F.S.T.
ActiveF.S.T. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-281k) and a net result of €-350k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▲+2
Solvency22▼-4
Growth50=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.17 in 2024; short-term debt: 102.2% and cash: 0.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.5%
Return on assets
-3.2%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-281k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
4 d early
2023
1 d early
2022
1 d early
2021
5 d early
2020
3 d early
2019
11 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€529k▲ 20.2%
2021 · €440k
2019: €340k
2020: €454k
2021: €440k
2019 → 2022
EBIT margin
31.5%▼ 4.7pp
2021 · 36.2%
2019: 19.7%
2020: 33.9%
2021: 36.2%
2019 → 2022
Net result
€-350k▲ 21.5%
2024 · €-446k
2019: €12k
2020: €103k
2021: €124k
2022: €140k
2023: €-334k
2024: €-446k
2019 → 2025
Working capital
€-8.85M▼ 4.0%
2024 · €-8.51M
2019: €-1.26M
2020: €-1.14M
2021: €-1.05M
2022: €-902k
2023: €-1.42M
2024: €-8.51M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€440k-€529k▲ 20.2%
Equity€708k-€848k▲ 19.8%€515k▼ 39.3%€69k▼ 86.6%€-281k
Operating result€159k-€166k▲ 4.4%€-312k€-471k▼ 51.2%€-360k▲ 23.6%
Net result€124k-€140k▲ 13.6%€-334k€-446k▼ 33.6%€-350k▲ 21.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €360k in 2025 against €471k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.05M
Fixed assets
€8.60M▼ 0.3%
Current assets
€2.45M▲ 40.9%
Key figures and ratios
EBITDA
€-135k▲
2024 · €-294k
Cash flow
€-125k▲
2024 · €-269k
Solvency
-2.5%▼
2024 · 0.7%
Current ratio
0.22▲
2024 · 0.17
Quick ratio
0.22▲
2024 · 0.17
Debt / equity
-40.39
ROA
-3.2%▲
2024 · -4.3%
Interest coverage
-6.57▲
2024 · -55.51
Debt
€11.33M▲
2024 · €10.30M
Debt ≤ 1 year
€11.30M▲
2024 · €10.25M
Debt > 1 year
€37k▼
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.37M€11.05M▲
Fixed assets21/28€8.63M€8.60M▼
Intangible fixed assets21€32k€49k▲
Tangible fixed assets22/27€2.50M€2.45M▼
Land and buildings22€2.24M€2.22M▼
Plant, machinery and equipment23€179k€160k▼
Furniture and vehicles24€84k€66k▼
Financial fixed assets28€6.10M€6.10M▲
Current assets29/58€1.74M€2.45M▲
Amounts receivable within one year40/41€1.65M€2.35M▲
Trade receivables40€228k€187k▼
Other amounts receivable41€1.43M€2.17M▲
Cash at bank and in hand54/58€37k€72k▲
Deferred charges and accrued income490/1€46k€26k▼
Equity and liabilities
Total equity and liabilities10/49€10.37M€11.05M▲
Equity10/15€69k€-281k▼
Contributions10/11€1.14M€1.14M=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€-1.09M€-1.44M▼
Amounts payable17/49€10.30M€11.33M▲
Amounts payable after more than one year17€51k€37k▼
Financial debts170/4€51k€25k▼
Other amounts payable178/9-€12k
Amounts payable within one year42/48€10.25M€11.30M▲
Current portion of amounts payable after more than one year42€47k€27k▼
Trade debts44€85k€29k▼
Suppliers440/4€85k€29k▼
Taxes, remuneration and social security45€2k€12k▲
Taxes450/3€2k€12k▲
Other amounts payable47/48€10.11M€11.23M▲
Income statement
Code20242025
Remuneration, social security and pensions62€338-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€177k€225k▲
Other operating charges640/8€13k€16k▲
Gross operating margin9900€-280k€-119k▲
Operating profit (loss)9901€-471k€-360k▲
Financial income75/76B€31k€31k=
Recurring financial income75€31k€31k=
Financial charges65/66B€5k€21k▲
Recurring financial charges65€5k€21k▲
Profit (loss) for the period before taxes9903€-445k€-350k▲
Income taxes67/77€325-
Profit (loss) for the period9904€-446k€-350k▲
Profit (loss) for the period to be appropriated9905€-446k€-350k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.09M€-1.44M▼
Profit (loss) brought forward from the previous period14P€-643k€-1.09M▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-446k
Net result drops to €-446k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €140k ▲13.6%
Operating result €166k, net result €140k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €500kEq €585k ▲21.3%
2 profitable years in a row build equity to €585k.
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Martens-Latem · 1 establishment unit since 2004
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.
Pontstraat 849831 Sint-Martens-LatemGround area
2,705 m²
Building footprint
270 m²
Volume, LiDAR
2,789 m³
Parcel 44015A0180/00L002, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
F.S.T.
since 20042.136.111.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0180/00L002 | Flanders | 2,705 m² | 1 · 270 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 498 EUR awarded · 498 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 498 EUR |
| 2023 | 1 | 498 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,570. 39,596 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2004
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.