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FS TRADE

Active
Private limited companyfounded 20197 yrs activeAvenue René Jurdant 70, 1340 Ottignies-Louvain-la-Neuve, BelgiumKBO/BCE: BE 0729.920.050
Summary

The computed 12-month bankruptcy probability of FS TRADE is 6.7% (elevated). The 2024 annual accounts show negative equity (-€259,057) and a net result of -€82,135. Equity remains stable across the filed fiscal years (±0.1% per year). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
6.7% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.35 in 2023; cash: 100% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Return on assets
-888.1%
Age of the figures
21 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 26-06-2026, 35 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
35 d early
2024
35 d early
2023
41 d early
2022
40 d early
2021
41 d early
2020
40 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 39 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 July 2019, FS TRADE was incorporated as a Private limited company.1 Total assets went from EUR 125,887 in 2019 to EUR 9,248 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€259,057▼ 46.4%
2023 · -€176,922
Total assets
€9,248▼ 90.4%
2023 · €96,507
Net result
-€82,135
2023 · €60,723
Working capital
-€258,925▼ 46.3%
2023 · -€176,922
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€2,378▲ 88.6%-€3,335▼ 40.3%-€2,513▲ 24.6%-€3,052▼ 21.4%-€2,750▲ 9.9%
Net result-€105,347▲ 40.5%€43,305€530▼ 98.8%€60,723▲ 11,351%-€82,135
Equity-€281,480▼ 59.8%-€238,175▲ 15.4%-€237,645▲ 0.2%-€176,922▲ 25.6%-€259,057▼ 46.4%
Total assets€40,436▼ 67.9%€57,285▲ 41.7%€84,601▲ 47.7%€96,507▲ 14.1%€9,248▼ 90.4%
Debt€321,915▲ 6.6%€295,460▼ 8.2%€322,245▲ 9.1%€273,429▼ 15.1%€268,306▼ 1.9%
Working capital-€281,480▼ 59.8%-€238,175▲ 15.4%-€237,645▲ 0.2%-€176,922▲ 25.6%-€258,925▼ 46.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0€50,000Operating result 2020: -€2,378-€2,378Net result 2020: -€105,347-€105,347Operating result 2021: -€3,335-€3,335Net result 2021: €43,305€43,305Operating result 2022: -€2,513-€2,513Net result 2022: €530€530Operating result 2023: -€3,052-€3,052Net result 2023: €60,723€60,723Operating result 2024: -€2,750-€2,750Net result 2024: -€82,135-€82,13520202021202220232024-€100,000-€50,000€0€50,000Operating result 2022: -€2,513-€2,510Net result 2022: €530€530Operating result 2023: -€3,052-€3,050Net result 2023: €60,723€60,700Operating result 2024: -€2,750-€2,750Net result 2024: -€82,135-€82,100202220232024
The operating result stays negative: a loss of €2,750 in 2024 against €3,052 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.03▼
2023 · 0.35
Debt to equity
-1.04▲
2023 · -1.55
ROA
-888.1%▼
2023 · 62.9%
Debt ≤ 1 year
€268,173▼
2023 · €273,429
A ratio outside any meaningful range has been withheld (balance sheet total €9,248, equity -€259,057).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 6,010 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet Code20232024
Assets
Total assets20/58€96,507€9,248▼
Current assets29/58€96,507€9,248▼
Current investments50/53-€0
Cash at bank and in hand54/58€83,150€9,248▼
Deferred charges and accrued income490/1€13,357€0▼
Equity and liabilities
Total equity and liabilities10/49€96,507€9,248▼
Equity10/15-€176,922-€259,057▼
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€177,922-€260,057▼
Amounts payable17/49€273,429€268,306▼
Amounts payable within one year42/48€273,429€268,173▼
Trade debts44-€0
Suppliers440/4-€0
Other amounts payable47/48€273,429€268,173▼
Accrued charges and deferred income492/3-€132
Income statement Code20232024
Other operating charges640/8€588€441▼
Gross operating margin9900-€2,464-€2,308▲
Operating profit (loss)9901-€3,052-€2,750▲
Financial income75/76B€178,920€116,016▼
Recurring financial income75€178,920€116,016▼
Financial charges65/66B€115,146€195,402▲
Recurring financial charges65€115,146€195,402▲
Profit (loss) for the period before taxes9903€60,723-€82,135▼
Profit (loss) for the period9904€60,723-€82,135▼
Profit (loss) for the period to be appropriated9905€60,723-€82,135▼
Appropriation of the result
Profit (loss) to be appropriated9906-€177,922-€260,057▼
Profit (loss) brought forward from the previous period14P-€238,645-€177,922▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€43€443€588€441▼ 24.9%
Gross operating margin9900-€2,378-€3,292-€2,071-€2,464-€2,308▲ 6.3%
Operating profit (loss)9901-€2,378-€3,335-€2,513-€3,052-€2,750▲ 9.9%
Financial income75/76B-€180,726€186,388€178,920€116,016▼ 35.2%
Recurring financial income75€386,043€180,726€186,388€178,920€116,016▼ 35.2%
Financial charges65/66B-€134,086€183,344€115,146€195,402▲ 69.7%
Recurring financial charges65€489,012€134,086€183,344€115,146€195,402▲ 69.7%
Profit (loss) for the period before taxes9903-€105,347€43,305€530€60,723-€82,135▼ 235%
Profit (loss) for the period9904-€105,347€43,305€530€60,723-€82,135▼ 235%
Profit (loss) for the period to be appropriated9905-€105,347€43,305€530€60,723-€82,135▼ 235%
Line20202021202220232024Change
Assets
Total assets20/58€40,436€57,285€84,601€96,507€9,248▼ 90.4%
Current assets29/58€40,436€57,285€84,601€96,507€9,248▼ 90.4%
Current investments50/53-€17,918--€0-
Cash at bank and in hand54/58€40,436€39,367€84,601€83,150€9,248▼ 88.9%
Deferred charges and accrued income490/1---€13,357€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€40,436€57,285€84,601€96,507€9,248▼ 90.4%
Equity10/15-€281,480-€238,175-€237,645-€176,922-€259,057▼ 46.4%
Contributions10/11-€1,000€1,000€1,000€1,000=
Profit (loss) carried forward14-€282,480-€239,175-€238,645-€177,922-€260,057▼ 46.2%
Amounts payable17/49€321,915€295,460€322,245€273,429€268,306▼ 1.9%
Amounts payable within one year42/48€321,915€295,460€322,245€273,429€268,173▼ 1.9%
Trade debts44----€0-
Suppliers440/4----€0-
Other amounts payable47/48-€295,460€322,245€273,429€268,173▼ 1.9%
Accrued charges and deferred income492/3----€132-
Line20202021202220232024Change
Profit (loss) for the period9904-€105,347€43,305€530€60,723-€82,135▼ 235%
Operating cash flow (approximation)-€105,347€43,305€530€60,723-€82,135▼ 235%
Change in cash--€1,068€45,233-€1,451-€73,902▼ 4,995%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
12-05
State Gazette act Registered office
Registered-office move · Director in office3 facts ▸
  • General meeting, 14-04-2026
  • Registered-office move, Avenue René jurdant 70, Ottignies-Louvain-la-Neuve 1340, Belgique
  • Director in office, Florian Schwebel (director)
2025
26-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2019net €60,723 ▲11,351%
Net result €60,723, the highest in the series.
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €43,305
Net result €43,305 after 2 loss-making years.
21-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,449 m²
Building footprint
164 m²
Volume, LiDAR
986 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FS TRADE
Rue de la Boisette 29, 1340 Ottignies-Louvain-la-NeuveFinancial service activities, except insurance and pension funding
since 20192.291.489.002
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25083F0308/00H006 Wallonia 1,004 m² 1 · 57 m² 7.8 m · 2 fl.
25083F0281/00E000 Wallonia 445 m² 1 · 107 m² 7.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

894500OJSW70AFM7AQ35
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded08-07-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.