FT CONSTRUCTIONS
ActiveSummary
The computed 12-month bankruptcy probability of FT CONSTRUCTIONS is 2.2% (moderate). The 2025 annual accounts show equity of €24k and a net result of €5k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 7500 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+32
Solvency88▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.31 in 2024; short-term debt: 37.5% and cash: 3.6% of total assets), and 37.5% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
62.5%
Return on assets
13.1%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
32 d early
2024
24 d early
2023
9 d early
2022
325 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, micro schema
Equity
€24k▲ 0.1%
2024 · €24k
2022: €20klowest in 4 years
2023: €24k▲ +20.4% vs 2022
2024: €24k▲ +1.0% vs 2023
2025: €24k▲ +0.1% vs 2024highest in 4 years
2022 → 2025
Total assets
€38k▼ 1.9%
2024 · €39k
2022: €63khighest in 4 years
2023: €54k▼ -15.0% vs 2022
2024: €39k▼ -27.0% vs 2023
2025: €38k▼ -1.9% vs 2024lowest in 4 years
2022 → 2025
Net result
€5k▲ 1,957%
2024 · €244
2022: €17khighest in 4 years
2023: €4k▼ -75.9% vs 2022
2024: €244▼ -93.9% vs 2023lowest in 4 years
2025: €5k▲ +1957% vs 2024
2022 → 2025
Working capital
€19k▲ 10.6%
2024 · €17k
2022: €18k
2023: €22k▲ +24.2% vs 2022highest in 4 years
2024: €17k▼ -21.7% vs 2023lowest in 4 years
2025: €19k▲ +10.6% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€20k-€24k▲ 20.4%€24k▲ 1.0%€24k▲ 0.1%
2022: €20klowest in 4 years
2023: €24k▲ +20.4% vs 2022
2024: €24k▲ +1.0% vs 2023
2025: €24k▲ +0.1% vs 2024highest in 4 years
Operating result€22k-€7k▼ 67.4%€-408€5k
2022: €22khighest in 4 years
2023: €7k▼ -67.4% vs 2022
2024: €-408▼ -106% vs 2023lowest in 4 years
2025: €5k▲ +1402% vs 2024
Net result€17k-€4k▼ 75.9%€244▼ 93.9%€5k▲ 1,957%
2022: €17khighest in 4 years
2023: €4k▼ -75.9% vs 2022
2024: €244▼ -93.9% vs 2023lowest in 4 years
2025: €5k▲ +1957% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €408 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€5k ▼ 43.3%
Current assets
€33k ▲ 10.5%
Equity and liabilities €38k
Equity
€24k ▲ 0.1%
Debt
€14k ▼ 5.1%
Debt's share of the balance-sheet total falls from 38.7% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2024 · €4k
Cash flow
€9k▲
2024 · €5k
Current ratio
2.31▲
2024 · 2.31
Debt to equity
0.60▼
2024 · 0.63
ROE
20.9%▲
2024 · 1.0%
ROA
13.1%▲
2024 · 0.6%
Interest coverage
70.12▲
2024 · 3.99
Debt ≤ 1 year
€14k▲
2024 · €13k
Income taxes
€1k▲
2024 · €91
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€39k€38k▼
Fixed assets21/28€9k€5k▼
Intangible fixed assets21€833€0▼
Tangible fixed assets22/27€8k€5k▼
Furniture and vehicles24€8k€5k▼
Current assets29/58€30k€33k▲
Amounts receivable within one year40/41€29k€32k▲
Trade receivables40€4k€5k▲
Other amounts receivable41€26k€27k▲
Cash at bank and in hand54/58€784€1k▲
Equity and liabilities
Total equity and liabilities10/49€39k€38k▼
Equity10/15€24k€24k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€21k€21k▲
Amounts payable17/49€15k€14k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€13k€14k▲
Current portion of amounts payable after more than one year42€9k€2k▼
Trade debts44€2k€327▼
Suppliers440/4€2k€327▼
Taxes, remuneration and social security45€1k€8k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€496€508▲
Gross operating margin9900€4k€10k▲
Operating profit (loss)9901€-408€5k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€984€132▼
Recurring financial charges65€984€132▼
Profit (loss) for the period before taxes9903€335€6k▲
Income taxes67/77€91€1k▲
Profit (loss) for the period9904€244€5k▲
Profit (loss) for the period to be appropriated9905€244€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€26k▲
Profit (loss) brought forward from the previous period14P€21k€21k▲
Profit to be distributed694/7-€5k
Return on contributions (dividend)694-€5k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €2k | €4k | €4k | ▼ 9.6% |
| Other operating charges640/8 | €1k | €1k | €496 | €508 | ▲ 2.5% |
| Gross operating margin9900 | €37k | €10k | €4k | €10k | ▲ 120% |
| Operating profit (loss)9901 | €22k | €7k | €-408 | €5k | ▲ 1,402% |
| Financial income75/76B | - | €0 | €2k | €1k | ▼ 33.9% |
| Recurring financial income75 | - | €0 | €2k | €1k | ▼ 33.9% |
| Financial charges65/66B | €949 | €2k | €984 | €132 | ▼ 86.6% |
| Recurring financial charges65 | €949 | €2k | €984 | €132 | ▼ 86.6% |
| Profit (loss) for the period before taxes9903 | €21k | €5k | €335 | €6k | ▲ 1,787% |
| Income taxes67/77 | €4k | €1k | €91 | €1k | ▲ 1,331% |
| Profit (loss) for the period9904 | €17k | €4k | €244 | €5k | ▲ 1,957% |
| Profit (loss) for the period to be appropriated9905 | €17k | €4k | €244 | €5k | ▲ 1,957% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €63k | €54k | €39k | €38k | ▼ 1.9% |
| Fixed assets21/28 | €29k | €13k | €9k | €5k | ▼ 43.3% |
| Intangible fixed assets21 | €3k | €2k | €833 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €25k | €11k | €8k | €5k | ▼ 37.6% |
| Furniture and vehicles24 | €25k | €11k | €8k | €5k | ▼ 37.6% |
| Current assets29/58 | €34k | €40k | €30k | €33k | ▲ 10.5% |
| Amounts receivable within one year40/41 | €25k | €34k | €29k | €32k | ▲ 8.7% |
| Trade receivables40 | €6k | €3k | €4k | €5k | ▲ 31.2% |
| Other amounts receivable41 | €19k | €31k | €26k | €27k | ▲ 5.7% |
| Cash at bank and in hand54/58 | €10k | €6k | €784 | €1k | ▲ 75.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €63k | €54k | €39k | €38k | ▼ 1.9% |
| Equity10/15 | €20k | €24k | €24k | €24k | ▲ 0.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €17k | €21k | €21k | €21k | ▲ 0.1% |
| Amounts payable17/49 | €43k | €30k | €15k | €14k | ▼ 5.1% |
| Amounts payable after more than one year17 | €21k | €11k | €2k | - | - |
| Financial debts170/4 | €21k | €11k | €2k | - | - |
| Amounts payable within one year42/48 | €17k | €18k | €13k | €14k | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | €9k | €10k | €9k | €2k | ▼ 77.1% |
| Trade debts44 | €3k | €3k | €2k | €327 | ▼ 86.1% |
| Suppliers440/4 | €3k | €3k | €2k | €327 | ▼ 86.1% |
| Taxes, remuneration and social security45 | €4k | €5k | €1k | €8k | ▲ 468% |
| Taxes450/3 | €4k | €5k | €1k | €3k | ▲ 147% |
| Remuneration and social security454/9 | - | - | - | €4k | - |
| Other amounts payable47/48 | - | - | - | €4k | - |
| Accrued charges and deferred income492/3 | €6k | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €4k | €244 | €5k | ▲ 1,957% |
| + Depreciation and write-downs630 | €14k | €2k | €4k | €4k | ▼ 9.6% |
| Operating cash flow (approximation) | €31k | €6k | €5k | €9k | ▲ 95.2% |
| Investment in fixed assets (approximation) | - | €13k | €0 | €0 | - |
| Change in cash | - | €-4k | €-5k | €594 | ▲ 112% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €244 ▼93.9%
Net result drops to €244, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 325 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vielsalm · 1 establishment unit since 2021
Ground area
991 m²
Building footprint
218 m²
Parcel 82032C0160/00F000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Burtonville 25, 6690 Vielsalm
since 20212.324.735.949
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82032C0160/00F000 | Wallonia | 991 m² | 1 · 218 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,984 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
Founded01-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.