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FSE INTERNATIONAL

Active
Public limited companyfounded 2006active for 20 yearsStaatsbladsstraat 9, 1000 Brussel, Belgium10 active companies are registered at this addressKBO/BCE: BE 0881.741.183
Summary

FSE INTERNATIONAL has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €456,736. Equity is growing by about 6.7% per year across the filed financial years. Its solvency ranks better than 38% of 5,014 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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FSE INTERNATIONALActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
NACE 47741Business and other management consultancy NACE 70200
1 site
Size
€15.7mturnover 2025
Staff
6 FTE
Equity
€1.6m
Profit
€456,736
Net result +87%: 18-month year
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Holdings
3
Auditor: SRL Christian Missante2025 accounts 21 days early4 of 15 deeds summarised
Why 94raises riskSector: Retail trade (NACE 47)lowers riskFounded in 2006Liquidity: current ratio 1.23, cash €3.2mSize: turnover €15.7m, 6 FTE, total assets €6.0mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (NACE 47, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 51+8
equity 26.2% of total assets
Liquidity 63+34
short-term debt 69.6% · cash 53.9%
Profitability 51+13
return on assets 7.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,231 companies, NACE 47, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.3%▲ +0.1 percentage points vs 11-2024 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.3%▲ +0.1 percentage points vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.6%▲ +0.2 percentage points vs 01-2026 03-2026: 0.7%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%▲ +0.3 percentage points vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.2%▲ +0.2 percentage points vs 05-2026 07-2026: 2.0%▲ +0.8 percentage points vs 06-2026highest value 08-2026: 0.1%▼ -1.9 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.23, compared with 1.19 in 2024, below the usual 1.5; short-term debt: 69.6% and cash: 53.9% of total assets), and 73.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 42% on solvency, 69% on liquidity and 37% on profitability.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2006
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.23, cash €3.2m
NBB · annual accounts
lowers risk · Size: turnover €15.7m, 6 FTE, total assets €6.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
38 days early
2023
40 days early
2022
23 days late
2021
24 days late
2020
18 days late
2019
14 days early
← 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 7 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: SRL CHRISTIAN MISSANTE (statutory auditor)Gazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Highest result from 2019 to 2025net €456,736 ▲87.4%

Key points

  • Result rose in 202518-month financial year ▲ 87.4% View
  • Positive: Among the best 13% on net resultsector median €40,191 · 5,013 companies €456,736 View
  • Positive: 7 profitable years in a rowprofit 2025: €456,736 7 years View
  • Heads a groupcompanies controlled 3 View

By topic

Financials

Financial year
2025
Turnover
€15.7m
Profit
€456,736
Solvency
26.2%
Turnover▲ 22.8%
Net result
20192025
Go to Financials

Timeline

Events
25
Since
2008
  1. 05-05-2025Miscellaneous
  2. 24-12-2024Annual accounts filed
  3. 14-08-2024Amendment of the articles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of medical and orthopaedic goods, excluding…NACE 47741
Founded
08-06-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about FSE INTERNATIONAL

What is the company number of FSE INTERNATIONAL?
0881.741.183. In Belgium the VAT number is the company number with BE in front: BE 0881.741.183.
Where is FSE INTERNATIONAL based?
The registered office is at Staatsbladsstraat 9, 1000 Brussel.Company details
What does FSE INTERNATIONAL do?
According to the KBO register, the main activity is retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses (NACE 47741).
What is the legal form of FSE INTERNATIONAL?
Public limited company (NV).
When was FSE INTERNATIONAL founded?
On 08-06-2006.
Is FSE INTERNATIONAL still active?
Yes, FSE INTERNATIONAL is an active enterprise in the KBO register.
How many employees does FSE INTERNATIONAL have?
On average 6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FSE INTERNATIONAL?
€15.7m in financial year 2025, according to the filed annual accounts.
Is FSE INTERNATIONAL profitable?
In financial year 2025, FSE INTERNATIONAL made a profit of €456,736.
Where can I find the annual accounts of FSE INTERNATIONAL?
FSE INTERNATIONAL filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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