Active BE 0741.406.533Private limited company

FB SOLUTIONS

· 6 yrs active

Sector: Specialised construction (43222)

Conclusion Checked

The computed 12-month bankruptcy probability of FB SOLUTIONS is 7.9% (elevated). The 2023 annual accounts show equity of €103k and a net result of €26k. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 901 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

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

Key figures

Equity	€103k
Net result	€26k
Better than sector	15%
Active	6 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

51 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 50

Profitability 51

Solvency 11

Growth 52

Stability 92

Bankruptcy probability (12 mo) Checked model v1 · free

7.9% Elevated

0%0,5%1,5%4%10%≥25%

Recent warning signals +Young company +Higher-failure-rate sector +

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

Risk Assessment rule-based

3 / 100

Low risk

Components

· 1 administrative flag (+3)

Trust signals 1 signals

No legal incidents

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

Administrative Flags 1 events

Address struck

Health barometer FY 2023 · computed

50 / 100 Fair

050100

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

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 21-02-2024 with the NBB · fiscal year 2023 · verkort

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 ~38.6%/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 2023 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.9%	33.8%	better than 15% of 901 sector peers
Net result	€26k	€29k	better than 48% of 901 sector peers
Equity	€103k	€130k	better than 46% of 901 sector peers
Gross operating margin	€107k	€196k	better than 41% of 899 sector peers
Staff costs	€18k	€209k	higher than 13% of 569 sector peers

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

Revenue

€2.06M

- 21-23

EBITDA

€89k

-20.8% 21-23

Net profit

€26k

-21.8% 21-23

Cash flow

€86k

-13.9% 21-23

Total assets

€1.76M

+165.9% 21-23

Equity

€103k

+33.9% 21-23

Working capital

€-300k

-141.1% 21-23

Staff costs

€18k

-38.9% 21-23

Income taxes

€12k

+62.0% 21-23

Debt

€1.66M

+183.3% 21-23

Debt ≤ 1y

€1.61M

+175.8% 21-23

Debt > 1y

€39k

- 21-23

Current ratio

0.81

+3.4% 21-23

Quick ratio

0.81

+3.4% 21-23

Solvency

5.9%

-49.6% 21-23

Debt / equity

16.09

+111.5% 21-23

ROE

25.3%

-41.6% 21-23

ROA

1.5%

-70.6% 21-23

Net margin

1.3%

- 21-23

EBITDA margin

4.3%

- 21-23

Interest coverage

30.59

-87.5% 21-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	€2.06M
EBITDA	€89k
Net profit	€26k
Cash flow	€86k
Staff costs	€18k
Income taxes	-
Dividends	-
Total assets	€1.76M
Equity	€103k
Debt	€1.66M
of which ≤ 1y	€1.61M
of which > 1y	€39k
Working capital	€-300k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.81
Quick ratio	0.81
Working capital ratio	-17.0%
Solvency	5.9%
Debt / equity	16.09
Long-term debt ratio	0.37
Interest coverage	30.59
Gross margin	5.2%
Net margin	1.3%
ROA	1.5%
ROE	25.3%
EBITDA margin	4.3%
Days sales outstanding	93d
Days payable outstanding	259d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €446k · 25.4% Current assets €1.32M · 74.7%

Equity & liabilities

Equity €103k · 5.9% Debt €1.66M · 94.2%

Full annual accounts

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.76M
Fixed assets	21/28	€446k
Tangible fixed assets	22/27	€446k
Financial fixed assets	28	€74
Current assets	29/58	€1.32M
Amounts receivable within one year	40/41	€1.07M
Cash & bank	54/58	€243k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.76M
Equity	10/15	€103k
Reserves	13	€77k
Accumulated profits (losses)	14	€26k
Amounts payable	17/49	€1.66M
Amounts payable after one year	17	€39k
Amounts payable within one year	42/48	€1.61M
Trade debts payable within one year	44	€1.39M
Income statement
Turnover	70	€2.06M
Gross operating margin	9900	€107k
Operating result	9901	€29k
Financial charges	65	€3k
Result before taxes	9903	€26k
Net result for the period	9904	€26k
Result to be appropriated	9905	€26k

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

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

NIYAZI SHENOL
Director
State Gazette act 25118461 (19-09-2025)

Current
01-07-2025 → present

Former directors (2)

BOZDAG TARIK
Director
State Gazette act 23048196 (07-04-2023)

Former
07-04-2023 → 30-06-2025
2 events
- 30-06-2025 Resigned· Director
- 07-04-2023 Appointed· Director
GÜLISTAN HIDIR
Director
State Gazette act 23048196 (07-04-2023)

Former
- → 07-04-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Specialised construction(43222)
Legal form	Private limited company(610)
Incorporation	10-01-2020
Status	Active
Postal code	-

Establishment units 1 location

FB SOLUTIONS

Bouw van autowegen en andere wegen

since 20202.299.223.365

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

Real-estate footprint Source: CBE × cadastre

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21673D0055/00R006	Brussels	191 m²	1 · 90 m²	14.0 m · 4 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.

Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

19-09-2025

State Gazette act Capital & shares

31-01-2025

State Gazette act Registered-office change

09-01-2025

KBO administration Address struck

Zinniastraat 17 9000 Die Sitzadresse Zinniastraat 17 9000 Gent · event 19-09-2024

2024

21-02-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

30-11-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

07-04-2023

State Gazette act Capital & shares

2022

30-11-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

Lifecycle & Insolvency Signals 1 events

09-01-2025

KBO administration Address struck

Date: 19-09-2024 · Zinniastraat 17 9000 Die Sitzadresse Zinniastraat 17 9000 Gent · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 3 acts

Capital history · 2

19-09-2025

Capital change

07-04-2023

Capital change

Address history · 1

31-01-2025

Registered-office move

All acts · 3 updated 10 months ago

2025

19-09-2025 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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31-01-2025 Registered office moved to SINT-LAMBRECHTS-WOLUWE Registered-office change

ROODEBEEKSTEENWEG 206, 1200 SINT-LAMBRECHTS-WOLUWE

Original publication ↗

Technical details

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2023

07-04-2023 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222

Primary activity highlighted.

Names & trade names

Legal nameNL

FB SOLUTIONS

Registration history

19-09-2024 Address struck

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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