FORMAL AND KNOWLEDGE SYSTEMS
ActiveSummary
FORMAL AND KNOWLEDGE SYSTEMS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376k and a net result of €62k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-1
Solvency84▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.18 against 3.8 in 2024; short-term debt: 16.7% and cash: 19.3% of total assets), and 41.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
58.9%
Return on assets
9.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
79 d early
2023
21 d early
2022
84 d early
2021
31 d early
2020
4 d early
2019
70 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€376k▲ 19.7%
2024 · €314k
2018: €157k
2019: €133k▼ -15.4% vs 2018lowest in 8 years
2020: €142k▲ +7.1% vs 2019
2021: €197k▲ +39.0% vs 2020
2022: €216k▲ +9.6% vs 2021
2023: €247k▲ +14.1% vs 2022
2024: €314k▲ +27.1% vs 2023
2025: €376k▲ +19.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€637k▲ 2.3%
2024 · €623k
2018: €332klowest in 8 years
2019: €337k▲ +1.5% vs 2018
2020: €522k▲ +54.8% vs 2019
2021: €582k▲ +11.5% vs 2020
2022: €529k▼ -9.1% vs 2021
2023: €495k▼ -6.4% vs 2022
2024: €623k▲ +25.8% vs 2023
2025: €637k▲ +2.3% vs 2024highest in 8 years
2018 → 2025
Net result
€62k▼ 7.8%
2024 · €67k
2018: €36k
2019: €-24k▼ -167% vs 2018lowest in 8 years
2020: €9k▲ +139% vs 2019
2021: €55k▲ +489% vs 2020
2022: €19k▼ -65.8% vs 2021
2023: €31k▲ +61.1% vs 2022
2024: €67k▲ +119% vs 2023highest in 8 years
2025: €62k▼ -7.8% vs 2024
2018 → 2025
Working capital
€338k▲ 12.8%
2024 · €300k
2018: €100k
2019: €85k▼ -15.1% vs 2018
2020: €52k▼ -38.6% vs 2019lowest in 8 years
2021: €146k▲ +181% vs 2020
2022: €158k▲ +7.8% vs 2021
2023: €178k▲ +13.2% vs 2022
2024: €300k▲ +68.0% vs 2023
2025: €338k▲ +12.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€216k▲ 9.6%€247k▲ 14.1%€314k▲ 27.1%€376k▲ 19.7%
2021: €197klowest in 5 years
2022: €216k▲ +9.6% vs 2021
2023: €247k▲ +14.1% vs 2022
2024: €314k▲ +27.1% vs 2023
2025: €376k▲ +19.7% vs 2024highest in 5 years
Operating result€60k-€24k▼ 60.5%€40k▲ 69.0%€80k▲ 99.7%€74k▼ 6.6%
2021: €60k
2022: €24k▼ -60.5% vs 2021lowest in 5 years
2023: €40k▲ +69.0% vs 2022
2024: €80k▲ +99.7% vs 2023highest in 5 years
2025: €74k▼ -6.6% vs 2024
Net result€55k-€19k▼ 65.8%€31k▲ 61.1%€67k▲ 119%€62k▼ 7.8%
2021: €55k
2022: €19k▼ -65.8% vs 2021lowest in 5 years
2023: €31k▲ +61.1% vs 2022
2024: €67k▲ +119% vs 2023highest in 5 years
2025: €62k▼ -7.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €637k
Fixed assets
€193k ▼ 10.7%
Current assets
€444k ▲ 9.1%
Equity and liabilities €637k
Equity
€376k ▲ 19.7%
Debt
€262k ▼ 15.4%
Debt's share of the balance-sheet total falls from 49.6% to 41.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97k▼
2024 · €106k
Cash flow
€85k▼
2024 · €93k
Current ratio
4.18▲
2024 · 3.80
Quick ratio
4.07▲
2024 · 3.73
Debt to equity
0.70▼
2024 · 0.99
ROE
16.4%▼
2024 · 21.4%
ROA
9.7%▼
2024 · 10.8%
Interest coverage
12.29▼
2024 · 14.38
Debt ≤ 1 year
€106k▼
2024 · €107k
Debt > 1 year
€79k▼
2024 · €104k
Income taxes
€6k▼
2024 · €7k
Staff costs
€245k▲
2024 · €226k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€623k€637k▲
Fixed assets21/28€216k€193k▼
Intangible fixed assets21€7k€5k▼
Tangible fixed assets22/27€186k€166k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€16k€16k▼
Other tangible fixed assets26€165k€147k▼
Financial fixed assets28€23k€23k=
Current assets29/58€407k€444k▲
Stocks and contracts in progress3€7k€13k▲
Contracts in progress37€7k€13k▲
Amounts receivable within one year40/41€183k€131k▼
Trade receivables40€179k€121k▼
Other amounts receivable41€5k€11k▲
Current investments50/53€132k€172k▲
Cash at bank and in hand54/58€80k€123k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€623k€637k▲
Equity10/15€314k€376k▲
Contributions10/11€99k€99k=
Reserves13€215k€277k▲
Non-distributable reserves130/1€32k€32k=
Own shares acquired1312€32k€32k=
Distributable reserves133€183k€245k▲
Amounts payable17/49€309k€262k▼
Amounts payable after more than one year17€104k€79k▼
Other amounts payable178/9€104k€79k▼
Amounts payable within one year42/48€107k€106k▼
Trade debts44€52k€61k▲
Suppliers440/4€52k€61k▲
Taxes, remuneration and social security45€50k€42k▼
Taxes450/3€12k€18k▲
Remuneration and social security454/9€38k€24k▼
Other amounts payable47/48€5k€3k▼
Accrued charges and deferred income492/3€98k€76k▼
Income statement
Code20242025
Remuneration, social security and pensions62€226k€245k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€23k▼
Other operating charges640/8€652€719▲
Gross operating margin9900€333k€343k▲
Operating profit (loss)9901€80k€74k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€74k€68k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€67k€62k▼
Profit (loss) for the period to be appropriated9905€67k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€62k▼
Transfer to equity691/2€67k€62k▼
To other reserves6921€67k€62k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €286k | €235k | €199k | €226k | €245k | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €26k | €29k | €26k | €23k | ▼ 13.3% |
| Other operating charges640/8 | €582 | €755 | €725 | €652 | €719 | ▲ 10.2% |
| Non-recurring operating charges66A | €2k | €0 | - | - | - | - |
| Gross operating margin9900 | €379k | €286k | €269k | €333k | €343k | ▲ 3.1% |
| Operating profit (loss)9901 | €60k | €24k | €40k | €80k | €74k | ▼ 6.6% |
| Financial income75/76B | €2 | €20 | €1k | €1k | €2k | ▲ 1.9% |
| Recurring financial income75 | €2 | €20 | €1k | €1k | €2k | ▲ 1.9% |
| Financial charges65/66B | €4k | €5k | €7k | €7k | €8k | ▲ 7.4% |
| Recurring financial charges65 | €4k | €5k | €7k | €7k | €8k | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | €55k | €19k | €34k | €74k | €68k | ▼ 7.8% |
| Income taxes67/77 | - | - | €3k | €7k | €6k | ▼ 7.9% |
| Profit (loss) for the period9904 | €55k | €19k | €31k | €67k | €62k | ▼ 7.8% |
| Profit (loss) for the period to be appropriated9905 | €55k | €19k | €31k | €67k | €62k | ▼ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €582k | €529k | €495k | €623k | €637k | ▲ 2.3% |
| Fixed assets21/28 | €258k | €249k | €230k | €216k | €193k | ▼ 10.7% |
| Intangible fixed assets21 | €18k | €24k | €14k | €7k | €5k | ▼ 33.9% |
| Tangible fixed assets22/27 | €217k | €202k | €193k | €186k | €166k | ▼ 11.0% |
| Plant, machinery and equipment23 | €7k | €6k | €4k | €5k | €2k | ▼ 50.8% |
| Furniture and vehicles24 | - | - | €9k | €16k | €16k | ▼ 1.8% |
| Other tangible fixed assets26 | €211k | €196k | €181k | €165k | €147k | ▼ 10.7% |
| Financial fixed assets28 | €23k | €23k | €23k | €23k | €23k | = |
| Current assets29/58 | €324k | €280k | €265k | €407k | €444k | ▲ 9.1% |
| Stocks and contracts in progress3 | - | €5k | €5k | €7k | €13k | ▲ 78.6% |
| Contracts in progress37 | - | €5k | €5k | €7k | €13k | ▲ 78.6% |
| Amounts receivable within one year40/41 | €236k | €123k | €79k | €183k | €131k | ▼ 28.4% |
| Trade receivables40 | €225k | €114k | €71k | €179k | €121k | ▼ 32.4% |
| Other amounts receivable41 | €11k | €9k | €8k | €5k | €11k | ▲ 127% |
| Current investments50/53 | - | - | €50k | €132k | €172k | ▲ 30.4% |
| Cash at bank and in hand54/58 | €87k | €150k | €128k | €80k | €123k | ▲ 53.0% |
| Deferred charges and accrued income490/1 | €1k | €3k | €3k | €5k | €6k | ▲ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €582k | €529k | €495k | €623k | €637k | ▲ 2.3% |
| Equity10/15 | €197k | €216k | €247k | €314k | €376k | ▲ 19.7% |
| Contributions10/11 | €99k | €99k | €99k | €99k | €99k | = |
| Reserves13 | €98k | €117k | €148k | €215k | €277k | ▲ 28.8% |
| Non-distributable reserves130/1 | €10k | €10k | €0 | €32k | €32k | = |
| Reserves not available under the articles1311 | €10k | €10k | €0 | - | - | - |
| Own shares acquired1312 | - | - | - | €32k | €32k | = |
| Distributable reserves133 | €88k | €107k | €148k | €183k | €245k | ▲ 33.7% |
| Amounts payable17/49 | €385k | €313k | €248k | €309k | €262k | ▼ 15.4% |
| Amounts payable after more than one year17 | €190k | €175k | €140k | €104k | €79k | ▼ 24.0% |
| Other amounts payable178/9 | €190k | €175k | €140k | €104k | €79k | ▼ 24.0% |
| Amounts payable within one year42/48 | €178k | €123k | €86k | €107k | €106k | ▼ 1.0% |
| Trade debts44 | €135k | €78k | €35k | €52k | €61k | ▲ 16.9% |
| Suppliers440/4 | €135k | €78k | €35k | €52k | €61k | ▲ 16.9% |
| Taxes, remuneration and social security45 | €38k | €42k | €46k | €50k | €42k | ▼ 16.5% |
| Taxes450/3 | €9k | €8k | €16k | €12k | €18k | ▲ 48.6% |
| Remuneration and social security454/9 | €29k | €34k | €30k | €38k | €24k | ▼ 37.4% |
| Other amounts payable47/48 | €6k | €3k | €5k | €5k | €3k | ▼ 34.8% |
| Accrued charges and deferred income492/3 | €17k | €15k | €22k | €98k | €76k | ▼ 22.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55k | €19k | €31k | €67k | €62k | ▼ 7.8% |
| + Depreciation and write-downs630 | €31k | €26k | €29k | €26k | €23k | ▼ 13.3% |
| Operating cash flow (approximation) | €86k | €45k | €60k | €93k | €85k | ▼ 9.4% |
| Investment in fixed assets (approximation) | - | €-17k | €-11k | €-12k | €61 | ▲ 101% |
| Change in cash | - | €62k | €-21k | €-48k | €43k | ▲ 189% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €67k ▲119%
Operating result €80k, net result €67k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €216k ▲9.6%
3 profitable years in a row build equity to €216k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €197k ▲39%
2 profitable years in a row build equity to €197k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
Show earlier events
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Hasselt · 1 establishment unit since 1998
Ground area
258 m²
Building footprint
219 m²
Volume, LiDAR
1,457 m³
Parcel 71032B0011/00R000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FKS
since 19982.088.344.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71032B0011/00R000 | Flanders | 258 m² | 1 · 219 m² | 11.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 98,234 EUR awarded · 42,610 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 95,484 EUR | 39,860 EUR |
| 2024 | 1 | 23 EUR | 23 EUR |
| 2023 | 2 | 261 EUR | 261 EUR |
| 2022 | 1 | 2,466 EUR | 2,466 EUR |
Schemes
Innovatieprojecten in de context van een speerpuntcluster
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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BYTELOGIC
BE 0847.287.476
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Bureel Visueel
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,895 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
Founded01-09-1998
Fiscal year end31-12
Abbreviation NL
FKS
Activities, NACEBEL 2025
62100Computer programming
26200Manufacture of computer, electronic and optical products
47400Retail sale of information and communication equipment
77330Rental and leasing activities
95100Repair and maintenance of computers and communication equipment
Contact
Website
www.fks.beHasselt
Scores and ratios are computed by Checked and are not a credit decision.