FAST MG
ActiveSummary
The computed 12-month bankruptcy probability of FAST MG is 2.1% (moderate). The 2025 annual accounts show equity of €105,210 and a net result of €19,974. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 976 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-8
Solvency62▼-2
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.24 in 2024; short-term debt: 61.8% and cash: 3% of total assets), and 63% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
37%
Return on assets
7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
126 d late
2023
28 d late
2022
26 d late
2021
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 8 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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€105,210▲ 23.4%
2024 · €85,236
Total assets
€284,117▲ 29.1%
2024 · €220,010
Net result
€19,974▼ 32.4%
2024 · €29,530
Working capital
-€564
2024 · €30,226
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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€17,572-€101,884▲ 480%€39,981▼ 60.8%€38,204▼ 4.4%€44,804▲ 17.3%
Net result€16,096within the sector's middle half-€77,476above the sector's middle half▲ 381%€34,165within the sector's middle half▼ 55.9%€29,530within the sector's middle half▼ 13.6%€19,974within the sector's middle half▼ 32.4%
Equity€26,096within the sector's middle half-€91,540within the sector's middle half▲ 251%€55,706within the sector's middle half▼ 39.1%€85,236within the sector's middle half▲ 53.0%€105,210within the sector's middle half▲ 23.4%
Total assets€115,327within the sector's middle half-€198,185within the sector's middle half▲ 71.8%€232,919within the sector's middle half▲ 17.5%€220,010within the sector's middle half▼ 5.5%€284,117within the sector's middle half▲ 29.1%
Debt€89,232-€106,644▲ 19.5%€177,213▲ 66.2%€134,774▼ 23.9%€178,907▲ 32.7%
Working capital-€2,950within the sector's middle half-€54,796within the sector's middle half-€13,982below the sector's middle half€30,226within the sector's middle half-€564within the sector's middle half
Solvency22.6%within the sector's middle half-46.2%within the sector's middle half▲ 23.6pp23.9%within the sector's middle half▼ 22.3pp38.7%within the sector's middle half▲ 14.8pp37.0%within the sector's middle half▼ 1.7pp
Current ratio0.97within the sector's middle half-1.51within the sector's middle half▲ 0.550.91within the sector's middle half▼ 0.601.24within the sector's middle half▲ 0.331.00within the sector's middle half▼ 0.25
Return on assets (ROA)14.0%within the sector's middle half-39.1%above the sector's middle half▲ 25.1pp14.7%within the sector's middle half▼ 24.4pp13.4%within the sector's middle half▼ 1.2pp7.0%within the sector's middle half▼ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284,117
Fixed assets
€108,974 ▲ 67.6%
Current assets
€175,144 ▲ 13.0%
Equity and liabilities €284,117
Equity
€105,210 ▲ 23.4%
Debt
€178,907 ▲ 32.7%
Debt's share of the balance-sheet total rises from 61.3% to 63.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€74,656▲
2024 · €66,144
Cash flow
€49,827▼
2024 · €57,470
Debt to equity
1.70▲
2024 · 1.58
ROE
19.0%▼
2024 · 34.6%
Interest coverage
12.50▲
2024 · 6.23
Debt ≤ 1 year
€175,707▲
2024 · €124,751
Debt > 1 year
€3,200▼
2024 · €10,024
Income taxes
€18,856▲
2024 · -€1,927
Staff costs
€380,753▲
2024 · €247,476
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €17,709 | - | - | - | - |
| Remuneration, social security and pensions62 | €95,782 | €192,275 | €271,946 | €247,476 | €380,753 | ▲ 53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,000 | €4,593 | €15,614 | €27,940 | €29,852 | ▲ 6.8% |
| Other operating charges640/8 | €862 | €6,780 | €3,258 | €6,639 | €8,982 | ▲ 35.3% |
| Gross operating margin9900 | €117,215 | €305,533 | €330,798 | €320,259 | €464,392 | ▲ 45.0% |
| Operating profit (loss)9901 | €17,572 | €101,884 | €39,981 | €38,204 | €44,804 | ▲ 17.3% |
| Financial income75/76B | €14 | €0 | €0 | €8 | €1 | ▼ 90.3% |
| Recurring financial income75 | €14 | €0 | €0 | €8 | €1 | ▼ 90.3% |
| Financial charges65/66B | €1,489 | €3,438 | €2,816 | €10,610 | €5,974 | ▼ 43.7% |
| Recurring financial charges65 | €1,489 | €3,438 | €2,816 | €10,610 | €5,974 | ▼ 43.7% |
| Profit (loss) for the period before taxes9903 | €16,096 | €98,446 | €37,165 | €27,603 | €38,831 | ▲ 40.7% |
| Income taxes67/77 | - | €20,970 | €3,000 | -€1,927 | €18,856 | ▲ 1,078% |
| Profit (loss) for the period9904 | €16,096 | €77,476 | €34,165 | €29,530 | €19,974 | ▼ 32.4% |
| Profit (loss) for the period to be appropriated9905 | €16,096 | €77,476 | €34,165 | €29,530 | €19,974 | ▼ 32.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,327 | €198,185 | €232,919 | €220,010 | €284,117 | ▲ 29.1% |
| Fixed assets21/28 | €29,046 | €36,745 | €86,973 | €65,034 | €108,974 | ▲ 67.6% |
| Intangible fixed assets21 | €27,000 | €24,000 | €21,000 | €18,000 | €15,000 | ▼ 16.7% |
| Tangible fixed assets22/27 | - | €8,060 | €61,288 | €42,349 | €84,289 | ▲ 99.0% |
| Furniture and vehicles24 | - | €8,060 | €61,288 | €42,349 | €84,289 | ▲ 99.0% |
| Financial fixed assets28 | €2,046 | €4,685 | €4,685 | €4,685 | €9,685 | ▲ 107% |
| Current assets29/58 | €86,282 | €161,440 | €145,945 | €154,977 | €175,144 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €58,397 | €103,226 | €95,726 | €116,689 | €166,570 | ▲ 42.7% |
| Trade receivables40 | €58,397 | €103,226 | €94,135 | €116,689 | €166,570 | ▲ 42.7% |
| Other amounts receivable41 | - | - | €1,591 | - | - | - |
| Cash at bank and in hand54/58 | €24,308 | €58,028 | €49,698 | €38,288 | €8,574 | ▼ 77.6% |
| Deferred charges and accrued income490/1 | €3,577 | €186 | €521 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,327 | €198,185 | €232,919 | €220,010 | €284,117 | ▲ 29.1% |
| Equity10/15 | €26,096 | €91,540 | €55,706 | €85,236 | €105,210 | ▲ 23.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €16,096 | €81,540 | €45,706 | €75,236 | €95,210 | ▲ 26.5% |
| Amounts payable17/49 | €89,232 | €106,644 | €177,213 | €134,774 | €178,907 | ▲ 32.7% |
| Amounts payable after more than one year17 | - | - | €17,286 | €10,024 | €3,200 | ▼ 68.1% |
| Financial debts170/4 | - | - | €17,286 | €10,024 | €3,200 | ▼ 68.1% |
| Amounts payable within one year42/48 | €89,232 | €106,644 | €159,927 | €124,751 | €175,707 | ▲ 40.8% |
| Current portion of amounts payable after more than one year42 | - | - | €7,262 | €7,262 | €7,429 | ▲ 2.3% |
| Trade debts44 | €50,545 | €26,345 | - | €14,115 | €6,452 | ▼ 54.3% |
| Suppliers440/4 | €50,545 | €26,345 | - | €14,115 | €6,452 | ▼ 54.3% |
| Taxes, remuneration and social security45 | €33,637 | €75,026 | €93,165 | €103,373 | €149,947 | ▲ 45.1% |
| Taxes450/3 | €9,494 | €43,174 | €41,426 | €41,675 | €40,255 | ▼ 3.4% |
| Remuneration and social security454/9 | €24,143 | €31,852 | €51,739 | €61,698 | €109,692 | ▲ 77.8% |
| Other amounts payable47/48 | €5,049 | €5,273 | €59,500 | - | €11,879 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,096 | €77,476 | €34,165 | €29,530 | €19,974 | ▼ 32.4% |
| + Depreciation and write-downs630 | €3,000 | €4,593 | €15,614 | €27,940 | €29,852 | ▲ 6.8% |
| Operating cash flow (approximation) | €19,096 | €82,070 | €49,779 | €57,470 | €49,827 | ▼ 13.3% |
| Investment in fixed assets (approximation) | - | -€12,292 | -€65,843 | -€6,000 | -€73,792 | ▼ 1,130% |
| Change in cash | - | €33,720 | -€8,330 | -€11,410 | -€29,714 | ▼ 160% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €100,000Eq €105,210 ▲23.4%
5 profitable years in a row build equity to €105,210.
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 126 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-12
Financial
Highest result since 2021net €77,476 ▲381%
Operating result €101,884, net result €77,476, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Liège · 1 establishment unit since 2021
Ground area
254 m²
Building footprint
112 m²
Volume, LiDAR
1,502 m³
Parcel 62020A0522/00M002, Wallonia · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FAST MG
since 20212.316.342.182
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62020A0522/00M002 | Wallonia | 254 m² | 1 · 112 m² | 14.4 m · 4 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,350 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
Founded22-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765503907
Also
9925:BE0765503907
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.