Summary
FDL MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €32,103 and a net result of €51,256. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 8102 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-01-2026, 115 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
115 d early
2024
134 d early
2023
46 d early
2022
107 d early
2021
66 d early
2020
141 d early
2019
147 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 108 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 13 January (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Blegny, Finance and insurance sector
Equity
€32,103▲ 54.0%
2024 · €20,847
Net result
€51,256▲ 16.6%
2024 · €43,960
Total assets
€113,932▼ 0.9%
2024 · €114,975
Solvency
28.2%▲ 10.0pp
2024 · 18.1%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,806▼ 21.2%€21,889▼ 24.0%€47,714▲ 118%€58,288▲ 22.2%€69,990▲ 20.1%
Net result€22,443within the sector's middle half▼ 21.8%€15,775within the sector's middle half▼ 29.7%€36,982within the sector's middle half▲ 134%€43,960within the sector's middle half▲ 18.9%€51,256within the sector's middle half▲ 16.6%
Equity€31,629below the sector's middle half▲ 244%€47,405within the sector's middle half▲ 49.9%€16,887below the sector's middle half▼ 64.4%€20,847below the sector's middle half▲ 23.5%€32,103below the sector's middle half▲ 54.0%
Total assets€52,273below the sector's middle half▼ 3.7%€127,037within the sector's middle half▲ 143%€157,914within the sector's middle half▲ 24.3%€114,975below the sector's middle half▼ 27.2%€113,932below the sector's middle half▼ 0.9%
Debt€20,644▼ 54.2%€79,632▲ 286%€141,028▲ 77.1%€94,128▼ 33.3%€81,829▼ 13.1%
Working capital€29,651within the sector's middle half▲ 364%€39,417within the sector's middle half▲ 32.9%€7,054within the sector's middle half▼ 82.1%-€3,960within the sector's middle half€6,713within the sector's middle half
Solvency60.5%within the sector's middle half▲ 43.6pp37.3%within the sector's middle half▼ 23.2pp10.7%below the sector's middle half▼ 26.6pp18.1%below the sector's middle half▲ 7.4pp28.2%within the sector's middle half▲ 10.0pp
Current ratio2.47within the sector's middle half▲ 1.322.25within the sector's middle half▼ 0.221.06within the sector's middle half▼ 1.180.95within the sector's middle half▼ 0.121.09within the sector's middle half▲ 0.14
Return on assets (ROA)42.9%above the sector's middle half▼ 9.9pp12.4%within the sector's middle half▼ 30.5pp23.4%within the sector's middle half▲ 11.0pp38.2%above the sector's middle half▲ 14.8pp45.0%above the sector's middle half▲ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113,932
Fixed assets
€29,222 ▼ 30.8%
Current assets
€84,710 ▲ 16.5%
Equity and liabilities €113,932
Equity
€32,103 ▲ 54.0%
Debt
€81,829 ▼ 13.1%
Debt's share of the balance-sheet total falls from 81.9% to 71.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
159.7%▼
2024 · 210.9%
Debt ≤ 1 year
€77,997▲
2024 · €76,691
Debt > 1 year
€3,433▼
2024 · €16,920
Income taxes
€17,395▲
2024 · €12,628
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,057 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,218 | €10,610 | €13,667 | €13,566 | €14,521 | ▲ 7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €890 | - | - | - | - |
| Other operating charges640/8 | - | €5,622 | €4,575 | €2,416 | €3,043 | ▲ 25.9% |
| Gross operating margin9900 | €32,404 | €39,011 | €65,955 | €74,270 | €87,554 | ▲ 17.9% |
| Operating profit (loss)9901 | €28,806 | €21,889 | €47,714 | €58,288 | €69,990 | ▲ 20.1% |
| Financial income75/76B | - | €1,979 | €3,136 | €1,081 | €969 | ▼ 10.4% |
| Recurring financial income75 | €1,395 | €1,979 | €3,136 | €1,081 | €969 | ▼ 10.4% |
| Financial charges65/66B | - | €2,533 | €3,177 | €2,782 | €2,308 | ▼ 17.0% |
| Recurring financial charges65 | €396 | €2,533 | €3,177 | €2,782 | €2,308 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | €29,805 | €21,335 | €47,673 | €56,588 | €68,651 | ▲ 21.3% |
| Income taxes67/77 | €7,362 | €5,560 | €10,691 | €12,628 | €17,395 | ▲ 37.8% |
| Profit (loss) for the period9904 | €22,443 | €15,775 | €36,982 | €43,960 | €51,256 | ▲ 16.6% |
| Profit (loss) for the period to be appropriated9905 | €22,443 | €15,775 | €36,982 | €43,960 | €51,256 | ▲ 16.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,273 | €127,037 | €157,914 | €114,975 | €113,932 | ▼ 0.9% |
| Fixed assets21/28 | €2,429 | €56,018 | €41,967 | €42,244 | €29,222 | ▼ 30.8% |
| Tangible fixed assets22/27 | €2,429 | €56,018 | €41,967 | €42,244 | €29,222 | ▼ 30.8% |
| Plant, machinery and equipment23 | - | - | - | €1,676 | €1,227 | ▼ 26.8% |
| Furniture and vehicles24 | - | €1,211 | - | €1,434 | €2,120 | ▲ 47.8% |
| Leasing and similar rights25 | - | €54,807 | €41,967 | €29,127 | €16,287 | ▼ 44.1% |
| Other tangible fixed assets26 | - | - | - | €10,006 | €9,589 | ▼ 4.2% |
| Current assets29/58 | €49,844 | €71,019 | €115,948 | €72,731 | €84,710 | ▲ 16.5% |
| Amounts receivable within one year40/41 | €36,390 | €62,631 | €100,479 | €39,477 | €57,597 | ▲ 45.9% |
| Trade receivables40 | - | €20,324 | €47,503 | €24,037 | €41,039 | ▲ 70.7% |
| Other amounts receivable41 | - | €42,307 | €52,976 | €15,440 | €16,558 | ▲ 7.2% |
| Cash at bank and in hand54/58 | €11,259 | €6,750 | €12,751 | €32,403 | €18,173 | ▼ 43.9% |
| Deferred charges and accrued income490/1 | - | €1,639 | €2,718 | €852 | €8,940 | ▲ 950% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,273 | €127,037 | €157,914 | €114,975 | €113,932 | ▼ 0.9% |
| Equity10/15 | €31,629 | €47,405 | €16,887 | €20,847 | €32,103 | ▲ 54.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2,987 | €2,987 | €2,987 | €2,987 | €25,903 | ▲ 767% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | €1,127 | €1,127 | €1,127 | €1,127 | = |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €24,776 | ▲ 1,232% |
| Profit (loss) carried forward14 | €22,443 | €38,218 | €7,700 | €11,660 | €0 | ▼ 100% |
| Amounts payable17/49 | €20,644 | €79,632 | €141,028 | €94,128 | €81,829 | ▼ 13.1% |
| Amounts payable after more than one year17 | - | €47,011 | €31,750 | €16,920 | €3,433 | ▼ 79.7% |
| Financial debts170/4 | - | €47,011 | €31,750 | €16,920 | €3,433 | ▼ 79.7% |
| Amounts payable within one year42/48 | €20,194 | €31,602 | €108,893 | €76,691 | €77,997 | ▲ 1.7% |
| Current portion of amounts payable after more than one year42 | - | €13,813 | €14,213 | €14,830 | €13,482 | ▼ 9.1% |
| Financial debts43 | - | €5,007 | €5,023 | €8,363 | €10,862 | ▲ 29.9% |
| Credit institutions430/8 | - | €5,007 | €5,023 | €8,363 | €10,862 | ▲ 29.9% |
| Trade debts44 | €2,838 | €2,911 | €4,172 | €299 | €2,198 | ▲ 635% |
| Suppliers440/4 | - | €2,911 | €4,172 | €299 | €2,198 | ▲ 635% |
| Taxes, remuneration and social security45 | - | €9,871 | €17,984 | €13,199 | €11,455 | ▼ 13.2% |
| Taxes450/3 | - | €8,775 | €16,184 | €13,199 | €11,455 | ▼ 13.2% |
| Remuneration and social security454/9 | - | €1,096 | €1,800 | €0 | - | - |
| Other amounts payable47/48 | - | - | €67,500 | €40,000 | €40,000 | = |
| Accrued charges and deferred income492/3 | - | €1,020 | €384 | €517 | €400 | ▼ 22.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,443 | €15,775 | €36,982 | €43,960 | €51,256 | ▲ 16.6% |
| + Depreciation and write-downs630 | €1,218 | €10,610 | €13,667 | €13,566 | €14,521 | ▲ 7.0% |
| Operating cash flow (approximation) | €23,661 | €26,385 | €50,649 | €57,526 | €65,778 | ▲ 14.3% |
| Investment in fixed assets (approximation) | - | -€64,199 | €384 | -€13,843 | -€1,500 | ▲ 89.2% |
| Change in cash | - | -€4,510 | €6,002 | €19,651 | -€14,230 | ▼ 172% |
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
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €51,256 ▲16.6%
Operating result €69,990, net result €51,256, both a record.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €15,775 ▼29.7%
Net result drops to €15,775, the lowest in the series; recovery starts the following year.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 2.47
Current ratio from 1.14 to 2.47; short-term debt falls from €44,240 to €20,194.
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Blégny · 1 establishment unit since 2009
Ground area
1,611 m²
Building footprint
266 m²
Volume, LiDAR
2,318 m³
Parcel 62095B0580/00E000, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FDL MANAGEMENT
since 20092.175.552.721
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095B0580/00E000 | Wallonia | 1,611 m² | 1 · 266 m² | 11.2 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 8,996 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
Founded02-01-2009
Fiscal year end30-09
Abbreviation FR
FDL
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808809160
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.