Equity
€482,594 from €865,166 in 2018
Equity fell by 44% in 7 years.
FPLT
Lifetime
11 annual accounts with figures on one time axispeak €3,984 (2022)
-€15,546▼ €15,151
lowest -€9,529 (2023)
-€7,321▼ €7,534
peak €865,166 (2018)
€482,594▼ 1.5%
€478,027▲ 13×
Board3 names since 2014
2 directorsMORSILLO Philippe and 1 other
Documentsfilings and deeds
17-08-202617 days late
2025micro format
Gross margin from -€395 to -€15,546Loss of €7,321Debts from €36,615 to €478,027
Key points
from the 2025 annual accountsAt the same address
581 companies
Position in the sector
-€7,321
Lower net result than 87% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
2025 accounts filed 17 days after the deadlineTurnover not published (micro format)
Checked score
87
Excellent
Financially stronger than 29% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.2%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €960,621
Figures for financial year 2025 (filed on 17-08-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 46% of them on solvency, 16% on liquidity, 18% on profitability and 36% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as FPLT has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FPLT itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,686 companies, not a prediction for FPLT. 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.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.09 (2.69 in 2024), below the usual 1.5. Short-term debt is 48.9% and cash 7.4% of total assets. 49.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
17 days late
2024
31 days early
2023
33 days early
2022
73 days early
2021
47 days early
2020
122 days early
2019
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MF
Morsillo Fabienne
Director, since 30-04-2014
Shares in 1 company, AD Compagnies sas
Board & ownershipRecent changes
Registered office moved within Brussels
New registered office: Avenue Louise 231, 1050 Bruxelles · Previous registered office: Avenue Louise 523, 1050 Bruxelles · General meeting of 03-09-2026 · Gazette deed
2 directors resigning, 2 reappointments
Resignations: MÉRET Fabienne and MORSILLO Philippe · Reappointments: MÉRET Fabienne (director) and MORSILLO Philippe (director) · Director discharge: MÉRET Fabienne · General meeting of 18-12-2020 · Gazette deed
Incorporation
published on 02-05-2014 · Gazette deed
First establishment
FLPT, Louizalaan 231, Ixelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FPLT Ixelles | €1.0m | -€15,546 | 50.2% | - |
| Marevapo Ixelles | €1.1m | -€7,431 | 35.9% | - |
| AGA Conseil Ixelles | €0.8m | -€3,492 | 77.5% | - |
| Reductis Brussels | €0.8m | -€39,359 | -8.6% | 0.3 |
| BELURA MANAGEMENT Brussels | €1.0m | -€78,910 | 58.3% | - |
| MARCH CONSEIL Sint-Gillis (bij-Brussel) | €1.1m | -€52,457 | -32.9% | - |
| NEXT CAP INVESTMENT Uccle | €1.2m | -€119,551 | 84.9% | - |
These companies have the same main activity as FPLT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €798,000 and €1.2m, founded between 2013 and 2015.
Official details
Source: KBO- Status
- Active since 29-04-2014Normal situation
- Registered office
- 582 active companies are registered at this address52 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.239.447.4131050 Ixelles, since 29-04-2014
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on FPLT
FPLT files the micro format. That format states no turnover. The gross margin fell from -€9,293 in 2015 to -€15,546 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FPLT
- What is the company number of FPLT?
- The company number of FPLT is 0550.992.860. The VAT number is the same number with BE in front: BE 0550.992.860.
- Where is FPLT based?
- The registered office is at Louizalaan 231, 1050 Ixelles.Company details
- What does FPLT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FPLT?
- FPLT is a private limited company (BV).
- When was FPLT founded?
- FPLT was founded on 29-04-2014.
- Is FPLT still active?
- Yes, FPLT is an active enterprise in the KBO register.
- What is the turnover of FPLT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FPLT profitable?
- In financial year 2025, FPLT made a loss of €7,321.
- Where can I find the annual accounts of FPLT?
- FPLT filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FPLT due?
- FPLT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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