FILGRO
ActiveSummary
FILGRO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,658 and a net result of €5,698. Equity is growing by ~42.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-40
Solvency51▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.37 in 2024; short-term debt: 67.3% of total assets), and 73.8% of the assets are financed with debt.
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-11-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
12 d late
2023
on the day
2022
31 d early
2021
3 d late
2020
1 d early
2019
on the day
← 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 1 day 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 3 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€37,658▲ 17.8%
2024 · €31,960
Total assets
€143,977▼ 6.6%
2024 · €154,209
Net result
€5,698▼ 58.1%
2024 · €13,605
Working capital
€43,959▲ 8.9%
2024 · €40,371
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,743€8,646▼ 77.1%€23,052▲ 167%€15,713▼ 31.8%€3,621▼ 77.0%
Net result€30,553above the sector's middle half€8,016within the sector's middle half▼ 73.8%€22,881within the sector's middle half▲ 185%€13,605within the sector's middle half▼ 40.5%€5,698within the sector's middle half▼ 58.1%
Equity-€12,542below the sector's middle half▲ 70.9%-€4,526below the sector's middle half▲ 63.9%€18,355below the sector's middle half€31,960within the sector's middle half▲ 74.1%€37,658within the sector's middle half▲ 17.8%
Total assets€112,158within the sector's middle half▲ 30.7%€129,346within the sector's middle half▲ 15.3%€135,300within the sector's middle half▲ 4.6%€154,209within the sector's middle half▲ 14.0%€143,977within the sector's middle half▼ 6.6%
Debt€124,700▼ 3.3%€133,872▲ 7.4%€116,945▼ 12.6%€122,248▲ 4.5%€106,319▼ 13.0%
Working capital-€17,918below the sector's middle half▲ 66.4%-€6,565below the sector's middle half▲ 63.4%€34,691within the sector's middle half€40,371within the sector's middle half▲ 16.4%€43,959within the sector's middle half▲ 8.9%
Solvency-11.2%below the sector's middle half▲ 39.0pp-3.5%below the sector's middle half▲ 7.7pp13.6%below the sector's middle half▲ 17.1pp20.7%below the sector's middle half▲ 7.2pp26.2%within the sector's middle half▲ 5.4pp
Current ratio0.84below the sector's middle half▲ 0.300.95below the sector's middle half▲ 0.111.35within the sector's middle half▲ 0.401.37within the sector's middle half▲ 0.021.45within the sector's middle half▲ 0.08
Return on assets (ROA)27.2%above the sector's middle half▲ 248.2pp6.2%within the sector's middle half▼ 21.0pp16.9%within the sector's middle half▲ 10.7pp8.8%within the sector's middle half▼ 8.1pp4.0%within the sector's middle half▼ 4.9pp
Staff (FTE)1▲ 233%1=
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 has fallen two years in a row; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,977
Fixed assets
€3,133 ▼ 30.5%
Current assets
€140,844 ▼ 5.9%
Equity and liabilities €143,977
Equity
€37,658 ▲ 17.8%
Debt
€106,319 ▼ 13.0%
Debt's share of the balance-sheet total falls from 79.3% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,994▼
2024 · €16,545
Cash flow
€7,071▼
2024 · €14,438
Debt to equity
2.82▼
2024 · 3.83
ROE
15.1%▼
2024 · 42.6%
Interest coverage
1.34▼
2024 · 5.37
Debt ≤ 1 year
€96,885▼
2024 · €109,331
Debt > 1 year
€9,434▼
2024 · €12,917
Income taxes
€2,849▼
2024 · €6,145
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 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% | 1.8% |
| 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 3,984 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €17,582 | €13,892 | €1,135 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,889 | €6,889 | €4,200 | €833 | €1,373 | ▲ 64.9% |
| Other operating charges640/8 | - | €742 | €3,288 | €1,995 | €972 | ▼ 51.3% |
| Gross operating margin9900 | €58,264 | €33,859 | €44,431 | €19,675 | €5,965 | ▼ 69.7% |
| Operating profit (loss)9901 | €37,743 | €8,646 | €23,052 | €15,713 | €3,621 | ▼ 77.0% |
| Financial income75/76B | - | €5,888 | €11,369 | €7,120 | €8,644 | ▲ 21.4% |
| Recurring financial income75 | €6,627 | €5,888 | €7,822 | €7,120 | €8,644 | ▲ 21.4% |
| Non-recurring financial income76B | - | - | €3,548 | - | - | - |
| Financial charges65/66B | - | €2,844 | €2,135 | €3,082 | €3,718 | ▲ 20.6% |
| Recurring financial charges65 | €1,813 | €2,844 | €2,135 | €3,082 | €3,718 | ▲ 20.6% |
| Profit (loss) for the period before taxes9903 | €42,557 | €11,690 | €32,286 | €19,750 | €8,547 | ▼ 56.7% |
| Income taxes67/77 | €12,005 | €3,674 | €9,405 | €6,145 | €2,849 | ▼ 53.6% |
| Profit (loss) for the period9904 | €30,553 | €8,016 | €22,881 | €13,605 | €5,698 | ▼ 58.1% |
| Profit (loss) for the period to be appropriated9905 | €30,553 | €8,016 | €22,881 | €13,605 | €5,698 | ▼ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,158 | €129,346 | €135,300 | €154,209 | €143,977 | ▼ 6.6% |
| Fixed assets21/28 | €17,270 | €10,757 | €1,179 | €4,506 | €3,133 | ▼ 30.5% |
| Tangible fixed assets22/27 | €16,467 | €9,578 | - | €3,327 | €1,955 | ▼ 41.3% |
| Plant, machinery and equipment23 | - | - | - | €3,327 | €1,955 | ▼ 41.3% |
| Furniture and vehicles24 | - | €9,578 | - | - | - | - |
| Financial fixed assets28 | €804 | €1,179 | €1,179 | €1,179 | €1,179 | = |
| Current assets29/58 | €94,888 | €118,589 | €134,121 | €149,703 | €140,844 | ▼ 5.9% |
| Amounts receivable within one year40/41 | €85,641 | €118,432 | €134,121 | €149,703 | €140,844 | ▼ 5.9% |
| Trade receivables40 | - | €12,244 | €14,489 | €3,142 | €1,842 | ▼ 41.4% |
| Other amounts receivable41 | - | €106,187 | €119,632 | €146,561 | €139,002 | ▼ 5.2% |
| Cash at bank and in hand54/58 | €9,246 | €158 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,158 | €129,346 | €135,300 | €154,209 | €143,977 | ▼ 6.6% |
| Equity10/15 | -€12,542 | -€4,526 | €18,355 | €31,960 | €37,658 | ▲ 17.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €122,883 | €122,883 | €122,883 | €122,883 | €122,883 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €1,583 | €1,583 | €1,583 | €1,583 | = |
| Distributable reserves133 | - | €119,440 | €119,440 | €119,440 | €119,440 | = |
| Profit (loss) carried forward14 | -€154,025 | -€146,009 | -€123,128 | -€109,523 | -€103,825 | ▲ 5.2% |
| Amounts payable17/49 | €124,700 | €133,872 | €116,945 | €122,248 | €106,319 | ▼ 13.0% |
| Amounts payable after more than one year17 | €11,049 | €8,718 | €17,515 | €12,917 | €9,434 | ▼ 27.0% |
| Financial debts170/4 | - | €8,718 | €17,515 | €12,917 | €9,434 | ▼ 27.0% |
| Amounts payable within one year42/48 | €112,806 | €125,154 | €99,430 | €109,331 | €96,885 | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | - | €14,098 | €10,019 | €8,435 | €4,853 | ▼ 42.5% |
| Financial debts43 | - | €16,403 | €12,762 | €9,494 | €9,810 | ▲ 3.3% |
| Credit institutions430/8 | - | €16,403 | €12,762 | €9,494 | €9,810 | ▲ 3.3% |
| Trade debts44 | €15,108 | €38,272 | €29,695 | €38,189 | €25,846 | ▼ 32.3% |
| Suppliers440/4 | - | €38,272 | €29,695 | €38,189 | €25,846 | ▼ 32.3% |
| Taxes, remuneration and social security45 | - | €1,689 | €2,922 | €5,826 | €8,964 | ▲ 53.9% |
| Taxes450/3 | - | - | €1,046 | €5,826 | €8,964 | ▲ 53.9% |
| Remuneration and social security454/9 | - | €1,689 | €1,876 | - | - | - |
| Other amounts payable47/48 | - | €54,692 | €44,031 | €47,387 | €47,412 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,553 | €8,016 | €22,881 | €13,605 | €5,698 | ▼ 58.1% |
| + Depreciation and write-downs630 | €6,889 | €6,889 | €4,200 | €833 | €1,373 | ▲ 64.9% |
| Operating cash flow (approximation) | €37,442 | €14,905 | €27,081 | €14,438 | €7,071 | ▼ 51.0% |
| Investment in fixed assets (approximation) | - | -€375 | €5,378 | -€4,160 | €0 | ▲ 100% |
| Change in cash | - | -€9,088 | - | - | - | - |
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
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial
Back to profitnet €30,553
Net result €30,553 after one loss-making year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€189,696
Net result drops to -€189,696, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Harelbeke · 1 establishment unit since 2001
Ground area
1,125 m²
Building footprint
221 m²
Volume, LiDAR
3,140 m³
Parcel 34323D1419/00R000, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Gaversstraat 3, 8530 Harelbeke
since 20012.131.994.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1419/00R000 | Flanders | 1,125 m² | 1 · 221 m² | 17.4 m · 5 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 8,459 companies in sector 43120 we hold annual accounts for 3,234. 2,369 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
Founded16-03-2001
Fiscal year end31-03
Activities, NACEBEL 2025
43120Site preparation
43310Plastering work
43320Joinery installation
43332Laying of wooden floor and wall coverings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474356031
Also
9925:BE0474356031
Registered
03-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.