FK PROJECT
ActiveSummary
FK PROJECT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €125k. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+38
Solvency60▲+19
Growth79▲+23
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 1.11 in 2024; short-term debt: 31.1% and cash: 70.9% of total assets), but 65% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 23-09-2025, 23 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 · 6 filingsDeviation from the deadline
2026
not confirmed
2025
23 d late
2024
41 d late
2023
41 d late
2022
65 d late
2021
56 d late
2020
67 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Turnover
€825k▲ 31.8%
2024 · €626k
2021: €479k
2022: €445k
2023: €636k
2024: €626k
2021 → 2025
EBIT margin
22.2%▲ 21.1pp
2024 · 1.2%
2021: 1.0%
2022: 2.9%
2023: 2.4%
2024: 1.2%
2021 → 2025
Net result
€125k▲ 2,315%
2024 · €5k
2020: €29k
2021: €2k
2022: €9k
2023: €10k
2024: €5k
2020 → 2025
Working capital
€290k▲ 1,456%
2024 · €19k
2020: €643
2021: €4k
2022: €17k
2023: €16k
2024: €19k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€479k-€445k▼ 7.2%€636k▲ 42.9%€626k▼ 1.5%€825k▲ 31.8%
Equity€17k-€25k▲ 53.4%€36k▲ 39.7%€41k▲ 14.6%€166k▲ 308%
Operating result€5k-€13k▲ 171%€15k▲ 14.7%€7k▼ 50.2%€184k▲ 2,363%
Net result€2k-€9k▲ 259%€10k▲ 14.0%€5k▼ 48.6%€125k▲ 2,315%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,363% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475k
Fixed assets
€37k ▼ 38.7%
Current assets
€438k ▲ 128%
Equity and liabilities €475k
Equity
€166k ▲ 308%
Debt
€308k ▲ 46.4%
Debt's share of the balance-sheet total falls from 83.8% to 65.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€223k▲
2024 · €36k
Cash flow
€165k▲
2024 · €34k
Current ratio
2.96▲
2024 · 1.11
Debt to equity
1.86▼
2024 · 5.17
ROE
75.5%▲
2024 · 12.7%
ROA
26.4%▲
2024 · 2.1%
Interest coverage
71.07▼
2024 · 76.63
Debt ≤ 1 year
€148k▼
2024 · €173k
Debt > 1 year
€30k▼
2024 · €38k
Income taxes
€55k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€251k€475k▲
Fixed assets21/28€60k€37k▼
Tangible fixed assets22/27€60k€37k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€57k€35k▼
Current assets29/58€192k€438k▲
Amounts receivable within one year40/41€90k€101k▲
Trade receivables40€42k€58k▲
Other amounts receivable41€48k€43k▼
Cash at bank and in hand54/58€100k€336k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€251k€475k▲
Equity10/15€41k€166k▲
Contributions10/11€6k€6k=
Reserves13€9k€109k▲
Non-distributable reserves130/1€930€930=
Reserves not available under the articles1311€930€930=
Distributable reserves133€8k€108k▲
Profit (loss) carried forward14€26k€51k▲
Amounts payable17/49€211k€308k▲
Amounts payable after more than one year17€38k€30k▼
Financial debts170/4€38k€30k▼
Amounts payable within one year42/48€173k€148k▼
Current portion of amounts payable after more than one year42€20k€13k▼
Trade debts44€127k€67k▼
Suppliers440/4€11k€36k▲
Bills of exchange payable441€116k€31k▼
Taxes, remuneration and social security45€26k€68k▲
Taxes450/3€2k€68k▲
Remuneration and social security454/9€25k-
Accrued charges and deferred income492/3-€131k
Income statement
Code20242025
Turnover70€626k€825k▲
Goods, raw materials, services and sundry goods60/61€588k€599k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€39k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€38k€226k▲
Operating profit (loss)9901€7k€184k▲
Financial income75/76B€43-
Recurring financial income75€43-
Financial charges65/66B€470€3k▲
Recurring financial charges65€470€3k▲
Profit (loss) for the period before taxes9903€7k€180k▲
Income taxes67/77€2k€55k▲
Profit (loss) for the period9904€5k€125k▲
Profit (loss) for the period to be appropriated9905€5k€125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€151k▲
Profit (loss) brought forward from the previous period14P€20k€26k▲
Transfer to equity691/2-€100k
To other reserves6921-€100k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
31-01
Financial
Highest result since 2020net €125k ▲2315%
Operating result €184k, net result €125k, both a record.
31-01
Financial
Liquidity triplescurrent ratio 2.96
Current ratio from 1.11 to 2.96; short-term debt falls from €173k to €148k.
31-01
Financial
Equity above €150kEq €166k ▲308%
6 profitable years in a row build equity to €166k.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 56 days late
31-01
Financial
Weakest financial yearnet €2k ▼91.5%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vilvoorde · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Winkelveldstraat 1111800 VilvoordeGround area
186 m²
Building footprint
78 m²
Volume, LiDAR
511 m³
Parcel 23088A0105/00H002, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FK PROJECT
since 20182.275.913.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23088A0105/00H002 | Flanders | 186 m² | 1 · 77 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
D'Hanis Koen
BE 0761.759.707
Temse · Eq €166,086
ENGELS CONSTRUCT
BE 0892.796.908
Beersel · Eq €166,140
Maroen
BE 0831.615.147
Mechelen · Eq €166,169
Izet Construct
BE 0670.802.510
Sint-Genesius-Rode · Eq €166,277
RISMAR
BE 0749.732.301
Gent · Eq €166,282
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,461 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2018
Fiscal year end31-01
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.