FPPM BE
InactiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 17-07-2026 at the NBB all 8 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€95,211▲ 69.0%
2025 · -€307,169
Working capital
€8,244
2025 · -€20,555
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€93,561
▲ 68.7%
2026
20192026
Net result
-€95,211
▲ 69.0%
2026
20192026
Equity
-€1.3m
▼ 7.7%
2026
20192026
Total assets
€8,244
▼ 93.5%
2026
20192026
Debt
€1.3m
▼ 1.8%
2026
20192026
Working capital
€8,244
2026
20192026
Staff (FTE)
0.3
▼ 89.7%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€0.02m--€0.4m▼ 1,964%-€0.3m▲ 29.4%-€0.3m▲ 6.4%-€0.3m▼ 9.3%-€0.2m▲ 46.6%-€0.3m▼ 93.9%-€0.09m▲ 68.7%
Net result-€0.02m--€0.4m▼ 1,947%-€0.3m▲ 27.8%€0.1m-€0.3m-€0.2m▲ 46.0%-€0.3m▼ 92.9%-€0.1m▲ 69.0%
Equity€0.08m--€0.3m-€0.6m▼ 90.2%-€0.5m▲ 23.1%-€0.8m▼ 62.6%-€0.9m▼ 20.8%-€1.2m▼ 33.2%-€1.3m▼ 7.7%
Total assets€0.3m-€0.5m▲ 93.4%€0.5m▼ 9.3%€0.4m▼ 6.5%€0.3m▼ 19.2%€0.3m▼ 23.7%€0.1m▼ 52.1%€0.008m▼ 93.5%
Debt€0.2m-€0.8m▲ 354%€1.1m▲ 29.3%€0.9m▼ 16.0%€1.1m▲ 23.5%€1.2m▲ 6.9%€1.4m▲ 14.1%€1.3m▼ 1.8%
Working capital€0.1m-€0.06m▼ 55.0%-€0.7m-€0.5m▲ 24.7%-€0.8m▼ 53.5%€0.2m-€0.02m€0.008m
Staff (FTE)0.8-4.8▲ 500%8.4▲ 75.0%7.1▼ 15.5%3.9▼ 45.1%3.4▼ 12.8%2.9▼ 14.7%0.3▼ 89.7%
The operating result for 2026 is a loss of €93,561, smaller than the loss of €299,012 in 2025.
Large changes and their cause
- 2026 Net result +69% on 2025. This financial year ran 9 months, the previous one 12. The accounts now follow the abbreviated format, last year the full format.
Key figures and ratios
EBITDA
-€93,561▲
2025 · -€290,770
Cash flow
-€95,211▲
2025 · -€298,926
Interest coverage
-55.18▼
2025 · -35.65
Debt ≤ 1 year
€0▼
2025 · €148,096
Debt > 1 year
€1.3m▲
2025 · €1.2m
Staff costs
€36,331▼
2025 · €177,979
A ratio outside any meaningful range has been withheld (balance sheet total €8,244, equity -€1.3m).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 4 | 4 | 2 | - |
| full-time | 5 | 1 | 1 | 0 | - |
| part-time | 3 | 3 | 3 | 2 | - |
| in full-time equivalents | 7.4 | 3.1 | 3.2 | 1.4 | - |
| Average over the year, in full-time equivalents | 7.1 | 3.9 | 3.4 | 2.9 | 0.3 |
| On a permanent contract | 6 | 4 | 2 | 1 | - |
| Joined | 6 | 5 | 13 | 6 | 0 |
| Left | 7 | 9 | 13 | 8 | 2 |
| Training hours | - | 8 | - | 0 | - |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 | 30-06-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,464 | - | - | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €18,021 | €17,474 | €13,597 | €8,242 | €0 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €229,915 | €288,635 | €205,053 | €172,941 | €177,979 | €36,331 | ▼ 79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,265 | €8,521 | €17,755 | €18,021 | €17,474 | €13,597 | €8,242 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €3,085 | €14,150 | €10,669 | €9,643 | €10,132 | €3,071 | ▼ 69.7% |
| Non-recurring operating charges66A | - | - | - | - | €3,870 | €0 | €35,896 | €2,147 | ▼ 94.0% |
| Gross operating margin9900 | €2,084 | -€230,074 | -€31,297 | €56,671 | -€51,682 | €41,997 | -€66,763 | -€52,012 | ▲ 22.1% |
| Operating profit (loss)9901 | -€19,340 | -€399,246 | -€282,052 | -€264,134 | -€288,747 | -€154,185 | -€299,012 | -€93,561 | ▲ 68.7% |
| Financial income75/76B | - | - | €239 | €414,700 | €616 | €0 | - | €46 | - |
| Recurring financial income75 | €4 | €1,862 | €239 | €101 | €616 | €0 | - | €46 | - |
| Non-recurring financial income76B | - | - | - | €414,600 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | €8,981 | €8,873 | €7,053 | €5,094 | €8,156 | €1,695 | ▼ 79.2% |
| Recurring financial charges65 | €349 | €5,475 | €8,981 | €8,873 | €7,053 | €5,094 | €8,156 | €1,695 | ▼ 79.2% |
| Profit (loss) for the period before taxes9903 | -€19,685 | -€402,858 | -€290,794 | €141,693 | -€295,185 | -€159,278 | -€307,169 | -€95,211 | ▲ 69.0% |
| Profit (loss) for the period9904 | -€19,685 | -€402,858 | -€290,794 | €141,693 | -€295,185 | -€159,278 | -€307,169 | -€95,211 | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | -€19,685 | -€402,858 | -€290,794 | €141,693 | -€295,185 | -€159,278 | -€307,169 | -€95,211 | ▲ 69.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.1m | €0.008m | ▼ 93.5% |
| Fixed assets21/28 | €0.02m | €0.08m | €0.06m | €0.04m | €0.02m | €0.008m | €50 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.02m | €0.08m | €0.06m | €0.04m | €0.02m | €0.008m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | €0.05m | €0.04m | €0.02m | €0.007m | €0 | - | - |
| Other tangible fixed assets26 | - | - | €0.006m | €0.005m | €0.003m | €0.002m | €0 | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €0 | ▼ 100% |
| Current assets29/58 | €0.2m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.1m | €0.008m | ▼ 93.5% |
| Stocks and contracts in progress3 | €0.09m | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | €0.09m | €0 | ▼ 100% |
| Stocks30/36 | - | - | €0.3m | €0.2m | €0.1m | €0.1m | €0.09m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €33 | €0.001m | €96 | €178 | €0.01m | €0.003m | €0.02m | €0.008m | ▼ 66.1% |
| Trade receivables40 | - | - | €96 | €23 | €0.006m | €95 | €0 | - | - |
| Other amounts receivable41 | - | - | €0 | €155 | €0.006m | €0.003m | €0.02m | €0.008m | ▼ 66.1% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | €0.1m | €0.01m | €442 | ▼ 96.8% |
| Deferred charges and accrued income490/1 | - | - | €0.005m | €0.01m | €0.003m | €0.002m | €0.004m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.1m | €0.008m | ▼ 93.5% |
| Equity10/15 | €0.08m | -€0.3m | -€0.6m | -€0.5m | -€0.8m | -€0.9m | -€1.2m | -€1.3m | ▼ 7.7% |
| Contributions10/11 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.4m | -€0.7m | -€0.6m | -€0.9m | -€1.0m | -€1.3m | -€1.4m | ▼ 7.1% |
| Amounts payable17/49 | €0.2m | €0.8m | €1.1m | €0.9m | €1.1m | €1.2m | €1.4m | €1.3m | ▼ 1.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €1.1m | €1.2m | €1.3m | ▲ 10.2% |
| Financial debts170/4 | - | - | - | - | - | €0.3m | €0.3m | €0.3m | ▲ 31.5% |
| Trade debts175 | - | - | - | - | - | €0.9m | €1.0m | €1.0m | ▲ 4.6% |
| Amounts payable within one year42/48 | €0.1m | €0.4m | €1.1m | €0.9m | €1.1m | €0.07m | €0.1m | €0 | ▼ 100% |
| Trade debts44 | €0.08m | €0.08m | €0.7m | €0.6m | €0.8m | €0.02m | €0.09m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €0.7m | €0.6m | €0.8m | €0.02m | €0.09m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €0.08m | €0.08m | €0.06m | €0.05m | €0.06m | €0 | ▼ 100% |
| Taxes450/3 | - | - | €0.05m | €0.03m | €0.03m | €0.02m | €0.02m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | €0.03m | €0.05m | €0.03m | €0.02m | €0.04m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €0.3m | €0.3m | €0.3m | €478 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €0 | €0.008m | €0.01m | €0.004m | €297 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,685 | -€402,858 | -€290,794 | €141,693 | -€295,185 | -€159,278 | -€307,169 | -€95,211 | ▲ 69.0% |
| + Depreciation and write-downs630 | €1,265 | €8,521 | €17,755 | €18,021 | €17,474 | €13,597 | €8,242 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€18,420 | -€394,337 | -€273,039 | €159,714 | -€277,711 | -€145,681 | -€298,926 | -€95,211 | ▲ 68.1% |
| Investment in fixed assets (approximation) | - | -€63,198 | €0 | -€1,464 | €3,826 | €0 | €0 | €50 | - |
| Change in cash | - | €34,987 | -€35,874 | -€3,087 | €38,368 | -€47,588 | -€119,875 | -€13,320 | ▲ 88.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2026 | abbreviated format | 17-07-2026 | 2026-00313112 | |
| 30-09-2025 | full format | 23-04-2026 | 2026-00087180 | |
| 30-09-2024 | full format | 11-03-2025 | 2025-00046987 | |
| 30-09-2023 | full format | 30-04-2024 | 2024-00079594 | |
| 30-09-2022 | full format | 23-05-2023 | 2023-00093208 | |
| 30-09-2021 | full format | 13-04-2022 | 2022-20003833 | |
| 30-09-2020 | full format | 24-03-2021 | 2021-08300438 | |
| 30-09-2019 | full format | 19-03-2020 | 2020-07000401 |