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 8592 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
15
/ 100
Critical▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33▲+33
Growth50=
Stability100
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), 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
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
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 close15-09-2026 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
ROE
124.7%▲
2024 · -644.1%
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)
Similar companies · same sector, comparable size
ANIMANDO
BE 0866.693.713
Vilvoorde · Eq €69k
MGK CONSULTANCY
BE 0769.977.783
Dilbeek · Eq €69k
A.M.T.
BE 0432.168.355
Gent · Eq €69k
IMMO MATHAY
BE 0428.470.180
Sint-Jans-Molenbeek · Eq €69k
ND OFFICE
BE 1011.290.821
Harelbeke · Eq €69k
Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 39,464 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 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.