Equity
€39,247 from €455,453 in 2020
Equity fell by 91% in 5 years.
FDVH
Lifetime
6 annual accounts with figures on one time axispeak €119,449 (2022)
€18,077▲ 13.1%
lowest -€17,512 (2020)
-€9,436▼ €5,976
peak €455,453 (2020)
€39,247▼ 70.3%
€228,230▼ 1.7%
Board2 names since 2020
2 directorsCORTEN François Paul Jean and 1 other
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Gross margin from €15,989 to €18,077Loss of €9,436Registered office moved within Verviers 20-05Dividend €83,668Equity from €132,351 to €39,247Cash from €100,957 to €16,327
Key points
from the 2025 annual accountsLosses
-€23,140 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €140,000 estimated
The accounts state no turnover.
Debts
€228,230 85% of the balance sheet
Financial debts 49%Suppliers 1%Taxes and wages 0%Other 50%
Of this, €101,602 falls due within a year.
Liquidity
0.17 was 4.17 in 2024
Short-term debts rose from €24,526 to €101,602.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 13 to 50 days before the end of the period.
Checked score
65
Healthy
Financially stronger than 18% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.5 percentage points vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.3%▼ -0.3 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%▲ +0.5 percentage points vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.1%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.9%▼ -0.2 percentage points vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €267,477
No main activity registered
Figures for financial year 2025 (filed on 11-06-2026)
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 (no NACE code, micro). It does better than 25% of them on solvency, 23% on liquidity, 19% on profitability and 7% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,548 companies had the same profile as FDVH has now. Each dot stands for 4 companies, two years later.
91.3%
were still trading
3.9%
stopped another way
4.3%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FDVH itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,548 companies, not a prediction for FDVH. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.17 (4.17 in 2024), below 1. Short-term debt is 38% and cash 6.1% of total assets. 85.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€9,436
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
50 days early
2024
30 days early
2023
34 days early
2022
13 days early
2021
16 days early
2020
5 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 25 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- THEATE Dominique 51 sharesdeed of 29-07-2020
- CORTEN François 49 sharesdeed of 29-07-2020
- THEATE Dominique Noëlle Henriette Ghislaine 51 sharesdeed of 29-07-2020
Recent changes
Registered office moved within Verviers
New registered office: Avenue Edouard Cordonnier 68 à 4800 Verviers · Previous registered office: Avenue Edouard Cordonnier 125B, 4800 Verviers · General meeting of 01-01-2025 · Gazette deed
Incorporation
Founding capital of €523,398.03, 100 shares · Demerger: CTO splits off to FDVH · Appointments: THEATE Dominique Noëlle Henriette Ghislaine (director) and CORTEN François Paul Jean (director) · published on 29-07-2020 · Gazette deed
First establishment
Avenue Edouard Cordonnier 68, Verviers
Official details
Source: KBO- Status
- Active since 27-07-2020Normal situation
- Activity
- “Au conseil en organisation et gestion d’entreprises,notamment dans les domaines de la stratégie,du développement…” (deed in French)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.371.370.8764800 Verviers, since 27-07-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €267,477▼ 26.6%
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on FDVH
FDVH files the micro format. That format states no turnover. The gross margin fell from €24,304 in 2020 to €18,077 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FDVH
- What is the company number of FDVH?
- The company number of FDVH is 0751.510.666. The VAT number is the same number with BE in front: BE 0751.510.666.
- Where is FDVH based?
- The registered office is at Avenue Edouard Cordonnier 68, 4800 Verviers.Company details
- What is the legal form of FDVH?
- FDVH is a private limited company (BV).
- When was FDVH founded?
- FDVH was founded on 27-07-2020.
- Is FDVH still active?
- Yes, FDVH is an active enterprise in the KBO register.
- What is the turnover of FDVH?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €18,077 and 6,299 comparable companies of the same size. It probably lies between €63,000 and €330,000. It is a rough estimate.Financials
- Is FDVH profitable?
- In financial year 2025, FDVH made a loss of €9,436.
- Where can I find the annual accounts of FDVH?
- FDVH filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FDVH due?
- FDVH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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