FIAB
ActiveSummary
The computed 12-month bankruptcy probability of FIAB is 1.8% (moderate). The 2024 annual accounts show equity of €120,511 and a net result of €7,406. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 9975 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.92 against 9.21 in 2023; short-term debt: 23.6% and cash: 85% of total assets), and 23.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
35 d early
2022
34 d early
2021
20 d early
2020
37 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€120,511▼ 7.4%
2023 · €130,116
Total assets
€157,872▲ 8.6%
2023 · €145,364
Net result
€7,406▼ 39.9%
2023 · €12,321
Working capital
€108,870▼ 12.7%
2023 · €124,667
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result-€6,145€4,287€6,515▲ 52.0%€18,111▲ 178%€10,760▼ 40.6%
Net result-€6,979below the sector's middle half€3,045within the sector's middle half€3,873within the sector's middle half▲ 27.2%€12,321within the sector's middle half▲ 218%€7,406within the sector's middle half▼ 39.9%
Equity€110,877within the sector's middle half▼ 5.9%€113,922above the sector's middle half▲ 2.7%€117,795above the sector's middle half▲ 3.4%€130,116above the sector's middle half▲ 10.5%€120,511above the sector's middle half▼ 7.4%
Total assets€140,166within the sector's middle half▲ 5.0%€137,424within the sector's middle half▼ 2.0%€135,424within the sector's middle half▼ 1.5%€145,364within the sector's middle half▲ 7.3%€157,872within the sector's middle half▲ 8.6%
Debt€29,289▲ 87.4%€23,502▼ 19.8%€17,629▼ 25.0%€15,248▼ 13.5%€37,361▲ 145%
Working capital€98,026above the sector's middle half▼ 6.5%€103,714above the sector's middle half▲ 5.8%€110,113above the sector's middle half▲ 6.2%€124,667above the sector's middle half▲ 13.2%€108,870above the sector's middle half▼ 12.7%
Solvency79.1%above the sector's middle half▼ 9.2pp82.9%above the sector's middle half▲ 3.8pp87.0%above the sector's middle half▲ 4.1pp89.5%above the sector's middle half▲ 2.5pp76.3%above the sector's middle half▼ 13.2pp
Current ratio5.13above the sector's middle half▼ 2.606.15above the sector's middle half▲ 1.027.65above the sector's middle half▲ 1.509.21above the sector's middle half▲ 1.563.92above the sector's middle half▼ 5.29
Return on assets (ROA)-5.0%below the sector's middle half▼ 28.0pp2.2%within the sector's middle half▲ 7.2pp2.9%within the sector's middle half▲ 0.6pp8.5%within the sector's middle half▲ 5.6pp4.7%within the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €157,872
Fixed assets
€11,715 ▲ 112%
Current assets
€146,157 ▲ 4.5%
Equity and liabilities €157,872
Equity
€120,511 ▼ 7.4%
Debt
€37,361 ▲ 145%
Debt's share of the balance-sheet total rises from 10.5% to 23.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14,779▼
2023 · €21,535
Cash flow
€11,426▼
2023 · €15,745
Debt to equity
0.31▲
2023 · 0.12
ROE
6.1%▼
2023 · 9.5%
Interest coverage
32.77▼
2023 · 40.68
Debt ≤ 1 year
€37,288▲
2023 · €15,184
Income taxes
€2,906▼
2023 · €5,260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 10,905 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,352 | €4,829 | €4,829 | €3,424 | €4,019 | ▲ 17.4% |
| Other operating charges640/8 | - | €359 | €512 | €684 | €569 | ▼ 16.9% |
| Gross operating margin9900 | -€345 | €9,475 | €11,856 | €22,219 | €15,348 | ▼ 30.9% |
| Operating profit (loss)9901 | -€6,145 | €4,287 | €6,515 | €18,111 | €10,760 | ▼ 40.6% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | - | €695 | €680 | €529 | €451 | ▼ 14.8% |
| Recurring financial charges65 | €725 | €695 | €680 | €529 | €451 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | -€6,870 | €3,592 | €5,835 | €17,581 | €10,312 | ▼ 41.3% |
| Income taxes67/77 | €109 | €547 | €1,962 | €5,260 | €2,906 | ▼ 44.8% |
| Profit (loss) for the period9904 | -€6,979 | €3,045 | €3,873 | €12,321 | €7,406 | ▼ 39.9% |
| Profit (loss) for the period to be appropriated9905 | -€6,979 | €3,045 | €3,873 | €12,321 | €7,406 | ▼ 39.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,166 | €137,424 | €135,424 | €145,364 | €157,872 | ▲ 8.6% |
| Fixed assets21/28 | €18,403 | €13,574 | €8,745 | €5,513 | €11,715 | ▲ 112% |
| Tangible fixed assets22/27 | €18,403 | €13,574 | €8,745 | €5,513 | €11,715 | ▲ 112% |
| Plant, machinery and equipment23 | - | - | - | €172 | €8,731 | ▲ 4,982% |
| Furniture and vehicles24 | - | €10,874 | €6,666 | €3,884 | €1,982 | ▼ 49.0% |
| Other tangible fixed assets26 | - | €2,700 | €2,078 | €1,457 | €1,002 | ▼ 31.2% |
| Current assets29/58 | €121,764 | €123,851 | €126,680 | €139,851 | €146,157 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €37,364 | €20,507 | €31,492 | €19,308 | €10,064 | ▼ 47.9% |
| Trade receivables40 | - | €9,047 | €9,827 | €18,564 | €6,650 | ▼ 64.2% |
| Other amounts receivable41 | - | €11,459 | €21,665 | €744 | €3,414 | ▲ 359% |
| Cash at bank and in hand54/58 | €82,869 | €101,778 | €93,531 | €119,242 | €134,146 | ▲ 12.5% |
| Deferred charges and accrued income490/1 | - | €1,566 | €1,657 | €1,300 | €1,947 | ▲ 49.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,166 | €137,424 | €135,424 | €145,364 | €157,872 | ▲ 8.6% |
| Equity10/15 | €110,877 | €113,922 | €117,795 | €130,116 | €120,511 | ▼ 7.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €8,360 | €8,360 | €8,360 | €20,681 | €20,681 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Distributable reserves133 | - | - | - | €14,181 | €14,181 | = |
| Profit (loss) carried forward14 | €96,317 | €99,362 | €103,235 | €103,235 | €81,230 | ▼ 21.3% |
| Amounts payable17/49 | €29,289 | €23,502 | €17,629 | €15,248 | €37,361 | ▲ 145% |
| Amounts payable after more than one year17 | €5,497 | €3,308 | €999 | - | - | - |
| Financial debts170/4 | - | €3,308 | €999 | - | - | - |
| Amounts payable within one year42/48 | €23,738 | €20,137 | €16,566 | €15,184 | €37,288 | ▲ 146% |
| Current portion of amounts payable after more than one year42 | - | €4,209 | €4,334 | €2,027 | €1,032 | ▼ 49.1% |
| Trade debts44 | €1,179 | €106 | €266 | €539 | €508 | ▼ 5.7% |
| Suppliers440/4 | - | €106 | €266 | €539 | €508 | ▼ 5.7% |
| Taxes, remuneration and social security45 | - | €3,582 | €2,658 | €3,326 | €5,079 | ▲ 52.7% |
| Taxes450/3 | - | €3,582 | €2,658 | €3,326 | €3,579 | ▲ 7.6% |
| Remuneration and social security454/9 | - | - | - | - | €1,500 | - |
| Other amounts payable47/48 | - | €12,241 | €9,308 | €9,293 | €30,669 | ▲ 230% |
| Accrued charges and deferred income492/3 | - | €57 | €64 | €64 | €73 | ▲ 15.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,979 | €3,045 | €3,873 | €12,321 | €7,406 | ▼ 39.9% |
| + Depreciation and write-downs630 | €5,352 | €4,829 | €4,829 | €3,424 | €4,019 | ▲ 17.4% |
| Operating cash flow (approximation) | -€1,627 | €7,874 | €8,702 | €15,745 | €11,426 | ▼ 27.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€192 | -€10,221 | ▼ 5,210% |
| Change in cash | - | €18,909 | -€8,248 | €25,712 | €14,904 | ▼ 42.0% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3,045
Net result €3,045 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€6,979
Net result drops to -€6,979, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 7.73
Current ratio from 3.38 to 7.73; short-term debt falls from €30,511 to €15,577.
31-12
Financial
Equity above €100,000Eq €117,855 ▲35.2%
2 profitable years in a row build equity to €117,855.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Schaarbeek · 1 establishment unit since 2015
Ground area
97 m²
Building footprint
61 m²
Volume, LiDAR
654 m³
Parcel 21905C0025/00K000, Brussels · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FIAB
since 20152.244.565.647
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0025/00K000 | Brussels | 97 m² | 1 · 61 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,977 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
Founded04-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
01110Growing of cereals (except rice), leguminous crops and oil seeds
01130Growing of vegetables, melons, roots and tubers
43110Demolition
43221Plumbing work
43230Insulation installation
43310Plastering work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0634835801
Also
9925:BE0634835801
Registered
10-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.