Fijavan
ActiveSummary
Fijavan has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,695 and a net result of -€11,556. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 74% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency94▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.4 against 3.53 in 2024; short-term debt: 30.8% and cash: 30.7% of total assets), and 30.8% 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
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 →
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
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
69.2%
Return on assets
-14.6%
Age of the figures
9 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
1819202122232425
2018 to 2025 · latest year -€11,556
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
2 d early
2022
31 d late
2021
31 d late
2020
61 d late
2019
35 d late
← 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 21 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,695▼ 17.4%
2024 · €66,251
Total assets
€79,002▼ 6.8%
2024 · €84,754
Net result
-€11,556▲ 5.5%
2024 · -€12,235
Working capital
€34,011▼ 27.2%
2024 · €46,741
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,184▼ 1,234%-€8,509▼ 4.0%-€8,299▲ 2.5%-€10,412▼ 25.5%-€8,168▲ 21.5%
Net result-€12,610below the sector's middle half▼ 455%-€8,235below the sector's middle half▲ 34.7%-€7,799below the sector's middle half▲ 5.3%-€12,235below the sector's middle half▼ 56.9%-€11,556below the sector's middle half▲ 5.5%
Equity€94,519within the sector's middle half▼ 12.4%€86,284within the sector's middle half▼ 8.7%€78,485within the sector's middle half▼ 9.0%€66,251within the sector's middle half▼ 15.6%€54,695within the sector's middle half▼ 17.4%
Total assets€143,804within the sector's middle half▲ 0.5%€138,645within the sector's middle half▼ 3.6%€104,362within the sector's middle half▼ 24.7%€84,754within the sector's middle half▼ 18.8%€79,002within the sector's middle half▼ 6.8%
Debt€49,286▲ 40.3%€52,361▲ 6.2%€25,877▼ 50.6%€18,503▼ 28.5%€24,307▲ 31.4%
Working capital€64,587within the sector's middle half▼ 9.1%€62,950within the sector's middle half▼ 2.5%€52,842within the sector's middle half▼ 16.1%€46,741within the sector's middle half▼ 11.5%€34,011within the sector's middle half▼ 27.2%
Solvency65.7%above the sector's middle half▼ 9.7pp62.2%within the sector's middle half▼ 3.5pp75.2%above the sector's middle half▲ 13.0pp78.2%above the sector's middle half▲ 3.0pp69.2%within the sector's middle half▼ 8.9pp
Current ratio2.31within the sector's middle half▼ 0.712.20within the sector's middle half▼ 0.113.04within the sector's middle half▲ 0.843.53above the sector's middle half▲ 0.482.40within the sector's middle half▼ 1.13
Return on assets (ROA)-8.8%below the sector's middle half▼ 7.2pp-5.9%below the sector's middle half▲ 2.8pp-7.5%below the sector's middle half▼ 1.5pp-14.4%below the sector's middle half▼ 7.0pp-14.6%below the sector's middle half▼ 0.2pp
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 €8,168 in 2025 against €10,412 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,002
Fixed assets
€20,684 ▲ 6.0%
Current assets
€58,318 ▼ 10.6%
Equity and liabilities €79,002
Equity
€54,695 ▼ 17.4%
Debt
€24,307 ▲ 31.4%
Debt's share of the balance-sheet total rises from 21.8% to 30.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,491▲
2024 · -€3,721
Cash flow
-€4,879▲
2024 · -€5,544
Quick ratio
2.02▼
2024 · 3.02
Debt to equity
0.44▲
2024 · 0.28
ROE
-21.1%▼
2024 · -18.5%
Interest coverage
-0.44▲
2024 · -1.67
Debt ≤ 1 year
€24,307▲
2024 · €18,503
Income taxes
€150▼
2024 · €206
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,836 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 | €9,767 | €6,598 | €7,631 | €6,691 | €6,677 | ▼ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €13,989 | €0 | - | - |
| Other operating charges640/8 | €4,653 | €5,471 | €2,161 | €1,537 | €2,053 | ▲ 33.5% |
| Gross operating margin9900 | €6,236 | €3,560 | €15,482 | -€2,183 | €562 | ▲ 126% |
| Operating profit (loss)9901 | -€8,184 | -€8,509 | -€8,299 | -€10,412 | -€8,168 | ▲ 21.5% |
| Financial income75/76B | €1,251 | €1,136 | €1,238 | €616 | €167 | ▼ 72.8% |
| Recurring financial income75 | €1,251 | €1,136 | €1,238 | €616 | €167 | ▼ 72.8% |
| Financial charges65/66B | €724 | €626 | €520 | €2,233 | €3,405 | ▲ 52.5% |
| Recurring financial charges65 | €724 | €626 | €520 | €2,233 | €3,405 | ▲ 52.5% |
| Profit (loss) for the period before taxes9903 | -€7,658 | -€7,999 | -€7,580 | -€12,028 | -€11,406 | ▲ 5.2% |
| Income taxes67/77 | €4,952 | €235 | €219 | €206 | €150 | ▼ 27.5% |
| Profit (loss) for the period9904 | -€12,610 | -€8,235 | -€7,799 | -€12,235 | -€11,556 | ▲ 5.5% |
| Transfer from tax-exempt reserves789 | €23,490 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,880 | -€8,235 | -€7,799 | -€12,235 | -€11,556 | ▲ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,804 | €138,645 | €104,362 | €84,754 | €79,002 | ▼ 6.8% |
| Fixed assets21/28 | €29,932 | €23,334 | €25,644 | €19,510 | €20,684 | ▲ 6.0% |
| Tangible fixed assets22/27 | €29,932 | €23,334 | €25,644 | €19,510 | €20,684 | ▲ 6.0% |
| Plant, machinery and equipment23 | €29,932 | €23,334 | €20,632 | €19,510 | €20,684 | ▲ 6.0% |
| Furniture and vehicles24 | - | - | €5,011 | €0 | - | - |
| Current assets29/58 | €113,873 | €115,311 | €78,719 | €65,244 | €58,318 | ▼ 10.6% |
| Amounts receivable after more than one year29 | €39,200 | €30,000 | €12,500 | €0 | - | - |
| Other amounts receivable291 | €39,200 | €30,000 | €12,500 | €0 | - | - |
| Stocks and contracts in progress3 | - | - | €16,800 | €9,300 | €9,300 | = |
| Contracts in progress37 | - | - | €16,800 | €9,300 | €9,300 | = |
| Amounts receivable within one year40/41 | €53,281 | €47,720 | €31,827 | €28,723 | €24,156 | ▼ 15.9% |
| Trade receivables40 | €49,036 | €39,323 | €26,269 | €22,373 | €18,875 | ▼ 15.6% |
| Other amounts receivable41 | €4,245 | €8,398 | €5,557 | €6,350 | €5,281 | ▼ 16.8% |
| Cash at bank and in hand54/58 | €20,857 | €34,605 | €13,964 | €26,006 | €24,231 | ▼ 6.8% |
| Deferred charges and accrued income490/1 | €534 | €2,986 | €3,627 | €1,215 | €631 | ▼ 48.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,804 | €138,645 | €104,362 | €84,754 | €79,002 | ▼ 6.8% |
| Equity10/15 | €94,519 | €86,284 | €78,485 | €66,251 | €54,695 | ▼ 17.4% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €56,829 | €56,829 | €56,829 | €54,974 | €54,974 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | €54,974 | €54,974 | €54,974 | €54,974 | €54,974 | = |
| Profit (loss) carried forward14 | €19,139 | €10,905 | €3,106 | -€7,274 | -€18,830 | ▼ 159% |
| Amounts payable17/49 | €49,286 | €52,361 | €25,877 | €18,503 | €24,307 | ▲ 31.4% |
| Amounts payable within one year42/48 | €49,286 | €52,361 | €25,877 | €18,503 | €24,307 | ▲ 31.4% |
| Trade debts44 | €31,765 | €29,404 | €20,488 | €16,299 | €4,893 | ▼ 70.0% |
| Suppliers440/4 | €31,765 | €29,404 | €20,488 | €16,299 | €4,893 | ▼ 70.0% |
| Advances received on contracts in progress46 | €5,138 | €11,398 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €11,265 | €7,664 | €5,101 | €319 | €307 | ▼ 3.6% |
| Taxes450/3 | €10,005 | €7,664 | €5,101 | €319 | €307 | ▼ 3.6% |
| Remuneration and social security454/9 | €1,260 | €0 | - | - | - | - |
| Other amounts payable47/48 | €1,117 | €3,895 | €288 | €1,885 | €19,107 | ▲ 913% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,610 | -€8,235 | -€7,799 | -€12,235 | -€11,556 | ▲ 5.5% |
| + Depreciation and write-downs630 | €9,767 | €6,598 | €7,631 | €6,691 | €6,677 | ▼ 0.2% |
| Operating cash flow (approximation) | -€2,843 | -€1,637 | -€168 | -€5,544 | -€4,879 | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | €0 | -€9,940 | -€557 | -€7,851 | ▼ 1,310% |
| Change in cash | - | €13,748 | -€20,640 | €12,041 | -€1,774 | ▼ 115% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€12,610
Net result drops to -€12,610, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ichtegem · 1 establishment unit since 2007
Ground area
2,046 m²
Building footprint
676 m²
Volume, LiDAR
2,955 m³
Parcel 35003C0302/00E000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Fijavan
since 20072.160.364.105
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003C0302/00E000 | Flanders | 2,046 m² | 1 · 676 m² | 6.3 m · 1 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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,459 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
Founded30-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879161676
Also
9925:BE0879161676
Registered
30-08-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.