FCS CONSULT
InactiveInactive since 21-08-2026; last annual accounts for fiscal year 2026. Dissolved and wound up in a single deed on 31-03-2026; no liquidator appointed; books and records kept by Franck-Emmanuel CIRCHIARO (5 years).
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
20212223242526
2020 to 2026 · latest year -€5,356
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 04-05-2026, 180 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
180 d early
2025
31 d early
2024
65 d early
2023
1 d early
2022
34 d early
2021
33 d early
2020
39 d early
← 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 55 days before 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Public relations and communication consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€20,000▼ 78.9%
2025 · €94,890
Total assets
€55,731▼ 41.5%
2025 · €95,305
Net result
-€5,356▲ 10.0%
2025 · -€5,952
Working capital
€20,000▼ 78.9%
2025 · €94,905
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
Line20222023202420252026
Operating result€41,578▼ 18.0%€71,523▲ 72.0%€41,981▼ 41.3%-€4,913-€5,154▼ 4.9%
Net result€29,618within the sector's middle half▼ 19.0%€51,632above the sector's middle half▲ 74.3%€80,842above the sector's middle half▲ 56.6%-€5,952below the sector's middle half-€5,356▲ 10.0%
Equity€108,853within the sector's middle half▲ 36.0%€159,684within the sector's middle half▲ 46.7%€240,526above the sector's middle half▲ 50.6%€94,890within the sector's middle half▼ 60.5%€20,000▼ 78.9%
Total assets€194,610within the sector's middle half▼ 4.6%€233,956within the sector's middle half▲ 20.2%€295,603within the sector's middle half▲ 26.3%€95,305within the sector's middle half▼ 67.8%€55,731▼ 41.5%
Debt€85,757▼ 30.9%€74,272▼ 13.4%€55,077▼ 25.8%€415▼ 99.2%€35,731▲ 8,518%
Working capital€8,221within the sector's middle half€41,022within the sector's middle half▲ 399%€263,137above the sector's middle half▲ 541%€94,905within the sector's middle half▼ 63.9%€20,000▼ 78.9%
Solvency55.9%within the sector's middle half▲ 16.7pp68.3%within the sector's middle half▲ 12.3pp81.4%above the sector's middle half▲ 13.1pp99.6%above the sector's middle half▲ 18.2pp35.9%▼ 63.7pp
Current ratio1.31within the sector's middle half▲ 0.332.25within the sector's middle half▲ 0.939.11above the sector's middle half▲ 6.861.56
Return on assets (ROA)15.2%within the sector's middle half▼ 2.7pp22.1%within the sector's middle half▲ 6.8pp27.3%above the sector's middle half▲ 5.3pp-6.2%below the sector's middle half▼ 33.6pp-9.6%▼ 3.4pp
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.
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 €5,154 in 2026 against €4,913 in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €55,731
Equity
€20,000 ▼ 78.9%
Debt
€35,731 ▲ 8,518%
Debt's share of the balance-sheet total rises from 0.4% to 64.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.79▲
2025 · 0.00
ROE
-26.8%▼
2025 · -6.3%
Debt ≤ 1 year
€35,731▲
2025 · €400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €200 | €200 | €258 | €200 | €454 | ▲ 127% |
| Non-recurring operating charges66A | - | - | - | €310 | - | - |
| Gross operating margin9900 | €41,778 | €71,723 | €42,239 | -€4,403 | -€4,701 | ▼ 6.8% |
| Operating profit (loss)9901 | €41,578 | €71,523 | €41,981 | -€4,913 | -€5,154 | ▼ 4.9% |
| Financial income75/76B | - | €0 | €57,067 | - | - | - |
| Recurring financial income75 | - | €0 | €57,067 | - | - | - |
| Financial charges65/66B | €1,353 | €1,153 | €1,149 | €1,039 | €202 | ▼ 80.5% |
| Recurring financial charges65 | €1,353 | €1,153 | €1,149 | €1,039 | €202 | ▼ 80.5% |
| Profit (loss) for the period before taxes9903 | €40,225 | €70,371 | €97,898 | -€5,952 | -€5,356 | ▲ 10.0% |
| Income taxes67/77 | €10,606 | €18,739 | €17,056 | - | - | - |
| Profit (loss) for the period9904 | €29,618 | €51,632 | €80,842 | -€5,952 | -€5,356 | ▲ 10.0% |
| Profit (loss) for the period to be appropriated9905 | €29,618 | €51,632 | €80,842 | -€5,952 | -€5,356 | ▲ 10.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,610 | €233,956 | €295,603 | €95,305 | €55,731 | ▼ 41.5% |
| Fixed assets21/28 | €160,000 | €160,000 | - | - | - | - |
| Financial fixed assets28 | €160,000 | €160,000 | - | - | - | - |
| Current assets29/58 | €34,610 | €73,956 | €295,603 | €95,305 | €55,731 | ▼ 41.5% |
| Amounts receivable within one year40/41 | €225 | €10,560 | €84,260 | €48,437 | €12,846 | ▼ 73.5% |
| Trade receivables40 | €225 | €9,000 | €15,470 | - | - | - |
| Other amounts receivable41 | - | €1,560 | €68,790 | €48,437 | €12,846 | ▼ 73.5% |
| Cash at bank and in hand54/58 | €34,004 | €62,737 | €210,892 | €46,868 | €42,885 | ▼ 8.5% |
| Deferred charges and accrued income490/1 | €381 | €659 | €451 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,610 | €233,956 | €295,603 | €95,305 | €55,731 | ▼ 41.5% |
| Equity10/15 | €108,853 | €159,684 | €240,526 | €94,890 | €20,000 | ▼ 78.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | €80,842 | €80,842 | €11,308 | ▼ 86.0% |
| Distributable reserves133 | - | - | €80,842 | €80,842 | €11,308 | ▼ 86.0% |
| Profit (loss) carried forward14 | €88,853 | €139,684 | €139,684 | -€5,952 | -€11,308 | ▼ 90.0% |
| Amounts payable17/49 | €85,757 | €74,272 | €55,077 | €415 | €35,731 | ▲ 8,518% |
| Amounts payable after more than one year17 | €59,369 | €40,887 | €22,161 | - | - | - |
| Financial debts170/4 | €59,369 | €40,887 | €22,161 | - | - | - |
| Amounts payable within one year42/48 | €26,388 | €32,935 | €32,466 | €400 | €35,731 | ▲ 8,842% |
| Current portion of amounts payable after more than one year42 | €18,239 | €18,481 | €18,726 | - | - | - |
| Trade debts44 | €610 | €1,368 | €3,393 | €400 | - | - |
| Suppliers440/4 | €610 | €1,368 | €3,393 | €400 | - | - |
| Taxes, remuneration and social security45 | €5,700 | €11,609 | €9,806 | - | - | - |
| Taxes450/3 | €5,700 | €9,859 | €8,056 | - | - | - |
| Remuneration and social security454/9 | - | €1,750 | €1,750 | - | - | - |
| Other amounts payable47/48 | €1,839 | €1,477 | €540 | - | €35,731 | - |
| Accrued charges and deferred income492/3 | - | €450 | €450 | €15 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,618 | €51,632 | €80,842 | -€5,952 | -€5,356 | ▲ 10.0% |
| Operating cash flow (approximation) | €29,618 | €51,632 | €80,842 | -€5,952 | -€5,356 | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €28,733 | €148,155 | -€164,024 | -€3,983 | ▲ 97.6% |
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
2026
31-08
State Gazette act
End & cessationAuditor report · Dissolution · Liquidation closure10 facts ▸
State Gazette act
End & cessation
Auditor report · Dissolution · Liquidation closure10 facts ▸
- General meeting, 31-03-2026
- Other statement, 23-03-2026
- Other statement, 31-12-2025
- Auditor report, 30-03-2026
- Dissolution, 31-03-2026
- Liquidation closure, article 2:80 du Code des Sociétés et des Associations
- Declaration, immobilier
- Director discharge, Franck-Emmanuel CIRCHIARO (sole director)
- Custody of records, son domicile, Franck-Emmanuel CIRCHIARO
- Power of attorney, Franck-Emmanuel CIRCHIARO (mandataire ad hoc)
04-05
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€5,952
Net result drops to -€5,952, the lowest in the series.
30-09
Financial
Liquidity times 26current ratio 238.50
Current ratio from 9.11 to 238.50; short-term debt falls from €32,466 to €400.
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2020net €80,842 ▲56.6%
Net result €80,842, the highest in the series.
30-09
Financial
Liquidity quadruplescurrent ratio 9.11
Current ratio from 2.25 to 9.11; short-term debt falls from €32,935 to €32,466.
30-09
Financial
Equity above €200,000Eq €240,526 ▲50.6%
5 profitable years in a row build equity to €240,526.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150,000Eq €159,684 ▲46.7%
4 profitable years in a row build equity to €159,684.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Show earlier events
2022
30-09
Financial
Equity above €100,000Eq €108,853 ▲36%
3 profitable years in a row build equity to €108,853.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Visé
Ground area
258 m²
Building footprint
62 m²
Volume, LiDAR
532 m³
Parcel 62061B0894/00C000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62061B0894/00C000 | Wallonia | 258 m² | 1 · 62 m² | 9.6 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
1 holdingOwners 0
The accounts to 31-03-2026 list no shareholders, and no other source names one.
Holdings 1
-
39.78%
According to the annual accounts to 31-03-2026 of FCS CONSULT 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.
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Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2019
Fiscal year end31-03
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.