FTH QUALITY CONSTRUCT
ActiveFTH QUALITY CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €262k and a net result of €121k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
66
/ 100
Healthy▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency29▲+8
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.19 in 2023), and 81% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
92 d late
2022
21 d late
2021
137 d late
2020
61 d late
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€121k▲ 170%
2023 · €45k
2018: €37k
2019: €10k
2020: €34k
2021: €-60k
2022: €63k
2023: €45k
2018 → 2024
Working capital
€242k▲ 2.5%
2023 · €236k
2018: €75k
2019: €72k
2020: €167k
2021: €81k
2022: €131k
2023: €236k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€93k-€33k▼ 64.3%€96k▲ 190%€141k▲ 46.8%€262k▲ 85.9%
Operating result€42k-€-54k€82k€74k▼ 9.8%€193k▲ 161%
Net result€34k-€-60k€63k€45k▼ 28.6%€121k▲ 170%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 161% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.38M
Fixed assets
€105k▼ 4.8%
Current assets
€1.28M▼ 15.3%
Equity and liabilities €1.38M
Equity
€262k▲ 85.9%
Debt
€1.12M▼ 24.2%
The debt ratio falls from 91.3% to 81.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€210k▲
2023 · €89k
Cash flow
€138k▲
2023 · €61k
Solvency
19.0%▲
2023 · 8.7%
Current ratio
1.23▲
2023 · 1.19
Quick ratio
0.35▼
2023 · 0.42
Debt / equity
4.27▼
2023 · 10.47
ROE
46.2%▲
2023 · 31.9%
ROA
8.8%▲
2023 · 2.8%
Interest coverage
24.94▲
2023 · 8.57
Debt
€1.12M▼
2023 · €1.48M
Debt ≤ 1 year
€1.03M▼
2023 · €1.27M
Debt > 1 year
€85k▼
2023 · €206k
Income taxes
€63k▲
2023 · €18k
Staff costs
€67k▲
2023 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.62M€1.38M▼
Fixed assets21/28€111k€105k▼
Tangible fixed assets22/27€110k€96k▼
Land and buildings22€0-
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24-€2k
Leasing and similar rights25€105k€90k▼
Financial fixed assets28€622€9k▲
Current assets29/58€1.51M€1.28M▼
Stocks and contracts in progress3€966k€913k▼
Stocks30/36€966k€913k▼
Amounts receivable within one year40/41€505k€292k▼
Trade receivables40€448k€228k▼
Other amounts receivable41€57k€64k▲
Cash at bank and in hand54/58€25k€60k▲
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.38M▼
Equity10/15€141k€262k▲
Contributions10/11€8k€8k=
Reserves13€104k€224k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€104k€224k▲
Profit (loss) carried forward14€29k€30k▲
Amounts payable17/49€1.48M€1.12M▼
Amounts payable after more than one year17€206k€85k▼
Financial debts170/4€106k€35k▼
Other amounts payable178/9€100k€50k▼
Amounts payable within one year42/48€1.27M€1.03M▼
Current portion of amounts payable after more than one year42€30k€16k▼
Financial debts43€0€25k▲
Credit institutions430/8€0€25k▲
Trade debts44€1.09M€930k▼
Suppliers440/4€1.09M€930k▼
Taxes, remuneration and social security45€13k€28k▲
Taxes450/3€5k€22k▲
Remuneration and social security454/9€8k€6k▼
Other amounts payable47/48€138k€33k▼
Accrued charges and deferred income492/3-€524
Income statement
Code20232024
Remuneration, social security and pensions62€61k€67k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€152k€281k▲
Operating profit (loss)9901€74k€193k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€63k€184k▲
Income taxes67/77€18k€63k▲
Profit (loss) for the period9904€45k€121k▲
Profit (loss) for the period to be appropriated9905€45k€121k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€150k▲
Profit (loss) brought forward from the previous period14P€28k€29k▲
Transfer to equity691/2€44k€120k▲
To other reserves6921€44k€120k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €121k ▲170%
Operating result €193k, net result €121k, both a record.
31-12
Financial
Equity above €200kEq €262k ▲85.9%
3 profitable years in a row build equity to €262k.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Equity above €100kEq €141k ▲46.8%
2 profitable years in a row build equity to €141k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 137 days late
2021
31-12
Financial
Weakest financial yearnet €-60k ▼277%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Châtelet · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Fleurus 3106200 ChâteletGround area
165 m²
Building footprint
46 m²
Volume, LiDAR
395 m³
Parcel 52012A0081/00L004, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FTH QUALITY CONSTRUCT
since 20162.259.659.540
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52012A0081/00L004 | Wallonia | 165 m² | 1 · 46 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Salex Grup
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BE 0817.382.376
Bilzen-Hoeselt · Eq €262k
JAN VANDORMAEL
BE 0861.339.610
Hasselt · Eq €262k
COR-BO
BE 0886.654.234
Rotselaar · Eq €262k
NEW CENTURY ATELIER
BE 0647.959.901
Zaventem · Eq €262k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 11,257 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.