FKV
ActiveSummary
FKV has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €538k and a net result of €84k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+11
Solvency55▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.75 in 2024; short-term debt: 35.1% and cash: 1% of total assets), and 69.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
30.3%
Return on assets
4.7%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €538k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
9 d early
2022
329 d late
2021
on the day
2020
54 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€538k▲ 18.4%
2024 · €454k
Total assets
€1.77M▲ 0.6%
2024 · €1.76M
Net result
€84k
2024 · €-24k
Working capital
€3k
2024 · €-153k
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€72k▲ 128%€-45k€-25k▲ 44.4%€-2k▲ 90.2%€100k
Net result€38k▲ 442%€-67k€-49k▲ 26.3%€-24k▲ 52.0%€84k
Equity€594k▲ 6.9%€527k▼ 11.3%€478k▼ 9.3%€454k▼ 4.9%€538k▲ 18.4%
Total assets€1.79M▼ 3.4%€1.85M▲ 3.3%€1.89M▲ 2.4%€1.76M▼ 6.8%€1.77M▲ 0.6%
Debt€1.19M▼ 7.8%€1.32M▲ 10.6%€1.41M▲ 7.2%€1.31M▼ 7.5%€1.24M▼ 5.6%
Working capital€85k▲ 200%€-121k€-140k▼ 16.3%€-153k▼ 9.1%€3k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €100k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€1.15M ▼ 12.1%
Current assets
€626k ▲ 36.8%
Equity and liabilities €1.77M
Equity
€538k ▲ 18.4%
Debt
€1.24M ▼ 5.6%
Debt's share of the balance-sheet total falls from 74.2% to 69.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€204k▲
2024 · €122k
Cash flow
€187k▲
2024 · €101k
Current ratio
1.00▲
2024 · 0.75
Debt to equity
2.30▼
2024 · 2.88
ROE
15.6%▲
2024 · -5.2%
ROA
4.7%▲
2024 · -1.3%
Interest coverage
12.17▲
2024 · 5.68
Debt ≤ 1 year
€623k▲
2024 · €610k
Debt > 1 year
€613k▼
2024 · €698k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104k | €120k | €124k | €125k | €104k | ▼ 17.0% |
| Other operating charges640/8 | - | €20k | €20k | €22k | €23k | ▲ 4.3% |
| Gross operating margin9900 | €193k | €95k | €118k | €144k | €227k | ▲ 57.5% |
| Operating profit (loss)9901 | €72k | €-45k | €-25k | €-2k | €100k | ▲ 4,171% |
| Financial income75/76B | - | - | - | €474 | €11 | ▼ 97.7% |
| Recurring financial income75 | €4k | - | - | €474 | €11 | ▼ 97.7% |
| Financial charges65/66B | - | €19k | €24k | €22k | €17k | ▼ 22.1% |
| Recurring financial charges65 | €19k | €19k | €24k | €22k | €17k | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €57k | €-65k | €-49k | €-24k | €84k | ▲ 456% |
| Income taxes67/77 | €19k | €2k | - | - | - | - |
| Profit (loss) for the period9904 | €38k | €-67k | €-49k | €-24k | €84k | ▲ 456% |
| Profit (loss) for the period to be appropriated9905 | €38k | €-67k | €-49k | €-24k | €84k | ▲ 456% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.79M | €1.85M | €1.89M | €1.76M | €1.77M | ▲ 0.6% |
| Fixed assets21/28 | €1.45M | €1.51M | €1.40M | €1.31M | €1.15M | ▼ 12.1% |
| Tangible fixed assets22/27 | €1.45M | €1.51M | €1.40M | €1.31M | €1.15M | ▼ 12.1% |
| Land and buildings22 | - | €1.39M | €1.31M | €1.22M | €1.12M | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €15k | €10k | €12k | €6k | ▼ 49.1% |
| Furniture and vehicles24 | - | €110k | €84k | €77k | €18k | ▼ 76.9% |
| Financial fixed assets28 | €165 | €165 | €165 | €165 | €165 | = |
| Current assets29/58 | €335k | €335k | €492k | €457k | €626k | ▲ 36.8% |
| Amounts receivable within one year40/41 | €293k | €313k | €477k | €443k | €605k | ▲ 36.5% |
| Trade receivables40 | - | €313k | €477k | €439k | €605k | ▲ 37.9% |
| Other amounts receivable41 | - | - | - | €4k | - | - |
| Current investments50/53 | - | - | - | €14k | - | - |
| Cash at bank and in hand54/58 | €42k | €22k | €15k | - | €18k | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.79M | €1.85M | €1.89M | €1.76M | €1.77M | ▲ 0.6% |
| Equity10/15 | €594k | €527k | €478k | €454k | €538k | ▲ 18.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | - | €188k | €188k | €188k | €188k | = |
| Reserves13 | €344k | €344k | €344k | €344k | €344k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €338k | €338k | €338k | €338k | = |
| Profit (loss) carried forward14 | - | €-67k | €-116k | €-139k | €-56k | ▲ 60.1% |
| Amounts payable17/49 | €1.19M | €1.32M | €1.41M | €1.31M | €1.24M | ▼ 5.6% |
| Amounts payable after more than one year17 | €944k | €864k | €782k | €698k | €613k | ▼ 12.3% |
| Financial debts170/4 | - | €864k | €782k | €698k | €613k | ▼ 12.3% |
| Amounts payable within one year42/48 | €250k | €456k | €632k | €610k | €623k | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €80k | €85k | €84k | €86k | ▲ 2.2% |
| Financial debts43 | - | €1k | €2k | - | - | - |
| Credit institutions430/8 | - | €1k | €2k | - | - | - |
| Trade debts44 | €51k | €44k | €59k | €31k | €8k | ▼ 74.6% |
| Suppliers440/4 | - | €44k | €59k | €31k | €8k | ▼ 74.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €13 | - |
| Taxes450/3 | - | - | - | - | €13 | - |
| Other amounts payable47/48 | - | €330k | €487k | €495k | €529k | ▲ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €-67k | €-49k | €-24k | €84k | ▲ 456% |
| + Depreciation and write-downs630 | €104k | €120k | €124k | €125k | €104k | ▼ 17.0% |
| Operating cash flow (approximation) | €143k | €53k | €75k | €101k | €187k | ▲ 85.1% |
| Investment in fixed assets (approximation) | - | €-179k | €-13k | €-30k | €54k | ▲ 279% |
| Change in cash | - | €-19k | €-7k | - | - | - |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €84k
Net result €84k after 3 loss-making years.
30-06
Financial
Equity above €500kEq €538k ▲18.4%
Equity rises from €454k to €538k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 329 days late
2022
30-06
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 54 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Antwerpen · 1 establishment unit since 1992
Ground area
3,970 m²
Building footprint
3,357 m²
Volume, LiDAR
21,271 m³
Parcel 11422D0004/00E000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
FKV
since 19922.058.234.585
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422D0004/00E000 | Flanders | 3,970 m² | 1 · 3,357 m² | 9.5 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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Concept Immo Invest
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Immobilière de l'Estérel
BE 0420.290.013
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Gupa
BE 0436.686.773
Antwerpen · Eq €538,962
Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 5,008 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-06-1992
Fiscal year end30-06
Abbreviation NL
B.P.H.
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
46900Non-specialised wholesale trade
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.