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FNL PROPERTIES

Active
Private limited company (pre-2019)founded 200817 yrs activeKloosterstraat 32, 9240 Zele, BelgiumKBO/BCE: BE 0808.765.808
Summary

FNL PROPERTIES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,012 and a net result of €3,784. Equity is growing by ~43.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▲+1
Solvency44▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
short-term debt: 81.5% of total assets, and 81.5% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
18.5%
Return on assets
4.1%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
15 d early
2023
20 d late
2022
17 d early
2021
27 d early
2020
9 d early
2019
32 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 December 2008, FNL PROPERTIES was incorporated.1 Total assets went from EUR 106,197 in 2018 to EUR 91,727 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€17,012▲ 28.6%
2024 · €13,229
Total assets
€91,727▼ 7.8%
2024 · €99,463
Net result
€3,784▲ 20.4%
2024 · €3,143
Working capital
-€79,898▲ 1.3%
2023 · -€80,955
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€3,705▼ 2.6%€3,581▼ 3.3%€3,612▲ 0.8%€3,557▼ 1.5%€3,878▲ 9.0%
Net result€2,287▲ 7.9%€2,541▲ 11.1%€2,877▲ 13.2%€3,143▲ 9.2%€3,784▲ 20.4%
Equity€4,667▲ 96.1%€7,209▲ 54.5%€10,086▲ 39.9%€13,229▲ 31.2%€17,012▲ 28.6%
Total assets€101,461▼ 0.8%€100,729▼ 0.7%€99,996▼ 0.7%€99,463▼ 0.5%€91,727▼ 7.8%
Debt€96,794▼ 3.1%€93,520▼ 3.4%€89,910▼ 3.9%€86,235▼ 4.1%€74,715▼ 13.4%
Working capital-€76,054▼ 3.3%-€78,513▼ 3.2%-€80,955▼ 3.1%-€79,898▲ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€1,000€2,000€3,000€4,000Operating result 2021: €3,705€3,705Net result 2021: €2,287€2,287Operating result 2022: €3,581€3,581Net result 2022: €2,541€2,541Operating result 2023: €3,612€3,612Net result 2023: €2,877€2,877Operating result 2024: €3,557€3,557Net result 2024: €3,143€3,143Operating result 2025: €3,878€3,878Net result 2025: €3,784€3,78420212022202320242025€0€1,000€2,000€3,000€4,000Operating result 2023: €3,612€3,610Net result 2023: €2,877€2,880Operating result 2024: €3,557€3,560Net result 2024: €3,143€3,140Operating result 2025: €3,878€3,880Net result 2025: €3,784€3,780202320242025
The operating result recovers in 2025; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €91,727
Equity €17,012 ▲ 28.6%
Debt €74,715 ▼ 13.4%
Debt's share of the balance-sheet total falls from 86.7% to 81.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,277▲
2024 · €4,956
Cash flow
€5,183▲
2024 · €4,542
Debt to equity
4.39▼
2024 · 6.52
ROE
22.2%▼
2024 · 23.8%
ROA
4.1%▲
2024 · 3.2%
Interest coverage
56.17▲
2024 · 11.96
Debt ≤ 1 year
€74,715▼
2024 · €86,235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.2% went bankrupt
1.6% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,504 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€99,463€91,727▼
Fixed assets21/28€93,127€91,727▼
Tangible fixed assets22/27€93,127€91,727▼
Land and buildings22€93,127€91,727▼
Current assets29/58€6,337-
Amounts receivable within one year40/41€200-
Trade receivables40€200-
Cash at bank and in hand54/58€6,137-
Equity and liabilities
Total equity and liabilities10/49€99,463€91,727▼
Equity10/15€13,229€17,012▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€5,371-€1,588▲
Amounts payable17/49€86,235€74,715▼
Amounts payable within one year42/48€86,235€74,715▼
Current portion of amounts payable after more than one year42€3,485-
Trade debts44€965-
Suppliers440/4€965-
Other amounts payable47/48€81,786€74,715▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,399€1,399=
Other operating charges640/8€1,307€1,347▲
Gross operating margin9900€6,264€6,624▲
Operating profit (loss)9901€3,557€3,878▲
Financial charges65/66B€414€94▼
Recurring financial charges65€414€94▼
Profit (loss) for the period before taxes9903€3,143€3,784▲
Profit (loss) for the period9904€3,143€3,784▲
Profit (loss) for the period to be appropriated9905€3,143€3,784▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,371-€1,588▲
Profit (loss) brought forward from the previous period14P-€8,514-€5,371▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,399€1,399€1,399€1,399€1,399=
Other operating charges640/8€1,132€1,193€1,163€1,307€1,347▲ 3.1%
Gross operating margin9900€6,236€6,174€6,174€6,264€6,624▲ 5.8%
Operating profit (loss)9901€3,705€3,581€3,612€3,557€3,878▲ 9.0%
Financial charges65/66B€1,418€1,040€735€414€94▼ 77.3%
Recurring financial charges65€1,418€1,040€735€414€94▼ 77.3%
Profit (loss) for the period before taxes9903€2,287€2,541€2,877€3,143€3,784▲ 20.4%
Profit (loss) for the period9904€2,287€2,541€2,877€3,143€3,784▲ 20.4%
Profit (loss) for the period to be appropriated9905€2,287€2,541€2,877€3,143€3,784▲ 20.4%
Line20212022202320242025Change
Assets
Total assets20/58€101,461€100,729€99,996€99,463€91,727▼ 7.8%
Fixed assets21/28€97,324€95,925€94,526€93,127€91,727▼ 1.5%
Tangible fixed assets22/27€97,324€95,925€94,526€93,127€91,727▼ 1.5%
Land and buildings22€97,324€95,925€94,526€93,127€91,727▼ 1.5%
Current assets29/58€4,137€4,804€5,470€6,337--
Amounts receivable within one year40/41---€200--
Trade receivables40---€200--
Cash at bank and in hand54/58€4,137€4,804€5,470€6,137--
Equity and liabilities
Total equity and liabilities10/49€101,461€100,729€99,996€99,463€91,727▼ 7.8%
Equity10/15€4,667€7,209€10,086€13,229€17,012▲ 28.6%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€13,933-€11,391-€8,514-€5,371-€1,588▲ 70.4%
Amounts payable17/49€96,794€93,520€89,910€86,235€74,715▼ 13.4%
Amounts payable after more than one year17€16,603€10,204€3,485---
Financial debts170/4€16,603€10,204€3,485---
Amounts payable within one year42/48€80,192€83,316€86,426€86,235€74,715▼ 13.4%
Current portion of amounts payable after more than one year42€6,093€6,399€6,719€3,485--
Trade debts44€3,890€698€433€965--
Suppliers440/4€3,890€698€433€965--
Other amounts payable47/48€70,209€76,219€79,273€81,786€74,715▼ 8.6%
Line20212022202320242025Change
Profit (loss) for the period9904€2,287€2,541€2,877€3,143€3,784▲ 20.4%
+ Depreciation and write-downs630€1,399€1,399€1,399€1,399€1,399=
Operating cash flow (approximation)€3,686€3,941€4,276€4,542€5,183▲ 14.1%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€667€667€667--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2018net €3,784 ▲20.4%
Operating result €3,878, net result €3,784, both a record.
16-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
14-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
01-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
119 m²
Building footprint
115 m²
Volume, LiDAR
686 m³
Parcel 42402F0094/00P000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
FNL PROPERTIES
Kloosterstraat 32, 9240 ZeleReal estate activities
since 20092.175.730.685
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42402F0094/00P000 Flanders 119 m² 1 · 115 m² 8.8 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded30-12-2008
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.