FIRE COMPARTMENT SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of FIRE COMPARTMENT SERVICES is 9.1% (elevated). The 2025 annual accounts show negative equity (-€22,495) and a net result of -€39,746. Its solvency ranks better than 7% of 34,972 sector peers (NACE 43, financial year 2025). 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 27-07-2023 Normal situation
- Activity
- Joinery installation NACE 43320and 4 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.347.598.552 8530 Harelbeke, since 27-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2026
Board and ownership
- Demuynck ManagementDirector · permanent representative Mats Demuynck
Financial position
- Bankruptcy probabilitywithin 12 months
- 9.1%
- Gross margin
- €38,487
- ▼ 17.0%
- Turnover
- ≈ €230,000
- estimated
- Loss
- €39,746
- Equity
- -€22,495
- Total assets
- €150,576
- ▲ 39.5%
- Employees on 31-12-2025
- 1
- =
- Negative equity on 31-12-2025
- 2025 accounts filed 10 days after the deadline
Score breakdownraises risk2 changes of registered office in 24 monthsFounded in 2023Negative equity -€22,495lowers riskFigures for financial year 2025 (filed on 10-08-2026)Show the evidence
Checked score
About 9 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 6% of them on solvency, 5% on liquidity, 4% on profitability and 2% on growth.
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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 9 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 (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 10 days after the deadline Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00390351.
Annual accounts 2025 filed on 10-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €36,984, after a profit of €3,105 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| part-time | - | 0 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €42,987 | €8,077 |
| Intangible fixed assets | €13,080 | €1,150 |
| Financial fixed assets | €696 | €0 |
| Depreciation and write-downs of the year | €7,598 | €7,959 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €180 awarded · €180 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €34,516 | €51,845 | ▲ 50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,598 | €7,959 | ▲ 4.8% |
| Other operating charges640/8 | €1,154 | €8,026 | ▲ 595% |
| Non-recurring operating charges66A | - | €7,641 | - |
| Gross operating margin9900 | €46,373 | €38,487 | ▼ 17.0% |
| Operating profit (loss)9901 | €3,105 | -€36,984 | - |
| Financial income75/76B | €164 | €8 | ▼ 94.9% |
| Recurring financial income75 | €164 | €8 | ▼ 94.9% |
| Financial charges65/66B | €432 | €2,770 | ▲ 541% |
| Recurring financial charges65 | €432 | €2,770 | ▲ 541% |
| Profit (loss) for the period before taxes9903 | €2,837 | -€39,746 | - |
| Income taxes67/77 | €586 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2,250 | -€39,746 | - |
| Profit (loss) for the period to be appropriated9905 | €2,250 | -€39,746 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €107,961 | €150,576 | ▲ 39.5% |
| Fixed assets21/28 | €52,529 | €53,798 | ▲ 2.4% |
| Intangible fixed assets21 | €10,464 | €8,807 | ▼ 15.8% |
| Tangible fixed assets22/27 | €41,370 | €44,295 | ▲ 7.1% |
| Plant, machinery and equipment23 | €10,933 | €8,437 | ▼ 22.8% |
| Furniture and vehicles24 | €10,960 | €16,381 | ▲ 49.5% |
| Other tangible fixed assets26 | €19,477 | €19,477 | = |
| Financial fixed assets28 | €696 | €696 | = |
| Current assets29/58 | €55,431 | €96,778 | ▲ 74.6% |
| Stocks and contracts in progress3 | €13,250 | €10,300 | ▼ 22.3% |
| Stocks30/36 | €10,250 | €10,300 | ▲ 0.5% |
| Contracts in progress37 | €3,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €38,133 | €70,778 | ▲ 85.6% |
| Trade receivables40 | €32,966 | €58,226 | ▲ 76.6% |
| Other amounts receivable41 | €5,167 | €12,552 | ▲ 143% |
| Cash at bank and in hand54/58 | €2,308 | €8,331 | ▲ 261% |
| Deferred charges and accrued income490/1 | €1,740 | €7,369 | ▲ 323% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €107,961 | €150,576 | ▲ 39.5% |
| Equity10/15 | €17,250 | -€22,495 | - |
| Contributions10/11 | €15,000 | €15,000 | = |
| Reserves13 | €2,250 | €0 | ▼ 100% |
| Distributable reserves133 | €2,250 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | -€37,495 | - |
| Amounts payable17/49 | €90,710 | €173,071 | ▲ 90.8% |
| Amounts payable after more than one year17 | - | €28,601 | - |
| Financial debts170/4 | - | €28,601 | - |
| Amounts payable within one year42/48 | €90,710 | €144,470 | ▲ 59.3% |
| Current portion of amounts payable after more than one year42 | - | €6,399 | - |
| Financial debts43 | €1,058 | €14,514 | ▲ 14× |
| Credit institutions430/8 | €1,058 | €14,514 | ▲ 14× |
| Trade debts44 | €29,916 | €74,581 | ▲ 149% |
| Suppliers440/4 | €29,916 | €74,581 | ▲ 149% |
| Advances received on contracts in progress46 | - | €1,000 | - |
| Taxes, remuneration and social security45 | €8,078 | €7,961 | ▼ 1.4% |
| Taxes450/3 | €4,942 | €6,322 | ▲ 27.9% |
| Remuneration and social security454/9 | €3,135 | €1,639 | ▼ 47.7% |
| Other amounts payable47/48 | €51,658 | €40,016 | ▼ 22.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,250 | -€39,746 | - |
| + Depreciation and write-downs630 | €7,598 | €7,959 | ▲ 4.8% |
| Operating cash flow (approximation) | €9,848 | -€31,786 | - |
| Investment in fixed assets (approximation) | - | -€9,227 | - |
| Change in cash | - | €6,023 | - |
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, 7,639 companies had the same profile as FIRE COMPARTMENT SERVICES has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FIRE COMPARTMENT SERVICES itself: 9.1% within 12 months.
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 7,639 companies, not a prediction for FIRE COMPARTMENT SERVICES. 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.
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
- VERSTRAETE Bert Albert Irene founder
- KPO SOLUTIONS (BE 0840.306.545) founder
Capital transactions
- 31-07-2023 Incorporation · €15,000 · 300 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Demuynck Management |
|
| Debouver Gilles |
|
| KPO SOLUTIONS |
|
| Bert VERSTRAETE |
|
| VERSTRAETE Bert Albert Irene |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, 1”
Articles of association, deed of 31-07-2023 (in Dutch)
Network & group
Companies at the same address
4 other companiesConnections & network
3 connected companiesTimeline
Acts, filings and financial milestones
22-10
Gazette deed
Registered office moved from Nazareth-De Pinte to HarelbekeNew seat: Berkenlaan 99a, 8530 Harelbeke · Previous seat: Kouter 7, 9810 Nazareth-De Pinte (Nazareth) · Appointment: Demuynck Management (director)7 points ▸
- Other provision, “Niet-statutaire wijzigingen, aard van wijzigingen” (deed in Dutch)
- General meeting, 01-10-2026
- Registered-office move, Berkenlaan 99a,8530 Harelbeke
- Director appointment, Demuynck Management (director)
- Permanent representative, Mats Demuynck
- Director resignation, Debouver Gilles (director)
- Permanent representative, Gilles Debouver
10-03
Gazette deed
Registered office moved from leper to Nazareth-De PinteNew seat: Kouter 7 te 9810 Nazareth-De Pinte · Previous seat: Kruiskalsijdestraat 6 bus 2 te 8900 leper · Resignation: KPO SOLUTIONS BV (director)7 points ▸
- General meeting, 15-01-2025
- Director resignation, KPO SOLUTIONS BV (director)
- Director discharge, KPO SOLUTIONS BV
- Director appointment, Debouver Gilles BV (director)
- Permanent representative, Pottie Koen
- Permanent representative, Debouver Gilles
- Registered-office move, Kouter 7 te 9810 Nazareth-De Pinte
10-05
Gazette deed
Resignation: Bert VERSTRAETE (director)Director discharge3 points ▸
- General meeting, 05-04-2024
- Director resignation, Bert VERSTRAETE (director (not named in the articles))
- Director discharge, Bert VERSTRAETE
31-07
Gazette deed
IncorporationStarting capital €15,000 · Appointments: VERSTRAETE Bert Albert Irene (director) and KPO SOLUTIONS (director) · Permanent representative: POTTIE Koen · Founder16 points ▸
- Founder, VERSTRAETE Bert Albert Irene
- Founder, KPO SOLUTIONS
- Incorporation, “FIRE COMPARTMENT SERVICES” (deed in Dutch)
- Bank account, 15000, EUR
- Declaration, “bevestiging deponering inbreng in speciën, bankattest” (deed in Dutch)
- Founding capital, €15,000
- Share issue, 300, “vergoeding voor inbrengen” (deed in Dutch)
- Other provision, “statutaire beschikbare eigen vermogensrekening, beschikt over beschikbare rekening” (deed in Dutch)
- Registered office clause, “8900 Ieper,Kruiskalsijdestraat 6 bus 2” (deed in Dutch)
- Pre-incorporation commitments, “takeover, Ondernemingsrechtbank” (deed in Dutch)
- Pre-incorporation commitments, ratification, “verbintenissen tussen verlijden oprichtingsakte en deponering ter griffie” (deed in Dutch)
- Board rule, 2
- The act holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
FIRE COMPARTMENT SERVICES was incorporated on 27 July 2023 as a private limited company by KPO SOLUTIONS and one natural person, with a starting capital of €15,000.12 The registered office moved to Nazareth-De Pinte in 2025 and to Harelbeke in 2026.34 Demuynck Management is director of the company, appointed in the act of 22-10-2026.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- 9810 Nazareth-De Pinte (Nazareth) until 01-10-2026 · act of 22-10-2026
- Kruiskalsijdestraat 6 bus 2, 8900 leper until 15-01-2025 · act of 10-03-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
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 0804.329.641
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34322B0428/00T000 | Flanders | 2,464 m² | 1 · 1,220 m² | 9.3 m |
| 34322B0428/00V000 | Flanders | 773 m² | - | - |