Focquaert Niels

Active

Private limited companyfounded 20232 yrs activeSteenoven 10, 8730 Beernem, BelgiumKBO/BCE: BE 1000.539.459

Summary

The computed 12-month bankruptcy probability of Focquaert Niels is 2.8% (moderate). The 2024 annual accounts show equity of €17k and a net result of €12k. Its solvency ranks better than 21% of 7445 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability88

Solvency46

Growth-

Track record67

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 2.31; short-term debt: 30.8% and cash: 8% of total assets), but 78.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

21.3%

Return on assets

15.2%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7445 sector peers (2024).

NBB · sector comparison

Position among 7445 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-04-2025, 121 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

121 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, abbreviated schema

Equity

€17k

Total assets

€82k

Net result

€12k

Working capital

€33k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition

Assets €82k

29.0%

71.0%

Fixed assets €24k

Current assets €58k

Equity and liabilities €82k

21.3%

78.7%

Equity €17k

Debt €64k

Debt finances 78.7% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€25k

Cash flow

€20k

Current ratio

2.31

Quick ratio

1.09

Debt to equity

3.70

ROE

71.3%

ROA

15.2%

Interest coverage

11.74

Debt ≤ 1 year

€25k

Debt > 1 year

€39k

Income taxes

€3k

Filed annual accounts As filed with the NBB · 2024 · 44 lines

Balance sheet Code2024

Assets

Total assets20/58€82k

Fixed assets21/28€24k

Tangible fixed assets22/27€24k

Furniture and vehicles24€24k

Current assets29/58€58k

Stocks and contracts in progress3€31k

Stocks30/36€23k

Contracts in progress37€7k

Amounts receivable within one year40/41€20k

Trade receivables40€13k

Other amounts receivable41€8k

Cash at bank and in hand54/58€7k

Deferred charges and accrued income490/1€616

Equity and liabilities

Total equity and liabilities10/49€82k

Equity10/15€17k

Contributions10/11€5k

Reserves13€12k

Distributable reserves133€12k

Amounts payable17/49€64k

Amounts payable after more than one year17€39k

Financial debts170/4€39k

Amounts payable within one year42/48€25k

Current portion of amounts payable after more than one year42€6k

Trade debts44€9k

Suppliers440/4€9k

Taxes, remuneration and social security45€4k

Taxes450/3€4k

Other amounts payable47/48€7k

Accrued charges and deferred income492/3€525

Income statement Code2024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k

Other operating charges640/8€712

Gross operating margin9900€26k

Operating profit (loss)9901€17k

Financial income75/76B€299

Recurring financial income75€299

Financial charges65/66B€2k

Recurring financial charges65€2k

Profit (loss) for the period before taxes9903€15k

Income taxes67/77€3k

Profit (loss) for the period9904€12k

Profit (loss) for the period to be appropriated9905€12k

Appropriation of the result

Profit (loss) to be appropriated9906€12k

Transfer to equity691/2€12k

To other reserves6921€12k

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2025

01-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Beernem · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Steenoven 108730 Beernem

Ground area

1,083 m²

Building footprint

103 m²

Volume, LiDAR

577 m³

Parcel 31021C0684/00G003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Focquaert Niels

Steenoven 10, 8730 BeernemGeneral construction of residential buildings

since 20232.350.646.035

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31021C0684/00G003	Flanders	1,083 m²	1 · 103 m²	8.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

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

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 2,335 EUR awarded · 2,335 EUR paid

Year	Entries	awarded	paid
2025	1	405 EUR	455 EUR
2024	1	1,658 EUR	1,608 EUR
2023	1	272 EUR	272 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 2,335 EUR · 2,335 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

TECHNI-K

BE 0418.977.741

Rixensart · Eq €17,394

Pulse Technics

BE 0801.657.686

Houthalen-Helchteren · Eq €17,406

STF

BE 0877.479.024

Lessines · Eq €17,407

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 6,901 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-09-2023

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

43222Installation of electric heating, air conditioning, cooling and ventilation

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.