FSM.GROUP
ActiveThe computed 12-month bankruptcy probability of FSM.GROUP is 5.9% (elevated). The 2025 annual accounts show equity of €44k and a net result of €39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 13306 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-7
Solvency47▼-53
Growth78=
Track record94
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.51 against 11.37 in 2024; short-term debt: 49.3% and cash: 15.7% of total assets), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
19.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €44k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
20 d late
2023
5 d late
2022
45 d early
2021
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€44k▲ 778%
2024 · €5k
2021: €4k
2022: €4k
2023: €711
2024: €5k
2021 → 2025
Total assets
€205k▲ 3,619%
2024 · €6k
2021: €5k
2022: €4k
2023: €1k
2024: €6k
2021 → 2025
Net result
€39k▲ 807%
2024 · €4k
2021: €-1k
2022: €17
2023: €-3k
2024: €4k
2021 → 2025
Working capital
€-50k
2024 · €5k
2021: €4k
2023: €711
2024: €5k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€4k▲ 0.5%€711▼ 79.8%€5k▲ 606%€44k▲ 778%
Operating result€-1k-€74€-3k€4k€42k▲ 847%
Net result€-1k-€17€-3k€4k€39k▲ 807%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 847% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205k
Fixed assets
€153k
Current assets
€51k
Equity and liabilities €205k
Equity
€44k▲ 778%
Debt
€161k▲ 33,078%
The debt ratio rises from 8.8% to 78.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€114k
Cash flow
€112k
Solvency
21.5%▼
2024 · 91.2%
Current ratio
0.51▼
2024 · 11.37
Quick ratio
0.48▼
2024 · 11.37
Debt / equity
3.64▲
2024 · 0.10
ROE
88.6%▲
2024 · 85.8%
ROA
19.1%▼
2024 · 78.3%
Interest coverage
46.07
Debt
€161k▲
2024 · €484
Debt ≤ 1 year
€101k▲
2024 · €484
Debt > 1 year
€60k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6k€205k▲
Fixed assets21/28-€153k
Tangible fixed assets22/27-€147k
Plant, machinery and equipment23-€92k
Leasing and similar rights25-€47k
Other tangible fixed assets26-€8k
Financial fixed assets28-€6k
Current assets29/58€6k€51k▲
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€5k€14k▲
Trade receivables40€4k-
Other amounts receivable41€1k€14k▲
Cash at bank and in hand54/58€113€32k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€6k€205k▲
Equity10/15€5k€44k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€19€39k▲
Amounts payable17/49€484€161k▲
Amounts payable after more than one year17-€60k
Financial debts170/4-€60k
Amounts payable within one year42/48€484€101k▲
Current portion of amounts payable after more than one year42-€23k
Trade debts44€484€24k▲
Suppliers440/4€484€24k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48-€52k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€73k
Other operating charges640/8-€252
Gross operating margin9900€4k€114k▲
Operating profit (loss)9901€4k€42k▲
Financial income75/76B-€15
Recurring financial income75-€15
Financial charges65/66B€78€2k▲
Recurring financial charges65€78€2k▲
Profit (loss) for the period before taxes9903€4k€39k▲
Profit (loss) for the period9904€4k€39k▲
Profit (loss) for the period to be appropriated9905€4k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19€39k▲
Profit (loss) brought forward from the previous period14P€-4k€19▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2021net €39k ▲807%
Operating result €42k, net result €39k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 11.37
Current ratio from 2.47 to 11.37.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Weakest financial yearnet €-3k ▼16479%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17
Net result €17 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anderlecht · 1 establishment unit since 2021
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.
Ninoofse Steenweg 4071070 AnderlechtGround area
178 m²
Building footprint
120 m²
Volume, LiDAR
1,530 m³
2 parcels, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FSM GROUP
since 20212.316.498.273
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0014/00D010 | Brussels | 114 m² | 1 · 57 m² | 19.4 m · 5 fl. |
| 21308H0665/00E004 | Brussels | 64 m² | 1 · 64 m² | 14.7 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.316.498.273
Similar companies · same sector, comparable size
Freshly Sandwicherie
BE 0788.627.321
Sint-Pieters-Leeuw · Eq €44k
VANDERFILS
BE 0718.640.237
Ciney · Eq €44k
NONA PIAZZA
BE 0652.736.061
Sint-Lambrechts-Woluwe · Eq €44k
ESPACE SUSHI
BE 0478.169.022
Etterbeek · Eq €44k
EDITH FOOD
BE 0862.153.321
Elsene · Eq €44k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,437 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2021
Fiscal year end31-12
Activities, NACEBEL
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:filiz.d@live.be