FScholen
ActiveSummary
FScholen has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19.73M and a net result of €4.95M. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability46▼-27
Solvency39=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1M at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.1 in 2023; short-term debt: 3.3% and cash: 0.2% of total assets), and 85.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.3%
Return on assets
3.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
47 d early
2022
76 d early
2021
83 d early
2020
86 d early
2019
80 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4.95M▼ 75.1%
2023 · €19.86M
2018: €86k
2019: €102k
2020: €120k
2021: €128k
2022: €3.26M
2023: €19.86M
2018 → 2024
Working capital
€-4.23M▼ 56.0%
2023 · €-2.71M
2018: €28k
2019: €-18k
2020: €154k
2021: €97k
2022: €-2.82M
2023: €-2.71M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€18.53M-€18.66M▲ 0.7%€18.92M▲ 1.4%€19.28M▲ 1.9%€19.73M▲ 2.3%
Operating result€-14k-€-13k▲ 0.8%€-15k▼ 8.2%€-23k▼ 56.8%€-17k▲ 25.8%
Net result€120k-€128k▲ 6.7%€3.26M▲ 2,458%€19.86M▲ 508%€4.95M▼ 75.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €23k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €138.05M
Fixed assets
€137.75M ▼ 1.7%
Current assets
€308k ▼ 0.3%
Equity and liabilities €138.05M
Equity
€19.73M ▲ 2.3%
Debt
€118.33M ▼ 2.4%
Debt's share of the balance-sheet total falls from 86.3% to 85.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.07▼
2023 · 0.10
Debt to equity
6.00▼
2023 · 6.29
ROE
25.1%▼
2023 · 103.0%
ROA
3.6%▼
2023 · 14.1%
Debt ≤ 1 year
€4.53M▲
2023 · €3.02M
Debt > 1 year
€113.79M▼
2023 · €118.20M
Income taxes
€149k▲
2023 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€140.50M€138.05M▼
Fixed assets21/28€140.19M€137.75M▼
Financial fixed assets28€140.19M€137.75M▼
Companies linked by participating interests282/3€140.19M€137.75M▼
Participating interests282€17.81M€17.81M=
Amounts receivable283€122.38M€119.93M▼
Current assets29/58€309k€308k▼
Cash at bank and in hand54/58€309k€308k▼
Equity and liabilities
Total equity and liabilities10/49€140.50M€138.05M▼
Equity10/15€19.28M€19.73M▲
Contributions10/11€17.85M€17.85M=
Capital10€17.85M€17.85M=
Issued capital100€17.85M€17.85M=
Reserves13€1.20M€1.44M▲
Non-distributable reserves130/1€1.20M€1.44M▲
Legal reserve130€1.20M€1.44M▲
Profit (loss) carried forward14€234k€433k▲
Amounts payable17/49€121.22M€118.33M▼
Amounts payable after more than one year17€118.20M€113.79M▼
Financial debts170/4€118.20M€113.79M▼
Subordinated loans170€118.20M€113.79M▼
Amounts payable within one year42/48€3.02M€4.53M▲
Trade debts44-€11k
Suppliers440/4-€11k
Taxes, remuneration and social security45€19k€24k▲
Taxes450/3€19k€24k▲
Other amounts payable47/48€3.00M€4.50M▲
Income statement
Code20232024
Operating charges60/66A€23k€17k▼
Services and other goods61€20k€13k▼
Other operating charges640/8€3k€3k▲
Operating profit (loss)9901€-23k€-17k▲
Financial income75/76B€31.64M€16.31M▼
Recurring financial income75€31.64M€16.31M▼
Income from financial fixed assets750€31.52M€16.31M▼
Other financial income752/9€127k-
Financial charges65/66B€11.64M€11.20M▼
Recurring financial charges65€11.64M€11.20M▼
Debt charges650€11.52M€11.20M▼
Other financial charges652/9€127k€301▼
Profit (loss) for the period before taxes9903€19.98M€5.09M▼
Income taxes67/77€119k€149k▲
Taxes670/3€119k€149k▲
Profit (loss) for the period9904€19.86M€4.95M▼
Profit (loss) for the period to be appropriated9905€19.86M€4.95M▼
Appropriation of the result
Profit (loss) to be appropriated9906€20.73M€5.18M▼
Profit (loss) brought forward from the previous period14P€869k€234k▼
Transfer to equity691/2€993k€247k▼
To the legal reserve6920€993k€247k▼
Profit to be distributed694/7€19.50M€4.50M▼
Return on contributions (dividend)694€19.50M€4.50M▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-09
State Gazette act
Resignation: Serge FAUTRE (class B director)Appointment: ADEL YAHIA CONSULT BV (class B director) · Permanent representative: Adel YAHIA4 facts ▸
State Gazette act
Resignation: Serge FAUTRE (class B director)
Appointment: ADEL YAHIA CONSULT BV (class B director) · Permanent representative: Adel YAHIA4 facts ▸
- General meeting, 31-08-2026
- Director resignation, Serge FAUTRE (class B director)
- Director appointment, ADEL YAHIA CONSULT BV (class B director)
- Permanent representative, Adel YAHIA (permanent representative)
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €19.86M ▲508%
Net result €19.86M, the highest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 39.69
Current ratio from 12.94 to 39.69; short-term debt falls from €13k to €3k.
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 19current ratio 12.94
Current ratio from 0.68 to 12.94; short-term debt falls from €55k to €13k.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
ADEL YAHIA CONSULT
CurrentClass B director · since 01-09-2026 · Private limited company (pre-2019) · perm. rep.: Adel YAHIA
01-09-2026
ADEL YAHIA CONSULT: Appointed as Class B director
01-09-2026
Serge FAUTRE: Resigned as Class B director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2010
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.
Kunstlaan 581000 BrusselGround area
3,149 m²
Building footprint
3,026 m²
Volume, LiDAR
70,303 m³
Parcel 21805E0482/00C000, Brussels · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
FScholen
since 20102.189.842.702
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0482/00C000 | Brussels | 3,149 m² | 1 · 3,026 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
15 connected companiesLinked via shared directors
Shared corporate director
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Show 11 more companies with a shared director
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Recognitions · licences · registrations
Legal Entity Identifier
529900DILYVWJBMAWH52
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-05-2010
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.