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Fyxt

Active
Public limited company·Stukadoorswerk· 15 yrs active
Caseelstraat 10 ·8790 Waregem, Belgium
KBO/BCE: BE 0838.620.131
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Age15 yrs
Staff (FTE)16.1

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Fyxt is 0.7% (low). The 2024 annual accounts show equity of €193k and a net result of €61k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 22% of 992 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 992 sector peers (2024).
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

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, 13 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 16-06-2025, 45 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 10 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 16-06-2025 45 d early 2025-00147379
31-12-2023 31-07-2024 24-06-2024 37 d early 2024-00166398
31-12-2022 31-07-2023 14-06-2023 47 d early 2023-00128896
30-09-2021 30-04-2022 02-05-2022 2 d late 2022-20022391
30-09-2020 30-04-2021 29-04-2021 1 d early 2021-11900419
30-09-2019 30-04-2020 21-04-2020 9 d early 2020-09600091
30-09-2018 30-04-2019 13-05-2019 13 d late 2019-13000154
30-09-2017 30-04-2018 20-04-2018 10 d early 2018-10300191
30-09-2016 30-04-2017 02-03-2017 59 d early 2017-05700150
30-09-2015 30-04-2016 31-03-2016 30 d early 2016-08700473

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
Established
Founded in 2011, 15 years in business.
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
0.7% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Lower-risk legal form Long track record

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€61k+17.7%
Working capital€125k-61.0%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 16-06-2025 with the NBB · fiscal year 2024 · verkort
€0€100k€200k€300kOperating result 2020: €66k€66kNet result 2020: €37k€37kOperating result 2021: €311k€311kNet result 2021: €217k€217kOperating result 2022: €75k€75kNet result 2022: €15k€15kOperating result 2023: €132k€132kNet result 2023: €52k€52kOperating result 2024: €138k€138kNet result 2024: €61k€61k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~8%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k2025: €479k (€452k - €506k)2026: €506k (€463k - €550k)2027: €534k (€475k - €594k)2018: €150k2019: €312k2020: €349k2021: €565k2022: €380k2023: €432k2024: €193k2018201920202021202220232024202520262027
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 2024 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 12.9% 35.4%
better than 22% of 992 sector peers
Net result €61k €30k
better than 65% of 991 sector peers
Equity €193k €121k
better than 59% of 992 sector peers
Gross operating margin €1.20M €172k
better than 92% of 991 sector peers
Staff costs €977k €194k
higher than 92% of 619 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P22
2020: P72 · n=4302021: P72 · n=5562022: P41 · n=7492023: P54 · n=9012024: P22 · n=9922020 2024
Weakening position over 2020-2024 · n=430-992
Net result P65
2020: P56 · n=4302021: P90 · n=5542022: P38 · n=7472023: P61 · n=9012024: P65 · n=9912020 2024
Stable position over 2020-2024 · n=430-991
Equity P59
2020: P65 · n=4302021: P80 · n=5562022: P73 · n=7492023: P77 · n=9012024: P59 · n=9922020 2024
Stable position over 2020-2024 · n=430-992
Gross operating margin P92
2020: P44 · n=4292021: P76 · n=5552022: P80 · n=7482023: P88 · n=8992024: P92 · n=9912020 2024
Improving position over 2020-2024 · n=429-991
Describes the position versus peers, not a forecast.
EBITDA
€165k
+5.9% 18-24
Net profit
€61k
+17.7% 18-24
Cash flow
€88k
+17.0% 18-24
Total assets
€1.49M
+28.3% 18-24
Equity
€193k
-55.4% 18-24
Working capital
€125k
-61.0% 18-24
Employees (FTE)
16
+20.1% 18-24
Staff costs
€977k
+32.6% 18-24
Income taxes
€31k
+13.8% 18-24
Dividends
€300k
+50.0% 18-24
Debt
€1.28M
+75.2% 18-24
Debt ≤ 1y
€1.27M
+75.2% 18-24
Current ratio
1.10
-23.8% 18-24
Quick ratio
1.03
-3.8% 18-24
Solvency
12.9%
-65.2% 18-24
Debt / equity
6.62
+292.5% 18-24
ROE
31.6%
+163.7% 18-24
ROA
4.1%
-8.3% 18-24
Interest coverage
3.57
+24.6% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€165k
Net profit€61k
Cash flow€88k
Staff costs€977k
Income taxes€31k
Dividends€300k
Total assets€1.49M
Equity€193k
Debt€1.28M
of which ≤ 1y€1.27M
of which > 1y-
Working capital€125k
Employees (FTE)16.1
Ratios (computed)
2024
Current ratio1.10
Quick ratio1.03
Working capital ratio8.4%
Solvency12.9%
Debt / equity6.62
Long-term debt ratio-
Interest coverage3.57
Gross margin-
Net margin-
ROA4.1%
ROE31.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.49M
Fixed assets 21/28€85k
Formation expenses 20€8k
Intangible fixed assets 21€0
Tangible fixed assets 22/27€76k
Financial fixed assets 28€9k
Current assets 29/58€1.40M
Stocks & contracts in progress 3€89k
Amounts receivable within one year 40/41€1.10M
Cash & bank 54/58€201k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.49M
Equity 10/15€193k
Contributions / capital 10/11€62k
Reserves 13€131k
Provisions & deferred taxes 16€20k
Amounts payable 17/49€1.28M
Amounts payable within one year 42/48€1.27M
Trade debts payable within one year 44€260k
Income statement
Gross operating margin 9900€1.20M
Operating result 9901€138k
Financial income 75€483
Financial charges 65€46k
Result before taxes 9903€92k
Income taxes 67/77€31k
Net result for the period 9904€61k
Result to be appropriated 9905€61k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
73 / 100 Healthy
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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from 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.

Caseelstraat 108790 Waregem

Establishment units

1 location
Caseelstraat 10, 8790 Waregem
Vervaardiging van ander schrijn- en timmerwerk
since 20112.201.887.132
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,495 m²
Buildings1
Building footprint1,099 m²
Volume (LiDAR)7,193 m³
Tallest building9.7 m · ±2 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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34453D0259/00Z004 Flanders 2,495 m² 1 · 1,099 m² 9.7 m · 2 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

Belgisch Staatsblad · acts

2 acts
Capital history · 1
22-07-2024
Capital change
All acts · 2 updated 1 year ago
2024
15-10-2024 Oleg Bolsjakov appointed as statutory auditor Director changes
  • Oleg Bolsjakov, Commissaris
22-07-2024 Capital increase of €55,300 to €116,800 Capital & shares·Inès Staessens
  • €61.500 → €116.800
  • 2 kapitaalbewegingen in deze akte
Notary: Inès Staessens · Evergem-SleidingeFirm: Notariaat Sleidinge geassocieerde notarissen

Analysis

Snowflake analysis

financial profile on 5 axes
Health73Profitability100Solvency22Growth78Stability100
75 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 73
Profitability 100
Solvency 22
Growth 78
Stability 100

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van isolatie43230Isolatiewerkzaamheden43291Stukadoorswerk43310Stukadoorswerk43310Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Installatie van isolatie43230Isolatiewerkzaamheden43291Schrijnwerk43320Schrijnwerk43320
Primary activity highlighted.
Names & trade names
Legal nameNL Fyxt
Registered office
Caseelstraat 10
8790 Waregem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.