FZ SERVICES
ActiveSummary
FZ SERVICES has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €159k and a net result of €68k. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+11
Solvency93▲+3
Growth85=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 2.67 in 2023; short-term debt: 32.3% and cash: 2.2% of total assets), and 32.3% 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 · 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
125 d late
2022
284 d late
2021
92 d late
2020
217 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€622k▲ 52.2%
2021 · €408k
2020: €231klowest in 3 years
2021: €408k▲ +77.1% vs 2020
2022: €622k▲ +52.2% vs 2021highest in 3 years
2020 → 2022
EBIT margin
5.1%▲ 3.2pp
2021 · 1.9%
2020: -9.0%lowest in 3 years
2021: 1.9%▲ +121% vs 2020
2022: 5.1%▲ +170% vs 2021highest in 3 years
2020 → 2022
Net result
€68k▲ 203%
2023 · €23k
2019: €-2k
2020: €-17k▼ -793% vs 2019lowest in 6 years
2021: €5k▲ +126% vs 2020
2022: €24k▲ +435% vs 2021
2023: €23k▼ -7.4% vs 2022
2024: €68k▲ +203% vs 2023highest in 6 years
2019 → 2024
Working capital
€149k▲ 83.7%
2023 · €81k
2019: €54k
2020: €35k▼ -34.5% vs 2019lowest in 6 years
2021: €44k▲ +24.1% vs 2020
2022: €65k▲ +47.7% vs 2021
2023: €81k▲ +25.2% vs 2022
2024: €149k▲ +83.7% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€231k-€408k▲ 77.1%€622k▲ 52.2%
2020: €231klowest in 3 years
2021: €408k▲ +77.1% vs 2020
2022: €622k▲ +52.2% vs 2021highest in 3 years
Equity€41k-€46k▲ 11.1%€70k▲ 53.4%€92k▲ 31.1%€159k▲ 72.7%
2020: €41klowest in 5 years
2021: €46k▲ +11.1% vs 2020
2022: €70k▲ +53.4% vs 2021
2023: €92k▲ +31.1% vs 2022
2024: €159k▲ +72.7% vs 2023highest in 5 years
Operating result€-21k-€8k€32k▲ 310%€36k▲ 12.6%€101k▲ 183%
2020: €-21klowest in 5 years
2021: €8k▲ +137% vs 2020
2022: €32k▲ +310% vs 2021
2023: €36k▲ +12.6% vs 2022
2024: €101k▲ +183% vs 2023highest in 5 years
Net result€-17k-€5k€24k▲ 435%€23k▼ 7.4%€68k▲ 203%
2020: €-17klowest in 5 years
2021: €5k▲ +126% vs 2020
2022: €24k▲ +435% vs 2021
2023: €23k▼ -7.4% vs 2022
2024: €68k▲ +203% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 183% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €234k
Fixed assets
€9k ▼ 11.4%
Current assets
€225k ▲ 73.1%
Equity and liabilities €234k
Equity
€159k ▲ 72.7%
Debt
€76k ▲ 55.3%
Debt's share of the balance-sheet total falls from 34.6% to 32.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2023 · €38k
Cash flow
€73k▲
2023 · €25k
Current ratio
2.97▲
2023 · 2.67
Debt to equity
0.48▼
2023 · 0.53
ROE
43.1%▲
2023 · 24.6%
ROA
29.2%▲
2023 · 16.1%
Interest coverage
177.35▲
2023 · 50.16
Debt ≤ 1 year
€76k▲
2023 · €49k
Income taxes
€32k▲
2023 · €16k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€141k€234k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€10k€9k▼
Plant, machinery and equipment23€1k€557▼
Furniture and vehicles24€9k€8k▼
Financial fixed assets28€858€858=
Current assets29/58€130k€225k▲
Amounts receivable within one year40/41€127k€217k▲
Trade receivables40€54k€175k▲
Other amounts receivable41€74k€42k▼
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€141k€234k▲
Equity10/15€92k€159k▲
Contributions10/11€6k€6k=
Reserves13€45k€95k▲
Distributable reserves133€45k€95k▲
Profit (loss) carried forward14€41k€58k▲
Amounts payable17/49€49k€76k▲
Amounts payable within one year42/48€49k€76k▲
Trade debts44€18k€3k▼
Suppliers440/4€18k€3k▼
Taxes, remuneration and social security45€30k€71k▲
Taxes450/3€30k€66k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€560€1k▲
Income statement
Code20232024
Remuneration, social security and pensions62€111-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€1k€10k▲
Gross operating margin9900€40k€116k▲
Operating profit (loss)9901€36k€101k▲
Financial income75/76B€4k-
Recurring financial income75€4k-
Financial charges65/66B€767€597▼
Recurring financial charges65€767€597▼
Profit (loss) for the period before taxes9903€39k€100k▲
Income taxes67/77€16k€32k▲
Profit (loss) for the period9904€23k€68k▲
Profit (loss) for the period to be appropriated9905€23k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€109k▲
Profit (loss) brought forward from the previous period14P€41k€41k▼
Transfer to equity691/2€22k€50k▲
To other reserves6921€22k€50k▲
Profit to be distributed694/7€800€2k▲
Return on contributions (dividend)694€800€2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €231k | €408k | €622k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €383k | €589k | - | - | - |
| Remuneration, social security and pensions62 | - | €12k | - | €111 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €7k | €943 | €3k | €5k | ▲ 77.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2k | - | - | - | - |
| Other operating charges640/8 | - | - | €2k | €1k | €10k | ▲ 682% |
| Gross operating margin9900 | €28k | €28k | €35k | €40k | €116k | ▲ 191% |
| Operating profit (loss)9901 | €-21k | €8k | €32k | €36k | €101k | ▲ 183% |
| Financial income75/76B | - | €0 | €2k | €4k | - | - |
| Recurring financial income75 | €4k | €0 | €2k | €4k | - | - |
| Financial charges65/66B | - | €629 | €878 | €767 | €597 | ▼ 22.1% |
| Recurring financial charges65 | €166 | €629 | €878 | €767 | €597 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €-17k | €7k | €33k | €39k | €100k | ▲ 160% |
| Income taxes67/77 | - | €3k | €8k | €16k | €32k | ▲ 99.6% |
| Profit (loss) for the period9904 | €-17k | €5k | €24k | €23k | €68k | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €5k | €24k | €23k | €68k | ▲ 203% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91k | €78k | €100k | €141k | €234k | ▲ 66.7% |
| Fixed assets21/28 | €7k | €2k | €5k | €11k | €9k | ▼ 11.4% |
| Tangible fixed assets22/27 | €7k | €938 | €4k | €10k | €9k | ▼ 12.4% |
| Plant, machinery and equipment23 | - | €452 | €1k | €1k | €557 | ▼ 44.4% |
| Furniture and vehicles24 | - | €486 | €3k | €9k | €8k | ▼ 8.7% |
| Financial fixed assets28 | €811 | €811 | €752 | €858 | €858 | = |
| Current assets29/58 | €84k | €77k | €95k | €130k | €225k | ▲ 73.1% |
| Amounts receivable within one year40/41 | €68k | €71k | €85k | €127k | €217k | ▲ 70.6% |
| Trade receivables40 | - | €22k | €41k | €54k | €175k | ▲ 226% |
| Other amounts receivable41 | - | €49k | €44k | €74k | €42k | ▼ 43.2% |
| Cash at bank and in hand54/58 | €15k | €6k | €10k | €2k | €5k | ▲ 108% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91k | €78k | €100k | €141k | €234k | ▲ 66.7% |
| Equity10/15 | €41k | €46k | €70k | €92k | €159k | ▲ 72.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €23k | €23k | €23k | €45k | €95k | ▲ 112% |
| Non-distributable reserves130/1 | - | €3k | €3k | - | - | - |
| Legal reserve130 | - | €3k | €3k | - | - | - |
| Distributable reserves133 | - | €20k | €20k | €45k | €95k | ▲ 112% |
| Profit (loss) carried forward14 | €12k | €17k | €41k | €41k | €58k | ▲ 40.8% |
| Amounts payable17/49 | €50k | €33k | €30k | €49k | €76k | ▲ 55.3% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €48k | €33k | €30k | €49k | €76k | ▲ 55.3% |
| Current portion of amounts payable after more than one year42 | - | €2k | - | - | - | - |
| Trade debts44 | €33k | €28k | €17k | €18k | €3k | ▼ 82.5% |
| Suppliers440/4 | - | €28k | €17k | €18k | €3k | ▼ 82.5% |
| Taxes, remuneration and social security45 | - | €2k | €13k | €30k | €71k | ▲ 140% |
| Taxes450/3 | - | €2k | €13k | €30k | €66k | ▲ 124% |
| Remuneration and social security454/9 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | - | - | - | €560 | €1k | ▲ 108% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €5k | €24k | €23k | €68k | ▲ 203% |
| + Depreciation and write-downs630 | €9k | €7k | €943 | €3k | €5k | ▲ 77.2% |
| Operating cash flow (approximation) | €-8k | €11k | €25k | €25k | €73k | ▲ 189% |
| Investment in fixed assets (approximation) | - | €-1k | €-4k | €-8k | €-4k | ▲ 54.2% |
| Change in cash | - | €-9k | €4k | €-8k | €3k | ▲ 135% |
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
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Highest result since 2019net €68k ▲203%
Operating result €101k, net result €68k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲72.7%
4 profitable years in a row build equity to €159k.
03-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 125 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 284 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 217 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 170 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 522 days late
2016
15-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 46 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Anderlecht · 1 establishment unit since 2012
Ground area
930 m²
Building footprint
424 m²
Volume, LiDAR
16,458 m³
2 parcels, Brussels, Flanders · tallest building 52.2 m, ±16 floors. Linked by address, not a title deed.
143
companies at this address
See who is registered here
1 establishment unit
FZ Service
since 20122.206.408.124
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0298/00G000 | Brussels | 797 m² | 1 · 333 m² | 52.2 m · 16 fl. |
| 23071C0689/00M000 | Flanders | 134 m² | 1 · 91 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,027 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
Founded07-07-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.