Liquidity
7.35 was 3.94 in 2024
Short-term debts fell from €8,883 to €6,342.
FKW Construct
Lifetime
20 annual accounts with figures on one time axispeak €47,074 (2019)
€16,892▲ 471%
lowest -€12,787 (2021)
€12,869▲ €14,502
peak €55,894 (2020)
€38,704▲ 49.8%
€10,192▼ 20.0%
peak 0.9 FTE (2019)
-not published
Board1 name since 2010
1 directorDE WIN Kenny
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €2,957 to €16,892Back to profit: €12,869Equity from €25,835 to €38,704Debts from €12,733 to €10,192Cash from €282 to €23,286
Key points
from the 2025 annual accountsFilings
20 annual accounts since 2006
Seven of the last ten came late. The 2021 accounts came latest: 72 days after the end of the period.
Position in the sector
79.2%
Higher solvency than 87% of companies in construction of buildings. Sector median 42.9% · 9,462 companies.
Checked score
92
Excellent
Financially stronger than 90% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.9%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.6%▼ -1.3 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.5 percentage points vs 07-2026
09-2026: 0.3%▼ -0.9 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €48,896
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 7.35, cash €23,286
Calculation
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 41, micro). It does better than 92% of them on solvency, 96% on liquidity, 91% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as FKW Construct has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FKW Construct itself: 0.3% within 12 months.
Test of the method
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 31,368 companies, not a prediction for FKW Construct. 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.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.35 (3.94 in 2024), above the usual 1.5. Short-term debt is 13% and cash 47.6% of total assets. 20.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
1819202122232425
2018 to 2025 · latest year €38,704
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
12 days early
2022
12 days early
2021
72 days late
2020
31 days late
2019
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0878677171
Resignation: DE WIN Kenny (director)
Reappointment: DE WIN Kenny (director) · “Het slopen van gebouwen en andere bouwwerken;het ruimen van bouwterreinen; Het…” (deed in Dutch) · Director discharge: DE WIN Kenny · Gazette deed
First establishment
Battelsesteenweg +471, Mechelen
Incorporation
published on 26-01-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FKW Construct Mechelen | €48,896 | €16,892 | 79.2% | - |
| CELIS WERNER Sint-Katelijne-Waver | €44,917 | €16,720 | 38.1% | - |
| BOUWONDERNEMING WILLEMSENS MICHEL Westerlo | €54,355 | €14,573 | -37.4% | - |
| Legrand Denis Seneffe | €50,603 | €16,557 | 33.8% | - |
| VLAMINCK KURT ALGEMENE AANNEMINGEN Hamme (Vl.) | €51,212 | €16,511 | 79.5% | - |
| ALL-IN RENOVATIONS Diepenbeek | €46,686 | €19,140 | 77.3% | - |
| PV CONSTRUCT Orp-Jauche | €57,119 | €18,872 | 21.5% | - |
These companies have the same main activity as FKW Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €44,900 and €57,100, founded between 2005 and 2007.
Official details
Source: KBO- Status
- Active since 03-01-2006Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.151.692.5032800 Mechelen, since 14-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on FKW Construct
FKW Construct files the micro format. That format states no turnover. The gross margin rose from €10,857 in 2006 to €16,892 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FKW Construct
- What is the company number of FKW Construct?
- The company number of FKW Construct is 0878.677.171. The VAT number is the same number with BE in front: BE 0878.677.171.
- Where is FKW Construct based?
- The registered office is at Battelsesteenweg +471, 2800 Mechelen.Company details
- What does FKW Construct do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of FKW Construct?
- FKW Construct is a private limited company (BV).
- When was FKW Construct founded?
- FKW Construct was founded on 03-01-2006.
- Is FKW Construct still active?
- Yes, FKW Construct is an active enterprise in the KBO register.
- How many employees does FKW Construct have?
- FKW Construct had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of FKW Construct?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €16,892 and 263 comparable companies (NACE 41001). It probably lies between €110,000 and €370,000. It is a rough estimate.
- Is FKW Construct profitable?
- In financial year 2025, FKW Construct made a profit of €12,869.
- Where can I find the annual accounts of FKW Construct?
- FKW Construct filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FKW Construct due?
- FKW Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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