FGL Solutions
BankruptcySummary
The KBO register records for FGL Solutions the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €12,702 and a net result of €7,313.
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Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 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
not confirmed
2024
not filed
2023
68 d late
2022
53 d early
2021
53 d early
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Advertising agencies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€73,451▲ 74.8%
2019 · €42,023
EBIT margin
28.6%▲ 7.6pp
2019 · 21.0%
Net result
€7,313
2022 · -€30,556
Working capital
€8,505
2022 · -€8,004
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20192020202120222023
Turnover€42,023-€73,451▲ 74.8%
Operating result€8,826-€20,989▲ 138%€13,374▼ 36.3%-€29,361€10,937
Net result€8,791-€12,811within the sector's middle half▲ 45.7%€9,342within the sector's middle half▼ 27.1%-€30,556below the sector's middle half€7,313within the sector's middle half
EBIT margin21.0%-28.6%▲ 7.6pp
Equity€13,791-€26,602within the sector's middle half▲ 92.9%€35,944within the sector's middle half▲ 35.1%€5,389below the sector's middle half▼ 85.0%€12,702below the sector's middle half▲ 136%
Total assets€18,696-€40,673below the sector's middle half▲ 118%€48,060below the sector's middle half▲ 18.2%€55,802below the sector's middle half▲ 16.1%€36,670below the sector's middle half▼ 34.3%
Debt€4,904-€14,071▲ 187%€12,116▼ 13.9%€50,413▲ 316%€23,968▼ 52.5%
Working capital€8,322-€20,736▲ 149%€18,010▼ 13.1%-€8,004€8,505
Solvency73.8%-65.4%within the sector's middle half▼ 8.4pp74.8%within the sector's middle half▲ 9.4pp9.7%below the sector's middle half▼ 65.1pp34.6%within the sector's middle half▲ 25.0pp
Staff (FTE)1.62▲ 25.0%2.3▲ 15.0%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €10,937 after a loss of €29,361 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €36,670
Fixed assets
€4,197 ▼ 68.7%
Current assets
€32,474 ▼ 23.4%
Equity and liabilities €36,670
Equity
€12,702 ▲ 136%
Debt
€23,968 ▼ 52.5%
Debt's share of the balance-sheet total falls from 90.3% to 65.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,981▲
2022 · -€19,799
Cash flow
€15,357▲
2022 · -€20,994
Current ratio
1.35▲
2022 · 0.84
Quick ratio
0.65▲
2022 · 0.47
Debt to equity
1.89▼
2022 · 9.36
ROE
57.6%▲
2022 · -567.1%
ROA
19.9%▲
2022 · -54.8%
Interest coverage
10.15▲
2022 · -18.86
Debt ≤ 1 year
€23,968▼
2022 · €50,413
Income taxes
€1,762▲
2022 · €293
Staff costs
€31,677▼
2022 · €48,151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €42,023 | €73,451 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €16,978 | €48,151 | €31,677 | ▼ 34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €231 | €4,103 | €8,292 | €9,562 | €8,044 | ▼ 15.9% |
| Other operating charges640/8 | - | - | €4,601 | €2,860 | €892 | ▼ 68.8% |
| Non-recurring operating charges66A | - | - | €1,555 | - | €78 | - |
| Gross operating margin9900 | €9,147 | €28,996 | €44,800 | €31,212 | €51,629 | ▲ 65.4% |
| Operating profit (loss)9901 | €8,826 | €20,989 | €13,374 | -€29,361 | €10,937 | ▲ 137% |
| Financial income75/76B | - | - | €1 | €148 | €7 | ▼ 95.3% |
| Recurring financial income75 | - | €9 | €1 | €148 | €7 | ▼ 95.3% |
| Financial charges65/66B | - | - | €794 | €1,050 | €1,869 | ▲ 78.1% |
| Recurring financial charges65 | €35 | €80 | €794 | €1,050 | €1,869 | ▲ 78.1% |
| Profit (loss) for the period before taxes9903 | €8,791 | €16,477 | €12,581 | -€30,262 | €9,075 | ▲ 130% |
| Income taxes67/77 | - | €3,666 | €3,239 | €293 | €1,762 | ▲ 501% |
| Profit (loss) for the period9904 | €8,791 | €12,811 | €9,342 | -€30,556 | €7,313 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €8,791 | €12,811 | €9,342 | -€30,556 | €7,313 | ▲ 124% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,696 | €40,673 | €48,060 | €55,802 | €36,670 | ▼ 34.3% |
| Fixed assets21/28 | €5,469 | €5,866 | €17,935 | €13,393 | €4,197 | ▼ 68.7% |
| Tangible fixed assets22/27 | €5,469 | €5,866 | €17,463 | €12,821 | €3,625 | ▼ 71.7% |
| Furniture and vehicles24 | - | - | €17,463 | €12,821 | €3,625 | ▼ 71.7% |
| Financial fixed assets28 | - | - | €472 | €572 | €572 | = |
| Current assets29/58 | €13,226 | €34,807 | €30,125 | €42,409 | €32,474 | ▼ 23.4% |
| Stocks and contracts in progress3 | - | - | - | €18,526 | €16,876 | ▼ 8.9% |
| Stocks30/36 | - | - | - | €18,526 | €16,876 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €3,487 | €21,258 | €24,611 | €21,501 | €12,158 | ▼ 43.5% |
| Trade receivables40 | - | - | €21,898 | €14,957 | €9,075 | ▼ 39.3% |
| Other amounts receivable41 | - | - | €2,713 | €6,544 | €3,083 | ▼ 52.9% |
| Cash at bank and in hand54/58 | €9,740 | €13,303 | €3,771 | €619 | €3,057 | ▲ 394% |
| Deferred charges and accrued income490/1 | - | - | €1,743 | €1,764 | €382 | ▼ 78.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,696 | €40,673 | €48,060 | €55,802 | €36,670 | ▼ 34.3% |
| Equity10/15 | €13,791 | €26,602 | €35,944 | €5,389 | €12,702 | ▲ 136% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | - | - | €5,000 | - | - | - |
| Other1109/19 | - | - | €5,000 | - | - | - |
| Profit (loss) carried forward14 | €8,791 | €21,602 | €30,944 | €389 | €7,702 | ▲ 1,882% |
| Amounts payable17/49 | €4,904 | €14,071 | €12,116 | €50,413 | €23,968 | ▼ 52.5% |
| Amounts payable within one year42/48 | €4,904 | €14,071 | €12,116 | €50,413 | €23,968 | ▼ 52.5% |
| Financial debts43 | - | - | - | €8,910 | - | - |
| Credit institutions430/8 | - | - | - | €8,910 | - | - |
| Trade debts44 | €1,604 | €4,022 | €3,130 | €26,654 | €5,197 | ▼ 80.5% |
| Suppliers440/4 | - | - | €3,130 | €26,654 | €5,197 | ▼ 80.5% |
| Taxes, remuneration and social security45 | - | - | €6,296 | €8,769 | €4,249 | ▼ 51.6% |
| Taxes450/3 | - | - | €5,208 | €328 | €3,295 | ▲ 904% |
| Remuneration and social security454/9 | - | - | €1,088 | €8,441 | €953 | ▼ 88.7% |
| Other amounts payable47/48 | - | - | €2,690 | €6,080 | €14,523 | ▲ 139% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,791 | €12,811 | €9,342 | -€30,556 | €7,313 | ▲ 124% |
| + Depreciation and write-downs630 | €231 | €4,103 | €8,292 | €9,562 | €8,044 | ▼ 15.9% |
| Operating cash flow (approximation) | €9,022 | €16,914 | €17,634 | -€20,994 | €15,357 | ▲ 173% |
| Investment in fixed assets (approximation) | - | -€4,500 | -€20,361 | -€5,020 | €1,153 | ▲ 123% |
| Change in cash | - | €3,564 | -€9,532 | -€3,153 | €2,438 | ▲ 177% |
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
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €7,313
Net result €7,313 after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€30,556
Net result drops to -€30,556, the lowest in the series.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €12,811 ▲45.7%
Operating result €20,989, net result €12,811, both a record.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Charleroi · 1 establishment unit since 2019
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.
Rue Norbert Van Helleputte 1446060 Charleroi1 establishment unit
FGL Solutions
since 20192.289.404.787
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,752. 2,266 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
Founded09-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
73110Advertising agencies
25110Manufacture of metal structures and parts of structures
43120Site preparation
52250Logistics services
81300Landscape service activities
Contact
Phone
+32485865064Charleroi
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.