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FSC CONSULT

Active
Private limited companyfounded 2025active for 1 yearRue de la Concorde 21, 4032 Liège, BelgiumKBO/BCE: BE 1018.518.113
Summary

FSC CONSULT has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,284 and a net result of €22,284. Its solvency ranks better than 61% of 10,732 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

Equity
€27,284
Total assets
€42,348
Net result
€22,284
Working capital
€18,877

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €41,518
Fixed assets €7,577
Current assets €33,941
Equity and liabilities €42,348
Equity €27,284
Debt €15,064
Debt finances 35.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€29,438
Cash flow
€22,921
Current ratio
2.25
Debt to equity
0.55
ROE
81.7%
ROA
52.6%
Interest coverage
over 100
Debt ≤ 1 year
€15,064
Income taxes
€6,512

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,473 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 74.5% 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 11,280 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 · 2025 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€42,348
Formation expenses20€830
Fixed assets21/28€7,577
Tangible fixed assets22/27€2,352
Furniture and vehicles24€2,352
Financial fixed assets28€5,225
Current assets29/58€33,941
Amounts receivable within one year40/41€7,865
Trade receivables40€7,865
Cash at bank and in hand54/58€26,076
Equity and liabilities
Total equity and liabilities10/49€42,348
Equity10/15€27,284
Contributions10/11€5,000
Profit (loss) carried forward14€22,284
Amounts payable17/49€15,064
Amounts payable within one year42/48€15,064
Trade debts44€6,062
Suppliers440/4€6,062
Taxes, remuneration and social security45€8,670
Taxes450/3€8,670
Other amounts payable47/48€333
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€637
Other operating charges640/8€65
Gross operating margin9900€29,503
Operating profit (loss)9901€28,800
Financial charges65/66B€5
Recurring financial charges65€5
Profit (loss) for the period before taxes9903€28,795
Income taxes67/77€6,512
Profit (loss) for the period9904€22,284
Profit (loss) for the period to be appropriated9905€22,284
Appropriation of the result
Profit (loss) to be appropriated9906€22,284

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€637
Other operating charges640/8€65
Gross operating margin9900€29,503
Operating profit (loss)9901€28,800
Financial charges65/66B€5
Recurring financial charges65€5
Profit (loss) for the period before taxes9903€28,795
Income taxes67/77€6,512
Profit (loss) for the period9904€22,284
Profit (loss) for the period to be appropriated9905€22,284
Line2025
Assets
Total assets20/58€42,348
Formation expenses20€830
Fixed assets21/28€7,577
Tangible fixed assets22/27€2,352
Furniture and vehicles24€2,352
Financial fixed assets28€5,225
Current assets29/58€33,941
Amounts receivable within one year40/41€7,865
Trade receivables40€7,865
Cash at bank and in hand54/58€26,076
Equity and liabilities
Total equity and liabilities10/49€42,348
Equity10/15€27,284
Contributions10/11€5,000
Profit (loss) carried forward14€22,284
Amounts payable17/49€15,064
Amounts payable within one year42/48€15,064
Trade debts44€6,062
Suppliers440/4€6,062
Taxes, remuneration and social security45€8,670
Taxes450/3€8,670
Other amounts payable47/48€333
Line2025
Profit (loss) for the period9904€22,284
+ Depreciation and write-downs630€637
Operating cash flow (approximation)€22,921

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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 30-07-2026 2026-00356822

Similar companies · same sector, comparable size

Of the 82,425 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,918. 34,820 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.