FDiscret
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2026 is 22% higher than in 2025 and the highest since 2022. It is the second rise in a row, after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €6,580 | €44,681 | €2,598 | €6,120 |
| Depreciation and write-downs of the year | - | €371 | €7,333 | €10,282 | €12,002 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €371 | €7,333 | €10,282 | €12,002 | ▲ 16.7% |
| Other operating charges640/8 | - | - | €463 | €352 | €526 | ▲ 49.7% |
| Gross operating margin9900 | €54,408 | €98,057 | €91,703 | €153,362 | €186,821 | ▲ 21.8% |
| Operating profit (loss)9901 | €54,408 | €97,686 | €83,907 | €142,729 | €174,293 | ▲ 22.1% |
| Financial income75/76B | - | €1,661 | €1,094 | - | €780 | - |
| Recurring financial income75 | - | €1,661 | €1,094 | - | €780 | - |
| Financial charges65/66B | - | - | - | €34 | €9 | ▼ 73.4% |
| Recurring financial charges65 | - | - | - | €34 | €9 | ▼ 73.4% |
| Profit (loss) for the period before taxes9903 | €54,408 | €99,346 | €85,001 | €142,695 | €175,064 | ▲ 22.7% |
| Income taxes67/77 | €11,138 | €20,347 | €17,624 | €31,862 | €45,024 | ▲ 41.3% |
| Profit (loss) for the period9904 | €43,271 | €79,000 | €67,378 | €110,833 | €130,040 | ▲ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €43,271 | €79,000 | €67,378 | €110,833 | €130,040 | ▲ 17.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,969 | €149,805 | €227,298 | €132,810 | €207,254 | ▲ 56.1% |
| Fixed assets21/28 | - | €6,208 | €43,556 | €35,872 | €29,990 | ▼ 16.4% |
| Tangible fixed assets22/27 | - | €6,208 | €43,556 | €35,872 | €29,990 | ▼ 16.4% |
| Plant, machinery and equipment23 | - | €4,929 | €3,912 | €5,464 | €3,898 | ▼ 28.7% |
| Furniture and vehicles24 | - | €1,279 | €39,644 | €30,408 | €26,092 | ▼ 14.2% |
| Current assets29/58 | €58,969 | €143,597 | €183,742 | €96,938 | €177,264 | ▲ 82.9% |
| Amounts receivable within one year40/41 | €26,544 | €21,937 | €19,732 | €14,240 | €17,561 | ▲ 23.3% |
| Trade receivables40 | - | €301 | - | - | €3,136 | - |
| Other amounts receivable41 | €26,544 | €21,636 | €19,732 | €14,240 | €14,425 | ▲ 1.3% |
| Current investments50/53 | - | - | - | - | €2,225 | - |
| Cash at bank and in hand54/58 | €32,425 | €121,660 | €157,060 | €73,192 | €157,478 | ▲ 115% |
| Deferred charges and accrued income490/1 | - | - | €6,950 | €9,506 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,969 | €149,805 | €227,298 | €132,810 | €207,254 | ▲ 56.1% |
| Equity10/15 | €45,771 | €124,770 | €192,148 | €113,333 | €197,373 | ▲ 74.2% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €43,271 | €122,270 | €189,648 | €110,833 | €194,873 | ▲ 75.8% |
| Distributable reserves133 | €43,271 | €122,270 | €189,648 | €110,833 | €194,873 | ▲ 75.8% |
| Amounts payable17/49 | €13,199 | €25,034 | €35,150 | €19,477 | €9,881 | ▼ 49.3% |
| Amounts payable within one year42/48 | €13,199 | €25,034 | €35,150 | €19,477 | €9,881 | ▼ 49.3% |
| Trade debts44 | €2,061 | - | €6,837 | €494 | - | - |
| Suppliers440/4 | €2,061 | - | €6,837 | €494 | - | - |
| Taxes, remuneration and social security45 | €11,138 | €25,034 | €28,313 | €18,984 | €3,526 | ▼ 81.4% |
| Taxes450/3 | €11,138 | €22,534 | €28,313 | €18,459 | €3,526 | ▼ 80.9% |
| Remuneration and social security454/9 | - | €2,500 | - | €525 | - | - |
| Other amounts payable47/48 | - | - | - | - | €6,355 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,271 | €79,000 | €67,378 | €110,833 | €130,040 | ▲ 17.3% |
| + Depreciation and write-downs630 | - | €371 | €7,333 | €10,282 | €12,002 | ▲ 16.7% |
| Operating cash flow (approximation) | €43,271 | €79,371 | €74,711 | €121,115 | €142,042 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | - | -€44,681 | -€2,598 | -€6,120 | ▼ 136% |
| Change in cash | - | €89,234 | €35,400 | -€83,868 | €84,286 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as FDiscret has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FDiscret itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for FDiscret. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00595861 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00557040 | |
| 31-03-2024 | micro format | 29-09-2024 | 2024-00477552 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00499723 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478548 |