Skip to content

Fvoo

Active Private limited companyfounded 2023active for 3 yearsRue des Ecoles 22, 4632 SoumagneKBO/BCE: BE 0802.302.242

Overview

Lifetime

2 annual accounts with figures on one time axis
peak €48,890 (2024)
€39,598▼ 19.0%
lowest -€84,930 (2025)
-€84,930▼ €85,812
peak €5,882 (2024)
-€79,048▼ €84,930
€239,330▼ 15.8%
Board4 names since 2023
4 directorsBRAGARD Cassandre Wieslawa Josephine and 3 others
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €48,890 to €39,598Loss of €84,930Equity from €5,882 to -€79,048Debts from €284,084 to €239,330Cash from €94,089 to €20,926

Key points

from the 2025 annual accounts

Equity

-€79,048
20242025

Debts exceed assets in financial year 2025.

Result

-€84,930 -€84,930
€8822024-€84,9002025

From profit to loss in 2025, after a profit of €882 in 2024.

Debts

€239,330 149% of the balance sheet
Financial debts 3%Suppliers 49%Taxes and wages 7%Other 42%

Of this, €233,334 falls due within a year.

Liquidity

0.65 was 1.32 in 2024

Short-term debts rose from €208,167 to €233,334.

Board

2 left

Directors left. Latest change 22-05-2026 · 2 in office.

Position in the sector

-€84,930

Lower net result than 95% of companies in wholesale trade. Sector median €5,626 · 13,803 companies.

Checked score

48
Fair
Financially stronger than 7% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 2.8% 01-2025: 1.0%▼ -1.8 percentage points vs 12-2024lowest value 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.1%▲ +0.1 percentage points vs 05-2025 07-2025: 1.0%▼ -0.1 percentage points vs 06-2025 08-2025: 1.0%● unchanged vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.1%▲ +0.1 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 3.0%▲ +1.9 percentage points vs 01-2026 03-2026: 3.0%● unchanged vs 02-2026highest value 04-2026: 3.0%● unchanged vs 03-2026highest value 05-2026: 3.0%● unchanged vs 04-2026highest value 06-2026: 3.0%● unchanged vs 05-2026highest value 07-2026: 3.0%● unchanged vs 06-2026 08-2026: 3.0%● unchanged vs 07-2026 09-2026: 2.9%▼ -0.1 percentage points vs 08-2026 10-2026: 3.0%▲ +0.1 percentage points vs 09-2026 11-2026: 3.0%● unchanged vs 10-2026

Financial strength
Weak

0-27equity -49.3% of total assets
16-36short-term debt 145.6% · cash 13.1%
0-31return on assets -53.0%

Score breakdown

raises risk
Founded in 2023
Negative equity -€79,048
Loss of €84,930 (financial year 2025)
lowers risk
Size: total assets €160,282
Calculation

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).

Comparable companies, two years later

In July 2024, 7,639 companies had the same profile as Fvoo has now. Each dot stands for 20 companies, two years later.

84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

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.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit verdict

No credit on open account

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.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity -€79,048
NBB · annual accounts
raises risk · Loss of €84,930 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €160,282
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€79,048
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 30-01-2026, 1 day ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
1 day early
2024
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Board and ownership

BP
Managing director
BC
Director, since 31-05-2023
  • BRAGARD Peter 40 sharesdeed of 05-06-2023
  • CHERAIN Cédric François Luc Alexis 25 sharesdeed of 05-06-2023
  • MEULENBERG Aurore Audrey Eric Patricia 25 sharesdeed of 05-06-2023
and 1 other shareholderBoard & ownership

Recent changes

Amendment of the articles General meeting of 13-07-2026 · Gazette deed
Resignations: Cédric CHERAIN (director) and Aurore MEULENBERG (director) Director discharge: Cédric CHERAIN · Director discharge: Aurore MEULENBERG · General meeting of 15-04-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802302242
New establishment in Liège Eros Liège, Rue de la Cathédrale 115
All 8 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 01-06-2023Normal situation
Activity
Wholesale tradeNACE 46422and 4 others
Establishment units
2.346.107.4254620 Fléron, since 01-06-2023
2.346.107.7224360 Oreye, since 01-06-2023and 3 others
Financial year end
30 June
Peppol
Reachable since 15-12-2025
Company details

Annual accounts to 30-06-2025

€39,598▼ 19.0%
≈ €210,000estimated
€84,930
-€79,048
€160,282▼ 44.7%
4 FTE
Filing
Filed on 30-01-2026, 1 day before the end of the filing period
Financials

Insights on Fvoo

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.

Financials

Annual accounts 2025

micro format, filed on 30-01-2026, 1 day before the deadline
€39,598
▼ 19.0%
-€77,847
▼ €89,173
-€84,930
▼ €85,812
-€82,188
▼ €149,406
-49.3%
▼ 51.3 percentage points
0.65
▼ 0.68

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.

Balance sheet

balance sheet total €160,282 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-49.3%

Higher than 11% of 13,797 companies in 2025.

0.65

Higher than 17% of 13,178 companies in 2025.

-53.0%

Lower than 95% of 13,357 companies in 2025.

Fvoo Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

€24,706

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 160,282289,966
21/28 9,13614,581
22/27 9,13614,581
23 2,8603,857
24 6,27610,724
29/58 151,146275,385
3 101,243166,743
30/36 101,243166,743
40/41 28,97612,403
40 28,9697,745
41 74,658
54/58 20,92694,089
490/1 -2,150
Balance sheet: equity and liabilities
10/49 160,282289,966
10/15 -79,0485,882
10/11 5,0005,000
14 -84,048882
17/49 239,330284,084
17 5,99675,916
170/4 5,99675,916
42/48 233,334208,167
42 69,92166,311
44 116,540131,498
440/4 116,540131,498
45 16,00110,359
450/3 1,6391,014
454/9 14,3639,345
47/48 30,871-
Income statement
9900 39,59848,890
62 98,82434,395
630 5,4452,749
640/8 13,176420
9901 -77,84711,326
75/76B 2-
75 2-
65/66B 7,08510,298
65 7,08510,298
9903 -84,9301,028
67/77 -145
9904 -84,930882
9905 -84,930882
Appropriation of the result
9906 -84,048882
14P 882-
Social balance sheet
9087 4-
Hours worked1013 3,382-
Document PDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 30-01-2026 2026-00022835 PDF
30-06-2024 micro format 30-12-2024 2024-00628398 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
-72,40314,075
-79,4853,632
017,330
-73,162-
-82,18867,218
-49.3%2.0%
0.651.32
0.210.52
-48.29
-15.0%
-53.0%0.3%
-10.221.37

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.

Social balance sheet

Item30-06-2025
4

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item30-06-202530-06-2024
Tangible fixed assets-€17,330
€5,445€2,749

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on Fvoo

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).

Board & ownership

Board

2 directors, 1 in day-to-day management, no change since May 2026
Director (not named in the articles)
since 31-05-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 30-01-2026
Director (not named in the articles) and managing director
director (not named in the articles) since 31-05-2023 managing director appointed by deed of 05-06-2023
listed in the 2025 annual accounts, filed on 30-01-2026
BRAGARD Peter

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
BRAGARD Cassandre Wieslawa Josephine
Director (not named in the articles)
BRAGARD Peter
Director (not named in the articles), Managing director
CHERAIN Cédric François Luc Alexis
Director (not named in the articles)
MEULENBERG Aurore Audrey Eric Patricia
Director (not named in the articles)
LeadershipBoardEarlier
Mandates as a list
  • BRAGARD Cassandre Wieslawa Josephine
    • Director (not named in the articles), from 31-05-2023 to date
  • BRAGARD Peter
    • Director (not named in the articles), from 31-05-2023 to date
    • Managing director, appointed by deed of 05-06-2023, still in office
  • CHERAIN Cédric François Luc Alexis
    • Director (not named in the articles), from 31-05-2023 to 22-05-2026
  • MEULENBERG Aurore Audrey Eric Patricia
    • Director (not named in the articles), from 31-05-2023 to 22-05-2026

See the board, name and registered office on a given date →

Control

This company
Fvoo
Equity -€79,048
Loss €84,930 in 2025

Capital

Contribution
€5,000
Shares
100
Contribution per share
€50
Equity per share
-€790 in 2025
Source
deed of 05-06-2023

Articles of association

deed of 22-07-2026 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Propose par cedant de commun accord, moitie par actionnaire”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of December at 18:00

Shareholders

At incorporation deed of 05-06-2023 ↗

Capital transactions

Capital over time
  1. 22-07-2026 Capital stated in the deed · 100 shares
  2. 05-06-2023 Incorporation · €5,000 · 100 shares

Network & group

No group

Fvoo has no parent and no holdings in its annual accounts.

Earlier ties

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

Connections & network

4 connected companies
Linked via shared directors
ISISHOP INDIA
via Peter Bragard · Director · deed of 19-09-2024
Founded in 2015 · total assets €358,691 (2025) · negative equity
→
AGENCE LOCALE POUR L'EMPLOI DE SOUMAGNE
via Peter Bragard · Director · deed of 06-10-2025
Founded in 1994 · 24 FTE (2025)
→
Consult&Fin
via Peter Bragard · Director (not named in the articles) · deed of 26-08-2022
Founded in 2022 · total assets €8,850 (2025)
→
DAD
via Peter Bragard · Manager (not named in the articles) · deed of 05-02-2024
Founded in 1996
→

Timeline

Timeline

8 events since 2023

Deadline for the 2026 accounts: 31-01-2027

2026
Amendment of the articlesGeneral meeting of 13-07-20262 points ▸
  • General meeting, 13-07-2026
  • 100 shares
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Resignations: Cédric CHERAIN (director) and Aurore MEULENBERG (director)Director discharge: Cédric CHERAIN · Director discharge: Aurore MEULENBERG · General meeting of 15-04-20265 points ▸
  • General meeting, 15-04-2026
  • Director resignation, Cédric CHERAIN
  • Director resignation, Aurore MEULENBERG
  • Director discharge, Cédric CHERAIN
  • Director discharge, Aurore MEULENBERG

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802302242
2024
Annual accounts 2024 filed PDFmicro format · 32 days before the deadline
New establishment in Liège Eros Liège, Rue de la Cathédrale 115
2023
IncorporationFounding capital of €5,000, 100 shares · Founders: BRAGARD Peter, CHERAIN Cédric François Luc Alexis, MEULENBERG Aurore Audrey Eric Patricia and 1 other · Appointments: BRAGARD Cassandre Wieslawa Josephine, MEULENBERG Aurore Audrey Eric Patricia, CHERAIN Cédric François Luc Alexis and BRAGARD Peter · published on 05-06-202312 points ▸

Open the deed in the Belgian Official Gazette

4 establishments registered Fléron, Oreye, Verviers and Oupeye

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Fvoo was incorporated on 1 June 2023 as a private limited company by four natural persons, with a starting capital of €5,000.12 The board currently has 2 members, 2 of whom have served since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 05-06-2023
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2025

Company details

Identity

Enterprise number
0802.302.242
VAT number
BE 0802.302.242
Peppol ID
0208:0802302242
Other Peppol ID
9925:BE0802302242
Legal form
Private limited company
Status
Active, normal situation
Founded
01-06-2023
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of December at 18:00
deed of 22-07-2026 (in French)
Peppol
Reachable since 15-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Fvoo in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-07-2026 (in French)

Activities

NACEBEL 2025
VAT activities
46422 Wholesale trade main activity
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
46422 Wholesale trade main activity
46423 Wholesale of clothing, excluding workwear and underwear
47714 Retail trade
47716 Retail trade
47910 Retail trade
Social security (RSZ) activities
47716 Retail trade main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'achat, la vente de vêtements, chaussures et accessoires pour dames, hommes et enfants; L’ouverture et l’exploitation de boutiques de…”
11 activities
  1. L'achat, la vente de vêtements, chaussures et accessoires pour dames, hommes et enfants ;
  2. L’ouverture et l’exploitation de boutiques de prêt-à-porter ;
  3. La vente de marchandises par internet ;
  4. L’activité d’agence de publicité ;
  5. La vente de produits publicitaires ;
  6. La création, fabrication et vente de produits cosmétiques ;
  7. L’organisation d’événements ;
  8. L’import-export dans les domaines précités ;
  9. La détention, la location, la vente de droits intellectuels tels que brevets, marques.
  10. L’aide à la négociation de contrats, l’agence commerciale, la franchise ;
  11. La prestation de services administratifs.
deed of 22-07-2026 (in French)

Registered office and establishments

5 establishments
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

Buildings and parcels at the addresses

Ground area
9,051 m²
Buildings
1,696 m²
Volume, LiDAR
12,626 m³
Tallest building
19.4 m
Buildings to scale, each on its own parcel
634 m², 8.3 m 563 m², 9.6 m 165 m², 10.2 m 153 m², 17.2 m 105 m², 19.4 m 75 m², 10.1 m 634 m², 8.3 m 563 m², 9.6 m 165 m², 10.2 m

Location

registered office establishment All 5 establishment units on the map

Parcels

Cadastral parcelArea Buildings Height / floors
64056B0779/00B0005,746 m² 1 · 563 m² 9.6 m · 2
62109B0491/00H0001,404 m² 1 · 634 m² 8.3 m · 2
62038A0414/00N000717 m² 1 · 75 m² 10.1 m · 3
62021D0106/00R000689 m² 1 · 165 m² 10.2 m · 3
63079A1414/00H007299 m² 1 · 153 m² 17.2 m · 5
62063A0968/00F000196 m² 1 · 105 m² 19.4 m · 6