FSTR (0651.764.873): annual accounts, directors and company register

FSTR

Ghent ·KBO/BCE: BE 0651.764.873

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%

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%

Company	Total assets	Gross margin	Solvency	Staff
FSTR Ghent	€39,666	€8,586	11.8%	-
ORCHID Antwerp	€37,863	€8,664	81.5%	-
ED SYS Anderlecht	€43,493	€9,025	32.2%	-
Life.Simpler. Auderghem	€37,365	€9,392	-115.6%	-
ARTOFACT Antwerp	€48,501	€7,592	94.3%	-
Lavia Solutions Ghent	€53,381	€11,721	-119.0%	-
DIMACO GROUP Lubbeek	€29,949	€8,722	-258.5%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Balance sheet: assets
Total assets`20/58`	39,666	17,191	23,580	27,352	1,252	2,545	2,545	2,545	31,575
Fixed assets`21/28`	11,982	2,714	5,567	-	0	1,293	1,293	1,293	2,548
Tangible fixed assets`22/27`	11,982	2,714	5,567	-	0	1,293	1,293	1,293	2,548
Furniture and vehicles`24`	9,332	2,714	5,567	-	0	1,293	1,293	1,293	2,548
Other tangible fixed assets`26`	2,650	-	-	-	-	-	-	-	-
Current assets`29/58`	27,684	14,477	18,013	27,352	1,252	1,252	1,252	1,252	29,028
Amounts receivable within one year`40/41`	23,669	13,848	17,060	14,633	1,251	1,251	1,251	1,251	29,020
Trade receivables`40`	23,032	8,471	11,118	14,091	-	-	-	-	28,389
Other amounts receivable`41`	637	5,377	5,941	542	1,251	1,251	1,251	1,251	631
Cash at bank and in hand`54/58`	4,015	628	953	12,718	1	1	1	1	8
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	39,666	17,191	23,580	27,352	1,252	2,545	2,545	2,545	31,575
Equity`10/15`	4,665	1,328	8,553	5,100	-169	1,124	1,124	1,124	3,807
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	-	18,550	18,550
Uncalled capital`101`	-	-	-	-	-	-	-	12,350	12,350
Profit (loss) carried forward`14`	-1,535	-4,872	2,353	-1,100	-6,369	-5,076	-5,076	-5,076	-2,393
Amounts payable`17/49`	35,001	15,863	15,027	22,252	1,421	1,421	1,421	1,420	27,768
Amounts payable within one year`42/48`	35,001	15,863	15,027	22,252	1,360	1,360	1,360	1,360	27,768
Trade debts`44`	1,952	3,040	540	10,809	214	214	214	214	27,768
Suppliers`440/4`	1,952	3,040	540	10,809	214	214	214	214	27,768
Taxes, remuneration and social security`45`	4,954	22	4,195	3,274	-	-	-	-	-
Taxes`450/3`	4,954	22	4,195	805	-	-	-	-	-
Remuneration and social security`454/9`	-	-	0	2,469	-	-	-	-	-
Other amounts payable`47/48`	28,095	12,801	10,293	8,169	1,146	1,146	1,146	1,146	-
Accrued charges and deferred income`492/3`	-	-	-	-	61	61	61	61	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	84
Gross operating margin`9900`	8,586	-4,000	5,481	5,711	0	0	0	-1,163	-829
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,923	2,853	1,110	-	-	-	-	1,255	1,255
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	190	-	-	-	-	-	-	-	-
Other operating charges`640/8`	531	141	638	469	-	-	-	213	177
Non-recurring operating charges`66A`	-	-	-	-	1,293	-	-	-	-
Operating profit (loss)`9901`	4,941	-6,993	3,733	5,242	-1,293	0	0	-2,632	-2,261
Financial income`75/76B`	-	0	20	-	-	-	-	-	-
Recurring financial income`75`	-	0	20	-	-	-	-	-	-
Financial charges`65/66B`	1,604	231	177	107	-	-	-	51	132
Recurring financial charges`65`	1,604	231	177	107	-	-	-	51	123
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	-	9
Profit (loss) for the period before taxes`9903`	3,337	-7,225	3,576	5,135	-1,293	0	0	-2,683	-2,393
Income taxes`67/77`	-	0	123	35	-	-	-	-	-
Profit (loss) for the period`9904`	3,337	-7,225	3,453	5,100	-1,293	0	0	-2,683	-2,393
Profit (loss) for the period to be appropriated`9905`	3,337	-7,225	3,453	5,100	-1,293	0	0	-2,683	-2,393
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1,535	-4,872	2,353	-1,100	-6,369	-5,076	-5,076	-5,076	-2,393
Profit (loss) brought forward from the previous period`14P`	-4,872	2,353	-1,100	-6,200	-5,076	-5,076	-5,076	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	22-06-2026	2026-00181057	PDF
31-12-2024	micro format	24-07-2025	2025-00300648	PDF
31-12-2023	micro format	19-07-2024	2024-00262243	PDF
31-12-2022	micro format	28-09-2023	2023-00456834	PDF
31-12-2021	micro format	06-03-2024	2024-00041358	PDF
31-12-2020	micro format	01-03-2024	2024-00038286	PDF
31-12-2019	micro format	29-02-2024	2024-00037376	PDF
31-12-2018	micro format	19-08-2019	2019-48500422	PDF
31-12-2017	micro format	22-08-2018	2018-50800108	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBITDA	7,864	-4,141	4,843	-	-	-	-	-1,377	-1,006
Cash flow	6,260	-4,372	4,563	-	-	-	-	-1,428	-1,138
Investment in fixed assets (approximation)	12,191	0	6,677	-	-	-	-	0	3,803
Change in cash	3,387	-325	-11,765	12,717	0	0	0	-8	-
Working capital	-7,317	-1,386	2,986	5,100	-108	-108	-108	-108	1,259
Solvency	11.8%	7.7%	36.3%	18.6%	-	-	-	-	12.1%
Current ratio	0.79	0.91	1.20	1.23	-	-	-	-	1.05
Debt to equity	7.50	11.94	1.76	4.36	-	-	-	-	7.29
ROE	71.5%	-544.0%	40.4%	100.0%	-	-	-	-	-62.9%
ROA	8.4%	-42.0%	14.6%	18.6%	-	-	-	-	-7.6%
Interest coverage	4.90	-17.89	27.31	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€12,191	-	€6,677	-	-
Depreciation and write-downs of the year	€2,923	€2,853	€1,110	-	-

Overview

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Annual accounts 2025

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Annual accounts 2025

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Position in the sector

Solvency11.8%

Current ratio0.79

Return on assets8.4%

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