FDIR management
ActiveFDIR management has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.00M and a net result of €865k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 654 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +36 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+77
Solvency100▲+26
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 0.82 in 2023), and 21.9% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.1%
Return on assets
33.7%
Age of the figures
20 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-12-2025, 141 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
141 d late
2023
26 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
100 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€865k▲ 1,586%
2023 · €51k
2018: €44k
2019: €425k
2020: €-684
2021: €39k
2022: €-25k
2023: €51k
2018 → 2024
Working capital
€1.37M
2023 · €-63k
2018: €-413k
2019: €546k
2020: €14k
2021: €88k
2022: €85k
2023: €-63k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.07M-€1.11M▲ 3.6%€1.09M▼ 2.2%€1.14M▲ 4.7%€2.00M▲ 75.9%
Operating result€-47k-€-56k▼ 19.2%€-111k▼ 99.1%€-55k▲ 50.0%€913k
Net result€-684-€39k€-25k€51k€865k▲ 1,586%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €913k after a loss of €55k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.57M
Fixed assets
€635k▼ 47.3%
Current assets
€1.93M▲ 560%
Equity and liabilities €2.57M
Equity
€2.00M▲ 75.9%
Debt
€563k▲ 57.4%
The debt ratio falls from 23.9% to 21.9%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.03M▲
2023 · €47k
Cash flow
€985k▲
2023 · €153k
Solvency
78.1%▲
2023 · 76.1%
Current ratio
3.44▲
2023 · 0.82
Quick ratio
2.96▲
2023 · 0.10
Debt / equity
0.28▼
2023 · 0.31
ROE
43.2%▲
2023 · 4.5%
ROA
33.7%▲
2023 · 3.4%
Interest coverage
638.52▲
2023 · 85.25
Debt
€563k▲
2023 · €358k
Debt ≤ 1 year
€561k▲
2023 · €356k
Income taxes
€87k▲
2023 · €3k
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€1.50M€2.57M▲
Formation expenses20€0€0=
Fixed assets21/28€1.20M€635k▼
Tangible fixed assets22/27€624k€635k▲
Land and buildings22-€42k
Plant, machinery and equipment23€365k€340k▼
Furniture and vehicles24€259k€254k▼
Financial fixed assets28€580k-
Current assets29/58€293k€1.93M▲
Stocks and contracts in progress3€259k€271k▲
Stocks30/36€259k€271k▲
Amounts receivable within one year40/41€3k€60k▲
Trade receivables40-€323
Other amounts receivable41€3k€60k▲
Current investments50/53-€1.54M
Cash at bank and in hand54/58€30k€61k▲
Deferred charges and accrued income490/1€1k€370▼
Equity and liabilities
Total equity and liabilities10/49€1.50M€2.57M▲
Equity10/15€1.14M€2.00M▲
Contributions10/11€211k€211k=
Reserves13€928k€1.79M▲
Distributable reserves133€928k€1.79M▲
Amounts payable17/49€358k€563k▲
Amounts payable within one year42/48€356k€561k▲
Current portion of amounts payable after more than one year42€1k-
Trade debts44€29k€62k▲
Suppliers440/4€29k€62k▲
Taxes, remuneration and social security45€6k€85k▲
Taxes450/3€6k€85k▲
Other amounts payable47/48€320k€415k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Non-recurring operating income76A-€1.11M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€120k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€48k€1.03M▲
Operating profit (loss)9901€-55k€913k▲
Financial income75/76B€110k€41k▼
Recurring financial income75€110k€41k▼
Financial charges65/66B€547€2k▲
Recurring financial charges65€547€2k▲
Profit (loss) for the period before taxes9903€54k€952k▲
Income taxes67/77€3k€87k▲
Profit (loss) for the period9904€51k€865k▲
Profit (loss) for the period to be appropriated9905€51k€865k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€865k▲
Profit (loss) brought forward from the previous period14P€-25k-
Transfer to equity691/2€26k€865k▲
To other reserves6921€26k€865k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 141 days late
2024
31-12
Financial
Highest result since 2018net €865k ▲1586%
Operating result €913k, net result €865k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.44
Current ratio from 0.82 to 3.44.
31-12
Financial
Equity above €2MEq €2.00M ▲75.9%
2 profitable years in a row build equity to €2.00M.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-25k ▼164%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.42
Current ratio from 1.11 to 3.42; short-term debt falls from €123k to €36k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 100 days late
2019
31-12
Financial
Liquidity times 75current ratio 9.85
Current ratio from 0.13 to 9.85; short-term debt falls from €476k to €62k.
31-12
Financial
Equity above €1MEq €1.07M ▲65.5%
2 profitable years in a row build equity to €1.07M.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 16 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2025
Charlotte Detimmerman
CurrentDirector · since 01-04-2025
01-04-2025
Appointed as Director
Not every act has been read: a resignation may be missing here
6 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2011
Ground area
2,810 m²
Building footprint
352 m²
Volume, LiDAR
2,558 m³
Parcel 57007D0007/00E000, Wallonia · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FDIR Management
since 20112.196.893.810
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57007D0007/00E000 | Wallonia | 2,810 m² | 1 · 352 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SOFINO
BE 0426.825.932
Sankt Vith · Eq €1.99M
ROSTAL
BE 0458.554.434
Grobbendonk · Eq €1.99M
LIMBACO
BE 0473.661.589
Hooglede · Eq €2.03M
I.T. SOLUTIONS
BE 0463.932.588
Antwerpen · Eq €2.06M
HIGH HERO TRUST
BE 0816.796.220
Juprelle · Eq €2.08M
Of 1,944 companies in sector 01430 we hold annual accounts for 739. 283 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2010
Fiscal year end31-12
Legal name FR
Lussa Stables
Activities, NACEBEL
01430Raising of horses and other equines
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.