FIAN
ActiveSummary
FIAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,986 and a net result of -€8,398. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+32
Solvency71▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.89 in 2024; short-term debt: 28.6% and cash: 7.1% of total assets), and 54.1% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.9%
Return on assets
-20.3%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€8,398
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 28-04-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
37 d early
2023
33 d early
2022
2 d early
2021
37 d early
2020
11 d late
2019
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 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 29 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€18,986▼ 30.7%
2024 · €27,384
Total assets
€41,373▼ 39.1%
2024 · €67,932
Net result
-€8,398▲ 40.9%
2024 · -€14,201
Working capital
-€1,705▲ 39.6%
2024 · -€2,821
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,979€25,148€27,478▲ 9.3%-€13,273-€6,606▲ 50.2%
Net result-€4,249below the sector's middle half€24,755within the sector's middle half€22,148within the sector's middle half▼ 10.5%-€14,201below the sector's middle half-€8,398below the sector's middle half▲ 40.9%
Equity€9,681below the sector's middle half▼ 30.5%€34,436within the sector's middle half▲ 256%€41,585within the sector's middle half▲ 20.8%€27,384within the sector's middle half▼ 34.1%€18,986below the sector's middle half▼ 30.7%
Total assets€42,158below the sector's middle half▼ 58.4%€77,147within the sector's middle half▲ 83.0%€100,050within the sector's middle half▲ 29.7%€67,932within the sector's middle half▼ 32.1%€41,373below the sector's middle half▼ 39.1%
Debt€32,477▼ 62.8%€42,710▲ 31.5%€58,465▲ 36.9%€40,548▼ 30.6%€22,387▼ 44.8%
Working capital-€13,347below the sector's middle half▲ 56.8%€12,973within the sector's middle half€18,237within the sector's middle half▲ 40.6%-€2,821below the sector's middle half-€1,705below the sector's middle half▲ 39.6%
Solvency23.0%within the sector's middle half▲ 9.2pp44.6%within the sector's middle half▲ 21.7pp41.6%within the sector's middle half▼ 3.1pp40.3%within the sector's middle half▼ 1.3pp45.9%within the sector's middle half▲ 5.6pp
Current ratio0.59below the sector's middle half▼ 0.061.40within the sector's middle half▲ 0.811.35within the sector's middle half▼ 0.050.89below the sector's middle half▼ 0.460.86below the sector's middle half▼ 0.03
Return on assets (ROA)-10.1%below the sector's middle half▼ 37.7pp32.1%above the sector's middle half▲ 42.2pp22.1%above the sector's middle half▼ 10.0pp-20.9%below the sector's middle half▼ 43.0pp-20.3%below the sector's middle half▲ 0.6pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,606 in 2025 against €13,273 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,373
Fixed assets
€31,233 ▼ 32.0%
Current assets
€10,139 ▼ 54.0%
Equity and liabilities €41,373
Equity
€18,986 ▼ 30.7%
Debt
€22,387 ▼ 44.8%
Debt's share of the balance-sheet total falls from 59.7% to 54.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,185▲
2024 · -€3,600
Cash flow
€3,394▲
2024 · -€4,527
Debt to equity
1.18▼
2024 · 1.48
ROE
-44.2%▲
2024 · -51.9%
Interest coverage
3.90▲
2024 · -4.35
Debt ≤ 1 year
€11,844▼
2024 · €24,848
Debt > 1 year
€9,624▼
2024 · €15,700
Income taxes
€462▲
2024 · €107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,592 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,189 | - | €306 | €171 | ▼ 44.2% |
| Remuneration, social security and pensions62 | - | €1,902 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,745 | €5,240 | €8,001 | €9,674 | €11,792 | ▲ 21.9% |
| Other operating charges640/8 | - | €498 | €552 | €1,733 | €1,930 | ▲ 11.4% |
| Gross operating margin9900 | €4,453 | €32,788 | €36,031 | -€1,867 | €7,116 | ▲ 481% |
| Operating profit (loss)9901 | -€3,979 | €25,148 | €27,478 | -€13,273 | -€6,606 | ▲ 50.2% |
| Financial income75/76B | - | €28 | €34 | €7 | €1 | ▼ 85.8% |
| Recurring financial income75 | €0 | €28 | €34 | €7 | €1 | ▼ 85.8% |
| Financial charges65/66B | - | €421 | €473 | €827 | €1,331 | ▲ 60.8% |
| Recurring financial charges65 | €270 | €421 | €473 | €827 | €1,331 | ▲ 60.8% |
| Profit (loss) for the period before taxes9903 | -€4,249 | €24,755 | €27,039 | -€14,094 | -€7,936 | ▲ 43.7% |
| Income taxes67/77 | - | - | €4,891 | €107 | €462 | ▲ 330% |
| Profit (loss) for the period9904 | -€4,249 | €24,755 | €22,148 | -€14,201 | -€8,398 | ▲ 40.9% |
| Profit (loss) for the period to be appropriated9905 | -€4,249 | €24,755 | €22,148 | -€14,201 | -€8,398 | ▲ 40.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,158 | €77,147 | €100,050 | €67,932 | €41,373 | ▼ 39.1% |
| Formation expenses20 | €216 | €10 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €22,811 | €31,717 | €29,095 | €45,905 | €31,233 | ▼ 32.0% |
| Intangible fixed assets21 | €1,049 | - | - | - | - | - |
| Tangible fixed assets22/27 | €21,762 | €31,317 | €25,944 | €42,754 | €28,083 | ▼ 34.3% |
| Plant, machinery and equipment23 | - | €11,206 | €8,356 | €5,507 | €1,607 | ▼ 70.8% |
| Furniture and vehicles24 | - | €20,111 | €17,588 | €37,247 | €26,475 | ▼ 28.9% |
| Financial fixed assets28 | - | €400 | €3,151 | €3,151 | €3,151 | = |
| Current assets29/58 | €19,130 | €45,419 | €70,955 | €22,027 | €10,139 | ▼ 54.0% |
| Stocks and contracts in progress3 | €134 | €159 | €304 | €177 | - | - |
| Stocks30/36 | - | €159 | €304 | €177 | - | - |
| Amounts receivable within one year40/41 | €17 | €6,067 | €36,713 | €10,925 | €6,714 | ▼ 38.5% |
| Trade receivables40 | - | €2,176 | €36,702 | €9,132 | €6,704 | ▼ 26.6% |
| Other amounts receivable41 | - | €3,891 | €11 | €1,793 | €11 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €18,908 | €38,753 | €33,841 | €9,725 | €2,951 | ▼ 69.7% |
| Deferred charges and accrued income490/1 | - | €441 | €97 | €1,200 | €474 | ▼ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,158 | €77,147 | €100,050 | €67,932 | €41,373 | ▼ 39.1% |
| Equity10/15 | €9,681 | €34,436 | €41,585 | €27,384 | €18,986 | ▼ 30.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€8,919 | €15,836 | €22,985 | €8,784 | €386 | ▼ 95.6% |
| Amounts payable17/49 | €32,477 | €42,710 | €58,465 | €40,548 | €22,387 | ▼ 44.8% |
| Amounts payable after more than one year17 | - | €10,264 | €5,747 | €15,700 | €9,624 | ▼ 38.7% |
| Financial debts170/4 | - | €10,264 | €5,747 | €15,700 | €9,624 | ▼ 38.7% |
| Amounts payable within one year42/48 | €32,477 | €32,446 | €52,718 | €24,848 | €11,844 | ▼ 52.3% |
| Current portion of amounts payable after more than one year42 | - | €4,447 | €4,517 | €9,285 | €6,076 | ▼ 34.6% |
| Trade debts44 | €44 | €4,848 | €21,891 | €3,907 | €728 | ▼ 81.4% |
| Suppliers440/4 | - | €4,848 | €21,891 | €3,907 | €728 | ▼ 81.4% |
| Taxes, remuneration and social security45 | - | €233 | €8,970 | €107 | €1,087 | ▲ 913% |
| Taxes450/3 | - | €233 | €8,970 | €107 | €1,087 | ▲ 913% |
| Other amounts payable47/48 | - | €22,919 | €17,341 | €11,549 | €3,954 | ▼ 65.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €919 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,249 | €24,755 | €22,148 | -€14,201 | -€8,398 | ▲ 40.9% |
| + Depreciation and write-downs630 | €7,745 | €5,240 | €8,001 | €9,674 | €11,792 | ▲ 21.9% |
| Operating cash flow (approximation) | €3,496 | €29,995 | €30,149 | -€4,527 | €3,394 | ▲ 175% |
| Investment in fixed assets (approximation) | - | -€14,145 | -€5,379 | -€26,483 | €2,879 | ▲ 111% |
| Change in cash | - | €19,845 | -€4,912 | -€24,116 | -€6,774 | ▲ 71.9% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€14,201
Net result drops to -€14,201, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €24,755
Net result €24,755 after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.59 to 1.40; short-term debt falls from €32,477 to €32,446.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
30-09
Financial
Back to profitnet €27,950
Net result €27,950 after one loss-making year.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Pajottegem · 1 establishment unit since 2017
Ground area
1,254 m²
Building footprint
207 m²
Volume, LiDAR
1,217 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FIAN
since 20172.270.441.485
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024B0103/00G002 | Flanders | 716 m² | 1 · 93 m² | 10.2 m · 2 fl. |
| 23024B0103/00H002 | Flanders | 538 m² | 1 · 115 m² | 9.6 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.
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 254 EUR awarded · 254 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 59 EUR | 59 EUR |
| 2022 | 1 | 195 EUR | 195 EUR |
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Of 7,038 companies in this sector we hold annual accounts for 3,481. 2,407 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-10-2017
Fiscal year end30-09
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683541578
Also
9925:BE0683541578
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.