FD
ActiveSummary
FD has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €80,198. Equity has been growing by about 4.5% per year since 2019. Its solvency ranks better than 79% of 4,119 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-11-2016 Normal situation
- Activity
- Certified accountants and tax accountants NACE 69201
- Establishment unit
- 2.258.376.665 8000 Brugge, since 02-11-2016
- Financial year end
- 30 September
- Peppol
- Reachable since 30-09-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €176,968
- ▲ 29.6%
- Turnover
- ≈ €330,000
- estimated
- Profit
- €80,198
- ▲ 32.4%
- Equity
- €1.1m
- ▲ 7.6%
- Total assets
- €1.5m
- ▲ 2.1%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSector: Legal and accounting activities (NACE 69)Size: total assets €1.5mFigures for financial year 2025 (filed on 30-03-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 87% of them on solvency, 45% on liquidity, 27% on profitability and 51% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-03-2026 PDF all 8 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 50% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €32,696 | - | - | €2,524 |
| Financial fixed assets | - | - | €137,500 | - |
| Depreciation and write-downs of the year | €44,906 | €45,616 | €44,916 | €44,409 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as FD: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €1m and €2.1m, founded between 2014 and 2017.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| FD Wervik | 2016 | €1.5m | €1.1m | €0.2m | €0.08m | 0 | 2025 |
| Another Vision Wevelgem | 2017 | €1.9m | €1.9m | €0.2m | €0.2m | 0 | 2025 |
| SemKo! Sint-Truiden | 2016 | €1.3m | €0.2m | €0.1m | €0.1m | 0 | 2025 |
| Heliantheae Turnhout | 2014 | €1.6m | €0.5m | €0.2m | €0.5m | 0 | 2025 |
| Numbr Olen | 2017 | €2.1m | €0.02m | €0.1m | €0.1m | 0 | 2025 |
| Société de Fiscalité de Gestion et de Comptabilité Binche | 2015 | €1.0m | €0.6m | €0.2m | €0.09m | 0 | 2025 |
| Keno Accounting Geel | 2016 | €1.7m | €0.6m | €0.1m | €0.4m | 0 | 2025 |
They were chosen from the 7,241 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,782 companies had the same profile as FD has now. Two years later, 0.6% had gone bankrupt and 96.7% were still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for FD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,319 | €2,452 | €2,730 | €606 | ▼ 77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,601 | €65,995 | €63,788 | €44,906 | €45,616 | €44,916 | €44,409 | ▼ 1.1% |
| Other operating charges640/8 | - | - | - | €6,649 | €6,255 | €5,954 | €7,281 | ▲ 22.3% |
| Gross operating margin9900 | €104,468 | €92,006 | €132,326 | €102,228 | €144,538 | €136,560 | €176,968 | ▲ 29.6% |
| Operating profit (loss)9901 | €70,149 | €20,230 | €62,323 | €49,353 | €90,215 | €82,959 | €124,671 | ▲ 50.3% |
| Financial income75/76B | - | - | - | €76 | €2,315 | €5,049 | €6,278 | ▲ 24.3% |
| Recurring financial income75 | €63 | €7 | €2 | €76 | €2,315 | €5,049 | €6,278 | ▲ 24.3% |
| Financial charges65/66B | - | - | - | €18,214 | €7,038 | €1,238 | €9,089 | ▲ 634% |
| Recurring financial charges65 | €8,505 | €7,485 | €9,333 | €18,214 | €7,038 | €1,238 | €9,089 | ▲ 634% |
| Profit (loss) for the period before taxes9903 | €61,707 | -€56,968 | €52,993 | €31,215 | €85,492 | €86,771 | €121,861 | ▲ 40.4% |
| Income taxes67/77 | €13,581 | €1,617 | €13,980 | €11,427 | €26,642 | €26,197 | €41,663 | ▲ 59.0% |
| Profit (loss) for the period9904 | €48,126 | -€58,585 | €39,013 | €19,788 | €58,850 | €60,574 | €80,198 | ▲ 32.4% |
| Profit (loss) for the period to be appropriated9905 | €48,126 | -€58,585 | €39,013 | €19,788 | €58,850 | €60,574 | €80,198 | ▲ 32.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.5m | €1.5m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 2.1% |
| Fixed assets21/28 | €1.2m | €0.8m | €0.9m | €0.9m | €0.9m | €1.0m | €0.9m | ▼ 4.3% |
| Tangible fixed assets22/27 | €0.4m | €0.8m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 5.1% |
| Land and buildings22 | - | - | - | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.002m | - |
| Financial fixed assets28 | €0.8m | €0.03m | €0.03m | €0.03m | €0.03m | €0.2m | €0.2m | = |
| Current assets29/58 | €0.1m | €0.7m | €0.5m | €0.5m | €0.6m | €0.5m | €0.6m | ▲ 15.0% |
| Amounts receivable within one year40/41 | €420 | €0.09m | €0.07m | €0.07m | €0.1m | €0.04m | €0.02m | ▼ 48.5% |
| Trade receivables40 | - | - | - | €0.04m | €0.07m | €0.03m | €0.02m | ▼ 12.1% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.03m | €0.02m | €0 | ▼ 100% |
| Current investments50/53 | - | - | €0.03m | €0.06m | €0.3m | €0.2m | €0.4m | ▲ 143% |
| Cash at bank and in hand54/58 | €0.1m | €0.6m | €0.4m | €0.4m | €0.2m | €0.3m | €0.1m | ▼ 59.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.5m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 2.1% |
| Equity10/15 | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | €1.1m | ▲ 7.6% |
| Contributions10/11 | €0.8m | - | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Contributions outside capital11 | - | - | - | €0.8m | €0.8m | - | - | - |
| Other1109/19 | - | - | - | €0.8m | €0.8m | - | - | - |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 26.8% |
| Non-distributable reserves130/1 | - | - | - | €0.08m | €0.08m | €0.08m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.08m | €0.08m | €0.08m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 70.7% |
| Profit (loss) carried forward14 | - | -€0.06m | -€0.02m | -€0.02m | -€0.02m | -€0.02m | -€0.02m | = |
| Amounts payable17/49 | €0.4m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 12.1% |
| Amounts payable after more than one year17 | €0.2m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 16.4% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 16.4% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 13.1% |
| Trade debts44 | €0.002m | €0.01m | €0.002m | €0.003m | €0.01m | €0.002m | €0.003m | ▲ 51.1% |
| Suppliers440/4 | - | - | - | €0.003m | €0.01m | €0.002m | €0.003m | ▲ 51.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | €0.02m | €0.03m | ▲ 15.7% |
| Taxes450/3 | - | - | - | €0.01m | €0.03m | €0.02m | €0.03m | ▲ 15.7% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.005m | €0.008m | €0.003m | ▼ 58.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,126 | -€58,585 | €39,013 | €19,788 | €58,850 | €60,574 | €80,198 | ▲ 32.4% |
| + Depreciation and write-downs630 | €28,601 | €65,995 | €63,788 | €44,906 | €45,616 | €44,916 | €44,409 | ▼ 1.1% |
| Operating cash flow (approximation) | €76,726 | €7,409 | €102,801 | €64,694 | €104,466 | €105,490 | €124,608 | ▲ 18.1% |
| Investment in fixed assets (approximation) | - | €293,551 | -€167,610 | -€32,696 | €0 | -€137,500 | -€2,524 | ▲ 98.2% |
| Change in cash | - | €470,772 | -€133,324 | -€77,993 | -€154,485 | €51,360 | -€156,834 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-03-2026 | 2026-00065924 | |
| 30-09-2024 | micro format | 25-03-2025 | 2025-00053396 | |
| 30-09-2023 | micro format | 12-03-2024 | 2024-00042016 | |
| 30-09-2022 | micro format | 20-03-2023 | 2023-00041557 | |
| 30-09-2021 | micro format | 24-03-2022 | 2022-08500454 | |
| 30-09-2020 | micro format | 29-03-2021 | 2021-08900308 | |
| 30-09-2019 | micro format | 27-03-2020 | 2020-07800237 | |
| 30-09-2018 | micro format | 14-03-2019 | 2019-07100493 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Converted to unavailable equity · €847,000
- 28-12-2023 Converted to available equity
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 30-09-2025Equity €411,786 Profit of €54,686 in 2025 (profit of €67,739 in 2024) Checked score 9350%
Connections & network
1 current directorThe network starts from the directors of FD. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-09
Gazette deed
Registered office moved from Wervik to Brugge2 points ▸
- General meeting, 27-08-2026
- Registered-office move, Freren Fonteinstraat 8 bus 0001, 8000 Brugge
28-12
Gazette deed
Appointment: Dieter Derudder (director)Capital conversion · Amendment of the articles · Registered office clause9 points ▸
- General meeting, 26-12-2023
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbaar eigen vermogen” (deed in Dutch)
- Director appointment, Dieter Derudder (director (not named in the articles))
- Other provision, 20-12-2023
- Amendment of the articles
- Registered office clause, “Magdalenastraat 74-8940 Wervik” (deed in Dutch)
- Other provision, “geen gebruik mogelijkheid mededeling, emailadres en website vennootschap” (deed in Dutch)
- Legal form clause, “besloten vennootschap, BV” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33029C0046/00H000 | Flanders | 596 m² | 1 · 172 m² | 12.7 m · 3 |
| 31802B0892/00T000 | Flanders | 425 m² | 1 · 250 m² | 13.3 m · 3 |