Summary
FG is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €451,291 and a net result of €109,344. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 9866 sector peers (fiscal year 2024). The company has been active since 2004 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
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9866 sector peers (2024).
NBB · sector comparisonPosition among 9866 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
43 d early
2022
26 d early
2021
30 d late
2020
31 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 6 accounts on average 4 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€451,291▲ 32.0%
2023 · €341,947
Net result
€109,344▲ 985%
2023 · €10,082
Total assets
€4.0m▲ 0.1%
2023 · €4.0m
Solvency
11.3%▲ 2.7pp
2023 · 8.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€3,157€24,578-€4,905€64,846-€16,554
Net result-€3,305below the sector's middle half€17,165within the sector's middle half€6,831within the sector's middle half▼ 60.2%€10,082within the sector's middle half▲ 47.6%€109,344above the sector's middle half▲ 985%
Equity€307,869within the sector's middle half▼ 1.1%€325,034within the sector's middle half▲ 5.6%€331,865within the sector's middle half▲ 2.1%€341,947within the sector's middle half▲ 3.0%€451,291above the sector's middle half▲ 32.0%
Total assets€365,243within the sector's middle half▼ 2.7%€330,403within the sector's middle half▼ 9.5%€2.2mabove the sector's middle half▲ 579%€4.0mabove the sector's middle half▲ 77.2%€4.0mabove the sector's middle half▲ 0.1%
Debt€57,374▼ 10.5%€5,369▼ 90.6%€1.9m▲ 35,478%€3.6m▲ 90.1%€3.5m▼ 2.9%
Working capital€307,869▼ 0.7%€325,034▲ 5.6%€536,442▲ 65.0%€2.0m▲ 271%€2.0m▲ 1.7%
Solvency84.3%above the sector's middle half▲ 1.4pp98.4%above the sector's middle half▲ 14.1pp14.8%below the sector's middle half▼ 83.6pp8.6%below the sector's middle half▼ 6.2pp11.3%below the sector's middle half▲ 2.7pp
Staff (FTE)0.8within the sector's middle half▲ 14.3%0.7▼ 12.5%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16,554 after €64,846 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.0m
Fixed assets
€61,840 ▼ 68.4%
Current assets
€3.9m ▲ 3.7%
Equity and liabilities €4.0m
Equity
€451,291 ▲ 32.0%
Debt
€3.5m ▼ 2.9%
Debt's share of the balance-sheet total falls from 91.4% to 88.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.2%▲
2023 · 2.9%
ROA
2.7%▲
2023 · 0.3%
Debt ≤ 1 year
€1.9m▲
2023 · €1.8m
Debt > 1 year
€1.6m▼
2023 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,989 | - |
| Remuneration, social security and pensions62 | - | €27,569 | €71 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,106 | - | €1,732 | €3,713 | €5,579 | ▲ 50.3% |
| Other operating charges640/8 | - | €1,782 | €5,482 | €27,867 | €2,396 | ▼ 91.4% |
| Non-recurring operating charges66A | - | - | - | - | €16,974 | - |
| Gross operating margin9900 | €27,096 | €53,929 | €2,380 | €96,426 | €8,395 | ▼ 91.3% |
| Operating profit (loss)9901 | -€3,157 | €24,578 | -€4,905 | €64,846 | -€16,554 | ▼ 126% |
| Financial income75/76B | - | - | €20,595 | €8,621 | €210,160 | ▲ 2,338% |
| Recurring financial income75 | - | - | €20,595 | €8,621 | €210,160 | ▲ 2,338% |
| Financial charges65/66B | - | €3,800 | €6,231 | €61,122 | €84,262 | ▲ 37.9% |
| Recurring financial charges65 | €148 | €3,800 | €6,231 | €61,122 | €84,262 | ▲ 37.9% |
| Profit (loss) for the period before taxes9903 | -€3,305 | €20,778 | €9,459 | €12,345 | €109,344 | ▲ 786% |
| Income taxes67/77 | - | €3,613 | €2,628 | €2,263 | - | - |
| Profit (loss) for the period9904 | -€3,305 | €17,165 | €6,831 | €10,082 | €109,344 | ▲ 985% |
| Profit (loss) for the period to be appropriated9905 | -€3,305 | €17,165 | €6,831 | €10,082 | €109,344 | ▲ 985% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,243 | €330,403 | €2.2m | €4.0m | €4.0m | ▲ 0.1% |
| Fixed assets21/28 | - | - | €130,319 | €195,603 | €61,840 | ▼ 68.4% |
| Tangible fixed assets22/27 | - | - | €14,319 | €70,303 | €61,840 | ▼ 12.0% |
| Plant, machinery and equipment23 | - | - | €6,923 | €18,366 | €3,860 | ▼ 79.0% |
| Furniture and vehicles24 | - | - | €7,396 | €51,937 | €14,623 | ▼ 71.8% |
| Other tangible fixed assets26 | - | - | - | - | €43,357 | - |
| Financial fixed assets28 | - | - | €116,000 | €125,300 | - | - |
| Current assets29/58 | €365,243 | €330,403 | €2.1m | €3.8m | €3.9m | ▲ 3.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €255,044 | - |
| Other amounts receivable291 | - | - | - | - | €255,044 | - |
| Stocks and contracts in progress3 | €59,999 | €37,000 | €2.0m | €2.2m | €2.8m | ▲ 25.2% |
| Stocks30/36 | - | €37,000 | €2.0m | €2.2m | €2.8m | ▲ 25.2% |
| Amounts receivable within one year40/41 | €263,735 | €226,541 | €61,249 | €601,698 | €84,907 | ▼ 85.9% |
| Trade receivables40 | - | €6,541 | €19,579 | €44,586 | €40,393 | ▼ 9.4% |
| Other amounts receivable41 | - | €220,000 | €41,670 | €557,112 | €44,514 | ▼ 92.0% |
| Cash at bank and in hand54/58 | €41,509 | €64,737 | €91,500 | €973,599 | €819,548 | ▼ 15.8% |
| Deferred charges and accrued income490/1 | - | €2,125 | €1,503 | €592 | €1,256 | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,243 | €330,403 | €2.2m | €4.0m | €4.0m | ▲ 0.1% |
| Equity10/15 | €307,869 | €325,034 | €331,865 | €341,947 | €451,291 | ▲ 32.0% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €26,855 | €26,855 | €26,855 | €26,855 | €26,855 | = |
| Distributable reserves133 | - | €26,855 | €26,855 | €26,855 | €26,855 | = |
| Profit (loss) carried forward14 | €262,464 | €279,629 | €286,460 | €296,542 | €405,886 | ▲ 36.9% |
| Amounts payable17/49 | €57,374 | €5,369 | €1.9m | €3.6m | €3.5m | ▼ 2.9% |
| Amounts payable after more than one year17 | - | - | €334,896 | €1.8m | €1.6m | ▼ 10.4% |
| Financial debts170/4 | - | - | €334,896 | €1.8m | €1.6m | ▼ 10.4% |
| Amounts payable within one year42/48 | €57,374 | €5,369 | €1.6m | €1.8m | €1.9m | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | €30,218 | €31,088 | €31,979 | ▲ 2.9% |
| Financial debts43 | - | - | €1.5m | €1.4m | €1.8m | ▲ 23.3% |
| Credit institutions430/8 | - | - | €1.5m | €1.4m | €1.8m | ▲ 23.3% |
| Trade debts44 | €1,295 | €1,677 | €36,464 | €91,043 | €84,589 | ▼ 7.1% |
| Suppliers440/4 | - | €1,677 | €36,464 | €91,043 | €84,589 | ▼ 7.1% |
| Taxes, remuneration and social security45 | - | €3,692 | €2,628 | €29,472 | €17,885 | ▼ 39.3% |
| Taxes450/3 | - | €3,692 | €2,628 | €17,472 | €13,885 | ▼ 20.5% |
| Remuneration and social security454/9 | - | - | - | €12,000 | €4,000 | ▼ 66.7% |
| Other amounts payable47/48 | - | - | - | €211,420 | €110 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | €18,015 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,305 | €17,165 | €6,831 | €10,082 | €109,344 | ▲ 985% |
| + Depreciation and write-downs630 | €1,106 | - | €1,732 | €3,713 | €5,579 | ▲ 50.3% |
| Operating cash flow (approximation) | -€2,199 | €17,165 | €8,563 | €13,795 | €114,923 | ▲ 733% |
| Investment in fixed assets (approximation) | - | - | - | -€68,997 | €128,184 | ▲ 286% |
| Change in cash | - | €23,228 | €26,763 | €882,099 | -€154,051 | ▼ 117% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €109,344 ▲985%
Net result €109,344, the highest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €17,165
Net result €17,165 after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 61.54
Current ratio from 6.37 to 61.54; short-term debt falls from €57,374 to €5,369.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€3,305
Net result drops to -€3,305, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Sint-Martens-Latem · 1 establishment unit since 2004
Ground area
777 m²
Building footprint
223 m²
Volume, LiDAR
1,343 m³
Parcel 44015B0596/00W000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FG
since 20042.138.030.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015B0596/00W000 | Flanders | 777 m² | 1 · 223 m² | 9.2 m · 2 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
2 holdingsOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the 2023 annual accounts of FG 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 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,679 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
Founded30-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
68110Buying and selling of own real estate
82990Other business support services
Contact
E-mail
info@fgporsche.com
Phone
0494911911
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866063807
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.