FSA INVEST

Active

Private limited company (pre-2019)founded 2004active for 22 yearsWaterloolaan 77, 1000 Brussel, Belgium19 active companies are registered at this addressKBO/BCE: BE 0866.678.964

From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

FSA INVEST has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.8m and a net result of €1.1m, of which €1.8m non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 84% of 8,964 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow Report Compare

FSA INVESTActiveChecked score 58/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 06-08-2004 Normal situation
Legal form: Private limited company (pre-2019)
Registered office: Waterloolaan 77, 1000 Brussel
Activity: Agents specialised in the wholesale of other particular products NACE 46180and 3 others
Establishment unit: 2.139.126.944 1050 Elsene, since 16-08-2004
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Who decides

Board

Sanchez-Apellaniz Meinesz FranciscoDirector

Shareholders

FSA Holding SAconsolidatesannual accounts 2018

Holdings: Shares in 1 company MONEYTRANS PAYMENT SERVICES

Board & ownership

How it is doing

58 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 1.1%

Annual accounts 2024

Gross margin: €1.7m
Turnover: ≈ €7.5m; estimated
Profit: €1.1m
Equity: €1.8m; ▲ 4.9%
Total assets: €2.3m; ▼ 29.1%

2025 accounts not filed, 93 days past the deadline

Filed on 17-09-2026at the National Bank

Financials

Why 58raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; last filed accounts filed 413 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 23-09-2026)lowers riskFounded in 2004Equity €1.8m (78.8% of total assets)Show the evidence

Checked score

Score 2024

58 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 82% of its sector peers (NACE 46, small)

A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Strong

Solvency 100+22

equity 78.8% of total assets

Liquidity 64+30

short-term debt 1.1% · cash 11.1%

Profitability 100+46

return on assets 46.8%

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)

Last 24 months 11-2024: 8.2%highest value 12-2024: 0.5%▼ -7.7 percentage points vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.6%▲ +0.1 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.7%▲ +0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.3 percentage points vs 07-2025 09-2025: 1.2%▲ +0.1 percentage points vs 08-2025 10-2025: 1.7%▲ +0.5 percentage points vs 09-2025 11-2025: 1.7%● unchanged vs 10-2025 12-2025: 2.2%▲ +0.5 percentage points vs 11-2025 01-2026: 4.4%▲ +2.2 percentage points vs 12-2025 02-2026: 4.4%● unchanged vs 01-2026 03-2026: 4.5%▲ +0.1 percentage points vs 02-2026 04-2026: 4.1%▼ -0.4 percentage points vs 03-2026 05-2026: 4.1%● unchanged vs 04-2026 06-2026: 4.1%● unchanged vs 05-2026 07-2026: 4.1%● unchanged vs 06-2026 08-2026: 5.4%▲ +1.3 percentage points vs 07-2026 09-2026: 5.4%● unchanged vs 08-2026 10-2026: 1.1%▼ -4.3 percentage points vs 09-2026

Credit of up to €100,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity ample (current ratio 54.72, compared with 0.24 in 2023, above the usual 1.5; short-term debt: 1.1% and cash: 11.1% of total assets), and 21.2% of the assets are financed with debt and provisions.

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 46, small): better than 92% on solvency, 83% on liquidity, 99% on profitability and 54% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Six signals.

lowers riskraises risk

1 financial year not filed after the legal deadline; last filed accounts filed 413 days late; 3 of the last 3 late

NBB · filings

Figures for financial year 2024 (filed 23-09-2026)

NBB · annual accounts

Founded in 2004

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €1.8m (78.8% of total assets)

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline01-11-2026 today

2024 accounts filed 413 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2026, 413 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

413 days late

2023

91 days late

2022

457 days late

2021

13 days early

2020

47 days late

2019

67 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 177 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Back in profit in 2024after -€49,105 in 2023 €1.1m View
Positive: Among the best 5% on net resultsector median €40,646 · 8,959 companies €1.1m View

Documents

Key facts about FSA INVEST

What is the company number of FSA INVEST?: 0866.678.964. In Belgium the VAT number is the company number with BE in front: BE 0866.678.964.
Where is FSA INVEST based?: The registered office is at Waterloolaan 77, 1000 Brussel.Company details
What does FSA INVEST do?: According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
What is the legal form of FSA INVEST?: Private limited company (pre-2019) (BVBA).
When was FSA INVEST founded?: On 06-08-2004.
Is FSA INVEST still active?: Yes, FSA INVEST is an active enterprise in the KBO register.
How many employees does FSA INVEST have?: On average 2.1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
What is the turnover of FSA INVEST?: ≈ €7.5m in financial year 2024. Estimated from the gross margin of €1.7m: probably between €4.4m and €12.0m, based on 100 comparable companies, NACE 46. In financial year 2023 turnover was €85,128.
Is FSA INVEST profitable?: In financial year 2024, FSA INVEST made a profit of €1.1m.
Where can I find the annual accounts of FSA INVEST?: FSA INVEST filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts at the National Bank