Equity
€1.4m ▼ 14.0%
F&L paid out €513,207 in dividends. That is 181% of the 2025 profit.
F&L
Lifetime
17 annual accounts with figures on one time axispeak €499,083 (2023)
€474,209▲ 54.5%
peak €310,048 (2023)
€284,251▲ 64.3%
peak €1.6m (2024)
€1.4m▼ 14.0%
€831,943▲ 158%
Board4 names since 2008
3 directorsLubandy Franco and 2 others
Documentsfilings and deeds
01-07-202630 days before the deadline
2025micro format
Gross margin from €306,859 to €474,209Result from €172,994 to €284,251Dividend €513,207Equity from €1.6m to €1.4mDebts from €322,678 to €831,943
Key points
from the 2025 annual accountsResult
€284,251 ▲ 64.3%
The result rose in 2025: mostly from a one-off income of €213,811.
Turnover
≈ €680,000 estimated
The micro format states no turnover.
Debts
€831,943 ▲ 158%
Debts rose by €509,265 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Filings
17 annual accounts since 2009
Two of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
Position in the sector
€284,251
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,168 · 39,358 companies.
Checked score
94
Excellent
Financially stronger than 54% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,523 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €2.3m
Figures for financial year 2025 (filed on 01-07-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 58% of them on solvency, 61% on liquidity, 84% on profitability and 12% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as F&L has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.1%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of F&L itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,811 companies, not a prediction for F&L. 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.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.97 in 2024), below the usual 1.5. Short-term debt is 26.5% and cash 9.9% of total assets. 39.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
26 days late
2023
20 days early
2022
7 days early
2021
26 days early
2020
30 days late
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
LF
Lubandy Franco
Director, since 04-09-2008
MC
Migliaccio Carmelita
Director, since 04-09-2008
LG
Lubandy Gino
Director, since 03-12-2009
Recent changes
Amendment of the articles · Legal-form change · Resignations & appointments
Legal-form conversion: from private limited company (pre-2019) to private limited company · Board composition: LUBANDY Franco (director) · Board composition: MIGLIACCIO Carmelita (director) · General meeting of 14-09-2023 · Gazette deed
Resignation: Masura Fiorenzo (director)
General meeting of 17-06-2022 · Gazette deed
First establishment
F & L, Kegelstraat 20, Beringen
Incorporation
published on 16-09-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| F&L Beringen | €2.3m | €474,209 | 60.9% | - |
| APOTHEEK DAVID-COOLS Herk-de-Stad | €2.1m | €531,084 | 66.8% | 1.1 |
| R Consulting Gingelom | €2.2m | €416,055 | 80.2% | - |
| SIEN CONSULTING Hasselt | €2.7m | €495,441 | 59.7% | - |
| THE GRYPHON HOUSE Zonhoven | €2.2m | €481,725 | 87.3% | - |
| Faresa Hasselt | €2.1m | €400,941 | 21.1% | 5.7 |
| MICHEL ROBERT CONSULT Lasne | €2.2m | €450,070 | 78.0% | - |
These companies have the same main activity as F&L: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.1m and €2.7m, founded between 2005 and 2009.
Official details
Source: KBO- Status
- Active since 04-09-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.173.436.3393582 Beringen, since 08-09-2008
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €2.3m▲ 16.8%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on F&L
F&L files the micro format. That format states no turnover. The gross margin rose from €27,790 in 2009 to €474,209 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about F&L
- What is the company number of F&L?
- The company number of F&L is 0806.209.362. The VAT number is the same number with BE in front: BE 0806.209.362.
- Where is F&L based?
- The registered office is at Kegelstraat 20, 3582 Beringen.Company details
- What does F&L do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of F&L?
- F&L is a private limited company (BV).
- When was F&L founded?
- F&L was founded on 04-09-2008.
- Is F&L still active?
- Yes, F&L is an active enterprise in the KBO register.
- What is the turnover of F&L?
- The turnover in financial year 2025 is ≈ €680,000. This figure is estimated from the gross margin of €474,209 and 95 comparable companies (NACE 70200). It probably lies between €560,000 and €1.2m.Financials
- Is F&L profitable?
- In financial year 2025, F&L made a profit of €284,251.
- Where can I find the annual accounts of F&L?
- F&L filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of F&L due?
- F&L must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.