Equity
€30,274 from €71,169 in 2022
Equity fell by 57% in 3 years.
FS-ADMIN
Lifetime
8 annual accounts with figures on one time axispeak €270,412 (2021)
€37,640▼ 79.8%
lowest -€84,304 (2023)
€5,371▼ 85.9%
peak €71,169 (2022)
€30,274▲ 21.6%
€107,030▲ 28.1%
peak 2.4 FTE (2020)
-not published
Board3 names since 2017
2 directorsDHUYVETTERS Sanne and 1 other
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Gross margin from €186,247 to €37,640Result from €38,039 to €5,371Equity from €24,904 to €30,274Debts from €83,551 to €107,030
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The accounts state no turnover.
Debts
€107,030 78% of the balance sheet
Financial debts 66%Suppliers 5%Taxes and wages 1%Other 28%
Of this, €36,625 falls due within a year.
Investments
€40,991 5.5 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.83 was 1.57 in 2024
Short-term debts rose from €30,051 to €36,625.
Filings
8 annual accounts 2 late
The 2024 accounts came latest: 25 days after the end of the period.
Checked score
84
Excellent
Financially stronger than 54% of micro companies in other mining and quarrying (NACE 08)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 115 companies (NACE 08, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.8%
01-2025: 3.8%● unchanged vs 12-2024
02-2025: 3.8%● unchanged vs 01-2025
03-2025: 3.8%● unchanged vs 02-2025
04-2025: 3.9%▲ +0.1 percentage points vs 03-2025
05-2025: 4.1%▲ +0.2 percentage points vs 04-2025
06-2025: 3.9%▼ -0.2 percentage points vs 05-2025
07-2025: 4.1%▲ +0.2 percentage points vs 06-2025
08-2025: 4.7%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 0.6%▼ -4.1 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▼ -0.2 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.4%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €137,304
Profit of €5,371 (financial year 2025)
lowers risk
Liquidity: current ratio 2.83, cash €16,001
Figures for financial year 2025 (filed on 02-07-2026)
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 08, micro). It does better than 22% of them on solvency, 52% on liquidity, 57% on profitability and 85% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 3,274 companies had the same profile as FS-ADMIN has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FS-ADMIN itself is lower: 0.4% within 12 months. It rests on far more data about FS-ADMIN than the profile alone.
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 3,274 companies, not a prediction for FS-ADMIN. 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 €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.83 (1.57 in 2024), above the usual 1.5. Short-term debt is 26.7% and cash 11.7% of total assets. However, 78% 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 days early
2024
25 days late
2023
41 days early
2022
34 days early
2021
34 days early
2020
33 days early
2019
on the day
← 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 21 days before the deadline. In the sector (NACE 08), the median for financial year 2024 was 21 days before the deadline, and 30% 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 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0685679142
Company renamed from NATUURSTEEN CHRISTIAENS - DHUYVETTERS to FS-ADMIN
Registered office moved from Ruiselede to Aalter · New registered office: Urselseweg 117, 9910 Aalter · Previous registered office: Brandstraat 62/A, 8755 Ruiselede · General meeting of 30-08-2024 · Gazette deed
2 managers resigning, 2 directors reappointed
Resignations: CHRISTIAENS Dieter (manager) and DHUYVETTERS Sanne (manager) · Reappointments: CHRISTIAENS Dieter (director) and DHUYVETTERS Sanne (director) · General meeting of 23-05-2022 · Gazette deed
First establishment
Urselseweg 117, Aalter
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FS-ADMIN Aalter | €137,304 | €37,640 | 22.0% | - |
| Assistance pour Carrières de Roche Ornementale Guillaume Orban Jurbise | €131,641 | €36,442 | 52.5% | - |
| BAKOBELGIUM Fernelmont | €77,288 | €32,171 | 86.2% | 0.8 |
| CARRIERE LES ROCHETTES Bertrix | €285,321 | €37,112 | 8.6% | - |
| L’atelier Cutaia La Louvière | €184,420 | €17,622 | -3.1% | - |
| PIERRE ANGULAIRE Molenbeek-Saint-Jean | €395,213 | €193,658 | 28.3% | - |
| PARYSTONE Oudenaarde | €689,807 | €270,993 | 32.3% | - |
These companies have the same main activity as FS-ADMIN: other mining and quarrying (NACE 08111). They are comparable in size and age: total assets between €77,300 and €690,000, founded between 2012 and 2021.
Official details
Source: KBO- Status
- Active since 06-12-2017Normal situation
- Activity
- Other mining and quarryingNACE 08111and 4 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.270.989.1409910 Aalter, since 02-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Annual accounts 2025
- €137,304▲ 26.6%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on FS-ADMIN
FS-ADMIN files the micro format. That format states no turnover. The gross margin fell from €211,885 in 2018 to €37,640 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 FS-ADMIN
- What is the company number of FS-ADMIN?
- The company number of FS-ADMIN is 0685.679.142. The VAT number is the same number with BE in front: BE 0685.679.142.
- Where is FS-ADMIN based?
- The registered office is at Urselseweg 117, 9910 Aalter.Company details
- What does FS-ADMIN do?
- According to the KBO register, the main activity is other mining and quarrying (NACE 08111).
- What is the legal form of FS-ADMIN?
- FS-ADMIN is a private limited company (BV).
- When was FS-ADMIN founded?
- FS-ADMIN was founded on 06-12-2017.
- Is FS-ADMIN still active?
- Yes, FS-ADMIN is an active enterprise in the KBO register.
- How many employees does FS-ADMIN have?
- FS-ADMIN had an average of 2.4 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does FS-ADMIN fall under?
- In its 2023 annual accounts, FS-ADMIN states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of FS-ADMIN?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €37,640 and 2,934 comparable companies of the same size. It probably lies between €91,000 and €270,000. It is a rough estimate.
- Is FS-ADMIN profitable?
- In financial year 2025, FS-ADMIN made a profit of €5,371.
- Where can I find the annual accounts of FS-ADMIN?
- FS-ADMIN filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FS-ADMIN due?
- FS-ADMIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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