FPF
ActiveSummary
FPF has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.45M and a net result of €47k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 35% 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
Profitability50▲+27
Solvency48▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.27 in 2024; short-term debt: 29% and cash: 3.7% of total assets), and 77.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
22.7%
Return on assets
0.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
9 d early
2023
14 d early
2022
13 d early
2021
31 d late
2020
31 d late
2019
63 d late
← 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
Not included in this filing
EBIT margin
Not included in this filing
Net result
€47k
2024 · €-136k
2018: €-13k
2019: €178k▲ +1493% vs 2018
2020: €142k▼ -19.9% vs 2019
2021: €261k▲ +83.0% vs 2020highest in 8 years
2022: €92k▼ -64.9% vs 2021
2023: €12k▼ -87.4% vs 2022
2024: €-136k▼ -1283% vs 2023lowest in 8 years
2025: €47k▲ +134% vs 2024
2018 → 2025
Working capital
€-1.12M▲ 36.3%
2024 · €-1.76M
2018: €-565k
2019: €-492k▲ +13.0% vs 2018
2020: €-540k▼ -9.8% vs 2019
2021: €-375k▲ +30.6% vs 2020
2022: €-66k▲ +82.3% vs 2021highest in 8 years
2023: €-781k▼ -1076% vs 2022
2024: €-1.76M▼ -125% vs 2023lowest in 8 years
2025: €-1.12M▲ +36.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.51M-€1.61M▲ 6.0%€1.62M▲ 0.7%€1.48M▼ 8.4%€1.45M▼ 2.2%
2021: €1.51M
2022: €1.61M▲ +6.0% vs 2021
2023: €1.62M▲ +0.7% vs 2022highest in 5 years
2024: €1.48M▼ -8.4% vs 2023
2025: €1.45M▼ -2.2% vs 2024lowest in 5 years
Operating result€389k-€218k▼ 43.8%€88k▼ 59.6%€-553€332k
2021: €389khighest in 5 years
2022: €218k▼ -43.8% vs 2021
2023: €88k▼ -59.6% vs 2022
2024: €-553▼ -101% vs 2023lowest in 5 years
2025: €332k▲ +60177% vs 2024
Net result€261k-€92k▼ 64.9%€12k▼ 87.4%€-136k€47k
2021: €261khighest in 5 years
2022: €92k▼ -64.9% vs 2021
2023: €12k▼ -87.4% vs 2022
2024: €-136k▼ -1283% vs 2023lowest in 5 years
2025: €47k▲ +134% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €332k after a loss of €553 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.39M
Fixed assets
€5.66M ▲ 6.4%
Current assets
€730k ▲ 10.9%
Equity and liabilities €6.39M
Equity
€1.45M ▼ 2.2%
Provisions
€161k
Debt
€4.78M ▲ 6.4%
Debt's share of the balance-sheet total falls from 75.2% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€463k▲
2024 · €131k
Cash flow
€177k▲
2024 · €-5k
Current ratio
0.39▲
2024 · 0.27
Debt to equity
3.30▲
2024 · 3.03
ROE
3.2%▲
2024 · -9.2%
ROA
0.7%▲
2024 · -2.3%
Interest coverage
3.66▲
2024 · 0.89
Debt ≤ 1 year
€1.85M▼
2024 · €2.42M
Debt > 1 year
€2.93M▲
2024 · €2.07M
Income taxes
€9k▲
2024 · €0
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.98M€6.39M▲
Fixed assets21/28€5.32M€5.66M▲
Tangible fixed assets22/27€5.32M€5.66M▲
Land and buildings22€5.32M€5.66M▲
Plant, machinery and equipment23€930€0▼
Current assets29/58€658k€730k▲
Amounts receivable after more than one year29€428k€439k▲
Other amounts receivable291€428k€439k▲
Amounts receivable within one year40/41€203k€38k▼
Trade receivables40€121k€802▼
Other amounts receivable41€82k€37k▼
Cash at bank and in hand54/58€27k€236k▲
Deferred charges and accrued income490/1€0€17k▲
Equity and liabilities
Total equity and liabilities10/49€5.98M€6.39M▲
Equity10/15€1.48M€1.45M▼
Contributions10/11€334k€334k=
Capital10€334k€334k=
Issued capital100€334k€334k=
Revaluation surpluses12€1.29M€1.21M▼
Reserves13€25k€506k▲
Tax-exempt reserves132-€482k
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-169k€-604k▼
Provisions and deferred taxes16-€161k
Deferred taxes168-€161k
Amounts payable17/49€4.49M€4.78M▲
Amounts payable after more than one year17€2.07M€2.93M▲
Financial debts170/4€2.07M€2.93M▲
Amounts payable within one year42/48€2.42M€1.85M▼
Current portion of amounts payable after more than one year42€549k€526k▼
Financial debts43€195k€671k▲
Credit institutions430/8€195k€671k▲
Trade debts44€165k€257k▲
Suppliers440/4€165k€257k▲
Advances received on contracts in progress46-€350k
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€1.50M€43k▼
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€131k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€28k€0▼
Other operating charges640/8€95k€25k▼
Non-recurring operating charges66A-€265k
Gross operating margin9900€254k€753k▲
Operating profit (loss)9901€-553€332k▲
Financial income75/76B€10k€10k▲
Recurring financial income75€10k€10k▲
Financial charges65/66B€146k€127k▼
Recurring financial charges65€146k€127k▼
Profit (loss) for the period before taxes9903€-136k€216k▲
Transfer to deferred taxes680-€161k
Income taxes67/77€0€9k▲
Profit (loss) for the period9904€-136k€47k▲
Transfer to tax-exempt reserves689-€482k
Profit (loss) for the period to be appropriated9905€-136k€-435k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-169k€-604k▼
Profit (loss) brought forward from the previous period14P€-33k€-169k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €634 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €189k | €140k | €213k | €131k | €131k | ▼ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €28k | €0 | ▼ 100% |
| Other operating charges640/8 | €4k | €9k | €0 | €95k | €25k | ▼ 73.2% |
| Non-recurring operating charges66A | €5k | €0 | - | - | €265k | - |
| Gross operating margin9900 | €587k | €367k | €301k | €254k | €753k | ▲ 197% |
| Operating profit (loss)9901 | €389k | €218k | €88k | €-553 | €332k | ▲ 60,177% |
| Financial income75/76B | €0 | €2k | €16k | €10k | €10k | ▲ 2.3% |
| Recurring financial income75 | €0 | €2k | €16k | €10k | €10k | ▲ 2.3% |
| Financial charges65/66B | €82k | €96k | €100k | €146k | €127k | ▼ 13.3% |
| Recurring financial charges65 | €82k | €96k | €100k | €146k | €127k | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €307k | €124k | €3k | €-136k | €216k | ▲ 258% |
| Transfer from deferred taxes780 | €8k | €794 | €0 | - | - | - |
| Transfer to deferred taxes680 | - | - | - | - | €161k | - |
| Income taxes67/77 | €54k | €34k | €-8k | €0 | €9k | - |
| Profit (loss) for the period9904 | €261k | €92k | €12k | €-136k | €47k | ▲ 134% |
| Transfer from tax-exempt reserves789 | €15k | €1k | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €482k | - |
| Profit (loss) for the period to be appropriated9905 | €275k | €93k | €12k | €-136k | €-435k | ▼ 219% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.77M | €4.92M | €5.29M | €5.98M | €6.39M | ▲ 6.9% |
| Fixed assets21/28 | €4.49M | €4.35M | €4.80M | €5.32M | €5.66M | ▲ 6.4% |
| Tangible fixed assets22/27 | €4.49M | €4.35M | €4.80M | €5.32M | €5.66M | ▲ 6.4% |
| Land and buildings22 | €4.48M | €4.35M | €4.80M | €5.32M | €5.66M | ▲ 6.5% |
| Plant, machinery and equipment23 | €10k | €7k | €2k | €930 | €0 | ▼ 100% |
| Current assets29/58 | €280k | €571k | €490k | €658k | €730k | ▲ 10.9% |
| Amounts receivable after more than one year29 | - | - | - | €428k | €439k | ▲ 2.4% |
| Other amounts receivable291 | - | - | - | €428k | €439k | ▲ 2.4% |
| Amounts receivable within one year40/41 | €251k | €548k | €466k | €203k | €38k | ▼ 81.4% |
| Trade receivables40 | €251k | €146k | €28k | €121k | €802 | ▼ 99.3% |
| Other amounts receivable41 | €0 | €402k | €438k | €82k | €37k | ▼ 54.9% |
| Cash at bank and in hand54/58 | €28k | €12k | €12k | €27k | €236k | ▲ 787% |
| Deferred charges and accrued income490/1 | - | €11k | €11k | €0 | €17k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.77M | €4.92M | €5.29M | €5.98M | €6.39M | ▲ 6.9% |
| Equity10/15 | €1.51M | €1.61M | €1.62M | €1.48M | €1.45M | ▼ 2.2% |
| Contributions10/11 | €334k | €334k | €334k | €334k | €334k | = |
| Capital10 | €334k | €334k | €334k | €334k | €334k | = |
| Issued capital100 | €334k | €334k | €334k | €334k | €334k | = |
| Revaluation surpluses12 | €1.29M | €1.29M | €1.29M | €1.29M | €1.21M | ▼ 6.1% |
| Reserves13 | €26k | €25k | €25k | €25k | €506k | ▲ 1,942% |
| Tax-exempt reserves132 | €1k | €0 | - | - | €482k | - |
| Distributable reserves133 | €25k | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €-137k | €-44k | €-33k | €-169k | €-604k | ▼ 258% |
| Provisions and deferred taxes16 | €794 | €0 | - | - | €161k | - |
| Deferred taxes168 | €794 | €0 | - | - | €161k | - |
| Amounts payable17/49 | €3.25M | €3.32M | €3.68M | €4.49M | €4.78M | ▲ 6.4% |
| Amounts payable after more than one year17 | €2.59M | €2.67M | €2.40M | €2.07M | €2.93M | ▲ 41.5% |
| Financial debts170/4 | €2.59M | €2.67M | €2.40M | €2.07M | €2.93M | ▲ 41.5% |
| Amounts payable within one year42/48 | €654k | €638k | €1.27M | €2.42M | €1.85M | ▼ 23.5% |
| Current portion of amounts payable after more than one year42 | €237k | €309k | €319k | €549k | €526k | ▼ 4.3% |
| Financial debts43 | - | - | - | €195k | €671k | ▲ 245% |
| Credit institutions430/8 | - | - | - | €195k | €671k | ▲ 245% |
| Trade debts44 | €28k | €38k | €47k | €165k | €257k | ▲ 55.1% |
| Suppliers440/4 | €28k | €38k | €47k | €165k | €257k | ▲ 55.1% |
| Advances received on contracts in progress46 | - | - | - | - | €350k | - |
| Taxes, remuneration and social security45 | €85k | €69k | €7k | €5k | €4k | ▼ 25.0% |
| Taxes450/3 | €85k | €69k | €7k | €5k | €4k | ▼ 25.0% |
| Other amounts payable47/48 | €304k | €222k | €898k | €1.50M | €43k | ▼ 97.1% |
| Accrued charges and deferred income492/3 | €9k | €6k | €7k | €7k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €261k | €92k | €12k | €-136k | €47k | ▲ 134% |
| + Depreciation and write-downs630 | €189k | €140k | €213k | €131k | €131k | ▼ 0.3% |
| Operating cash flow (approximation) | €450k | €232k | €225k | €-5k | €177k | ▲ 3,492% |
| Investment in fixed assets (approximation) | - | €-4k | €-664k | €-645k | €-473k | ▲ 26.6% |
| Change in cash | - | €-16k | €458 | €14k | €210k | ▲ 1,378% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 5 days late
25-06
State Gazette act
General meeting · Merger
Accounting effect · Name change · Philippe Peeters
25-06
State Gazette act
General meeting · Merger
Accounting effect · Name change · Philippe Peeters
23-06
State Gazette act
General meeting · Demerger
Accounting effect · Capital
2025
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €261k ▲83%
Operating result €389k, net result €261k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Show earlier events
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
31-12
Financial
Back to profitnet €178k
Net result €178k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Keerbergen · 1 establishment unit since 2021
Ground area
4,472 m²
Building footprint
248 m²
Parcel 24472G0125/00W008, Flanders. Linked by address, not a title deed.
1 establishment unit
FPF
since 20212.322.339.752
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472G0125/00W008 | Flanders | 4,472 m² | 1 · 248 m² | - |
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 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,595 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
Founded26-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
Contact
E-mail
finance.admin@kapman.euKeerbergen
Phone
022558252Keerbergen
Scores and ratios are computed by Checked and are not a credit decision.