FAS DEVELOPMENT
ActiveSummary
FAS DEVELOPMENT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,862 and a net result of €6,587. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 1660 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+2
Solvency45▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.15 in 2024; short-term debt: 79.5% and cash: 0.1% of total assets), and 79.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.5%
Return on assets
1.7%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
24 d early
2023
54 d late
2022
31 d late
2021
30 d late
2020
30 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,587▲ 162%
2024 · €2,514
Working capital
-€301,165▲ 2.3%
2024 · -€308,152
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20212022202320242025
Operating result€5,178€30,439▲ 488%€6,629▼ 78.2%€3,544▼ 46.5%€409▼ 88.4%
Net result€2,521within the sector's middle half€23,876within the sector's middle half▲ 847%€119,193above the sector's middle half▲ 399%€2,514within the sector's middle half▼ 97.9%€6,587within the sector's middle half▲ 162%
Equity-€74,308below the sector's middle half▲ 3.3%-€50,432below the sector's middle half▲ 32.1%€68,761within the sector's middle half€71,275within the sector's middle half▲ 3.7%€77,862within the sector's middle half▲ 9.2%
Total assets€525,031above the sector's middle half▼ 4.9%€535,626above the sector's middle half▲ 2.0%€478,006within the sector's middle half▼ 10.8%€435,256within the sector's middle half▼ 8.9%€380,576within the sector's middle half▼ 12.6%
Debt€599,339▼ 4.7%€586,058▼ 2.2%€409,245▼ 30.2%€363,981▼ 11.1%€302,714▼ 16.8%
Working capital-€595,993▲ 0.2%-€562,356▲ 5.6%-€309,249▲ 45.0%-€308,152▲ 0.4%-€301,165▲ 2.3%
Solvency-14.2%below the sector's middle half▼ 0.2pp-9.4%below the sector's middle half▲ 4.7pp14.4%below the sector's middle half▲ 23.8pp16.4%below the sector's middle half▲ 2.0pp20.5%within the sector's middle half▲ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €380,576
Fixed assets
€379,026 ▼ 0.1%
Current assets
€1,550 ▼ 97.2%
Equity and liabilities €380,576
Equity
€77,862 ▲ 9.2%
Debt
€302,714 ▼ 16.8%
Debt's share of the balance-sheet total falls from 83.6% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€810▼
2024 · €3,731
Cash flow
€6,987▲
2024 · €2,700
Current ratio
0.01▼
2024 · 0.15
Debt to equity
3.89▼
2024 · 5.11
ROE
8.5%▲
2024 · 3.5%
ROA
1.7%▲
2024 · 0.6%
Interest coverage
10.51▼
2024 · 50.45
Debt ≤ 1 year
€302,714▼
2024 · €363,981
Income taxes
€217▼
2024 · €957
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,238 | €1,414 | €1,414 | €186 | €401 | ▲ 115% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €28,640 | - | - | €900 | €2,200 | ▲ 144% |
| Other operating charges640/8 | €2,500 | €318 | €187 | - | - | - |
| Gross operating margin9900 | €37,556 | €32,170 | €8,230 | €4,631 | €3,010 | ▼ 35.0% |
| Operating profit (loss)9901 | €5,178 | €30,439 | €6,629 | €3,544 | €409 | ▼ 88.4% |
| Financial income75/76B | - | €6 | €114,527 | - | €6,471 | - |
| Recurring financial income75 | - | €6 | €114,527 | - | €6,471 | - |
| Non-recurring financial income76B | - | - | €114,527 | - | - | - |
| Financial charges65/66B | €1,583 | €6,263 | €73 | €74 | €77 | ▲ 4.2% |
| Recurring financial charges65 | €1,583 | €6,263 | €73 | €74 | €77 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €3,595 | €24,182 | €121,084 | €3,471 | €6,804 | ▲ 96.0% |
| Income taxes67/77 | €1,074 | €306 | €1,891 | €957 | €217 | ▼ 77.3% |
| Profit (loss) for the period9904 | €2,521 | €23,876 | €119,193 | €2,514 | €6,587 | ▲ 162% |
| Profit (loss) for the period to be appropriated9905 | €2,521 | €23,876 | €119,193 | €2,514 | €6,587 | ▲ 162% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525,031 | €535,626 | €478,006 | €435,256 | €380,576 | ▼ 12.6% |
| Fixed assets21/28 | €521,685 | €511,924 | €378,010 | €379,427 | €379,026 | ▼ 0.1% |
| Intangible fixed assets21 | €1,162 | €581 | - | - | - | - |
| Tangible fixed assets22/27 | €1,841 | €1,008 | €175 | €1,592 | €1,191 | ▼ 25.2% |
| Furniture and vehicles24 | €1,841 | €1,008 | €175 | €1,592 | €1,191 | ▼ 25.2% |
| Financial fixed assets28 | €518,682 | €510,335 | €377,835 | €377,835 | €377,835 | = |
| Current assets29/58 | €3,345 | €23,702 | €99,995 | €55,829 | €1,550 | ▼ 97.2% |
| Amounts receivable within one year40/41 | - | €21,917 | €4,200 | €3,843 | €1,100 | ▼ 71.4% |
| Trade receivables40 | - | €1,800 | €4,200 | €3,300 | €1,100 | ▼ 66.7% |
| Other amounts receivable41 | - | €20,117 | - | €543 | - | - |
| Cash at bank and in hand54/58 | €3,345 | €1,785 | €95,795 | €51,985 | €450 | ▼ 99.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525,031 | €535,626 | €478,006 | €435,256 | €380,576 | ▼ 12.6% |
| Equity10/15 | -€74,308 | -€50,432 | €68,761 | €71,275 | €77,862 | ▲ 9.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | - | - | - | - | - |
| Issued capital100 | €18,592 | - | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Legal reserve130 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€94,759 | -€70,883 | €48,310 | €50,824 | €57,410 | ▲ 13.0% |
| Amounts payable17/49 | €599,339 | €586,058 | €409,245 | €363,981 | €302,714 | ▼ 16.8% |
| Amounts payable within one year42/48 | €599,339 | €586,058 | €409,245 | €363,981 | €302,714 | ▼ 16.8% |
| Trade debts44 | - | - | €384 | €2,395 | - | - |
| Suppliers440/4 | - | - | €384 | €2,395 | - | - |
| Taxes, remuneration and social security45 | €1,074 | €1,380 | €1,891 | - | €217 | - |
| Taxes450/3 | €1,074 | €1,380 | €1,891 | - | €217 | - |
| Other amounts payable47/48 | €598,265 | €584,678 | €406,969 | €361,586 | €302,497 | ▼ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,521 | €23,876 | €119,193 | €2,514 | €6,587 | ▲ 162% |
| + Depreciation and write-downs630 | €1,238 | €1,414 | €1,414 | €186 | €401 | ▲ 115% |
| Operating cash flow (approximation) | €3,760 | €25,290 | €120,607 | €2,700 | €6,987 | ▲ 159% |
| Investment in fixed assets (approximation) | - | €8,348 | €132,500 | -€1,603 | €0 | ▲ 100% |
| Change in cash | - | -€1,561 | €94,011 | -€43,810 | -€51,536 | ▼ 17.6% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
31-12
Financial
Highest result since 2018net €119,193 ▲399%
Net result €119,193, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €2,521
Net result €2,521 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€4,669
Net result drops to -€4,669, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ukkel · 1 establishment unit since 1997
Ground area
263 m²
Building footprint
72 m²
Volume, LiDAR
702 m³
Parcel 21612D0081/00W000, Brussels · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FAS DEVELOPMENT
since 19972.081.299.603
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0081/00W000 | Brussels | 263 m² | 1 · 72 m² | 12.2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of FAS DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
P. and V. Consultants
BE 0411.631.772
Sint-Lambrechts-Woluwe · Eq €77,862
BUREAU D'ETUDES Z. RECHTER
BE 0417.693.579
Ottignies-Louvain-la-Neuve · Eq €77,997
CONSULTING AND TECHNICAL ASSISTANCE
BE 0415.514.940
Ukkel · Eq €78,035
Plan B
BE 0886.144.587
Essen · Eq €78,416
INSURANCE - CONSULTING - RECYCLING
BE 0437.015.583
Jodoigne · Eq €78,446
Of 2,711 companies in sector 73200 we hold annual accounts for 1,781. 1,270 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
Founded25-03-1997
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
46900Non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460281034
Also
9925:BE0460281034
Registered
22-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.