FCT
ActiveSummary
The computed 12-month bankruptcy probability of FCT is 2.1% (moderate). The 2024 annual accounts show equity of €44k and a net result of €-27k. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 18936 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability43▲+43
Solvency46=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.89 against 1.02 in 2023; short-term debt: 66.9% and cash: 47.5% of total assets), and 79.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 2024Solvency, return and age of the figures
Solvency
20.8%
Return on assets
-13%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-27k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
41 d late
2022
on the day
2021
2 d early
2020
31 d late
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€44k▼ 38.5%
2023 · €71k
2018: €12klowest in 7 years
2019: €22k▲ +78.3% vs 2018
2020: €28k▲ +28.3% vs 2019
2021: €98k▲ +248% vs 2020
2022: €128k▲ +30.9% vs 2021highest in 7 years
2023: €71k▼ -44.4% vs 2022
2024: €44k▼ -38.5% vs 2023
2018 → 2024
Total assets
€211k▼ 36.7%
2023 · €334k
2018: €140k
2019: €127k▼ -9.2% vs 2018lowest in 7 years
2020: €137k▲ +7.9% vs 2019
2021: €276k▲ +102% vs 2020
2022: €312k▲ +12.7% vs 2021
2023: €334k▲ +7.2% vs 2022highest in 7 years
2024: €211k▼ -36.7% vs 2023
2018 → 2024
Net result
€-27k▲ 51.7%
2023 · €-57k
2018: €-19k
2019: €10k▲ +151% vs 2018
2020: €24k▲ +148% vs 2019
2021: €85k▲ +254% vs 2020highest in 7 years
2022: €45k▼ -46.6% vs 2021
2023: €-57k▼ -226% vs 2022lowest in 7 years
2024: €-27k▲ +51.7% vs 2023
2018 → 2024
Working capital
€-15k
2023 · €4k
2018: €-8k
2019: €-9k▼ -21.3% vs 2018
2020: €10k▲ +205% vs 2019
2021: €78k▲ +680% vs 2020highest in 7 years
2022: €68k▼ -12.3% vs 2021
2023: €4k▼ -94.5% vs 2022
2024: €-15k▼ -505% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€98k▲ 248%€128k▲ 30.9%€71k▼ 44.4%€44k▼ 38.5%
2020: €28klowest in 5 years
2021: €98k▲ +248% vs 2020
2022: €128k▲ +30.9% vs 2021highest in 5 years
2023: €71k▼ -44.4% vs 2022
2024: €44k▼ -38.5% vs 2023
Operating result€34k-€104k▲ 204%€61k▼ 41.8%€-53k€-23k▲ 56.8%
2020: €34k
2021: €104k▲ +204% vs 2020highest in 5 years
2022: €61k▼ -41.8% vs 2021
2023: €-53k▼ -187% vs 2022lowest in 5 years
2024: €-23k▲ +56.8% vs 2023
Net result€24k-€85k▲ 254%€45k▼ 46.6%€-57k€-27k▲ 51.7%
2020: €24k
2021: €85k▲ +254% vs 2020highest in 5 years
2022: €45k▼ -46.6% vs 2021
2023: €-57k▼ -226% vs 2022lowest in 5 years
2024: €-27k▲ +51.7% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €53k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €211k
Fixed assets
€85k ▼ 20.3%
Current assets
€126k ▼ 44.4%
Equity and liabilities €211k
Equity
€44k ▼ 38.5%
Debt
€168k ▼ 36.2%
Debt's share of the balance-sheet total rises from 78.7% to 79.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€23k▲
2023 · €-18k
Cash flow
€19k▲
2023 · €-21k
Current ratio
0.89▼
2023 · 1.02
Quick ratio
0.84▼
2023 · 0.98
Debt to equity
3.82▲
2023 · 3.68
ROE
-62.6%▲
2023 · -79.8%
ROA
-13.0%▲
2023 · -17.0%
Interest coverage
4.84▲
2023 · -3.75
Debt ≤ 1 year
€141k▼
2023 · €223k
Debt > 1 year
€26k▼
2023 · €39k
Income taxes
€104▲
2023 · €100
Staff costs
€305k▲
2023 · €298k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€334k€211k▼
Fixed assets21/28€107k€85k▼
Tangible fixed assets22/27€100k€78k▼
Plant, machinery and equipment23€23k€28k▲
Furniture and vehicles24€58k€39k▼
Other tangible fixed assets26€18k€11k▼
Financial fixed assets28€7k€7k=
Current assets29/58€227k€126k▼
Stocks and contracts in progress3€8k€7k▼
Stocks30/36€8k€7k▼
Amounts receivable within one year40/41€83k€13k▼
Trade receivables40€75k€5k▼
Other amounts receivable41€7k€7k▲
Cash at bank and in hand54/58€136k€100k▼
Deferred charges and accrued income490/1€558€6k▲
Equity and liabilities
Total equity and liabilities10/49€334k€211k▼
Equity10/15€71k€44k▼
Contributions10/11€19k€19k=
Reserves13€110k€110k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€108k€110k▲
Profit (loss) carried forward14€-57k€-84k▼
Amounts payable17/49€263k€168k▼
Amounts payable after more than one year17€39k€26k▼
Financial debts170/4€39k€26k▼
Amounts payable within one year42/48€223k€141k▼
Current portion of amounts payable after more than one year42€21k€26k▲
Trade debts44€90k€41k▼
Suppliers440/4€90k€41k▼
Taxes, remuneration and social security45€80k€44k▼
Taxes450/3€34k€23k▼
Remuneration and social security454/9€47k€21k▼
Other amounts payable47/48€32k€31k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€298k€305k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€46k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€284k€331k▲
Operating profit (loss)9901€-53k€-23k▲
Financial income75/76B€909€314▼
Recurring financial income75€909€314▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€-57k€-27k▲
Income taxes67/77€100€104▲
Profit (loss) for the period9904€-57k€-27k▲
Profit (loss) for the period to be appropriated9905€-57k€-27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-84k▼
Profit (loss) brought forward from the previous period14P-€-57k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €826 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €164k | €261k | €298k | €305k | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €20k | €24k | €35k | €46k | ▲ 29.6% |
| Other operating charges640/8 | - | €5k | €3k | €3k | €2k | ▼ 29.3% |
| Non-recurring operating charges66A | - | €2k | €0 | - | - | - |
| Gross operating margin9900 | €189k | €296k | €348k | €284k | €331k | ▲ 16.5% |
| Operating profit (loss)9901 | €34k | €104k | €61k | €-53k | €-23k | ▲ 56.8% |
| Financial income75/76B | - | - | €510 | €909 | €314 | ▼ 65.4% |
| Recurring financial income75 | €0 | - | €510 | €909 | €314 | ▼ 65.4% |
| Financial charges65/66B | - | €2k | €4k | €5k | €5k | ▲ 2.0% |
| Recurring financial charges65 | €4k | €2k | €4k | €5k | €5k | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €31k | €102k | €57k | €-57k | €-27k | ▲ 51.8% |
| Income taxes67/77 | €7k | €18k | €12k | €100 | €104 | ▲ 4.8% |
| Profit (loss) for the period9904 | €24k | €85k | €45k | €-57k | €-27k | ▲ 51.7% |
| Profit (loss) for the period to be appropriated9905 | €24k | €85k | €45k | €-57k | €-27k | ▲ 51.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137k | €276k | €312k | €334k | €211k | ▼ 36.7% |
| Fixed assets21/28 | €70k | €55k | €89k | €107k | €85k | ▼ 20.3% |
| Intangible fixed assets21 | €25 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €63k | €47k | €82k | €100k | €78k | ▼ 21.8% |
| Plant, machinery and equipment23 | - | €11k | €24k | €23k | €28k | ▲ 18.0% |
| Furniture and vehicles24 | - | €22k | €36k | €58k | €39k | ▼ 32.8% |
| Other tangible fixed assets26 | - | €14k | €21k | €18k | €11k | ▼ 37.8% |
| Financial fixed assets28 | €7k | €7k | €7k | €7k | €7k | = |
| Current assets29/58 | €67k | €222k | €223k | €227k | €126k | ▼ 44.4% |
| Stocks and contracts in progress3 | €4k | €5k | €7k | €8k | €7k | ▼ 6.3% |
| Stocks30/36 | - | €5k | €7k | €8k | €7k | ▼ 6.3% |
| Amounts receivable within one year40/41 | €18k | €21k | €20k | €83k | €13k | ▼ 84.5% |
| Trade receivables40 | - | €4k | €15k | €75k | €5k | ▼ 92.8% |
| Other amounts receivable41 | - | €18k | €6k | €7k | €7k | ▲ 0.5% |
| Cash at bank and in hand54/58 | €43k | €194k | €195k | €136k | €100k | ▼ 26.3% |
| Deferred charges and accrued income490/1 | - | €2k | €282 | €558 | €6k | ▲ 954% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137k | €276k | €312k | €334k | €211k | ▼ 36.7% |
| Equity10/15 | €28k | €98k | €128k | €71k | €44k | ▼ 38.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €10k | €79k | €110k | €110k | €110k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €77k | €108k | €108k | €110k | ▲ 1.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €-57k | €-84k | ▼ 48.3% |
| Amounts payable17/49 | €109k | €178k | €183k | €263k | €168k | ▼ 36.2% |
| Amounts payable after more than one year17 | €52k | €35k | €29k | €39k | €26k | ▼ 33.9% |
| Financial debts170/4 | - | €35k | €29k | €39k | €26k | ▼ 33.9% |
| Amounts payable within one year42/48 | €57k | €144k | €154k | €223k | €141k | ▼ 36.7% |
| Current portion of amounts payable after more than one year42 | - | €17k | €14k | €21k | €26k | ▲ 25.2% |
| Trade debts44 | €15k | €21k | €29k | €90k | €41k | ▼ 54.6% |
| Suppliers440/4 | - | €21k | €29k | €90k | €41k | ▼ 54.6% |
| Taxes, remuneration and social security45 | - | €72k | €73k | €80k | €44k | ▼ 45.5% |
| Taxes450/3 | - | €42k | €44k | €34k | €23k | ▼ 31.1% |
| Remuneration and social security454/9 | - | €29k | €30k | €47k | €21k | ▼ 55.9% |
| Other amounts payable47/48 | - | €35k | €38k | €32k | €31k | ▼ 4.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €85k | €45k | €-57k | €-27k | ▲ 51.7% |
| + Depreciation and write-downs630 | €21k | €20k | €24k | €35k | €46k | ▲ 29.6% |
| Operating cash flow (approximation) | €45k | €105k | €69k | €-21k | €19k | ▲ 186% |
| Investment in fixed assets (approximation) | - | €-5k | €-58k | €-53k | €-24k | ▲ 54.6% |
| Change in cash | - | €150k | €1k | €-58k | €-36k | ▲ 38.6% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €128k ▲30.9%
4 profitable years in a row build equity to €128k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €85k ▲254%
Operating result €104k, net result €85k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Eeklo · 1 establishment unit since 2011
Ground area
302 m²
Building footprint
302 m²
Volume, LiDAR
2,268 m³
Parcel 43352E0746/00K000, Flanders · tallest building 16.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Middenstandshuis Eeklo
since 20112.196.202.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352E0746/00K000 | Flanders | 302 m² | 1 · 302 m² | 16.2 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEeklo2.196.202.239
Dual-learning approval
3 endedHulpkelner (so)
Hulpkok (so)
Keukenmedewerker (so)
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,783 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
Founded10-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.