FCNV
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadline€347,064
▲ 27.8%
€258,556
▲ 26.3%
€177,648
▼ 47.6%
€195,412
▼ 15.0%
23.6%
▲ 8.6 percentage points
2.69
▲ 0.31
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €500,000. Estimated: probably between €410,000 and €870,000.
Balance sheet
balance sheet total €1.9m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
23.6%
Higher than 25% of 39,364 companies in 2025.
2.69
Higher than 59% of 38,048 companies in 2025.
9.2%
Higher than 40% of 38,520 companies in 2025.
FCNV
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
1.9m | 1.8m | 2.4m | 2.4m | 191,791 | 185,414 | 429,094 | 373,060 | 271,544 | |
21/28 |
1.6m | 1.5m | 1.4m | 1.3m | 25,271 | 6,606 | 7,022 | 7,904 | 1,585 | |
22/27 |
1.6m | 1.5m | 1.4m | 1.3m | 20,530 | 1,865 | 2,281 | 3,163 | 1,494 | |
22 |
1.6m | 1.4m | 1.3m | 1.2m | - | - | - | - | - | |
23 |
1,198 | - | 37 | 180 | 471 | 846 | 666 | 953 | 1,494 | |
24 |
54,741 | 30,226 | 35,049 | 43,118 | 16,625 | 1,019 | 1,614 | 2,210 | - | |
26 |
10,120 | 4,743 | 6,147 | 7,551 | 3,434 | - | - | - | - | |
28 |
91 | 91 | 91 | 91 | 4,741 | 4,741 | 4,741 | 4,741 | 91 | |
29/58 |
311,129 | 396,245 | 973,113 | 1.1m | 166,520 | 178,808 | 422,072 | 365,157 | 269,959 | |
29 |
- | - | - | - | - | - | 190,000 | - | - | |
291 |
- | - | - | - | - | - | 190,000 | - | - | |
40/41 |
17,310 | 54,052 | 58,417 | 37,791 | 38,390 | 30,091 | 21,426 | 34,665 | 75,015 | |
40 |
17,310 | 54,052 | 38,667 | 37,791 | 38,026 | 16,456 | 18,961 | 23,321 | 72,341 | |
41 |
- | - | 19,750 | - | 364 | 13,635 | 2,465 | 11,344 | 2,674 | |
50/53 |
251,702 | - | 650,226 | 191,752 | - | - | 38,761 | 34,734 | 42,443 | |
54/58 |
37,739 | 339,064 | 261,577 | 902,077 | 125,133 | 144,224 | 169,165 | 293,616 | 150,617 | |
490/1 |
4,379 | 3,129 | 2,893 | 3,287 | 2,997 | 4,492 | 2,720 | 2,142 | 1,884 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
1.9m | 1.8m | 2.4m | 2.4m | 191,791 | 185,414 | 429,094 | 373,060 | 271,544 | |
10/15 |
455,124 | 277,476 | 673,673 | 570,926 | 21,201 | 20,947 | 354,963 | 248,145 | 162,259 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | |
13 |
258,876 | 258,876 | 655,073 | 552,326 | 2,601 | 2,347 | 342,563 | 235,745 | 149,859 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | |
133 |
258,876 | 258,876 | 655,073 | 550,466 | 741 | 487 | 340,703 | 233,885 | 147,999 | |
14 |
177,648 | - | - | - | - | - | - | - | - | |
17/49 |
1.5m | 1.6m | 1.7m | 1.8m | 170,591 | 164,466 | 74,131 | 124,915 | 109,285 | |
17 |
1.4m | 1.4m | 1.4m | 1.4m | - | - | - | - | - | |
170/4 |
1.4m | 1.4m | 1.4m | 1.4m | - | - | - | - | - | |
42/48 |
115,718 | 166,367 | 229,933 | 370,092 | 169,591 | 163,466 | 70,727 | 122,066 | 107,118 | |
42 |
42,030 | 40,835 | - | - | - | - | - | - | - | |
44 |
8,341 | 14,794 | 11,443 | 20,431 | 10,155 | 10,900 | 5,715 | 4,757 | 5,728 | |
440/4 |
8,341 | 14,794 | 11,443 | 20,431 | 10,155 | 10,900 | 5,715 | 4,757 | 5,728 | |
45 |
29,971 | 23,922 | 12,374 | 46,853 | 49,436 | 37,068 | 65,011 | 117,309 | 101,390 | |
450/3 |
29,971 | 23,922 | 12,374 | 46,853 | 49,436 | 37,068 | 65,011 | 117,309 | 101,390 | |
47/48 |
35,376 | 86,815 | 206,116 | 302,808 | 110,000 | 115,498 | - | - | - | |
492/3 |
2,500 | 3,702 | 2,500 | 2,450 | 1,000 | 1,000 | 3,405 | 2,849 | 2,167 | |
| Income statement | ||||||||||
9900 |
347,064 | 271,523 | 228,323 | 140,959 | 150,948 | 142,259 | 139,418 | 127,773 | 239,414 | |
630 |
82,259 | 56,559 | 77,939 | 207,498 | 2,060 | 988 | 882 | 882 | 1,608 | |
640/8 |
6,249 | 10,241 | 12,218 | 1,084 | 1,356 | 1,173 | 1,159 | 1,622 | 2,175 | |
9901 |
258,556 | 204,723 | 138,166 | -67,623 | 147,532 | 140,098 | 137,376 | 125,268 | 235,631 | |
75/76B |
21,934 | 221,800 | 11,681 | 930,137 | 50 | 5,434 | 790 | 791 | 577 | |
75 |
21,934 | 221,800 | 11,681 | 557 | 50 | 5,434 | 790 | 791 | 577 | |
76B |
- | - | - | 929,580 | - | - | - | - | - | |
65/66B |
43,158 | 44,620 | 35,397 | 10,276 | 329 | -1,020 | -2,463 | 9,538 | 2,726 | |
65 |
43,158 | 44,620 | 35,397 | 10,276 | 329 | -1,020 | -2,463 | 9,538 | 2,726 | |
9903 |
237,332 | 381,903 | 114,451 | 852,238 | 147,253 | 146,553 | 140,630 | 116,521 | 233,482 | |
67/77 |
59,684 | 43,027 | 11,704 | 2,513 | 37,000 | 33,268 | 33,812 | 30,635 | 83,623 | |
9904 |
177,648 | 338,876 | 102,747 | 849,725 | 110,253 | 113,285 | 106,818 | 85,886 | 149,859 | |
9905 |
177,648 | 338,876 | 102,747 | 849,725 | 110,253 | 113,285 | 106,818 | 85,886 | 149,859 | |
| Appropriation of the result | ||||||||||
9906 |
177,648 | 338,876 | 102,747 | 849,725 | 110,253 | 113,285 | 106,818 | 85,886 | 149,859 | |
791/2 |
- | 655,073 | - | - | - | 340,215 | - | - | - | |
691/2 |
- | 258,876 | 102,747 | 549,725 | 253 | - | 106,818 | 85,886 | 149,859 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | 258,876 | 102,747 | 549,725 | 253 | - | 106,818 | 85,886 | 147,999 | |
694/7 |
- | 735,073 | - | 300,000 | 110,000 | 453,500 | - | - | - | |
694 |
- | 735,073 | - | 300,000 | 110,000 | 453,500 | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00211025 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00302001 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00206638 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00301535 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20215337 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25200543 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28600402 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-43300575 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-27400368 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 340,816 | 261,282 | 216,106 | 139,875 | 149,592 | 141,086 | 138,259 | 126,150 | 237,239 | ||
| 259,907 | 395,435 | 180,686 | 1.1m | 112,313 | 114,273 | 107,700 | 86,768 | 151,467 | ||
| 251,142 | 128,365 | 209,248 | 1.4m | 20,725 | 572 | 0 | 8,195 | 2,165 | ||
| -301,325 | 77,487 | -640,500 | 776,944 | -19,091 | -24,941 | -124,450 | 142,999 | - | ||
| 195,412 | 229,878 | 743,179 | 764,815 | -3,070 | 15,342 | 351,346 | 243,090 | 162,841 | ||
| 23.6% | 15.0% | 28.6% | 23.9% | 11.1% | 11.3% | 82.7% | 66.5% | 59.8% | ||
| 2.69 | 2.38 | 4.23 | 3.07 | 0.98 | 1.09 | 5.97 | 2.99 | 2.52 | ||
| 3.24 | 5.66 | 2.49 | 3.18 | 8.05 | 7.85 | 0.21 | 0.50 | 0.67 | ||
| 39.0% | 122.1% | 15.3% | 148.8% | 520.0% | 540.8% | 30.1% | 34.6% | 92.4% | ||
| 9.2% | 18.4% | 4.4% | 35.6% | 57.5% | 61.1% | 24.9% | 23.0% | 55.2% | ||
| 7.90 | 5.86 | 6.11 | 13.61 | over 100 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €251,142 | €128,365 | €209,248 | €1.4m | €20,725 |
| €82,259 | €56,559 | €77,939 | €207,498 | €2,060 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FCNV
The operating result for 2025 is 26% higher than in 2024 and the highest since 2017. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 85.0% to 76.4%. Equity is higher and debt is lower.
Large changes and their cause
- 2023 Net result -88% on 2022. The 2022 profit included a one-off income of €929,580.
- 2022 Net result +671% on 2021. The 2022 profit included a one-off income of €929,580.