FP140
ActiveSummary
FP140 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€633,216) and a net result of €27,468. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-45
Solvency0=
Growth27▼-16
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 1.27 in 2024; short-term debt: 37.4% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 →
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 2025Solvency, return and age of the figures
Solvency
-24.9%
Return on assets
1.1%
Age of the figures
18 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 9294 sector peers (2025).
NBB · sector comparisonPosition among 9294 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
on the day
2021
3 d late
2020
2 d early
2019
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€359,731▼ 5.0%
2021 · €378,524
EBIT margin
39.9%▲ 309.5pp
2021 · -269.6%
Net result
€27,468▼ 88.0%
2024 · €228,372
Working capital
-€543,268
2024 · €106,288
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Turnover€378,524▲ 6.9%€359,731▼ 5.0%
Operating result-€1.0m€143,561€249,555▲ 73.8%€270,222▲ 8.3%€70,972▼ 73.7%
Net result-€2.5mbelow the sector's middle half▼ 207%€104,938within the sector's middle half€207,844above the sector's middle half▲ 98.1%€228,372above the sector's middle half▲ 9.9%€27,468within the sector's middle half▼ 88.0%
EBIT margin-269.6%▼ 793.7pp39.9%▲ 309.5pp
Equity-€1.2mbelow the sector's middle half-€1.1mbelow the sector's middle half▲ 8.7%-€889,057below the sector's middle half▲ 18.9%-€660,685below the sector's middle half▲ 25.7%-€633,216below the sector's middle half▲ 4.2%
Total assets€3.0mwithin the sector's middle half▼ 4.0%€1.9mwithin the sector's middle half▼ 35.5%€2.0mwithin the sector's middle half▲ 3.5%€2.1mwithin the sector's middle half▲ 7.4%€2.5mwithin the sector's middle half▲ 20.3%
Debt€4.2m▲ 153%€3.0m▼ 27.8%€2.9m▼ 4.7%€2.8m▼ 2.9%€3.2m▲ 14.5%
Working capital€1.1m▲ 37.7%€110,786▼ 90.0%€175,374▲ 58.3%€106,288▼ 39.4%-€543,268
Solvency-40.7%below the sector's middle half▼ 82.7pp-57.6%below the sector's middle half▼ 16.9pp-45.1%below the sector's middle half▲ 12.5pp-31.2%below the sector's middle half▲ 13.9pp-24.9%below the sector's middle half▲ 6.4pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result +98% on 2022. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.1m ▲ 32.2%
Current assets
€408,810 ▼ 18.1%
Key figures and ratios
EBITDA
€105,528▼
2024 · €297,257
Cash flow
€62,024▼
2024 · €255,407
Current ratio
0.43▼
2024 · 1.27
Debt to equity
-5.02▼
2024 · -4.20
ROA
1.1%▼
2024 · 10.8%
Interest coverage
2.08▼
2024 · 7.24
Debt ≤ 1 year
€952,078▲
2024 · €393,097
Debt > 1 year
€2.2m▼
2024 · €2.4m
Income taxes
€0▼
2024 · €815
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 522 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
3.6%
went bankrupt
1.7%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 522 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €397,745 | - | - | - | - |
| Turnover70 | €378,524 | €359,731 | - | - | - | - |
| Other operating income74 | - | €38,015 | - | - | - | - |
| Operating charges60/66A | - | €254,185 | - | - | - | - |
| Services and other goods61 | - | €154,165 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,074 | €29,669 | €24,621 | €27,035 | €34,555 | ▲ 27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,000 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €70,351 | €30,191 | €14,309 | €138,506 | ▲ 868% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | - | - | €305,367 | €311,566 | €244,034 | ▼ 21.7% |
| Operating profit (loss)9901 | -€1.0m | €143,561 | €249,555 | €270,222 | €70,972 | ▼ 73.7% |
| Financial income75/76B | - | €1 | €1,254 | €0 | €7,138 | - |
| Recurring financial income75 | €2 | €1 | €1,254 | €0 | €7,138 | - |
| Other financial income752/9 | - | €1 | - | - | - | - |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €38,561 | €42,567 | €41,035 | €50,642 | ▲ 23.4% |
| Recurring financial charges65 | €2.2m | €26,824 | €42,567 | €41,035 | €50,642 | ▲ 23.4% |
| Debt charges650 | €21,011 | €40,881 | - | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | -€15,500 | - | - | - | - |
| Other financial charges652/9 | - | €1,442 | - | - | - | - |
| Non-recurring financial charges66B | - | €11,737 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2.5m | €105,001 | €208,241 | €229,187 | €27,468 | ▼ 88.0% |
| Income taxes67/77 | €0 | €63 | €397 | €815 | €0 | ▼ 100% |
| Taxes670/3 | - | €63 | - | - | - | - |
| Profit (loss) for the period9904 | -€2.5m | €104,938 | €207,844 | €228,372 | €27,468 | ▼ 88.0% |
| Profit (loss) for the period to be appropriated9905 | -€2.5m | €104,938 | €207,844 | €228,372 | €27,468 | ▼ 88.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €1.9m | €2.0m | €2.1m | €2.5m | ▲ 20.3% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €1.6m | €2.1m | ▲ 32.2% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.4m | €1.5m | €2.0m | ▲ 34.3% |
| Land and buildings22 | - | €1.4m | €1.4m | €1.5m | €2.0m | ▲ 34.3% |
| Other tangible fixed assets26 | - | €861 | €592 | €324 | €56 | ▼ 82.7% |
| Financial fixed assets28 | €187,286 | €97,286 | €97,286 | €97,286 | €97,286 | = |
| Other financial fixed assets284/8 | - | €97,286 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €97,286 | - | - | - | - |
| Current assets29/58 | €1.4m | €402,743 | €479,955 | €499,385 | €408,810 | ▼ 18.1% |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €226,864 | €269,614 | €374,318 | €399,230 | ▲ 6.7% |
| Trade receivables40 | - | €91,862 | €28,559 | €55,191 | €56,227 | ▲ 1.9% |
| Other amounts receivable41 | - | €135,002 | €241,055 | €319,127 | €343,003 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €128,936 | €31,544 | €80,728 | €6,305 | €816 | ▼ 87.1% |
| Deferred charges and accrued income490/1 | - | €144,335 | €129,614 | €118,762 | €8,764 | ▼ 92.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €1.9m | €2.0m | €2.1m | €2.5m | ▲ 20.3% |
| Equity10/15 | -€1.2m | -€1.1m | -€889,057 | -€660,685 | -€633,216 | ▲ 4.2% |
| Contributions10/11 | €835,524 | €835,524 | €835,524 | €835,524 | €835,524 | = |
| Capital10 | - | €835,524 | €835,524 | €835,524 | €835,524 | = |
| Issued capital100 | - | €835,524 | €835,524 | €835,524 | €835,524 | = |
| Reserves13 | €454,926 | €454,926 | €454,926 | €454,926 | €454,926 | = |
| Non-distributable reserves130/1 | - | €82,605 | €82,605 | €82,605 | €82,605 | = |
| Legal reserve130 | - | €82,605 | €82,605 | €82,605 | €82,605 | = |
| Distributable reserves133 | - | €372,322 | €372,322 | €372,322 | €372,322 | = |
| Profit (loss) carried forward14 | -€2.5m | -€2.4m | -€2.2m | -€2.0m | -€1.9m | ▲ 1.4% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €4.2m | €3.0m | €2.9m | €2.8m | €3.2m | ▲ 14.5% |
| Amounts payable after more than one year17 | €3.8m | €2.7m | €2.5m | €2.4m | €2.2m | ▼ 7.0% |
| Financial debts170/4 | - | €2.3m | €2.1m | €1.9m | €1.8m | ▼ 8.5% |
| Credit institutions173 | - | €2.3m | - | - | - | - |
| Other amounts payable178/9 | - | €436,581 | €436,581 | €436,581 | €436,581 | = |
| Amounts payable within one year42/48 | €305,625 | €291,957 | €304,581 | €393,097 | €952,078 | ▲ 142% |
| Current portion of amounts payable after more than one year42 | - | €157,913 | €160,399 | €163,115 | €165,781 | ▲ 1.6% |
| Financial debts43 | - | - | - | €24,031 | €549,883 | ▲ 2,188% |
| Credit institutions430/8 | - | - | - | €24,031 | €549,883 | ▲ 2,188% |
| Trade debts44 | €4,502 | €3,028 | €13,996 | €84,404 | €86,583 | ▲ 2.6% |
| Suppliers440/4 | - | €3,028 | €13,996 | €84,404 | €86,583 | ▲ 2.6% |
| Taxes, remuneration and social security45 | - | €123,512 | €129,436 | €117,087 | €128,121 | ▲ 9.4% |
| Taxes450/3 | - | €123,512 | €129,436 | €117,087 | €128,121 | ▲ 9.4% |
| Other amounts payable47/48 | - | €7,505 | €751 | €4,460 | €21,710 | ▲ 387% |
| Accrued charges and deferred income492/3 | - | €1,023 | €8,123 | €0 | €9,683 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.5m | €104,938 | €207,844 | €228,372 | €27,468 | ▼ 88.0% |
| + Depreciation and write-downs630 | €34,074 | €29,669 | €24,621 | €27,035 | €34,555 | ▲ 27.8% |
| Operating cash flow (approximation) | -€2.5m | €134,607 | €232,465 | €255,407 | €62,024 | ▼ 75.7% |
| Investment in fixed assets (approximation) | - | €13,755 | -€14,578 | -€153,256 | -€555,482 | ▼ 262% |
| Change in cash | - | -€97,392 | €49,184 | -€74,423 | -€5,489 | ▲ 92.6% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €228,372 ▲9.9%
Net result €228,372, the highest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €104,938
Net result €104,938 after 2 loss-making years.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
31-03
Financial
Weakest financial yearnet -€2.5m
Net result drops to -€2.5m, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 4.61
Current ratio from 2.02 to 4.61; short-term debt falls from €785,844 to €305,625.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Liquidity triplescurrent ratio 2.02
Current ratio from 0.69 to 2.02; short-term debt falls from €1.4m to €785,844.
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-09
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 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Antwerpen · 1 establishment unit since 2013
Ground area
205 m²
Building footprint
166 m²
Volume, LiDAR
1,855 m³
Parcel 11809I2313/00P002, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
NEW EDU
since 20132.219.072.661
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2313/00P002 | Flanders | 205 m² | 1 · 166 m² | 15.7 m · 4 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- PLUS MINUS
- FP140
Highest known parent: PLUS MINUS. The sources do not say who stands above it.
Owners 1
- PLUS MINUSparentSourceaccounts PLUS MINUS 2025100%
Holdings 1
-
94.65%
According to the annual accounts to 31-03-2025 of FP140 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,063 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
Founded28-03-2013
Fiscal year end31-03
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0525646265
Also
9925:BE0525646265
Registered
19-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.