FGL
ActiveSummary
The computed 12-month bankruptcy probability of FGL is 2.3% (moderate). The 2024 annual accounts show negative equity (-€55,135) and a net result of -€590. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 26049 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,940 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €279,605 | €238,881 | €1,846 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,849 | €13,106 | €13,446 | €3,261 | - | - |
| Other operating charges640/8 | - | €970 | €365 | €403 | €255 | ▼ 36.6% |
| Gross operating margin9900 | €311,696 | €243,203 | €278,745 | €197 | -€303 | ▼ 254% |
| Operating profit (loss)9901 | €32,184 | -€50,478 | €26,053 | -€5,313 | -€558 | ▲ 89.5% |
| Financial income75/76B | - | €201 | €3 | €2 | - | - |
| Recurring financial income75 | €1 | €201 | €3 | €2 | - | - |
| Financial charges65/66B | - | €3,125 | €1,896 | €589 | €32 | ▼ 94.5% |
| Recurring financial charges65 | €931 | €3,125 | €1,896 | €589 | €32 | ▼ 94.5% |
| Profit (loss) for the period before taxes9903 | €31,253 | -€53,401 | €24,160 | -€5,900 | -€590 | ▲ 90.0% |
| Income taxes67/77 | - | - | €7,085 | - | - | - |
| Profit (loss) for the period9904 | €31,253 | -€53,401 | €17,075 | -€5,900 | -€590 | ▲ 90.0% |
| Profit (loss) for the period to be appropriated9905 | €31,253 | -€53,401 | €17,075 | -€5,900 | -€590 | ▲ 90.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,322 | €64,223 | €71,191 | €87 | €103 | ▲ 17.6% |
| Fixed assets21/28 | €27,425 | €16,708 | €3,261 | - | - | - |
| Tangible fixed assets22/27 | €27,425 | €16,708 | €3,261 | - | - | - |
| Plant, machinery and equipment23 | - | €3,454 | €1,727 | - | - | - |
| Furniture and vehicles24 | - | €13,254 | €1,535 | - | - | - |
| Current assets29/58 | €46,896 | €47,516 | €67,929 | €87 | €103 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €29,227 | €9,014 | €15,638 | €87 | €103 | ▲ 17.6% |
| Trade receivables40 | - | €2,730 | €15,477 | - | - | - |
| Other amounts receivable41 | - | €6,284 | €161 | €87 | €103 | ▲ 17.6% |
| Cash at bank and in hand54/58 | €17,669 | €38,502 | €52,291 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,322 | €64,223 | €71,191 | €87 | €103 | ▲ 17.6% |
| Equity10/15 | -€12,318 | -€65,720 | -€48,645 | -€54,545 | -€55,135 | ▼ 1.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€32,778 | -€86,180 | -€69,105 | -€75,005 | -€75,595 | ▼ 0.8% |
| Amounts payable17/49 | €86,640 | €129,943 | €119,835 | €54,632 | €55,237 | ▲ 1.1% |
| Amounts payable after more than one year17 | €11,196 | €31,478 | €16,640 | - | - | - |
| Financial debts170/4 | - | €31,478 | €16,640 | - | - | - |
| Amounts payable within one year42/48 | €75,444 | €98,465 | €103,195 | €54,632 | €55,237 | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €14,512 | €14,837 | - | - | - |
| Financial debts43 | - | - | - | €54 | €91 | ▲ 66.9% |
| Credit institutions430/8 | - | - | - | €54 | €91 | ▲ 66.9% |
| Trade debts44 | €30,631 | €6,925 | €33,500 | €36,727 | €23,628 | ▼ 35.7% |
| Suppliers440/4 | - | €6,925 | €33,500 | €36,727 | €23,628 | ▼ 35.7% |
| Taxes, remuneration and social security45 | - | €77,028 | €50,553 | - | - | - |
| Taxes450/3 | - | €11,144 | €19,220 | - | - | - |
| Remuneration and social security454/9 | - | €65,885 | €31,333 | - | - | - |
| Other amounts payable47/48 | - | - | €4,305 | €17,851 | €31,519 | ▲ 76.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,253 | -€53,401 | €17,075 | -€5,900 | -€590 | ▲ 90.0% |
| + Depreciation and write-downs630 | €12,849 | €13,106 | €13,446 | €3,261 | - | - |
| Operating cash flow (approximation) | €44,103 | -€40,295 | €30,521 | -€2,639 | -€590 | ▲ 77.6% |
| Investment in fixed assets (approximation) | - | -€2,388 | €0 | - | - | - |
| Change in cash | - | €20,833 | €13,789 | - | - | - |
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
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62809B0177/00F005 | Wallonia | 1,759 m² | 1 · 9,111 m² | - |
| 31333H0071/00A000 | Flanders | 321 m² | 1 · 316 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
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