Result
€175,541 €175,541
Back in profit in 2025, after a loss of €75,156 in 2024.
FI2BUILD
Lifetime
5 annual accounts with figures on one time axispeak €202,235 (2025)
€202,235▲ €238,692
lowest -€86,037 (2023)
€175,541▲ €250,697
peak €30,419 (2025)
€30,419▲ €175,541
€1.2m▲ 119%
Board3 names since 2020
1 directorSystebo
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from -€36,457 to €202,235Back to profit: €175,541Equity from -€145,122 to €30,419Debts from €547,681 to €1.2mCash from €156,088 to €4,531
Key points
from the 2025 annual accountsTurnover
≈ €360,000 estimated
The micro format states no turnover.
Debts
€1.2m 98% of the balance sheet
Suppliers 6%Taxes and wages 4%Other 90%
Filings
5 annual accounts 3 late
The 2022 accounts came latest: 30 days after the end of the period.
Starting capital
€10,000 10 shares
Position in the sector
€175,541
Higher net result than 95% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
86
Excellent
Financially stronger than 46% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.5%● unchanged vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.5%● unchanged vs 03-2025
05-2025: 2.4%▼ -0.1 percentage points vs 04-2025
06-2025: 2.4%● unchanged vs 05-2025
07-2025: 2.4%● unchanged vs 06-2025
08-2025: 3.2%▲ +0.8 percentage points vs 07-2025
09-2025: 4.0%▲ +0.8 percentage points vs 08-2025highest value
10-2025: 1.0%▼ -3.0 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.1%▲ +0.1 percentage points vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 0.5%▼ -0.6 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026
09-2026: 0.3%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.03, cash €4,531, halved
Equity €30,419 (2.5% of total assets)
lowers risk
Size: total assets €1.2m
Sector: Real estate activities (NACE 68)
Calculation
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 68, micro). It does better than 23% of them on solvency, 3% on liquidity, 66% on profitability and 93% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 875 companies had the same profile as FI2BUILD has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.9%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FI2BUILD itself: 0.3% within 12 months.
Test of the method
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 875 companies, not a prediction for FI2BUILD. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (0.74 in 2024), below the usual 1.5. Short-term debt is 97.5% and cash 0.4% of total assets. 97.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 17190 sector peers (2025).
NBB · sector comparisonPosition among 17190 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
25 days late
2024
28 days late
2023
on the day
2022
30 days late
2021
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 16 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- WERBROUCK,Filip Julien Marcel 5 sharesdeed of 13-05-2020
- LOGGHE,Filip Marcel 5 sharesdeed of 13-05-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0746813688
Registered office moved within Diksmuide
New registered office: Boekweitstraat 14 te 8600 Diksmuide · Previous registered office: Lekedorpstraat 15 te 8600 Diksmuide · Resignation: BV Sabine Van Paemel (director) · General meeting of 31-12-2023 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Hoogstammige bomen vellen die geen deel uitmaken van een bos, Nieuwbouw van bijgebouwen en niet overdekte lage constructie and 1 more · Kortemark
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · Diksmuide
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FI2BUILD Diksmuide | €1.2m | €202,235 | 2.5% | - |
| VYVEY VASTGOED Ostend | €1.2m | €191,543 | 5.3% | - |
| BRYS Knokke-Heist | €1.4m | €237,741 | 18.1% | 0 |
| YAVATECH Izegem | €1.2m | €265,886 | 30.0% | - |
| GHLOBAL Ypres | €1.5m | €251,952 | 46.4% | - |
| DE JAEGER BOUW Waregem | €1.6m | €156,489 | 30.2% | - |
| Renderit Boutersem | €1.3m | €201,756 | 57.3% | - |
These companies have the same main activity as FI2BUILD: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.2m and €1.6m, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 11-05-2020Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.302.093.3778600 Diksmuide, since 11-05-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 31-05-2025
Insights on FI2BUILD
FI2BUILD files the micro format. That format states no turnover. The gross margin rose from -€8,542 in 2021 to €202,235 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FI2BUILD
- What is the company number of FI2BUILD?
- The company number of FI2BUILD is 0746.813.688. The VAT number is the same number with BE in front: BE 0746.813.688.
- Where is FI2BUILD based?
- The registered office is at Boekweitstraat 14, 8600 Diksmuide.Company details
- What does FI2BUILD do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of FI2BUILD?
- FI2BUILD is a private limited company (BV).
- When was FI2BUILD founded?
- FI2BUILD was founded on 11-05-2020.
- Is FI2BUILD still active?
- Yes, FI2BUILD is an active enterprise in the KBO register.
- What is the turnover of FI2BUILD?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €202,235 and 49 comparable companies (NACE 681). It probably lies between €270,000 and €670,000.Financials
- Is FI2BUILD profitable?
- In financial year 2025, FI2BUILD made a profit of €175,541.
- Where can I find the annual accounts of FI2BUILD?
- FI2BUILD filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FI2BUILD due?
- FI2BUILD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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