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Checked.be
Complete company report
Generated 11-08-2026
Active BE 0632.685.864Private limited company

F&S

· 11 yrs active
Conclusion Checked

The KBO register records legal situation 050 for F&S (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €9k and a net result of €-4k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €9k
Net result €-4k
Active 11 yrs
Board 2
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health37Profitability0Solvency100Growth78Stability0
43 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 37
Profitability 0
Solvency 100
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
20 / 100
Moderate riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 2 historical bankruptcy publications (+20)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
37 / 100 Weak
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview8 NBB filings
Annual accounts filed on 19-08-2024 with the NBB · fiscal year 2023 · micro
€-10k€0€10kOperating result 2019: €8k€8kNet result 2019: €-9k€-9kOperating result 2020: €11k€11kNet result 2020: €631€631Operating result 2021: €14k€14kNet result 2021: €9k€9kOperating result 2022: €1k€1kNet result 2022: €-113€-113Operating result 2023: €-3k€-3kNet result 2023: €-4k€-4k20192020202120222023
Operating resultNet result
EBITDA
€1k
-92.0% 18-23
Net profit
€-4k
-3231.4% 18-23
Cash flow
€72
-99.3% 18-23
Total assets
€9k
-68.8% 18-23
Equity
€9k
-66.6% 18-23
Working capital
€28k
+16.6% 18-23
Income taxes
€1k
-69.6% 18-23
Debt
€2k
-76.6% 18-23
Debt ≤ 1y
€2k
-75.2% 18-23
Current ratio
14.97
+277.5% 18-23
Quick ratio
14.97
+277.5% 18-23
Solvency
100.0%
+7.0% 18-23
Debt / equity
0.07
-76.5% 18-23
ROE
-40.2%
-9888.4% 18-23
ROA
-40.2%
-10590.7% 18-23
Interest coverage
3.98
-89.7% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA-
Net profit€-4k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€9k
Equity€9k
Debt-
of which ≤ 1y-
of which > 1y-
Working capital-
Employees (FTE)-
Ratios (computed)
2023
Current ratio-
Quick ratio-
Working capital ratio-
Solvency100.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-40.2%
ROE-40.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€9k
Fixed assets 21/28€90
Financial fixed assets 28€90
Current assets 29/58€9k
Amounts receivable within one year 40/41€269
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€9k
Equity 10/15€9k
Contributions / capital 10/11€4k
Reserves 13€10k
Accumulated profits (losses) 14€-4k
Income statement
Gross operating margin 9900€-2k
Operating result 9901€-3k
Financial income 75€3
Financial charges 65€307
Result before taxes 9903€-4k
Net result for the period 9904€-4k
Result to be appropriated 9905€-4k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • YAKUT METIN
    Director
    State Gazette act 25003523 (08-01-2025)
    Current
    01-10-2024 → present
  • HRISTOVA BORISLAVA BORISLAVOVA
    Manager
    State Gazette act 24068668 (30-04-2024)
    Current
    15-04-2024 → present
Former directors (2)
  • ARNAUDOV SVILEN
    Director
    State Gazette act 25003523 (08-01-2025)
    Former
    - → 08-01-2025
  • SAVI FETHULLAH
    Manager
    State Gazette act 24068668 (30-04-2024)
    Former
    - → 30-04-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator KARL VANSTIPELEN
A. DE COCKPLEIN 9, 1831 DIEGEM
 22-07-2025 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation23-06-2015
StatusActive
Postal code-
First BS signal 28-07-2025
Latest BS signal 26-05-2026
Company structure, linked entities1 linked entities
F&SBE 0632.685.864KARL VANSTIPELENReceiver ↔ 245Safety & Spray Te…Tuinwerken Vanfro…DOLO COMPANY
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22001B0038/00K000 Flanders 7,925 m² 1 · 4,905 m² 12.9 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
26-05-2026
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · F&S BV STEENWEG OP RUISBROEK 257, 1620 DROGENBOS · event 05-05-2026
2025
28-07-2025
Bankruptcy Opening
Ondernemingsrechtbank Brussel · F&S BV STEENWEG OP RUIS- BROEK 257, 1620 DROGENBOS · event 22-07-2025
08-01-2025
State Gazette act Capital & shares
2024
06-11-2024
State Gazette act Registered-office change
19-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
30-04-2024
State Gazette act Director changes
2023
26-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
25-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
26-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
08-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
09-12-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
06-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
12-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Lifecycle & Insolvency Signals 2 events
26-05-2026
Bankruptcy Bankruptcy closure (insufficient assets)
Date: 05-05-2026 · Ondernemingsrechtbank Brussel · F&S BV STEENWEG OP RUISBROEK 257, 1620 DROGENBOS · Publications in State Gazette ↗
28-07-2025
Bankruptcy Opening
Date: 22-07-2025 · Ondernemingsrechtbank Brussel · F&S BV STEENWEG OP RUIS- BROEK 257, 1620 DROGENBOS · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-07-28 · Bankruptcy · Opening2026-05-26 · Bankruptcy · Bankruptcy closure (insufficient assets)
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 3 acts
Capital history · 1
08-01-2025
Capital change
Address history · 1
06-11-2024
Registered-office move
All acts · 3 updated 1 year ago
2025
08-01-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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      "after_eur": null,
      "delta_eur": null,
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      "subscribers": [
        {
          "kbo": null,
          "rrn": "68.01.01.34.25",
          "kind": "person",
          "name": "YAKUT METIN",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
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      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "eenhoofdigheid_declaration",
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      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-01-08",
    "filing_date": "2024-12-27",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": null,
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-10-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0632.685.864",
    "name_full": "F\u0026S",
    "legal_form": "Besloten vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "YAKUT METIN",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2024
06-11-2024 Registered office moved to Drogenbos Registered-office change
  • 257 → Chaussée de Ruisbroek 257, 1620 Drogenbos
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Chauss\u00E9e de Ruisbroek 257, 1620 Drogenbos",
        "city": "Drogenbos",
        "region": "vlaams_gewest",
        "street": "Chauss\u00E9e de Ruisbroek",
        "country": "BE",
        "postcode": "1620",
        "box_number": null,
        "street_number": "257",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "257",
        "city": null,
        "region": null,
        "street": null,
        "country": "BE",
        "postcode": null,
        "box_number": null,
        "street_number": "257",
        "locality_suffix": null
      },
      "effective_date": "2024-07-01",
      "evidence_quote": "",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "act_body",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-10-25",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2024-07-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0632.685.864",
    "name_full": "F\u0026S",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Svilen Arnaudov",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "Annexes du Moniteur belge"
  ]
}
30-04-2024 1 director appointed, 1 resigning Director changes
  • HRISTOVA BORISLAVA BORISLAVOVA, Zaakvoerder
  • SAVI FETHULLAH, Zaakvoerder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": "91.06.04-287.91",
        "name": "SAVI FETHULLAH",
        "address": "GUIDO GEZELLESTRAAT 17, 9090 - MELLE",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "decharge_granted",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Het ontslag van de huidige zaakvoerder/bestuurder SAVI FETHULLAH met de rijkregisternummer 91.06.04-287.91 wonende te GUIDO GEZELLESTRAAT 17, 9090 - MELLE en werd hem decharge verleend voor zijn volledige mandaat als zaakvoerder.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "zaakvoerder",
      "person": {
        "rrn": "78.07.30-396.03",
        "name": "HRISTOVA BORISLAVA BORISLAVOVA",
        "address": "GRIENDEPLEIN 4,9000-GENT",
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      "reason": null,
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      "statutory": "statutair",
      "compensated": null,
      "effective_date": "2024-04-15",
      "evidence_quote": "Benoeming van mevrouw HRISTOVA BORISLAVA BORISLAVOVA met de rijkregisternummer 78.07.30-396.03, wonende te GRIENDEPLEIN 4,9000-GENT en dit vanaf 15/04/2024.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_date",
        "value": "2024-04-15"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "decharge_granted",
      "role": "zaakvoerder",
      "person": {
        "rrn": "91.06.04-287.91",
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "werd hem decharge verleend voor zijn volledige mandaat als zaakvoerder.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "rep_rotation",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": "78.07.30-396.03",
        "name": "HRISTOVA BORISLAVA BORISLAVOVA",
        "address": "GRIENDEPLEIN 4,9000-GENT",
        "birth_date": null,
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De 100% aandelen worden ook overgedragen aan de nieuwe zaakvoerder/bestuurder.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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    },
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
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      "effective_date": null,
      "evidence_quote": "HRISTOVA BORISLAVA BORISLAVOVA aanvaardt zijn mandaat.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "sole_shareholder_declaration",
      "role": "enige_bestuurder",
      "person": {
        "rrn": "78.07.30-396.03",
        "name": "HRISTOVA BORISLAVA BORISLAVOVA",
        "address": "GRIENDEPLEIN 4,9000-GENT",
        "birth_date": null,
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      },
      "reason": null,
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      "compensated": null,
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      "evidence_quote": "Getekend door 100% aandelen, HRISTOVA BORISLAVA BORISLAVOVA",
      "decharge_status": null,
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  "notary": {
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  "act_meta": {
    "language": "mixed",
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    "filing_date": "2024-04-18",
    "act_kind_objet": "WIJZIGING ZAAKVOERDER (bestuurder) KWIJTING, WIJZIGING MAATSCHAPPELIJKE ZETEL"
  },
  "decisions": [
    {
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      "date": "2024-04-15",
      "unanimous": null
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  "is_correction": false,
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    "kbo": "0632.685.864",
    "name_full": "F\u0026S",
    "legal_form": "BESLOTEN VENNOOTSCHA\u0420"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "HRISTOVA BORISLAVA BORISLAVOVA",
    "org_rep_person_name": null,
    "person_role_at_subject": "enige_bestuurder"
  },
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}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL F&S
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative