F.C.B.
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-05-2026 PDF all 25 filings
Equity
-€8,661▼ 52.4%
2024 · -€5,685
Total assets
€15,005▼ 0.1%
2024 · €15,027
Net result
-€2,976▼ 2.8%
2024 · -€2,896
Working capital
-€8,661▼ 52.4%
2024 · -€5,685
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,939
▼ 2.7%
2025
20182025
Net result
-€2,976
▼ 2.8%
2025
lowest quarter of the sector
20182025
Equity
-€8,661
▼ 52.4%
2025
lowest quarter of the sector
20182025
Total assets
€15,005
▼ 0.1%
2025
lowest quarter of the sector
20182025
Debt
€23,666
▲ 14.3%
2025
20182025
Working capital
-€8,661
▼ 52.4%
2025
lowest quarter of the sector
20182025
Solvency
-57.7%
▼ 19.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.63
▼ 0.09
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-19.8%
▼ 0.6pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€4,199--€3,434▲ 18.2%-€3,098▲ 9.8%-€2,466▲ 20.4%-€2,962▼ 20.1%-€2,690▲ 9.2%-€2,863▼ 6.4%-€2,939▼ 2.7%
Net result-€4,199--€3,456▲ 17.7%-€3,121below the sector's middle half▲ 9.7%-€2,524below the sector's middle half▲ 19.1%-€2,995below the sector's middle half▼ 18.7%-€2,690below the sector's middle half▲ 10.2%-€2,896below the sector's middle half▼ 7.6%-€2,976below the sector's middle half▼ 2.8%
Equity€11,997-€8,540▼ 28.8%€5,420below the sector's middle half▼ 36.5%€2,896below the sector's middle half▼ 46.6%-€99below the sector's middle half-€2,789below the sector's middle half▼ 2,704%-€5,685below the sector's middle half▼ 104%-€8,661below the sector's middle half▼ 52.4%
Total assets€15,375-€15,756▲ 2.5%€15,760below the sector's middle half=€15,415below the sector's middle half▼ 2.2%€15,010below the sector's middle half▼ 2.6%€15,001below the sector's middle half▼ 0.1%€15,027below the sector's middle half▲ 0.2%€15,005below the sector's middle half▼ 0.1%
Debt€3,378-€7,216▲ 114%€10,340▲ 43.3%€12,519▲ 21.1%€15,109▲ 20.7%€17,790▲ 17.7%€20,712▲ 16.4%€23,666▲ 14.3%
Working capital€11,997-€8,540▼ 28.8%€5,420below the sector's middle half▼ 36.5%€2,896below the sector's middle half▼ 46.6%-€99below the sector's middle half-€2,789below the sector's middle half▼ 2,704%-€5,685below the sector's middle half▼ 104%-€8,661below the sector's middle half▼ 52.4%
Solvency78.0%-54.2%▼ 23.8pp34.4%within the sector's middle half▼ 19.8pp18.8%below the sector's middle half▼ 15.6pp-0.7%below the sector's middle half▼ 19.4pp-18.6%below the sector's middle half▼ 17.9pp-37.8%below the sector's middle half▼ 19.2pp-57.7%below the sector's middle half▼ 19.9pp
Current ratio4.55-2.18▼ 2.371.52within the sector's middle half▼ 0.661.23within the sector's middle half▼ 0.290.99below the sector's middle half▼ 0.240.84below the sector's middle half▼ 0.150.73below the sector's middle half▼ 0.120.63below the sector's middle half▼ 0.09
Return on assets (ROA)-27.3%--21.9%▲ 5.4pp-19.8%below the sector's middle half▲ 2.1pp-16.4%below the sector's middle half▲ 3.4pp-20.0%below the sector's middle half▼ 3.6pp-17.9%below the sector's middle half▲ 2.0pp-19.3%below the sector's middle half▼ 1.3pp-19.8%below the sector's middle half▼ 0.6pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €2,939, larger than the loss of €2,863 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€23,666▲
2024 · €20,712
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €456 | €503 | €539 | €556 | €543 | ▼ 2.4% |
| Gross operating margin9900 | -€3,852 | -€3,087 | -€2,750 | -€2,010 | -€2,459 | -€2,151 | -€2,306 | -€2,396 | ▼ 3.9% |
| Operating profit (loss)9901 | -€4,199 | -€3,434 | -€3,098 | -€2,466 | -€2,962 | -€2,690 | -€2,863 | -€2,939 | ▼ 2.7% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - | - |
| Recurring financial income75 | €21 | - | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €59 | €33 | €0 | €33 | €38 | ▲ 13.6% |
| Recurring financial charges65 | €21 | €22 | €23 | €59 | €33 | €0 | €33 | €38 | ▲ 13.6% |
| Profit (loss) for the period before taxes9903 | -€4,199 | -€3,456 | -€3,121 | -€2,524 | -€2,995 | -€2,690 | -€2,896 | -€2,976 | ▼ 2.8% |
| Profit (loss) for the period9904 | -€4,199 | -€3,456 | -€3,121 | -€2,524 | -€2,995 | -€2,690 | -€2,896 | -€2,976 | ▼ 2.8% |
| Profit (loss) for the period to be appropriated9905 | -€4,199 | -€3,456 | -€3,121 | -€2,524 | -€2,995 | -€2,690 | -€2,896 | -€2,976 | ▼ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15,375 | €15,756 | €15,760 | €15,415 | €15,010 | €15,001 | €15,027 | €15,005 | ▼ 0.1% |
| Current assets29/58 | €15,375 | €15,756 | €15,760 | €15,415 | €15,010 | €15,001 | €15,027 | €15,005 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €15,371 | €15,755 | €15,755 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Trade receivables40 | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Cash at bank and in hand54/58 | €4 | €1 | €5 | €415 | €10 | €1 | €27 | €5 | ▼ 83.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15,375 | €15,756 | €15,760 | €15,415 | €15,010 | €15,001 | €15,027 | €15,005 | ▼ 0.1% |
| Equity10/15 | €11,997 | €8,540 | €5,420 | €2,896 | -€99 | -€2,789 | -€5,685 | -€8,661 | ▼ 52.4% |
| Contributions10/11 | €24,789 | €24,789 | - | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Non-distributable reserves130/1 | - | - | - | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Reserves not available under the articles1311 | - | - | - | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Profit (loss) carried forward14 | -€14,493 | -€17,949 | -€21,069 | -€23,594 | -€26,589 | -€29,279 | -€32,174 | -€35,151 | ▼ 9.3% |
| Amounts payable17/49 | €3,378 | €7,216 | €10,340 | €12,519 | €15,109 | €17,790 | €20,712 | €23,666 | ▲ 14.3% |
| Amounts payable within one year42/48 | €3,378 | €7,216 | €10,340 | €12,519 | €15,109 | €17,790 | €20,712 | €23,666 | ▲ 14.3% |
| Trade debts44 | - | €47 | - | - | - | €352 | €260 | €260 | = |
| Suppliers440/4 | - | - | - | - | - | €352 | €260 | €260 | = |
| Other amounts payable47/48 | - | - | - | €12,519 | €15,109 | €17,438 | €20,452 | €23,406 | ▲ 14.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,199 | -€3,456 | -€3,121 | -€2,524 | -€2,995 | -€2,690 | -€2,896 | -€2,976 | ▼ 2.8% |
| Operating cash flow (approximation) | -€4,199 | -€3,456 | -€3,121 | -€2,524 | -€2,995 | -€2,690 | -€2,896 | -€2,976 | ▼ 2.8% |
| Change in cash | - | -€3 | €4 | €410 | -€405 | -€9 | €26 | -€22 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as F.C.B. has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of F.C.B. itself is lower: 0.6% within 12 months. It rests on far more data about F.C.B. than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for F.C.B.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-05-2026 | 2026-00116087 | |
| 31-12-2024 | micro format | 11-06-2025 | 2025-00131306 | |
| 31-12-2023 | micro format | 18-05-2024 | 2024-00090466 | |
| 31-12-2022 | micro format | 23-05-2023 | 2023-00092611 | |
| 31-12-2021 | micro format | 24-05-2022 | 2022-20032684 | |
| 31-12-2020 | micro format | 21-05-2021 | 2021-14800308 | |
| 31-12-2019 | micro format | 02-06-2020 | 2020-14200512 | |
| 31-12-2018 | micro format | 17-06-2019 | 2019-20500298 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17800183 | |
| 31-12-2016 | micro format | 07-08-2017 | 2017-41800594 |