FB ELEC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FB ELEC is 2.9% (moderate). The 2024 annual accounts show equity of €35k and a net result of €21k. Equity is growing by ~89% per year across the filed fiscal years. Its solvency ranks better than 18% of 11087 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

3 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 11087 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	26-08-2025	26 d late	2025-00413425
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00434725
31-12-2022	31-07-2023	30-08-2023	30 d late	2023-00412555

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.9% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€333k

EBIT margin1.6%

Net result€21k+496.6%

Working capital€-82k+33.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 26-08-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~89%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	13.0%	40.9%	better than 18% of 11087 sector peers
Net result	€21k	€11k	better than 65% of 11069 sector peers
Equity	€35k	€34k	better than 50% of 11090 sector peers
Gross operating margin	€131k	€35k	better than 87% of 11060 sector peers
Staff costs	€81k	€25k	higher than 80% of 4038 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P18

Stable position over 2022-2024 · n=6533-11087

Net result P65

Improving position over 2022-2024 · n=6518-11069

Equity P50

Improving position over 2022-2024 · n=6539-11090

Gross operating margin P87

Stable position over 2022-2024 · n=6512-11060

Describes the position versus peers, not a forecast.

Revenue

€333k

- 22-24

EBITDA

€50k

+75.3% 22-24

Net profit

€21k

+496.6% 22-24

Cash flow

€43k

+71.4% 22-24

Total assets

€269k

-19.4% 22-24

Equity

€35k

+152.4% 22-24

Working capital

€-82k

+33.5% 22-24

Employees (FTE)

4

+68.2% 22-24

Staff costs

€81k

+7.7% 22-24

Income taxes

€6k

+350.6% 22-24

Debt

€234k

-26.9% 22-24

Debt ≤ 1y

€234k

-26.9% 22-24

Debt > 1y

€21k

- 22-24

Current ratio

0.65

+5.6% 22-24

Quick ratio

0.51

+20.0% 22-24

Solvency

13.0%

+213.4% 22-24

Debt / equity

6.71

-71.0% 22-24

ROE

60.4%

+136.3% 22-24

ROA

7.8%

+640.6% 22-24

Net margin

1.3%

- 22-24

EBITDA margin

6.0%

- 22-24

Interest coverage

56.79

+307.1% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€50k
Net profit	€21k
Cash flow	€43k
Staff costs	€81k
Income taxes	€6k
Dividends	-
Total assets	€269k
Equity	€35k
Debt	€234k
of which ≤ 1y	€234k
of which > 1y	-
Working capital	€-82k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.65
Quick ratio	0.51
Working capital ratio	-30.4%
Solvency	13.0%
Debt / equity	6.71
Long-term debt ratio	-
Interest coverage	56.79
Gross margin	-
Net margin	-
ROA	7.8%
ROE	60.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €117k · 43.4% Current assets €152k · 56.6%

Equity & liabilities

Equity €35k · 13.0% Debt €234k · 87.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€269k
Fixed assets	21/28	€117k
Intangible fixed assets	21	€109k
Tangible fixed assets	22/27	€7k
Current assets	29/58	€152k
Stocks & contracts in progress	3	€33k
Amounts receivable within one year	40/41	€60k
Cash & bank	54/58	€59k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€269k
Equity	10/15	€35k
Contributions / capital	10/11	€6k
Accumulated profits (losses)	14	€29k
Amounts payable	17/49	€234k
Amounts payable within one year	42/48	€234k
Trade debts payable within one year	44	€29k
Income statement
Gross operating margin	9900	€131k
Operating result	9901	€28k
Financial income	75	€0
Financial charges	65	€878
Result before taxes	9903	€27k
Income taxes	67/77	€6k
Net result for the period	9904	€21k
Result to be appropriated	9905	€21k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

51 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

FB ELEC

Rue de Liège 70, 4357 DonceelVervaardiging van gesmede werkstukken van metaal voor rekening van derden.

since 20222.330.325.723

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area783 m²

Buildings1

Building footprint61 m²

Volume (LiDAR)560 m³

Tallest building10.4 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
64046A0482/00N000	Wallonia	783 m²	1 · 61 m²	10.4 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

67 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51

Profitability 100

Solvency 12

Growth 78

Stability 94

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