FVC Management
ActiveSummary
FVC Management has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €196k and a net result of €31k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+8
Solvency73▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 1.64 in 2023; short-term debt: 51.2% and cash: 2.7% of total assets), but 51.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
475 d late
2022
826 d late
2021
1151 d late
2020
66 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€196k▲ 18.7%
2023 · €165k
2018: €350k
2019: €382k▲ +9.3% vs 2018
2020: €394k▲ +3.0% vs 2019highest in 7 years
2021: €355k▼ -9.9% vs 2020
2022: €233k▼ -34.3% vs 2021
2023: €165k▼ -29.3% vs 2022lowest in 7 years
2024: €196k▲ +18.7% vs 2023
2018 → 2024
Total assets
€405k▲ 3.3%
2023 · €392k
2018: €433k
2019: €477k▲ +10.3% vs 2018
2020: €497k▲ +4.2% vs 2019highest in 7 years
2021: €469k▼ -5.8% vs 2020
2022: €417k▼ -11.0% vs 2021
2023: €392k▼ -6.1% vs 2022lowest in 7 years
2024: €405k▲ +3.3% vs 2023
2018 → 2024
Net result
€31k▲ 875%
2023 · €3k
2018: €72khighest in 7 years
2019: €68k▼ -5.5% vs 2018
2020: €57k▼ -16.4% vs 2019
2021: €36k▼ -36.4% vs 2020
2022: €-18k▼ -149% vs 2021lowest in 7 years
2023: €3k▲ +118% vs 2022
2024: €31k▲ +875% vs 2023
2018 → 2024
Working capital
€171k▲ 24.8%
2023 · €137k
2018: €349k
2019: €362k▲ +3.7% vs 2018
2020: €367k▲ +1.5% vs 2019highest in 7 years
2021: €328k▼ -10.7% vs 2020
2022: €209k▼ -36.2% vs 2021
2023: €137k▼ -34.7% vs 2022lowest in 7 years
2024: €171k▲ +24.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€394k-€355k▼ 9.9%€233k▼ 34.3%€165k▼ 29.3%€196k▲ 18.7%
2020: €394khighest in 5 years
2021: €355k▼ -9.9% vs 2020
2022: €233k▼ -34.3% vs 2021
2023: €165k▼ -29.3% vs 2022lowest in 5 years
2024: €196k▲ +18.7% vs 2023
Operating result€76k-€71k▼ 5.8%€33k▼ 54.0%€46k▲ 39.9%€41k▼ 10.7%
2020: €76khighest in 5 years
2021: €71k▼ -5.8% vs 2020
2022: €33k▼ -54.0% vs 2021lowest in 5 years
2023: €46k▲ +39.9% vs 2022
2024: €41k▼ -10.7% vs 2023
Net result€57k-€36k▼ 36.4%€-18k€3k€31k▲ 875%
2020: €57khighest in 5 years
2021: €36k▼ -36.4% vs 2020
2022: €-18k▼ -149% vs 2021lowest in 5 years
2023: €3k▲ +118% vs 2022
2024: €31k▲ +875% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €405k
Fixed assets
€27k ▼ 33.7%
Current assets
€378k ▲ 7.6%
Equity and liabilities €405k
Equity
€196k ▲ 18.7%
Debt
€209k ▼ 7.9%
Debt's share of the balance-sheet total falls from 57.9% to 51.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2023 · €55k
Cash flow
€45k▲
2023 · €12k
Current ratio
1.82▲
2023 · 1.64
Debt to equity
1.07▼
2023 · 1.38
ROE
15.7%▲
2023 · 1.9%
ROA
7.6%▲
2023 · 0.8%
Interest coverage
41.76▼
2023 · 169.93
Debt ≤ 1 year
€207k▼
2023 · €214k
Debt > 1 year
€2k▼
2023 · €12k
Income taxes
€9k▼
2023 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€392k€405k▲
Fixed assets21/28€41k€27k▼
Tangible fixed assets22/27€41k€27k▼
Furniture and vehicles24€41k€27k▼
Current assets29/58€351k€378k▲
Amounts receivable after more than one year29€330k€330k=
Other amounts receivable291€330k€330k=
Amounts receivable within one year40/41€7k€27k▲
Trade receivables40€7k€5k▼
Other amounts receivable41-€22k
Current investments50/53€2k€5k▲
Cash at bank and in hand54/58€8k€11k▲
Deferred charges and accrued income490/1€4k€4k=
Equity and liabilities
Total equity and liabilities10/49€392k€405k▲
Equity10/15€165k€196k▲
Contributions10/11€19k€19k=
Reserves13€160k€160k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€158k€158k=
Profit (loss) carried forward14€-14k€17k▲
Amounts payable17/49€227k€209k▼
Amounts payable after more than one year17€12k€2k▼
Financial debts170/4€12k€2k▼
Amounts payable within one year42/48€214k€207k▼
Financial debts43€11k€10k▼
Credit institutions430/8€11k€10k▼
Taxes, remuneration and social security45€204k€197k▼
Taxes450/3€204k€197k▼
Other amounts payable47/48€190€190=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€14k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€56k€57k▲
Operating profit (loss)9901€46k€41k▼
Financial income75/76B€12-
Recurring financial income75€12-
Financial charges65/66B€321€1k▲
Recurring financial charges65€321€1k▲
Profit (loss) for the period before taxes9903€46k€40k▼
Income taxes67/77€43k€9k▼
Profit (loss) for the period9904€3k€31k▲
Profit (loss) for the period to be appropriated9905€3k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€17k▲
Profit (loss) brought forward from the previous period14P€-17k€-14k▲
Transfer from equity791/2€72k-
Profit to be distributed694/7€72k-
Return on contributions (dividend)694€72k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €29k | €9k | €14k | ▲ 60.9% |
| Other operating charges640/8 | - | €903 | €890 | €2k | €2k | ▲ 11.1% |
| Gross operating margin9900 | €81k | €79k | €62k | €56k | €57k | ▲ 0.8% |
| Operating profit (loss)9901 | €76k | €71k | €33k | €46k | €41k | ▼ 10.7% |
| Financial income75/76B | - | - | - | €12 | - | - |
| Recurring financial income75 | €4k | - | - | €12 | - | - |
| Financial charges65/66B | - | €72 | €469 | €321 | €1k | ▲ 309% |
| Recurring financial charges65 | €72 | €72 | €469 | €321 | €1k | ▲ 309% |
| Profit (loss) for the period before taxes9903 | €80k | €71k | €32k | €46k | €40k | ▼ 13.0% |
| Income taxes67/77 | €23k | €35k | €50k | €43k | €9k | ▼ 78.9% |
| Profit (loss) for the period9904 | €57k | €36k | €-18k | €3k | €31k | ▲ 875% |
| Profit (loss) for the period to be appropriated9905 | €57k | €36k | €-18k | €3k | €31k | ▲ 875% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €497k | €469k | €417k | €392k | €405k | ▲ 3.3% |
| Fixed assets21/28 | €27k | €27k | €49k | €41k | €27k | ▼ 33.7% |
| Tangible fixed assets22/27 | €27k | €27k | €49k | €41k | €27k | ▼ 33.7% |
| Furniture and vehicles24 | - | €27k | €49k | €41k | €27k | ▼ 33.7% |
| Current assets29/58 | €471k | €442k | €368k | €351k | €378k | ▲ 7.6% |
| Amounts receivable after more than one year29 | - | €400k | €350k | €330k | €330k | = |
| Other amounts receivable291 | - | €400k | €350k | €330k | €330k | = |
| Amounts receivable within one year40/41 | €50k | €11k | - | €7k | €27k | ▲ 282% |
| Trade receivables40 | - | - | - | €7k | €5k | ▼ 25.3% |
| Other amounts receivable41 | - | €11k | - | - | €22k | - |
| Current investments50/53 | - | - | - | €2k | €5k | ▲ 208% |
| Cash at bank and in hand54/58 | €17k | €26k | €14k | €8k | €11k | ▲ 33.4% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €4k | €4k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €497k | €469k | €417k | €392k | €405k | ▲ 3.3% |
| Equity10/15 | €394k | €355k | €233k | €165k | €196k | ▲ 18.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €375k | €336k | €232k | €160k | €160k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €334k | €230k | €158k | €158k | = |
| Profit (loss) carried forward14 | €768 | €768 | €-17k | €-14k | €17k | ▲ 223% |
| Amounts payable17/49 | €103k | €114k | €184k | €227k | €209k | ▼ 7.9% |
| Amounts payable after more than one year17 | - | - | €25k | €12k | €2k | ▼ 85.6% |
| Financial debts170/4 | - | - | €25k | €12k | €2k | ▼ 85.6% |
| Amounts payable within one year42/48 | €103k | €114k | €158k | €214k | €207k | ▼ 3.3% |
| Financial debts43 | - | - | €8k | €11k | €10k | ▼ 3.3% |
| Credit institutions430/8 | - | - | €8k | €11k | €10k | ▼ 3.3% |
| Trade debts44 | €25k | €21k | €6k | - | - | - |
| Suppliers440/4 | - | €21k | €6k | - | - | - |
| Taxes, remuneration and social security45 | - | €93k | €145k | €204k | €197k | ▼ 3.3% |
| Taxes450/3 | - | €93k | €145k | €204k | €197k | ▼ 3.3% |
| Other amounts payable47/48 | - | - | - | €190 | €190 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €36k | €-18k | €3k | €31k | ▲ 875% |
| + Depreciation and write-downs630 | €5k | €6k | €29k | €9k | €14k | ▲ 60.9% |
| Operating cash flow (approximation) | €62k | €42k | €11k | €12k | €45k | ▲ 281% |
| Investment in fixed assets (approximation) | - | €-7k | €-51k | €-1 | €0 | ▲ 100% |
| Change in cash | - | €10k | €-12k | €-6k | €3k | ▲ 148% |
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
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 475 days late
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 826 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1151 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 66 days late
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Oostende · 1 establishment unit since 2011
Ground area
165 m²
Building footprint
245 m²
Parcel 35383C0435/00D033, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
FVC Management
since 20112.197.876.280
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0435/00D033 | Flanders | 165 m² | 1 · 245 m² | - |
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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,143 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
fvancappel@gmail.comOostende
Phone
0471604491Oostende
Scores and ratios are computed by Checked and are not a credit decision.