880, net result €35,223, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Zaventem · 1 establishment unit since 2020
Ground area
826 m²
Building footprint
389 m²
Volume, LiDAR
2,401 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
667
companies at this address
See who is registered here
1 establishment unit
FENE CONSTRUCT
since 20202.308.037.794
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 23007B0228/00K000 | Flanders | 365 m² | 1 · 197 m² | 11.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
LEMEY TOM
BE 0545.849.682
Dentergem · Eq €327,877
VALI CONSTRUCT
BE 0892.753.752
Grez-Doiceau · Eq €327,989
DOGAN D&D
BE 0887.102.117
Herstal · Eq €328,410
ILICLEAN
BE 0829.350.691
Zaventem · Eq €327,392
D.K. PLAST
BE 0476.071.941
Lokeren · Eq €327,345
Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 5,276 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
Founded02-10-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.