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FEXIM

Active
Public limited companyfounded 199333 yrs activeBriscol 4, 6997 Erezée, BelgiumKBO/BCE: BE 0449.528.286
Summary

The computed 12-month bankruptcy probability of FEXIM is 2.7% (moderate). The 2024 annual accounts show equity of €1.9m and a net result of €355,678. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 18% of 3556 sector peers (fiscal year 2024). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
FEXIMActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222Other construction installation NACE 43240NACE 43299
#2 company by total assets in Erezée1 site
Size
€6.1mturnover 2024
Staff
27.3 FTE
Equity
€1.9m
Profit
€355,678
Financial health
51 Fair Checked score 2024
Bankruptcy chance 12 m
2.7%
Structure
Parent
EIFFAGE SA
Board
18 members
Auditor: MAZARS RÉVISEURS D'ENTREPRISES BEDRIJFSREVISOREN SRLAccounts 63 d overdue
Why 51- Figures for FY 2024 (filed 18-09-2025)- Equity €1.9m (16.0% of total assets)- Liquidity: current ratio 3.11, cash €68,585- Sector Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 35% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 41-1
equity 16.0% of total assets
Liquidity 38-2
short-term debt 31.0% · cash 0.6%
Profitability 62-3
return on assets 3.0%
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,627 companies)
Last 13 months 10-2025: 1.1% 11-2025: 1.1%● 0.0% vs 10-2025 12-2025: 1.1%● 0.0% vs 11-2025 01-2026: 1.1%● 0.0% vs 12-2025 02-2026: 1.1%▼ -3.2% vs 01-2026lowest value 03-2026: 1.2%▲ +6.2% vs 02-2026 04-2026: 1.2%● 0.0% vs 03-2026 05-2026: 1.2%▲ +1.1% vs 04-2026 06-2026: 1.2%▲ +2.0% vs 05-2026 07-2026: 1.2%▲ +1.9% vs 06-2026 08-2026: 1.8%▲ +44.6% vs 07-2026 09-2026: 2.1%▲ +18.8% vs 08-2026 10-2026: 2.7%▲ +26.3% vs 09-2026highest value
  • Figures for FY 2024 (filed 18-09-2025) raises the probability
  • Equity €1.9m (16.0% of total assets) raises the probability
  • Liquidity: current ratio 3.11, cash €68,585 raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 3.11 against 3.76 in 2023; short-term debt: 31% and cash: 0.6% of total assets), but 84% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 17%, liquidity 36%, profitability 31%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 18-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €1.9m (16.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 3.11, cash €68,585
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 3556 sector peers (2024).
NBB · sector comparison
Position among 3556 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
46 d late
2023
30 d late
2022
28 d early
2021
26 d late
2020
80 d early
2019
9 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Emile ABBOUD (director)Power of attorney
  2. Appointment: FORVIS MAZARS (statutory auditor)Mandate compensation · Power of…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Company by total assets in Erezéein the Checked rankings #2 View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Controlled by EIFFAGE SA parent View
  • A director leftlatest change 16-07-2026 · 18 in office 1 left View

By topic

Financials

Fiscal year
2024
Turnover
€6.1m
Profit
€355,678
Solvency
16.0%
Turnover▲ 6.2%
Net result
20222024
Go to Financials

Board & ownership

Board
18 members
Parent
EIFFAGE SA
Auditor
MAZARS RÉVISEURS D'ENTREPRISES BEDRIJFSREVISOREN…
Go to Board & ownership

Timeline

Events
51
Since
2004
  1. 16-07-2026Resignation: Emile ABBOUD (director)
  2. 22-12-2025Appointment: FORVIS MAZARS (statutory auditor)
  3. 15-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
24-02-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Who signs
The chair alone, or two directors jointly
Purpose
La société a pour objet principal, en Belgique ou à l’étranger, seule ou en participation…
Go to Articles of association

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