FG-Software
ActiveSummary
The annual accounts of FG-Software for fiscal year 2024 show a net loss of 63% of the equity at the start of that year. The 2024 annual accounts show equity of €42,080 and a net result of -€73,030. Equity is shrinking by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 2833 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability8▼-71
Solvency41▼-32
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.38 against 4.25 in 2023; short-term debt: 50.6% and cash: 10.9% of total assets), and 84.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.7%
Return on assets
-27.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
40 d early
2022
28 d early
2021
38 d early
2020
37 d early
2019
13 d late
← 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 28 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€42,080▼ 63.4%
2023 · €115,110
Total assets
€267,491▲ 10.6%
2023 · €241,932
Net result
-€73,030
2023 · €20,689
Working capital
-€84,079
2023 · €133,599
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20202021202220232024
Operating result-€140,334€31,131€13,882▼ 55.4%€26,451▲ 90.5%-€67,393
Net result-€143,529below the sector's middle half€25,634within the sector's middle half€10,167within the sector's middle half▼ 60.3%€20,689within the sector's middle half▲ 103%-€73,030below the sector's middle half
Equity€58,620within the sector's middle half▼ 71.0%€84,254within the sector's middle half▲ 43.7%€94,421within the sector's middle half▲ 12.1%€115,110within the sector's middle half▲ 21.9%€42,080within the sector's middle half▼ 63.4%
Total assets€326,801within the sector's middle half▲ 34.6%€428,950within the sector's middle half▲ 31.3%€334,857within the sector's middle half▼ 21.9%€241,932within the sector's middle half▼ 27.8%€267,491within the sector's middle half▲ 10.6%
Debt€268,181▲ 559%€344,696▲ 28.5%€240,436▼ 30.2%€126,821▼ 47.3%€225,411▲ 77.7%
Working capital€97,366▼ 51.8%€235,728▲ 142%€184,809▼ 21.6%€133,599▼ 27.7%-€84,079
Solvency17.9%within the sector's middle half▼ 65.3pp19.6%within the sector's middle half▲ 1.7pp28.2%within the sector's middle half▲ 8.6pp47.6%within the sector's middle half▲ 19.4pp15.7%within the sector's middle half▼ 31.8pp
Staff (FTE)1.2below the sector's middle half▼ 70.0%1below the sector's middle half▼ 16.7%1below the sector's middle half=2within the sector's middle half▲ 100%3.9within the sector's middle half▲ 95.0%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 turns negative in 2024: a loss of €67,393 after €26,451 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €267,491
Fixed assets
€216,105 ▲ 222%
Current assets
€51,386 ▼ 70.6%
Equity and liabilities €267,491
Equity
€42,080 ▼ 63.4%
Debt
€225,411 ▲ 77.7%
Debt's share of the balance-sheet total rises from 52.4% to 84.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,455▼
2023 · €77,202
Cash flow
-€182▼
2023 · €71,440
Current ratio
0.38▼
2023 · 4.25
Debt to equity
5.36▲
2023 · 1.10
ROE
-173.6%▼
2023 · 18.0%
ROA
-27.3%▼
2023 · 8.6%
Interest coverage
1.01▼
2023 · 13.46
Debt ≤ 1 year
€135,465▲
2023 · €41,159
Debt > 1 year
€89,946▲
2023 · €85,663
Income taxes
€226▲
2023 · €34
Staff costs
€300,192▲
2023 · €130,476
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,295 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €51,125 | €59,205 | €130,476 | €300,192 | ▲ 130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,516 | €50,000 | €50,000 | €50,751 | €72,848 | ▲ 43.5% |
| Other operating charges640/8 | - | €603 | €669 | €651 | €663 | ▲ 1.8% |
| Gross operating margin9900 | -€38,374 | €132,859 | €123,757 | €208,329 | €306,310 | ▲ 47.0% |
| Operating profit (loss)9901 | -€140,334 | €31,131 | €13,882 | €26,451 | -€67,393 | ▼ 355% |
| Financial income75/76B | - | €98 | €0 | €5 | €1 | ▼ 83.2% |
| Recurring financial income75 | - | €98 | €0 | €5 | €1 | ▼ 83.2% |
| Financial charges65/66B | - | €5,595 | €3,715 | €5,734 | €5,412 | ▼ 5.6% |
| Recurring financial charges65 | €2,835 | €5,595 | €3,715 | €5,734 | €5,412 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | -€143,168 | €25,634 | €10,167 | €20,723 | -€72,805 | ▼ 451% |
| Income taxes67/77 | €361 | €0 | - | €34 | €226 | ▲ 570% |
| Profit (loss) for the period9904 | -€143,529 | €25,634 | €10,167 | €20,689 | -€73,030 | ▼ 453% |
| Profit (loss) for the period to be appropriated9905 | -€143,529 | €25,634 | €10,167 | €20,689 | -€73,030 | ▼ 453% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €326,801 | €428,950 | €334,857 | €241,932 | €267,491 | ▲ 10.6% |
| Fixed assets21/28 | €211,484 | €161,484 | €111,484 | €67,174 | €216,105 | ▲ 222% |
| Intangible fixed assets21 | €211,484 | €161,484 | €111,484 | €61,484 | €211,809 | ▲ 244% |
| Tangible fixed assets22/27 | - | - | - | €5,690 | €4,296 | ▼ 24.5% |
| Furniture and vehicles24 | - | - | - | €5,690 | €4,296 | ▼ 24.5% |
| Current assets29/58 | €115,317 | €267,466 | €223,373 | €174,757 | €51,386 | ▼ 70.6% |
| Amounts receivable within one year40/41 | €92,867 | €223,493 | €161,538 | €138,719 | €19,520 | ▼ 85.9% |
| Trade receivables40 | - | €191,251 | €161,538 | €136,382 | €5,447 | ▼ 96.0% |
| Other amounts receivable41 | - | €32,242 | €0 | €2,337 | €14,073 | ▲ 502% |
| Cash at bank and in hand54/58 | €22,451 | €43,973 | €61,835 | €31,372 | €29,086 | ▼ 7.3% |
| Deferred charges and accrued income490/1 | - | - | - | €4,666 | €2,779 | ▼ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €326,801 | €428,950 | €334,857 | €241,932 | €267,491 | ▲ 10.6% |
| Equity10/15 | €58,620 | €84,254 | €94,421 | €115,110 | €42,080 | ▼ 63.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €52,420 | €78,054 | €88,221 | €108,910 | €35,880 | ▼ 67.1% |
| Distributable reserves133 | - | €78,054 | €88,221 | €108,910 | €35,880 | ▼ 67.1% |
| Amounts payable17/49 | €268,181 | €344,696 | €240,436 | €126,821 | €225,411 | ▲ 77.7% |
| Amounts payable after more than one year17 | €234,000 | €283,466 | €148,574 | €85,663 | €89,946 | ▲ 5.0% |
| Financial debts170/4 | - | €283,466 | €148,574 | €85,663 | €89,946 | ▲ 5.0% |
| Amounts payable within one year42/48 | €17,952 | €31,738 | €38,564 | €41,159 | €135,465 | ▲ 229% |
| Trade debts44 | €17,501 | €22,391 | €20,253 | €25,674 | €20,970 | ▼ 18.3% |
| Suppliers440/4 | - | €22,391 | €20,253 | €25,674 | €20,970 | ▼ 18.3% |
| Taxes, remuneration and social security45 | - | €9,347 | €18,311 | €15,485 | €33,619 | ▲ 117% |
| Taxes450/3 | - | €451 | €11,311 | €34 | €355 | ▲ 954% |
| Remuneration and social security454/9 | - | €8,897 | €7,000 | €15,451 | €33,264 | ▲ 115% |
| Other amounts payable47/48 | - | - | - | - | €80,876 | - |
| Accrued charges and deferred income492/3 | - | €29,492 | €53,298 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€143,529 | €25,634 | €10,167 | €20,689 | -€73,030 | ▼ 453% |
| + Depreciation and write-downs630 | €38,516 | €50,000 | €50,000 | €50,751 | €72,848 | ▲ 43.5% |
| Operating cash flow (approximation) | -€105,013 | €75,634 | €60,167 | €71,440 | -€182 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,441 | -€221,779 | ▼ 3,343% |
| Change in cash | - | €21,522 | €17,862 | -€30,462 | -€2,286 | ▲ 92.5% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100,000Eq €115,110 ▲21.9%
3 profitable years in a row build equity to €115,110.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €25,634
Net result €25,634 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€143,529
Net result drops to -€143,529, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
31-12
Financial
Equity above €200,000Eq €202,149 ▲6%
2 profitable years in a row build equity to €202,149.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
14-01
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 11 acts read
About the unread acts
We know of 11 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
11 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, Temse · 1 establishment unit since 2009
Ground area
2,540 m²
Building footprint
917 m²
Volume, LiDAR
7,563 m³
Parcel 46025B1190/00R003, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
FG-Software
since 20092.177.745.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00R003 | Flanders | 2,540 m² | 1 · 917 m² | 9.6 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 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,699 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
Founded23-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810589507
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.