FG Bros
ActiveFG Bros 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 €2.94B and a net result of €15.71M. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 88% of 2792 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
25 d late
2024
29 d early
2023
20 d late
2022
4 d early
2021
11 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2024, full schema, statutory
Equity
€2.94B▲ 0.5%
2023 · €2.92B
2022: €2.88B
2023: €2.92B
2022 → 2024
Net result
€15.71M▼ 59.7%
2023 · €38.98M
2022: €53.33M
2023: €38.98M
2022 → 2024
Total assets
€3.06B▲ 2.8%
2023 · €2.98B
2022: €2.90B
2023: €2.98B
2022 → 2024
Solvency
96.0%▼ 2.1pp
2023 · 98.2%
2022: 99.4%
2023: 98.2%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€190k-€321k▲ 69.1%€203k▼ 36.8%
Equity€2.88B-€2.92B▲ 1.4%€2.94B▲ 0.5%
Operating result€-2.96M-€-3.52M▼ 19.0%€-6.47M▼ 83.7%
Net result€53.33M-€38.98M▼ 26.9%€15.71M▼ 59.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6.47M in 2024 against €3.52M in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.06B
Fixed assets
€2.73B▼ 4.7%
Current assets
€330.64M▲ 191%
Equity and liabilities €3.06B
Equity
€2.94B▲ 0.5%
Debt
€121.52M▲ 122%
The debt ratio rises from 1.8% to 4.0%: debt grows faster than equity.
Key figures and ratios
Solvency
96.0%▼
2023 · 98.2%
ROE
0.5%▼
2023 · 1.3%
ROA
0.5%▼
2023 · 1.3%
Debt
€121.52M▲
2023 · €54.75M
Debt ≤ 1 year
€13.57M▼
2023 · €14.24M
Debt > 1 year
€105.00M▲
2023 · €40.27M
Income taxes
€-52k▼
2023 · €1.54M
Staff costs
€807k▲
2023 · €739k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.98B€3.06B▲
Fixed assets21/28€2.86B€2.73B▼
Tangible fixed assets22/27€9k€20k▲
Furniture and vehicles24€9k€20k▲
Financial fixed assets28€2.86B€2.73B▼
Affiliated companies280/1€2.24B€2.18B▼
Participating interests280€2.24B€2.18B▼
Companies linked by participating interests282/3€557.06M€543.57M▼
Participating interests282€557.06M€543.57M▼
Other financial fixed assets284/8€69.43M€1.65M▼
Shares284€69.43M€1.65M▼
Amounts receivable and cash guarantees285/8€80€80=
Current assets29/58€113.64M€330.64M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€1.67M€1.65M▼
Stocks30/36€1.67M€1.65M▼
Goods purchased for resale34€1.67M€1.65M▼
Amounts receivable within one year40/41€66.24M€288.14M▲
Trade receivables40€88k€0▼
Other amounts receivable41€66.15M€288.14M▲
Current investments50/53€24.63M€21.98M▼
Other investments51/53€24.63M€21.98M▼
Cash at bank and in hand54/58€20.84M€17.73M▼
Deferred charges and accrued income490/1€260k€1.13M▲
Equity and liabilities
Total equity and liabilities10/49€2.98B€3.06B▲
Equity10/15€2.92B€2.94B▲
Contributions10/11€102.44M€102.44M=
Capital10€55.54M€55.54M=
Issued capital100€55.54M€55.54M=
Outside capital11€46.90M€46.90M=
Share premium1100/10€46.90M€46.90M=
Reserves13€19.30M€19.30M=
Non-distributable reserves130/1€5.55M€5.55M=
Legal reserve130€5.55M€5.55M=
Tax-exempt reserves132€13.35M€13.35M=
Distributable reserves133€399k€399k=
Profit (loss) carried forward14€2.80B€2.81B▲
Amounts payable17/49€54.75M€121.52M▲
Amounts payable after more than one year17€40.27M€105.00M▲
Financial debts170/4€27.77M€105.00M▲
Credit institutions173€21.00M€105.00M▲
Other loans174€6.77M€0▼
Other amounts payable178/9€12.50M€0▼
Amounts payable within one year42/48€14.24M€13.57M▼
Current portion of amounts payable after more than one year42€12.50M€12.50M=
Trade debts44€1.08M€326k▼
Suppliers440/4€1.08M€326k▼
Taxes, remuneration and social security45€657k€348k▼
Taxes450/3€364k€0▼
Remuneration and social security454/9€293k€348k▲
Other amounts payable47/48€0€397k▲
Accrued charges and deferred income492/3€245k€2.95M▲
Income statement
Code20232024
Operating income70/76A€329k€211k▼
Turnover70€321k€203k▼
Other operating income74€8k€8k▲
Operating charges60/66A€3.85M€6.68M▲
Goods for resale, raw materials and consumables60€9k€17k▲
Change in stocks: decrease (increase)609€9k€17k▲
Services and other goods61€3.09M€5.70M▲
Remuneration, social security and pensions62€739k€807k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-22k€-2k▲
Other operating charges640/8€26k€155k▲
Operating profit (loss)9901€-3.52M€-6.47M▼
Financial income75/76B€57.25M€29.35M▼
Recurring financial income75€53.25M€28.98M▼
Income from financial fixed assets750€45.77M€17.86M▼
Income from current assets751€4.93M€6.80M▲
Other financial income752/9€2.55M€4.32M▲
Non-recurring financial income76B€3.99M€373k▼
Financial charges65/66B€13.20M€7.22M▼
Recurring financial charges65€-732k€5.18M▲
Debt charges650€90k€2.09M▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-3.06M€-3.29M▼
Other financial charges652/9€2.24M€6.38M▲
Non-recurring financial charges66B€13.93M€2.04M▼
Profit (loss) for the period before taxes9903€40.53M€15.66M▼
Income taxes67/77€1.54M€-52k▼
Taxes670/3€1.54M€22k▼
Tax adjustments and reversals of tax provisions77€0€74k▲
Profit (loss) for the period9904€38.98M€15.71M▼
Profit (loss) for the period to be appropriated9905€38.98M€15.71M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.80B€2.81B▲
Profit (loss) brought forward from the previous period14P€2.76B€2.80B▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90874.63.9▼
The notes to these accounts (78 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated · 25 days late
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 20 days late
2024
31-12
Financial
Weakest financial yearnet €15.71M ▼59.7%
Net result drops to €15.71M, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 24.36
Current ratio from 7.98 to 24.36; short-term debt falls from €14.24M to €13.57M.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 directors, no change since 2025
Ian Gallienne
CurrentDirector · since 02-05-2025
Jacques Peters
CurrentDirector · since 01-02-2025
Jean-Baptiste de Franssu
CurrentDirector · since 29-01-2024
Gerardo Braggiotti
CurrentDirector · since 31-07-2021
Khaled Said
CurrentDirector · since 31-07-2021
02-05-2025
Ian Gallienne: Appointed as Director
01-02-2025
Jacques Peters: Appointed as Director
29-01-2024
Jean-Baptiste de Franssu: Appointed as Director
31-07-2021
Gerardo Braggiotti: Appointed as Director
31-07-2021
Khaled Said: Appointed as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marnixlaan 241000 BrusselGround area
1.0 ha
Building footprint
4,485 m²
Volume, LiDAR
149,111 m³
Parcel 21805E0512/00G000, Brussels · tallest building 37.0 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
FG Bros
since 20212.330.634.341
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0512/00G000 | Brussels | 1.0 ha | 1 · 4,485 m² | 37.0 m · 11 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Group per the LEI register
3 subsidiaries, 1 abroadRecognitions · licences · registrations
Legal Entity Identifier
549300NV5N7L73A65840
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-04-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.