FBS
ActiveSummary
FBS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336,385 and a net result of €14,455. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 83% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+3
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 5.57 against 8.14 in 2024; short-term debt: 15.7% and cash: 33.2% of total assets), and 16.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
83.1%
Return on assets
3.6%
Age of the figures
15 mo
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 · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
1 d early
2021
3 d early
2020
2 d early
2019
2 d early
← 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 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€336,385▼ 2.5%
2024 · €345,026
Total assets
€405,020▲ 2.2%
2024 · €396,238
Net result
€14,455▲ 181%
2024 · €5,153
Working capital
€289,936▼ 11.1%
2024 · €326,223
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€14,466▼ 41.7%€8,970▼ 38.0%€3,850▼ 57.1%€11,907▲ 209%€20,675▲ 73.6%
Net result€5,360▼ 35.2%€2,432▼ 54.6%€564▼ 76.8%€5,153▲ 814%€14,455▲ 181%
Equity€336,877▲ 1.6%€339,309▲ 0.7%€339,873▲ 0.2%€345,026▲ 1.5%€336,385▼ 2.5%
Total assets€417,182▲ 4.1%€406,956▼ 2.5%€391,608▼ 3.8%€396,238▲ 1.2%€405,020▲ 2.2%
Debt€80,305▲ 16.0%€67,647▼ 15.8%€51,735▼ 23.5%€51,212▼ 1.0%€68,635▲ 34.0%
Working capital€289,776▼ 0.4%€306,120▲ 5.6%€305,505▼ 0.2%€326,223▲ 6.8%€289,936▼ 11.1%
Staff (FTE)0.6▼ 14.3%1▲ 66.7%1=0.9▼ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 74% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €405,020
Fixed assets
€51,687 ▲ 112%
Current assets
€353,334 ▼ 5.0%
Equity and liabilities €405,020
Equity
€336,385 ▼ 2.5%
Debt
€68,635 ▲ 34.0%
Debt's share of the balance-sheet total rises from 12.9% to 16.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€36,086▲
2024 · €27,410
Cash flow
€29,866▲
2024 · €20,656
Current ratio
5.57▼
2024 · 8.14
Quick ratio
3.73▼
2024 · 5.32
Debt to equity
0.20▲
2024 · 0.15
ROE
4.3%▲
2024 · 1.5%
ROA
3.6%▲
2024 · 1.3%
Interest coverage
8.27▼
2024 · 9.28
Debt ≤ 1 year
€63,398▲
2024 · €45,667
Income taxes
€7,335▼
2024 · €7,551
Staff costs
-€47▼
2024 · €16,364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €18,672 | - |
| Remuneration, social security and pensions62 | - | €17,739 | €18,450 | €16,364 | -€47 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,012 | €13,849 | €15,360 | €15,503 | €15,411 | ▼ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€13,721 | - |
| Other operating charges640/8 | - | €1,344 | €1,561 | €1,788 | €1,695 | ▼ 5.2% |
| Gross operating margin9900 | €49,929 | €41,903 | €39,221 | €45,562 | €24,013 | ▼ 47.3% |
| Operating profit (loss)9901 | €14,466 | €8,970 | €3,850 | €11,907 | €20,675 | ▲ 73.6% |
| Financial income75/76B | - | €2,212 | €2,729 | €3,751 | €5,480 | ▲ 46.1% |
| Recurring financial income75 | €3,494 | €2,212 | €2,729 | €3,751 | €5,480 | ▲ 46.1% |
| Financial charges65/66B | - | €3,248 | €2,970 | €2,954 | €4,364 | ▲ 47.8% |
| Recurring financial charges65 | €3,568 | €3,248 | €2,970 | €2,954 | €4,364 | ▲ 47.8% |
| Profit (loss) for the period before taxes9903 | €14,393 | €7,934 | €3,609 | €12,704 | €21,791 | ▲ 71.5% |
| Income taxes67/77 | €9,032 | €5,502 | €3,045 | €7,551 | €7,335 | ▼ 2.9% |
| Profit (loss) for the period9904 | €5,360 | €2,432 | €564 | €5,153 | €14,455 | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | €23,840 | €2,432 | €564 | €5,153 | €14,455 | ▲ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €417,182 | €406,956 | €391,608 | €396,238 | €405,020 | ▲ 2.2% |
| Fixed assets21/28 | €52,379 | €38,529 | €39,851 | €24,348 | €51,687 | ▲ 112% |
| Intangible fixed assets21 | €503 | - | - | - | - | - |
| Tangible fixed assets22/27 | €51,876 | €38,529 | €39,851 | €24,348 | €51,687 | ▲ 112% |
| Plant, machinery and equipment23 | - | - | €14,120 | €10,783 | €7,447 | ▼ 30.9% |
| Furniture and vehicles24 | - | €24,972 | €16,501 | €8,031 | €42,402 | ▲ 428% |
| Other tangible fixed assets26 | - | €13,558 | €9,230 | €5,534 | €1,838 | ▼ 66.8% |
| Current assets29/58 | €364,803 | €368,426 | €351,757 | €371,890 | €353,334 | ▼ 5.0% |
| Stocks and contracts in progress3 | €163,441 | €154,194 | €153,696 | €129,048 | €117,155 | ▼ 9.2% |
| Stocks30/36 | - | €154,194 | €153,696 | €129,048 | €117,155 | ▼ 9.2% |
| Amounts receivable within one year40/41 | €65,207 | €40,809 | €60,612 | €67,179 | €58,433 | ▼ 13.0% |
| Trade receivables40 | - | €40,598 | €58,658 | €67,179 | €56,139 | ▼ 16.4% |
| Other amounts receivable41 | - | €211 | €1,955 | - | €2,294 | - |
| Current investments50/53 | - | - | - | €53,785 | €40,056 | ▼ 25.5% |
| Cash at bank and in hand54/58 | €132,473 | €169,534 | €134,118 | €117,874 | €134,286 | ▲ 13.9% |
| Deferred charges and accrued income490/1 | - | €3,890 | €3,331 | €4,005 | €3,404 | ▼ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €417,182 | €406,956 | €391,608 | €396,238 | €405,020 | ▲ 2.2% |
| Equity10/15 | €336,877 | €339,309 | €339,873 | €345,026 | €336,385 | ▼ 2.5% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €318,285 | €320,717 | €321,281 | €326,434 | €317,793 | ▼ 2.6% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Tax-exempt reserves132 | - | €2,958 | €2,958 | €2,958 | €2,958 | = |
| Distributable reserves133 | - | €315,899 | €316,463 | €323,476 | €314,835 | ▼ 2.7% |
| Amounts payable17/49 | €80,305 | €67,647 | €51,735 | €51,212 | €68,635 | ▲ 34.0% |
| Amounts payable within one year42/48 | €75,027 | €62,306 | €46,252 | €45,667 | €63,398 | ▲ 38.8% |
| Trade debts44 | €16,310 | €12,577 | €14,791 | €4,872 | €58,226 | ▲ 1,095% |
| Suppliers440/4 | - | €12,577 | €14,791 | €4,872 | €58,226 | ▲ 1,095% |
| Taxes, remuneration and social security45 | - | €4,309 | €6,436 | €3,945 | €2,478 | ▼ 37.2% |
| Taxes450/3 | - | €865 | €2,620 | €3,945 | €2,478 | ▼ 37.2% |
| Remuneration and social security454/9 | - | €3,444 | €3,815 | - | - | - |
| Other amounts payable47/48 | - | €45,421 | €25,025 | €36,851 | €2,694 | ▼ 92.7% |
| Accrued charges and deferred income492/3 | - | €5,341 | €5,483 | €5,545 | €5,237 | ▼ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,360 | €2,432 | €564 | €5,153 | €14,455 | ▲ 181% |
| + Depreciation and write-downs630 | €12,012 | €13,849 | €15,360 | €15,503 | €15,411 | ▼ 0.6% |
| Operating cash flow (approximation) | €17,372 | €16,281 | €15,924 | €20,656 | €29,866 | ▲ 44.6% |
| Investment in fixed assets (approximation) | - | €0 | -€16,681 | €0 | -€42,750 | - |
| Change in cash | - | €37,062 | -€35,417 | -€16,244 | €16,412 | ▲ 201% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €14,455 ▲181%
Net result €14,455, the highest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €564 ▼76.8%
Net result drops to €564, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Malle · 1 establishment unit since 1996
Ground area
328 m²
Building footprint
328 m²
Volume, LiDAR
1,813 m³
Parcel 11032B0275/00A002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FBS
since 19962.077.316.168
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032B0275/00A002 | Flanders | 328 m² | 1 · 328 m² | 9.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
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Of 332 companies in sector 46492 we hold annual accounts for 239. 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
Founded24-05-1996
Fiscal year end30-06
Activities, NACEBEL 2025
46492Wholesale trade
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
47621Retail sale of newspapers and periodicals
63920Other information service activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458045282
Also
9925:BE0458045282
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.