Equity
FI CONSTRUCT has made a profit without a break since 2018.
FI CONSTRUCT has made a profit without a break since 2018.
Turnover rose in 2025 from €291,762 to €406,369.
FI CONSTRUCT pays its suppliers 20 days later than in 2024. Customers pay 1 day earlier.
Short-term debts rose from €4,476 to €29,370.
Two of the last ten came late. The 2016 accounts came latest: 28 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 64% of them on solvency, 90% on liquidity, 26% on profitability and 66% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 10,904 companies had the same profile as FI CONSTRUCT has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of FI CONSTRUCT itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for FI CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.76 (12.57 in 2024), above the usual 1.5. Short-term debt is 19.5% and cash 39.1% of total assets. 41.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FI CONSTRUCT Tubize | €150,729 | €34,432 | 58.8% | - |
| CG CHAPE Soumagne | €156,896 | €34,020 | 12.0% | - |
| SAFICHAPE Liège | €147,282 | €35,147 | 73.5% | - |
| De Roeck Jeffry Sint-Niklaas | €133,503 | €51,300 | 9.1% | - |
| Chape-Tecnics Eeklo | €178,824 | €47,834 | 28.0% | - |
| RENO-EWAS Etterbeek | €123,893 | €27,380 | 71.8% | - |
| TECHNO CB Anderlecht | €169,678 | €44,794 | 64.5% | - |
These companies have the same main activity as FI CONSTRUCT: screed work (NACE 43422). They are comparable in size and age: total assets between €124,000 and €179,000, founded between 2009 and 2014.
FI CONSTRUCT has existed since 2012. In 2013 turnover rose from €118,038 to €286,184.
Solvency fell in 2025 from 66.5% to 58.8% because of higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 64% of 35,119 companies in 2025.
Higher than 68% of 34,493 companies in 2025.
Higher than 38% of 34,694 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
150,729 | 125,105 | 191,488 | 119,469 | 66,022 | 61,669 | 67,485 | 55,910 | 62,128 | 59,035 | 55,233 | 60,075 | 99,189 | 37,685 | |
21/28 |
69,721 | 68,819 | 76,755 | 68,280 | 4,544 | 10,208 | 17,419 | 16,402 | 20,232 | 5,829 | 7,545 | 9,047 | 12,945 | - | |
22/27 |
69,721 | 68,819 | 76,755 | 68,280 | 4,544 | 10,208 | 17,419 | 16,402 | 20,232 | 5,829 | 7,545 | 9,047 | 12,945 | - | |
23 |
3,132 | 3,820 | 8,273 | 3,539 | 1,825 | 1,707 | 4,288 | 2,418 | 2,212 | 2,012 | 1,282 | 1,926 | 1,446 | - | |
24 |
7,486 | 3,997 | 5,583 | 8,676 | 2,719 | 4,320 | 4,767 | 1,438 | 1,293 | 3,817 | 5,041 | 1,665 | 1,809 | - | |
25 |
50,370 | 52,268 | 54,166 | 56,064 | - | - | - | - | - | - | - | - | - | - | |
27 |
8,734 | 8,734 | 8,734 | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
81,008 | 56,286 | 114,732 | 51,189 | 61,477 | 51,461 | 50,066 | 39,509 | 41,896 | 53,205 | 47,687 | 51,028 | 86,244 | 37,685 | |
40/41 |
11,144 | 7,914 | 12,227 | 18,498 | 9,307 | 26,510 | 27,660 | 20,979 | 20,925 | 32,598 | 38,972 | 49,977 | 80,781 | 37,685 | |
40 |
6,621 | 5,464 | 5,464 | 9,587 | 3,868 | 20,932 | 20,758 | 12,297 | 13,761 | 29,888 | 32,978 | 41,322 | 76,781 | 36,936 | |
41 |
4,523 | 2,449 | 6,763 | 8,911 | 5,439 | 5,578 | 6,901 | 8,682 | 7,164 | 2,711 | 5,994 | 8,655 | 4,000 | 749 | |
54/58 |
58,911 | 31,543 | 102,008 | 32,691 | 51,674 | 24,951 | 21,909 | 18,530 | 20,473 | 20,607 | 4,794 | 1,051 | 5,463 | - | |
490/1 |
10,954 | 16,829 | 497 | - | 497 | - | 497 | - | 497 | - | 3,921 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
150,729 | 125,105 | 191,488 | 119,469 | 66,022 | 61,669 | 67,485 | 55,910 | 62,128 | 59,035 | 55,233 | 60,075 | 99,189 | 37,685 | |
10/15 |
88,561 | 83,148 | 73,694 | 61,272 | 56,256 | 49,536 | 47,178 | 33,555 | 22,142 | 27,457 | 21,689 | 17,765 | 11,829 | 13,781 | |
10/11 |
6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | |
11 |
- | - | - | - | - | 6,500 | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 6,500 | - | - | - | - | - | - | - | - | |
13 |
14,282 | 14,282 | 14,282 | 1,860 | 1,860 | 1,860 | 1,860 | 1,716 | 1,145 | 1,145 | 857 | 661 | 364 | 364 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,716 | 1,145 | 1,145 | 857 | 661 | 364 | 364 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
14,282 | 14,282 | 14,282 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
67,779 | 62,366 | 52,912 | 52,912 | 47,896 | 41,176 | 38,818 | 25,339 | 14,497 | 19,811 | 14,332 | 10,604 | 4,965 | 6,917 | |
17/49 |
62,168 | 41,957 | 117,793 | 58,197 | 9,766 | 12,133 | 20,307 | 22,355 | 39,985 | 31,578 | 33,543 | 42,310 | 87,360 | 23,904 | |
17 |
32,799 | 37,481 | 41,859 | 45,952 | - | - | 908 | 6,293 | 11,575 | - | - | 1,497 | 5,878 | - | |
170/4 |
32,799 | 37,481 | 41,859 | 45,952 | - | - | 908 | 6,293 | 11,575 | - | - | 1,497 | 5,878 | - | |
42/48 |
29,370 | 4,476 | 75,935 | 12,245 | 9,766 | 12,133 | 19,400 | 16,063 | 28,411 | 31,578 | 33,543 | 40,812 | 81,482 | 23,904 | |
42 |
5,020 | 4,378 | 4,093 | 3,827 | - | 908 | 5,385 | 5,282 | 5,182 | - | 1,497 | 5,405 | 5,232 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | 9 | - | - | 425 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | 9 | - | - | 425 | |
44 |
19,952 | 98 | 11,436 | 2,755 | 3,141 | 6,238 | 6,405 | 41 | 10,735 | 16,072 | 14,708 | 17,026 | 49,789 | 16,451 | |
440/4 |
19,952 | 98 | 11,436 | 2,755 | 3,141 | 6,238 | 6,405 | 41 | 10,735 | 16,072 | 14,708 | 17,026 | 49,789 | 16,451 | |
45 |
4,398 | - | 30,296 | 5,553 | 4,759 | 2,326 | 5,293 | 5,650 | 5,515 | 6,723 | 5,219 | 5,306 | 12,275 | 5,864 | |
450/3 |
172 | - | 28,576 | 1,845 | 2,383 | 594 | 1,565 | 1,997 | 717 | 3,855 | 3,869 | 2,249 | 12,275 | 3,064 | |
454/9 |
4,226 | - | 1,720 | 3,708 | 2,377 | 1,733 | 3,728 | 3,653 | 4,798 | 2,869 | 1,350 | 3,058 | - | 2,800 | |
47/48 |
- | - | 30,109 | 109 | 1,865 | 2,661 | 2,318 | 5,089 | 6,979 | 8,783 | 12,110 | 13,075 | 14,185 | 1,165 | |
| Income statement | |||||||||||||||
70 |
406,369 | 291,762 | 438,850 | 386,795 | 267,154 | 249,955 | 365,106 | 287,951 | 279,780 | 315,694 | 371,689 | 288,043 | 286,184 | 118,038 | |
76A |
- | - | - | - | 550 | - | - | - | - | - | - | - | - | - | |
9900 |
34,432 | 28,749 | 90,575 | 17,433 | 20,386 | 15,737 | 29,023 | 23,145 | 5,614 | 19,229 | 15,910 | 18,714 | 3,717 | 10,836 | |
60/61 |
372,101 | 264,654 | 348,482 | 369,496 | 250,859 | 234,218 | 339,946 | 265,094 | 274,167 | 296,465 | 355,778 | 269,329 | 282,468 | 107,202 | |
630 |
8,642 | 10,918 | 10,789 | 6,109 | 9,610 | 10,566 | 10,350 | 8,261 | 9,214 | 6,815 | 8,793 | 6,362 | 3,678 | - | |
640/8 |
4,868 | 1,196 | 1,161 | 1,221 | 1,251 | 1,934 | 1,111 | 1,000 | 1,048 | 844 | 1,153 | 2,615 | 1,085 | 249 | |
66A |
3,878 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
17,044 | 16,635 | 78,625 | 10,103 | 9,525 | 3,238 | 17,562 | 13,884 | -4,648 | 11,571 | 5,965 | 9,736 | -1,046 | 10,587 | |
75/76B |
12 | 9 | - | - | - | 12 | - | - | - | 1,685 | 5 | - | - | - | |
75 |
12 | 9 | - | - | - | 12 | - | - | - | 1,685 | 5 | - | - | - | |
65/66B |
5,821 | 3,841 | 3,627 | 3,490 | 429 | 298 | 371 | 474 | 710 | 5,383 | 507 | 1,766 | 906 | 242 | |
65 |
5,821 | 3,841 | 3,627 | 3,490 | 429 | 298 | 371 | 474 | 710 | 5,383 | 507 | 1,766 | 906 | 242 | |
9903 |
11,235 | 12,803 | 74,998 | 6,613 | 9,096 | 2,952 | 17,191 | 13,410 | -5,358 | 7,874 | 5,462 | 7,971 | -1,952 | 10,344 | |
67/77 |
5,822 | 3,349 | 19,719 | 1,597 | 2,376 | 594 | 3,568 | 1,997 | -43 | 2,106 | 1,538 | 2,034 | - | 3,064 | |
9904 |
5,413 | 9,454 | 55,280 | 5,016 | 6,720 | 2,358 | 13,623 | 11,413 | -5,314 | 5,768 | 3,924 | 5,936 | -1,952 | 7,281 | |
9905 |
5,413 | 9,454 | 55,280 | 5,016 | 6,720 | 2,358 | 13,623 | 11,413 | -5,314 | 5,768 | 3,924 | 5,936 | -1,952 | 7,281 | |
| Appropriation of the result | |||||||||||||||
9906 |
67,779 | 62,366 | 108,192 | 52,912 | 47,896 | 41,176 | 38,962 | 25,910 | 14,497 | 20,100 | 14,528 | 10,901 | 4,965 | 7,281 | |
14P |
62,366 | 52,912 | 52,912 | 47,896 | 41,176 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 12,422 | - | - | - | 144 | 571 | - | 288 | 196 | 297 | - | 364 | |
6920 |
- | - | - | - | - | - | 144 | 571 | - | 288 | 196 | 297 | - | 364 | |
6921 |
- | - | 12,422 | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | 42,857 | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | 42,857 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00210439 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00214060 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00277809 | |
| 31-12-2022 | full format | 04-07-2023 | 2023-00218819 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20111041 | |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37700122 | |
| 31-12-2019 | micro format | 18-08-2020 | 2020-42000202 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-30900412 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-29200206 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-49800074 | |
| 31-12-2015 | full format | 12-07-2016 | 2016-30600363 | |
| 31-12-2014 | full format | 02-07-2015 | 2015-26100311 | |
| 31-12-2013 | full format | 30-06-2014 | 2014-25000553 | |
| 31-12-2012 | full format | 01-07-2013 | 2013-24800087 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,686 | 27,552 | 89,414 | 16,212 | 19,134 | 13,804 | 27,912 | 22,144 | 4,566 | 18,385 | 14,757 | 16,099 | 2,632 | - | ||
| 14,055 | 20,371 | 66,069 | 11,125 | 16,330 | 12,924 | 23,973 | 19,673 | 3,900 | 12,582 | 12,717 | 12,299 | 1,726 | - | ||
| 9,544 | 2,981 | 10,531 | 69,845 | 3,946 | 3,355 | 11,367 | 4,430 | 23,617 | 5,098 | 7,291 | 2,464 | 16,623 | - | ||
| 27,368 | -70,465 | 69,317 | -18,983 | 26,723 | 3,042 | 3,380 | -1,944 | -133 | 15,813 | 3,743 | -4,411 | - | - | ||
| 51,639 | 51,810 | 38,798 | 38,944 | 51,712 | 39,328 | 30,666 | 23,446 | 13,485 | 21,627 | 14,144 | 10,216 | 4,762 | 13,781 | ||
| 4.2% | 5.7% | 17.9% | 2.6% | 3.6% | 1.3% | 4.8% | 4.8% | -1.7% | 3.7% | 1.6% | 3.4% | -0.4% | 9.0% | ||
| 58.8% | 66.5% | 38.5% | 51.3% | 85.2% | 80.3% | 69.9% | 60.0% | 35.6% | 46.5% | 39.3% | 29.6% | 11.9% | 36.6% | ||
| 2.76 | 12.57 | 1.51 | 4.18 | 6.30 | 4.24 | 2.58 | 2.46 | 1.47 | 1.68 | 1.42 | 1.25 | 1.06 | 1.58 | ||
| 0.70 | 0.50 | 1.60 | 0.95 | 0.17 | 0.24 | 0.43 | 0.67 | 1.81 | 1.15 | 1.55 | 2.38 | 7.39 | 1.73 | ||
| 6.1% | 11.4% | 75.0% | 8.2% | 11.9% | 4.8% | 28.9% | 34.0% | -24.0% | 21.0% | 18.1% | 33.4% | -16.5% | 52.8% | ||
| 3.6% | 7.6% | 28.9% | 4.2% | 10.2% | 3.8% | 20.2% | 20.4% | -8.6% | 9.8% | 7.1% | 9.9% | -2.0% | 19.3% | ||
| 4.41 | 7.17 | 24.65 | 4.65 | 44.60 | - | - | - | - | - | - | - | - | - | ||
| 6 days | 7 days | 5 days | 9 days | 5 days | 31 days | 21 days | 16 days | 18 days | 35 days | 32 days | 52 days | 98 days | 114 days | ||
| 20 days | 0 days | 12 days | 3 days | 5 days | 10 days | 7 days | 0 days | 14 days | 20 days | 15 days | 23 days | 64 days | 56 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,544 | - | €10,531 | €69,845 | €3,946 |
| €8,642 | €10,918 | €10,789 | €6,109 | €9,610 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 2% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 33.5% to 41.2%. Equity and debt are higher.
FI CONSTRUCT has no parent and no holdings in its annual accounts. FI CONSTRUCT shares no director with another company.
| Borcoi, Denis-Constantin (sole trader)
establishment since 27-08-2026 |
founded in 2026 1041.920.055 |
| Vartan, Vasile (sole trader)
establishment since 26-08-2026 |
founded in 2026 1041.742.683 |
| Strungariu, Robert (sole trader)
establishment since 02-06-2026 |
founded in 2026 1038.598.301 |
| BURCIU, Emanuel (sole trader)
establishment since 30-04-2026 |
founded in 2026 1037.556.639 |
| Ștefăniu, Costică (sole trader)
establishment since 30-04-2026 |
founded in 2026 1037.555.946 |
| Moțoc, Ionut (sole trader)
establishment since 18-02-2026 |
founded in 2026 1034.579.927 |
| Mureşan, Ionuţ (sole trader)
establishment since 03-11-2025 |
founded in 2025 1029.977.177 |
| Costache, Marius (sole trader)
establishment since 16-10-2025 |
founded in 2025 1029.272.245 |
| Drăgușanu, Cătălin (sole trader)
establishment since 01-10-2025 |
founded in 2025 1028.699.945 |
| Agafiţei, Narcis (sole trader)
establishment since 26-05-2025 |
founded in 2025 1023.712.363 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Carvalho Ribiero registered office Rue Raymond Luycx 1, 1480 Tubize | 25-04-2012 | 2.210.345.730 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25105B0162/00H015 | 129 m² | 1 · 65 m² | 13.7 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0845.510.396
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