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FST

Active Public limited companyfounded 1994active for 32 yearsVliegveldlaan 82, 3800 Sint-TruidenKBO/BCE: BE 0451.765.028
FST
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Overview

Lifetime

19 annual accounts with figures on one time axis, 32 filings since 1994
Gross marginpeak €94,035 (2013)
€33,837▲ 32.3%
Resultlowest -€18,500 (2019)
€9,500▲ 222%
Equitypeak €389,765 (2017)
€370,886▲ 2.6%
Debts
€240,718▲ 16.8%
Staffpeak 0.5 FTE (2015)
-not published
Board5 names since 2022
4 directorsFAGARD Bart Mariette Jean-Pierre and 3 others
Documentsfilings and deeds
30-01-20261 days before the deadline
2025micro format
Gross margin from €25,569 to €33,837Result from €2,953 to €9,500Debts from €206,160 to €240,718Investments €14,501

Key points

from the 2025 annual accounts

Equity

€370,886 ▲ 2.6%

FST has made a profit without a break since 2021.

Investments

€14,501 3.8 × depreciation
20222025

Green is investment, beige is depreciation.

Position in the sector

€370,886

More equity than 89% of companies in wholesale trade. Sector median €56,570 · 13,809 companies.

Checked score

94
Excellent
Financially stronger than 50% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).

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

Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.3%▲ +0.1 percentage points vs 01-2025highest value 03-2025: 0.1%▼ -0.2 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: < 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.2%▲ +0.1 percentage points vs 01-2026 03-2026: 0.1%▼ -0.1 percentage points vs 02-2026 04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

Solvency
86-3equity 60.6% of total assets
Liquidity
46-1short-term debt 38.3% · cash 10.6%
Profitability
51+13return on assets 1.6%

Score breakdown

lowers risk
Founded in 1994
Size: total assets €611,604
Equity €370,886 (60.6% of total assets)
Legal form: public limited company
Calculation

The band follows from the bankruptcy probability. 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 46, micro). It does better than 67% of them on solvency, 44% on liquidity, 39% on profitability and 49% on growth.

The bankruptcy probability was computed on 05-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as FST has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of FST itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for FST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.56 (2.82 in 2024), above the usual 1.5. Short-term debt is 38.3% and cash 10.6% of total assets. 39.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €611,604
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €370,886 (60.6% of total assets)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
2 days early
2019
26 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LG
LOIX Godelieve Leonie Hubertine Marie
Managing director
FB
FAGARD Bart Mariette Jean-Pierre
Director
F
FASCO
Director, FAGARD Martijn Kristof Marie-Rose Stein Olivier
FH
FST HOLDING
Director, FAGARD Sylvain Noël Joseph Marie
LL
Loix Lieve
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0451765028
1 director appointed, 3 reappointments Reappointments: FASCO, FST HOLDING and FAGARD Bart Mariette Jean-Pierre · Permanent representatives: FAGARD Martijn Kristof Marie-Rose Stein Olivier and FAGARD Sylvain Noël Joseph Marie · Appointment: LOIX Godelieve Leonie Hubertine Marie (managing director) · General meeting of 03-02-2022 · Gazette deed
First establishment Vliegveldlaan 82, Sint-Truiden
Incorporation published on 08-02-1994 · Gazette deed
All 41 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
FST Sint-Truiden €611,604 €33,837 60.6% -
S.A.F.I.R. Knokke-Heist €523,360 €30,191 24.6% -
PAUWELS Hasselt €497,084 €76,209 67.9% -
GURO MACHINES Tessenderlo-Ham €331,859 €20,779 36.6% -
M & E Consulting Destelbergen €684,207 €24,103 18.1% 0
PARMENTIER KOELTECHNIEK Wichelen €507,893 €55,062 52.4% -
Chrimar Sint-Martens-Latem €306,120 €40,169 70.7% -

These companies have the same main activity as FST: wholesale of machine tools (NACE 46620). They are comparable in size and age: total assets between €306,000 and €684,000, founded between 1988 and 1996.

Official details

Source: KBO
Status
Active since 12-01-1994Normal situation
Activity
Wholesale of machine toolsNACE 46620and 1 other
Establishment unit
2.065.368.0453800 Sint-Truiden, since 03-02-1994
Financial year end
30 June
Peppol
Reachable since 27-05-2025
Company details

Annual accounts to 30-06-2025

Gross margin
€33,837▲ 32.3%
Turnover
≈ €220,000estimated
Profit
€9,500▲ 222%
Equity
€370,886▲ 2.6%
Total assets
€611,604▲ 7.8%
Employeeson 30-06-2025
1=
Filing
Filed on 30-01-2026, 1 day before the end of the filing period
Financials

Insights on FST

FST files the micro format. That format states no turnover. The gross margin rose from €31,395 in 2007 to €33,837 in 2025.

In March 2022, the Official Gazette published the appointment of LOIX Godelieve Leonie Hubertine Marie as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-01-2026, 1 day before the deadline
Gross margin
€33,837
▲ 32.3%
Operating result
€21,210
▲ 63.2%
Profit
€9,500
▲ 222%
Working capital
€364,777
▼ 0.1%
Solvency
60.6%
▼ 3.0 percentage points
Current ratio
2.56
▼ 0.26

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €220,000. Estimated: probably between €120,000 and €420,000.

Balance sheet

balance sheet total €611,604 on 30-06-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency60.6%

Higher than 66% of 13,779 companies in 2025.

Current ratio2.56

Higher than 66% of 13,158 companies in 2025.

Return on assets1.6%

Higher than 42% of 13,337 companies in 2025.

FST Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff cost per FTE€7,635

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 611,604567,546556,698469,379402,759466,817428,187513,768538,365430,053451,981423,139470,681480,225415,587360,244268,283315,051292,921
Fixed assets21/28 12,5781,9154,1078,43311,05810,60014,3469,69011,856497994-9,42221,19428,26637,688---
Tangible fixed assets22/27 12,5781,9154,1078,43311,05810,60014,3469,69011,856497994-9,42218,84428,26637,688---
Plant, machinery and equipment23 5008681,5432,6732,1023,1362,419798-----------
Furniture and vehicles24 12,0781,0472,5645,7608,9567,46411,9288,89211,856497994-9,42218,84428,26637,688---
Financial fixed assets28 -------------2,350-----
Current assets29/58 599,026565,631552,591460,947391,701456,217413,840504,078526,509429,556450,988423,139461,259459,031387,321322,556268,283315,051292,921
Stocks and contracts in progress3 175,628231,479291,167309,132240,296235,850213,597207,332152,53856,52342,32236,98522,78330,86422,60623,06113,08612,73612,198
Stocks30/36 175,628231,479291,167309,132240,296235,850213,597207,332152,53856,52342,32236,98522,78330,86422,60623,06113,08612,73612,198
Amounts receivable within one year40/41 355,982273,284252,578147,864140,207151,961147,813143,37796,397167,796111,933115,728125,810205,795191,581147,75288,292120,50592,636
Trade receivables40 274,653205,132179,516119,689129,672146,607124,895121,28557,095157,709100,60489,83860,56497,43177,58871,98253,331112,63390,036
Other amounts receivable41 81,32968,15273,06228,17410,5355,35422,91822,09139,30210,08711,32825,89065,246108,364113,99375,77134,9617,8732,601
Current investments50/53 ---------144,296144,296--------
Cash at bank and in hand54/58 64,98260,3728,3503,45510,70267,91151,935152,874277,07860,444151,941267,850310,089219,795170,558149,167164,329179,233185,510
Deferred charges and accrued income490/1 2,4334964964964964964964964964964962,5772,5772,5772,5772,5772,5772,5772,577
Balance sheet: equity and liabilities
Total equity and liabilities10/49 611,604567,546556,698469,379402,759466,817428,187513,768538,365430,053451,981423,139470,681480,225415,587360,244268,283315,051292,921
Equity10/15 370,886361,386358,434352,314352,297349,671363,253381,753389,765386,498330,833304,760312,413312,199284,430252,452243,212259,385230,022
Contributions10/11 174,473174,473174,473174,473174,473174,473174,473174,473174,473174,473174,473174,47361,97361,97361,97361,97361,97361,97361,973
Capital10 174,473174,473174,473174,473---------------
Issued capital100 174,473174,473174,473174,473174,473174,473174,473174,473174,473174,473174,473174,47361,97361,97361,97361,97361,97361,97361,973
Reserves13 215,292215,292215,292215,292215,292215,292215,292215,292215,292212,025156,359130,286250,440250,226222,457190,479181,238197,412168,048
Non-distributable reserves130/1 6,1976,1976,1976,1976,197--------------
Legal reserve130 6,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,1976,197
Distributable reserves133 209,095209,095209,095209,095209,095209,095209,095209,095209,095205,827150,162124,089244,242244,028216,259184,282175,041191,214161,851
Profit (loss) carried forward14 -18,880-28,379-31,332-37,451-37,468-40,095-26,513-8,013-----------
Amounts payable17/49 240,718206,160198,264117,06550,462117,14664,934132,015148,59943,555121,149118,379158,268168,026131,157107,79225,07255,66662,899
Amounts payable after more than one year17 ------------9,31119,11128,55037,639---
Financial debts170/4 ------------9,31119,11128,55037,639---
Amounts payable within one year42/48 234,249200,423198,264117,06550,462117,14664,934132,015148,59943,555121,149118,379148,956148,915102,60770,15325,07255,66662,899
Current portion of amounts payable after more than one year42 -----------9,3119,8009,4399,0898,758---
Trade debts44 128,86492,30995,09636,93031,502102,78153,163121,337122,50927,83383,56064,73838,332124,03883,32856,48919,98036,60248,103
Suppliers440/4 128,86492,30995,09636,93031,502102,78153,163121,337122,50927,83383,56064,73838,332124,03883,32856,48919,98036,60248,103
Taxes, remuneration and social security45 2,2984,1875,8027,04518,95914,36511,77110,6786,09015,72212,58914,33038,3247,3822,1344,9065,09219,0646,628
Taxes450/3 1,8714,1875,8021,50911,6619,8648,1406,9666,09014,80311,88914,33038,3247,3822,1344,9065,09219,0646,628
Remuneration and social security454/9 428--5,5367,2994,5013,6323,712-919700--------
Other amounts payable47/48 103,087103,92797,36673,089----20,000-25,00030,00062,5008,0568,056---8,168
Accrued charges and deferred income492/3 6,4695,737-----------------
Income statement
Non-recurring operating income76A --------1,000----------
Gross operating margin9900 33,83725,56917,0577,38421,02027,7038,37013,68525,22289,55478,30354,50494,03546,38480,66313,408-20,01836,78731,395
Remuneration, social security and pensions62 7,6359,108-1,08911,7428,5294,30617,13214,54919,36616,619--------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 3,8382,1924,3264,4656,1115,4985,1183,1633,4614974979,4229,4229,4229,4229,422---
Other operating charges640/8 1,1531,2758981,0971,19225,5025,2239721,4504,1768971,4371,1781,4211,8261,4091,6921,7161,948
Operating profit (loss)9901 21,21012,99411,8337331,976-11,825-6,277-7,5825,76265,51560,29143,64583,43535,54169,4152,576-21,71035,07129,447
Financial income75/76B 4985732481,6269591,7108854,9113,17326,11623,4879,61311,54613,38712,3737,6397,4936,3877,462
Recurring financial income75 4985732481,6269591,7108854,9112,17326,11623,4879,61311,54613,38712,3737,6397,4936,3877,462
Non-recurring financial income76B --------1,000----------
Financial charges65/66B 6,8836,9075023943087688753201,8612886,5615091,5151,19334,6209752,121913560
Recurring financial charges65 6,8836,9075023943087688753201,8612886,5615091,5151,19334,6209752,121913560
Profit (loss) for the period before taxes9903 14,8256,66111,5791,9662,626-10,883-6,268-2,9917,07491,34377,21752,74893,46647,73447,1679,241-16,33840,54436,349
Income taxes67/77 5,3253,7095,4601,949-2,69912,2335,0223,80735,67726,14517,90130,75211,9097,134--16411,18110,214
Profit (loss) for the period9904 9,5002,9536,119172,626-13,582-18,500-8,0133,26755,66551,07334,84762,71435,82540,0339,241-16,17329,36326,136
Profit (loss) for the period to be appropriated9905 9,5002,9536,119172,626-13,582-18,500-8,0133,26755,66551,07334,84762,71435,82540,0339,241-16,17329,36326,136
Appropriation of the result
Profit (loss) to be appropriated9906 -18,880-28,379-31,332-37,451-37,468-40,095-26,513-8,0133,26755,66551,07334,84762,71435,82540,0339,241-16,17329,36326,136
Profit (loss) brought forward from the previous period14P -28,379-31,332-37,451-37,468---------------
Transfer from equity791/2 ----------------16,173--
Transfer to equity691/2 --------3,26755,66526,0734,84721427,76931,9779,241-29,36326,136
To other reserves6921 --------3,26755,66526,0734,84721427,76931,9779,241-29,36326,136
Profit to be distributed694/7 ----------25,00030,00062,5008,0568,056----
Return on contributions (dividend)694 ----------25,00030,00062,5008,0568,056----
Social balance sheet
Average staff (FTE)9087 11-0.20.20.2-0.30.10.20.5--------
Hours worked1013 208208--360192-4331042481,200--------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 13 older financial years (1994-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 30-01-2026 2026-00024936 PDF
30-06-2024 micro format 31-01-2025 2025-00022411 PDF
30-06-2023 micro format 31-01-2024 2024-00022078 PDF
30-06-2022 micro format 31-01-2023 2023-00023321 PDF
30-06-2021 micro format 31-01-2022 2022-04200103 PDF
30-06-2020 micro format 29-01-2021 2021-02900144 PDF
30-06-2019 micro format 26-02-2020 2020-05600530 PDF
30-06-2018 abbreviated format 27-02-2019 2019-06000095 PDF
30-06-2017 abbreviated format 26-02-2018 2018-05500187 PDF
30-06-2016 abbreviated format 24-02-2017 2017-05100097 PDF
30-06-2015 abbreviated format 25-01-2016 2016-02500235 PDF
30-06-2014 abbreviated format 22-12-2014 2014-69800142 PDF
30-06-2013 abbreviated format 31-01-2014 2014-02800511 PDF
30-06-2012 abbreviated format 01-02-2013 2013-02300516 PDF
30-06-2011 abbreviated format 10-02-2012 2012-03000019 PDF
30-06-2010 abbreviated format 11-02-2011 2011-02900375 PDF
30-06-2009 abbreviated format 22-02-2010 2010-05100252 PDF
30-06-2008 abbreviated format 02-02-2009 2009-03200334 PDF
30-06-2007 abbreviated format 05-02-2008 2008-03800129 PDF
30-06-2006 abbreviated format 12-02-2007 2007-04702720 PDF
30-06-2005 abbreviated format 31-01-2006 2006-04001306 PDF
30-06-2004 abbreviated format 14-01-2005 2005-01503874 PDF
30-06-2003 abbreviated format 01-03-2004 2004-06003781 PDF
30-06-2002 abbreviated format 19-03-2003 2003-07603404 PDF
30-06-2001 abbreviated format 11-03-2002 2002-06103511 PDF
30-06-2000 abbreviated format 05-02-2001 2001-03403707 PDF
30-06-1999 abbreviated format 14-02-2000 2000-03800430 PDF
30-06-1998 abbreviated format 30-12-1998 1998-64203337 PDF
30-06-1997 abbreviated format 19-02-1998 1998-03200957 PDF
30-06-1996 abbreviated format 13-03-1997 1997-03503594 PDF
30-06-1995 abbreviated format 05-01-1996 1996-00500496 PDF
30-06-1994 abbreviated format 27-03-1995 1995-04500652 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
EBITDA 25,04915,18616,1595,1988,086-6,327-1,159-4,4189,22366,01260,78853,06792,85744,96378,83711,998---
Cash flow 13,3385,14410,4454,4828,737-8,084-13,382-4,8496,72956,16251,57044,26972,13645,24749,45518,663---
Investment in fixed assets (approximation) 14,501001,8406,5691,7519,77599814,82001,4910-2,3502,350047,110---
Change in cash 4,61052,0224,895-7,247-57,20915,976-100,939-124,204216,634-91,497-115,909-42,23990,29449,23721,391-15,163-14,904-6,276-
Working capital 364,777365,208354,327343,882341,239339,071348,906372,063377,910386,001329,839304,760312,302310,116284,714252,404243,212259,385230,022
Solvency 60.6%63.7%64.4%75.1%87.5%74.9%84.8%74.3%72.4%89.9%73.2%72.0%66.4%65.0%68.4%70.1%90.7%82.3%78.5%
Current ratio 2.562.822.793.947.763.896.373.823.549.863.723.573.103.083.774.6010.705.664.66
Quick ratio 1.811.671.321.303.001.883.082.252.528.563.373.262.942.883.554.2710.185.434.46
Debt to equity 0.650.570.550.330.140.340.180.350.380.110.370.390.510.540.460.430.100.210.27
ROE 2.6%0.8%1.7%0.0%0.7%-3.9%-5.1%-2.1%0.8%14.4%15.4%11.4%20.1%11.5%14.1%3.7%-6.6%11.3%11.4%
ROA 1.6%0.5%1.1%0.0%0.7%-2.9%-4.3%-1.6%0.6%12.9%11.3%8.2%13.3%7.5%9.6%2.6%-6.0%9.3%8.9%
Interest coverage 3.642.2032.1613.20---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-06-202530-06-202430-06-2022
Employees at the balance-sheet date11-
part-time11-
in full-time equivalents0.10.1-
Average over the year, in full-time equivalents0.20.1-
On a permanent contract11-
Joined--0
Left--1

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€14,501--€1,840
Depreciation and write-downs of the year€3,838€2,192€4,326€4,465

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on FST

The operating result for 2025 is 63% higher than in 2024 and the highest since 2016. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total rises from 36.3% to 39.4%. Equity and debt are higher.

Board & ownership

Board

4 directors, 1 in day-to-day management, last change in 2022
FAGARD Bart Mariette Jean-Pierre
Director
in office according to the deed of 08-03-2022 6-year term from 2022
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 30-01-2026
FASCO BV
Director, permanent representative FAGARD Martijn Kristof Marie-Rose Stein Olivier
in office according to the deed of 08-03-2022 6-year term from 2022
listed in the 2025 annual accounts, filed on 30-01-2026
FST HOLDING BV
Director, permanent representative FAGARD Sylvain Noël Joseph Marie
in office according to the deed of 08-03-2022 6-year term from 2022
listed in the 2025 annual accounts, filed on 30-01-2026
Loix Lieve
Director
listed in the 2025 annual accounts, filed on 30-01-2026
LOIX Godelieve Leonie Hubertine Marie
Managing director
appointed by deed of 08-03-2022 6-year term from 2022
Day-to-day management
LOIX Godelieve Leonie Hubertine Marie
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly
deed of 08-03-2022
Permanent representatives 2
FAGARD Martijn Kristof Marie-Rose Stein Olivier
Permanent representative, for FASCO
in office according to the deed of 08-03-2022
FAGARD Sylvain Noël Joseph Marie
Permanent representative, for FST HOLDING
in office according to the deed of 08-03-2022

Office holders in the KBO →

Mandates through the years

5 names, the dashed line is today
FAGARD Bart Mariette Jean-Pierre
Director
FASCO
Director
FST HOLDING
Director
Loix Lieve
Director
LOIX Godelieve Leonie Hubertine Marie
Managing director
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
  • FAGARD Bart Mariette Jean-Pierre
    • Director, from 23-02-2022 to date
  • FASCO
    • Director, from 23-02-2022 to date
  • FST HOLDING
    • Director, from 23-02-2022 to date
  • Loix Lieve
    • Director, since before 30-06-2025
  • LOIX Godelieve Leonie Hubertine Marie
    • Managing director, appointed by deed of 08-03-2022, still in office

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€174,473.38
Shares
400
Contribution per share
€436
Equity per share
€927 in 2025
Source
deed of 08-03-2022

Articles of association

deed of 08-03-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
At most 6 directors
“Samenstelling raad van bestuur, hoogstens zes jaar”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of December at 19:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Alle verrichtingen vermeld in wet, algemene vergadering anders bij gewone meerderheid”

Network & group

No group

FST has no parent and no holdings in its annual accounts.

At the same address

Vliegveldlaan 82, 3800 Sint-Truiden · 1 other company
FST HOLDING
registered office since 24-03-2017 · founded in 2017
 total assets €444,690 (2025)
0673.495.447

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BDF PROJECTS
via FAGARD Bart Mariette Jean-Pierre · Director (not named in the articles) · deed of 10-03-2022
Founded in 2006 · total assets €181,136 (2025)
→

Timeline

Timeline

41 events since 1994

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0451765028
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
1 director appointed, 3 reappointmentsReappointments: FASCO, FST HOLDING and FAGARD Bart Mariette Jean-Pierre · Permanent representatives: FAGARD Martijn Kristof Marie-Rose Stein Olivier and FAGARD Sylvain Noël Joseph Marie · Appointment: LOIX Godelieve Leonie Hubertine Marie (managing director) · General meeting of 03-02-202213 points ▸
  • General meeting, 03-02-2022
  • Capital, €174,473.38, 400 shares
  • Director reappointment, FASCO
  • Director reappointment, FST HOLDING
  • Director reappointment, FAGARD Bart Mariette Jean-Pierre
  • Permanent representative, FAGARD Martijn Kristof Marie-Rose Stein Olivier
  • Permanent representative, FAGARD Sylvain Noël Joseph Marie
  • Power of attorney, Yaël Graindor
  • Director appointment, LOIX Godelieve Leonie Hubertine Marie (managing director)
  • Registered office clause, Vliegveldlaan 82 3800 Sint-Truiden
  • Director discharge, FAGARD Bart Mariette Jean-Pierre
  • Director discharge, FASCO
  • Director discharge, FST HOLDING
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · on the deadline day
2021
Back to profit net €2,626 The net result is €2,626, after 3 loss-making years.
Annual accounts 2020 filed PDFmicro format · 2 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 26 days late
2019
Weakest financial year net -€18,500 The net result drops to -€18,500, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFabbreviated format · 27 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 26 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 24 days late
2016
Liquidity more than doubled current ratio 9.86 The current ratio rises from 3.72 to 9.86. Short-term debt falls from €121,149 to €43,555.
Annual accounts 2015 filed PDFabbreviated format · 6 days before the deadline
2014
Annual accounts 2014 filed PDFabbreviated format · 40 days before the deadline
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Highest result from 2007 to 2025 net €62,714 ▲75.1% The operating result of €83,435 and the net result of €62,714 are both a record.
Annual accounts 2012 filed PDFabbreviated format · 1 day late
2012
Annual accounts 2011 filed PDFabbreviated format · 10 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 11 days late
2010
Back to profit net €9,241 The net result is €9,241, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 22 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 2 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 5 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 12 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1998
Annual accounts 1998 filed PDFabbreviated format
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
First establishment Vliegveldlaan 82, Sint-Truiden
Incorporation published on 08-02-1994

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 January 1994, FST was incorporated.1 Total assets went from €428,187 in 2019 to €611,604 in 2025 and headcount from 0.2 full-time equivalents in 2020 to 1 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019, 2020 and 2025

Company details

Identity

Enterprise number
0451.765.028
VAT number
BE 0451.765.028
Peppol ID
0208:0451765028
Other Peppol ID
9925:BE0451765028
Legal form
Public limited company
Status
Active, normal situation
Founded
12-01-1994
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of December at 19:00
deed of 08-03-2022 (in Dutch)
Peppol
Reachable since 27-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
FST in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-03-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 08-03-2022 (in Dutch)

Activities

NACEBEL 2025
VAT activities
46620 Wholesale of machine tools main activity
Social security (RSZ) activities
46643 Wholesale of electrical equipment, including installation materials main activity
Codes under NACEBEL 2008
VAT activities
46620 Wholesale of machine tools main activity
Social security (RSZ) activities
46693 Wholesale trade main activity
Codes under NACEBEL 2003
51810 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Tussenpersoon in de handel; Groothandel in rol- en kogelassen; Groothandel in machines, werktuigmachines, gereedschap en toebehoren voor…”
24 activities
  1. Tussenpersoon in de handel
  2. Groothandel in rol- en kogelassen
  3. Groothandel in machines, werktuigmachines, gereedschap en toebehoren voor garages, carrossiers, bandencentrales, industrie
  4. Groothandel in door een motor aangedreven machines, pneumatische machines en hydraulische machines
  5. Groothandel in materieel voor aannemers
  6. Groothandel in hijstoestellen, los- en laadtoestellen, weegtoestellen
  7. Groothandel in niet elders genoemd machines, toestellen en werktuigen voor handels- en nijverheidsgebruik
  8. Groothandel in landbouwmachines en toebehoren
  9. Groothandel in rijwielen en toebehoren
  10. Groothandel in motorrijwielen en toebehoren
  11. Groothandel in metalen meubelen
  12. Groothandel in bureelmeubelen
  13. Groothandel in kantoormachines en -materieel
  14. Groothandel in magazijnrekken
  15. Invoerhandel van diverse goederen
  16. Kleinhandel in onderdelen en toebehoren voor motorvoertuigen en voor go-carts
  17. Kleinhandel in fietsen en onderdelen
  18. Kleinhandel in motorrijwielen en onderdelen
  19. Kleinhandel in motorvoertuigen en onderdelen
  20. Kleinhandel in brandstoffen en smeermiddelen
  21. Kleinhandel in luchtbanden voor motorvoertuigen en rijwielen
  22. Verhuring van divers materieel
  23. Werkplaats voor het onderhoud en de herstelling van alle in het doel genoemde artikelen
  24. Het plaatsen, inrichten, onderhouden en herstellen van machines, gereedschap en toebehoren voor garages, carrossiers, bandencentrales en de industrie
deed of 08-03-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Vliegveldlaan 82 registered office 3800 Sint-Truiden 25530 Machining of metals 03-02-1994 2.065.368.045

Buildings and parcels at the address

Ground area
2,171 m²
Buildings
167 m²
Volume, LiDAR
1,049 m³
Tallest building
9.0 m
Buildings to scale, each on its own parcel
167 m², 9.0 m 167 m², 9.0 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
71009A0463/00G0002,171 m² 1 · 167 m² 9.0 m · 2

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