FOBA
ActiveSummary
FOBA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €224,436 and a net result of €88,554. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 129 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability90▲+9
Solvency69▼-13
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.33 in 2025; short-term debt: 51.6% and cash: 5.5% of total assets), and 56.3% 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 · 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
43.7%
Return on assets
17.2%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
47 d early
2025
on the day
2024
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 29 October (3 of the last 3 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
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Financials · fiscal year 2026, micro schema
Equity
€224,436▼ 28.5%
2025 · €314,019
Total assets
€513,431▼ 7.1%
2025 · €552,779
Net result
€88,554▲ 13.8%
2025 · €77,785
Working capital
-€220,681▼ 63.6%
2025 · -€134,931
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202420252026
Operating result€59,835-€132,736▲ 122%€126,753▼ 4.5%
Net result€40,395above the sector's middle half-€77,785above the sector's middle half▲ 92.6%€88,554▲ 13.8%
Equity€236,339within the sector's middle half-€314,019above the sector's middle half▲ 32.9%€224,436▼ 28.5%
Total assets€520,660within the sector's middle half-€552,779within the sector's middle half▲ 6.2%€513,431▼ 7.1%
Debt€284,321-€238,760▼ 16.0%€288,995▲ 21.0%
Working capital-€186,604below the sector's middle half--€134,931below the sector's middle half▲ 27.7%-€220,681▼ 63.6%
Solvency45.4%within the sector's middle half-56.8%within the sector's middle half▲ 11.4pp43.7%▼ 13.1pp
Current ratio0.24below the sector's middle half-0.33below the sector's middle half▲ 0.090.17▼ 0.17
Return on assets (ROA)7.8%above the sector's middle half-14.1%above the sector's middle half▲ 6.3pp17.2%▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 5% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €513,431
Fixed assets
€469,245 ▼ 3.3%
Current assets
€44,186 ▼ 34.7%
Equity and liabilities €513,431
Equity
€224,436 ▼ 28.5%
Debt
€288,995 ▲ 21.0%
Debt's share of the balance-sheet total rises from 43.2% to 56.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€168,335▼
2025 · €177,021
Cash flow
€130,135▲
2025 · €122,070
Debt to equity
1.29▲
2025 · 0.76
ROE
39.5%▲
2025 · 24.8%
Interest coverage
14.19▲
2025 · 5.40
Debt ≤ 1 year
€264,867▲
2025 · €202,549
Debt > 1 year
€13,291▼
2025 · €26,017
Income taxes
€26,336▲
2025 · €22,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,781 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
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,314 | €44,285 | €41,581 | ▼ 6.1% |
| Other operating charges640/8 | €2,812 | €1,805 | €2,444 | ▲ 35.4% |
| Non-recurring operating charges66A | - | €1,607 | €0 | ▼ 100% |
| Gross operating margin9900 | €121,960 | €180,433 | €170,778 | ▼ 5.4% |
| Operating profit (loss)9901 | €59,835 | €132,736 | €126,753 | ▼ 4.5% |
| Financial income75/76B | €408 | €0 | €0 | - |
| Recurring financial income75 | €408 | €0 | €0 | - |
| Financial charges65/66B | €8,272 | €32,804 | €11,863 | ▼ 63.8% |
| Recurring financial charges65 | €8,272 | €32,804 | €11,863 | ▼ 63.8% |
| Profit (loss) for the period before taxes9903 | €51,971 | €99,931 | €114,890 | ▲ 15.0% |
| Income taxes67/77 | €11,576 | €22,147 | €26,336 | ▲ 18.9% |
| Profit (loss) for the period9904 | €40,395 | €77,785 | €88,554 | ▲ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €40,395 | €77,785 | €88,554 | ▲ 13.8% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €520,660 | €552,779 | €513,431 | ▼ 7.1% |
| Fixed assets21/28 | €461,146 | €485,160 | €469,245 | ▼ 3.3% |
| Tangible fixed assets22/27 | €461,146 | €485,160 | €469,245 | ▼ 3.3% |
| Land and buildings22 | €376,779 | €418,004 | €421,859 | ▲ 0.9% |
| Plant, machinery and equipment23 | - | - | €3,029 | - |
| Furniture and vehicles24 | €84,367 | €67,156 | €44,357 | ▼ 33.9% |
| Assets under construction and advance payments27 | €0 | - | - | - |
| Current assets29/58 | €59,514 | €67,618 | €44,186 | ▼ 34.7% |
| Stocks and contracts in progress3 | €1,657 | €0 | - | - |
| Stocks30/36 | €1,657 | €0 | - | - |
| Amounts receivable within one year40/41 | €48,598 | €13,346 | €11,173 | ▼ 16.3% |
| Trade receivables40 | €18,029 | €7,492 | €8,570 | ▲ 14.4% |
| Other amounts receivable41 | €30,569 | €5,853 | €2,603 | ▼ 55.5% |
| Current investments50/53 | €100 | €1 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3,298 | €48,482 | €28,240 | ▼ 41.8% |
| Deferred charges and accrued income490/1 | €5,861 | €5,790 | €4,774 | ▼ 17.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €520,660 | €552,779 | €513,431 | ▼ 7.1% |
| Equity10/15 | €236,339 | €314,019 | €224,436 | ▼ 28.5% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €236,239 | €313,919 | €224,336 | ▼ 28.5% |
| Distributable reserves133 | €236,239 | €313,919 | €224,336 | ▼ 28.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €284,321 | €238,760 | €288,995 | ▲ 21.0% |
| Amounts payable after more than one year17 | €38,203 | €26,017 | €13,291 | ▼ 48.9% |
| Financial debts170/4 | €38,203 | €26,017 | €13,291 | ▼ 48.9% |
| Amounts payable within one year42/48 | €246,118 | €202,549 | €264,867 | ▲ 30.8% |
| Current portion of amounts payable after more than one year42 | €11,668 | €12,186 | €12,726 | ▲ 4.4% |
| Financial debts43 | €200,000 | €0 | - | - |
| Credit institutions430/8 | €200,000 | €0 | - | - |
| Trade debts44 | €2,240 | €5,647 | €1,426 | ▼ 74.7% |
| Suppliers440/4 | €2,240 | €5,647 | €1,426 | ▼ 74.7% |
| Taxes, remuneration and social security45 | €18,888 | €15,834 | €13,388 | ▼ 15.4% |
| Taxes450/3 | €15,796 | €14,834 | €11,088 | ▼ 25.3% |
| Remuneration and social security454/9 | €3,091 | €1,000 | €2,300 | ▲ 130% |
| Other amounts payable47/48 | €13,322 | €168,882 | €237,327 | ▲ 40.5% |
| Accrued charges and deferred income492/3 | - | €10,194 | €10,837 | ▲ 6.3% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,395 | €77,785 | €88,554 | ▲ 13.8% |
| + Depreciation and write-downs630 | €59,314 | €44,285 | €41,581 | ▼ 6.1% |
| Operating cash flow (approximation) | €99,709 | €122,070 | €130,135 | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€68,299 | -€25,666 | ▲ 62.4% |
| Change in cash | - | €45,184 | -€20,242 | ▼ 145% |
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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2024net €88,554 ▲13.8%
Net result €88,554, the highest in the series.
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Menen · 1 establishment unit since 2019
Ground area
1.1 ha
Building footprint
359 m²
Volume, LiDAR
2,176 m³
Parcel 34027E1005/00H023, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Foba
since 20192.294.428.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E1005/00H023 | Flanders | 1.1 ha | 1 · 359 m² | 9.4 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.
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 4,880 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
Founded08-10-2019
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735802606
Also
9925:BE0735802606
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.