FSADY
InactiveFSADY was declared bankrupt on 24-12-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 20-05-2025, published in the Belgian State Gazette on 30-05-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-10-2023, 80 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
80 d late
2021
153 d late
2020
153 d late
2019
129 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
€142k▲ 10.1%
2020 · €129k
2019: €68k
2020: €129k
2019 → 2021
EBIT margin
1.5%▲ 8.9pp
2020 · -7.5%
2019: -16.6%
2020: -7.5%
2019 → 2021
Net result
€-7k
2021 · €2k
2019: €-11k
2020: €-9k
2021: €2k
2019 → 2022
Working capital
€-8k▼ 410%
2021 · €-2k
2019: €35
2020: €-9k
2021: €-2k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€68k-€129k▲ 88.6%€142k▲ 10.1%
Equity€3k-€-6k€482€-6k
Operating result€-11k-€-10k▲ 15.5%€2k€-6k
Net result€-11k-€-9k▲ 15.9%€2k€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €6k after €2k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €22k
Fixed assets
€2k▼ 12.5%
Current assets
€20k▲ 29.5%
Key figures and ratios
EBITDA
€-6k▼
2021 · €2k
Cash flow
€-7k▼
2021 · €3k
Solvency
-29.2%▼
2021 · 2.7%
Current ratio
0.71▼
2021 · 0.90
Quick ratio
0.67▼
2021 · 0.84
Debt / equity
-4.42
ROA
-31.4%▼
2021 · 14.0%
Interest coverage
-559.90▼
2021 · 6.60
Debt
€28k▲
2021 · €17k
Debt ≤ 1 year
€28k▲
2021 · €17k
Income taxes
€1k
Staff costs
€8k▼
2021 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€18k€22k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€31-
Furniture and vehicles24€31-
Financial fixed assets28€3k€2k▼
Current assets29/58€15k€20k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€5k€14k▲
Trade receivables40€3k€8k▲
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€18k€22k▲
Equity10/15€482€-6k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-18k€-25k▼
Amounts payable17/49€17k€28k▲
Amounts payable within one year42/48€17k€28k▲
Trade debts44€8k€10k▲
Suppliers440/4€8k€10k▲
Advances received on contracts in progress46-€455
Taxes, remuneration and social security45€3k-
Remuneration and social security454/9€3k-
Other amounts payable47/48€6k€17k▲
Accrued charges and deferred income492/3€450€450=
Income statement
Code20212022
Turnover70€142k-
Goods, raw materials, services and sundry goods60/61€120k-
Remuneration, social security and pensions62€29k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€281€31▼
Other operating charges640/8€1k€450▼
Gross operating margin9900€33k€3k▼
Operating profit (loss)9901€2k€-6k▼
Financial income75/76B€741€985▲
Recurring financial income75€741€985▲
Financial charges65/66B€360€11▼
Recurring financial charges65€360€11▼
Profit (loss) for the period before taxes9903€2k€-5k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€2k€-7k▼
Profit (loss) for the period to be appropriated9905€2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-25k▼
Profit (loss) brought forward from the previous period14P€-21k€-18k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · FSADY BV L’OLIVIERSTRAAT 2, 1030 Schaarbeek · event 20-05-2025
2024
31-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · FSADY BV L’OLIVIERSTRAAT 2, 1030 Schaarbeek · event 24-12-2024
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN A. DE COCKPLEIN 9,
1831 DIEGEM |
24-12-2024 → present |