FICAP 2012
ActiveSummary
FICAP 2012 has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254,032 and a net result of €54,063. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+48
Solvency42▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.29 in 2024; short-term debt: 39.4% and cash: 0.9% of total assets), and 82.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.1%
Return on assets
3.6%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
105 d late
2023
on the day
2022
55 d early
2021
46 d early
2020
45 d early
2019
1 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 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 30 April (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€254,032▲ 27.0%
2024 · €199,969
Total assets
€1.5m▼ 6.5%
2024 · €1.6m
Net result
€54,063
2024 · -€65,113
Working capital
€261,379▲ 29.3%
2024 · €202,185
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Operating result€82,865▼ 27.9%€65,196▼ 21.3%€87,762▲ 34.6%€83,144▼ 5.3%€78,943▼ 5.1%
Net result€76,208above the sector's middle half▼ 35.9%€45,865above the sector's middle half▼ 39.8%€62,650above the sector's middle half▲ 36.6%-€65,113below the sector's middle half€54,063above the sector's middle half
Equity€156,568within the sector's middle half▲ 94.8%€202,432within the sector's middle half▲ 29.3%€265,082within the sector's middle half▲ 30.9%€199,969within the sector's middle half▼ 24.6%€254,032within the sector's middle half▲ 27.0%
Total assets€1.6mabove the sector's middle half▼ 5.8%€1.5mabove the sector's middle half▼ 3.8%€1.7mabove the sector's middle half▲ 11.1%€1.6mwithin the sector's middle half▼ 5.4%€1.5mabove the sector's middle half▼ 6.5%
Debt€1.4m▼ 10.9%€1.3m▼ 7.4%€1.4m▲ 8.0%€1.4m▼ 1.8%€1.2m▼ 11.3%
Working capital€121,542above the sector's middle half€175,127above the sector's middle half▲ 44.1%€248,734above the sector's middle half▲ 42.0%€202,185within the sector's middle half▼ 18.7%€261,379above the sector's middle half▲ 29.3%
Solvency10.0%within the sector's middle half▲ 5.1pp13.4%within the sector's middle half▲ 3.4pp15.8%within the sector's middle half▲ 2.4pp12.6%within the sector's middle half▼ 3.2pp17.1%within the sector's middle half▲ 4.5pp
Current ratio1.21within the sector's middle half▲ 0.211.33within the sector's middle half▲ 0.121.36within the sector's middle half▲ 0.041.29within the sector's middle half▼ 0.071.45within the sector's middle half▲ 0.16
Return on assets (ROA)4.8%within the sector's middle half▼ 2.3pp3.0%within the sector's middle half▼ 1.8pp3.7%within the sector's middle half▲ 0.7pp-4.1%below the sector's middle half▼ 7.8pp3.6%within the sector's middle half▲ 7.7pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€639,651 ▼ 7.6%
Current assets
€846,559 ▼ 5.7%
Equity and liabilities €1.5m
Equity
€254,032 ▲ 27.0%
Debt
€1.2m ▼ 11.3%
Debt's share of the balance-sheet total falls from 87.4% to 82.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135,303▼
2024 · €139,456
Cash flow
€110,423▲
2024 · -€8,801
Debt to equity
4.85▼
2024 · 6.95
ROE
21.3%▲
2024 · -32.6%
Interest coverage
5.49▲
2024 · 0.94
Debt ≤ 1 year
€585,181▼
2024 · €695,071
Debt > 1 year
€638,197▼
2024 · €685,665
Income taxes
€19,483▼
2024 · €22,854
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
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 0.5% 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 497,338 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% | 1.9% |
| 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 4,105 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,704 | €63,446 | €57,283 | €56,312 | €56,360 | ▲ 0.1% |
| Other operating charges640/8 | - | €5,205 | €7,933 | €3,513 | €4,257 | ▲ 21.2% |
| Non-recurring operating charges66A | - | €0 | - | - | €482 | - |
| Gross operating margin9900 | €170,810 | €133,847 | €152,978 | €142,969 | €140,042 | ▼ 2.0% |
| Operating profit (loss)9901 | €82,865 | €65,196 | €87,762 | €83,144 | €78,943 | ▼ 5.1% |
| Financial income75/76B | - | €18,938 | €20,145 | €22,639 | €19,255 | ▼ 14.9% |
| Recurring financial income75 | €20,853 | €18,938 | €20,145 | €22,639 | €19,255 | ▼ 14.9% |
| Financial charges65/66B | - | €16,884 | €16,019 | €148,042 | €24,652 | ▼ 83.3% |
| Recurring financial charges65 | €17,710 | €16,884 | €16,019 | €148,042 | €24,652 | ▼ 83.3% |
| Profit (loss) for the period before taxes9903 | €86,008 | €67,251 | €91,888 | -€42,259 | €73,546 | ▲ 274% |
| Income taxes67/77 | €9,800 | €21,386 | €29,238 | €22,854 | €19,483 | ▼ 14.8% |
| Profit (loss) for the period9904 | €76,208 | €45,865 | €62,650 | -€65,113 | €54,063 | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | €76,208 | €45,865 | €62,650 | -€65,113 | €54,063 | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €1.7m | €1.6m | €1.5m | ▼ 6.5% |
| Fixed assets21/28 | €868,292 | €805,167 | €748,562 | €692,250 | €639,651 | ▼ 7.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €808,292 | €745,167 | €688,562 | €632,250 | €579,651 | ▼ 8.3% |
| Land and buildings22 | - | €657,789 | €619,095 | €580,402 | €544,628 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €5,956 | €4,654 | €3,352 | €2,050 | ▼ 38.8% |
| Furniture and vehicles24 | - | €81,422 | €64,813 | €48,496 | €32,973 | ▼ 32.0% |
| Financial fixed assets28 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Current assets29/58 | €703,318 | €707,037 | €931,465 | €897,255 | €846,559 | ▼ 5.7% |
| Amounts receivable within one year40/41 | €679,651 | €701,670 | €931,133 | €880,851 | €828,149 | ▼ 6.0% |
| Trade receivables40 | - | €13,673 | €14,605 | €15,092 | €12,177 | ▼ 19.3% |
| Other amounts receivable41 | - | €687,997 | €916,528 | €865,759 | €815,972 | ▼ 5.8% |
| Cash at bank and in hand54/58 | €23,667 | €5,367 | €332 | €11,454 | €13,460 | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €4,950 | €4,950 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.7m | €1.6m | €1.5m | ▼ 6.5% |
| Equity10/15 | €156,568 | €202,432 | €265,082 | €199,969 | €254,032 | ▲ 27.0% |
| Contributions10/11 | - | €135,000 | €135,000 | €135,000 | €135,000 | = |
| Reserves13 | €21,500 | €67,432 | €130,082 | €130,082 | €129,300 | ▼ 0.6% |
| Distributable reserves133 | - | €67,432 | €130,082 | €130,082 | €129,300 | ▼ 0.6% |
| Profit (loss) carried forward14 | €68 | €0 | - | -€65,113 | -€10,268 | ▲ 84.2% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.4m | €1.4m | €1.2m | ▼ 11.3% |
| Amounts payable after more than one year17 | €822,625 | €777,862 | €732,214 | €685,665 | €638,197 | ▼ 6.9% |
| Financial debts170/4 | - | €777,862 | €732,214 | €685,665 | €638,197 | ▼ 6.9% |
| Amounts payable within one year42/48 | €581,776 | €531,910 | €682,731 | €695,071 | €585,181 | ▼ 15.8% |
| Current portion of amounts payable after more than one year42 | - | €44,764 | €45,648 | €46,549 | €47,468 | ▲ 2.0% |
| Trade debts44 | €65,572 | €68,683 | €70,461 | €39,624 | €31,160 | ▼ 21.4% |
| Suppliers440/4 | - | €68,683 | €70,461 | €39,624 | €31,160 | ▼ 21.4% |
| Advances received on contracts in progress46 | - | - | - | - | €116 | - |
| Taxes, remuneration and social security45 | - | €4,901 | €9,147 | €2,623 | €6,893 | ▲ 163% |
| Taxes450/3 | - | €4,901 | €9,147 | €2,623 | €6,893 | ▲ 163% |
| Other amounts payable47/48 | - | €413,563 | €557,474 | €606,274 | €499,543 | ▼ 17.6% |
| Accrued charges and deferred income492/3 | - | €0 | - | €8,800 | €8,800 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,208 | €45,865 | €62,650 | -€65,113 | €54,063 | ▲ 183% |
| + Depreciation and write-downs630 | €67,704 | €63,446 | €57,283 | €56,312 | €56,360 | ▲ 0.1% |
| Operating cash flow (approximation) | €143,912 | €109,311 | €119,933 | -€8,801 | €110,423 | ▲ 1,355% |
| Investment in fixed assets (approximation) | - | -€321 | -€678 | €0 | -€3,761 | - |
| Change in cash | - | -€18,300 | -€5,035 | €11,122 | €2,006 | ▼ 82.0% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €54,063
Net result €54,063 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €254,032 ▲27%
Equity rises from €199,969 to €254,032.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 105 days late
2024
30-09
Financial
Weakest financial yearnet -€65,113
Net result drops to -€65,113, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €200,000Eq €202,432 ▲29.3%
4 profitable years in a row build equity to €202,432.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150,000Eq €156,568 ▲94.8%
3 profitable years in a row build equity to €156,568.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Back to profitnet €175,373
Net result €175,373 after one loss-making year.
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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
6 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, Brussel · 1 establishment unit since 2012
Ground area
275 m²
Building footprint
149 m²
Volume, LiDAR
2,997 m³
Parcel 21807G0180/00T004, Brussels · tallest building 26.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
FICAP 2012
since 20122.240.404.941
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0180/00T004 | Brussels | 275 m² | 1 · 148 m² | 26.8 m · 8 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
33.33%
-
33.33%
According to the annual accounts to 30-09-2025 of FICAP 2012 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,855 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
Founded06-12-2012
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501802873
Also
9925:BE0501802873
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.