Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Green is investment, beige is depreciation.
The last four annual accounts were filed 3 to 29 days before the end of the period.
Less equity than 90% of companies in specialised construction. Sector median €57,715 · 35,131 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 10% of them on solvency, 1% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
In July 2024, 757 companies had the same profile as FKB TECHNICS has now. Each dot stands for 2 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FKB TECHNICS itself: 2.9% within 12 months.
The method was tested on the 497,447 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 757 companies, not a prediction for FKB TECHNICS. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.89 (1.25 in 2024), below 1. Short-term debt is 96.9% of total assets. 96.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 16 days before 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.
| Company | ||||
|---|---|---|---|---|
| FKB TECHNICS Turnhout | €50,495 | -€5,815 | 3.1% | - |
| DELTA ENERGIE Bernissart | €43,662 | -€5,278 | -16.8% | - |
| LUXURY BATHROOMS Beveren-Kruibeke-Zwijndrecht | €57,871 | -€154 | -29.9% | - |
| MR Technics Brecht | €40,487 | -€424 | 1.0% | - |
| AZ SERVICE at home Antwerp | €53,953 | -€16,732 | 16.7% | - |
| VERWIMP SANITAIR EN VERWARMING Herentals | €62,444 | -€8,772 | 88.0% | - |
| IBS Construct Essen | €44,339 | -€2,649 | 1.8% | - |
These companies have the same main activity as FKB TECHNICS: plumbing work (NACE 43221). They are comparable in size and age: total assets between €40,500 and €62,400, founded between 2020 and 2022.
FKB TECHNICS files the micro format. That format states no turnover. The gross margin fell from €5,037 in 2022 to -€5,815 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 10% of 35,119 companies in 2025.
Higher than 17% of 34,493 companies in 2025.
Higher than 6% of 34,694 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
50,495 | 47,127 | 41,082 | 16,158 | |
21/28 |
6,992 | 5,593 | - | - | |
22/27 |
6,492 | 5,093 | - | - | |
23 |
2,587 | - | - | - | |
24 |
3,906 | 5,093 | - | - | |
28 |
500 | 500 | - | - | |
29/58 |
43,503 | 41,534 | 41,082 | 16,158 | |
3 |
20,651 | 3,524 | - | - | |
30/36 |
4,801 | 3,524 | - | - | |
37 |
15,850 | - | - | - | |
40/41 |
20,224 | 29,646 | 37,600 | 11,709 | |
40 |
17,386 | 25,902 | 33,796 | 8,703 | |
41 |
2,838 | 3,744 | 3,805 | 3,006 | |
54/58 |
- | 4,870 | 2,473 | 4,406 | |
490/1 |
2,628 | 3,495 | 1,009 | 43 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
50,495 | 47,127 | 41,082 | 16,158 | |
10/15 |
1,552 | 14,012 | 15,496 | 3,146 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
12,496 | 12,496 | 12,496 | 146 | |
133 |
12,496 | 12,496 | 12,496 | 146 | |
14 |
-13,944 | -1,484 | - | - | |
17/49 |
48,943 | 33,115 | 25,586 | 13,012 | |
42/48 |
48,943 | 33,115 | 20,667 | 13,012 | |
43 |
7,689 | - | - | - | |
430/8 |
7,689 | - | - | - | |
44 |
6,565 | 49 | 8,721 | 10,977 | |
440/4 |
6,565 | 49 | 8,721 | 10,977 | |
45 |
615 | 26,903 | 11,945 | 2,035 | |
450/3 |
615 | 12,710 | 7,648 | 297 | |
454/9 |
- | 14,193 | 4,297 | 1,738 | |
47/48 |
34,075 | 6,163 | - | - | |
492/3 |
- | - | 4,919 | - | |
| Income statement | |||||
9900 |
-5,815 | 5,971 | 22,682 | 5,037 | |
62 |
- | - | 4,311 | 1,700 | |
630 |
1,250 | 843 | - | - | |
640/8 |
520 | 1,113 | 575 | 2,087 | |
9901 |
-7,586 | 4,015 | 17,796 | 1,251 | |
75/76B |
701 | 0 | 138 | 155 | |
75 |
701 | 0 | 138 | 155 | |
65/66B |
5,336 | 5,238 | 1,794 | 1,001 | |
65 |
5,336 | 5,238 | 1,794 | 1,001 | |
9903 |
-12,221 | -1,223 | 16,140 | 405 | |
67/77 |
240 | 261 | 3,790 | 259 | |
9904 |
-12,460 | -1,484 | 12,350 | 146 | |
9905 |
-12,460 | -1,484 | 12,350 | 146 | |
| Appropriation of the result | |||||
9906 |
-13,944 | -1,484 | 12,350 | 146 | |
14P |
-1,484 | - | - | - | |
691/2 |
- | - | 12,350 | 146 | |
6921 |
- | - | 12,350 | 146 | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -6,335 | 4,858 | - | - | ||
| -11,210 | -641 | - | - | ||
| 2,650 | 6,436 | - | - | ||
| - | 2,397 | -1,933 | - | ||
| -5,440 | 8,419 | 20,415 | 3,146 | ||
| 3.1% | 29.7% | 37.7% | 19.5% | ||
| 0.89 | 1.25 | 1.99 | 1.24 | ||
| 0.47 | 1.15 | 1.99 | 1.24 | ||
| 31.54 | 2.36 | 1.65 | 4.14 | ||
| -803.0% | -10.6% | 79.7% | 4.6% | ||
| -24.7% | -3.1% | 30.1% | 0.9% | ||
| -1.19 | 0.93 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,650 | €5,936 | - | - |
| Financial fixed assets | - | €500 | - | - |
| €1,250 | €843 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €7,586, after a profit of €4,015 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 70.3% to 96.9%. Equity is lower and debt is higher.
FKB TECHNICS has no parent and no holdings in its annual accounts. BABALIK Onur is the only director. FKB TECHNICS shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
FKB TECHNICS was incorporated on 10 November 2021 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2021, BABALIK Onur has served as director.3 Total assets rose from €16,158 in 2022 to €50,495 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Jef Buyckxstraat 199 registered office 2300 Turnhout | 10-11-2021 | 2.324.248.969 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13453O0859/00L005 | 241 m² | 1 · 65 m² | 0.1 m |
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 0777.275.846
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