FB SPV

Active

Private limited companyfounded 20224 yrs activeChaussée de Marche(EP) 458, 5101 Namur, BelgiumKBO/BCE: BE 0781.932.836

The computed 12-month bankruptcy probability of FB SPV is 1.9% (moderate). The 2024 annual accounts show equity of €1.23M and a net result of €496k. Equity is growing by ~113.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 26043 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

43 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability22▲+6

Solvency32▲+3

Growth78=

Track record94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €50k at 30 days only on tighter terms

Liquidity short (current ratio 0.09 against 0.16 in 2023; short-term debt: 6.5% and cash: 0% of total assets), and 93% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

Return on assets

2.8%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

25 d late

2023

8 d early

2022

60 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€1.23M▲ 67.7%

2023 · €732k

2022: €-432k 2023: €732k

2022 → 2024

Total assets

€17.61M▼ 1.4%

2023 · €17.87M

2022: €18.70M 2023: €17.87M

2022 → 2024

Net result

€496k

2023 · €-339k

2022: €-433k 2023: €-339k

2022 → 2024

Working capital

€-1.05M▼ 8.4%

2023 · €-967k

2022: €-317k 2023: €-967k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€-432k-€732k€1.23M▲ 67.7%

Operating result€-49k-€-185k▼ 280%€-179k▲ 3.3%

Net result€-433k-€-339k▲ 21.7%€496k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €179k in 2024 against €185k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €17.53M

99.4%

Fixed assets €17.42M▼ 0.9%

Current assets €103k▼ 43.8%

Equity and liabilities €17.61M

93.0%

Equity €1.23M▲ 67.7%

Debt €16.38M▼ 4.4%

The debt ratio falls from 95.9% to 93.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-1k▲

2023 · €-7k

Cash flow

€673k▲

2023 · €-162k

Solvency

7.0%▲

2023 · 4.1%

Current ratio

0.09▼

2023 · 0.16

Quick ratio

0.09▼

2023 · 0.16

Debt / equity

13.35▼

2023 · 23.41

ROE

40.4%▲

2023 · -46.3%

ROA

2.8%▲

2023 · -1.9%

Interest coverage

0.00▲

2023 · -0.01

Debt

€16.38M▼

2023 · €17.14M

Debt ≤ 1 year

€1.15M▲

2023 · €1.15M

Debt > 1 year

€15.23M▼

2023 · €15.99M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€17.87M€17.61M▼

Formation expenses20€100k€85k▼

Fixed assets21/28€17.59M€17.42M▼

Intangible fixed assets21€1.39M€1.23M▼

Financial fixed assets28€16.19M€16.19M=

Current assets29/58€183k€103k▼

Amounts receivable within one year40/41€175k€101k▼

Trade receivables40€156k€101k▼

Other amounts receivable41€18k-

Cash at bank and in hand54/58€8k€2k▼

Equity and liabilities

Total equity and liabilities10/49€17.87M€17.61M▼

Equity10/15€732k€1.23M▲

Contributions10/11€1.50M€1.50M=

Profit (loss) carried forward14€-772k€-276k▲

Amounts payable17/49€17.14M€16.38M▼

Amounts payable after more than one year17€15.99M€15.23M▼

Financial debts170/4€15.99M€15.23M▼

Amounts payable within one year42/48€1.15M€1.15M▲

Current portion of amounts payable after more than one year42€1.05M€1.05M=

Trade debts44€100k€100k▲

Suppliers440/4€100k€100k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€177k€177k=

Other operating charges640/8€384€968▲

Gross operating margin9900€-7k€-205▲

Operating profit (loss)9901€-185k€-179k▲

Financial income75/76B€1.15M€2.04M▲

Recurring financial income75€1.15M€2.04M▲

Financial charges65/66B€1.30M€1.36M▲

Recurring financial charges65€1.30M€1.36M▲

Profit (loss) for the period before taxes9903€-339k€496k▲

Profit (loss) for the period9904€-339k€496k▲

Profit (loss) for the period to be appropriated9905€-339k€496k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-772k€-276k▲

Profit (loss) brought forward from the previous period14P€-433k€-772k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Gazette 1Filings 3

2026

07-08

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative3 facts ▸

General meeting, 17/03/2026
Auditor appointment, Forvis Mazars Réviseurs d'Entreprises - Bedrijfsrevisoren SRL (commissaire)
Permanent representative, Guillaume Pardonge

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

31-12

Financial Back to profitnet €496k

Net result €496k after 2 loss-making years.

31-12

Financial Equity above €1MEq €1.23M ▲67.7%

Equity rises from €732k to €1.23M.

23-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €500kEq €732k

Equity rises from €-432k to €732k.

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Namur

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.

Chaussée de Marche(EP) 4585101 Namur

Ground area

2,484 m²

Building footprint

1,087 m²

Parcel 92039B0004/00K000, Wallonia. Linked by address, not a title deed.

1 parcel

Wallonia 1 (100%)