Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €882 in 2024.
Of this, €233,334 falls due within a year.
Short-term debts rose from €208,167 to €233,334.
Directors left. Latest change 22-05-2026 · 2 in office.
Lower net result than 95% of companies in wholesale trade. Sector median €5,626 · 13,803 companies.
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 16% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,639 companies had the same profile as Fvoo has now. Each dot stands for 20 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Fvoo itself: 3.0% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Fvoo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.65 (1.32 in 2024), below 1. Short-term debt is 145.6% and cash 13.1% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 17 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Fvoo Soumagne | €160,282 | €39,598 | -49.3% | - |
| C2Workx Lokeren | €155,813 | €48,614 | 37.0% | - |
| Deuxpourdeux Wichelen | €130,617 | €54,374 | 83.9% | - |
| CLOTHES & CO BY ALY Mettet | €116,744 | €49,808 | 76.5% | - |
| Studio Noble Sint-Gillis-Waas | €126,106 | €43,213 | 36.1% | - |
| Cyanda Mechelen | €223,260 | €31,969 | 57.2% | - |
| TRADI Halle | €162,558 | €74,081 | 53.5% | - |
These companies have their main activity in the same NACE class as Fvoo: wholesale trade (NACE 4642). With exactly the same main activity (NACE 46422), too few companies are of comparable size. They are comparable in size and age: total assets between €117,000 and €223,000, founded between 2022 and 2023.
The computed 12-month bankruptcy probability of Fvoo is 3.0% (moderate). The 2025 annual accounts show negative equity (-€79,048) and a net result of -€84,930.
Its solvency ranks better than 11% of 13,797 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €130,000 and €420,000.
Higher than 11% of 13,797 companies in 2025.
Higher than 17% of 13,178 companies in 2025.
Lower than 95% of 13,357 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
160,282 | 289,966 | |
21/28 |
9,136 | 14,581 | |
22/27 |
9,136 | 14,581 | |
23 |
2,860 | 3,857 | |
24 |
6,276 | 10,724 | |
29/58 |
151,146 | 275,385 | |
3 |
101,243 | 166,743 | |
30/36 |
101,243 | 166,743 | |
40/41 |
28,976 | 12,403 | |
40 |
28,969 | 7,745 | |
41 |
7 | 4,658 | |
54/58 |
20,926 | 94,089 | |
490/1 |
- | 2,150 | |
| Balance sheet: equity and liabilities | |||
10/49 |
160,282 | 289,966 | |
10/15 |
-79,048 | 5,882 | |
10/11 |
5,000 | 5,000 | |
14 |
-84,048 | 882 | |
17/49 |
239,330 | 284,084 | |
17 |
5,996 | 75,916 | |
170/4 |
5,996 | 75,916 | |
42/48 |
233,334 | 208,167 | |
42 |
69,921 | 66,311 | |
44 |
116,540 | 131,498 | |
440/4 |
116,540 | 131,498 | |
45 |
16,001 | 10,359 | |
450/3 |
1,639 | 1,014 | |
454/9 |
14,363 | 9,345 | |
47/48 |
30,871 | - | |
| Income statement | |||
9900 |
39,598 | 48,890 | |
62 |
98,824 | 34,395 | |
630 |
5,445 | 2,749 | |
640/8 |
13,176 | 420 | |
9901 |
-77,847 | 11,326 | |
75/76B |
2 | - | |
75 |
2 | - | |
65/66B |
7,085 | 10,298 | |
65 |
7,085 | 10,298 | |
9903 |
-84,930 | 1,028 | |
67/77 |
- | 145 | |
9904 |
-84,930 | 882 | |
9905 |
-84,930 | 882 | |
| Appropriation of the result | |||
9906 |
-84,048 | 882 | |
14P |
882 | - | |
| Social balance sheet | |||
9087 |
4 | - | |
Hours worked1013 |
3,382 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -72,403 | 14,075 | ||
| -79,485 | 3,632 | ||
| 0 | 17,330 | ||
| -73,162 | - | ||
| -82,188 | 67,218 | ||
| -49.3% | 2.0% | ||
| 0.65 | 1.32 | ||
| 0.21 | 0.52 | ||
| - | 48.29 | ||
| - | 15.0% | ||
| -53.0% | 0.3% | ||
| -10.22 | 1.37 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 |
|---|---|
| 4 |
Source: social balance sheet in the 2025 annual accounts
| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Tangible fixed assets | - | €17,330 |
| €5,445 | €2,749 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €77,847, after a profit of €11,326 in 2024.
Equity is negative. Debt (€239,330) exceeds the balance-sheet total (€160,282).
Fvoo has no parent and no holdings in its annual accounts.
| E.N.C. 2.0 via CHERAIN Cédric François Luc Alexis (at Fvoo until 2026) and MEULENBERG Aurore Audrey Eric Patricia (at Fvoo until 2026) · Director (not named in the articles) · deed of 14-06-2021 founded in 2021 · negative equity (2025) |
total assets €131,017 (2025) |
| CHE SYSTEMS via CHERAIN Cédric François Luc Alexis (at Fvoo until 2026) and MEULENBERG Aurore Audrey Eric Patricia (at Fvoo until 2026) · Director (not named in the articles) · deed of 11-12-2020 founded in 2016 |
5.2 FTE (2025) |
| ARDENT CHÂSSIS via CHERAIN Cédric François Luc Alexis, at Fvoo until 2026 · Director (not named in the articles) · deed of 12-09-2024 founded in 2023 |
total assets €77,174 (2025) |
| Initiative Citoyenne Innovante Soumagne via Peter Bragard, no longer at Initiative Citoyenne Innovante Soumagne · Director |
founded in 2017 |
Deadline for the 2026 accounts: 31-01-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue des Ecoles 22 registered office 4632 Soumagne | ||
| Eros Fléron Avenue des Martyrs 275, 4620 Fléron | 01-06-2023 | 2.346.107.425 |
| Eros Oreye Grand'Route 120, 4360 Oreye | 01-06-2023 | 2.346.107.722 |
| Eros Verviers Rue de l' Harmonie 7, 4800 Verviers | 01-06-2023 | 2.346.108.019 |
| Eros Herstal Rue Pierre Michaux 61, 4683 Oupeye | 01-06-2023 | 2.346.108.217 |
| Eros Liège Rue de la Cathédrale 115, 4000 Liège | 05-01-2024 | 2.353.787.845 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 64056B0779/00B000 | 5,746 m² | 1 · 563 m² | 9.6 m · 2 |
| 62109B0491/00H000 | 1,404 m² | 1 · 634 m² | 8.3 m · 2 |
| 62038A0414/00N000 | 717 m² | 1 · 75 m² | 10.1 m · 3 |
| 62021D0106/00R000 | 689 m² | 1 · 165 m² | 10.2 m · 3 |
| 63079A1414/00H007 | 299 m² | 1 · 153 m² | 17.2 m · 5 |
| 62063A0968/00F000 | 196 m² | 1 · 105 m² | 19.4 m · 6 |
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