Financials
- Fiscal year
- 2025
- Total assets
- €696,790
- Profit
- €185,052
- Solvency
- 15.0%
Total assets▲ 33.9%
Net result
20182025
Fw RED
ActiveSummary
Fw RED has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104,177 and a net result of €185,052. Equity is growing by ~39.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Property management for co-owned buildings (syndics)
NACE 68321
1 site
Size
€696,790total assets 2025
- Equity
- €104,177
- Profit
- €185,052
Turnover not published (abridged schema)
Structure
Accounts 22 d early0 of 2 deeds read
Why 84- Limited track record+ Lower-failure-rate sector+ Annual accounts: healthy financial profileShow the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Provisional estimate
Better than 37% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
40-60
equity 15.0% of total assets
Liquidity
9-90
short-term debt 84.6% · cash 4.8%
Profitability
100=
return on assets 26.6%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 8.06 in 2024; short-term debt: 84.6% and cash: 4.8% of total assets), and 85% 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 68, micro). Better than this share of them on solvency 35%, liquidity 10%, profitability 95%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.
Provisional estimate: the current bankruptcy probability was not available, so Checked used its built-in model (v2).
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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
15%
Return on assets
26.6%
Age of the figures
9 mo
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
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 09-07-2026, 22 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
22 d early
2024
28 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2018net €198,598 ▲30.3%
Key points
By topic
Timeline
- Events
- 12
- Since
- 2019
- Next accounts
- by 31-07-2027
- 09-07-2026Annual accounts filed
- 28-08-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Property management for co-owned buildings (syndics)NACE 68321
- Founded
- 04-07-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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