FIBO CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FIBO CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show negative equity (-€181,183) and a net result of -€81,409. Equity has been shrinking by about 50% per year since 2019. Its solvency ranks better than 8% of 2,797 sector peers (NACE 41, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-09-2015 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 2 others
- Establishment unit
- 2.245.791.312 9771 Kruisem, since 11-09-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 12-12-2025
Board and ownership
- FIMADirector · since 28-05-2020 · permanent representative MAES Filip Michel Octaaf
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- €20,302
- Turnover
- ≈ €250,000
- estimated
- Loss
- €81,409
- Equity
- -€181,183
- Total assets
- €1.3m
- Negative equity on 30-06-2025
Score breakdownraises riskNegative equity -€181,183Liquidity: current ratio 0.88, cash €1,838, halvedSector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: total assets €1.3mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 8% of them on solvency, 2% on liquidity and 17% on profitability.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 41), the median for financial year 2023 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-01-2026 PDF all 8 filings
Every figure per financial year
The operating result for 2025 is €18,470, against a loss of €7,834 in 2023. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,089 | €1,210 | €1,832 | - |
| Gross operating margin9900 | €1,326 | €113,769 | €90,362 | -€75,386 | -€6,624 | €20,302 | - |
| Operating profit (loss)9901 | -€4,571 | €113,554 | €89,277 | -€76,475 | -€7,834 | €18,470 | - |
| Financial income75/76B | - | - | - | €10,892 | €186 | €212 | - |
| Recurring financial income75 | €161 | €1,537 | €8,527 | €10,892 | €186 | €212 | - |
| Financial charges65/66B | - | - | - | €39,760 | €36,795 | €100,091 | - |
| Recurring financial charges65 | €43,421 | €43,526 | €41,944 | €39,760 | €36,795 | €100,091 | - |
| Profit (loss) for the period before taxes9903 | -€47,831 | €71,566 | €55,860 | -€105,342 | -€44,443 | -€81,409 | - |
| Income taxes67/77 | - | - | €3,644 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€47,831 | €71,566 | €52,216 | -€105,342 | -€44,443 | -€81,409 | - |
| Profit (loss) for the period to be appropriated9905 | -€47,831 | €71,566 | €52,216 | -€105,342 | -€44,443 | -€81,409 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.6m | €1.1m | €0.9m | €0.8m | €0.7m | €1.3m | - |
| Fixed assets21/28 | €400 | €400 | €400 | €400 | €400 | €400 | - |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | €400 | - |
| Current assets29/58 | €1.6m | €1.1m | €0.9m | €0.8m | €0.7m | €1.3m | - |
| Stocks and contracts in progress3 | €1.3m | €1.1m | €0.3m | €0.4m | €0.5m | €1.3m | - |
| Stocks30/36 | - | - | - | €0.4m | €0.5m | €1.3m | - |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.3m | €0.09m | €0.04m | €0.06m | - |
| Trade receivables40 | - | - | - | €0.005m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.09m | €0.04m | €0.06m | - |
| Cash at bank and in hand54/58 | €0.3m | €0.002m | €0.3m | €0.3m | €0.2m | €0.002m | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.002m | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.6m | €1.1m | €0.9m | €0.8m | €0.7m | €1.3m | - |
| Equity10/15 | -€0.07m | -€0.002m | €0.05m | -€0.06m | -€0.1m | -€0.2m | - |
| Contributions10/11 | €0.04m | - | - | €0.04m | €0.04m | €0.04m | - |
| Reserves13 | - | - | €0.01m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0 | - | - | - |
| Profit (loss) carried forward14 | -€0.1m | -€0.04m | €0 | -€0.1m | -€0.1m | -€0.2m | - |
| Amounts payable17/49 | €1.7m | €1.1m | €0.9m | €0.8m | €0.8m | €1.5m | - |
| Amounts payable within one year42/48 | €1.7m | €1.1m | €0.9m | €0.8m | €0.8m | €1.5m | - |
| Trade debts44 | €0.05m | €0.1m | €0.03m | €0 | €0.009m | €0.002m | - |
| Suppliers440/4 | - | - | - | €0 | €0.009m | €0.002m | - |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - |
| Taxes450/3 | - | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.8m | €1.5m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.003m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,831 | €71,566 | €52,216 | -€105,342 | -€44,443 | -€81,409 | - |
| Operating cash flow (approximation) | -€47,831 | €71,566 | €52,216 | -€105,342 | -€44,443 | -€81,409 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - | - |
| Change in cash | - | -€280,308 | €296,107 | -€5,322 | -€135,552 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,216 companies had the same profile as FIBO CONSTRUCT has now. Two years later, 95.7% were still going and 1.1% had gone bankrupt.
- Small
- 10 to 20 years old
- negative equity
- a small loss
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FIBO CONSTRUCT itself is higher: 1.9% within 12 months. It rests on far more data about FIBO CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,216 companies, not a prediction for FIBO 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 09-01-2026 | 2026-00008486 | |
| 31-07-2023 | abbreviated format | 26-02-2024 | 2024-00035140 | |
| 31-07-2022 | abbreviated format | 23-01-2023 | 2023-00002908 | |
| 31-07-2021 | abbreviated format | 23-02-2022 | 2022-06600413 | |
| 31-07-2020 | abbreviated format | 26-02-2021 | 2021-06300169 | |
| 31-07-2019 | abbreviated format | 05-02-2020 | 2020-04500454 | |
| 31-07-2018 | abbreviated format | 24-01-2019 | 2019-02300137 | |
| 31-07-2017 | abbreviated format | 25-01-2018 | 2018-02200558 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Capital transactions
- 22-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FIMA |
|
| MAES Filip Michel Octaaf |
|
Articles of association
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Naar evenredigheid van aantal bezeten aandelen, 8”
Articles of association, deed of 22-12-2023 (in Dutch)
Network & group
Connections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
22-12
Gazette deed
Resignation: MAES Filip Michel Octaaf (statutory manager)Reappointment: FIMA (director) · Permanent representative: MAES Filip Michel Octaaf · Capital conversion10 points ▸
- General meeting, 14-12-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm”, 1 (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Other provision, “statutair onbeschikbare eigen vermogensrekening”, 6 (deed in Dutch)
- Power of attorney, Xavier DEWEER
- Director resignation, MAES Filip Michel Octaaf (statutory manager)
- Director reappointment, FIMA (director (not named in the articles))
- Permanent representative, MAES Filip Michel Octaaf
- Registered office clause, “B-9771 Kruisem (Nokere), Waregemsestraat 17” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken, als algemene aannemer of in onderaanneming, het ontwerp en de bouw van alle mogelijke gebouwen en bouwsels, de studie en de uitvoerig van binnen- en buitendecoraties
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud, de renovatie, het herstel, de verfraaiing, de vernieuwing en de modernisering van alle soorten kunstwerken en onroerende goederen en, algemeen genomen, alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken
- Het verstrekken van advies en bijstand, zowel technisch als administratief en commercieel, aan alle vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de onroerende goederen
- Het verwerven van alle mogelijke terreinen, het bouwen van openbare en particuliere gebouwen, de aankoop, de verkoop, de verhuur, de verdeling en de verkaveling van alle mogelijke onroerende goederen
- Al de werkzaamheden met betrekking tot de verdeling van water, gas, elektriciteit, enz.; de vaststelling en exploitatie van alle mogelijke transportmiddelen, havens, kanalen, wegen, enz.
- De aankoop, de verkoop, de huur, de invoer en de uitvoer van alle mogelijke materialen, goederen, toestellen en materieel, noodzakelijk voor de bouw, het onderhoud, het herstel en de vernieuwing van kunstwerken en gebouwen
- De voorbereiding, de opstelling en het afsluiten, zowel als mandataris als voor eigen rekening, van alle mogelijke overeenkomsten voor openbare of particuliere werken of voor leveringen en het uitvoeren van alle verrichtingen die daarmee verband houden
Invoicing and payment
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 0636.970.789
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45031A0161/00H000 | Flanders | 4,803 m² | 1 · 549 m² | 10.2 m · 1 |