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FVDC

Active
Private limited companyfounded 200818 yrs activeBrun Cornet 11, 8930 Menen, BelgiumKBO/BCE: BE 0897.944.440
Summary

The computed 12-month bankruptcy probability of FVDC is 4.8% (elevated). The 2024 annual accounts show equity of €29,143 and a net result of €19,265. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 36400 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch ReportCompare
FVDCActiveChecked score 40/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€50,061total assets 2024
Equity
€29,143
Profit
€19,265
Turnover not published (abridged schema)
Financial health
40 Weak Checked score 2024
Bankruptcy chance 12 m
4.8%
Structure
Accounts 67 d overdue0 of 3 deeds read
Why 40- 1 financial year not filed after the legal deadline; latest accounts 321 days late; 3 of the last 3 late- Figures for FY 2024 (filed 17-06-2026)- Size: total assets €50,061+ Founded in 2008Show the evidence

Checked score

Score 2024
40 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 68% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 83+28
equity 58.2% of total assets
Liquidity 32+13
short-term debt 40.2% · cash 0.6%
Profitability 100+18
return on assets 38.5%
Bankruptcy probability, 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 5.4% 12-2024: 6.2%▲ +15.3% vs 11-2024 01-2025: 9.3%▲ +50.2% vs 12-2024 02-2025: 9.3%● 0.0% vs 01-2025 03-2025: 9.8%▲ +5.5% vs 02-2025 04-2025: 9.1%▼ -7.1% vs 03-2025 05-2025: 9.1%● 0.0% vs 04-2025 06-2025: 9.1%● 0.0% vs 05-2025 07-2025: 9.1%● 0.0% vs 06-2025 08-2025: 11.5%▲ +26.5% vs 07-2025 09-2025: 11.5%● 0.0% vs 08-2025 10-2025: 11.5%● 0.0% vs 09-2025 11-2025: 11.7%▲ +1.0% vs 10-2025 12-2025: 11.7%● 0.0% vs 11-2025 01-2026: 11.7%● 0.0% vs 12-2025 02-2026: 11.7%● 0.0% vs 01-2026 03-2026: 11.7%● 0.0% vs 02-2026 04-2026: 12.4%▲ +6.3% vs 03-2026highest value 05-2026: 12.4%● 0.0% vs 04-2026highest value 06-2026: 12.4%● 0.0% vs 05-2026highest value 07-2026: 8.6%▼ -31.0% vs 06-2026 08-2026: 10.1%▲ +18.3% vs 07-2026 09-2026: 10.1%● 0.0% vs 08-2026 10-2026: 4.8%▼ -52.2% vs 09-2026lowest value
  • 1 financial year not filed after the legal deadline; latest accounts 321 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 17-06-2026) raises the probability
  • Founded in 2008 lowers the probability for this profile
  • Size: total assets €50,061 raises the probability for this profile
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.49 against 1.68 in 2023; short-term debt: 40.2% and cash: 0.6% of total assets), and 41.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 63%, liquidity 20%, profitability 93%, growth against the median 96%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 321 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 17-06-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2008
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Size: total assets €50,061
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €29,143
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2026, 321 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
321 d late
2023
670 d late
2022
224 d late
2021
18 d late
2020
48 d late
2019
24 d late
← 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 218 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout withdrawal
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Total assets 20246 fiscal years filed €50,061 View
  • Active since 2008founded 14-05-2008 18 years View

By topic

Financials

Fiscal year
2024
Total assets
€50,061
Profit
€19,265
Solvency
58.2%
Total assets▲ 53.3%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2019
  1. 17-06-2026Annual accounts filed
  2. 01-06-2026Annual accounts filed
  3. 11-03-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
14-05-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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