FCO
ActiveSummary
FCO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64k and a net result of €2k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability44▼-22
Solvency48▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.19 in 2023; short-term debt: 20.8% and cash: 0.1% of total assets), and 77% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23%
Return on assets
0.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
34 d early
2022
35 d early
2021
39 d early
2020
24 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€64k▲ 3.7%
2023 · €62k
2018: €12klowest in 7 years
2019: €28k▲ +131% vs 2018
2020: €36k▲ +27.3% vs 2019
2021: €47k▲ +30.3% vs 2020
2022: €50k▲ +6.8% vs 2021
2023: €62k▲ +23.0% vs 2022
2024: €64k▲ +3.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€280k▲ 8.2%
2023 · €259k
2018: €63klowest in 7 years
2019: €238k▲ +279% vs 2018
2020: €256k▲ +7.7% vs 2019
2021: €213k▼ -16.8% vs 2020
2022: €226k▲ +6.2% vs 2021
2023: €259k▲ +14.4% vs 2022
2024: €280k▲ +8.2% vs 2023highest in 7 years
2018 → 2024
Net result
€2k▼ 80.3%
2023 · €12k
2018: €12k
2019: €16k▲ +34.3% vs 2018highest in 7 years
2020: €8k▼ -51.9% vs 2019
2021: €11k▲ +41.3% vs 2020
2022: €3k▼ -70.9% vs 2021
2023: €12k▲ +263% vs 2022
2024: €2k▼ -80.3% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-22k▲ 74.5%
2023 · €-86k
2018: €4khighest in 7 years
2019: €-52k▼ -1383% vs 2018
2020: €-44k▲ +15.4% vs 2019
2021: €-50k▼ -11.9% vs 2020
2022: €-41k▲ +18.0% vs 2021
2023: €-86k▼ -111% vs 2022lowest in 7 years
2024: €-22k▲ +74.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€36k-€47k▲ 30.3%€50k▲ 6.8%€62k▲ 23.0%€64k▲ 3.7%
2020: €36klowest in 5 years
2021: €47k▲ +30.3% vs 2020
2022: €50k▲ +6.8% vs 2021
2023: €62k▲ +23.0% vs 2022
2024: €64k▲ +3.7% vs 2023highest in 5 years
Operating result€26k-€22k▼ 15.4%€19k▼ 12.6%€31k▲ 65.0%€17k▼ 46.1%
2020: €26k
2021: €22k▼ -15.4% vs 2020
2022: €19k▼ -12.6% vs 2021
2023: €31k▲ +65.0% vs 2022highest in 5 years
2024: €17k▼ -46.1% vs 2023lowest in 5 years
Net result€8k-€11k▲ 41.3%€3k▼ 70.9%€12k▲ 263%€2k▼ 80.3%
2020: €8k
2021: €11k▲ +41.3% vs 2020
2022: €3k▼ -70.9% vs 2021
2023: €12k▲ +263% vs 2022highest in 5 years
2024: €2k▼ -80.3% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 46% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280k
Fixed assets
€243k ▲ 1.9%
Current assets
€36k ▲ 83.0%
Equity and liabilities €280k
Equity
€64k ▲ 3.7%
Debt
€216k ▲ 9.6%
Debt's share of the balance-sheet total rises from 76.1% to 77.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▼
2023 · €50k
Cash flow
€24k▼
2023 · €30k
Current ratio
0.63▲
2023 · 0.19
Debt to equity
3.35▲
2023 · 3.18
ROE
3.6%▼
2023 · 18.7%
ROA
0.8%▼
2023 · 4.5%
Interest coverage
2.85▼
2023 · 5.02
Debt ≤ 1 year
€58k▼
2023 · €106k
Debt > 1 year
€157k▲
2023 · €91k
Income taxes
€3k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€259k€280k▲
Fixed assets21/28€239k€243k▲
Tangible fixed assets22/27€233k€236k▲
Land and buildings22€152k€170k▲
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€74k€62k▼
Financial fixed assets28€6k€7k▲
Current assets29/58€20k€36k▲
Amounts receivable after more than one year29€3k€3k=
Trade receivables290€3k€3k=
Amounts receivable within one year40/41€17k€34k▲
Trade receivables40€14k€5k▼
Other amounts receivable41€3k€29k▲
Cash at bank and in hand54/58-€142
Equity and liabilities
Total equity and liabilities10/49€259k€280k▲
Equity10/15€62k€64k▲
Contributions10/11€19k€19k=
Reserves13€32k€34k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€30k€32k▲
Profit (loss) carried forward14€12k€12k▲
Amounts payable17/49€197k€216k▲
Amounts payable after more than one year17€91k€157k▲
Financial debts170/4€91k€157k▲
Amounts payable within one year42/48€106k€58k▼
Current portion of amounts payable after more than one year42€5k€26k▲
Financial debts43€27k-
Credit institutions430/8€27k-
Trade debts44€29k€22k▼
Suppliers440/4€29k€22k▼
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€10k▲
Other amounts payable47/48€43k-
Income statement
Code20232024
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€34k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€19k
Gross operating margin9900€86k€59k▼
Operating profit (loss)9901€31k€17k▼
Financial income75/76B€3€2k▲
Recurring financial income75€3€2k▲
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€21k€6k▼
Income taxes67/77€10k€3k▼
Profit (loss) for the period9904€12k€2k▼
Profit (loss) for the period to be appropriated9905€12k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€14k▼
Profit (loss) brought forward from the previous period14P€11k€12k▲
Transfer to equity691/2€12k€2k▼
To other reserves6921€12k€2k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7k | - |
| Remuneration, social security and pensions62 | - | €75k | €47k | €34k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €19k | €19k | €21k | ▲ 13.6% |
| Other operating charges640/8 | - | €5k | €5k | €2k | €2k | ▲ 0.6% |
| Non-recurring operating charges66A | - | - | - | - | €19k | - |
| Gross operating margin9900 | €102k | €113k | €89k | €86k | €59k | ▼ 31.4% |
| Operating profit (loss)9901 | €26k | €22k | €19k | €31k | €17k | ▼ 46.1% |
| Financial income75/76B | - | €8k | €1k | €3 | €2k | ▲ 74,530% |
| Recurring financial income75 | €2k | €0 | €1k | €3 | €2k | ▲ 74,530% |
| Non-recurring financial income76B | - | €8k | - | - | - | - |
| Financial charges65/66B | - | €10k | €10k | €10k | €13k | ▲ 33.9% |
| Recurring financial charges65 | €12k | €10k | €10k | €10k | €13k | ▲ 33.9% |
| Profit (loss) for the period before taxes9903 | €16k | €20k | €10k | €21k | €6k | ▼ 72.9% |
| Income taxes67/77 | €8k | €9k | €7k | €10k | €3k | ▼ 64.1% |
| Profit (loss) for the period9904 | €8k | €11k | €3k | €12k | €2k | ▼ 80.3% |
| Profit (loss) for the period to be appropriated9905 | €8k | €11k | €3k | €12k | €2k | ▼ 80.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256k | €213k | €226k | €259k | €280k | ▲ 8.2% |
| Fixed assets21/28 | €189k | €198k | €184k | €239k | €243k | ▲ 1.9% |
| Tangible fixed assets22/27 | €183k | €192k | €178k | €233k | €236k | ▲ 1.5% |
| Land and buildings22 | - | €159k | €155k | €152k | €170k | ▲ 12.1% |
| Plant, machinery and equipment23 | - | €21k | €14k | €7k | €4k | ▼ 44.1% |
| Furniture and vehicles24 | - | €12k | €9k | €74k | €62k | ▼ 16.0% |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €7k | ▲ 16.5% |
| Current assets29/58 | €67k | €15k | €42k | €20k | €36k | ▲ 83.0% |
| Amounts receivable after more than one year29 | - | - | - | €3k | €3k | = |
| Trade receivables290 | - | - | - | €3k | €3k | = |
| Amounts receivable within one year40/41 | €65k | €14k | €40k | €17k | €34k | ▲ 94.0% |
| Trade receivables40 | - | €14k | €10k | €14k | €5k | ▼ 62.7% |
| Other amounts receivable41 | - | - | €30k | €3k | €29k | ▲ 746% |
| Cash at bank and in hand54/58 | €2k | €90 | €274 | - | €142 | - |
| Deferred charges and accrued income490/1 | - | - | €2k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256k | €213k | €226k | €259k | €280k | ▲ 8.2% |
| Equity10/15 | €36k | €47k | €50k | €62k | €64k | ▲ 3.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €10k | €20k | €20k | €32k | €34k | ▲ 6.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Other1319 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €19k | €19k | €30k | €32k | ▲ 6.7% |
| Profit (loss) carried forward14 | €8k | €8k | €11k | €12k | €12k | ▲ 2.5% |
| Amounts payable17/49 | €220k | €166k | €176k | €197k | €216k | ▲ 9.6% |
| Amounts payable after more than one year17 | €109k | €102k | €93k | €91k | €157k | ▲ 72.4% |
| Financial debts170/4 | - | €102k | €93k | €91k | €157k | ▲ 72.4% |
| Amounts payable within one year42/48 | €111k | €64k | €83k | €106k | €58k | ▼ 44.8% |
| Current portion of amounts payable after more than one year42 | - | €17k | €11k | €5k | €26k | ▲ 473% |
| Financial debts43 | - | €19k | €27k | €27k | - | - |
| Credit institutions430/8 | - | €19k | €27k | €27k | - | - |
| Trade debts44 | €17k | €2k | €8k | €29k | €22k | ▼ 21.7% |
| Suppliers440/4 | - | €2k | €8k | €29k | €22k | ▼ 21.7% |
| Taxes, remuneration and social security45 | - | €16k | €19k | €2k | €10k | ▲ 319% |
| Taxes450/3 | - | €6k | €13k | €2k | €10k | ▲ 319% |
| Remuneration and social security454/9 | - | €10k | €7k | - | - | - |
| Other amounts payable47/48 | - | €11k | €18k | €43k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €11k | €3k | €12k | €2k | ▼ 80.3% |
| + Depreciation and write-downs630 | €12k | €12k | €19k | €19k | €21k | ▲ 13.6% |
| Operating cash flow (approximation) | €20k | €23k | €22k | €30k | €24k | ▼ 22.3% |
| Investment in fixed assets (approximation) | - | €-22k | €-4k | €-73k | €-26k | ▲ 64.9% |
| Change in cash | - | €-2k | €184 | - | - | - |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼80.3%
Net result drops to €2k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €16k ▲34.3%
Net result €16k, the highest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Evergem · 2 establishment units since 2012
Ground area
4,917 m²
Building footprint
2,394 m²
Volume, LiDAR
16,045 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
MT Consulting
since 20122.207.789.977
MT Consulting
since 20202.303.393.573
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051A0071/00R002 | Flanders | 4,744 m² | 1 · 2,221 m² | 8.1 m · 2 fl. |
| 44066D0345/00L000 | Flanders | 173 m² | 1 · 173 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 975 EUR awarded · 975 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 975 EUR | 975 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,066 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 (pre-2019)
Founded23-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.