FOS OPEN SCOUTING
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 PDF all 20 filings
Turnover
≈ €980,000
Estimated: probably between €890,000 and €1.5m
Total assets
€904,927▼ 6.1%
2024 · €963,815
Net result
€2,052
2024 · -€43,720
Working capital
€559,493▼ 7.1%
2024 · €602,076
In the rankings
#10 company by staff growth in Ghent, Other services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€6,216
▲ 89.2%
2025
20182025
Net result
€2,052
2025
middle half of the sector
20182025
Equity
€286,632
▲ 0.7%
2025
lowest quarter of the sector
20182025
Total assets
€904,927
▼ 6.1%
2025
lowest quarter of the sector
20182025
Debt
€618,295
▼ 9.0%
2025
20182025
Working capital
€559,493
▼ 7.1%
2025
middle half of the sector
20182025
Solvency
31.7%
▲ 2.1pp
2025
middle half of the sector
20182025
Current ratio
3.14
▲ 0.14
2025
middle half of the sector
20182025
Return on assets (ROA)
0.2%
▲ 4.8pp
2025
middle half of the sector
20182025
Staff (FTE)
10.9
▲ 3.8%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€67,659-€42,335▼ 37.4%€62,772▲ 48.3%€18,475▼ 70.6%-€20,029-€29,961▼ 49.6%-€57,452▼ 91.8%-€6,216▲ 89.2%
Net result-€28,027-€59,747€62,267within the sector's middle half▲ 4.2%€16,978within the sector's middle half▼ 72.7%-€21,442within the sector's middle half-€31,032within the sector's middle half▼ 44.7%-€43,720within the sector's middle half▼ 40.9%€2,052within the sector's middle half
Equity€241,783-€301,530▲ 24.7%€363,797within the sector's middle half▲ 20.7%€380,775below the sector's middle half▲ 4.7%€359,333below the sector's middle half▼ 5.6%€328,300below the sector's middle half▼ 8.6%€284,580below the sector's middle half▼ 13.3%€286,632below the sector's middle half▲ 0.7%
Total assets€756,650-€795,755▲ 5.2%€908,682within the sector's middle half▲ 14.2%€879,147within the sector's middle half▼ 3.3%€872,745within the sector's middle half▼ 0.7%€956,094within the sector's middle half▲ 9.6%€963,815within the sector's middle half▲ 0.8%€904,927below the sector's middle half▼ 6.1%
Debt€457,867-€437,225▼ 4.5%€487,884▲ 11.6%€498,372▲ 2.1%€513,413▲ 3.0%€627,793▲ 22.3%€679,235▲ 8.2%€618,295▼ 9.0%
Working capital€538,392-€424,433▼ 21.2%€510,654within the sector's middle half▲ 20.3%€518,082within the sector's middle half▲ 1.5%€537,293within the sector's middle half▲ 3.7%€582,129within the sector's middle half▲ 8.3%€602,076within the sector's middle half▲ 3.4%€559,493within the sector's middle half▼ 7.1%
Solvency32.0%-37.9%▲ 5.9pp40.0%within the sector's middle half▲ 2.1pp43.3%within the sector's middle half▲ 3.3pp41.2%within the sector's middle half▼ 2.1pp34.3%below the sector's middle half▼ 6.8pp29.5%below the sector's middle half▼ 4.8pp31.7%within the sector's middle half▲ 2.1pp
Current ratio3.78-3.47▼ 0.313.43within the sector's middle half▼ 0.043.52within the sector's middle half▲ 0.083.50within the sector's middle half▼ 0.023.05within the sector's middle half▼ 0.452.99within the sector's middle half▼ 0.063.14within the sector's middle half▲ 0.14
Return on assets (ROA)-3.7%-7.5%▲ 11.2pp6.9%within the sector's middle half▼ 0.7pp1.9%within the sector's middle half▼ 4.9pp-2.5%within the sector's middle half▼ 4.4pp-3.2%below the sector's middle half▼ 0.8pp-4.5%below the sector's middle half▼ 1.3pp0.2%within the sector's middle half▲ 4.8pp
Staff (FTE)10.9-10.9=10.5within the sector's middle half▼ 3.7%11within the sector's middle half▲ 4.8%10.3within the sector's middle half▼ 6.4%10.6within the sector's middle half▲ 2.9%10.5within the sector's middle half▼ 0.9%10.9within the sector's middle half▲ 3.8%
above
within
below
The sector band is the middle half of the companies in Activities of membership organisations (NACE 94). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €6,216, smaller than the loss of €57,452 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €904,927
Fixed assets
€83,699 ▲ 40.2%
Current assets
€821,227 ▼ 9.2%
Equity and liabilities €904,927
Equity
€286,632 ▲ 0.7%
Debt
€618,295 ▼ 9.0%
Debt's share of the balance-sheet total falls from 70.5% to 68.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,649▲
2024 · -€19,620
Cash flow
€47,916▲
2024 · -€5,888
Debt to equity
2.16▼
2024 · 2.39
ROE
0.7%▲
2024 · -15.4%
Interest coverage
32.05▲
2024 · -9.65
Debt ≤ 1 year
€261,735▼
2024 · €302,039
Income taxes
€4,028▼
2024 · €5,631
Staff costs
€772,390▲
2024 · €742,552
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 13 | 11 | 13 | 12 |
| full-time | 9 | 8 | 9 | 9 | 8 |
| part-time | 2 | 5 | 2 | 4 | 4 |
| in full-time equivalents | 10.6 | 10.5 | 10.3 | 11.4 | 11.2 |
| Average over the year, in full-time equivalents | 11 | 10.3 | 10.6 | 10.5 | 10.9 |
| On a permanent contract | 10 | 11 | 11 | 11 | 11 |
| Joined | 3 | 8 | 2 | 4 | 6 |
| Left | 3 | 6 | 4 | 2 | 7 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,853 | €5,521 | €5,746 | €6,519 | €6,582 |
| Intangible fixed assets | €20,981 | €18,295 | €28,175 | €968 | €63,259 |
| Financial fixed assets | - | - | €8 | €26 | €23 |
| Depreciation and write-downs of the year | €58,407 | €58,656 | €64,265 | €37,832 | €45,865 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 11 entries · €2.6m awarded · €2.5m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €654,595 | €651,372 |
| 2024 | 4 | €714,136 | €692,891 |
| 2023 | 3 | €624,679 | €688,028 |
| 2022 | 2 | €597,258 | €484,570 |
Schemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €551,233 | €633,858 | €679,194 | €742,552 | €772,390 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,605 | €59,850 | €66,432 | €58,407 | €58,656 | €64,265 | €37,832 | €45,865 | ▲ 21.2% |
| Other operating charges640/8 | - | - | - | €55,880 | €10,574 | €39,711 | €17,630 | €122 | ▼ 99.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €600 | - |
| Gross operating margin9900 | €591,238 | €632,131 | €655,733 | €626,995 | €683,060 | €753,210 | €740,563 | €812,761 | ▲ 9.7% |
| Operating profit (loss)9901 | €67,659 | €42,335 | €62,772 | €18,475 | -€20,029 | -€29,961 | -€57,452 | -€6,216 | ▲ 89.2% |
| Financial income75/76B | - | - | - | €3 | €0 | €428 | €21,396 | €13,533 | ▼ 36.8% |
| Recurring financial income75 | €3,619 | €0 | €11 | €3 | €0 | €428 | €18,771 | €13,433 | ▼ 28.4% |
| Non-recurring financial income76B | - | - | - | - | - | - | €2,625 | €100 | ▼ 96.2% |
| Financial charges65/66B | - | - | - | €1,500 | €1,414 | €1,372 | €2,032 | €1,237 | ▼ 39.1% |
| Recurring financial charges65 | €768 | €1,834 | €517 | €1,500 | €1,414 | €1,372 | €2,032 | €1,237 | ▼ 39.1% |
| Profit (loss) for the period before taxes9903 | €70,510 | €40,502 | €62,267 | €16,978 | -€21,442 | -€30,904 | -€38,089 | €6,080 | - |
| Income taxes67/77 | - | - | - | - | - | €128 | €5,631 | €4,028 | ▼ 28.5% |
| Profit (loss) for the period9904 | -€28,027 | €59,747 | €62,267 | €16,978 | -€21,442 | -€31,032 | -€43,720 | €2,052 | - |
| Profit (loss) for the period to be appropriated9905 | -€28,027 | €59,747 | €62,267 | €16,978 | -€21,442 | -€31,032 | -€43,720 | €2,052 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €756,650 | €795,755 | €908,682 | €879,147 | €872,745 | €956,094 | €963,815 | €904,927 | ▼ 6.1% |
| Fixed assets21/28 | €24,812 | €199,436 | €188,039 | €155,195 | €120,355 | €90,019 | €59,700 | €83,699 | ▲ 40.2% |
| Intangible fixed assets21 | €7,792 | €68,124 | €48,171 | €46,101 | €35,247 | €24,882 | €10,106 | €50,631 | ▲ 401% |
| Tangible fixed assets22/27 | €12,631 | €127,063 | €135,150 | €103,647 | €79,661 | €59,683 | €44,113 | €27,565 | ▼ 37.5% |
| Plant, machinery and equipment23 | - | - | - | €9,579 | €6,415 | €5,671 | €6,950 | €7,250 | ▲ 4.3% |
| Furniture and vehicles24 | - | - | - | €5,437 | €2,341 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €88,631 | €70,905 | €54,012 | €37,163 | €20,315 | ▼ 45.3% |
| Financial fixed assets28 | €4,389 | €4,249 | €4,719 | €5,447 | €5,447 | €5,455 | €5,481 | €5,504 | ▲ 0.4% |
| Current assets29/58 | €731,838 | €596,319 | €720,642 | €723,952 | €752,390 | €866,075 | €904,116 | €821,227 | ▼ 9.2% |
| Amounts receivable within one year40/41 | €66,661 | €57,846 | €67,680 | €63,915 | €124,669 | €62,099 | €69,073 | €75,662 | ▲ 9.5% |
| Trade receivables40 | - | - | - | €822 | €2,067 | €3,488 | €1,702 | €7,407 | ▲ 335% |
| Other amounts receivable41 | - | - | - | €63,093 | €122,603 | €58,611 | €67,370 | €68,255 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €651,585 | €530,816 | €637,533 | €649,001 | €615,727 | €793,958 | €826,367 | €735,743 | ▼ 11.0% |
| Deferred charges and accrued income490/1 | - | - | - | €11,036 | €11,994 | €10,017 | €8,676 | €9,822 | ▲ 13.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €756,650 | €795,755 | €908,682 | €879,147 | €872,745 | €956,094 | €963,815 | €904,927 | ▼ 6.1% |
| Equity10/15 | €241,783 | €301,530 | €363,797 | €380,775 | €359,333 | €328,300 | €284,580 | €286,632 | ▲ 0.7% |
| Contributions10/11 | - | - | - | - | - | €116,825 | €116,825 | €116,825 | = |
| Capital10 | - | - | - | - | - | €116,825 | €116,825 | €116,825 | = |
| Reserves13 | - | - | - | €195,401 | €175,401 | €150,401 | €117,901 | €102,901 | ▼ 12.7% |
| Profit (loss) carried forward14 | €32,777 | €51,282 | €68,549 | €68,549 | €67,107 | €61,074 | €49,854 | €66,906 | ▲ 34.2% |
| Provisions and deferred taxes16 | €57,000 | €57,000 | €57,000 | - | - | - | - | - | - |
| Amounts payable17/49 | €457,867 | €437,225 | €487,884 | €498,372 | €513,413 | €627,793 | €679,235 | €618,295 | ▼ 9.0% |
| Amounts payable within one year42/48 | €193,446 | €171,887 | €209,988 | €205,870 | €215,098 | €283,946 | €302,039 | €261,735 | ▼ 13.3% |
| Trade debts44 | €42,426 | €42,723 | €53,156 | €31,777 | €17,495 | €33,370 | €44,865 | €23,351 | ▼ 48.0% |
| Suppliers440/4 | - | - | - | €31,777 | €17,495 | €33,370 | €44,865 | €23,351 | ▼ 48.0% |
| Taxes, remuneration and social security45 | - | - | - | €59,201 | €91,996 | €105,555 | €115,215 | €88,320 | ▼ 23.3% |
| Taxes450/3 | - | - | - | - | - | €21,159 | €21,821 | €18,176 | ▼ 16.7% |
| Remuneration and social security454/9 | - | - | - | €59,201 | €91,996 | €84,396 | €93,394 | €70,145 | ▼ 24.9% |
| Accrued charges and deferred income492/3 | - | - | - | €292,502 | €298,315 | €343,848 | €377,196 | €356,560 | ▼ 5.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,027 | €59,747 | €62,267 | €16,978 | -€21,442 | -€31,032 | -€43,720 | €2,052 | - |
| + Depreciation and write-downs630 | €13,605 | €59,850 | €66,432 | €58,407 | €58,656 | €64,265 | €37,832 | €45,865 | ▲ 21.2% |
| Operating cash flow (approximation) | -€14,422 | €119,597 | €128,699 | €75,385 | €37,214 | €33,232 | -€5,888 | €47,916 | - |
| Investment in fixed assets (approximation) | - | -€234,474 | -€55,036 | -€25,562 | -€23,817 | -€33,928 | -€7,513 | -€69,864 | ▼ 830% |
| Change in cash | - | -€120,769 | €106,717 | €11,468 | -€33,275 | €178,231 | €32,408 | -€90,623 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as FOS OPEN SCOUTING has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FOS OPEN SCOUTING itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for FOS OPEN SCOUTING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00237220 | |
| 31-12-2024 | abbreviated format | 07-04-2025 | 2025-00066515 | |
| 31-12-2023 | abbreviated format | 13-06-2024 | 2024-00134962 | |
| 31-12-2022 | abbreviated format | 31-03-2023 | 2023-00052598 | |
| 31-12-2021 | abbreviated format | 22-06-2022 | 2022-20086901 | |
| 31-12-2020 | abbreviated format | 05-07-2021 | 2021-33200323 | |
| 31-12-2019 | abbreviated format | 05-06-2020 | 2020-14900534 | |
| 31-12-2018 | abbreviated format | 18-07-2019 | 2019-36000180 | |
| 31-12-2017 | abbreviated format | 25-04-2018 | 2018-10600227 | |
| 31-12-2016 | abbreviated format | 29-05-2017 | 2017-13600098 |