Active BE 0797.914.575Private limited company

FIBREX

Meensesteenweg(Kor) 95 ·8500 Kortrijk, Belgium· 3 yrs active

Sector: Wholesale trade (46150)

Conclusion Checked

The computed 12-month bankruptcy probability of FIBREX is 1.4% (low). The 2024 annual accounts show equity of €8.81M and a net result of €3.58M. Its solvency ranks better than 79% of 62 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€8.81M
Net result	€3.58M
Staff (FTE)	2
Better than sector	79%

Snowflake analysis 5 axes · computed by Checked

80 / 100

Exceptional profile — strong across almost every axis.

Health 95

Profitability 63

Solvency 97

Growth 49

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

1.4% Low

0%0,5%1,5%4%10%≥25%

Young company +Annual accounts: healthy financial profile −Higher-failure-rate sector +

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2023 — past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

95 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 46 — Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	55.1%	32.6%	better than 79% of 62 sector peers
Net result	€3.58M	€5k	better than 95% of 62 sector peers
Equity	€8.81M	€116k	better than 95% of 62 sector peers
Staff costs	€204k	€314k	higher than 45% of 38 sector peers
Employees (FTE)	2.0	4.0	better than 27% of 31 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€80.72M

+2.6% 23–24

EBITDA

€6.68M

+8.9% 23–24

Net profit

€3.58M

-14.6% 23–24

Cash flow

€3.58M

-14.7% 23–24

Total assets

€15.99M

-61.5% 23–24

Equity

€8.81M

+21.9% 23–24

Working capital

€8.72M

-60.9% 23–24

Employees (FTE)

2

+11.1% 23–24

Staff costs

€204k

-26.3% 23–24

Income taxes

€1.22M

-14.7% 23–24

Dividends

€2.00M

+60.0% 23–24

Debt

€7.18M

-79.1% 23–24

Debt ≤ 1y

€7.17M

-62.5% 23–24

Current ratio

2.22

+2.2% 23–24

Quick ratio

1.86

+33.9% 23–24

Solvency

55.1%

+216.6% 23–24

Debt / equity

0.81

-82.8% 23–24

ROE

40.6%

-29.9% 23–24

ROA

22.4%

+122.0% 23–24

Net margin

4.4%

-16.7% 23–24

EBITDA margin

8.3%

+6.2% 23–24

Interest coverage

10.53

-27.3% 23–24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	€80.72M
EBITDA	€6.68M
Net profit	€3.58M
Cash flow	€3.58M
Staff costs	€204k
Income taxes	€1.22M
Dividends	€2.00M
Total assets	€15.99M
Equity	€8.81M
Debt	€7.18M
of which ≤ 1y	€7.17M
of which > 1y	—
Working capital	€8.72M
Employees (FTE)	2.0

Ratios (computed)

	2024
Current ratio	2.22
Quick ratio	1.86
Working capital ratio	54.5%
Solvency	55.1%
Debt / equity	0.81
Long-term debt ratio	—
Interest coverage	10.53
Gross margin	11.4%
Net margin	4.4%
ROA	22.4%
ROE	40.6%
EBITDA margin	8.3%
Days sales outstanding	25d
Days payable outstanding	19d
Inventory turnover	27.99
Days inventory (DSI)	13d

Balance-sheet composition 2024

Assets

Fixed assets €95k · 0.6% Current assets €15.89M · 99.4%

Equity & liabilities

Equity €8.81M · 55.1% Debt €7.18M · 44.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet — Assets
TOTAL ASSETS	20/58	€15.99M
Fixed assets	21/28	€95k
Tangible fixed assets	22/27	€94k
Financial fixed assets	28	€1k
Current assets	29/58	€15.89M
Stocks & contracts in progress	3	€2.56M
Amounts receivable within one year	40/41	€6.65M
Cash & bank	54/58	€4.43M
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€15.99M
Equity	10/15	€8.81M
Contributions / capital	10/11	€106k
Reserves	13	€8.70M
Amounts payable	17/49	€7.18M
Amounts payable within one year	42/48	€7.17M
Trade debts payable within one year	44	€3.71M
Income statement
Turnover	70	€80.72M
Operating result	9901	€6.67M
Financial income	75	€85k
Financial charges	65	€1.96M
Result before taxes	9903	€4.80M
Income taxes	67/77	€1.22M
Net result for the period	9904	€3.58M
Result to be appropriated	9905	€3.58M

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Ratios computed by Checked.

Legal Structure

NACE primary	Wholesale trade(46150)
Legal form	Private limited company(610)
Incorporation	01-02-2023
Status	Active
Postal code	8500

Establishment units 1 location

FIBREX

Meensesteenweg(Kor) 95, 8500 KortrijkHandelsbemiddeling in landbouwproducten, levende dieren, textielgrondstoffen en aanverwante halffabrikaten

since 20232.341.534.468

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34352A0006/00K000	Flanders	7,656 m²	1 · 1,221 m²	10.0 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 2 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

29-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

19-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

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Company registry (CBE) Crossroads Bank

Activities

Handelsbemiddeling in meubelen, huishoudelijke artikelen en ijzerwaren46150Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren46150Groothandel in andere intermediaire producten, n.e.g.46769Groothandel in andere intermediaire producten, neg46869Handelsbemiddeling in landbouwproducten, levende dieren en textielgrondstoffen en halffabrikaten46110Handelsbemiddeling in de groothandel in landbouwgrondstoffen, levende dieren en textielgrondstoffen en halffabricaten46110Groothandel in overig textiel46419Groothandel in overig textiel46419

Primary activity highlighted.

Names & trade names

Legal nameNL

FIBREX

Registered office

Meensesteenweg(Kor) 95

8500 Kortrijk, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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