FTS
ActiveThe file of FTS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.3% (low). The 2025 annual accounts show negative equity (€-19k) and a net result of €22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record85
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.49 in 2024; short-term debt: 127.6% and cash: 5.9% of total assets), and equity is negative.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
-27.6%
Return on assets
32.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
on the day
2022
2 d late
2021
360 d late
2020
1 d early
2019
132 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€65k
EBIT margin
4.1%
Net result
€22k
2024 · €-33k
Working capital
€-32k▲ 48.4%
2024 · €-61k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€-971€-28k▼ 2,752%€-14k▲ 50.9%€-15k▼ 9.5%€21k
Net result€-6k€-32k▼ 406%€-22k▲ 33.2%€-33k▼ 53.0%€22k
EBIT margin
Equity€46k▼ 12.1%€14k▼ 69.9%€-8k€-41k▼ 430%€-19k▲ 54.2%
Total assets€152k▲ 13.4%€142k▼ 6.3%€175k▲ 23.4%€79k▼ 54.7%€68k▼ 14.4%
Debt€105k▲ 30.1%€128k▲ 21.7%€183k▲ 42.8%€120k▼ 34.3%€87k▼ 27.9%
Working capital€2k▼ 88.6%€-20k€-35k▼ 75.4%€-61k▼ 76.0%€-32k▲ 48.4%
Staff (FTE)1=1=1=0.3▼ 70.0%
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: €21k after a loss of €15k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68k
Fixed assets
€13k ▼ 36.8%
Current assets
€55k ▼ 6.7%
Key figures and ratios
EBITDA
€25k▲
2024 · €-8k
Cash flow
€27k▲
2024 · €-26k
Solvency
-27.6%▲
2024 · -51.5%
Current ratio
0.64▲
2024 · 0.49
Quick ratio
0.49▲
2024 · 0.42
Debt to equity
-4.63▼
2024 · -2.94
ROA
32.6%▲
2024 · -41.8%
Interest coverage
38.00▲
2024 · -5.11
Debt ≤ 1 year
€87k▼
2024 · €120k
Income taxes
€169▼
2024 · €17k
Staff costs
€2k▼
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29k | €29k | €27k | €37k | €2k | ▼ 95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €10k | €7k | €7k | €4k | ▼ 34.7% |
| Other operating charges640/8 | €5k | €700 | €500 | €4k | €600 | ▼ 85.2% |
| Gross operating margin9900 | €46k | €12k | €20k | €33k | €27k | ▼ 17.1% |
| Operating profit (loss)9901 | €-971 | €-28k | €-14k | €-15k | €21k | ▲ 240% |
| Financial income75/76B | €2k | €1 | €1k | €548 | €2k | ▲ 287% |
| Recurring financial income75 | €2k | €1 | €1k | €548 | €2k | ▲ 287% |
| Financial charges65/66B | €7k | €4k | €9k | €2k | €664 | ▼ 58.4% |
| Recurring financial charges65 | €7k | €4k | €9k | €2k | €664 | ▼ 58.4% |
| Profit (loss) for the period before taxes9903 | €-6k | €-32k | €-21k | €-16k | €22k | ▲ 240% |
| Income taxes67/77 | €335 | €393 | €369 | €17k | €169 | ▼ 99.0% |
| Profit (loss) for the period9904 | €-6k | €-32k | €-22k | €-33k | €22k | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-32k | €-22k | €-33k | €22k | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152k | €142k | €175k | €79k | €68k | ▼ 14.4% |
| Fixed assets21/28 | €44k | €34k | €27k | €20k | €13k | ▼ 36.8% |
| Intangible fixed assets21 | €4k | €4k | €3k | €3k | €2k | ▼ 20.0% |
| Tangible fixed assets22/27 | €40k | €30k | €24k | €17k | €10k | ▼ 40.3% |
| Plant, machinery and equipment23 | €19k | €17k | €14k | €12k | €10k | ▼ 16.7% |
| Furniture and vehicles24 | €21k | €13k | €9k | €5k | €27 | ▼ 99.5% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €108k | €108k | €148k | €59k | €55k | ▼ 6.7% |
| Stocks and contracts in progress3 | - | - | €15k | €8k | €12k | ▲ 47.7% |
| Stocks30/36 | - | - | €15k | €8k | €12k | ▲ 47.7% |
| Amounts receivable within one year40/41 | €107k | €106k | €133k | €50k | €39k | ▼ 22.8% |
| Trade receivables40 | €104k | €62k | €75k | €8k | €5k | ▼ 37.0% |
| Other amounts receivable41 | €3k | €44k | €58k | €42k | €34k | ▼ 20.1% |
| Cash at bank and in hand54/58 | €813 | €1k | €57 | - | €4k | - |
| Deferred charges and accrued income490/1 | - | €832 | €613 | €500 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152k | €142k | €175k | €79k | €68k | ▼ 14.4% |
| Equity10/15 | €46k | €14k | €-8k | €-41k | €-19k | ▲ 54.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €17k | €17k | €17k | €17k | €17k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €16k | €16k | €16k | €16k | €16k | = |
| Profit (loss) carried forward14 | €10k | €-22k | €-44k | €-77k | €-55k | ▲ 28.8% |
| Amounts payable17/49 | €105k | €128k | €183k | €120k | €87k | ▼ 27.9% |
| Amounts payable within one year42/48 | €105k | €128k | €183k | €120k | €87k | ▼ 27.9% |
| Current portion of amounts payable after more than one year42 | €34k | €45k | €30k | €4k | €4k | = |
| Trade debts44 | €973 | €14k | €64k | €56k | €31k | ▼ 45.5% |
| Suppliers440/4 | €973 | €14k | €64k | €56k | €31k | ▼ 45.5% |
| Advances received on contracts in progress46 | €39k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €20k | €62k | €84k | €33k | €18k | ▼ 46.9% |
| Taxes450/3 | €7k | €39k | €55k | €8k | €1k | ▼ 84.5% |
| Remuneration and social security454/9 | €12k | €22k | €28k | €25k | €16k | ▼ 34.2% |
| Other amounts payable47/48 | €11k | €7k | €4k | €26k | €34k | ▲ 29.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-32k | €-22k | €-33k | €22k | ▲ 167% |
| + Depreciation and write-downs630 | €13k | €10k | €7k | €7k | €4k | ▼ 34.7% |
| Operating cash flow (approximation) | €7k | €-22k | €-15k | €-26k | €27k | ▲ 200% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €3k | - |
| Change in cash | - | €428 | €-1k | - | - | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €22k
Net result €22k after 4 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-10
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 24-09-2024
30-09
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
20-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 13-08-2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 360 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grimbergen · 1 establishment unit since 2017
Ground area
4,917 m²
Building footprint
2,968 m²
Volume, LiDAR
16,141 m³
Parcel 23403F0082/00S002, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FTS
since 20172.265.419.756
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23403F0082/00S002 | Flanders | 4,917 m² | 1 · 2,968 m² | 7.3 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEFFI VANHULLE GROTE BAAN 68, 9120 BEVEREN-
WAAS |
13-08-2024 → 24-09-2024 |
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 6,385 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 (pre-2019)
Founded12-04-2017
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43110Demolition
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43410Roofing work
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.