Equity
Equity fell by 71% in 8 years.
Equity fell by 71% in 8 years.
Every financial year from 2018 to 2025 closed with a loss. 2019 was the heaviest.
Of this, €1.3m falls due within a year.
In July 2024, 910 companies had the same profile as FIJAK DEVELOPMENT has now. Each dot stands for 3 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 910 companies, not a prediction for FIJAK DEVELOPMENT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
FIJAK DEVELOPMENT files the abbreviated format. That format states no turnover. The gross margin fell from €74,036 in 2015 to -€12 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.5m | 1.5m | |
29/58 |
1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.5m | 1.5m | |
3 |
1.3m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.1m | |
30/36 |
1.3m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.1m | |
40/41 |
- | - | - | 34,740 | 42,740 | 42,437 | 43,437 | 43,437 | 30,045 | 157,019 | 149,758 | |
41 |
- | - | - | 34,740 | 42,740 | 42,437 | 43,437 | 43,437 | 30,045 | 157,019 | 149,758 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | 229,132 | |
54/58 |
10,777 | - | 15,983 | 4,040 | 4,845 | 4,609 | 6,735 | 12,489 | 6,021 | 65,475 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.2m | 1.5m | 1.5m | |
10/15 |
31,773 | 34,534 | 38,446 | 44,491 | 56,974 | 64,574 | 80,668 | 100,529 | 111,181 | 99,603 | 92,826 | |
10/11 |
60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | |
100 |
- | - | - | - | - | - | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | |
13 |
20,668 | 20,668 | 20,668 | 20,668 | 20,668 | 20,668 | 20,668 | 40,529 | 51,181 | 39,603 | 32,826 | |
130/1 |
- | - | - | 6,000 | 6,000 | 6,000 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
1311 |
- | - | - | 6,000 | 6,000 | 6,000 | - | - | - | - | - | |
133 |
20,668 | 20,668 | 20,668 | 14,668 | 14,668 | 14,668 | 14,668 | 34,529 | 45,181 | 33,603 | 26,826 | |
14 |
-48,895 | -46,134 | -42,222 | -36,177 | -23,694 | -16,094 | - | - | - | - | - | |
17/49 |
1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.1m | 1.4m | 1.4m | |
17 |
24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 15,000 | - | 261,000 | 201,000 | 252,000 | 246,000 | |
170/4 |
24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 15,000 | - | 261,000 | 201,000 | 252,000 | 246,000 | |
42/48 |
1.3m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 901,414 | 903,678 | 1.2m | 1.1m | |
43 |
900,000 | 900,077 | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 | 1.2m | 1.1m | |
430/8 |
900,000 | 900,077 | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 | 900,000 | 1.2m | 1.1m | |
44 |
- | 673 | - | - | 486 | - | 485 | 830 | 383 | - | 16,791 | |
440/4 |
- | 673 | - | - | 486 | - | 485 | 830 | 383 | - | 16,791 | |
45 |
- | - | - | - | - | - | - | 584 | 3,294 | 18,419 | 15,709 | |
450/3 |
- | - | - | - | - | - | - | 584 | 3,294 | 18,419 | 15,709 | |
47/48 |
376,860 | 343,160 | 302,760 | 283,000 | 279,000 | 279,000 | 279,000 | - | - | - | - | |
492/3 |
2,726 | 2,203 | 1,462 | 720 | - | 224 | - | 1,296 | 5,536 | 4,143 | 18,275 | |
| Income statement | ||||||||||||
9900 |
-12 | -917 | -2,967 | -1,060 | 7,300 | -1,023 | -733 | 13,987 | 42,764 | 39,696 | 74,036 | |
640/8 |
998 | 968 | 1,866 | 34 | 2,209 | 868 | 1,018 | 1,018 | 1,018 | 498 | 845 | |
9901 |
-1,010 | -1,884 | -4,834 | -1,094 | 5,092 | -1,891 | -1,751 | 12,969 | 41,746 | 39,198 | 73,191 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 326 | |
75 |
- | - | - | - | - | - | - | - | - | - | 326 | |
65/66B |
1,750 | 2,028 | 1,212 | 11,389 | 12,691 | 14,203 | 18,110 | 23,621 | 24,583 | 29,711 | 24,983 | |
65 |
1,750 | 2,028 | 1,212 | 11,389 | 12,691 | 14,203 | 18,110 | 23,621 | 24,583 | 29,711 | 24,983 | |
9903 |
-2,761 | -3,912 | -6,045 | -12,483 | -7,600 | -16,094 | -19,861 | -10,652 | 17,163 | 9,487 | 48,535 | |
67/77 |
- | - | - | - | - | - | - | - | 5,584 | 2,710 | 15,709 | |
9904 |
-2,761 | -3,912 | -6,045 | -12,483 | -7,600 | -16,094 | -19,861 | -10,652 | 11,579 | 6,777 | 32,826 | |
9905 |
-2,761 | -3,912 | -6,045 | -12,483 | -7,600 | -16,094 | -19,861 | -10,652 | 11,579 | 6,777 | 32,826 | |
| Appropriation of the result | ||||||||||||
9906 |
-48,895 | -46,134 | -42,222 | -36,177 | -23,694 | -16,094 | -19,861 | -10,652 | 11,579 | 6,777 | 32,826 | |
14P |
-46,134 | -42,222 | -36,177 | -23,694 | -16,094 | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | 19,861 | 10,652 | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 11,579 | 6,777 | 32,826 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 6,000 | |
6921 |
- | - | - | - | - | - | - | - | 11,579 | 6,777 | 26,826 | |
| Document | ||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-07-2026 | 2026-00311869 | |
| 31-12-2024 | abbreviated format | 08-09-2025 | 2025-00485868 | |
| 31-12-2023 | abbreviated format | 12-08-2024 | 2024-00340646 | |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00345034 | |
| 31-12-2021 | abbreviated format | 20-06-2022 | 2022-20086311 | |
| 31-12-2020 | abbreviated format | 18-08-2021 | 2021-49800156 | |
| 31-12-2019 | abbreviated format | 10-06-2020 | 2020-15800103 | |
| 31-12-2018 | abbreviated format | 12-06-2019 | 2019-17700233 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-54100028 | |
| 31-12-2016 | abbreviated format | 14-06-2017 | 2017-17400499 | |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-48600132 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | 11,943 | -805 | 235 | -2,126 | -5,755 | 6,469 | -59,455 | - | - | ||
| 58,499 | 60,737 | 63,907 | 69,211 | 80,974 | 79,798 | 80,668 | 362,826 | 317,718 | 355,746 | 357,100 | ||
| 2.4% | 2.6% | 3.0% | 3.6% | 4.5% | 5.1% | 6.4% | 8.0% | 9.1% | 6.5% | 6.4% | ||
| 1.05 | 1.05 | 1.05 | 1.06 | 1.07 | 1.07 | 1.07 | 1.40 | 1.35 | 1.30 | 1.32 | ||
| 0.01 | 0.00 | 0.01 | 0.03 | 0.04 | 0.04 | 0.04 | 0.06 | 0.04 | 0.19 | 0.34 | ||
| 41.03 | 36.78 | 31.95 | 27.15 | 21.12 | 18.49 | 14.62 | 11.58 | 9.99 | 14.38 | 14.74 | ||
| -8.7% | -11.3% | -15.7% | -28.1% | -13.3% | -24.9% | -24.6% | -10.6% | 10.4% | 6.8% | 35.4% | ||
| -0.2% | -0.3% | -0.5% | -1.0% | -0.6% | -1.3% | -1.6% | -0.8% | 0.9% | 0.4% | 2.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €1,010, smaller than the loss of €1,884 in 2024.
Debt's share of the balance-sheet total rises from 97.4% to 97.6%. Equity is lower and debt is higher.
Source: lists of holdings in the owners' accounts
FIJAK DEVELOPMENT has no parent and no holdings in its annual accounts.
| INGRA
registered office since 06-12-2012 · founded in 2012 |
total assets €4.9m (2025) 0501.803.467 |
| GRISTON
establishment since 04-09-1998 · founded in 1998 |
total assets €4.7m (2025) 0463.353.063 |
| FIJAK PROMOTIONS
registered office since 19-03-2014 · founded in 2014 · negative equity (2025) |
total assets €3.0m (2025) 0548.713.558 |
| Filas
registered office since 27-02-2007 · founded in 2007 |
total assets €3.0m (2025) 0887.531.489 |
| FIJAK PROJECTS
registered office since 24-08-2012 · founded in 2012 |
total assets €2.1m (2025) 0848.192.843 |
| Residentie Vallei Houtkauter
registered office since 01-02-2020 |
founded in 2020 0760.572.050 |
| BM FAS
registered office since 22-08-2012 |
founded in 2012 0722.975.444 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Bosstraat 99 registered office 1742 Ternat |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23071A0128/00B002 | 1,622 m² | 1 · 84 m² | 7.4 m · 2 |
If something looks wrong or is missing, please tell us.