FVL
ActiveFVL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.57M and a net result of €379k. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 3253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-26
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 6.4 against 12.3 in 2024), and 27.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.6%
Return on assets
10.7%
Age of the figures
8 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
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
9 d early
2022
7 d early
2021
30 d early
2020
9 d early
2019
1 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.57M▲ 17.3%
2024 · €2.19M
2018: €355k
2019: €504k
2020: €686k
2021: €849k
2022: €1.06M
2023: €1.34M
2024: €2.19M
2018 → 2025
Total assets
€3.54M▲ 44.3%
2024 · €2.45M
2018: €461k
2019: €766k
2020: €1.05M
2021: €1.16M
2022: €1.32M
2023: €1.67M
2024: €2.45M
2018 → 2025
Net result
€379k▼ 60.3%
2024 · €957k
2018: €117k
2019: €149k
2020: €181k
2021: €163k
2022: €208k
2023: €348k
2024: €957k
2018 → 2025
Working capital
€1.67M▼ 4.6%
2024 · €1.75M
2018: €325k
2019: €454k
2020: €443k
2021: €477k
2022: €641k
2023: €802k
2024: €1.75M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€849k-€1.06M▲ 24.5%€1.34M▲ 27.1%€2.19M▲ 62.9%€2.57M▲ 17.3%
Operating result€231k-€303k▲ 31.4%€504k▲ 66.4%€707k▲ 40.3%€511k▼ 27.7%
Net result€163k-€208k▲ 27.3%€348k▲ 67.5%€957k▲ 175%€379k▼ 60.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.54M
Fixed assets
€1.56M▲ 184%
Current assets
€1.97M▲ 3.9%
Equity and liabilities €3.54M
Equity
€2.57M▲ 17.3%
Debt
€970k▲ 268%
The debt ratio rises from 10.7% to 27.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€569k▼
2024 · €748k
Cash flow
€437k▼
2024 · €997k
Solvency
72.6%▼
2024 · 89.3%
Current ratio
6.40▼
2024 · 12.30
Quick ratio
6.40▼
2024 · 12.30
Debt / equity
0.38▲
2024 · 0.12
ROE
14.8%▼
2024 · 43.7%
ROA
10.7%▼
2024 · 39.0%
Interest coverage
38.59▼
2024 · 428.14
Debt
€970k▲
2024 · €263k
Debt ≤ 1 year
€309k▲
2024 · €154k
Debt > 1 year
€662k▲
2024 · €109k
Income taxes
€179k▼
2024 · €223k
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€2.45M€3.54M▲
Fixed assets21/28€551k€1.56M▲
Tangible fixed assets22/27€551k€527k▼
Land and buildings22€411k€417k▲
Plant, machinery and equipment23€38k€29k▼
Furniture and vehicles24€98k€78k▼
Other tangible fixed assets26€3k€3k=
Financial fixed assets28€0€1.04M▲
Current assets29/58€1.90M€1.97M▲
Amounts receivable after more than one year29€875k€969k▲
Other amounts receivable291€875k€969k▲
Amounts receivable within one year40/41€267k€465k▲
Trade receivables40€125k€448k▲
Other amounts receivable41€143k€17k▼
Current investments50/53€352k€369k▲
Cash at bank and in hand54/58€403k€170k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.45M€3.54M▲
Equity10/15€2.19M€2.57M▲
Contributions10/11€6k€6k=
Reserves13€2.18M€2.56M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2.18M€2.56M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€263k€970k▲
Amounts payable after more than one year17€109k€662k▲
Financial debts170/4€109k€662k▲
Amounts payable within one year42/48€154k€309k▲
Current portion of amounts payable after more than one year42€25k€83k▲
Trade debts44€267€2k▲
Suppliers440/4€267€2k▲
Taxes, remuneration and social security45€129k€218k▲
Taxes450/3€125k€214k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€0€6k▲
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€58k▲
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€752k€572k▼
Operating profit (loss)9901€707k€511k▼
Financial income75/76B€474k€62k▼
Recurring financial income75€19k€62k▲
Non-recurring financial income76B€456k€0▼
Financial charges65/66B€2k€15k▲
Recurring financial charges65€2k€15k▲
Profit (loss) for the period before taxes9903€1.18M€558k▼
Income taxes67/77€223k€179k▼
Profit (loss) for the period9904€957k€379k▼
Profit (loss) for the period to be appropriated9905€957k€379k▼
Appropriation of the result
Profit (loss) to be appropriated9906€957k€379k▼
Transfer from equity791/2€112k€0▼
Transfer to equity691/2€957k€379k▼
To other reserves6921€957k€379k▼
Profit to be distributed694/7€112k€0▼
Return on contributions (dividend)694€112k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (23 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €957k ▲175%
Operating result €707k, net result €957k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 12.30
Current ratio from 4.02 to 12.30; short-term debt falls from €266k to €154k.
31-12
Financial
Equity above €2MEq €2.19M ▲62.9%
7 profitable years in a row build equity to €2.19M.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.06M ▲24.5%
5 profitable years in a row build equity to €1.06M.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €504k ▲42.1%
2 profitable years in a row build equity to €504k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zedelgem · 1 establishment unit since 2011
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.
Costersveld 198210 ZedelgemGround area
4,922 m²
Building footprint
403 m²
Volume, LiDAR
2,870 m³
Parcel 31017E0432/00R000, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Costersveld 19, 8210 Zedelgem
since 20112.203.594.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017E0432/00R000 | Flanders | 4,922 m² | 1 · 403 m² | 11.9 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.
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STIJN DE PRINS
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ACFIBOTA
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,600. 2,548 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2011
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.