FTL
ActiveSummary
FTL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,501 and a net result of -€951. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 4231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+10
Solvency100=
Growth65▲+15
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
short-term debt: 0% and cash: 92.9% of total assets, and 0% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
100%
Return on assets
-11.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€951
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
87 d early
2023
85 d early
2022
51 d late
2021
54 d early
2020
40 d late
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 8 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€136,532▼ 9.8%
2024 · €151,306
EBIT margin
-0.7%▲ 3.3pp
2024 · -4.0%
Net result
-€951▲ 84.2%
2024 · -€6,031
Working capital
€8,483▼ 10.1%
2024 · €9,433
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€144,918€146,595▲ 1.2%€151,306▲ 3.2%€136,532▼ 9.8%
Operating result€8,307▲ 64.6%-€827-€2,171▼ 162%-€6,032▼ 178%-€951▲ 84.2%
Net result€6,445within the sector's middle half▲ 60.4%-€827within the sector's middle half-€2,170below the sector's middle half▼ 162%-€6,031below the sector's middle half▼ 178%-€951within the sector's middle half▲ 84.2%
EBIT margin-0.6%-1.5%▼ 0.9pp-4.0%▼ 2.5pp-0.7%▲ 3.3pp
Equity€18,480below the sector's middle half▲ 53.6%€17,653below the sector's middle half▼ 4.5%€15,483below the sector's middle half▼ 12.3%€9,452below the sector's middle half▼ 39.0%€8,501below the sector's middle half▼ 10.1%
Total assets€22,046below the sector's middle half▲ 43.0%€21,078below the sector's middle half▼ 4.4%€18,402below the sector's middle half▼ 12.7%€12,371below the sector's middle half▼ 32.8%€8,502below the sector's middle half▼ 31.3%
Debt€3,566▲ 5.5%€3,425▼ 3.9%€2,919▼ 14.8%€2,919=€1▼ 100.0%
Working capital€18,461within the sector's middle half▲ 53.6%€17,634within the sector's middle half▼ 4.5%€15,464within the sector's middle half▼ 12.3%€9,433within the sector's middle half▼ 39.0%€8,483within the sector's middle half▼ 10.1%
Solvency83.8%above the sector's middle half▲ 5.7pp83.8%above the sector's middle half▼ 0.1pp84.1%above the sector's middle half▲ 0.4pp76.4%above the sector's middle half▼ 7.7pp100.0%above the sector's middle half▲ 23.6pp
Current ratio6.18above the sector's middle half▲ 1.626.15above the sector's middle half▼ 0.036.30above the sector's middle half▲ 0.154.23above the sector's middle half▼ 2.07
Return on assets (ROA)29.2%above the sector's middle half▲ 3.2pp-3.9%below the sector's middle half▼ 33.2pp-11.8%below the sector's middle half▼ 7.9pp-48.7%below the sector's middle half▼ 37.0pp-11.2%below the sector's middle half▲ 37.6pp
Staff (FTE)0.5below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €951 in 2025 against €6,032 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,502
Fixed assets
€19 =
Current assets
€8,483 ▼ 31.3%
Equity and liabilities €8,502
Equity
€8,501 ▼ 10.1%
Debt
€1 ▼ 100.0%
Debt's share of the balance-sheet total falls from 23.6% to 0.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.31
ROE
-11.2%▲
2024 · -63.8%
Debt ≤ 1 year
€1▼
2024 · €2,919
Staff costs
€11,813▼
2024 · €12,749
A ratio outside any meaningful range has been withheld (balance sheet total €8,502, equity €8,501).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €144,918 | €146,595 | €151,306 | €136,532 | ▼ 9.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €132,630 | €134,109 | €141,819 | €122,508 | ▼ 13.6% |
| Remuneration, social security and pensions62 | €9,581 | €11,248 | €11,704 | €12,749 | €11,813 | ▼ 7.3% |
| Other operating charges640/8 | €2,254 | €1,866 | €2,953 | €2,769 | €3,161 | ▲ 14.2% |
| Gross operating margin9900 | €20,142 | €12,287 | €12,486 | €9,486 | €14,024 | ▲ 47.8% |
| Operating profit (loss)9901 | €8,307 | -€827 | -€2,171 | -€6,032 | -€951 | ▲ 84.2% |
| Financial charges65/66B | - | -€0 | -€1 | -€1 | -€0 | ▲ 81.9% |
| Recurring financial charges65 | - | -€0 | -€1 | -€1 | -€0 | ▲ 81.9% |
| Profit (loss) for the period before taxes9903 | €8,307 | -€827 | -€2,170 | -€6,031 | -€951 | ▲ 84.2% |
| Income taxes67/77 | €1,862 | - | - | - | - | - |
| Profit (loss) for the period9904 | €6,445 | -€827 | -€2,170 | -€6,031 | -€951 | ▲ 84.2% |
| Profit (loss) for the period to be appropriated9905 | €6,445 | -€827 | -€2,170 | -€6,031 | -€951 | ▲ 84.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,046 | €21,078 | €18,402 | €12,371 | €8,502 | ▼ 31.3% |
| Fixed assets21/28 | €19 | €19 | €19 | €19 | €19 | = |
| Financial fixed assets28 | €19 | €19 | €19 | €19 | €19 | = |
| Current assets29/58 | €22,027 | €21,059 | €18,384 | €12,352 | €8,483 | ▼ 31.3% |
| Amounts receivable within one year40/41 | €1,846 | €2,146 | €3,788 | €5,318 | €581 | ▼ 89.1% |
| Other amounts receivable41 | €1,846 | €2,146 | €3,788 | €5,318 | €581 | ▼ 89.1% |
| Cash at bank and in hand54/58 | €20,181 | €18,913 | €14,595 | €7,034 | €7,902 | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,046 | €21,078 | €18,402 | €12,371 | €8,502 | ▼ 31.3% |
| Equity10/15 | €18,480 | €17,653 | €15,483 | €9,452 | €8,501 | ▼ 10.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€112 | -€939 | -€3,109 | -€9,140 | -€10,091 | ▼ 10.4% |
| Amounts payable17/49 | €3,566 | €3,425 | €2,919 | €2,919 | €1 | ▼ 100.0% |
| Amounts payable within one year42/48 | €3,566 | €3,425 | €2,919 | €2,919 | €1 | ▼ 100.0% |
| Financial debts43 | €0 | - | - | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €675 | €534 | €28 | €28 | €1 | ▼ 97.8% |
| Suppliers440/4 | €675 | €534 | €28 | €28 | €1 | ▼ 97.8% |
| Taxes, remuneration and social security45 | €2,891 | €2,891 | €2,892 | €2,891 | - | - |
| Taxes450/3 | €2,891 | €2,891 | €2,891 | €2,891 | - | - |
| Remuneration and social security454/9 | - | - | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,445 | -€827 | -€2,170 | -€6,031 | -€951 | ▲ 84.2% |
| Operating cash flow (approximation) | €6,445 | -€827 | -€2,170 | -€6,031 | -€951 | ▲ 84.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,268 | -€4,318 | -€7,561 | €868 | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 3341current ratio 14138.80
Current ratio from 4.23 to 14138.80; short-term debt falls from €2,919 to €1.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€6,031
Net result drops to -€6,031, the lowest in the series; recovery starts the following year.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 51 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €6,445 ▲60.4%
Operating result €8,307, net result €6,445, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 40 days late
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €511
Net result €511 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Charleroi · 1 establishment unit since 1989
Ground area
412 m²
Building footprint
347 m²
Volume, LiDAR
2,331 m³
Parcel 52412A0417/00T000, Wallonia · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FTL
since 19892.046.065.837
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52412A0417/00T000 | Wallonia | 412 m² | 1 · 347 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
Food safety, FASFC
1 siteCharleroi2.046.065.837
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 3,283 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded18-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438947665
Also
9925:BE0438947665
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.