FVB
ActiveSummary
The computed 12-month bankruptcy probability of FVB is 1.9% (moderate). The 2025 annual accounts show equity of €28k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+30
Solvency61▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 0.99 in 2024; short-term debt: 38.3% and cash: 35.6% of total assets), and 64.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.8%
Return on assets
6.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
27 d early
2024
16 d early
2023
2 d early
2022
14 d early
2021
30 d early
2020
30 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▲ 23.0%
2024 · €23k
2019: €35k
2020: €66k▲ +88.9% vs 2019
2021: €116k▲ +75.5% vs 2020
2022: €127k▲ +9.7% vs 2021highest in 7 years
2023: €35k▼ -72.6% vs 2022
2024: €23k▼ -34.1% vs 2023lowest in 7 years
2025: €28k▲ +23.0% vs 2024
2019 → 2025
Total assets
€79k▼ 14.2%
2024 · €92k
2019: €86k
2020: €112k▲ +30.3% vs 2019
2021: €139k▲ +23.4% vs 2020
2022: €148k▲ +6.9% vs 2021highest in 7 years
2023: €120k▼ -19.1% vs 2022
2024: €92k▼ -23.1% vs 2023
2025: €79k▼ -14.2% vs 2024lowest in 7 years
2019 → 2025
Net result
€5k
2024 · €-12k
2019: €34k
2020: €31k▼ -8.5% vs 2019
2021: €50k▲ +60.4% vs 2020highest in 7 years
2022: €11k▼ -77.5% vs 2021
2023: €-22k▼ -295% vs 2022lowest in 7 years
2024: €-12k▲ +45.9% vs 2023
2025: €5k▲ +145% vs 2024
2019 → 2025
Working capital
€9k
2024 · €-439
2019: €23k
2020: €50k▲ +118% vs 2019
2021: €104k▲ +109% vs 2020
2022: €112k▲ +8.5% vs 2021highest in 7 years
2023: €9k▼ -91.6% vs 2022
2024: €-439▼ -105% vs 2023lowest in 7 years
2025: €9k▲ +2253% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€127k▲ 9.7%€35k▼ 72.6%€23k▼ 34.1%€28k▲ 23.0%
2021: €116k
2022: €127k▲ +9.7% vs 2021highest in 5 years
2023: €35k▼ -72.6% vs 2022
2024: €23k▼ -34.1% vs 2023lowest in 5 years
2025: €28k▲ +23.0% vs 2024
Operating result€64k-€16k▼ 75.7%€-20k€-10k▲ 50.7%€7k
2021: €64khighest in 5 years
2022: €16k▼ -75.7% vs 2021
2023: €-20k▼ -228% vs 2022lowest in 5 years
2024: €-10k▲ +50.7% vs 2023
2025: €7k▲ +169% vs 2024
Net result€50k-€11k▼ 77.5%€-22k€-12k▲ 45.9%€5k
2021: €50khighest in 5 years
2022: €11k▼ -77.5% vs 2021
2023: €-22k▼ -295% vs 2022lowest in 5 years
2024: €-12k▲ +45.9% vs 2023
2025: €5k▲ +145% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€39k ▼ 32.0%
Current assets
€40k ▲ 15.5%
Equity and liabilities €79k
Equity
€28k ▲ 23.0%
Debt
€51k ▼ 26.6%
Debt's share of the balance-sheet total falls from 75.1% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2024 · €9k
Cash flow
€24k▲
2024 · €7k
Current ratio
1.31▲
2024 · 0.99
Debt to equity
1.80▼
2024 · 3.01
ROE
18.7%▲
2024 · -51.6%
ROA
6.7%▲
2024 · -12.9%
Interest coverage
20.46▲
2024 · 5.26
Debt ≤ 1 year
€30k▼
2024 · €35k
Debt > 1 year
€20k▼
2024 · €34k
Income taxes
€343▼
2024 · €372
Staff costs
€66k▼
2024 · €77k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€92k€79k▼
Fixed assets21/28€58k€39k▼
Tangible fixed assets22/27€58k€39k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€1k€697▼
Leasing and similar rights25€46k€32k▼
Current assets29/58€34k€40k▲
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€733€3k▲
Other amounts receivable41€2k€285▼
Cash at bank and in hand54/58€24k€28k▲
Deferred charges and accrued income490/1€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€92k€79k▼
Equity10/15€23k€28k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€22k€27k▲
Amounts payable17/49€69k€51k▼
Amounts payable after more than one year17€34k€20k▼
Financial debts170/4€34k€20k▼
Amounts payable within one year42/48€35k€30k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€4k€145▼
Suppliers440/4€4k€145▼
Taxes, remuneration and social security45€17k€14k▼
Taxes450/3€4k€14k▲
Remuneration and social security454/9€13k-
Other amounts payable47/48€255€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€77k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼
Other operating charges640/8€419€983▲
Gross operating margin9900€86k€92k▲
Operating profit (loss)9901€-10k€7k▲
Financial income75/76B€0€86▲
Recurring financial income75€0€86▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-11k€6k▲
Income taxes67/77€372€343▼
Profit (loss) for the period9904€-12k€5k▲
Profit (loss) for the period to be appropriated9905€-12k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€27k▲
Profit (loss) brought forward from the previous period14P€34k€22k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €58k | €64k | €75k | €77k | €66k | ▼ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €7k | €15k | €19k | €18k | ▼ 0.8% |
| Other operating charges640/8 | €386 | €164 | €109 | €419 | €983 | ▲ 134% |
| Gross operating margin9900 | €131k | €87k | €70k | €86k | €92k | ▲ 6.9% |
| Operating profit (loss)9901 | €64k | €16k | €-20k | €-10k | €7k | ▲ 169% |
| Financial income75/76B | €5 | €36 | €23 | €0 | €86 | ▲ 29,638% |
| Recurring financial income75 | €5 | €36 | €23 | €0 | €86 | ▲ 29,638% |
| Financial charges65/66B | €204 | €282 | €2k | €2k | €1k | ▼ 26.1% |
| Recurring financial charges65 | €204 | €282 | €2k | €2k | €1k | ▼ 26.1% |
| Profit (loss) for the period before taxes9903 | €64k | €15k | €-22k | €-11k | €6k | ▲ 149% |
| Income taxes67/77 | €14k | €4k | €292 | €372 | €343 | ▼ 8.0% |
| Profit (loss) for the period9904 | €50k | €11k | €-22k | €-12k | €5k | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | €50k | €11k | €-22k | €-12k | €5k | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139k | €148k | €120k | €92k | €79k | ▼ 14.2% |
| Fixed assets21/28 | €14k | €15k | €73k | €58k | €39k | ▼ 32.0% |
| Tangible fixed assets22/27 | €14k | €15k | €73k | €58k | €39k | ▼ 32.0% |
| Plant, machinery and equipment23 | €5k | €10k | €13k | €10k | €7k | ▼ 35.7% |
| Furniture and vehicles24 | €2k | €665 | €33 | €1k | €697 | ▼ 42.9% |
| Leasing and similar rights25 | €7k | €4k | €61k | €46k | €32k | ▼ 30.8% |
| Current assets29/58 | €124k | €133k | €46k | €34k | €40k | ▲ 15.5% |
| Amounts receivable within one year40/41 | €17k | €7k | €3k | €3k | €4k | ▲ 46.0% |
| Trade receivables40 | €17k | €6k | €191 | €733 | €3k | ▲ 373% |
| Other amounts receivable41 | - | €919 | €2k | €2k | €285 | ▼ 84.5% |
| Cash at bank and in hand54/58 | €104k | €115k | €35k | €24k | €28k | ▲ 19.4% |
| Deferred charges and accrued income490/1 | €3k | €11k | €9k | €8k | €8k | ▼ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139k | €148k | €120k | €92k | €79k | ▼ 14.2% |
| Equity10/15 | €116k | €127k | €35k | €23k | €28k | ▲ 23.0% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €115k | €126k | €34k | €22k | €27k | ▲ 24.1% |
| Amounts payable17/49 | €22k | €21k | €85k | €69k | €51k | ▼ 26.6% |
| Amounts payable after more than one year17 | €2k | - | €48k | €34k | €20k | ▼ 40.3% |
| Financial debts170/4 | €2k | - | €48k | €34k | €20k | ▼ 40.3% |
| Amounts payable within one year42/48 | €20k | €21k | €37k | €35k | €30k | ▼ 13.1% |
| Current portion of amounts payable after more than one year42 | €4k | €2k | €14k | €14k | €14k | ▲ 4.6% |
| Trade debts44 | €1k | €2k | €5k | €4k | €145 | ▼ 96.1% |
| Suppliers440/4 | €1k | €2k | €5k | €4k | €145 | ▼ 96.1% |
| Taxes, remuneration and social security45 | €15k | €17k | €18k | €17k | €14k | ▼ 16.0% |
| Taxes450/3 | €6k | €8k | €6k | €4k | €14k | ▲ 255% |
| Remuneration and social security454/9 | €9k | €9k | €13k | €13k | - | - |
| Other amounts payable47/48 | €47 | €159 | - | €255 | €1k | ▲ 462% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €11k | €-22k | €-12k | €5k | ▲ 145% |
| + Depreciation and write-downs630 | €9k | €7k | €15k | €19k | €18k | ▼ 0.8% |
| Operating cash flow (approximation) | €59k | €18k | €-7k | €7k | €24k | ▲ 252% |
| Investment in fixed assets (approximation) | - | €-7k | €-73k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €11k | €-80k | €-12k | €5k | ▲ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €50k ▲60.4%
Operating result €64k, net result €50k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.08
Current ratio from 2.24 to 6.08; short-term debt falls from €40k to €20k.
31-12
Financial
Equity above €100kEq €116k ▲75.5%
3 profitable years in a row build equity to €116k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Malle · 1 establishment unit since 2019
Ground area
879 m²
Building footprint
157 m²
Volume, LiDAR
787 m³
Parcel 11049A0396/00F002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FVB
since 20192.288.831.004
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049A0396/00F002 | Flanders | 879 m² | 1 · 157 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Contact
Phone
000000000Malle
Scores and ratios are computed by Checked and are not a credit decision.