FRED CK CONSTRUCT
ActiveSummary
FRED CK CONSTRUCT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19,790 and a net result of €6,118. Equity is growing by ~54.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▲+7
Solvency47▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.22 in 2023; short-term debt: 26% and cash: 12.7% of total assets), and 77.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
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 2024Solvency, return and age of the figures
Solvency
22.2%
Return on assets
6.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
61 d early
2022
45 d early
2021
1 d late
2020
19 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€19,790▲ 44.8%
2023 · €13,671
Total assets
€89,222▲ 9.2%
2023 · €81,728
Net result
€6,118▲ 3.8%
2023 · €5,897
Working capital
-€9,008▲ 45.1%
2023 · -€16,418
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result-€3,876€6,521€19,052▲ 192%€9,742▼ 48.9%€11,436▲ 17.4%
Net result-€8,449below the sector's middle half€2,137within the sector's middle half€15,079within the sector's middle half▲ 606%€5,897within the sector's middle half▼ 60.9%€6,118within the sector's middle half▲ 3.8%
Equity-€9,442below the sector's middle half▼ 850%-€7,305below the sector's middle half▲ 22.6%€7,774below the sector's middle half€13,671within the sector's middle half▲ 75.9%€19,790within the sector's middle half▲ 44.8%
Total assets€98,490within the sector's middle half▼ 12.1%€93,330within the sector's middle half▼ 5.2%€82,109within the sector's middle half▼ 12.0%€81,728within the sector's middle half▼ 0.5%€89,222within the sector's middle half▲ 9.2%
Debt€107,932▼ 4.5%€100,635▼ 6.8%€74,335▼ 26.1%€68,057▼ 8.4%€69,432▲ 2.0%
Working capital-€25,255▼ 54.9%-€24,140▲ 4.4%-€11,142▲ 53.8%-€16,418▼ 47.4%-€9,008▲ 45.1%
Solvency-9.6%below the sector's middle half▼ 8.7pp-7.8%below the sector's middle half▲ 1.8pp9.5%below the sector's middle half▲ 17.3pp16.7%below the sector's middle half▲ 7.3pp22.2%within the sector's middle half▲ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 17% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89,222
Fixed assets
€75,003 ▼ 2.7%
Current assets
€14,219 ▲ 207%
Equity and liabilities €89,222
Equity
€19,790 ▲ 44.8%
Debt
€69,432 ▲ 2.0%
Debt's share of the balance-sheet total falls from 83.3% to 77.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,522▲
2023 · €10,755
Cash flow
€8,204▲
2023 · €6,910
Current ratio
0.61▲
2023 · 0.22
Debt to equity
3.51▼
2023 · 4.98
ROE
30.9%▼
2023 · 43.1%
ROA
6.9%▼
2023 · 7.2%
Interest coverage
3.98▲
2023 · 2.98
Debt ≤ 1 year
€23,226▲
2023 · €21,056
Debt > 1 year
€37,890▼
2023 · €47,001
Income taxes
€1,951▲
2023 · €263
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 5,053 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,178 | €6,178 | €5,879 | €1,013 | €2,086 | ▲ 106% |
| Other operating charges640/8 | - | €1,763 | €1,799 | €753 | €2,476 | ▲ 229% |
| Gross operating margin9900 | €4,055 | €14,462 | €26,730 | €11,508 | €15,998 | ▲ 39.0% |
| Operating profit (loss)9901 | -€3,876 | €6,521 | €19,052 | €9,742 | €11,436 | ▲ 17.4% |
| Financial income75/76B | - | €8 | €9 | €33 | €31 | ▼ 7.5% |
| Recurring financial income75 | - | €8 | €9 | €33 | €31 | ▼ 7.5% |
| Financial charges65/66B | - | €4,392 | €3,982 | €3,615 | €3,397 | ▼ 6.0% |
| Recurring financial charges65 | €4,572 | €4,392 | €3,982 | €3,615 | €3,397 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | -€8,449 | €2,137 | €15,079 | €6,160 | €8,069 | ▲ 31.0% |
| Income taxes67/77 | - | - | - | €263 | €1,951 | ▲ 642% |
| Profit (loss) for the period9904 | -€8,449 | €2,137 | €15,079 | €5,897 | €6,118 | ▲ 3.8% |
| Profit (loss) for the period to be appropriated9905 | -€8,449 | €2,137 | €15,079 | €5,897 | €6,118 | ▲ 3.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,490 | €93,330 | €82,109 | €81,728 | €89,222 | ▲ 9.2% |
| Fixed assets21/28 | €87,760 | €80,982 | €75,103 | €77,090 | €75,003 | ▼ 2.7% |
| Tangible fixed assets22/27 | €87,135 | €80,957 | €75,078 | €77,065 | €74,978 | ▼ 2.7% |
| Furniture and vehicles24 | - | €7,052 | €1,172 | €3,159 | €1,073 | ▼ 66.0% |
| Assets under construction and advance payments27 | - | €73,905 | €73,906 | €73,906 | €73,905 | = |
| Financial fixed assets28 | €625 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €10,730 | €12,348 | €7,006 | €4,638 | €14,219 | ▲ 207% |
| Stocks and contracts in progress3 | €7,394 | €6,492 | - | - | - | - |
| Stocks30/36 | - | €6,492 | - | - | - | - |
| Amounts receivable within one year40/41 | €2,376 | €5,855 | €4,000 | €3,616 | €2,862 | ▼ 20.9% |
| Trade receivables40 | - | €4,721 | €3,236 | €3,164 | €1,700 | ▼ 46.3% |
| Other amounts receivable41 | - | €1,134 | €764 | €452 | €1,162 | ▲ 157% |
| Cash at bank and in hand54/58 | €960 | €1 | €3,006 | €1,022 | €11,357 | ▲ 1,011% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,490 | €93,330 | €82,109 | €81,728 | €89,222 | ▲ 9.2% |
| Equity10/15 | -€9,442 | -€7,305 | €7,774 | €13,671 | €19,790 | ▲ 44.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€29,902 | -€27,765 | -€12,686 | -€6,789 | -€670 | ▲ 90.1% |
| Amounts payable17/49 | €107,932 | €100,635 | €74,335 | €68,057 | €69,432 | ▲ 2.0% |
| Amounts payable after more than one year17 | €71,947 | €64,147 | €56,187 | €47,001 | €37,890 | ▼ 19.4% |
| Financial debts170/4 | - | €64,147 | €56,187 | €47,001 | €37,890 | ▼ 19.4% |
| Amounts payable within one year42/48 | €35,985 | €36,488 | €18,148 | €21,056 | €23,226 | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | - | €7,800 | €7,800 | €8,640 | €9,000 | ▲ 4.2% |
| Financial debts43 | - | €5,044 | - | €1,228 | - | - |
| Credit institutions430/8 | - | €5,044 | - | €1,228 | - | - |
| Trade debts44 | €488 | €991 | €4,901 | €252 | €3,746 | ▲ 1,386% |
| Suppliers440/4 | - | €991 | €4,901 | €252 | €3,746 | ▲ 1,386% |
| Advances received on contracts in progress46 | - | €9,370 | - | €5,740 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €261 | €703 | ▲ 169% |
| Taxes450/3 | - | - | - | €261 | €703 | ▲ 169% |
| Other amounts payable47/48 | - | €13,283 | €5,447 | €4,935 | €9,777 | ▲ 98.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,316 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,449 | €2,137 | €15,079 | €5,897 | €6,118 | ▲ 3.8% |
| + Depreciation and write-downs630 | €6,178 | €6,178 | €5,879 | €1,013 | €2,086 | ▲ 106% |
| Operating cash flow (approximation) | -€2,270 | €8,315 | €20,958 | €6,910 | €8,204 | ▲ 18.7% |
| Investment in fixed assets (approximation) | - | €600 | €0 | -€3,000 | €1 | ▲ 100% |
| Change in cash | - | -€959 | €3,005 | -€1,984 | €10,335 | ▲ 621% |
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
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €15,079 ▲606%
Operating result €19,052, net result €15,079, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Back to profitnet €2,137
Net result €2,137 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€8,449
Net result drops to -€8,449, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10,132
Net result €10,132 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bernissart · 1 establishment unit since 2011
Ground area
1,817 m²
Building footprint
138 m²
Parcel 57009B0671/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FRED CK CONSTRUCT
since 20112.202.707.078
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57009B0671/00L000 | Wallonia | 1,817 m² | 1 · 138 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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C & P
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,515 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
43230Insulation installation
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839579144
Registered
11-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.