FPPGO
ActiveSummary
The annual accounts of FPPGO for financial year 2025 show a net loss of 57% of total assets. The 2025 annual accounts show equity of €1,410 and a net result of -€1,061. Its solvency ranks better than 78% of 2,593 sector peers (NACE 85, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €1,410
- Loss
- -€1,061
- Board
- 4 members
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €1,061, the second in a row (financial year 2025)lowers riskSector: Education (NACE 85)Size: total assets €1,875Liquidity: current ratio 4.30, cash €1,331Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 85, micro): better than 88% on solvency, 84% on liquidity, 6% on profitability and 14% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 24 days before the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointments: LEYH François-Xavier Erik Dominique…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €832 in 2025 against €3,419 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,223 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €772 | - | - |
| Gross operating margin9900 | -€2,647 | -€832 | ▲ 68.6% |
| Operating profit (loss)9901 | -€3,419 | -€832 | ▲ 75.7% |
| Financial income75/76B | €1 | - | - |
| Recurring financial income75 | €1 | - | - |
| Financial charges65/66B | €112 | €229 | ▲ 105% |
| Recurring financial charges65 | €112 | €229 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | -€3,529 | -€1,061 | ▲ 69.9% |
| Profit (loss) for the period9904 | -€3,529 | -€1,061 | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,529 | -€1,061 | ▲ 69.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2,643 | €1,875 | ▼ 29.0% |
| Current assets29/58 | €2,643 | €1,875 | ▼ 29.0% |
| Cash at bank and in hand54/58 | €2,643 | €1,331 | ▼ 49.6% |
| Deferred charges and accrued income490/1 | - | €545 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2,643 | €1,875 | ▼ 29.0% |
| Equity10/15 | €2,471 | €1,410 | ▼ 42.9% |
| Contributions10/11 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€3,529 | -€4,590 | ▼ 30.1% |
| Amounts payable17/49 | €172 | €466 | ▲ 170% |
| Amounts payable within one year42/48 | €172 | €436 | ▲ 153% |
| Trade debts44 | €172 | €436 | ▲ 153% |
| Suppliers440/4 | €172 | €436 | ▲ 153% |
| Accrued charges and deferred income492/3 | - | €29 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,529 | -€1,061 | ▲ 69.9% |
| Operating cash flow (approximation) | -€3,529 | -€1,061 | ▲ 69.9% |
| Change in cash | - | -€1,312 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00218328 |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00285813 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GEERINCKX Thibaud Bruno Vivien |
|
| KOG Frédéric Alexis Remacle Jules |
|
| LAVAL Fabian François Arthur Joseph |
|
| LEYH François-Xavier Erik Dominique |
|
Owners and capital
Capital and shareholders
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-09-2023 Incorporation · €6,000 · 100 shares
Group and network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-09
Gazette deed
IncorporationAppointments: LEYH François-Xavier Erik Dominique, KOG Frédéric Alexis Remacle Jules and 2 others · Founder · Founding capital19 facts ▸
- Founder, LEYH François-Xavier Erik Dominique
- Founder, KOG Frédéric Alexis Remacle Jules
- Founder, GEERINCKX Thibaud Bruno Vivien
- Founder, LAVAL Fabian François Arthur Joseph
- Incorporation, “FPPGO” (deed in French)
- Founding capital, €6,000
- Capital
- Registered office clause, “5030 Gembloux,Chaussée de Namur 98/1” (deed in French)
- Board rule, 4
- Director appointment, LEYH François-Xavier Erik Dominique (director (not named in the articles))
- Director appointment, KOG Frédéric Alexis Remacle Jules (director (not named in the articles))
- Director appointment, GEERINCKX Thibaud Bruno Vivien (director (not named in the articles))
- +7 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92053B0055/00F024 | Wallonia | 1,045 m² | 1 · 461 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Dispenser des formations de perfectionnement en ostéopathie; La participation,l'organisation ou la promotion,hors ou dans ses locaux,de…” (deed in French)
7 activities (deed in French)
- Dispenser des formations de perfectionnement en ostéopathie.
- La participation,l'organisation ou la promotion,hors ou dans ses locaux,de rencontres avec d'autres groupements,sociétés,entreprises,associations ayant des activités similaires,de cours,de stages,de séminaires,de formations individuelles ou collectives.
- La mise à disposition de locaux,biens et services divers en rapport direct ou indirect avec son objet.
- La constitution et la gestion d'un patrimoine immobilier;toutes les opérations relatives aux biens immobiliers et aux droits réels immobiliers,telles que la location-financement de biens immobiliers aux tiers,l'achat,la vente,l'échange,la construction,la transformation,l'entretien,la mise en location,la prise en location,le lotissement,la prospection et l'exploitation de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et de manière générale de tous biens immobiliers;
- L’achat et la vente,la prise en location et la mise en location de biens mobiliers,ainsi que toutes les opérations qui sont directement ou indirectement liées à cet objet et qui sont de nature à favoriser le rendement des biens mobiliers et immobiliers,ainsi que se porter garante pour le bon déroulement d'engagements pris par de tierces personnes qui ont éventuellement la jouissance de ces biens mobiliers et immobiliers;
- La constitution et la gestion d'un patrimoine mobilier,toutes les opérations,de quelque nature qu'elles soient,relatives à des biens et des droits meubles,telles que l'acquisition,par souscription ou par achat,et la gestion d'actions,d'obligations,de bons de caisse ou d'autres valeurs meubles,de quelque forme que ce soit,de personnes morales et d'entreprises belges ou étrangères existantes ou à constituer.
- Toutes activités d'entreprise générale de construction et toutes opérations techniques quelconques se rapportant à la construction,la rénovation et l’achèvement en matière immobilière;la transformation,l'aménagement de tout immeuble et notamment les travaux d'entreprise de menuiserie,de tapisserie,de pose de revêtements de murs et de sols,de cimenterie,de plafonnage,de peinture,de maçonnerie et béton,de taillerie de pierres et marbrerie,de vitrage,zinguerie,couvertures métalliques et non métalliques,et tous travaux de démolition,de même que l'installation de chauffage central,de chauffage au gaz par appareils individuels,de tout matériel électrique,de sanitaire et de plomberie.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FPPGO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que sans changement de régime linguistique applicable” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)“Portée aux frais généraux, assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Toutes cessions entre vifs à titre onéreux ou gratuit,volontaires ou forcées,y compris exclusion et retrait,en usufruit,nue-propriété ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés liquidateurs, si aucun autre liquidateur désigné” (deed in French)