FAIRTECH
ActiveSummary
FAIRTECH has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €300k and a net result of €208k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+2
Solvency84▲+43
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 4.12 against 1.1 in 2023; short-term debt: 14.2% and cash: 21.8% of total assets), and 40.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.2%
Return on assets
41.2%
Age of the figures
21 mo
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 01-07-2025, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
28 d early
2022
31 d late
2021
55 d late
2020
19 d late
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€300k▲ 228%
2023 · €91k
2018: €61klowest in 7 years
2019: €100k▲ +65.6% vs 2018
2020: €117k▲ +16.9% vs 2019
2021: €129k▲ +10.0% vs 2020
2022: €195k▲ +50.8% vs 2021
2023: €91k▼ -53.1% vs 2022
2024: €300k▲ +228% vs 2023highest in 7 years
2018 → 2024
Total assets
€506k▼ 10.1%
2023 · €563k
2018: €454k
2019: €409k▼ -9.9% vs 2018
2020: €366k▼ -10.3% vs 2019lowest in 7 years
2021: €376k▲ +2.7% vs 2020
2022: €428k▲ +13.6% vs 2021
2023: €563k▲ +31.7% vs 2022highest in 7 years
2024: €506k▼ -10.1% vs 2023
2018 → 2024
Net result
€208k▲ 58.2%
2023 · €132k
2018: €15k
2019: €40k▲ +173% vs 2018
2020: €17k▼ -57.2% vs 2019
2021: €12k▼ -30.9% vs 2020lowest in 7 years
2022: €66k▲ +458% vs 2021
2023: €132k▲ +101% vs 2022
2024: €208k▲ +58.2% vs 2023highest in 7 years
2018 → 2024
Working capital
€224k▲ 590%
2023 · €32k
2018: €-4klowest in 7 years
2019: €51k▲ +1391% vs 2018
2020: €68k▲ +33.8% vs 2019
2021: €75k▲ +9.9% vs 2020
2022: €141k▲ +87.2% vs 2021
2023: €32k▼ -76.9% vs 2022
2024: €224k▲ +590% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€117k-€129k▲ 10.0%€195k▲ 50.8%€91k▼ 53.1%€300k▲ 228%
2020: €117k
2021: €129k▲ +10.0% vs 2020
2022: €195k▲ +50.8% vs 2021
2023: €91k▼ -53.1% vs 2022lowest in 5 years
2024: €300k▲ +228% vs 2023highest in 5 years
Operating result€33k-€28k▼ 16.1%€100k▲ 261%€187k▲ 87.5%€271k▲ 44.7%
2020: €33k
2021: €28k▼ -16.1% vs 2020lowest in 5 years
2022: €100k▲ +261% vs 2021
2023: €187k▲ +87.5% vs 2022
2024: €271k▲ +44.7% vs 2023highest in 5 years
Net result€17k-€12k▼ 30.9%€66k▲ 458%€132k▲ 101%€208k▲ 58.2%
2020: €17k
2021: €12k▼ -30.9% vs 2020lowest in 5 years
2022: €66k▲ +458% vs 2021
2023: €132k▲ +101% vs 2022
2024: €208k▲ +58.2% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 45% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €506k
Fixed assets
€210k ▼ 2.9%
Current assets
€296k ▼ 14.6%
Equity and liabilities €506k
Equity
€300k ▲ 228%
Debt
€206k ▼ 56.3%
Debt's share of the balance-sheet total falls from 83.8% to 40.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€292k▲
2023 · €208k
Cash flow
€229k▲
2023 · €152k
Current ratio
4.12▲
2023 · 1.10
Quick ratio
3.54▲
2023 · 1.01
Debt to equity
0.69▼
2023 · 5.17
ROE
69.5%▼
2023 · 144.2%
ROA
41.2%▲
2023 · 23.4%
Interest coverage
24.79▲
2023 · 16.48
Debt ≤ 1 year
€72k▼
2023 · €314k
Debt > 1 year
€134k▼
2023 · €158k
Income taxes
€65k▲
2023 · €43k
Staff costs
€0▼
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€563k€506k▼
Fixed assets21/28€216k€210k▼
Tangible fixed assets22/27€216k€210k▼
Land and buildings22€192k€181k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€21k€26k▲
Financial fixed assets28€160€160=
Current assets29/58€347k€296k▼
Amounts receivable after more than one year29€27k€29k▲
Other amounts receivable291€27k€29k▲
Stocks and contracts in progress3€29k€42k▲
Stocks30/36€29k€42k▲
Amounts receivable within one year40/41€161k€115k▼
Trade receivables40€97k€54k▼
Other amounts receivable41€64k€61k▼
Cash at bank and in hand54/58€130k€110k▼
Deferred charges and accrued income490/1-€837
Equity and liabilities
Total equity and liabilities10/49€563k€506k▼
Equity10/15€91k€300k▲
Contributions10/11€19k€19k=
Reserves13€73k€281k▲
Distributable reserves133€73k€281k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€472k€206k▼
Amounts payable after more than one year17€158k€134k▼
Financial debts170/4€158k€134k▼
Amounts payable within one year42/48€314k€72k▼
Current portion of amounts payable after more than one year42€24k€24k▲
Trade debts44€34k€19k▼
Suppliers440/4€34k€19k▼
Taxes, remuneration and social security45€21k€21k=
Taxes450/3€21k€21k=
Other amounts payable47/48€236k€8k▼
Income statement
Code20232024
Remuneration, social security and pensions62€11k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16k
Other operating charges640/8€5k€2k▼
Gross operating margin9900€224k€310k▲
Operating profit (loss)9901€187k€271k▲
Financial income75/76B€594€14k▲
Recurring financial income75€594€14k▲
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€175k€273k▲
Income taxes67/77€43k€65k▲
Profit (loss) for the period9904€132k€208k▲
Profit (loss) for the period to be appropriated9905€132k€208k▲
Appropriation of the result
Profit (loss) to be appropriated9906€306k€208k▼
Profit (loss) brought forward from the previous period14P€174k€0▼
Transfer to equity691/2€71k€208k▲
To other reserves6921€71k€208k▲
Profit to be distributed694/7€235k€0▼
Return on contributions (dividend)694€235k€0▼
Social balance
Average headcount (FTE)90870.30.0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €38k | €40k | €11k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €26k | €28k | €21k | €21k | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €16k | - |
| Other operating charges640/8 | - | €4k | €5k | €5k | €2k | ▼ 54.2% |
| Gross operating margin9900 | €100k | €95k | €172k | €224k | €310k | ▲ 38.2% |
| Operating profit (loss)9901 | €33k | €28k | €100k | €187k | €271k | ▲ 44.7% |
| Financial income75/76B | - | - | €2k | €594 | €14k | ▲ 2,294% |
| Recurring financial income75 | - | - | €2k | €594 | €14k | ▲ 2,294% |
| Financial charges65/66B | - | €11k | €17k | €13k | €12k | ▼ 6.6% |
| Recurring financial charges65 | €10k | €11k | €17k | €13k | €12k | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €23k | €16k | €85k | €175k | €273k | ▲ 56.0% |
| Income taxes67/77 | €6k | €5k | €19k | €43k | €65k | ▲ 49.4% |
| Profit (loss) for the period9904 | €17k | €12k | €66k | €132k | €208k | ▲ 58.2% |
| Profit (loss) for the period to be appropriated9905 | €17k | €12k | €66k | €132k | €208k | ▲ 58.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €366k | €376k | €428k | €563k | €506k | ▼ 10.1% |
| Fixed assets21/28 | €248k | €257k | €235k | €216k | €210k | ▼ 2.9% |
| Tangible fixed assets22/27 | €248k | €257k | €235k | €216k | €210k | ▼ 2.9% |
| Land and buildings22 | - | €213k | €202k | €192k | €181k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €3k | €6k | €4k | €3k | ▼ 25.1% |
| Furniture and vehicles24 | - | €42k | €27k | €21k | €26k | ▲ 24.7% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €118k | €119k | €192k | €347k | €296k | ▼ 14.6% |
| Amounts receivable after more than one year29 | - | - | - | €27k | €29k | ▲ 7.0% |
| Other amounts receivable291 | - | - | - | €27k | €29k | ▲ 7.0% |
| Stocks and contracts in progress3 | - | - | - | €29k | €42k | ▲ 44.7% |
| Stocks30/36 | - | - | - | €29k | €42k | ▲ 44.7% |
| Amounts receivable within one year40/41 | €72k | €81k | €153k | €161k | €115k | ▼ 28.8% |
| Trade receivables40 | - | €42k | €93k | €97k | €54k | ▼ 44.6% |
| Other amounts receivable41 | - | €39k | €59k | €64k | €61k | ▼ 4.6% |
| Cash at bank and in hand54/58 | €46k | €38k | €38k | €130k | €110k | ▼ 15.3% |
| Deferred charges and accrued income490/1 | - | - | €2k | - | €837 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €366k | €376k | €428k | €563k | €506k | ▼ 10.1% |
| Equity10/15 | €117k | €129k | €195k | €91k | €300k | ▲ 228% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €73k | €281k | ▲ 287% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Other1319 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €73k | €281k | ▲ 287% |
| Profit (loss) carried forward14 | €97k | €109k | €174k | - | €0 | - |
| Amounts payable17/49 | €249k | €247k | €233k | €472k | €206k | ▼ 56.3% |
| Amounts payable after more than one year17 | €199k | €203k | €181k | €158k | €134k | ▼ 14.7% |
| Financial debts170/4 | - | €203k | €181k | €158k | €134k | ▼ 14.7% |
| Amounts payable within one year42/48 | €50k | €44k | €52k | €314k | €72k | ▼ 77.1% |
| Current portion of amounts payable after more than one year42 | - | €28k | €17k | €24k | €24k | ▲ 0.1% |
| Trade debts44 | €16k | €11k | €27k | €34k | €19k | ▼ 43.1% |
| Suppliers440/4 | - | €11k | €27k | €34k | €19k | ▼ 43.1% |
| Taxes, remuneration and social security45 | - | €5k | €8k | €21k | €21k | = |
| Taxes450/3 | - | - | €4k | €21k | €21k | = |
| Remuneration and social security454/9 | - | €5k | €4k | - | - | - |
| Other amounts payable47/48 | - | - | - | €236k | €8k | ▼ 96.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €12k | €66k | €132k | €208k | ▲ 58.2% |
| + Depreciation and write-downs630 | €29k | €26k | €28k | €21k | €21k | ▲ 1.6% |
| Operating cash flow (approximation) | €46k | €38k | €93k | €152k | €229k | ▲ 50.6% |
| Investment in fixed assets (approximation) | - | €-35k | €-6k | €-1k | €-15k | ▼ 882% |
| Change in cash | - | €-8k | €108 | €92k | €-20k | ▼ 122% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €208k ▲58.2%
Operating result €271k, net result €208k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.12
Current ratio from 1.10 to 4.12; short-term debt falls from €314k to €72k.
31-12
Financial
Equity above €200kEq €300k ▲228%
7 profitable years in a row build equity to €300k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €195k ▲50.8%
5 profitable years in a row build equity to €195k.
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 55 days late
2021
31-12
Financial
Weakest financial yearnet €12k ▼30.9%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
31-12
Financial
Equity above €100kEq €100k ▲65.6%
2 profitable years in a row build equity to €100k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
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, Houthalen-Helchteren · 1 establishment unit since 2016
Ground area
206 m²
Parcel 72452E1161/00Y008, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
FAIRTECH
since 20162.260.993.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E1161/00Y008 | Flanders | 206 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.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,537 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
Founded07-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.