Summary
F-COMMS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €4,633 and a net result of €7,904. Equity is shrinking by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 9866 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9866 sector peers (2024).
NBB · sector comparisonPosition among 9866 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
32 d late
2021
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
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Financials · fiscal year 2024, micro schema
Equity
€4,633
2023 · -€3,271
Net result
€7,904
2023 · -€11,240
Total assets
€201,773▲ 28.7%
2023 · €156,831
Solvency
2.3%▲ 4.4pp
2023 · -2.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€41,332
Operating result-€1,214-€4,411-€5,472€13,335
Net result-€1,355below the sector's middle half-€524below the sector's middle half-€11,240below the sector's middle half€7,904within the sector's middle half
Equity€7,445below the sector's middle half-€7,969below the sector's middle half▲ 7.0%-€3,271below the sector's middle half€4,633below the sector's middle half
Total assets€9,845below the sector's middle half-€184,352within the sector's middle half▲ 1,773%€156,831within the sector's middle half▼ 14.9%€201,773within the sector's middle half▲ 28.7%
Debt€2,400-€176,383▲ 7,249%€160,102▼ 9.2%€197,140▲ 23.1%
Working capital€8,645-€2,053▼ 76.3%-€12,911-€46,152▼ 257%
Solvency75.6%within the sector's middle half-4.3%below the sector's middle half▼ 71.3pp-2.1%below the sector's middle half▼ 6.4pp2.3%below the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 2024: €13,335 after a loss of €5,472 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201,773
Fixed assets
€51,385 ▼ 45.5%
Current assets
€150,388 ▲ 140%
Equity and liabilities €201,773
Equity
€4,633
Debt
€197,140
Debt finances 97.7% of the balance-sheet total.
Key figures and ratios
ROE
170.6%
ROA
3.9%▲
2023 · -7.2%
Debt ≤ 1 year
€196,540▲
2023 · €75,447
Income taxes
€461▼
2023 · €466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €41,332 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €20,914 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €15,219 | €29,520 | €1,962 | ▼ 93.4% |
| Other operating charges640/8 | - | €1,373 | €1,827 | €36,362 | ▲ 1,890% |
| Gross operating margin9900 | -€1,214 | €21,002 | €25,875 | €51,659 | ▲ 99.6% |
| Operating profit (loss)9901 | -€1,214 | €4,411 | -€5,472 | €13,335 | ▲ 344% |
| Financial income75/76B | - | €1 | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - |
| Financial charges65/66B | €140 | €3,617 | €5,302 | €4,970 | ▼ 6.3% |
| Recurring financial charges65 | €140 | €3,617 | €5,302 | €4,970 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | -€1,355 | €795 | -€10,774 | €8,365 | ▲ 178% |
| Income taxes67/77 | - | €271 | €466 | €461 | ▼ 1.0% |
| Profit (loss) for the period9904 | -€1,355 | €524 | -€11,240 | €7,904 | ▲ 170% |
| Profit (loss) for the period to be appropriated9905 | -€1,355 | €524 | -€11,240 | €7,904 | ▲ 170% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,845 | €184,352 | €156,831 | €201,773 | ▲ 28.7% |
| Fixed assets21/28 | - | €110,893 | €94,294 | €51,385 | ▼ 45.5% |
| Tangible fixed assets22/27 | - | €110,893 | €94,294 | €51,385 | ▼ 45.5% |
| Furniture and vehicles24 | - | €110,893 | €2,194 | €51,385 | ▲ 2,242% |
| Leasing and similar rights25 | - | - | €92,101 | - | - |
| Current assets29/58 | €9,845 | €73,459 | €62,536 | €150,388 | ▲ 140% |
| Amounts receivable within one year40/41 | - | €61,646 | €57,011 | €133,424 | ▲ 134% |
| Trade receivables40 | - | €32,836 | €41,428 | €120,059 | ▲ 190% |
| Other amounts receivable41 | - | €28,810 | €15,583 | €13,365 | ▼ 14.2% |
| Cash at bank and in hand54/58 | €9,845 | €10,721 | €2,694 | €15,001 | ▲ 457% |
| Deferred charges and accrued income490/1 | - | €1,092 | €2,831 | €1,963 | ▼ 30.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,845 | €184,352 | €156,831 | €201,773 | ▲ 28.7% |
| Equity10/15 | €7,445 | €7,969 | -€3,271 | €4,633 | ▲ 242% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€2,555 | -€2,031 | -€13,271 | -€5,367 | ▲ 59.6% |
| Amounts payable17/49 | €2,400 | €176,383 | €160,102 | €197,140 | ▲ 23.1% |
| Amounts payable after more than one year17 | - | €99,945 | €84,655 | - | - |
| Financial debts170/4 | - | €99,945 | €84,655 | - | - |
| Amounts payable within one year42/48 | €1,200 | €71,406 | €75,447 | €196,540 | ▲ 161% |
| Current portion of amounts payable after more than one year42 | - | €14,584 | €15,290 | - | - |
| Trade debts44 | - | €16,835 | €17,764 | €154,938 | ▲ 772% |
| Suppliers440/4 | - | €16,835 | €17,764 | €154,938 | ▲ 772% |
| Taxes, remuneration and social security45 | - | €354 | €863 | €461 | ▼ 46.6% |
| Taxes450/3 | - | €354 | €863 | €461 | ▼ 46.6% |
| Other amounts payable47/48 | €1,200 | €39,633 | €41,529 | €41,141 | ▼ 0.9% |
| Accrued charges and deferred income492/3 | €1,200 | €5,033 | - | €600 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,355 | €524 | -€11,240 | €7,904 | ▲ 170% |
| + Depreciation and write-downs630 | - | €15,219 | €29,520 | €1,962 | ▼ 93.4% |
| Operating cash flow (approximation) | -€1,355 | €15,742 | €18,280 | €9,866 | ▼ 46.0% |
| Investment in fixed assets (approximation) | - | - | -€12,921 | €40,947 | ▲ 417% |
| Change in cash | - | €876 | -€8,027 | €12,307 | ▲ 253% |
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
2026
04-08
State Gazette act
Permanent representative: Nick MagermanRegistered-office move · Power of attorney5 facts ▸
State Gazette act
Permanent representative: Nick Magerman
Registered-office move · Power of attorney5 facts ▸
- Board meeting, 22-12-2025
- Registered-office move, Waagstraat 1, 3680 Maaseik
- Power of attorney, BV Financial Link
- Power of attorney
- Permanent representative, Nick Magerman (bestuurder vaste vertegenwoordiger)
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €7,904
Net result €7,904 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
08-04
KBO administration
UBO non-compliance
event 25-03-2024
2023
31-12
Financial
Weakest financial yearnet -€11,240
Net result drops to -€11,240, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €524
Net result €524 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maaseik · 1 establishment unit since 2022
Ground area
124 m²
Building footprint
69 m²
Volume, LiDAR
640 m³
Parcel 72021E0414/00E000, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
F-COMMS
since 20222.331.239.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021E0414/00E000 | Flanders | 124 m² | 1 · 69 m² | 13.2 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 3,119 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 (pre-2019)
Founded16-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0725422022
Also
9925:BE0725422022
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.