Foubert Projects
ActiveSummary
Foubert Projects has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €65,295 and a net result of €26,538. Equity has been growing by about 39% per year since 2023. Its solvency ranks better than 82% of 410 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-01-2022 Normal situation
- Activity
- Agents in the wholesale of furniture, household goods and hardware NACE 46150and 3 others
- Establishment unit
- 2.327.321.493 2880 Bornem, since 28-01-2022
- Financial year end
- 31 March
- Peppol
- Reachable since 02-05-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €48,766
- ▼ 23.4%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €26,538
- ▼ 41.6%
- Equity
- €65,295
- ▼ 17.1%
- Total assets
- €84,037
- ▼ 20.1%
Score breakdownraises risk1 change of registered office in 24 monthsFounded in 2022lowers riskLiquidity: current ratio 4.15, cash €57,721Equity €65,295 (77.7% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 46, micro). It does better than 90% of them on solvency, 91% on liquidity, 95% on profitability and 21% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 28 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 02-10-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2026 is 26% lower than in 2025.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|
| Tangible fixed assets | - | €13,813 | - | - |
| Depreciation and write-downs of the year | - | €2,072 | €2,763 | €2,763 |
Source: notes to the 2023 to 2026 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,072 | €2,763 | €2,763 | = |
| Other operating charges640/8 | €548 | €533 | €1,377 | €1,958 | ▲ 42.2% |
| Gross operating margin9900 | €32,317 | €14,793 | €63,682 | €48,766 | ▼ 23.4% |
| Operating profit (loss)9901 | €31,769 | €12,188 | €59,542 | €44,045 | ▼ 26.0% |
| Financial charges65/66B | €29 | €84 | €94 | €93 | ▼ 1.1% |
| Recurring financial charges65 | €29 | €84 | €94 | €93 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €31,740 | €12,104 | €59,448 | €43,952 | ▼ 26.1% |
| Income taxes67/77 | €11,649 | €3,887 | €13,999 | €17,414 | ▲ 24.4% |
| Profit (loss) for the period9904 | €20,091 | €8,217 | €45,449 | €26,538 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €20,091 | €8,217 | €45,449 | €26,538 | ▼ 41.6% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €44,365 | €48,015 | €105,237 | €84,037 | ▼ 20.1% |
| Fixed assets21/28 | - | €11,741 | €8,978 | €6,215 | ▼ 30.8% |
| Tangible fixed assets22/27 | - | €11,741 | €8,978 | €6,215 | ▼ 30.8% |
| Furniture and vehicles24 | - | €11,741 | €8,978 | €6,215 | ▼ 30.8% |
| Current assets29/58 | €44,365 | €36,274 | €96,259 | €77,822 | ▼ 19.2% |
| Amounts receivable within one year40/41 | €17,214 | €32,200 | €46,900 | €20,101 | ▼ 57.1% |
| Trade receivables40 | €17,214 | €32,200 | €46,900 | €20,101 | ▼ 57.1% |
| Cash at bank and in hand54/58 | €27,151 | €4,074 | €49,359 | €57,721 | ▲ 16.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €44,365 | €48,015 | €105,237 | €84,037 | ▼ 20.1% |
| Equity10/15 | €25,091 | €33,308 | €78,757 | €65,295 | ▼ 17.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Contributions outside capital11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Other1109/19 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €20,091 | €28,308 | €73,757 | €60,295 | ▼ 18.3% |
| Distributable reserves133 | €20,091 | €28,308 | €73,757 | €60,295 | ▼ 18.3% |
| Amounts payable17/49 | €19,274 | €14,707 | €26,480 | €18,742 | ▼ 29.2% |
| Amounts payable within one year42/48 | €19,274 | €14,707 | €26,480 | €18,742 | ▼ 29.2% |
| Trade debts44 | €276 | €795 | €277 | €1,345 | ▲ 386% |
| Suppliers440/4 | €276 | €795 | €277 | €1,345 | ▲ 386% |
| Taxes, remuneration and social security45 | €18,800 | €13,865 | €26,185 | €17,322 | ▼ 33.8% |
| Taxes450/3 | €18,800 | €13,865 | €26,185 | €17,322 | ▼ 33.8% |
| Other amounts payable47/48 | €198 | €47 | €18 | €75 | ▲ 317% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,091 | €8,217 | €45,449 | €26,538 | ▼ 41.6% |
| + Depreciation and write-downs630 | - | €2,072 | €2,763 | €2,763 | = |
| Operating cash flow (approximation) | €20,091 | €10,289 | €48,212 | €29,301 | ▼ 39.2% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | -€23,077 | €45,285 | €8,362 | ▼ 81.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Foubert Projects has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Foubert Projects itself is lower: 0.3% within 12 months. It rests on far more data about Foubert Projects than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for Foubert Projects. 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.
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 01-02-2022 (in Dutch)
Network & group
Foubert Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Foubert Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-05
Gazette deed
Registered office moved from Sint-Niklaas to BornemNew seat: Wolfgang d'Urselstraat 40, bus 1, 2880 Bornem · Previous seat: Nobels-Peelmanstraat 10, 9100 Sint-Niklaas2 points ▸
- General meeting, 06-01-2025
- Registered-office move, Wolfgang d'Urselstraat 40,bus 1,2880 Bornem
01-02
Gazette deed
IncorporationAppointment: Foubert Sacha (director) · Founding capital · Board rule7 points ▸
- Founding capital, €5,000, mentioned 2 times in the deed
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, Foubert Sacha (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening vennootschap in oprichting” (deed in Dutch)
- Registered office clause, “9100 Sint-Niklaas,Nobels Peelmanstraat 10” (deed in Dutch)
- Incorporation, 26-01-2022
- Founder, Foubert Sacha
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Nobels-Peelmanstraat 10, 9100 Sint-Niklaas until 06-01-2025 · act of 21-05-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12015A0575/00R000 | Flanders | 2,440 m² | 1 · 153 m² | 10.6 m · 3 |