FX3
ActiveSummary
FX3 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €615k and a net result of €225k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 321 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-10
Solvency47▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.31 in 2023; short-term debt: 26.9% and cash: 1.9% of total assets), and 78% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €615k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
37 d early
2022
35 d early
2021
40 d early
2020
33 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€225k▲ 10.1%
2023 · €204k
Working capital
€148k▼ 43.6%
2023 · €262k
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
Line20202021202220232024
Operating result€-124k€115k€86k▼ 24.9%€278k▲ 222%€312k▲ 12.2%
Net result€-128k€111k€74k▼ 33.2%€204k▲ 176%€225k▲ 10.1%
Equity€-4€111k€185k▲ 66.8%€390k▲ 110%€615k▲ 57.8%
Total assets€254k▼ 30.8%€369k▲ 45.4%€639k▲ 73.3%€1.24M▲ 94.0%€2.79M▲ 125%
Debt€254k▲ 6.2%€258k▲ 1.6%€454k▲ 76.1%€851k▲ 87.3%€2.18M▲ 156%
Working capital€40k▼ 71.3%€76k▲ 88.0%€128k▲ 69.5%€262k▲ 104%€148k▼ 43.6%
Staff (FTE)1.4▲ 100%4▲ 186%4=4=4.8▲ 20.0%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.79M
Fixed assets
€1.89M ▲ 1,301%
Current assets
€899k ▼ 18.6%
Equity and liabilities €2.79M
Equity
€615k ▲ 57.8%
Debt
€2.18M ▲ 156%
Debt's share of the balance-sheet total rises from 68.6% to 78.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€390k▲
2023 · €324k
Cash flow
€303k▲
2023 · €250k
Current ratio
1.20▼
2023 · 1.31
Quick ratio
1.16▼
2023 · 1.28
Debt to equity
3.55▲
2023 · 2.18
ROE
36.6%▼
2023 · 52.5%
ROA
8.1%▼
2023 · 16.5%
Interest coverage
65.55▼
2023 · 85.14
Debt ≤ 1 year
€751k▼
2023 · €843k
Debt > 1 year
€1.43M▲
2023 · €8k
Income taxes
€81k▲
2023 · €70k
Staff costs
€217k▲
2023 · €174k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €0 | €5k | €37k | ▲ 639% |
| Remuneration, social security and pensions62 | - | €92k | €163k | €174k | €217k | ▲ 25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €24k | €39k | €46k | €78k | ▲ 69.0% |
| Other operating charges640/8 | - | €531 | €527 | €756 | €877 | ▲ 16.0% |
| Non-recurring operating charges66A | - | - | - | €782 | - | - |
| Gross operating margin9900 | €-72k | €232k | €288k | €499k | €608k | ▲ 21.8% |
| Operating profit (loss)9901 | €-124k | €115k | €86k | €278k | €312k | ▲ 12.2% |
| Financial income75/76B | - | - | €8 | - | - | - |
| Recurring financial income75 | - | - | €8 | - | - | - |
| Financial charges65/66B | - | €4k | €4k | €4k | €6k | ▲ 56.2% |
| Recurring financial charges65 | €3k | €4k | €4k | €4k | €6k | ▲ 56.2% |
| Profit (loss) for the period before taxes9903 | €-128k | €111k | €83k | €274k | €306k | ▲ 11.6% |
| Income taxes67/77 | €74 | €281 | €9k | €70k | €81k | ▲ 16.1% |
| Profit (loss) for the period9904 | €-128k | €111k | €74k | €204k | €225k | ▲ 10.1% |
| Profit (loss) for the period to be appropriated9905 | €-128k | €111k | €74k | €204k | €225k | ▲ 10.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €254k | €369k | €639k | €1.24M | €2.79M | ▲ 125% |
| Fixed assets21/28 | €57k | €93k | €128k | €135k | €1.89M | ▲ 1,301% |
| Tangible fixed assets22/27 | €56k | €91k | €126k | €134k | €1.89M | ▲ 1,317% |
| Land and buildings22 | - | - | - | - | €1.65M | - |
| Plant, machinery and equipment23 | - | €61k | €105k | €122k | €235k | ▲ 93.2% |
| Furniture and vehicles24 | - | €31k | €21k | €12k | €11k | ▼ 8.8% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €196k | €276k | €511k | €1.10M | €899k | ▼ 18.6% |
| Stocks and contracts in progress3 | €15k | €22k | €26k | €23k | €27k | ▲ 16.8% |
| Stocks30/36 | - | €22k | €26k | €23k | €27k | ▲ 16.8% |
| Amounts receivable within one year40/41 | €142k | €234k | €464k | €831k | €812k | ▼ 2.2% |
| Trade receivables40 | - | €195k | €333k | €785k | €731k | ▼ 6.9% |
| Other amounts receivable41 | - | €38k | €131k | €45k | €81k | ▲ 79.0% |
| Cash at bank and in hand54/58 | €3k | €21k | €21k | €251k | €53k | ▼ 78.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €7k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €254k | €369k | €639k | €1.24M | €2.79M | ▲ 125% |
| Equity10/15 | €-4 | €111k | €185k | €390k | €615k | ▲ 57.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €42k | €142k | ▲ 239% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €42k | €142k | ▲ 239% |
| Profit (loss) carried forward14 | €-8k | €103k | €177k | €342k | €467k | ▲ 36.6% |
| Amounts payable17/49 | €254k | €258k | €454k | €851k | €2.18M | ▲ 156% |
| Amounts payable after more than one year17 | €93k | €40k | €18k | €8k | €1.43M | ▲ 18,197% |
| Financial debts170/4 | - | €40k | €18k | €8k | €1.43M | ▲ 18,197% |
| Amounts payable within one year42/48 | €156k | €200k | €383k | €843k | €751k | ▼ 10.8% |
| Current portion of amounts payable after more than one year42 | - | €22k | €22k | €10k | €90k | ▲ 774% |
| Trade debts44 | €135k | €124k | €306k | €732k | €556k | ▼ 23.9% |
| Suppliers440/4 | - | €124k | €306k | €727k | €556k | ▼ 23.4% |
| Bills of exchange payable441 | - | - | - | €5k | - | - |
| Taxes, remuneration and social security45 | - | €16k | €31k | €48k | €53k | ▲ 10.7% |
| Taxes450/3 | - | €5k | €5k | €12k | €14k | ▲ 15.8% |
| Remuneration and social security454/9 | - | €11k | €26k | €36k | €40k | ▲ 9.1% |
| Other amounts payable47/48 | - | €38k | €25k | €52k | €51k | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | €18k | €53k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-128k | €111k | €74k | €204k | €225k | ▲ 10.1% |
| + Depreciation and write-downs630 | €22k | €24k | €39k | €46k | €78k | ▲ 69.0% |
| Operating cash flow (approximation) | €-106k | €135k | €113k | €250k | €303k | ▲ 20.9% |
| Investment in fixed assets (approximation) | - | €-60k | €-74k | €-53k | €-1.84M | ▼ 3,336% |
| Change in cash | - | €18k | €161 | €230k | €-198k | ▼ 186% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €225k ▲10.1%
Operating result €312k, net result €225k, both a record.
31-12
Financial
Equity above €500kEq €615k ▲57.8%
4 profitable years in a row build equity to €615k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €200kEq €390k ▲110%
3 profitable years in a row build equity to €390k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €185k ▲66.8%
2 profitable years in a row build equity to €185k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €111k
Net result €111k after one loss-making year.
31-12
Financial
Equity above €100kEq €111k
Equity rises from €-4 to €111k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
Show earlier events
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 182 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Perwez · 1 establishment unit since 2009
Ground area
3,020 m²
Building footprint
1,690 m²
Parcel 25084C0577/00N002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Blés d'Or 6, 1360 Perwez
since 20092.179.367.096
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0577/00N002 | Wallonia | 3,019 m² | 1 · 1,690 m² | - |
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.
Similar companies · same sector, comparable size
SOLUTION
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EXPO FORCE
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AXSE
BE 0667.976.840
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DEL DIFFUSION
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Of 672 companies in sector 90392 we hold annual accounts for 205. 103 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
Founded22-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
90392Design and construction of stages and sets
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
77229Renting and leasing of other personal and household goods
Scores and ratios are computed by Checked and are not a credit decision.