FIPA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FIPA CONSTRUCT is 3.9% (moderate). The 2024 annual accounts show equity of €50,287 and a net result of €50,287. Its solvency ranks better than 59% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-09-2023 Normal situation
- Activity
- Roofing work NACE 43410and 1 other
- Establishment unit
- 2.350.475.393 1020 Brussel, since 25-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.9%
- Gross margin
- €91,324
- Turnover
- ≈ €390,000
- estimated
- Profit
- €50,287
- Equity
- €50,287
- Total assets
- €92,365
- Staff
- ≈ 0.5 FTE
- estimated
- 2024 accounts filed 60 days after the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 29-09-2025)Founded in 20231 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 1 of the last 3 accounts lateSize: total assets €92,365Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 59% of them on solvency, 59% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its 2024 accounts 60 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2024 annual accounts filed 60 days after the deadline Filed on 29 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00510127.
Annual accounts 2024 filed on 29-09-2025 PDF
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 |
|---|---|
| Tangible fixed assets | €20,630 |
| Depreciation and write-downs of the year | €6,971 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
| Line | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €17,371 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,971 |
| Other operating charges640/8 | €1,325 |
| Gross operating margin9900 | €91,324 |
| Operating profit (loss)9901 | €65,657 |
| Financial income75/76B | €5 |
| Recurring financial income75 | €5 |
| Financial charges65/66B | €2,195 |
| Recurring financial charges65 | €2,195 |
| Profit (loss) for the period before taxes9903 | €63,467 |
| Income taxes67/77 | €13,180 |
| Profit (loss) for the period9904 | €50,287 |
| Profit (loss) for the period to be appropriated9905 | €50,287 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €92,365 | |
| Fixed assets21/28 | €13,659 | |
| Tangible fixed assets22/27 | €13,659 | |
| Plant, machinery and equipment23 | €5,367 | |
| Furniture and vehicles24 | €8,293 | |
| Current assets29/58 | €78,705 | |
| Amounts receivable within one year40/41 | €53,446 | |
| Trade receivables40 | €53,402 | |
| Other amounts receivable41 | €44 | |
| Cash at bank and in hand54/58 | €24,475 | |
| Deferred charges and accrued income490/1 | €784 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €92,365 | |
| Equity10/15 | €50,287 | |
| Profit (loss) carried forward14 | €50,287 | |
| Amounts payable17/49 | €42,078 | |
| Amounts payable within one year42/48 | €42,078 | |
| Trade debts44 | €22,401 | |
| Suppliers440/4 | €22,401 | |
| Taxes, remuneration and social security45 | €19,677 | |
| Taxes450/3 | €15,196 | |
| Remuneration and social security454/9 | €4,481 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €50,287 |
| + Depreciation and write-downs630 | €6,971 |
| Operating cash flow (approximation) | €57,258 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as FIPA CONSTRUCT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FIPA CONSTRUCT itself is higher: 3.9% within 12 months. It rests on far more data about FIPA CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for FIPA CONSTRUCT. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00510127 |
Board & ownership
Directors
Owners and capital
Shareholders
- PAJAZITAJ Fitim 100 shares (100%) · €10,000
Capital transactions
- 27-09-2023 Incorporation · €10,000 · 100 shares
Mandate history
- Board
- end not dated
| Name | Functions and periods |
|---|---|
| PAJAZITAJ Fitm |
|
| PAJAZITAJ Fitim |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 27-09-2023 (in French)
Network & group
FIPA CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FIPA CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-09
Gazette deed
IncorporationStarting capital €10,000 · Appointment: PAJAZITAJ Fitim (director) · Founder12 points ▸
- Incorporation, “FIPA CONSTRUCT” (deed in French)
- Founder, PAJAZITAJ Fitim
- Founding capital, €10,000
- Other provision, “plan_financier_et_responsabilité_fondateurs”, 20-09-2023 (deed in French)
- Capital
- Other provision, “effectivité des dispositions finales et transitoires, conformément à la loi” (deed in French)
- Registered office clause, “1020 Laeken, avenue du Forum 18” (deed in French)
- Board rule, 1
- Director appointment, PAJAZITAJ Fitim (director (not named in the articles))
- Other provision, 21-09-2023
- Other provision, “représentant permanent, acceptation de mandats d'administrateur non envisagée” (deed in French)
- Pre-incorporation commitments, “takeover, tous engagements,obligations et activités entrepris au nom et pour compte de la société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
2 activities
- Toute activité et prestation de service ayant un lien direct ou indirect avec la construction et la rénovation et,notamment en ce qui concerne les toitures et maçonneries telles que les activités de travaux de couverture,d‘isolation,et de restauration de bâtiments.
- L’entreprise générale de bâtiment,peinture,électricité,toiture,la domotique,l’installation de sanitaires,la zinguerie,la plomberie,la tuyauterie industrielle,le cloisonnage,la pose de parquets et de châssis,l’enlèvement de cheminée,le conditionnement d’air,la climatisation,le coffrage,les revêtements de sols,l’ébénisterie,l’installation et la fabrication de mobilier,de salles de bains et de faux plafonds,la décoration et l’ameublement intérieur,la rénovation,l’aménagement intérieur et extérieur.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1000.253.805
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21818A0182/00R000 | Brussels | 937 m² | 1 · 136 m² | 10.8 m · 2 |