Equity
FOCO CONSTRUCT has made a profit without a break since 2023.
FOCO CONSTRUCT has made a profit without a break since 2023.
The micro format states no turnover.
Short-term debts rose from €59,835 to €91,622.
Latest accounts filed late: after the legal deadline.
Higher net result than 81% of companies in civil engineering. Sector median €12,006 · 1,256 companies.
The dashed line is the sector median: 0.8% across 1,865 companies (NACE 42, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 42, micro). It does better than 37% of them on solvency, 15% on liquidity, 82% on profitability and 96% on growth.
The bankruptcy probability was computed on 06-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 26,972 companies had the same profile as FOCO CONSTRUCT has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FOCO CONSTRUCT itself: 1.8% within 12 months.
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 26,972 companies, not a prediction for FOCO 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.
Liquidity is tight, with a current ratio of 1.32 (0.73 in 2024), below the usual 1.5. Short-term debt is 52.9% and cash 1% of total assets. 67.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 46 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FOCO CONSTRUCT Linkebeek | €173,156 | €68,173 | 32.5% | - |
| AWL-Systems Waasmunster | €175,778 | €69,635 | 73.1% | - |
| H2O PURE Philippeville | €158,851 | €49,833 | 57.6% | - |
| Fibertree Aalst | €229,026 | €88,117 | 72.1% | - |
| Claeys Frederick - Klimaattechnieken Sint-Laureins | €238,006 | €72,308 | 86.8% | - |
| BKM INFRA Zele | €184,683 | €50,728 | -15.5% | - |
| SOLUTIONS D'EAU Chaudfontaine | €196,706 | €73,637 | 16.6% | - |
These companies have the same main activity as FOCO CONSTRUCT: civil engineering (NACE 42219). They are comparable in size and age: total assets between €159,000 and €238,000, founded between 2015 and 2020.
FOCO CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €51,819 in 2019 to €68,173 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €140,000 and €350,000.
Higher than 36% of 1,260 companies in 2025.
Higher than 37% of 1,219 companies in 2025.
Higher than 78% of 1,224 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
173,156 | 109,876 | 33,119 | 100,010 | 133,078 | 87,534 | 51,270 | |
21/28 |
52,486 | 66,169 | 10,953 | 4,860 | 8,091 | 20,562 | 3,600 | |
22/27 |
44,204 | 59,887 | 4,672 | 4,860 | 8,091 | 20,562 | 3,600 | |
23 |
- | - | - | 900 | 1,800 | 2,700 | 3,600 | |
24 |
984 | 4,982 | 2,697 | 11 | 366 | 722 | - | |
25 |
43,219 | 54,904 | 1,975 | 3,950 | 5,924 | - | - | |
28 |
8,282 | 6,282 | 6,282 | - | - | - | - | |
29/58 |
120,670 | 43,707 | 22,165 | 95,150 | 124,988 | 66,972 | 47,670 | |
40/41 |
117,830 | 30,949 | 18,476 | 94,476 | 123,275 | 61,930 | 30,714 | |
40 |
110,230 | 29,538 | 15,732 | 93,238 | 119,230 | 61,214 | 27,984 | |
41 |
7,600 | 1,411 | 2,745 | 1,238 | 4,045 | 716 | 2,730 | |
54/58 |
1,750 | 7,098 | 3,689 | 674 | 1,692 | 4,191 | 16,956 | |
490/1 |
1,090 | 5,660 | - | - | 21 | 851 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
173,156 | 109,876 | 33,119 | 100,010 | 133,078 | 87,534 | 51,270 | |
10/15 |
56,341 | 13,714 | 6,509 | 1,486 | 48,071 | 54,014 | 49,417 | |
10/11 |
1 | 1 | 1 | 1 | 1 | 1 | 1 | |
100 |
- | - | - | - | - | - | 1 | |
11 |
- | - | - | - | - | 1 | - | |
1109/19 |
- | - | - | - | - | 1 | - | |
14 |
56,340 | 13,713 | 6,508 | 1,485 | 48,070 | 54,013 | 49,416 | |
17/49 |
116,815 | 96,162 | 26,610 | 98,524 | 85,007 | 33,519 | 1,853 | |
17 |
25,193 | 36,327 | - | - | 2,595 | 12,631 | - | |
170/4 |
25,193 | 36,327 | - | - | 2,595 | 12,631 | - | |
42/48 |
91,622 | 59,835 | 26,610 | 98,524 | 82,412 | 20,888 | 1,853 | |
42 |
11,134 | 10,355 | - | 204 | 3,377 | 7,438 | - | |
44 |
66,608 | 37,338 | 13,319 | 87,064 | 67,358 | 2,849 | 156 | |
440/4 |
66,608 | 37,338 | 13,319 | 87,064 | 744 | 2,849 | 156 | |
441 |
- | - | - | - | 66,614 | - | - | |
45 |
13,880 | 6,295 | 6,810 | 6,830 | 4,830 | 333 | 528 | |
450/3 |
5,898 | 1,682 | 2,886 | 4,830 | 4,830 | - | 36 | |
454/9 |
7,982 | 4,613 | 3,924 | 2,000 | - | 333 | 492 | |
47/48 |
- | 5,848 | 6,481 | 4,427 | 6,847 | 10,269 | 1,169 | |
| Income statement | ||||||||
9900 |
68,173 | 19,051 | 9,149 | -39,903 | 39,946 | 11,631 | 51,819 | |
630 |
12,541 | 7,210 | 3,043 | 3,230 | 3,230 | 5,541 | 1,914 | |
631/4 |
- | - | - | - | 11,986 | - | - | |
640/8 |
2,810 | 3,134 | 433 | 2,763 | 2,510 | 1,238 | 423 | |
66A |
- | - | - | - | 4,067 | - | - | |
9901 |
52,822 | 8,707 | 5,673 | -45,896 | 18,153 | 4,852 | 49,481 | |
75/76B |
67 | 0 | 0 | - | - | 1 | - | |
75 |
67 | 0 | 0 | - | - | 1 | - | |
65/66B |
4,364 | 1,502 | 515 | 689 | 3,505 | 256 | 66 | |
65 |
4,364 | 1,502 | 515 | 689 | 3,505 | 256 | 66 | |
9903 |
48,525 | 7,205 | 5,158 | -46,585 | 14,648 | 4,597 | 49,416 | |
67/77 |
5,898 | - | 135 | - | 20,591 | - | - | |
9904 |
42,627 | 7,205 | 5,023 | -46,585 | -5,943 | 4,597 | 49,416 | |
9905 |
42,627 | 7,205 | 5,023 | -46,585 | -5,943 | 4,597 | 49,416 | |
| Appropriation of the result | ||||||||
9906 |
56,340 | 13,713 | 6,508 | 1,485 | 48,070 | 54,013 | 49,416 | |
14P |
13,713 | 6,508 | 1,485 | 48,070 | 54,013 | - | - | |
| Document | ||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548390.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00548390 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00334967 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00195990 | |
| 31-12-2022 | micro format | 07-10-2023 | 2023-00484203 | |
| 31-12-2021 | micro format | 27-09-2022 | 2022-20448495 | |
| 31-12-2020 | micro format | 22-10-2021 | 2021-72700486 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-68400118 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 65,363 | 15,917 | 8,715 | -42,666 | 21,383 | 10,393 | 51,396 | ||
| 55,168 | 14,416 | 8,065 | -43,355 | -2,713 | 10,138 | 51,330 | ||
| 2,000 | 62,426 | 9,136 | 0 | -9,241 | 22,502 | 5,514 | ||
| -5,348 | 3,409 | 3,015 | -1,018 | -2,499 | -12,765 | - | ||
| 29,048 | -16,128 | -4,445 | -3,374 | 42,576 | 46,084 | 45,817 | ||
| 32.5% | 12.5% | 19.7% | 1.5% | 36.1% | 61.7% | 96.4% | ||
| 1.32 | 0.73 | 0.83 | 0.97 | 1.52 | 3.21 | 25.73 | ||
| 2.07 | 7.01 | 4.09 | 66.31 | 1.77 | 0.62 | 0.04 | ||
| 75.7% | 52.5% | 77.2% | - | -12.4% | 8.5% | 100.0% | ||
| 24.6% | 6.6% | 15.2% | -46.6% | -4.5% | 5.3% | 96.4% | ||
| 14.98 | 10.60 | 16.92 | -61.93 | 6.10 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €62,426 | €2,854 | - | - |
| Financial fixed assets | €2,000 | - | €6,282 | - | - |
| €12,541 | €7,210 | €3,043 | €3,230 | €3,230 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 6.1 times that of 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 87.5% to 67.5%. Equity and debt are higher.
FOCO CONSTRUCT has no parent and no holdings in its annual accounts. ALVES de CASTRO is the only director. FOCO CONSTRUCT shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Alsembergsesteenweg 34 registered office 1630 Linkebeek | ||
| FOCO ART DECO CONSTRUCT 39000 Remediation activities and other waste management service activities | 14-09-2018 | 2.279.992.819 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23046C0173/00D002 | 3,134 m² | 1 · 2,007 m² | 15.2 m · 1 |
| 22003A0047/00X008 | 1,134 m² | 1 · 561 m² | 11.6 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0704.610.275
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