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FMANAGEMENT

Active
Private limited company (pre-2019)founded 201016 yrs activeRue Saint-Gilles 323, 4000 Liège, BelgiumKBO/BCE: BE 0826.479.491
Summary

FMANAGEMENT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8,187 and a net result of -€256. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability32▲+11
Solvency89▲+4
Growth35▼-7
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 2.81 against 2.53 in 2022; short-term debt: 35.5% and cash: 74.4% of total assets), and 35.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
64.5%
Return on assets
-2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 16 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
92 d late
2022
84 d late
2021
77 d late
2020
90 d late
2019
90 d late
2018
89 d late
← 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 87 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 8 June 2010, FMANAGEMENT was incorporated.1 Revenue went from EUR 12,700 in 2018 to EUR 6,927 in 2024.2

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

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Financials · fiscal year 2024, micro schema

Turnover
€6,927▼ 36.8%
2022 · €10,957
EBIT margin
-1.5%▲ 6.0pp
2022 · -7.5%
Net result
-€256▲ 72.2%
2022 · -€922
Working capital
€8,187▼ 4.6%
2022 · €8,584
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222024
Turnover€14,078▲ 10.8%€12,177▼ 13.5%€11,915▼ 2.2%€10,957▼ 8.0%€6,927-
Operating result€3,103▲ 12.3%€4,043▲ 30.3%€183▼ 95.5%-€822-€104-
Net result€2,041▼ 21.8%€2,275within the sector's middle half▲ 11.5%€2,234within the sector's middle half▼ 1.8%-€922below the sector's middle half-€256below the sector's middle half-
EBIT margin22.0%▲ 0.3pp33.2%▲ 11.2pp1.5%▼ 31.7pp-7.5%▼ 9.0pp-1.5%-
Equity€4,997▲ 69.0%€7,272below the sector's middle half▲ 45.5%€9,506below the sector's middle half▲ 30.7%€8,584below the sector's middle half▼ 9.7%€8,187below the sector's middle half-
Total assets€8,331▲ 43.7%€14,019below the sector's middle half▲ 68.3%€16,680below the sector's middle half▲ 19.0%€14,205below the sector's middle half▼ 14.8%€12,699below the sector's middle half-
Debt€3,334▲ 17.4%€6,747▲ 102%€7,174▲ 6.3%€5,620▼ 21.7%€4,512-
Working capital€4,917▲ 5.0%€7,192within the sector's middle half▲ 46.3%€9,426within the sector's middle half▲ 31.1%€8,584within the sector's middle half▼ 8.9%€8,187within the sector's middle half-
Solvency60.0%▲ 9.0pp51.9%within the sector's middle half▼ 8.1pp57.0%within the sector's middle half▲ 5.1pp60.4%within the sector's middle half▲ 3.4pp64.5%within the sector's middle half-
Current ratio2.47▼ 3.062.07within the sector's middle half▼ 0.412.31within the sector's middle half▲ 0.252.53within the sector's middle half▲ 0.212.81within the sector's middle half-
Return on assets (ROA)24.5%▼ 20.5pp16.2%within the sector's middle half▼ 8.3pp13.4%within the sector's middle half▼ 2.8pp-6.5%below the sector's middle half▼ 19.9pp-2.0%below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
-€2,000€0€2,000€4,000Operating result 2019: €3,103€3,103Net result 2019: €2,041€2,041Operating result 2020: €4,043€4,043Net result 2020: €2,275€2,275Operating result 2021: €183€183Net result 2021: €2,234€2,234Operating result 2022: -€822-€822Net result 2022: -€922-€922Operating result 2024: -€104-€104Net result 2024: -€256-€25620192020202120222024-€1,000€0€1,000€2,000Operating result 2021: €183€183Net result 2021: €2,234€2,230Operating result 2022: -€822-€822Net result 2022: -€922-€922Operating result 2024: -€104-€104Net result 2024: -€256-€256202120222024
The operating result is -€104 in 2024, compared with -€822 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Equity and liabilities €12,699
Equity €8,187 ▼ 4.6%
Debt €4,512 ▼ 19.7%
Debt's share of the balance-sheet total falls from 39.6% to 35.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2022
Debt to equity
0.55▼
2022 · 0.65
ROE
-3.1%▲
2022 · -10.7%
Debt ≤ 1 year
€4,512▼
2022 · €5,620
Income taxes
€160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,910 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 35 lines
Balance sheet Code20222024
Assets
Total assets20/58€14,205€12,699▼
Current assets29/58€14,205€12,699▼
Amounts receivable within one year40/41€1,887€3,245▲
Trade receivables40€1,887€3,245▲
Cash at bank and in hand54/58€12,318€9,455▼
Equity and liabilities
Total equity and liabilities10/49€14,205€12,699▼
Equity10/15€8,584€8,187▼
Contributions10/11€6,200€6,200=
Capital10€6,200€6,200=
Issued capital100€18,600€18,600=
Uncalled capital101€12,400€12,400=
Profit (loss) carried forward14€2,384€1,987▼
Amounts payable17/49€5,620€4,512▼
Amounts payable within one year42/48€5,620€4,512▼
Trade debts44€896€675▼
Suppliers440/4€896€675▼
Taxes, remuneration and social security45€401€138▼
Taxes450/3€401€138▼
Other amounts payable47/48€4,324€3,699▼
Income statement Code20222024
Turnover70€10,957€6,927▼
Goods, raw materials, services and sundry goods60/61€11,253€5,743▼
Other operating charges640/8€447€916▲
Non-recurring operating charges66A€80€372▲
Gross operating margin9900-€295€1,184▲
Operating profit (loss)9901-€822-€104▲
Financial income75/76B-€127
Recurring financial income75-€127
Financial charges65/66B€100€119▲
Recurring financial charges65€100€119▲
Profit (loss) for the period before taxes9903-€922-€96▲
Income taxes67/77-€160
Profit (loss) for the period9904-€922-€256▲
Profit (loss) for the period to be appropriated9905-€922-€256▲
Appropriation of the result
Profit (loss) to be appropriated9906€2,384€1,987▼
Profit (loss) brought forward from the previous period14P€3,306€2,243▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222024Change
Turnover70€14,078€12,177€11,915€10,957€6,927-
Non-recurring operating income76A--€961---
Goods, raw materials, services and sundry goods60/61--€10,453€11,253€5,743-
Other operating charges640/8--€1,784€447€916-
Non-recurring operating charges66A--€455€80€372-
Gross operating margin9900€3,546€4,488€2,423-€295€1,184-
Operating profit (loss)9901€3,103€4,043€183-€822-€104-
Financial income75/76B--€1,196-€127-
Recurring financial income75--€1,196-€127-
Financial charges65/66B--€196€100€119-
Recurring financial charges65€187€129€196€100€119-
Profit (loss) for the period before taxes9903€2,916€3,915€1,184-€922-€96-
Income taxes67/77€875€1,640-€1,050-€160-
Profit (loss) for the period9904€2,041€2,275€2,234-€922-€256-
Profit (loss) for the period to be appropriated9905€2,041€2,275€2,234-€922-€256-
Line20192020202120222024Change
Assets
Total assets20/58€8,331€14,019€16,680€14,205€12,699-
Fixed assets21/28€80€80€80---
Tangible fixed assets22/27€80€80€80---
Furniture and vehicles24--€80---
Current assets29/58€8,251€13,939€16,600€14,205€12,699-
Amounts receivable within one year40/41€2,053€2,260€627€1,887€3,245-
Trade receivables40--€627€1,887€3,245-
Cash at bank and in hand54/58€6,197€11,679€15,973€12,318€9,455-
Equity and liabilities
Total equity and liabilities10/49€8,331€14,019€16,680€14,205€12,699-
Equity10/15€4,997€7,272€9,506€8,584€8,187-
Contributions10/11€6,200€6,200€6,200€6,200€6,200-
Capital10--€6,200€6,200€6,200-
Issued capital100--€18,600€18,600€18,600-
Uncalled capital101--€12,400€12,400€12,400-
Profit (loss) carried forward14-€1,203€1,072€3,306€2,384€1,987-
Amounts payable17/49€3,334€6,747€7,174€5,620€4,512-
Amounts payable within one year42/48€3,334€6,747€7,174€5,620€4,512-
Trade debts44€119€178€978€896€675-
Suppliers440/4--€978€896€675-
Taxes, remuneration and social security45--€872€401€138-
Taxes450/3--€872€401€138-
Other amounts payable47/48--€5,324€4,324€3,699-
Line20192020202120222024Change
Profit (loss) for the period9904€2,041€2,275€2,234-€922-€256-
Operating cash flow (approximation)€2,041€2,275€2,234-€922-€256-
Investment in fixed assets (approximation)-€0€0---
Change in cash-€5,482€4,294-€3,655--

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

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Timeline · acts, filings and financial milestones

2025
31-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2023
23-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
31-12
Financial Weakest financial yearnet -€922
Net result drops to -€922, the lowest in the series; recovery starts the following year.
16-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
29-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
28-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
16-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 47 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
20-12
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 142 days late
2015
06-11
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
742 m²
Building footprint
125 m²
Volume, LiDAR
1,270 m³
Parcel 62803D0112/00B004, Wallonia · tallest building 16.6 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Rue Saint-Gilles 323, 4000 Liège
IT consultancy
since 20102.188.762.537
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62803D0112/00B004 Wallonia 742 m² 1 · 125 m² 16.6 m · 3 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.

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 20,751 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded08-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0826479491
Registered 20-11-2020

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

Register as of 30 September 2026 · Peppol Directory

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