Summary
FDN has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €285,384 and a net result of €36,879. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 8763 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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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 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
1 d early
2022
24 d late
2021
10 d early
2020
11 d late
2019
on the day
← 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 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€285,384▲ 14.8%
2024 · €248,505
Total assets
€962,913▼ 1.3%
2024 · €975,789
Net result
€36,879▼ 29.8%
2024 · €52,563
Working capital
-€125,536▼ 41.2%
2024 · -€88,915
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€25,437▼ 28.6%-€1,025-€1,925▼ 87.7%-€3,605▼ 87.3%-€2,135▲ 40.8%
Net result€7,342within the sector's middle half▼ 34.6%€41,721within the sector's middle half▲ 468%€31,754within the sector's middle half▼ 23.9%€52,563within the sector's middle half▲ 65.5%€36,879within the sector's middle half▼ 29.8%
Equity€122,467within the sector's middle half▲ 6.4%€164,188within the sector's middle half▲ 34.1%€195,942within the sector's middle half▲ 19.3%€248,505within the sector's middle half▲ 26.8%€285,384within the sector's middle half▲ 14.8%
Total assets€895,374within the sector's middle half▼ 0.7%€970,868within the sector's middle half▲ 8.4%€955,997within the sector's middle half▼ 1.5%€975,789within the sector's middle half▲ 2.1%€962,913within the sector's middle half▼ 1.3%
Debt€772,907▼ 1.8%€806,680▲ 4.4%€760,054▼ 5.8%€727,284▼ 4.3%€677,530▼ 6.8%
Working capital-€204,993below the sector's middle half▼ 24.6%-€116,232below the sector's middle half▲ 43.3%-€141,478below the sector's middle half▼ 21.7%-€88,915below the sector's middle half▲ 37.2%-€125,536below the sector's middle half▼ 41.2%
Solvency13.7%below the sector's middle half▲ 0.9pp16.9%below the sector's middle half▲ 3.2pp20.5%below the sector's middle half▲ 3.6pp25.5%below the sector's middle half▲ 5.0pp29.6%within the sector's middle half▲ 4.2pp
Current ratio0.02below the sector's middle half▼ 0.040.41below the sector's middle half▲ 0.390.31below the sector's middle half▼ 0.090.49below the sector's middle half▲ 0.170.36below the sector's middle half▼ 0.12
Return on assets (ROA)0.8%within the sector's middle half▼ 0.4pp4.3%within the sector's middle half▲ 3.5pp3.3%within the sector's middle half▼ 1.0pp5.4%within the sector's middle half▲ 2.1pp3.8%within the sector's middle half▼ 1.6pp
Staff (FTE)0.5below the sector's middle half▼ 68.8%0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,135 in 2025 against €3,605 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €962,913
Fixed assets
€891,000 =
Current assets
€71,913 ▼ 15.2%
Equity and liabilities €962,913
Equity
€285,384 ▲ 14.8%
Debt
€677,530 ▼ 6.8%
Debt's share of the balance-sheet total falls from 74.5% to 70.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.9%▼
2024 · 21.2%
Debt ≤ 1 year
€197,450▲
2024 · €173,704
Debt > 1 year
€480,080▼
2024 · €553,580
Income taxes
€3,688▼
2024 · €5,256
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,199 | €1,040 | €1,135 | €1,172 | ▲ 3.3% |
| Gross operating margin9900 | €53,855 | €174 | -€885 | -€2,470 | -€963 | ▲ 61.0% |
| Operating profit (loss)9901 | €25,437 | -€1,025 | -€1,925 | -€3,605 | -€2,135 | ▲ 40.8% |
| Financial income75/76B | - | €60,000 | €60,001 | €84,151 | €59,994 | ▼ 28.7% |
| Recurring financial income75 | €537 | €60,000 | €60,001 | €84,151 | €59,994 | ▼ 28.7% |
| Financial charges65/66B | - | €13,081 | €23,146 | €22,727 | €17,293 | ▼ 23.9% |
| Recurring financial charges65 | €9,371 | €13,081 | €23,146 | €22,727 | €17,293 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €16,603 | €45,893 | €34,930 | €57,819 | €40,567 | ▼ 29.8% |
| Income taxes67/77 | €9,261 | €4,172 | €3,175 | €5,256 | €3,688 | ▼ 29.8% |
| Profit (loss) for the period9904 | €7,342 | €41,721 | €31,754 | €52,563 | €36,879 | ▼ 29.8% |
| Profit (loss) for the period to be appropriated9905 | €22,099 | €41,721 | €31,754 | €52,563 | €36,879 | ▼ 29.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €895,374 | €970,868 | €955,997 | €975,789 | €962,913 | ▼ 1.3% |
| Fixed assets21/28 | €891,000 | €891,000 | €891,000 | €891,000 | €891,000 | = |
| Financial fixed assets28 | €891,000 | €891,000 | €891,000 | €891,000 | €891,000 | = |
| Current assets29/58 | €4,374 | €79,868 | €64,997 | €84,789 | €71,913 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €506 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,867 | €19,868 | €4,997 | €639 | €11,919 | ▲ 1,764% |
| Deferred charges and accrued income490/1 | - | €60,000 | €60,000 | €84,150 | €59,994 | ▼ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €895,374 | €970,868 | €955,997 | €975,789 | €962,913 | ▼ 1.3% |
| Equity10/15 | €122,467 | €164,188 | €195,942 | €248,505 | €285,384 | ▲ 14.8% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €102,191 | €143,912 | €175,666 | €228,229 | €265,108 | ▲ 16.2% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €141,912 | €173,666 | €228,229 | €265,108 | ▲ 16.2% |
| Profit (loss) carried forward14 | €276 | €276 | €276 | €276 | €276 | = |
| Amounts payable17/49 | €772,907 | €806,680 | €760,054 | €727,284 | €677,530 | ▼ 6.8% |
| Amounts payable after more than one year17 | €563,400 | €610,580 | €553,580 | €553,580 | €480,080 | ▼ 13.3% |
| Financial debts170/4 | - | €610,580 | €553,580 | €553,580 | €480,080 | ▼ 13.3% |
| Amounts payable within one year42/48 | €209,367 | €196,100 | €206,474 | €173,704 | €197,450 | ▲ 13.7% |
| Current portion of amounts payable after more than one year42 | - | €48,000 | €28,000 | €0 | - | - |
| Trade debts44 | €40,180 | - | - | - | - | - |
| Advances received on contracts in progress46 | - | €20,000 | €50,000 | €50,000 | €85,000 | ▲ 70.0% |
| Taxes, remuneration and social security45 | - | €15,353 | €9,309 | €11,470 | €7,967 | ▼ 30.5% |
| Taxes450/3 | - | €15,353 | €9,309 | €11,470 | €7,967 | ▼ 30.5% |
| Other amounts payable47/48 | - | €112,747 | €119,166 | €112,234 | €104,483 | ▼ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,342 | €41,721 | €31,754 | €52,563 | €36,879 | ▼ 29.8% |
| Operating cash flow (approximation) | €7,342 | €41,721 | €31,754 | €52,563 | €36,879 | ▼ 29.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €16,001 | -€14,872 | -€4,357 | €11,280 | ▲ 359% |
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
26-06
State Gazette act
Demerger · Shareholding
Corporate purpose · Other statement
26-06
State Gazette act
Merger · Corporate purpose
Accounting effect · Other statement
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €248,505 ▲26.8%
6 profitable years in a row build equity to €248,505.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
31-03
Financial
Equity above €150,000Eq €164,188 ▲34.1%
4 profitable years in a row build equity to €164,188.
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €7,342 ▼34.6%
Net result drops to €7,342, the lowest in the series; recovery starts the following year.
2020
11-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB 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.
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Directors · office · real estate
Directors
6 acts for this company are 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, Brugge · 1 establishment unit since 2014
Ground area
596 m²
Building footprint
180 m²
Volume, LiDAR
1,540 m³
Parcel 31512B0157/00N005, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FIDUVAL
since 20142.227.442.771
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0157/00N005 | Flanders | 596 m² | 1 · 180 m² | 12.7 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 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
99%
According to the annual accounts to 31-03-2025 of FDN 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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Of 5,712 companies in sector 70100 we hold annual accounts for 3,518. 2,331 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
Founded11-02-2014
Fiscal year end31-03
Activities, NACEBEL 2025
70100Activities of head offices
64210Activities of holding companies
70200Business and other management consultancy
Contact
E-mail
wim@kantoorfeys.be
Phone
050 34 36 00
E-invoicing
Reachable via Peppol
Peppol ID
0208:0545945593
Also
9925:BE0545945593
Registered
30-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.