FWK STORE
ActiveSummary
The computed 12-month bankruptcy probability of FWK STORE is 2.1% (moderate). The 2025 annual accounts show equity of €45,875 and a net result of €10,565. Equity is growing by ~36.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 7564 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-16
Solvency49▼-20
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.31 in 2024; short-term debt: 76.2% and cash: 1.7% of total assets), and 76.2% of the assets are financed with debt.
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Signals
Four 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
23.8%
Return on assets
5.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 · 3 filingsDeviation from the deadline
2025
56 d late
2024
28 d early
2023
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 32 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€45,875▲ 29.9%
2024 · €35,311
Total assets
€193,062▲ 141%
2024 · €80,196
Net result
€10,565▼ 29.4%
2024 · €14,967
Working capital
€24,005▲ 72.3%
2024 · €13,929
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
Line202320242025
Operating result€6,902-€18,846▲ 173%€15,038▼ 20.2%
Net result€5,343-€14,967▲ 180%€10,565▼ 29.4%
Equity€20,343-€35,311▲ 73.6%€45,875▲ 29.9%
Total assets€60,747-€80,196▲ 32.0%€193,062▲ 141%
Debt€40,403-€44,885▲ 11.1%€147,187▲ 228%
Working capital-€10,256-€13,929€24,005▲ 72.3%
Staff (FTE)0.1-0.5▲ 400%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,062
Fixed assets
€21,871 ▲ 2.3%
Current assets
€171,191 ▲ 191%
Equity and liabilities €193,062
Equity
€45,875 ▲ 29.9%
Debt
€147,187 ▲ 228%
Debt's share of the balance-sheet total rises from 56.0% to 76.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,920▼
2024 · €30,914
Cash flow
€14,446▼
2024 · €27,036
Current ratio
1.16▼
2024 · 1.31
Quick ratio
0.35▼
2024 · 1.31
Debt to equity
3.21▲
2024 · 1.27
ROE
23.0%▼
2024 · 42.4%
ROA
5.5%▼
2024 · 18.7%
Interest coverage
38.84▼
2024 · 42.57
Debt ≤ 1 year
€147,187▲
2024 · €44,885
Income taxes
€4,019▼
2024 · €4,442
Staff costs
€0▼
2024 · €15,931
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2,121 | €15,931 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,464 | €12,068 | €3,882 | ▼ 67.8% |
| Other operating charges640/8 | €945 | €8,894 | €8,791 | ▼ 1.2% |
| Gross operating margin9900 | €15,432 | €55,739 | €27,710 | ▼ 50.3% |
| Operating profit (loss)9901 | €6,902 | €18,846 | €15,038 | ▼ 20.2% |
| Financial income75/76B | €8 | €1,290 | €33 | ▼ 97.4% |
| Recurring financial income75 | €8 | €1,290 | €33 | ▼ 97.4% |
| Financial charges65/66B | €292 | €726 | €487 | ▼ 32.9% |
| Recurring financial charges65 | €292 | €726 | €487 | ▼ 32.9% |
| Profit (loss) for the period before taxes9903 | €6,618 | €19,409 | €14,584 | ▼ 24.9% |
| Income taxes67/77 | €1,274 | €4,442 | €4,019 | ▼ 9.5% |
| Profit (loss) for the period9904 | €5,343 | €14,967 | €10,565 | ▼ 29.4% |
| Profit (loss) for the period to be appropriated9905 | €5,343 | €14,967 | €10,565 | ▼ 29.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €60,747 | €80,196 | €193,062 | ▲ 141% |
| Fixed assets21/28 | €30,599 | €21,382 | €21,871 | ▲ 2.3% |
| Tangible fixed assets22/27 | €30,599 | €20,382 | €17,071 | ▼ 16.2% |
| Plant, machinery and equipment23 | €12,442 | €11,608 | €10,039 | ▼ 13.5% |
| Furniture and vehicles24 | €18,158 | €8,774 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €7,032 | - |
| Financial fixed assets28 | - | €1,000 | €4,800 | ▲ 380% |
| Current assets29/58 | €30,147 | €58,814 | €171,191 | ▲ 191% |
| Stocks and contracts in progress3 | €5,000 | €0 | €120,026 | - |
| Stocks30/36 | €5,000 | €0 | €120,026 | - |
| Amounts receivable within one year40/41 | €21,066 | €52,369 | €34,715 | ▼ 33.7% |
| Trade receivables40 | €14,790 | €31,057 | €34,603 | ▲ 11.4% |
| Other amounts receivable41 | €6,275 | €21,312 | €112 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €3,156 | €5,358 | €3,215 | ▼ 40.0% |
| Deferred charges and accrued income490/1 | €925 | €1,088 | €13,235 | ▲ 1,117% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €60,747 | €80,196 | €193,062 | ▲ 141% |
| Equity10/15 | €20,343 | €35,311 | €45,875 | ▲ 29.9% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €5,343 | €20,311 | €30,875 | ▲ 52.0% |
| Distributable reserves133 | €5,343 | €20,311 | €30,875 | ▲ 52.0% |
| Amounts payable17/49 | €40,403 | €44,885 | €147,187 | ▲ 228% |
| Amounts payable within one year42/48 | €40,403 | €44,885 | €147,187 | ▲ 228% |
| Trade debts44 | €32,235 | €39,944 | €75,152 | ▲ 88.1% |
| Suppliers440/4 | €32,235 | €39,944 | €75,152 | ▲ 88.1% |
| Advances received on contracts in progress46 | - | - | €5,187 | - |
| Taxes, remuneration and social security45 | €5,033 | €4,941 | €11,527 | ▲ 133% |
| Taxes450/3 | €4,074 | €4,494 | €11,527 | ▲ 156% |
| Remuneration and social security454/9 | €959 | €447 | €0 | ▼ 100% |
| Other amounts payable47/48 | €3,136 | €0 | €55,321 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,343 | €14,967 | €10,565 | ▼ 29.4% |
| + Depreciation and write-downs630 | €5,464 | €12,068 | €3,882 | ▼ 67.8% |
| Operating cash flow (approximation) | €10,808 | €27,036 | €14,446 | ▼ 46.6% |
| Investment in fixed assets (approximation) | - | -€2,850 | -€4,371 | ▼ 53.3% |
| Change in cash | - | €2,202 | -€2,143 | ▼ 197% |
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
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 56 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €14,967 ▲180%
Operating result €18,846, net result €14,967, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
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, Temse · 1 establishment unit since 2022
Ground area
1,211 m²
Building footprint
723 m²
Volume, LiDAR
4,632 m³
2 parcels, Flanders · tallest building 14.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Construction Brothers
since 20222.337.892.119
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D0388/00D000 | Flanders | 1,066 m² | 1 · 678 m² | 14.3 m · 1 fl. |
| 46025B1091/00B003indicative | Flanders | 145 m² | 1 · 45 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,007 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
Founded15-11-2022
Fiscal year end31-12
Trade name NL
Construction Brothers
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793609458
Also
9925:BE0793609458
Registered
13-02-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.