FKL
ActiveSummary
FKL has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.5m and a net result of €1.5m. Its solvency ranks better than 32% of 231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-19
Solvency51▲+6
Growth35
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.04 in 2024; short-term debt: 55.8% and cash: 6.8% of total assets), but 74.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.6%
Return on assets
8.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average on the deadline day; the sector median for financial year 2024 is 8 days before the deadline, and 32% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
In the rankings
#6 company by equity in Beveren-Kruibeke-Zwijndrecht, Water and waste sector#8 company by total assets in Beveren-Kruibeke-Zwijndrecht, Water and waste sector
Turnover
€26.0m▼ 13.9%
2024 · €30.1m
EBIT margin
8.5%▼ 5.4pp
2024 · 13.9%
Net result
€1.5m▼ 49.6%
2024 · €3.0m
Working capital
€7.5m▲ 1,509%
2024 · €467,843
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
Line20242025
Turnover€30.1m-€26.0m▼ 13.9%
Operating result€4.2m-€2.2m▼ 47.3%
Net result€3.0m-€1.5m▼ 49.6%
EBIT margin13.9%-8.5%▼ 5.4pp
Equity€3.0m-€4.5m▲ 50.0%
Total assets€15.0m-€17.7m▲ 17.7%
Debt€12.0m-€13.2m▲ 9.6%
Working capital€467,843-€7.5m▲ 1,509%
Staff (FTE)23.1-24.4▲ 5.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.7m
Fixed assets
€285,078 ▼ 93.1%
Current assets
€17.4m ▲ 60.1%
Equity and liabilities €17.7m
Equity
€4.5m ▲ 50.0%
Debt
€13.2m ▲ 9.6%
Debt's share of the balance-sheet total falls from 79.9% to 74.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.3m▼
2024 · €4.6m
Cash flow
€1.6m▼
2024 · €3.4m
Current ratio
1.76▲
2024 · 1.04
Quick ratio
1.74▲
2024 · 0.96
Debt to equity
2.91▼
2024 · 3.98
ROE
33.3%▼
2024 · 99.2%
ROA
8.5%▼
2024 · 19.9%
Interest coverage
13.96▼
2024 · 25.75
Debt ≤ 1 year
€9.9m▼
2024 · €10.4m
Debt > 1 year
€111,221▼
2024 · €164,009
Income taxes
€579,413▼
2024 · €1.0m
Staff costs
€1.7m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | €30.3m | €26.3m | ▼ 13.3% |
| Turnover70 | €30.1m | €26.0m | ▼ 13.9% |
| Other operating income74 | €192,159 | €243,841 | ▲ 26.9% |
| Non-recurring operating income76A | - | €112,067 | - |
| Operating charges60/66A | €26.1m | €24.1m | ▼ 7.8% |
| Goods for resale, raw materials and consumables60 | €6.7m | €6.7m | ▼ 0.6% |
| Purchases600/8 | €7.6m | €6.0m | ▼ 20.4% |
| Change in stocks: decrease (increase)609 | -€880,989 | €632,378 | ▲ 172% |
| Services and other goods61 | €17.3m | €15.0m | ▼ 13.6% |
| Remuneration, social security and pensions62 | €1.5m | €1.7m | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €448,304 | €96,203 | ▼ 78.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €649,555 | - |
| Other operating charges640/8 | €31,857 | €22,010 | ▼ 30.9% |
| Non-recurring operating charges66A | €85,449 | €8,624 | ▼ 89.9% |
| Operating profit (loss)9901 | €4.2m | €2.2m | ▼ 47.3% |
| Financial income75/76B | €56 | €66,769 | ▲ 119,924% |
| Recurring financial income75 | €56 | €66,769 | ▲ 119,924% |
| Income from current assets751 | - | €59,600 | - |
| Other financial income752/9 | €56 | €7,169 | ▲ 12,788% |
| Financial charges65/66B | €202,374 | €191,368 | ▼ 5.4% |
| Recurring financial charges65 | €202,374 | €191,368 | ▼ 5.4% |
| Debt charges650 | €180,554 | €165,308 | ▼ 8.4% |
| Other financial charges652/9 | €21,820 | €26,060 | ▲ 19.4% |
| Profit (loss) for the period before taxes9903 | €4.0m | €2.1m | ▼ 47.8% |
| Income taxes67/77 | €1.0m | €579,413 | ▼ 42.3% |
| Taxes670/3 | €1.0m | €579,413 | ▼ 42.3% |
| Profit (loss) for the period9904 | €3.0m | €1.5m | ▼ 49.6% |
| Profit (loss) for the period to be appropriated9905 | €3.0m | €1.5m | ▼ 49.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €15.0m | €17.7m | ▲ 17.7% |
| Fixed assets21/28 | €4.2m | €285,078 | ▼ 93.1% |
| Intangible fixed assets21 | €3.7m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €447,295 | €285,078 | ▼ 36.3% |
| Plant, machinery and equipment23 | €18,812 | €23,462 | ▲ 24.7% |
| Furniture and vehicles24 | €336,216 | €261,616 | ▼ 22.2% |
| Assets under construction and advance payments27 | €92,267 | €0 | ▼ 100% |
| Current assets29/58 | €10.9m | €17.4m | ▲ 60.1% |
| Amounts receivable after more than one year29 | €5,359 | €35,359 | ▲ 560% |
| Trade receivables290 | €5,359 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €35,359 | - |
| Stocks and contracts in progress3 | €880,989 | €248,611 | ▼ 71.8% |
| Stocks30/36 | €880,989 | €248,611 | ▼ 71.8% |
| Raw materials and consumables30/31 | €880,989 | €248,611 | ▼ 71.8% |
| Amounts receivable within one year40/41 | €8.4m | €13.8m | ▲ 64.2% |
| Trade receivables40 | €5.8m | €7.5m | ▲ 29.3% |
| Other amounts receivable41 | €2.6m | €6.3m | ▲ 141% |
| Cash at bank and in hand54/58 | €64,761 | €1.2m | ▲ 1,746% |
| Deferred charges and accrued income490/1 | €1.5m | €2.1m | ▲ 40.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €15.0m | €17.7m | ▲ 17.7% |
| Equity10/15 | €3.0m | €4.5m | ▲ 50.0% |
| Contributions10/11 | €25,000 | €25,000 | = |
| Reserves13 | €3.0m | €4.5m | ▲ 50.4% |
| Distributable reserves133 | €3.0m | €4.5m | ▲ 50.4% |
| Amounts payable17/49 | €12.0m | €13.2m | ▲ 9.6% |
| Amounts payable after more than one year17 | €164,009 | €111,221 | ▼ 32.2% |
| Financial debts170/4 | €164,009 | €111,221 | ▼ 32.2% |
| Credit institutions173 | - | €111,221 | - |
| Other loans174 | €164,009 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €10.4m | €9.9m | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | €50,991 | €52,788 | ▲ 3.5% |
| Financial debts43 | €4.1m | €3.6m | ▼ 12.6% |
| Credit institutions430/8 | €3.5m | €3.5m | = |
| Other loans439 | €590,442 | €77,067 | ▼ 86.9% |
| Trade debts44 | €4.9m | €4.6m | ▼ 6.3% |
| Suppliers440/4 | €4.9m | €4.6m | ▼ 6.3% |
| Taxes, remuneration and social security45 | €1.2m | €712,316 | ▼ 38.2% |
| Taxes450/3 | €996,197 | €575,895 | ▼ 42.2% |
| Remuneration and social security454/9 | €156,436 | €136,421 | ▼ 12.8% |
| Other amounts payable47/48 | €251,486 | €983,981 | ▲ 291% |
| Accrued charges and deferred income492/3 | €1.4m | €3.2m | ▲ 120% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3.0m | €1.5m | ▼ 49.6% |
| + Depreciation and write-downs630 | €448,304 | €96,203 | ▼ 78.5% |
| Operating cash flow (approximation) | €3.4m | €1.6m | ▼ 53.4% |
| Investment in fixed assets (approximation) | - | €3.8m | - |
| Change in cash | - | €1.1m | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Beveren · 1 establishment unit since 2023
Ground area
21.2 ha
Building footprint
9,539 m²
Volume, LiDAR
248,686 m³
Parcel 46010A0100/00V000, Flanders · tallest building 43.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
FKL
since 20232.348.734.442
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010A0100/00V000 | Flanders | 21.2 ha | 1 · 9,539 m² | 43.8 m · 8 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 230,477 EUR awarded · 123,660 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 1,660 EUR | 62,660 EUR |
| 2024 | 1 | 0 EUR | 61,000 EUR |
| 2023 | 1 | 228,817 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.348.734.442
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Of 279 companies in sector 38330 we hold annual accounts for 240. 154 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
Founded22-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
20150Manufacture of chemicals and chemical products
38330Waste collection, recovery and disposal activities
38210Materials recovery from waste
Scores and ratios are computed by Checked and are not a credit decision.