FSB solution
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 6 |
| full-time | 2 |
| part-time | 4 |
| in full-time equivalents | 3.3 |
| Average over the year, in full-time equivalents | 2.3 |
| On a permanent contract | 4 |
| Joined | 25 |
| Left | 19 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €30,000 |
| Intangible fixed assets | €120,000 |
| Depreciation and write-downs of the year | €13,562 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €80,477 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,562 |
| Other operating charges640/8 | €3,243 |
| Gross operating margin9900 | €100,722 |
| Operating profit (loss)9901 | €3,440 |
| Financial income75/76B | €2 |
| Recurring financial income75 | €2 |
| Financial charges65/66B | €32 |
| Recurring financial charges65 | €32 |
| Profit (loss) for the period before taxes9903 | €3,410 |
| Income taxes67/77 | €939 |
| Profit (loss) for the period9904 | €2,472 |
| Profit (loss) for the period to be appropriated9905 | €2,472 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €184,520 | |
| Fixed assets21/28 | €136,438 | |
| Intangible fixed assets21 | €110,959 | |
| Tangible fixed assets22/27 | €25,479 | |
| Plant, machinery and equipment23 | €25,479 | |
| Current assets29/58 | €48,082 | |
| Cash at bank and in hand54/58 | €38,986 | |
| Deferred charges and accrued income490/1 | €9,095 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €184,520 | |
| Equity10/15 | €2,472 | |
| Reserves13 | €2,472 | |
| Distributable reserves133 | €2,472 | |
| Amounts payable17/49 | €182,048 | |
| Amounts payable within one year42/48 | €182,048 | |
| Trade debts44 | €10,485 | |
| Suppliers440/4 | €10,485 | |
| Taxes, remuneration and social security45 | €9,067 | |
| Taxes450/3 | €2,598 | |
| Remuneration and social security454/9 | €6,469 | |
| Other amounts payable47/48 | €162,496 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €2,472 |
| + Depreciation and write-downs630 | €13,562 |
| Operating cash flow (approximation) | €16,033 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 514 companies had the same profile as FSB solution has now. Two years later, 96.9% were still going and 1.8% had gone bankrupt.
- Micro
- under 2 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FSB solution itself is higher: 2.5% within 12 months. It rests on far more data about FSB solution than the profile alone.
Test of the method
The method was tested on the 497,446 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 514 companies, not a prediction for FSB solution. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00210281 |