FG4 GROUP

Active

Private limited companyfounded 20224 yrs activeMerelstraat 10, 8850 Ardooie, BelgiumKBO/BCE: BE 0789.423.315

The computed 12-month bankruptcy probability of FG4 GROUP is 3.0% (moderate). The 2025 annual accounts show equity of €35k and a net result of €38. Equity is growing by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 4488 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

55 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▼-31

Solvency67▲+3

Growth78=

Track record94

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity tight (current ratio 1.21 against 1.1 in 2024; short-term debt: 57.7% and cash: 14.6% of total assets), and 57.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

42.3%

Return on assets

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filings

Deviation from the deadline

2025

31 d late

2024

12 d late

2023

29 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€122k

EBIT margin

21.2%

Net result

€38▼ 99.9%

2024 · €25k

2023: €-10k 2024: €25k

2023 → 2025

Working capital

€10k▲ 76.1%

2024 · €6k

2023: €-34k 2024: €6k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Turnover€122k

Equity€10k-€35k▲ 266%€35k▲ 0.1%

Operating result€-10k-€26k€5k▼ 79.9%

Net result€-10k-€25k€38▼ 99.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 80% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €83k

30.4%

69.6%

Fixed assets €25k▼ 14.3%

Current assets €58k▼ 4.7%

Equity and liabilities €83k

42.3%

57.7%

Equity €35k▲ 0.1%

Debt €48k▼ 12.9%

The debt ratio falls from 61.1% to 57.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€19k▼

2024 · €40k

Cash flow

€14k▼

2024 · €40k

Solvency

42.3%▲

2024 · 38.9%

Current ratio

1.21▲

2024 · 1.10

Quick ratio

1.21▲

2024 · 1.10

Debt / equity

1.36▼

2024 · 1.57

ROE

0.1%▼

2024 · 72.7%

ROA

0.0%▼

2024 · 28.3%

Interest coverage

12.29▼

2024 · 112.92

Debt

€48k▼

2024 · €55k

Debt ≤ 1 year

€48k▼

2024 · €55k

Income taxes

€4k

Staff costs

€90k▲

2024 · €21k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€90k€83k▼

Fixed assets21/28€29k€25k▼

Tangible fixed assets22/27€20k€6k▼

Furniture and vehicles24€20k€6k▼

Financial fixed assets28€9k€19k▲

Current assets29/58€61k€58k▼

Amounts receivable within one year40/41€54k€46k▼

Trade receivables40€32k€33k▲

Other amounts receivable41€22k€13k▼

Cash at bank and in hand54/58€7k€12k▲

Equity and liabilities

Total equity and liabilities10/49€90k€83k▼

Equity10/15€35k€35k▲

Contributions10/11€20k€20k=

Profit (loss) carried forward14€15k€15k▲

Amounts payable17/49€55k€48k▼

Amounts payable within one year42/48€55k€48k▼

Financial debts43€147€147=

Credit institutions430/8€147€147=

Trade debts44€12k€13k▲

Suppliers440/4€12k€13k▲

Advances received on contracts in progress46€3k-

Taxes, remuneration and social security45€20k€35k▲

Taxes450/3€18k€22k▲

Remuneration and social security454/9€2k€13k▲

Other amounts payable47/48€20k-

Income statement Code20242025

Turnover70€122k-

Goods, raw materials, services and sundry goods60/61€57k-

Remuneration, social security and pensions62€21k€90k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼

Other operating charges640/8€3k€631▼

Gross operating margin9900€64k€110k▲

Operating profit (loss)9901€26k€5k▼

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€356€2k▲

Recurring financial charges65€356€2k▲

Profit (loss) for the period before taxes9903€25k€4k▼

Income taxes67/77-€4k

Profit (loss) for the period9904€25k€38▼

Profit (loss) for the period to be appropriated9905€25k€38▼

Appropriation of the result

Profit (loss) to be appropriated9906€15k€15k▲

Profit (loss) brought forward from the previous period14P€-10k€15k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

12-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 12 days late

2024

31-12

Financial Back to profitnet €25k

Net result €25k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 1.10

Current ratio from 0.40 to 1.10; short-term debt falls from €57k to €55k.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Ardooie · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Merelstraat 108850 Ardooie

Ground area

453 m²

Building footprint

86 m²

Volume, LiDAR

440 m³

Parcel 36001E1156/00Z000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

FG4 GROUP

Merelstraat 10, 8850 ArdooieAgents in non-specialised wholesale trade

since 20222.334.142.375

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36001E1156/00Z000	Flanders	453 m²	1 · 86 m²	8.2 m · 2 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.

Recognitions · licences · registrations

Parcel delivery

Notified to the BIPT

since 01-05-2024

Similar companies · same sector, comparable size

Merelbeke-Melle · Eq €35k

Of 12,606 companies in sector 49410 we hold annual accounts for 8,195. 5,690 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-08-2022

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

49310Scheduled passenger transport by road

49320Non-scheduled passenger transport by road

49330On-demand passenger transport by chauffeured vehicle

49420Removal services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.