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FGR-DB

Active
Private limited companyfounded 200818 yrs activeStationsstraat 54, 3940 Hechtel-Eksel, BelgiumKBO/BCE: BE 0897.436.278
Summary

FGR-DB has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €568,740 and a net result of €210,258. Equity is shrinking by ~5.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability100▲+7
Solvency94▲+20
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 3.19 against 1.94 in 2025; short-term debt: 31.3% and cash: 59.6% of total assets), and 31.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
68.7%
Return on assets
25.4%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 10-09-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
51 d early
2025
29 d early
2024
29 d late
2023
14 d early
2022
17 d late
2021
31 d early
2020
9 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 April 2008, FGR-DB was incorporated.1 Total assets went from EUR 984,677 in 2019 to EUR 827,449 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, micro schema

Equity
€568,740▲ 13.6%
2025 · €500,823
Total assets
€827,449▼ 19.6%
2025 · €1.0m
Net result
€210,258▲ 6.6%
2025 · €197,300
Working capital
€567,032▲ 13.7%
2025 · €498,605
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
Line20222023202420252026
Operating result€187,229▲ 10.6%€211,122▲ 12.8%€203,111▼ 3.8%€284,723▲ 40.2%€301,956▲ 6.1%
Net result€126,744▲ 12.0%€142,342▲ 12.3%€138,630▼ 2.6%€197,300▲ 42.3%€210,258▲ 6.6%
Equity€865,801▲ 6.5%€846,258▼ 2.3%€694,191▼ 18.0%€500,823▼ 27.9%€568,740▲ 13.6%
Total assets€901,728▼ 8.2%€1.0m▲ 12.2%€983,647▼ 2.7%€1.0m▲ 4.6%€827,449▼ 19.6%
Debt€35,927▼ 78.8%€165,176▲ 360%€289,457▲ 75.2%€528,118▲ 82.5%€258,709▼ 51.0%
Working capital€857,976▲ 7.0%€848,103▼ 1.2%€700,623▼ 17.4%€498,605▼ 28.8%€567,032▲ 13.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000Operating result 2022: €187,229€187,229Net result 2022: €126,744€126,744Operating result 2023: €211,122€211,122Net result 2023: €142,342€142,342Operating result 2024: €203,111€203,111Net result 2024: €138,630€138,630Operating result 2025: €284,723€284,723Net result 2025: €197,300€197,300Operating result 2026: €301,956€301,956Net result 2026: €210,258€210,25820222023202420252026€0€100,000€200,000€300,000Operating result 2024: €203,111€203,000Net result 2024: €138,630€139,000Operating result 2025: €284,723€285,000Net result 2025: €197,300€197,000Operating result 2026: €301,956€302,000Net result 2026: €210,258€210,000202420252026
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 6% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €827,449
Fixed assets €1,707 ▼ 37.0%
Current assets €825,742 ▼ 19.5%
Equity and liabilities €827,449
Equity €568,740 ▲ 13.6%
Debt €258,709 ▼ 51.0%
Debt's share of the balance-sheet total falls from 51.3% to 31.3%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€302,958▲
2025 · €285,892
Cash flow
€211,261▲
2025 · €198,469
Current ratio
3.19▲
2025 · 1.94
Debt to equity
0.45▼
2025 · 1.05
ROE
37.0%▼
2025 · 39.4%
ROA
25.4%▲
2025 · 19.2%
Interest coverage
40.28▲
2025 · 32.82
Debt ≤ 1 year
€258,709▼
2025 · €527,626
Income taxes
€92,486▲
2025 · €86,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 45 lines
Balance sheet Code20252026
Assets
Total assets20/58€1.0m€827,449▼
Fixed assets21/28€2,710€1,707▼
Tangible fixed assets22/27€1,910€907▼
Furniture and vehicles24€1,910€907▼
Financial fixed assets28€800€800=
Current assets29/58€1.0m€825,742▼
Amounts receivable after more than one year29-€5,000
Other amounts receivable291-€5,000
Amounts receivable within one year40/41€126,409€139,553▲
Other amounts receivable41€126,409€139,553▲
Current investments50/53€75,000€50,000▼
Cash at bank and in hand54/58€718,295€492,969▼
Deferred charges and accrued income490/1€106,527€138,220▲
Equity and liabilities
Total equity and liabilities10/49€1.0m€827,449▼
Equity10/15€500,823€568,740▲
Contributions10/11€12,400€12,400=
Reserves13€488,423€556,340▲
Distributable reserves133€488,423€556,340▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€528,118€258,709▼
Amounts payable within one year42/48€527,626€258,709▼
Trade debts44€920€1,335▲
Suppliers440/4€920€1,335▲
Taxes, remuneration and social security45€42,616€24,491▼
Taxes450/3€42,616€24,491▼
Other amounts payable47/48€484,091€232,883▼
Accrued charges and deferred income492/3€492€0▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,169€1,003▼
Other operating charges640/8€1,325€1,414▲
Gross operating margin9900€287,217€304,372▲
Operating profit (loss)9901€284,723€301,956▲
Financial income75/76B€7,467€8,310▲
Recurring financial income75€7,467€8,310▲
Financial charges65/66B€8,712€7,521▼
Recurring financial charges65€8,712€7,521▼
Profit (loss) for the period before taxes9903€283,479€302,744▲
Income taxes67/77€86,179€92,486▲
Profit (loss) for the period9904€197,300€210,258▲
Profit (loss) for the period to be appropriated9905€197,300€210,258▲
Appropriation of the result
Profit (loss) to be appropriated9906€197,300€210,258▲
Transfer from equity791/2€390,667€142,342▼
Transfer to equity691/2€197,300€210,258▲
To other reserves6921€197,300€210,258▲
Profit to be distributed694/7€390,667€142,342▼
Return on contributions (dividend)694€390,667€142,342▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,248€9,671€1,258€1,169€1,003▼ 14.2%
Other operating charges640/8€1,146€1,149€1,319€1,325€1,414▲ 6.8%
Non-recurring operating charges66A€124€488----
Gross operating margin9900€197,746€222,430€205,688€287,217€304,372▲ 6.0%
Operating profit (loss)9901€187,229€211,122€203,111€284,723€301,956▲ 6.1%
Financial income75/76B€109€0€4,266€7,467€8,310▲ 11.3%
Recurring financial income75€109€0€4,266€7,467€8,310▲ 11.3%
Financial charges65/66B€4,156€4,191€8,672€8,712€7,521▼ 13.7%
Recurring financial charges65€4,156€4,191€8,672€8,712€7,521▼ 13.7%
Profit (loss) for the period before taxes9903€183,182€206,931€198,704€283,479€302,744▲ 6.8%
Income taxes67/77€56,438€64,589€60,074€86,179€92,486▲ 7.3%
Profit (loss) for the period9904€126,744€142,342€138,630€197,300€210,258▲ 6.6%
Profit (loss) for the period to be appropriated9905€126,744€142,342€138,630€197,300€210,258▲ 6.6%
Line20222023202420252026Change
Assets
Total assets20/58€901,728€1.0m€983,647€1.0m€827,449▼ 19.6%
Fixed assets21/28€11,800€2,129€2,051€2,710€1,707▼ 37.0%
Tangible fixed assets22/27€11,000€1,329€1,251€1,910€907▼ 52.5%
Furniture and vehicles24€11,000€1,329€1,251€1,910€907▼ 52.5%
Financial fixed assets28€800€800€800€800€800=
Current assets29/58€889,928€1.0m€981,596€1.0m€825,742▼ 19.5%
Amounts receivable after more than one year29----€5,000-
Other amounts receivable291----€5,000-
Amounts receivable within one year40/41€111,202€120,716€142,372€126,409€139,553▲ 10.4%
Other amounts receivable41€111,202€120,716€142,372€126,409€139,553▲ 10.4%
Current investments50/53--€100,000€75,000€50,000▼ 33.3%
Cash at bank and in hand54/58€689,689€753,479€614,655€718,295€492,969▼ 31.4%
Deferred charges and accrued income490/1€89,037€135,110€124,569€106,527€138,220▲ 29.8%
Equity and liabilities
Total equity and liabilities10/49€901,728€1.0m€983,647€1.0m€827,449▼ 19.6%
Equity10/15€865,801€846,258€694,191€500,823€568,740▲ 13.6%
Contributions10/11€12,400€14,260€12,400€12,400€12,400=
Reserves13€853,401€831,998€681,791€488,423€556,340▲ 13.9%
Non-distributable reserves130/1€1,860€0----
Reserves not available under the articles1311€1,860€0----
Distributable reserves133€851,541€831,998€681,791€488,423€556,340▲ 13.9%
Profit (loss) carried forward14-€0€0€0€0-
Amounts payable17/49€35,927€165,176€289,457€528,118€258,709▼ 51.0%
Amounts payable within one year42/48€31,952€161,202€280,973€527,626€258,709▼ 51.0%
Trade debts44-€297€889€920€1,335▲ 45.2%
Suppliers440/4-€297€889€920€1,335▲ 45.2%
Taxes, remuneration and social security45€15,674€17,234€3,000€42,616€24,491▼ 42.5%
Taxes450/3€15,674€17,234€3,000€42,616€24,491▼ 42.5%
Other amounts payable47/48€16,278€143,670€277,083€484,091€232,883▼ 51.9%
Accrued charges and deferred income492/3€3,975€3,974€8,484€492€0▼ 100%
Line20222023202420252026Change
Profit (loss) for the period9904€126,744€142,342€138,630€197,300€210,258▲ 6.6%
+ Depreciation and write-downs630€9,248€9,671€1,258€1,169€1,003▼ 14.2%
Operating cash flow (approximation)€135,991€152,013€139,889€198,469€211,261▲ 6.4%
Investment in fixed assets (approximation)-€0-€1,180-€1,828€0▲ 100%
Change in cash-€63,790-€138,823€103,640-€225,326▼ 317%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
10-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial Highest result since 2019net €210,258 ▲6.6%
Operating result €301,956, net result €210,258, both a record.
2025
02-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
29-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2023
17-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
17-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
31-03
Financial Liquidity times 5current ratio 27.85
Current ratio from 5.98 to 27.85; short-term debt falls from €161,016 to €31,952.
2021
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial Weakest financial yearnet €113,134 ▼25%
Net result drops to €113,134, the lowest in the series; recovery starts the following year.
2020
22-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
04-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2018
31-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Hechtel-Eksel · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
10.5 ha
Building footprint
1.3 ha
Volume, LiDAR
1,255 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ziekenhuis Maas en Kempen
Diestersteenweg 425, 3680 MaaseikSpecialist medical practice
since 20082.241.743.442
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72021A1745/00B000 Flanders 10.4 ha 1 · 1.2 ha -
72006B0597/00B004 Flanders 1,229 m² 1 · 248 m² 7.2 m · 2 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-03-2026 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-03-2026 of FGR-DB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded17-04-2008
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID 0208:0897436278
Registered 13-04-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.