FT COMPANY
ActiveThe computed 12-month bankruptcy probability of FT COMPANY is 8.4% (elevated). The 2024 annual accounts show equity of €5k and a net result of €-9k. Equity is shrinking by ~23.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 22% of 6714 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency13▼-11
Growth32▼-43
Stability94
Bankruptcy probability, 12 months
8.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 1.07 in 2023), and 90.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
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
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 2024Solvency, return and age of the figures
Solvency
9.4%
Return on assets
-17.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 6714 sector peers (2024).
NBB · sector comparisonPosition among 6714 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
55 d late
2022
36 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 65.5%
2023 · €13k
2022: €9k
2023: €13k
2022 → 2024
Total assets
€48k▼ 35.2%
2023 · €74k
2022: €9k
2023: €74k
2022 → 2024
Net result
€-9k
2023 · €5k
2023: €5k
2023 → 2024
Working capital
€-8k
2023 · €4k
2023: €4k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€9k-€13k▲ 54.7%€5k▼ 65.5%
Operating result€6k€-8k
Net result€5k€-9k
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 2024: a loss of €8k after €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48k
Fixed assets
€12k▲ 40.0%
Current assets
€36k▼ 45.3%
Equity and liabilities €48k
Equity
€5k▼ 65.5%
Debt
€44k▼ 28.7%
The debt ratio rises from 82.3% to 90.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€1k▼
2023 · €8k
Cash flow
€591▼
2023 · €7k
Solvency
9.4%▼
2023 · 17.7%
Current ratio
0.82▼
2023 · 1.07
Quick ratio
0.82▼
2023 · 1.07
Debt / equity
9.63▲
2023 · 4.66
ROE
-189.8%▼
2023 · 35.4%
ROA
-17.9%▼
2023 · 6.2%
Interest coverage
11.05▼
2023 · 79.83
Debt
€44k▼
2023 · €61k
Debt ≤ 1 year
€44k▼
2023 · €61k
Income taxes
€739▼
2023 · €1k
Staff costs
€47k▲
2023 · €20k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€74k€48k▼
Fixed assets21/28€9k€12k▲
Tangible fixed assets22/27€9k€12k▲
Furniture and vehicles24€9k€12k▲
Current assets29/58€66k€36k▼
Amounts receivable within one year40/41€56k€22k▼
Trade receivables40€19k€12k▼
Other amounts receivable41€37k€10k▼
Cash at bank and in hand54/58€10k€14k▲
Equity and liabilities
Total equity and liabilities10/49€74k€48k▼
Equity10/15€13k€5k▼
Contributions10/11€9k€9k=
Profit (loss) carried forward14€5k€-4k▼
Amounts payable17/49€61k€44k▼
Amounts payable within one year42/48€61k€44k▼
Trade debts44€47k€38k▼
Suppliers440/4€47k€38k▼
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€5k€1k▼
Remuneration and social security454/9€9k€4k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€91k€102k▲
Remuneration, social security and pensions62€20k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€735€656▼
Non-recurring operating charges66A€3k€3k▼
Gross operating margin9900€32k€53k▲
Operating profit (loss)9901€6k€-8k▼
Financial charges65/66B€99€132▲
Recurring financial charges65€99€132▲
Profit (loss) for the period before taxes9903€6k€-8k▼
Income taxes67/77€1k€739▼
Profit (loss) for the period9904€5k€-9k▼
Profit (loss) for the period to be appropriated9905€5k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-4k▼
Profit (loss) brought forward from the previous period14P-€5k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2022
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.
Vanderlindenstraat 1431030 SchaarbeekGround area
129 m²
Building footprint
107 m²
Volume, LiDAR
863 m³
Parcel 21910E0094/00E012, Brussels · tallest building 15.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FT COMPANY
since 20222.339.932.879
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0094/00E012 | Brussels | 129 m² | 1 · 107 m² | 15.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
BILLY TRANSPORT
BE 0799.510.325
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FD Services
BE 0764.402.857
Sint-Niklaas · Eq €5k
NFH TRANSPORT
BE 0654.946.869
Antwerpen · Eq €5k
AJC TRANSPORTS
BE 0804.494.838
Jodoigne · Eq €5k
KRC TRANSPORT
BE 0731.784.331
Vilvoorde · Eq €5k
Of 12,449 companies in sector 49410 we hold annual accounts for 8,086. 2,526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-2022
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.