Skip to content
Private limited companyfounded 200025 yrs activeChaussée de Tournai(R-C) 52/1, 7520 Tournai, BelgiumKBO/BCE: BE 0473.634.667
Summary

FGTH 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 €4.5m and a net result of -€20,562. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 50% of 2817 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
20 d early
2023
29 d early
2022
26 d early
2021
17 d late
2020
23 d early
2019
39 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 28 December 2000, FGTH was incorporated.1 Total assets went from EUR 4.3 million in 2018 to EUR 7.9 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Equity
€4.5m▼ 0.5%
2023 · €4.5m
Net result
-€20,562▲ 1.3%
2023 · -€20,839
Total assets
€7.9m▲ 0.4%
2023 · €7.8m
Solvency
57.2%▼ 0.5pp
2023 · 57.7%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€29,509▼ 688%-€3,649▲ 87.6%-€4,143▼ 13.5%-€3,792▲ 8.5%-€4,216▼ 11.2%
Net result-€63,857below the sector's middle half▼ 876%-€30,728below the sector's middle half▲ 51.9%-€23,006below the sector's middle half▲ 25.1%-€20,839below the sector's middle half▲ 9.4%-€20,562below the sector's middle half▲ 1.3%
Equity€4.6mwithin the sector's middle half▲ 5,029%€4.6mwithin the sector's middle half▼ 0.7%€4.5mwithin the sector's middle half▼ 0.5%€4.5mwithin the sector's middle half▼ 0.5%€4.5mwithin the sector's middle half▼ 0.5%
Total assets€6.3mwithin the sector's middle half▲ 19.1%€7.9mwithin the sector's middle half▲ 25.0%€7.8mwithin the sector's middle half▼ 0.9%€7.8mwithin the sector's middle half▲ 0.4%€7.9mwithin the sector's middle half▲ 0.4%
Debt€1.7m▼ 67.1%€3.3m▲ 94.0%€3.3m▼ 1.5%€3.3m▲ 1.5%€3.4m▲ 1.5%
Working capital-€1.7mbelow the sector's middle half▲ 21.8%-€1.7mbelow the sector's middle half▼ 1.5%-€1.8mbelow the sector's middle half▼ 1.3%-€1.8mbelow the sector's middle half▼ 1.2%-€1.8mbelow the sector's middle half▼ 1.2%
Solvency72.9%within the sector's middle half▲ 71.2pp57.9%within the sector's middle half▼ 15.0pp58.2%within the sector's middle half▲ 0.3pp57.7%within the sector's middle half▼ 0.5pp57.2%within the sector's middle half▼ 0.5pp
Current ratio0.00below the sector's middle half▼ 0.580.48within the sector's middle half▲ 0.480.46within the sector's middle half▼ 0.020.47within the sector's middle half=0.47within the sector's middle half=
Return on assets (ROA)-1.0%below the sector's middle half▼ 0.9pp-0.4%below the sector's middle half▲ 0.6pp-0.3%below the sector's middle half▲ 0.1pp-0.3%below the sector's middle half=-0.3%below the sector's middle half=
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2020: -€29,509-€29,509Net result 2020: -€63,857-€63,857Operating result 2021: -€3,649-€3,649Net result 2021: -€30,728-€30,728Operating result 2022: -€4,143-€4,143Net result 2022: -€23,006-€23,006Operating result 2023: -€3,792-€3,792Net result 2023: -€20,839-€20,839Operating result 2024: -€4,216-€4,216Net result 2024: -€20,562-€20,56220202021202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€4,143-€4,140Net result 2022: -€23,006-€23,000Operating result 2023: -€3,792-€3,790Net result 2023: -€20,839-€20,800Operating result 2024: -€4,216-€4,220Net result 2024: -€20,562-€20,600202220232024
The operating result stays negative: a loss of €4,216 in 2024 against €3,792 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.9m
Fixed assets €6.3m =
Current assets €1.6m ▲ 1.9%
Equity and liabilities €7.9m
Equity €4.5m ▼ 0.5%
Debt €3.4m ▲ 1.5%
Debt's share of the balance-sheet total rises from 42.3% to 42.8%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
ROE
-0.5%▲
2023 · -0.5%
Debt ≤ 1 year
€3.4m▲
2023 · €3.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€7.8m€7.9m▲
Fixed assets21/28€6.3m€6.3m=
Financial fixed assets28€6.3m€6.3m=
Current assets29/58€1.5m€1.6m▲
Amounts receivable within one year40/41€1.5m€1.6m▲
Other amounts receivable41€1.5m€1.6m▲
Cash at bank and in hand54/58€9,587€5,165▼
Equity and liabilities
Total equity and liabilities10/49€7.8m€7.9m▲
Equity10/15€4.5m€4.5m▼
Contributions10/11€4.6m€4.6m=
Reserves13€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000=
Reserves not available under the articles1311€2,000€2,000=
Profit (loss) carried forward14-€70,918-€91,479▼
Amounts payable17/49€3.3m€3.4m▲
Amounts payable within one year42/48€3.3m€3.4m▲
Trade debts44€387€399▲
Suppliers440/4€387€399▲
Other amounts payable47/48€3.3m€3.4m▲
Accrued charges and deferred income492/3€37€33▼
Income statement Code20232024
Other operating charges640/8€1,045€1,053▲
Gross operating margin9900-€2,747-€3,163▼
Operating profit (loss)9901-€3,792-€4,216▼
Financial income75/76B€33,096€33,920▲
Recurring financial income75€33,096€33,920▲
Financial charges65/66B€50,143€50,266▲
Recurring financial charges65€50,143€50,266▲
Profit (loss) for the period before taxes9903-€20,839-€20,562▲
Profit (loss) for the period9904-€20,839-€20,562▲
Profit (loss) for the period to be appropriated9905-€20,839-€20,562▲
Appropriation of the result
Profit (loss) to be appropriated9906-€70,918-€91,479▼
Profit (loss) brought forward from the previous period14P-€50,079-€70,918▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€1,448€944€1,045€1,053▲ 0.7%
Gross operating margin9900-€11,966-€2,201-€3,199-€2,747-€3,163▼ 15.2%
Operating profit (loss)9901-€29,509-€3,649-€4,143-€3,792-€4,216▼ 11.2%
Financial income75/76B-€5,308€30,545€33,096€33,920▲ 2.5%
Recurring financial income75€18,472€5,308€30,545€33,096€33,920▲ 2.5%
Financial charges65/66B-€32,386€49,408€50,143€50,266▲ 0.2%
Recurring financial charges65€52,819€32,386€49,408€50,143€50,266▲ 0.2%
Profit (loss) for the period before taxes9903-€63,857-€30,728-€23,006-€20,839-€20,562▲ 1.3%
Profit (loss) for the period9904-€63,857-€30,728-€23,006-€20,839-€20,562▲ 1.3%
Profit (loss) for the period to be appropriated9905-€63,857-€30,728-€23,006-€20,839-€20,562▲ 1.3%
Line20202021202220232024Change
Assets
Total assets20/58€6.3m€7.9m€7.8m€7.8m€7.9m▲ 0.4%
Fixed assets21/28€6.3m€6.3m€6.3m€6.3m€6.3m=
Financial fixed assets28€6.3m€6.3m€6.3m€6.3m€6.3m=
Current assets29/58€4,922€1.6m€1.5m€1.5m€1.6m▲ 1.9%
Amounts receivable within one year40/41€0€1.1m€1.5m€1.5m€1.6m▲ 2.2%
Other amounts receivable41-€1.1m€1.5m€1.5m€1.6m▲ 2.2%
Cash at bank and in hand54/58€4,922€500,188€14,024€9,587€5,165▼ 46.1%
Equity and liabilities
Total equity and liabilities10/49€6.3m€7.9m€7.8m€7.8m€7.9m▲ 0.4%
Equity10/15€4.6m€4.6m€4.5m€4.5m€4.5m▼ 0.5%
Contributions10/11-€4.6m€4.6m€4.6m€4.6m=
Reserves13€2,000€2,000€2,000€2,000€2,000=
Non-distributable reserves130/1-€2,000€2,000€2,000€2,000=
Reserves not available under the articles1311-€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14€3,655-€27,073-€50,079-€70,918-€91,479▼ 29.0%
Amounts payable17/49€1.7m€3.3m€3.3m€3.3m€3.4m▲ 1.5%
Amounts payable within one year42/48€1.7m€3.3m€3.3m€3.3m€3.4m▲ 1.5%
Trade debts44€906€422€804€387€399▲ 3.2%
Suppliers440/4-€422€804€387€399▲ 3.2%
Other amounts payable47/48-€3.3m€3.3m€3.3m€3.4m▲ 1.5%
Accrued charges and deferred income492/3-€5€37€37€33▼ 12.1%
Line20202021202220232024Change
Profit (loss) for the period9904-€63,857-€30,728-€23,006-€20,839-€20,562▲ 1.3%
Operating cash flow (approximation)-€63,857-€30,728-€23,006-€20,839-€20,562▲ 1.3%
Investment in fixed assets (approximation)-€5,567€0€0€0-
Change in cash-€495,266-€486,165-€4,437-€4,422▲ 0.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
17-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
08-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Weakest financial yearnet -€63,857
Net result drops to -€63,857, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €2mEq €4.6m ▲5,029%
Equity rises from €89,511 to €4.6m.
22-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
02-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Tournai · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
934 m²
Building footprint
352 m²
Volume, LiDAR
2,081 m³
Parcel 57069C0256/00F000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Tournai(R-C) 52/1, 7520 Tournai
Holdings
since 20132.220.805.102
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57069C0256/00F000 Wallonia 934 m² 1 · 352 m² 7.9 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. HOLDING DES ANGES 100%
  2. FGTH

Highest known parent: HOLDING DES ANGES. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2022 list no holdings, and no other source names one.

According to the 2022 annual accounts of FGTH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 8,493 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
Founded28-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.