FSD-Net
Open bankruptcyA bankruptcy procedure is open for FSD-Net according to publications in the Belgian State Gazette; curator: ANTHONY HOUTHOOFD.
Summary
The file additionally contains 1 judicial reorganisation. The 2022 annual accounts show equity of €36k and a net result of €-9k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-09-2023, 56 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
56 d late
2021
30 d late
2020
61 d late
2019
71 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€36k▼ 19.6%
2021 · €45k
2018: €-2k
2019: €6k
2020: €7k
2021: €45k
2018 → 2022
Total assets
€161k▲ 17.2%
2021 · €137k
2018: €86k
2019: €111k
2020: €87k
2021: €137k
2018 → 2022
Net result
€-9k
2021 · €38k
2018: €-17k
2019: €8k
2020: €477
2021: €38k
2018 → 2022
Working capital
€21k▲ 192%
2021 · €7k
2018: €-12k
2019: €278
2020: €7k
2021: €7k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-2k-€6k€7k▲ 7.8%€45k▲ 580%€36k▼ 19.6%
Operating result€-16k-€17k€6k▼ 62.0%€68k▲ 959%€-2k
Net result€-17k-€8k€477▼ 93.8%€38k▲ 7,879%€-9k
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 €2k after €68k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €161k
Fixed assets
€35k ▼ 39.5%
Current assets
€126k ▲ 57.7%
Equity and liabilities €161k
Equity
€36k ▼ 19.6%
Debt
€125k ▲ 34.9%
Debt's share of the balance-sheet total rises from 67.5% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2021 · €80k
Cash flow
€2k▼
2021 · €50k
Current ratio
1.20▲
2021 · 1.10
Debt to equity
3.48▲
2021 · 2.08
ROE
-24.3%▼
2021 · 85.3%
ROA
-5.4%▼
2021 · 27.7%
Interest coverage
2.08▼
2021 · 11.83
Debt ≤ 1 year
€105k▲
2021 · €73k
Debt > 1 year
€20k▲
2021 · €20k
Income taxes
€4k▼
2021 · €23k
Staff costs
€42k▼
2021 · €55k
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 · 2022 against 2021 · 45 lines
Balance sheet
Code20212022
Assets
Total assets20/58€137k€161k▲
Fixed assets21/28€57k€35k▼
Tangible fixed assets22/27€57k€33k▼
Plant, machinery and equipment23€206€2k▲
Furniture and vehicles24€57k€31k▼
Financial fixed assets28€240€2k▲
Current assets29/58€80k€126k▲
Amounts receivable within one year40/41€73k€125k▲
Trade receivables40€73k€100k▲
Other amounts receivable41-€25k
Cash at bank and in hand54/58€7k€881▼
Equity and liabilities
Total equity and liabilities10/49€137k€161k▲
Equity10/15€45k€36k▼
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€13k€4k▼
Amounts payable17/49€93k€125k▲
Amounts payable after more than one year17€20k€20k▲
Financial debts170/4€20k€20k▲
Amounts payable within one year42/48€73k€105k▲
Current portion of amounts payable after more than one year42€6k€8k▲
Trade debts44€36k€51k▲
Suppliers440/4€36k€51k▲
Taxes, remuneration and social security45€31k€46k▲
Taxes450/3€28k€41k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€106-
Income statement
Code20212022
Remuneration, social security and pensions62€55k€42k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€5k€26k▲
Gross operating margin9900€139k€77k▼
Operating profit (loss)9901€68k€-2k▼
Financial income75/76B-€848
Recurring financial income75-€848
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€61k€-5k▼
Income taxes67/77€23k€4k▼
Profit (loss) for the period9904€38k€-9k▼
Profit (loss) for the period to be appropriated9905€38k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€4k▼
Profit (loss) brought forward from the previous period14P€-12k€13k▲
Transfer to equity691/2€14k-
To other reserves6921€14k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · FSD-NET BV IMPERIA- STRAAT 8, 1930 ZAVENTEM · event 18-02-2025
2024
23-07
Judicial reorganisation
Opening
ondernemingsrechtbank Brussel · collectif · event 17-07-2024
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €38k ▲7879%
Operating result €68k, net result €38k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 71 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 174 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
2018
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 114 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
Registered office, Brussel · 1 establishment unit since 2015
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.
Metrologielaan 101130 BrusselGround area
5,544 m²
Building footprint
2,051 m²
Volume, LiDAR
21,502 m³
2 parcels, Brussels, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20152.243.140.836
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821B0420/00D000 | Brussels | 5,361 m² | 1 · 1,949 m² | 14.3 m · 4 fl. |
| 23015A0224/00S004 | Flanders | 183 m² | 1 · 102 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY HOUTHOOFD ERNEST ALLARDSTRAAT 45,
1000 BRUSSEL 1 |
18-02-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2015
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.