FOHECO
ActiveSummary
The computed 12-month bankruptcy probability of FOHECO is 2.5% (moderate). The 2024 annual accounts show equity of €47,131 and a net result of €4,299. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71=
Solvency50▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.33 in 2023; short-term debt: 38.6% and cash: 12.6% of total assets), and 74.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.4%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
1 d early
2022
4 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 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€47,131▲ 10.0%
2023 · €42,832
Total assets
€185,600▲ 32.7%
2023 · €139,858
Net result
€4,299▲ 97.6%
2023 · €2,176
Working capital
€14,108▼ 55.9%
2023 · €31,973
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line202220232024
Operating result€11,690-€6,557▼ 43.9%€12,878▲ 96.4%
Net result€6,629within the sector's middle half-€2,176within the sector's middle half▼ 67.2%€4,299within the sector's middle half▲ 97.6%
Equity€40,656within the sector's middle half-€42,832within the sector's middle half▲ 5.4%€47,131within the sector's middle half▲ 10.0%
Total assets€102,529within the sector's middle half-€139,858within the sector's middle half▲ 36.4%€185,600within the sector's middle half▲ 32.7%
Debt€61,873-€97,026▲ 56.8%€138,469▲ 42.7%
Working capital€36,084within the sector's middle half-€31,973within the sector's middle half▼ 11.4%€14,108within the sector's middle half▼ 55.9%
Solvency39.7%within the sector's middle half-30.6%within the sector's middle half▼ 9.0pp25.4%within the sector's middle half▼ 5.2pp
Current ratio1.67within the sector's middle half-1.33within the sector's middle half▼ 0.341.20within the sector's middle half▼ 0.13
Return on assets (ROA)6.5%within the sector's middle half-1.6%within the sector's middle half▼ 4.9pp2.3%within the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 recovers in 2024; 2024 is 96% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €185,600
Fixed assets
€99,801 ▲ 819%
Current assets
€85,799 ▼ 33.5%
Equity and liabilities €185,600
Equity
€47,131 ▲ 10.0%
Debt
€138,469 ▲ 42.7%
Debt's share of the balance-sheet total rises from 69.4% to 74.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,097▲
2023 · €10,989
Cash flow
€21,519▲
2023 · €6,609
Quick ratio
0.88▼
2023 · 1.19
Debt to equity
2.94▲
2023 · 2.27
ROE
9.1%▲
2023 · 5.1%
Interest coverage
5.86▼
2023 · 6.00
Debt ≤ 1 year
€71,692▼
2023 · €97,026
Debt > 1 year
€66,777
Income taxes
€3,457▲
2023 · €2,586
Staff costs
€1,440
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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%.
| 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 3,273 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €3,604 | €3,113 | €1,856 | ▼ 40.4% |
| Remuneration, social security and pensions62 | €1,818 | - | €1,440 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,805 | €4,433 | €17,220 | ▲ 288% |
| Other operating charges640/8 | €2,088 | €2,279 | €2,331 | ▲ 2.3% |
| Gross operating margin9900 | €19,400 | €13,268 | €33,868 | ▲ 155% |
| Operating profit (loss)9901 | €11,690 | €6,557 | €12,878 | ▲ 96.4% |
| Financial income75/76B | €5 | €35 | €11 | ▼ 69.1% |
| Recurring financial income75 | €5 | €35 | €11 | ▼ 69.1% |
| Financial charges65/66B | €1,275 | €1,830 | €5,133 | ▲ 180% |
| Recurring financial charges65 | €1,275 | €1,830 | €5,133 | ▲ 180% |
| Profit (loss) for the period before taxes9903 | €10,420 | €4,762 | €7,756 | ▲ 62.9% |
| Income taxes67/77 | €3,791 | €2,586 | €3,457 | ▲ 33.7% |
| Profit (loss) for the period9904 | €6,629 | €2,176 | €4,299 | ▲ 97.6% |
| Profit (loss) for the period to be appropriated9905 | €6,629 | €2,176 | €4,299 | ▲ 97.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €102,529 | €139,858 | €185,600 | ▲ 32.7% |
| Fixed assets21/28 | €12,352 | €10,860 | €99,801 | ▲ 819% |
| Tangible fixed assets22/27 | €12,352 | €10,860 | €99,801 | ▲ 819% |
| Plant, machinery and equipment23 | - | €2,312 | €1,519 | ▼ 34.3% |
| Furniture and vehicles24 | €12,352 | €8,548 | €98,282 | ▲ 1,050% |
| Current assets29/58 | €90,176 | €128,999 | €85,799 | ▼ 33.5% |
| Stocks and contracts in progress3 | €20,144 | €13,490 | €22,500 | ▲ 66.8% |
| Stocks30/36 | €4,000 | €4,000 | €4,000 | = |
| Contracts in progress37 | €16,144 | €9,490 | €18,500 | ▲ 94.9% |
| Amounts receivable within one year40/41 | €29,616 | €74,359 | €39,900 | ▼ 46.3% |
| Trade receivables40 | €16,281 | €53,050 | €25,071 | ▼ 52.7% |
| Other amounts receivable41 | €13,335 | €21,309 | €14,829 | ▼ 30.4% |
| Cash at bank and in hand54/58 | €40,416 | €39,738 | €23,399 | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | €1,412 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €102,529 | €139,858 | €185,600 | ▲ 32.7% |
| Equity10/15 | €40,656 | €42,832 | €47,131 | ▲ 10.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | €3,000 | €3,000 | €3,000 | = |
| Share premium1100/10 | €3,000 | €3,000 | - | - |
| Other1109/19 | - | - | €3,000 | - |
| Reserves13 | €37,656 | €39,832 | €44,131 | ▲ 10.8% |
| Distributable reserves133 | €37,656 | €39,832 | €44,131 | ▲ 10.8% |
| Amounts payable17/49 | €61,873 | €97,026 | €138,469 | ▲ 42.7% |
| Amounts payable after more than one year17 | €7,780 | - | €66,777 | - |
| Financial debts170/4 | €7,780 | - | €66,777 | - |
| Amounts payable within one year42/48 | €54,092 | €97,026 | €71,692 | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | €7,500 | €17,780 | €19,637 | ▲ 10.4% |
| Financial debts43 | €10,000 | - | €10,000 | - |
| Credit institutions430/8 | €10,000 | - | €10,000 | - |
| Trade debts44 | €11,943 | €48,399 | €5,266 | ▼ 89.1% |
| Suppliers440/4 | €11,943 | €48,399 | €5,266 | ▼ 89.1% |
| Taxes, remuneration and social security45 | €15,500 | €2,886 | €5,744 | ▲ 99.0% |
| Taxes450/3 | €15,500 | €2,886 | €5,744 | ▲ 99.0% |
| Other amounts payable47/48 | €9,149 | €27,961 | €31,045 | ▲ 11.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,629 | €2,176 | €4,299 | ▲ 97.6% |
| + Depreciation and write-downs630 | €3,805 | €4,433 | €17,220 | ▲ 288% |
| Operating cash flow (approximation) | €10,434 | €6,609 | €21,519 | ▲ 226% |
| Investment in fixed assets (approximation) | - | -€2,940 | -€106,161 | ▼ 3,511% |
| Change in cash | - | -€679 | -€16,339 | ▼ 2,307% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2,176 ▼67.2%
Net result drops to €2,176, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2020
Ground area
352 m²
Building footprint
236 m²
Volume, LiDAR
2,634 m³
Parcel 11342A0330/00X007, Flanders · tallest building 15.5 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FOHECO
since 20202.306.342.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11342A0330/00X007 | Flanders | 352 m² | 1 · 236 m² | 15.4 m · 5 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 7,043 companies in sector 43221 we hold annual accounts for 3,475. 2,961 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
Founded27-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751479091
Also
9925:BE0751479091
Registered
19-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.