FIONA MARKET
ActiveFIONA MARKET has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-1k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+5
Solvency48▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.2 in 2024; short-term debt: 76.5% and cash: 14.6% of total assets), and 76.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
23.5%
Return on assets
-2.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 8 filingsDeviation from the deadline
2025
11 d late
2024
8 d early
2023
1 d late
2022
30 d late
2021
96 d late
2020
17 d early
2019
48 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 8.7%
2024 · €14k
2018: €19k
2019: €12k
2020: €23k
2021: €20k
2022: €14k
2023: €16k
2024: €14k
2018 → 2025
Total assets
€53k▲ 30.6%
2024 · €41k
2018: €34k
2019: €23k
2020: €29k
2021: €46k
2022: €42k
2023: €54k
2024: €41k
2018 → 2025
Net result
€-1k▲ 52.9%
2024 · €-3k
2018: €-1k
2019: €-7k
2020: €11k
2021: €-3k
2022: €-6k
2023: €2k
2024: €-3k
2018 → 2025
Working capital
€3k▼ 50.2%
2024 · €5k
2018: €17k
2019: €11k
2020: €23k
2021: €10k
2022: €5k
2023: €5k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€14k▼ 31.2%€16k▲ 17.7%€14k▼ 15.6%€13k▼ 8.7%
Operating result€-2k-€-5k▼ 114%€4k€-1k€160
Net result€-3k-€-6k▼ 98.3%€2k€-3k€-1k▲ 52.9%
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 2025: €160 after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€10k▲ 18.3%
Current assets
€44k▲ 33.7%
Equity and liabilities €53k
Equity
€13k▼ 8.7%
Debt
€41k▲ 50.4%
The debt ratio rises from 66.4% to 76.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €7k
Cash flow
€4k▼
2024 · €6k
Solvency
23.5%▼
2024 · 33.6%
Current ratio
1.07▼
2024 · 1.20
Quick ratio
0.24▼
2024 · 0.28
Debt / equity
3.26▲
2024 · 1.98
ROE
-9.5%▲
2024 · -18.5%
ROA
-2.2%▲
2024 · -6.2%
Interest coverage
6.72▼
2024 · 14.74
Debt
€41k▲
2024 · €27k
Debt ≤ 1 year
€41k▲
2024 · €27k
Income taxes
€539▼
2024 · €794
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€41k€53k▲
Fixed assets21/28€8k€10k▲
Tangible fixed assets22/27€8k€10k▲
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€6k€1k▼
Other tangible fixed assets26-€5k
Current assets29/58€33k€44k▲
Stocks and contracts in progress3€25k€34k▲
Stocks30/36€25k€34k▲
Amounts receivable within one year40/41€2k€2k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€578€558▼
Equity and liabilities
Total equity and liabilities10/49€41k€53k▲
Equity10/15€14k€13k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-6k€-7k▼
Amounts payable17/49€27k€41k▲
Amounts payable within one year42/48€27k€41k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€20k€31k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Other operating charges640/8€2k€635▼
Gross operating margin9900€9k€6k▼
Operating profit (loss)9901€-1k€160▲
Financial income75/76B-€12
Recurring financial income75-€12
Financial charges65/66B€485€827▲
Recurring financial charges65€485€827▲
Profit (loss) for the period before taxes9903€-2k€-655▲
Income taxes67/77€794€539▼
Profit (loss) for the period9904€-3k€-1k▲
Profit (loss) for the period to be appropriated9905€-3k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-7k▼
Profit (loss) brought forward from the previous period14P€-4k€-6k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 5.04
Current ratio from 2.01 to 5.04; short-term debt falls from €11k to €6k.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
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.
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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, Liège · 1 establishment unit since 2018
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.
Bld Hector-Denis 144000 Liège1 establishment unit
Fiona Market
since 20182.275.227.545
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.275.227.545
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MELLEK
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B.O.D. Livraison pain
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Manage · Eq €12k
Of 10,527 companies in sector 47110 we hold annual accounts for 5,862. 3,701 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2017
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.