FND MANAGEMENT
ActiveSummary
FND MANAGEMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €69k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+17
Solvency37▲+8
Growth52▲+11
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.11 in 2024; short-term debt: 7.6% and cash: 1.5% of total assets), and 88.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
8%
Age of the figures
13 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 30-04-2026, 30 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
30 d late
2024
30 d late
2023
30 d late
2022
30 d late
2021
32 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close25-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€23k▼ 47.8%
2024 · €45k
EBIT margin
94.5%▲ 111.9pp
2024 · -17.5%
Net result
€69k
2024 · €-27k
Working capital
€-50k▲ 54.5%
2024 · €-109k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€38k€19k▼ 50.6%€45k▲ 135%€23k▼ 47.8%
Operating result€32k-€15k▼ 54.1%€18k▲ 23.0%€-8k€22k
Net result€25k-€5k▼ 80.3%€-7k€-27k▼ 267%€69k
EBIT margin38.0%94.7%▲ 56.7pp-17.5%▼ 112.2pp94.5%▲ 111.9pp
Equity€61k-€66k▲ 8.0%€58k▼ 11.0%€32k▼ 45.6%€101k▲ 218%
Total assets€647k-€646k▼ 0.2%€878k▲ 35.9%€880k▲ 0.2%€860k▼ 2.2%
Debt€586k-€580k▼ 1.0%€819k▲ 41.2%€848k▲ 3.5%€759k▼ 10.5%
Working capital€15k-€8k▼ 44.4%€-26k€-109k▼ 314%€-50k▲ 54.5%
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: €22k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €860k
Fixed assets
€845k ▼ 2.4%
Current assets
€16k ▲ 10.8%
Equity and liabilities €860k
Equity
€101k ▲ 218%
Debt
€759k ▼ 10.5%
Debt's share of the balance-sheet total falls from 96.4% to 88.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▲
2024 · €23k
Cash flow
€101k▲
2024 · €4k
Current ratio
0.24▲
2024 · 0.11
Debt to equity
7.52▼
2024 · 26.74
ROE
68.6%▲
2024 · -83.8%
ROA
8.0%▲
2024 · -3.0%
Interest coverage
1.93▲
2024 · 0.51
Debt ≤ 1 year
€65k▼
2024 · €123k
Debt > 1 year
€694k▼
2024 · €724k
Income taxes
€181▼
2024 · €183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €38k | €19k | €45k | €23k | ▼ 47.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €45k | €47k | €21k | €18k | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88k | €20k | €23k | €30k | €31k | ▲ 3.1% |
| Other operating charges640/8 | €4k | €6k | €8k | €6k | €7k | ▲ 23.8% |
| Gross operating margin9900 | €124k | €40k | €49k | €28k | €60k | ▲ 114% |
| Operating profit (loss)9901 | €32k | €15k | €18k | €-8k | €22k | ▲ 382% |
| Financial income75/76B | €2 | - | €5k | €25k | €75k | ▲ 196% |
| Recurring financial income75 | €2 | - | €1k | €25k | €75k | ▲ 196% |
| Non-recurring financial income76B | - | - | €4k | - | - | - |
| Financial charges65/66B | €7k | €7k | €30k | €44k | €28k | ▼ 37.2% |
| Recurring financial charges65 | €7k | €7k | €30k | €44k | €28k | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | €25k | €7k | €-7k | €-26k | €69k | ▲ 363% |
| Income taxes67/77 | €282 | €2k | €160 | €183 | €181 | ▼ 1.5% |
| Profit (loss) for the period9904 | €25k | €5k | €-7k | €-27k | €69k | ▲ 360% |
| Profit (loss) for the period to be appropriated9905 | €25k | €5k | €-7k | €-27k | €69k | ▲ 360% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €647k | €646k | €878k | €880k | €860k | ▼ 2.2% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €572k | €558k | €828k | €866k | €845k | ▼ 2.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €572k | €558k | €828k | €806k | €785k | ▼ 2.6% |
| Land and buildings22 | €572k | €556k | €562k | €549k | €532k | ▼ 3.1% |
| Other tangible fixed assets26 | - | €1k | €266k | €257k | €253k | ▼ 1.6% |
| Financial fixed assets28 | - | - | - | €60k | €60k | = |
| Current assets29/58 | €74k | €88k | €50k | €14k | €16k | ▲ 10.8% |
| Amounts receivable within one year40/41 | €34k | €58k | €8k | €529 | €0 | ▼ 100% |
| Trade receivables40 | €3k | €30k | €556 | €43 | €0 | ▼ 100% |
| Other amounts receivable41 | €30k | €28k | €7k | €486 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €38k | €27k | €8k | €11k | €13k | ▲ 20.3% |
| Deferred charges and accrued income490/1 | €3k | €3k | €34k | €3k | €3k | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €647k | €646k | €878k | €880k | €860k | ▼ 2.2% |
| Equity10/15 | €61k | €66k | €58k | €32k | €101k | ▲ 218% |
| Contributions10/11 | €60k | €60k | €60k | €60k | €60k | = |
| Outside capital11 | - | - | - | - | €60k | - |
| Share premium1100/10 | - | - | - | - | €60k | - |
| Profit (loss) carried forward14 | €664 | €6k | €-2k | €-28k | €41k | ▲ 245% |
| Amounts payable17/49 | €586k | €580k | €819k | €848k | €759k | ▼ 10.5% |
| Amounts payable after more than one year17 | €526k | €500k | €742k | €724k | €694k | ▼ 4.1% |
| Financial debts170/4 | €526k | €500k | €739k | €719k | €689k | ▼ 4.2% |
| Other amounts payable178/9 | - | - | €3k | €5k | €5k | ▲ 0.2% |
| Amounts payable within one year42/48 | €60k | €80k | €76k | €123k | €65k | ▼ 47.0% |
| Current portion of amounts payable after more than one year42 | €26k | €29k | €35k | €35k | €36k | ▲ 2.9% |
| Trade debts44 | €9k | €6k | €9k | €3k | €3k | = |
| Suppliers440/4 | €9k | €6k | €9k | €3k | €3k | = |
| Advances received on contracts in progress46 | €679 | €18k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €282 | €2k | €2k | €1k | €2k | ▲ 23.5% |
| Taxes450/3 | €282 | €2k | €2k | €1k | €2k | ▲ 23.5% |
| Remuneration and social security454/9 | - | - | €0 | - | - | - |
| Other amounts payable47/48 | €25k | €25k | €31k | €84k | €25k | ▼ 70.7% |
| Accrued charges and deferred income492/3 | - | - | €430 | €700 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €5k | €-7k | €-27k | €69k | ▲ 360% |
| + Depreciation and write-downs630 | €88k | €20k | €23k | €30k | €31k | ▲ 3.1% |
| Operating cash flow (approximation) | €113k | €25k | €16k | €4k | €101k | ▲ 2,536% |
| Investment in fixed assets (approximation) | - | €-5k | €-293k | €-68k | €-10k | ▲ 84.8% |
| Change in cash | - | €-11k | €-19k | €2k | €2k | ▼ 3.5% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
Financial
Back to profitnet €69k
Net result €69k after 2 loss-making years.
31-08
Financial
Equity above €100kEq €101k ▲218%
Equity rises from €32k to €101k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-08
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 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
1 act for this company is 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, Fleurus · 1 establishment unit since 2020
Ground area
49 m²
Building footprint
53 m²
Volume, LiDAR
648 m³
Parcel 52021D0649/00C000, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FND MANAGEMENT
since 20202.309.081.139
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52021D0649/00C000 | Wallonia | 49 m² | 1 · 53 m² | 13.1 m · 4 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,599 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
Founded25-08-2020
Fiscal year end31-08
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.