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FSD

Active
Public limited companyfounded 201016 yrs activeKeerbergsesteenweg 40, 3150 Haacht, BelgiumKBO/BCE: BE 0821.957.907
Summary

The computed 12-month bankruptcy probability of FSD is 2.8% (moderate). The 2025 annual accounts show equity of €184,247 and a net result of €22,320. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 36981 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch ReportCompare
FSDActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€423,249total assets 2025
Staff
2.3 FTE
Equity
€184,247
Profit
€22,320
Turnover not published (abridged schema)
Financial health
50 Fair Checked score 2025
Bankruptcy chance 12 m
2.8%
Structure
Holdings
1
Accounts 3 d early1 of 9 deeds read
Why 50- 3 changes of registered office in 24 months- Ex-officio strike-off in the KBO- Liquidity: current ratio 1.22, cash €3,058, halved+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 30% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 69+11
equity 43.5% of total assets
Liquidity 22+6
short-term debt 56.5% · cash 0.7%
Profitability 75-23
return on assets 5.3%
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,599 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▼ -5.1% vs 03-2025lowest value 05-2025: 0.1%● 0.0% vs 04-2025lowest value 06-2025: 0.1%▲ +7.1% vs 05-2025 07-2025: 0.1%▲ +5.0% vs 06-2025 08-2025: 0.1%▲ +12.7% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 1.4%▲ +1873% vs 09-2025 11-2025: 1.6%▲ +14.8% vs 10-2025 12-2025: 2.4%▲ +47.4% vs 11-2025 01-2026: 1.3%▼ -44.2% vs 12-2025 02-2026: 1.3%● 0.0% vs 01-2026 03-2026: 2.5%▲ +87.2% vs 02-2026 04-2026: 2.5%● 0.0% vs 03-2026 05-2026: 2.5%● 0.0% vs 04-2026 06-2026: 2.6%▲ +5.2% vs 05-2026 07-2026: 2.6%● 0.0% vs 06-2026 08-2026: 2.8%▲ +9.1% vs 07-2026highest value 09-2026: 2.8%▼ -0.8% vs 08-2026 10-2026: 2.8%▼ -2.1% vs 09-2026
  • 3 changes of registered office in 24 months raises the probability
  • Ex-officio strike-off in the KBO raises the probability
  • Liquidity: current ratio 1.22, cash €3,058, halved raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.24 in 2024; short-term debt: 56.5% and cash: 0.7% of total assets), and 56.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 41%, liquidity 9%, profitability 40%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 3 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Ex-officio strike-off in the KBO
In the bankruptcy model this factor raises the probability.
KBO publications
raises risk · Liquidity: current ratio 1.22, cash €3,058, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 27-11-2025, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
44 d early
2023
21 d late
2022
22 d late
2021
69 d late
2020
on the day
2019
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today. Usually files around 21 December (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
30-04-2026 close03-10-2026 today30-11-2026 deadline
  1. Registered officeRegistered-office move · Power of…
  2. Address struckevent 28-10-2025
  3. Annual accounts filedfiscal year 2025 · micro…

Key points

  • Caution: Result fell in 2025from €141,502 to €22,320 ▼ 84.2% View
  • Among the largest 10% on gross marginsector median €53,158 · 36,947 companies €207,257 View
  • Positive: 7 profitable years in a rowprofit 2025: €22,320 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€423,249
Profit
€22,320
Solvency
43.5%
Total assets▼ 30.2%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 30-11-2026
  1. 29-06-2026Registered office
  2. 11-02-2026Address struck
  3. 27-11-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
05-01-2010
Year ends
30-04
Peppol
Reachable for e-invoices
Go to Company details

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