FTS
ActiveSummary
The computed 12-month bankruptcy probability of FTS is 2.2% (moderate). The 2025 annual accounts show negative equity (-€89,310) and a net result of -€14,166. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 9% of 11502 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-52
Solvency0=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.57 in 2024; short-term debt: 187.6% and cash: 31.7% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-87.6%
Return on assets
-13.9%
Age of the figures
15 mo
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€89,310
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 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
46 d early
2023
97 d late
2022
on the day
2021
42 d early
2020
48 d early
2019
45 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 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€89,310▼ 18.9%
2024 · -€75,144
Total assets
€101,939▼ 13.5%
2024 · €117,882
Net result
-€14,166
2024 · €947
Working capital
-€95,022▼ 14.4%
2024 · -€83,046
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Operating result€14,884▲ 10.4%-€24,360€8,219€3,025▼ 63.2%-€13,545
Net result€13,137within the sector's middle half▲ 7.7%-€24,978below the sector's middle half€6,248within the sector's middle half€947within the sector's middle half▼ 84.8%-€14,166below the sector's middle half
Equity-€57,362below the sector's middle half▲ 18.6%-€82,340below the sector's middle half▼ 43.5%-€76,092below the sector's middle half▲ 7.6%-€75,144below the sector's middle half▲ 1.2%-€89,310below the sector's middle half▼ 18.9%
Total assets€121,692within the sector's middle half▼ 2.7%€92,040within the sector's middle half▼ 24.4%€120,412within the sector's middle half▲ 30.8%€117,882within the sector's middle half▼ 2.1%€101,939within the sector's middle half▼ 13.5%
Debt€179,054▼ 8.4%€174,380▼ 2.6%€196,503▲ 12.7%€193,026▼ 1.8%€191,249▼ 0.9%
Working capital-€69,002below the sector's middle half▲ 16.5%-€92,144below the sector's middle half▼ 33.5%-€86,157below the sector's middle half▲ 6.5%-€83,046below the sector's middle half▲ 3.6%-€95,022below the sector's middle half▼ 14.4%
Solvency-47.1%below the sector's middle half▲ 9.2pp-89.5%below the sector's middle half▼ 42.3pp-63.2%below the sector's middle half▲ 26.3pp-63.7%below the sector's middle half▼ 0.6pp-87.6%below the sector's middle half▼ 23.9pp
Current ratio0.61below the sector's middle half▲ 0.030.47below the sector's middle half▼ 0.140.56below the sector's middle half▲ 0.090.57below the sector's middle half▲ 0.010.50below the sector's middle half▼ 0.07
Return on assets (ROA)10.8%within the sector's middle half▲ 1.0pp-27.1%below the sector's middle half▼ 37.9pp5.2%within the sector's middle half▲ 32.3pp0.8%within the sector's middle half▼ 4.4pp-13.9%below the sector's middle half▼ 14.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 €13,545 after €3,025 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,939
Fixed assets
€5,712 ▼ 27.7%
Current assets
€96,228 ▼ 12.5%
Key figures and ratios
EBITDA
-€11,355▼
2024 · €9,201
Cash flow
-€11,976▼
2024 · €7,124
Quick ratio
0.23▼
2024 · 0.29
Debt to equity
-2.14▲
2024 · -2.57
Interest coverage
-17.11▼
2024 · 3.96
Debt ≤ 1 year
€191,249▼
2024 · €193,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,371 | €5,183 | €5,257 | €6,176 | €2,190 | ▼ 64.5% |
| Other operating charges640/8 | - | €29,204 | €6,528 | €12,631 | €10,019 | ▼ 20.7% |
| Gross operating margin9900 | €36,380 | €10,026 | €20,004 | €21,832 | -€1,336 | ▼ 106% |
| Operating profit (loss)9901 | €14,884 | -€24,360 | €8,219 | €3,025 | -€13,545 | ▼ 548% |
| Financial income75/76B | - | €102 | €138 | €245 | €43 | ▼ 82.6% |
| Recurring financial income75 | €50 | €102 | €138 | €245 | €43 | ▼ 82.6% |
| Financial charges65/66B | - | €719 | €2,109 | €2,323 | €664 | ▼ 71.4% |
| Recurring financial charges65 | €1,797 | €719 | €2,109 | €2,323 | €664 | ▼ 71.4% |
| Profit (loss) for the period before taxes9903 | €13,137 | -€24,978 | €6,248 | €947 | -€14,166 | ▼ 1,595% |
| Profit (loss) for the period9904 | €13,137 | -€24,978 | €6,248 | €947 | -€14,166 | ▼ 1,595% |
| Profit (loss) for the period to be appropriated9905 | €13,137 | -€24,978 | €6,248 | €947 | -€14,166 | ▼ 1,595% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,692 | €92,040 | €120,412 | €117,882 | €101,939 | ▼ 13.5% |
| Fixed assets21/28 | €12,940 | €9,804 | €10,065 | €7,902 | €5,712 | ▼ 27.7% |
| Tangible fixed assets22/27 | €12,129 | €9,804 | €10,065 | €7,902 | €5,712 | ▼ 27.7% |
| Plant, machinery and equipment23 | - | €4,766 | €4,619 | €5,297 | €3,429 | ▼ 35.3% |
| Furniture and vehicles24 | - | €5,038 | €2,519 | - | - | - |
| Other tangible fixed assets26 | - | - | €2,928 | €2,605 | €2,282 | ▼ 12.4% |
| Financial fixed assets28 | €811 | - | - | - | - | - |
| Current assets29/58 | €108,752 | €82,236 | €110,346 | €109,980 | €96,228 | ▼ 12.5% |
| Stocks and contracts in progress3 | €52,919 | €52,919 | €55,829 | €53,719 | €52,612 | ▼ 2.1% |
| Stocks30/36 | - | €52,919 | €55,829 | €53,719 | €52,612 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €25,127 | €10,675 | €25,361 | €35,949 | €10,809 | ▼ 69.9% |
| Trade receivables40 | - | €10,675 | €25,361 | €35,949 | €10,003 | ▼ 72.2% |
| Other amounts receivable41 | - | - | - | - | €806 | - |
| Cash at bank and in hand54/58 | €30,313 | €18,238 | €27,788 | €19,851 | €32,320 | ▲ 62.8% |
| Deferred charges and accrued income490/1 | - | €403 | €1,369 | €461 | €486 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,692 | €92,040 | €120,412 | €117,882 | €101,939 | ▼ 13.5% |
| Equity10/15 | -€57,362 | -€82,340 | -€76,092 | -€75,144 | -€89,310 | ▼ 18.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | - | €12,400 | €12,400 | €12,400 | = |
| Other1109/19 | - | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €14,424 | €14,424 | €6,619 | €6,619 | €6,619 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | €4,759 | €4,759 | €4,759 | €4,759 | = |
| Distributable reserves133 | - | €7,805 | - | - | - | - |
| Profit (loss) carried forward14 | -€84,185 | -€109,163 | -€95,110 | -€94,163 | -€108,329 | ▼ 15.0% |
| Amounts payable17/49 | €179,054 | €174,380 | €196,503 | €193,026 | €191,249 | ▼ 0.9% |
| Amounts payable within one year42/48 | €177,754 | €174,380 | €196,503 | €193,026 | €191,249 | ▼ 0.9% |
| Trade debts44 | €4,175 | €4,563 | €11,342 | €5,059 | €4,666 | ▼ 7.8% |
| Suppliers440/4 | - | €4,563 | €11,342 | €5,059 | €4,666 | ▼ 7.8% |
| Taxes, remuneration and social security45 | - | €2,296 | €2,955 | €2,985 | €16 | ▼ 99.5% |
| Taxes450/3 | - | €2,296 | €2,955 | €2,985 | €16 | ▼ 99.5% |
| Other amounts payable47/48 | - | €167,521 | €182,207 | €184,981 | €186,568 | ▲ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,137 | -€24,978 | €6,248 | €947 | -€14,166 | ▼ 1,595% |
| + Depreciation and write-downs630 | €3,371 | €5,183 | €5,257 | €6,176 | €2,190 | ▼ 64.5% |
| Operating cash flow (approximation) | €16,508 | -€19,795 | €11,505 | €7,124 | -€11,976 | ▼ 268% |
| Investment in fixed assets (approximation) | - | -€2,047 | -€5,518 | -€4,013 | €0 | ▲ 100% |
| Change in cash | - | -€12,074 | €9,549 | -€7,936 | €12,469 | ▲ 257% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
30-06
Financial
Back to profitnet €6,248
Net result €6,248 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€24,978
Net result drops to -€24,978, the lowest in the series; recovery starts the following year.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
13-12
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 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Anderlecht · 2 establishment units since 2002
Ground area
334 m²
Building footprint
208 m²
Volume, LiDAR
2,476 m³
2 parcels, Brussels, Flanders · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
WWWINES
since 20022.114.901.490
One Hour Photo
since 20182.281.101.983
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0516/00Y000 | Flanders | 236 m² | 1 · 110 m² | 15.5 m · 4 fl. |
| 21001A0599/00L013 | Brussels | 98 m² | 1 · 98 m² | 17.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteWemmel2.114.901.490
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,582 companies in sector 46349 we hold annual accounts for 990. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-08-2001
Fiscal year end30-06
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
47742Retail sale of prescription glasses, lenses and sunglasses
74209Other photographic activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475516368
Also
9925:BE0475516368
Registered
29-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.