FAGE MANAGEMENT
ActiveFAGE MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €57k and a net result of €15k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 5495 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 7 filingsDeviation from the deadline
2025
26 d late
2024
25 d late
2023
31 d late
2022
32 d late
2021
31 d late
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€57k▲ 34.6%
2024 · €42k
2019: €11k
2020: €22k
2021: €24k
2022: €33k
2023: €36k
2024: €42k
2019 → 2025
Net result
€15k▲ 143%
2024 · €6k
2019: €-9k
2020: €11k
2021: €2k
2022: €9k
2023: €4k
2024: €6k
2019 → 2025
Total assets
€107k▲ 0.2%
2024 · €106k
2019: €17k
2020: €126k
2021: €117k
2022: €110k
2023: €107k
2024: €106k
2019 → 2025
Solvency
53.2%▲ 13.6pp
2024 · 39.6%
2019: 64.1%
2020: 17.7%
2021: 20.3%
2022: 29.6%
2023: 34.0%
2024: 39.6%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€33k▲ 36.5%€36k▲ 11.2%€42k▲ 16.5%€57k▲ 34.6%
Operating result€7k-€16k▲ 126%€8k▼ 52.0%€12k▲ 61.3%€21k▲ 70.1%
Net result€2k-€9k▲ 436%€4k▼ 58.1%€6k▲ 64.1%€15k▲ 143%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 70% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€100k=
Current assets
€7k▲ 4.4%
Equity and liabilities €107k
Equity
€57k▲ 34.6%
Debt
€50k▼ 22.3%
The debt ratio falls from 60.4% to 46.8%: equity grows while debt is paid down.
Key figures and ratios
Solvency
53.2%▲
2024 · 39.6%
ROE
25.7%▲
2024 · 14.2%
ROA
13.7%▲
2024 · 5.6%
Debt
€50k▼
2024 · €64k
Debt ≤ 1 year
€40k▼
2024 · €42k
Debt > 1 year
€9k▼
2024 · €21k
Income taxes
€3k▼
2024 · €3k
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€106k€107k▲
Formation expenses20€54€0▼
Fixed assets21/28€100k€100k=
Financial fixed assets28€100k€100k=
Current assets29/58€6k€7k▲
Amounts receivable within one year40/41€3k€3k▲
Trade receivables40€3k€3k▲
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€106k€107k▲
Equity10/15€42k€57k▲
Contributions10/11€20k€20k=
Reserves13€22k€37k▲
Distributable reserves133€22k€37k▲
Profit (loss) carried forward14€190€269▲
Amounts payable17/49€64k€50k▼
Amounts payable after more than one year17€21k€9k▼
Financial debts170/4€21k€9k▼
Amounts payable within one year42/48€42k€40k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€399€1k▲
Suppliers440/4€399€1k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€24k€22k▼
Accrued charges and deferred income492/3€924€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54€54=
Other operating charges640/8€280€521▲
Gross operating margin9900€13k€21k▲
Operating profit (loss)9901€12k€21k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€9k€17k▲
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€6k€15k▲
Profit (loss) for the period to be appropriated9905€6k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€15k▼
Profit (loss) brought forward from the previous period14P€16k€190▼
Transfer to equity691/2€22k€15k▼
To other reserves6921€22k€15k▼
The notes to these accounts (7 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Highest result since 2019net €15k ▲143%
Operating result €21k, net result €15k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Etalle · 1 establishment unit since 2019
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.
Voie du Banel,Ste-Marie 336740 EtalleGround area
1,322 m²
Building footprint
460 m²
Volume, LiDAR
3,321 m³
2 parcels, Wallonia · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FAGE MANAGEMENT
since 20192.285.049.388
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85033A1519/00G000 | Wallonia | 1,036 m² | 1 · 204 m² | 6.1 m · 2 fl. |
| 85009C1312/00D000 | Wallonia | 286 m² | 1 · 255 m² | 13.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 10,761 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:fabienne.genatzy@gmail.com
Phone:0472987801