FIXES
ActiveSummary
The computed 12-month bankruptcy probability of FIXES is 2.6% (moderate). The annual accounts of FIXES for fiscal year 2025 show a net loss of 65% of total assets and of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €7,901 and a net result of -€8,429. Equity is shrinking by ~25.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 69% of 7564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency86▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.44 against 5.29 in 2024; short-term debt: 38.7% and cash: 88.8% of total assets), and 38.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
61.3%
Return on assets
-65.4%
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
202122232425
2020 to 2025 · latest year -€8,429
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 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
21 d early
2023
14 d early
2022
28 d late
2021
30 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€7,901▼ 51.6%
2024 · €16,330
Total assets
€12,887▼ 34.0%
2024 · €19,512
Net result
-€8,429▲ 37.6%
2024 · -€13,503
Working capital
€7,157▼ 47.5%
2024 · €13,641
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,539▲ 361%€8,583▼ 75.2%-€10,439-€13,387▼ 28.2%-€8,325▲ 37.8%
Net result€27,624▲ 392%€6,945▼ 74.9%-€10,555-€13,503▼ 27.9%-€8,429▲ 37.6%
Equity€34,244▲ 417%€40,389▲ 17.9%€29,833▼ 26.1%€16,330▼ 45.3%€7,901▼ 51.6%
Total assets€56,706▲ 191%€61,345▲ 8.2%€36,356▼ 40.7%€19,512▼ 46.3%€12,887▼ 34.0%
Debt€22,462▲ 74.7%€20,957▼ 6.7%€6,523▼ 68.9%€3,182▼ 51.2%€4,986▲ 56.7%
Working capital€25,073€31,678▲ 26.3%€23,753▼ 25.0%€13,641▼ 42.6%€7,157▼ 47.5%
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 €8,325 in 2025 against €13,387 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,887
Fixed assets
€744 ▼ 72.3%
Current assets
€12,143 ▼ 27.8%
Equity and liabilities €12,887
Equity
€7,901 ▼ 51.6%
Debt
€4,986 ▲ 56.7%
Debt's share of the balance-sheet total rises from 16.3% to 38.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,379▲
2024 · -€9,996
Cash flow
-€6,483▲
2024 · -€10,113
Current ratio
2.44▼
2024 · 5.29
Debt to equity
0.63▲
2024 · 0.19
ROE
-106.7%▼
2024 · -82.7%
ROA
-65.4%▲
2024 · -69.2%
Interest coverage
-61.10▲
2024 · -78.22
Debt ≤ 1 year
€4,986▲
2024 · €3,182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,058 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% | 1.6% |
| 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 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 3,595 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 | €3,291 | €4,953 | €5,407 | €3,390 | €1,946 | ▼ 42.6% |
| Other operating charges640/8 | €148 | €145 | €129 | €479 | €787 | ▲ 64.2% |
| Gross operating margin9900 | €37,979 | €13,681 | -€4,903 | -€9,517 | -€5,592 | ▲ 41.2% |
| Operating profit (loss)9901 | €34,539 | €8,583 | -€10,439 | -€13,387 | -€8,325 | ▲ 37.8% |
| Financial income75/76B | - | €1 | €0 | €11 | €0 | ▼ 100% |
| Recurring financial income75 | - | €1 | €0 | €11 | €0 | ▼ 100% |
| Financial charges65/66B | €65 | €136 | €117 | €128 | €104 | ▼ 18.3% |
| Recurring financial charges65 | €65 | €136 | €117 | €128 | €104 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €34,474 | €8,447 | -€10,555 | -€13,503 | -€8,429 | ▲ 37.6% |
| Income taxes67/77 | €6,850 | €1,503 | €0 | - | - | - |
| Profit (loss) for the period9904 | €27,624 | €6,945 | -€10,555 | -€13,503 | -€8,429 | ▲ 37.6% |
| Profit (loss) for the period to be appropriated9905 | €27,624 | €6,945 | -€10,555 | -€13,503 | -€8,429 | ▲ 37.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,706 | €61,345 | €36,356 | €19,512 | €12,887 | ▼ 34.0% |
| Fixed assets21/28 | €9,171 | €8,711 | €6,080 | €2,690 | €744 | ▼ 72.3% |
| Tangible fixed assets22/27 | €9,171 | €8,711 | €6,080 | €2,690 | €744 | ▼ 72.3% |
| Plant, machinery and equipment23 | €2,582 | €4,744 | €3,478 | €1,334 | €492 | ▼ 63.1% |
| Furniture and vehicles24 | €6,589 | €3,967 | €2,602 | €1,356 | €252 | ▼ 81.4% |
| Current assets29/58 | €47,535 | €52,635 | €30,276 | €16,823 | €12,143 | ▼ 27.8% |
| Amounts receivable within one year40/41 | €5,473 | €3,165 | €490 | €1,582 | €698 | ▼ 55.9% |
| Trade receivables40 | €4,598 | - | - | €294 | €0 | ▼ 100% |
| Other amounts receivable41 | €875 | €3,165 | €490 | €1,288 | €698 | ▼ 45.8% |
| Cash at bank and in hand54/58 | €41,312 | €48,693 | €29,707 | €15,240 | €11,446 | ▼ 24.9% |
| Deferred charges and accrued income490/1 | €750 | €777 | €79 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,706 | €61,345 | €36,356 | €19,512 | €12,887 | ▼ 34.0% |
| Equity10/15 | €34,244 | €40,389 | €29,833 | €16,330 | €7,901 | ▼ 51.6% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €33,244 | €39,389 | €28,833 | €15,330 | €6,901 | ▼ 55.0% |
| Distributable reserves133 | €33,244 | €39,389 | €28,833 | €15,330 | €6,901 | ▼ 55.0% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €22,462 | €20,957 | €6,523 | €3,182 | €4,986 | ▲ 56.7% |
| Amounts payable within one year42/48 | €22,462 | €20,957 | €6,523 | €3,182 | €4,986 | ▲ 56.7% |
| Trade debts44 | €282 | €854 | €236 | €197 | €393 | ▲ 99.3% |
| Suppliers440/4 | €282 | €854 | €236 | €197 | €393 | ▲ 99.3% |
| Taxes, remuneration and social security45 | €8,426 | €7,115 | €37 | €814 | €1,176 | ▲ 44.5% |
| Taxes450/3 | €8,426 | €7,115 | €37 | €814 | €1,176 | ▲ 44.5% |
| Other amounts payable47/48 | €13,754 | €12,988 | €6,249 | €2,171 | €3,418 | ▲ 57.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,624 | €6,945 | -€10,555 | -€13,503 | -€8,429 | ▲ 37.6% |
| + Depreciation and write-downs630 | €3,291 | €4,953 | €5,407 | €3,390 | €1,946 | ▼ 42.6% |
| Operating cash flow (approximation) | €30,915 | €11,898 | -€5,149 | -€10,113 | -€6,483 | ▲ 35.9% |
| Investment in fixed assets (approximation) | - | -€4,493 | -€2,776 | €0 | €0 | - |
| Change in cash | - | €7,380 | -€18,986 | -€14,466 | -€3,795 | ▲ 73.8% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€13,503
Net result drops to -€13,503, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2020net €27,624 ▲392%
Operating result €34,539, net result €27,624, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.12
Current ratio from 0.96 to 2.12.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tielt-Winge · 1 establishment unit since 2020
Ground area
1,115 m²
Building footprint
101 m²
Volume, LiDAR
675 m³
Parcel 24067B0192/00P002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FIXES
since 20202.305.935.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24067B0192/00P002 | Flanders | 1,115 m² | 1 · 101 m² | 9.1 m · 2 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.
Similar companies · same sector, comparable size
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BE 0545.948.761
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F.A. CONSTRUCTION
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 8,326 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
Founded29-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
43211General electrical installation work
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
71209Other technical testing and analysis
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751606577
Also
9925:BE0751606577
Registered
03-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.