FOUGINVEST
ActiveSummary
FOUGINVEST has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.42M and a net result of €163k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+20
Solvency71▼-7
Growth46=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 3.22 in 2024; short-term debt: 8.9% and cash: 19.6% of total assets), but 54.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.6%
Return on assets
2.2%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
17 d early
2023
14 d early
2022
21 d early
2021
17 d early
2020
24 d early
2019
25 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€759k▲ 0.3%
2024 · €757k
2018: €745klowest in 8 years
2019: €746k▲ +0.1% vs 2018
2020: €747k▲ +0.1% vs 2019
2021: €747k▲ +0.1% vs 2020
2022: €749k▲ +0.2% vs 2021
2023: €754k▲ +0.7% vs 2022
2024: €757k▲ +0.3% vs 2023
2025: €759k▲ +0.3% vs 2024highest in 8 years
2018 → 2025
EBIT margin
39.1%▲ 20.6pp
2024 · 18.5%
2018: 48.4%
2019: 51.2%▲ +5.8% vs 2018
2020: 53.3%▲ +4.0% vs 2019
2021: 57.7%▲ +8.3% vs 2020
2022: 59.3%▲ +2.8% vs 2021highest in 8 years
2023: 49.4%▼ -16.7% vs 2022
2024: 18.5%▼ -62.5% vs 2023lowest in 8 years
2025: 39.1%▲ +111% vs 2024
2018 → 2025
Net result
€163k
2024 · €-759
2018: €206k
2019: €200k▼ -2.9% vs 2018
2020: €164k▼ -17.7% vs 2019
2021: €286k▲ +74.1% vs 2020
2022: €311k▲ +8.8% vs 2021highest in 8 years
2023: €235k▼ -24.7% vs 2022
2024: €-759▼ -100% vs 2023lowest in 8 years
2025: €163k▲ +21600% vs 2024
2018 → 2025
Working capital
€933k▲ 21.2%
2024 · €770k
2018: €-376klowest in 8 years
2019: €-189k▲ +49.7% vs 2018
2020: €-20k▲ +89.3% vs 2019
2021: €246k▲ +1314% vs 2020
2022: €312k▲ +26.8% vs 2021
2023: €575k▲ +84.3% vs 2022
2024: €770k▲ +34.1% vs 2023
2025: €933k▲ +21.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€747k-€749k▲ 0.2%€754k▲ 0.7%€757k▲ 0.3%€759k▲ 0.3%
2021: €747klowest in 5 years
2022: €749k▲ +0.2% vs 2021
2023: €754k▲ +0.7% vs 2022
2024: €757k▲ +0.3% vs 2023
2025: €759k▲ +0.3% vs 2024highest in 5 years
Equity€2.71M-€3.03M▲ 11.5%€3.26M▲ 7.8%€3.26M=€3.42M▲ 5.0%
2021: €2.71Mlowest in 5 years
2022: €3.03M▲ +11.5% vs 2021
2023: €3.26M▲ +7.8% vs 2022
2024: €3.26M● -0.0% vs 2023
2025: €3.42M▲ +5.0% vs 2024highest in 5 years
Operating result€431k-€444k▲ 3.0%€373k▼ 16.1%€140k▼ 62.4%€297k▲ 112%
2021: €431k
2022: €444k▲ +3.0% vs 2021highest in 5 years
2023: €373k▼ -16.1% vs 2022
2024: €140k▼ -62.4% vs 2023lowest in 5 years
2025: €297k▲ +112% vs 2024
Net result€286k-€311k▲ 8.8%€235k▼ 24.7%€-759€163k
2021: €286k
2022: €311k▲ +8.8% vs 2021highest in 5 years
2023: €235k▼ -24.7% vs 2022
2024: €-759▼ -100% vs 2023lowest in 5 years
2025: €163k▲ +21600% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 112% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.50M
Fixed assets
€5.90M ▲ 16.3%
Current assets
€1.60M ▲ 43.2%
Equity and liabilities €7.50M
Equity
€3.42M ▲ 5.0%
Debt
€4.08M ▲ 39.2%
Debt's share of the balance-sheet total rises from 47.3% to 54.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€579k▲
2024 · €386k
Cash flow
€445k▲
2024 · €245k
Current ratio
2.40▼
2024 · 3.22
Debt to equity
1.19▲
2024 · 0.90
ROE
4.8%▲
2024 · 0.0%
ROA
2.2%▲
2024 · 0.0%
Interest coverage
7.91▲
2024 · 2.76
Debt ≤ 1 year
€667k▲
2024 · €347k
Debt > 1 year
€3.41M▲
2024 · €2.58M
Income taxes
€60k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.19M€7.50M▲
Formation expenses20€0€0=
Fixed assets21/28€5.07M€5.90M▲
Tangible fixed assets22/27€5.07M€5.90M▲
Land and buildings22€4.95M€5.80M▲
Plant, machinery and equipment23€124k€96k▼
Furniture and vehicles24€0€3k▲
Leasing and similar rights25€0€0=
Other tangible fixed assets26€0€0=
Current assets29/58€1.12M€1.60M▲
Amounts receivable within one year40/41€181k€134k▼
Trade receivables40€0-
Other amounts receivable41€181k€134k▼
Cash at bank and in hand54/58€936k€1.47M▲
Equity and liabilities
Total equity and liabilities10/49€6.19M€7.50M▲
Equity10/15€3.26M€3.42M▲
Contributions10/11€188k€188k=
Capital10€186k€186k=
Issued capital100€186k€186k=
Outside capital11€1k€1k=
Share premium1100/10€1k€1k=
Reserves13€19k€19k=
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Profit (loss) carried forward14€3.05M€3.22M▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Environmental obligations163€0-
Amounts payable17/49€2.93M€4.08M▲
Amounts payable after more than one year17€2.58M€3.41M▲
Financial debts170/4€2.58M€3.41M▲
Amounts payable within one year42/48€347k€667k▲
Current portion of amounts payable after more than one year42€115k€205k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€132k€383k▲
Suppliers440/4€132k€383k▲
Taxes, remuneration and social security45€20k€0▼
Taxes450/3€20k€0▼
Other amounts payable47/48€80k€80k=
Income statement
Code20242025
Turnover70€757k€759k▲
Non-recurring operating income76A€94k-
Goods, raw materials, services and sundry goods60/61€401k€112k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€246k€282k▲
Other operating charges640/8€64k€68k▲
Gross operating margin9900€450k€647k▲
Operating profit (loss)9901€140k€297k▲
Financial income75/76B€2€1▼
Recurring financial income75€2€1▼
Financial charges65/66B€140k€73k▼
Recurring financial charges65€140k€73k▼
Profit (loss) for the period before taxes9903€542€224k▲
Income taxes67/77€1k€60k▲
Profit (loss) for the period9904€-759€163k▲
Profit (loss) for the period to be appropriated9905€-759€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.05M€3.22M▲
Profit (loss) brought forward from the previous period14P€3.05M€3.05M=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €747k | €749k | €754k | €757k | €759k | ▲ 0.3% |
| Non-recurring operating income76A | €6k | - | - | €94k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €88k | €71k | €136k | €401k | €112k | ▼ 72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €179k | €177k | €219k | €246k | €282k | ▲ 14.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-35k | - | - | - |
| Other operating charges640/8 | €55k | €56k | €62k | €64k | €68k | ▲ 5.9% |
| Gross operating margin9900 | €665k | €677k | €618k | €450k | €647k | ▲ 43.8% |
| Operating profit (loss)9901 | €431k | €444k | €373k | €140k | €297k | ▲ 112% |
| Financial income75/76B | - | - | - | €2 | €1 | ▼ 43.5% |
| Recurring financial income75 | - | - | - | €2 | €1 | ▼ 43.5% |
| Financial charges65/66B | €46k | €35k | €58k | €140k | €73k | ▼ 47.5% |
| Recurring financial charges65 | €46k | €35k | €58k | €140k | €73k | ▼ 47.5% |
| Profit (loss) for the period before taxes9903 | €386k | €410k | €315k | €542 | €224k | ▲ 41,137% |
| Income taxes67/77 | €99k | €98k | €80k | €1k | €60k | ▲ 4,541% |
| Profit (loss) for the period9904 | €286k | €311k | €235k | €-759 | €163k | ▲ 21,600% |
| Profit (loss) for the period to be appropriated9905 | €286k | €311k | €235k | €-759 | €163k | ▲ 21,600% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.64M | €3.85M | €4.96M | €6.19M | €7.50M | ▲ 21.2% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €3.06M | €3.12M | €4.01M | €5.07M | €5.90M | ▲ 16.3% |
| Tangible fixed assets22/27 | €3.06M | €3.12M | €4.01M | €5.07M | €5.90M | ▲ 16.3% |
| Land and buildings22 | €2.98M | €2.94M | €3.86M | €4.95M | €5.80M | ▲ 17.3% |
| Plant, machinery and equipment23 | €78k | €177k | €149k | €124k | €96k | ▼ 22.2% |
| Furniture and vehicles24 | €0 | €0 | €0 | €0 | €3k | - |
| Leasing and similar rights25 | €0 | €0 | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | €3k | €1k | €0 | €0 | €0 | - |
| Current assets29/58 | €578k | €728k | €950k | €1.12M | €1.60M | ▲ 43.2% |
| Amounts receivable within one year40/41 | €172k | €117k | €121k | €181k | €134k | ▼ 26.0% |
| Trade receivables40 | €0 | €0 | €0 | €0 | - | - |
| Other amounts receivable41 | €172k | €117k | €121k | €181k | €134k | ▼ 26.0% |
| Cash at bank and in hand54/58 | €406k | €612k | €830k | €936k | €1.47M | ▲ 56.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.64M | €3.85M | €4.96M | €6.19M | €7.50M | ▲ 21.2% |
| Equity10/15 | €2.71M | €3.03M | €3.26M | €3.26M | €3.42M | ▲ 5.0% |
| Contributions10/11 | €188k | €188k | €188k | €188k | €188k | = |
| Capital10 | €186k | €186k | €186k | €186k | €186k | = |
| Issued capital100 | €186k | €186k | €186k | €186k | €186k | = |
| Outside capital11 | €1k | €1k | €1k | €1k | €1k | = |
| Share premium1100/10 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €19k | €19k | €19k | €19k | €19k | = |
| Non-distributable reserves130/1 | €19k | €19k | €19k | €19k | €19k | = |
| Legal reserve130 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €2.51M | €2.82M | €3.05M | €3.05M | €3.22M | ▲ 5.3% |
| Provisions and deferred taxes16 | €130k | €130k | €94k | €0 | - | - |
| Provisions for liabilities and charges160/5 | €130k | €130k | €94k | €0 | - | - |
| Major repairs and maintenance162 | €35k | €35k | €0 | - | - | - |
| Environmental obligations163 | €94k | €94k | €94k | €0 | - | - |
| Amounts payable17/49 | €795k | €692k | €1.61M | €2.93M | €4.08M | ▲ 39.2% |
| Amounts payable after more than one year17 | €463k | €276k | €1.23M | €2.58M | €3.41M | ▲ 32.1% |
| Financial debts170/4 | €463k | €276k | €1.23M | €2.58M | €3.41M | ▲ 32.1% |
| Amounts payable within one year42/48 | €332k | €416k | €376k | €347k | €667k | ▲ 92.1% |
| Current portion of amounts payable after more than one year42 | €153k | €140k | €201k | €115k | €205k | ▲ 78.6% |
| Financial debts43 | €12 | €20 | €0 | €0 | - | - |
| Credit institutions430/8 | €12 | €20 | €0 | €0 | - | - |
| Trade debts44 | €48k | €114k | €75k | €132k | €383k | ▲ 189% |
| Suppliers440/4 | €48k | €114k | €75k | €132k | €383k | ▲ 189% |
| Taxes, remuneration and social security45 | €49k | €82k | €20k | €20k | €0 | ▼ 100% |
| Taxes450/3 | €49k | €82k | €20k | €20k | €0 | ▼ 100% |
| Other amounts payable47/48 | €83k | €80k | €80k | €80k | €80k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €286k | €311k | €235k | €-759 | €163k | ▲ 21,600% |
| + Depreciation and write-downs630 | €179k | €177k | €219k | €246k | €282k | ▲ 14.9% |
| Operating cash flow (approximation) | €465k | €488k | €454k | €245k | €445k | ▲ 81.9% |
| Investment in fixed assets (approximation) | - | €-236k | €-1.11M | €-1.31M | €-1.11M | ▲ 14.9% |
| Change in cash | - | €206k | €218k | €107k | €530k | ▲ 397% |
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 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €163k
Net result €163k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-759
Net result drops to €-759, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €311k ▲8.8%
Operating result €444k, net result €311k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Seraing
Ground area
1,197 m²
Building footprint
258 m²
Volume, LiDAR
1,919 m³
Parcel 62343C0023/00H005, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62343C0023/00H005 | Wallonia | 1,197 m² | 1 · 258 m² | 10.1 m · 3 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.
Similar companies · same sector, comparable size
LA FINANCIERE WAVRIENNE
BE 0447.075.176
Wavre · Eq €3,424,423
IMMOBILIERE DU EATMARKET
BE 0686.764.750
Ternat · Eq €3,419,500
MATRALAT
BE 0880.255.303
Wellen · Eq €3,425,064
JOVAMM REAL ESTATE
BE 0752.596.472
Antwerpen · Eq €3,417,257
CRL PROPERTIES
BE 0890.635.093
Fontaine-l'Evêque · Eq €3,414,502
Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 3,672 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.