FVZ
ActiveSummary
The annual accounts of FVZ for fiscal year 2025 show a net loss of 91% of the equity at the start of that year. The 2025 annual accounts show equity of €1,522 and a net result of -€15,842. Equity is shrinking by ~47.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 1007 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+1
Solvency25▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.29 against 0.4 in 2024; short-term debt: 7.2% and cash: 1.5% of total assets), and 99.8% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
0.2%
Return on assets
-1.9%
Age of the figures
16 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€15,842
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1007 sector peers (2025).
NBB · sector comparisonPosition among 1007 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 27-03-2026, 86 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
86 d late
2024
11 d early
2023
12 d early
2022
13 d late
2021
21 d late
2020
14 d early
2019
17 d late
← 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 14 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close27-09-2026 today31-12-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,842▲ 35.3%
2024 · -€24,489
Working capital
-€43,451▼ 17.6%
2024 · -€36,941
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€104,987▲ 51.6%€90,160▼ 14.1%€35,884▼ 60.2%-€19,960-€10,781▲ 46.0%
Net result€77,427▲ 63.5%€66,832▼ 13.7%€21,373▼ 68.0%-€24,489-€15,842▲ 35.3%
Equity€198,149▲ 64.1%€20,481▼ 89.7%€41,854▲ 104%€17,364▼ 58.5%€1,522▼ 91.2%
Total assets€1.1m▲ 4.8%€1.1m▲ 1.2%€997,450▼ 9.0%€861,788▼ 13.6%€853,708▼ 0.9%
Debt€884,215▼ 3.1%€1.1m▲ 21.6%€955,596▼ 11.1%€844,423▼ 11.6%€852,186▲ 0.9%
Working capital€123,736▲ 100.0%-€53,842-€26,153▲ 51.4%-€36,941▼ 41.2%-€43,451▼ 17.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,781 in 2025 against €19,960 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €853,708
Fixed assets
€835,617 ▼ 0.1%
Current assets
€18,091 ▼ 27.6%
Equity and liabilities €853,708
Equity
€1,522 ▼ 91.2%
Debt
€852,186 ▲ 0.9%
Debt's share of the balance-sheet total rises from 98.0% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,613▲
2024 · -€18,802
Cash flow
-€14,674▲
2024 · -€23,332
Current ratio
0.29▼
2024 · 0.40
ROA
-1.9%▲
2024 · -2.8%
Interest coverage
-1.97▲
2024 · -3.01
Debt ≤ 1 year
€61,542▼
2024 · €61,944
Debt > 1 year
€790,644▲
2024 · €782,322
Income taxes
€176▲
2024 · -€1,712
A ratio outside any meaningful range has been withheld (balance sheet total €853,708, equity €1,522).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,634 | €1,898 | €851 | €1,158 | €1,168 | ▲ 0.9% |
| Other operating charges640/8 | - | - | €880 | €960 | €1,006 | ▲ 4.7% |
| Gross operating margin9900 | €107,621 | €92,057 | €37,616 | -€17,842 | -€8,607 | ▲ 51.8% |
| Operating profit (loss)9901 | €104,987 | €90,160 | €35,884 | -€19,960 | -€10,781 | ▲ 46.0% |
| Financial income75/76B | - | €1,680 | €80 | €11 | - | - |
| Recurring financial income75 | €484 | €1,680 | €80 | €11 | - | - |
| Financial charges65/66B | - | €6,547 | €5,684 | €6,253 | €4,885 | ▼ 21.9% |
| Recurring financial charges65 | €6,796 | €6,547 | €5,684 | €6,253 | €4,885 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €98,675 | €85,292 | €30,280 | -€26,201 | -€15,666 | ▲ 40.2% |
| Income taxes67/77 | €21,248 | €18,460 | €8,907 | -€1,712 | €176 | ▲ 110% |
| Profit (loss) for the period9904 | €77,427 | €66,832 | €21,373 | -€24,489 | -€15,842 | ▲ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €77,427 | €66,832 | €21,373 | -€24,489 | -€15,842 | ▲ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €997,450 | €861,788 | €853,708 | ▼ 0.9% |
| Fixed assets21/28 | €890,687 | €850,789 | €837,190 | €836,785 | €835,617 | ▼ 0.1% |
| Tangible fixed assets22/27 | €2,095 | €197 | €2,098 | €1,693 | €525 | ▼ 69.0% |
| Furniture and vehicles24 | - | €197 | €2,098 | €1,693 | €525 | ▼ 69.0% |
| Financial fixed assets28 | €888,592 | €850,592 | €835,092 | €835,092 | €835,092 | = |
| Current assets29/58 | €191,677 | €244,770 | €160,260 | €25,003 | €18,091 | ▼ 27.6% |
| Amounts receivable within one year40/41 | €146,672 | €156,757 | €101,925 | €18,112 | €5,405 | ▼ 70.2% |
| Trade receivables40 | - | €28,638 | - | €8,409 | - | - |
| Other amounts receivable41 | - | €128,119 | €101,925 | €9,703 | €5,405 | ▼ 44.3% |
| Cash at bank and in hand54/58 | €44,520 | €85,430 | €57,405 | €6,891 | €12,687 | ▲ 84.1% |
| Deferred charges and accrued income490/1 | - | €2,583 | €930 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €997,450 | €861,788 | €853,708 | ▼ 0.9% |
| Equity10/15 | €198,149 | €20,481 | €41,854 | €17,364 | €1,522 | ▼ 91.2% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €177,744 | €76 | €21,449 | -€3,041 | -€18,883 | ▼ 521% |
| Amounts payable17/49 | €884,215 | €1.1m | €955,596 | €844,423 | €852,186 | ▲ 0.9% |
| Amounts payable after more than one year17 | €815,734 | €775,985 | €769,183 | €782,322 | €790,644 | ▲ 1.1% |
| Financial debts170/4 | - | €375,985 | €335,683 | €294,822 | €253,394 | ▼ 14.1% |
| Other amounts payable178/9 | - | €400,000 | €433,500 | €487,500 | €537,250 | ▲ 10.2% |
| Amounts payable within one year42/48 | €67,941 | €298,612 | €186,413 | €61,944 | €61,542 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | - | €43,037 | €52,284 | €44,241 | €44,855 | ▲ 1.4% |
| Financial debts43 | - | €1,332 | €53,518 | - | - | - |
| Credit institutions430/8 | - | €1,332 | €53,518 | - | - | - |
| Trade debts44 | €2,143 | €1,284 | €1,469 | €794 | €3,611 | ▲ 355% |
| Suppliers440/4 | - | €1,284 | €1,469 | €794 | €3,611 | ▲ 355% |
| Taxes, remuneration and social security45 | - | €8,460 | €22,700 | €134 | €176 | ▲ 31.8% |
| Taxes450/3 | - | €8,460 | €22,700 | €134 | €176 | ▲ 31.8% |
| Other amounts payable47/48 | - | €244,500 | €56,442 | €16,775 | €12,900 | ▼ 23.1% |
| Accrued charges and deferred income492/3 | - | €482 | - | €157 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,427 | €66,832 | €21,373 | -€24,489 | -€15,842 | ▲ 35.3% |
| + Depreciation and write-downs630 | €2,634 | €1,898 | €851 | €1,158 | €1,168 | ▲ 0.9% |
| Operating cash flow (approximation) | €80,061 | €68,730 | €22,224 | -€23,332 | -€14,674 | ▲ 37.1% |
| Investment in fixed assets (approximation) | - | €38,000 | €12,749 | -€752 | €0 | ▲ 100% |
| Change in cash | - | €40,910 | -€28,025 | -€50,515 | €5,796 | ▲ 111% |
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
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 86 days late
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-05
Financial
Weakest financial yearnet -€24,489
Net result drops to -€24,489, the lowest in the series; recovery starts the following year.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 13 days late
2022
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
31-05
Financial
Highest result since 2019net €77,427 ▲63.5%
Operating result €104,987, net result €77,427, both a record.
31-05
Financial
Equity above €150,000Eq €198,149 ▲64.1%
3 profitable years in a row build equity to €198,149.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-05
Financial
Liquidity times 5current ratio 1.89
Current ratio from 0.36 to 1.89; short-term debt falls from €469,887 to €69,640.
31-05
Financial
Equity above €100,000Eq €120,722 ▲64.5%
2 profitable years in a row build equity to €120,722.
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2018
Ground area
461 m²
Building footprint
119 m²
Volume, LiDAR
1,548 m³
Parcel 21013B0050/00D006, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
von ZWEHL & Associates
since 20182.277.461.416
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0050/00D006 | Brussels | 461 m² | 1 · 119 m² | 18.2 m · 5 fl. |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-05-2025 list no shareholders, and no other source names one.
Holdings 1
- NEWTON DESIGNsubsidiaryEquity €402,673Result €21,697100%
According to the annual accounts to 31-05-2025 of FVZ and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 1,184 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
Founded21-06-2018
Fiscal year end31-05
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.