FSA
ActiveFinancials · financial year 2024, full format
2024 annual accounts filed 165 days after the deadline Filed on 15 July 2025, deadline 31 January 2025 (7 months after the close on 30 June 2024, Companies Code art. 3:10). Source: NBB, 2025-00275171.
Annual accounts 2024 filed on 15-07-2025 PDF all 25 filings
2018 to 2024, 5 financial years 2018 to 2024, 5 financial years
The operating result for 2024 is a loss of €6,376, against €46,180 in 2022. Comparable figures for the intervening years are unavailable.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Investments
| Item | 2018 | 2020 | 2021 | 2022 | 30-06-2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €281,356 | €837,917 | €527,522 | €1.1m | €201,645 |
| Depreciation and write-downs of the year | €60,564 | €187,994 | €237,189 | €194,095 | €338,092 |
Source: notes to the 2018 to 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as FSA: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €2.4m and €4.4m, founded between 1991 and 2003.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| FSA Watermaal-Bosvoorde | 1998 | €4.9m | €4.4m | €0.4m | €0.007m | 0 | 2024 |
| GS NIVELLES Nivelles | 1998 | €3.9m | €1.9m | €0.6m | €0.3m | 0.2 | 2025 |
| DE BACKER FinCo Oudenaarde | 2003 | €4.4m | €3.7m | €0.4m | €0.4m | 0 | 2025 |
| V & V HOLDING COMPANY Sint-Lambrechts-Woluwe | 1991 | €3.7m | €1.9m | €0.3m | €0.07m | 0 | 2025 |
| ClarityAdvisory Lanaken | 1997 | €2.4m | €0.7m | €0.3m | €0.1m | 0 | 2026 |
| MnM Zwevegem | 2001 | €2.7m | €1.0m | €0.3m | €0.1m | 0.5 | 2025 |
| RONVAUX ET CO Namur | 1994 | €2.5m | €1.6m | €0.3m | €0.2m | 0 | 2025 |
They were chosen from the 1,743 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2018 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €43,988 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,564 | €187,994 | €237,189 | €194,095 | €338,092 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €20,006 | €0 | - | - | -€1,536 | - |
| Other operating charges640/8 | €18,574 | €14,169 | €9,342 | €33,630 | €42,449 | - |
| Non-recurring operating charges66A | - | €5,265 | €1,509 | €0 | - | - |
| Gross operating margin9900 | €699,900 | €873,470 | €503,182 | €273,906 | €372,629 | - |
| Operating profit (loss)9901 | €600,756 | €666,041 | €255,142 | €46,180 | -€6,376 | - |
| Financial income75/76B | - | €4,450 | €7,925 | €7,119 | €20,415 | - |
| Recurring financial income75 | €15,517 | €4,450 | €7,925 | €7,119 | €20,415 | - |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €6,545 | €8,739 | €26,576 | €6,887 | - |
| Recurring financial charges65 | €110,166 | €6,545 | €8,739 | €26,576 | €6,887 | - |
| Profit (loss) for the period before taxes9903 | €506,107 | €663,946 | €254,328 | €26,724 | €7,153 | - |
| Income taxes67/77 | €142,738 | €314,611 | €141,789 | €14,730 | €0 | - |
| Profit (loss) for the period9904 | €363,369 | €349,335 | €112,540 | €11,994 | €7,153 | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €363,369 | €349,335 | €112,540 | €11,994 | €7,153 | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.7m | €5.4m | €5.4m | €5.1m | €4.9m | - |
| Fixed assets21/28 | €1.7m | €3.0m | €3.3m | €4.2m | €4.0m | - |
| Tangible fixed assets22/27 | €1.7m | €3.0m | €3.3m | €4.2m | €4.0m | - |
| Land and buildings22 | €1.7m | €2.9m | €3.2m | €4.1m | €4.0m | - |
| Plant, machinery and equipment23 | - | €0.001m | €0.001m | €0.001m | €0.004m | - |
| Furniture and vehicles24 | €0.002m | €0.05m | €0.04m | €0.07m | €0.01m | - |
| Current assets29/58 | €3.1m | €2.4m | €2.1m | €0.9m | €0.9m | - |
| Amounts receivable within one year40/41 | €1.4m | €1.0m | €0.4m | €0.6m | €0.7m | - |
| Trade receivables40 | €0.9m | €0.9m | €0.2m | €0.3m | €0.4m | - |
| Other amounts receivable41 | €0.6m | €0.09m | €0.1m | €0.4m | €0.4m | - |
| Current investments50/53 | €117 | €0.1m | €117 | €117 | €117 | - |
| Cash at bank and in hand54/58 | €1.6m | €1.3m | €1.8m | €0.3m | €0.1m | - |
| Deferred charges and accrued income490/1 | €0.004m | €0.002m | €0.002m | €0.002m | €0.001m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.7m | €5.4m | €5.4m | €5.1m | €4.9m | - |
| Equity10/15 | €3.6m | €4.2m | €4.3m | €4.4m | €4.4m | - |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | - |
| Capital10 | €1.7m | - | - | - | - | - |
| Issued capital100 | €1.7m | - | - | - | - | - |
| Reserves13 | €1.6m | €1.6m | €1.7m | €1.7m | €1.7m | - |
| Non-distributable reserves130/1 | - | €0.05m | €0.05m | €0.05m | €0.05m | - |
| Legal reserve130 | €0.05m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €0.05m | €0.05m | €0.05m | €0.05m | - |
| Tax-exempt reserves132 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | - |
| Distributable reserves133 | €1.3m | €1.3m | €1.4m | €1.4m | €1.4m | - |
| Profit (loss) carried forward14 | €0.4m | €1.0m | €1.0m | €1.0m | €1.0m | - |
| Provisions and deferred taxes16 | €0.09m | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €0.09m | - | - | - | - | - |
| Other liabilities and charges164/5 | €0.09m | - | - | - | - | - |
| Amounts payable17/49 | €1.0m | €1.1m | €1.1m | €0.8m | €0.5m | - |
| Amounts payable within one year42/48 | €1.0m | €1.1m | €1.0m | €0.7m | €0.5m | - |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.09m | - |
| Financial debts43 | €0.2m | €0 | - | - | - | - |
| Credit institutions430/8 | €0.2m | €0 | - | - | - | - |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.3m | €0.1m | - |
| Suppliers440/4 | €0.1m | €0.2m | €0.2m | €0.3m | €0.1m | - |
| Taxes, remuneration and social security45 | €0.04m | €0.4m | €0.7m | €0.5m | €0.3m | - |
| Taxes450/3 | €0.04m | €0.4m | €0.7m | €0.5m | €0.3m | - |
| Other amounts payable47/48 | €0.7m | €0.5m | €0.09m | €0 | - | - |
| Accrued charges and deferred income492/3 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.1m | €0.01m | €0.007m | - |
| + Depreciation and write-downs630 | €0.06m | €0.2m | €0.2m | €0.2m | €0.3m | - |
| Operating cash flow (approximation) | €0.4m | €0.5m | €0.3m | €0.2m | €0.3m | - |
| Investment in fixed assets (approximation) | - | - | -€0.5m | -€1.1m | - | - |
| Change in cash | - | - | €0.5m | -€1.5m | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2024 | full format | 15-07-2025 | 2025-00275171 | |
| 31-12-2022 | full format | 18-02-2025 | 2025-00035870 | |
| 31-12-2021 | full format | 03-08-2023 | 2023-00312645 | |
| 31-12-2020 | full format | 01-07-2022 | 2022-20117272 | |
| 31-12-2019 | full format | 04-03-2022 | 2022-07100008 | |
| 31-12-2018 | full format | 17-08-2021 | 2021-49400583 | |
| 31-12-2017 | full format | 30-12-2018 | 2018-76100588 | |
| 31-12-2016 | full format | 25-07-2017 | 2017-36700406 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-56100156 | |
| 31-12-2014 | full format | 29-09-2015 | 2015-61000411 |