FGLS Immo · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FGLS Immo is 1.3% (low). The 2024 annual accounts show equity of €16k and a net result of €-5k. Its solvency ranks better than 80% of 4962 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 80% of 4962 peers (2024). A comfortable equity buffer.

View the sector comparison

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, 15 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.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 2 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	16-07-2025	15 d early	2025-00274373
31-12-2023	31-07-2024	04-07-2024	27 d early	2024-00229141

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 2023, 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

1.3% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-5k

Working capital€7k-47.8%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	63.2%	16.7%	better than 80% of 4962 sector peers
Net result	€-5k	€2k	better than 33% of 4954 sector peers
Equity	€16k	€27k	better than 43% of 4965 sector peers
Gross operating margin	€-3k	€27k	better than 18% of 4948 sector peers
Total assets	€26k	€302k	better than 9% of 4964 sector peers

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

EBITDA

€-3k

- 23-24

Net profit

€-5k

- 23-24

Cash flow

€-4k

- 23-24

Total assets

€26k

-76.6% 23-24

Equity

€16k

-24.9% 23-24

Working capital

€7k

-47.8% 23-24

Income taxes

€0

-100.0% 23-24

Debt

€10k

-89.3% 23-24

Debt ≤ 1y

€10k

-89.3% 23-24

Current ratio

1.70

+48.9% 23-24

Quick ratio

1.70

+1157.7% 23-24

Solvency

63.2%

+221.2% 23-24

Debt / equity

0.58

-85.7% 23-24

ROE

-33.2%

- 23-24

ROA

-21.0%

- 23-24

Interest coverage

-5.88

- 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-3k
Net profit	€-5k
Cash flow	€-4k
Staff costs	-
Income taxes	€0
Dividends	-
Total assets	€26k
Equity	€16k
Debt	€10k
of which ≤ 1y	€10k
of which > 1y	-
Working capital	€7k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.70
Quick ratio	1.70
Working capital ratio	25.9%
Solvency	63.2%
Debt / equity	0.58
Long-term debt ratio	-
Interest coverage	-5.88
Gross margin	-
Net margin	-
ROA	-21.0%
ROE	-33.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €10k · 37.3% Current assets €16k · 62.8%

Equity & liabilities

Equity €16k · 63.2% Debt €10k · 36.8%

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	€26k
Fixed assets	21/28	€10k
Tangible fixed assets	22/27	€10k
Current assets	29/58	€16k
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€5k
Cash & bank	54/58	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€26k
Equity	10/15	€16k
Contributions / capital	10/11	€4k
Accumulated profits (losses)	14	€13k
Amounts payable	17/49	€10k
Amounts payable within one year	42/48	€10k
Trade debts payable within one year	44	€657
Income statement
Gross operating margin	9900	€-3k
Operating result	9901	€-5k
Financial income	75	€363
Financial charges	65	€583
Result before taxes	9903	€-5k
Income taxes	67/77	€0
Net result for the period	9904	€-5k
Result to be appropriated	9905	€-5k

You are seeing the latest fiscal year only. 1 prior year (figures + ratios) is in a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

52 / 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.

The full score breakdown, per-year score history and the indicative credit limit are in 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

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Avenue du Sud 396001 Charleroi

Establishment units

1 location

FGLS Immo

Avenue du Sud 39, 6001 CharleroiOntwikkeling van residentiële bouwprojecten

since 20232.344.339.748

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

Parcels1

Ground area657 m²

Buildings1

Building footprint117 m²

Volume (LiDAR)955 m³

Tallest building17.3 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.
52392D0073/00B039	Wallonia	657 m²	1 · 117 m²	17.3 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.