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FONCIBEL

Active
Public limited companyfounded 200620 yrs activeChaussée de Nivelles 167, 7181 Seneffe, BelgiumKBO/BCE: BE 0881.085.543
Summary

The annual accounts of FONCIBEL for fiscal year 2025 show a net loss of 91% of total assets. The 2025 annual accounts show equity of €10.8m and a net result of -€9.9m. Equity remains stable across the filed fiscal years (±0.2% per year). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
FONCIBELActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Activity not known
Size
€10.9mtotal assets 2025
Equity
€10.8m
Loss
-€9.9m
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Parent
GALIMMO REAL ESTATE · 100%
Holdings
2
Accounts 39 d early0 of 25 deeds read
Why 55Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €9.9m, the second in a row (FY 2025)- 1 change of registered office in 24 months+ Size: total assets €10.9m+ Figures for FY 2025 (filed 22-06-2026)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 45% of its sector peers (no NACE code, medium-sized)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100+51
equity 99.1% of total assets
Liquidity 100+47
short-term debt 0.9% · cash 100.0%
Profitability 0-36
return on assets -90.9%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%▲ +12.4% vs 12-2024 02-2025: 0.1%▲ +0.9% vs 01-2025 03-2025: 0.1%▲ +1.8% vs 02-2025 04-2025: 0.1%▼ -6.3% vs 03-2025 05-2025: 0.1%▲ +8.6% vs 04-2025 06-2025: 0.1%▲ +15.8% vs 05-2025 07-2025: 0.2%▲ +51.5% vs 06-2025 08-2025: 0.4%▲ +96.5% vs 07-2025 09-2025: 0.1%▼ -73.3% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.4%▲ +244% vs 11-2025 01-2026: 0.4%▲ +10.8% vs 12-2025 02-2026: 0.4%▲ +1.3% vs 01-2026 03-2026: 0.4%▲ +1.2% vs 02-2026 04-2026: 0.4%▼ -0.2% vs 03-2026 05-2026: 0.5%▲ +29.6% vs 04-2026 06-2026: 0.6%▲ +16.0% vs 05-2026highest value 07-2026: 0.3%▼ -44.2% vs 06-2026 08-2026: 0.3%● 0.0% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026
  • Size: total assets €10.9m lowers the probability for this profile
  • Loss of €9.9m, the second in a row (FY 2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Figures for FY 2025 (filed 22-06-2026) lowers the probability
Credit up to €550,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
short-term debt: 0.9% and cash: 100% of total assets, and 0.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 74%, liquidity 99%, profitability 2%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €10.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €9.9m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Figures for FY 2025 (filed 22-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9.9m
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 d early
2024
18 d late
2023
13 d late
2022
56 d early
2021
52 d early
2020
33 d early
2019
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 28 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 22 June (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€9.9m
  3. Liquidity times 92current ratio 112.97

Key points

  • Caution: Result fell in 2025from -€430,075 to -€9.9m ▼ 2,208% View
  • Controlled by GALIMMO REAL ESTATEultimately: "LDz Compagnie franco-belge de… 100% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€9.9m View

By topic

Financials

Fiscal year
2025
Total assets
€10.9m
Loss
-€9.9m
Solvency
99.1%
Total assets▼ 87.3%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 22-06-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 31-12-2025Liquidity times 92
Go to Timeline

Company details

Legal form
Public limited company
Founded
03-05-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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