FSV2-architects
ActiveFSV2-architects has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-27k. Equity is growing by ~53.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 9386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency40▼-30
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.16 against 1.35 in 2024), and 75.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.4%
Return on assets
-14.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9386 sector peers (2025).
NBB · sector comparisonPosition among 9386 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
31 d late
2023
30 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
31 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▼ 36.8%
2024 · €72k
2018: €-6k
2019: €-44k
2020: €-21k
2021: €-5k
2022: €4k
2023: €33k
2024: €72k
2018 → 2025
Total assets
€188k▲ 4.2%
2024 · €180k
2018: €109k
2019: €100k
2020: €123k
2021: €147k
2022: €147k
2023: €193k
2024: €180k
2018 → 2025
Net result
€-27k
2024 · €39k
2018: €-3k
2019: €-39k
2020: €24k
2021: €16k
2022: €9k
2023: €29k
2024: €39k
2018 → 2025
Working capital
€23k▼ 39.3%
2024 · €38k
2018: €-12k
2019: €-54k
2020: €-29k
2021: €-16k
2022: €-18k
2023: €-9k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-5k-€4k€33k▲ 725%€72k▲ 118%€46k▼ 36.8%
Operating result€21k-€16k▼ 24.3%€45k▲ 184%€55k▲ 22.3%€-26k
Net result€16k-€9k▼ 42.2%€29k▲ 222%€39k▲ 34.5%€-27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26k after €55k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€23k▼ 36.2%
Current assets
€165k▲ 14.3%
Equity and liabilities €188k
Equity
€46k▼ 36.8%
Debt
€142k▲ 31.7%
The debt ratio rises from 59.8% to 75.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-11k▼
2024 · €71k
Cash flow
€-12k▼
2024 · €55k
Solvency
24.4%▼
2024 · 40.2%
Current ratio
1.16▼
2024 · 1.35
Quick ratio
1.16▼
2024 · 1.35
Debt / equity
3.11▲
2024 · 1.49
ROE
-58.2%▼
2024 · 54.2%
ROA
-14.2%▼
2024 · 21.7%
Interest coverage
-9.53▼
2024 · 40.03
Debt
€142k▲
2024 · €108k
Debt ≤ 1 year
€142k▲
2024 · €107k
Income taxes
€36▼
2024 · €15k
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€180k€188k▲
Fixed assets21/28€36k€23k▼
Tangible fixed assets22/27€30k€17k▼
Furniture and vehicles24€22k€15k▼
Leasing and similar rights25€8k€2k▼
Financial fixed assets28€6k€6k▲
Current assets29/58€144k€165k▲
Amounts receivable within one year40/41€66k€78k▲
Trade receivables40€66k€78k▲
Other amounts receivable41€26€26=
Cash at bank and in hand54/58€65k€77k▲
Deferred charges and accrued income490/1€14k€11k▼
Equity and liabilities
Total equity and liabilities10/49€180k€188k▲
Equity10/15€72k€46k▼
Contributions10/11€6k€6k=
Reserves13€62k€62k=
Distributable reserves133€62k€62k=
Profit (loss) carried forward14€4k€-22k▼
Amounts payable17/49€108k€142k▲
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€107k€142k▲
Current portion of amounts payable after more than one year42€4k€2k▼
Trade debts44€40k€34k▼
Suppliers440/4€40k€34k▼
Advances received on contracts in progress46€843€32k▲
Taxes, remuneration and social security45€20k€23k▲
Taxes450/3€20k€23k▲
Other amounts payable47/48€42k€52k▲
Accrued charges and deferred income492/3-€17
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€1k€990▼
Gross operating margin9900€73k€-10k▼
Operating profit (loss)9901€55k€-26k▼
Financial income75/76B€280€135▼
Recurring financial income75€280€135▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€54k€-27k▼
Income taxes67/77€15k€36▼
Profit (loss) for the period9904€39k€-27k▼
Profit (loss) for the period to be appropriated9905€39k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€-22k▼
Profit (loss) brought forward from the previous period14P€2k€4k▲
Transfer to equity691/2€37k-
To other reserves6921€37k-
The notes to these accounts (7 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €39k ▲34.5%
Operating result €55k, net result €39k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2014
Ground area
558 m²
Building footprint
234 m²
Volume, LiDAR
4,202 m³
2 parcels, Brussels · tallest building 22.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
FSV2-architects
since 20142.228.789.784
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1050/00X000 | Brussels | 401 m² | 1 · 86 m² | 18.8 m · 5 fl. |
| 21904B0483/00A002 | Brussels | 156 m² | 1 · 148 m² | 22.7 m · 7 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.
Similar companies · same sector, comparable size
ANY STEEL DESIGN
BE 0798.945.745
Dentergem · Eq €46k
ENTER ARCHITECTURE
BE 0842.954.942
Antwerpen · Eq €46k
a2b atelier de l'architecte jean-charles boreux
BE 0885.597.231
Namur · Eq €46k
Dhaussy Architecture
BE 0897.472.506
Chastre · Eq €46k
JONCKX ARCHITECTEN
BE 0843.355.513
Antwerpen · Eq €46k
Of 18,210 companies in sector 71111 we hold annual accounts for 6,293. 5,246 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2007
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.