FLEURBAEY & PARTNERS
ActiveSummary
FLEURBAEY & PARTNERS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.35M and a net result of €11k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability28▼-5
Solvency71▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.36 in 2023; short-term debt: 44.5% and cash: 0.1% of total assets), and 54.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.6%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d late
2023
51 d late
2022
45 d early
2021
130 d early
2020
54 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.35M▲ 0.8%
2023 · €1.34M
2018: €905k
2019: €1.13M
2020: €1.24M
2021: €1.29M
2022: €1.32M
2023: €1.34M
2018 → 2024
Total assets
€2.97M▲ 3.2%
2023 · €2.87M
2018: €1.32M
2019: €1.49M
2020: €1.59M
2021: €2.50M
2022: €2.61M
2023: €2.87M
2018 → 2024
Net result
€11k▼ 47.9%
2023 · €20k
2018: €89k
2019: €223k
2020: €115k
2021: €46k
2022: €33k
2023: €20k
2018 → 2024
Working capital
€-746k▲ 5.9%
2023 · €-793k
2018: €797k
2019: €894k
2020: €997k
2021: €-312k
2022: €-178k
2023: €-793k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.24M-€1.29M▲ 3.7%€1.32M▲ 2.6%€1.34M▲ 1.5%€1.35M▲ 0.8%
Operating result€67k-€41k▼ 39.2%€54k▲ 31.4%€80k▲ 50.2%€60k▼ 25.6%
Net result€115k-€46k▼ 60.4%€33k▼ 27.0%€20k▼ 38.8%€11k▼ 47.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 26% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.97M
Fixed assets
€2.39M ▼ 1.6%
Current assets
€573k ▲ 29.2%
Equity and liabilities €2.97M
Equity
€1.35M ▲ 0.8%
Debt
€1.61M ▲ 5.3%
Debt's share of the balance-sheet total rises from 53.3% to 54.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€103k▼
2023 · €124k
Cash flow
€54k▼
2023 · €64k
Current ratio
0.43▲
2023 · 0.36
Debt to equity
1.19▲
2023 · 1.14
ROE
0.8%▼
2023 · 1.5%
ROA
0.4%▼
2023 · 0.7%
Interest coverage
1.10▼
2023 · 1.57
Debt ≤ 1 year
€1.32M▲
2023 · €1.24M
Debt > 1 year
€257k▼
2023 · €285k
Income taxes
€7k▼
2023 · €12k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.87M€2.97M▲
Fixed assets21/28€2.43M€2.39M▼
Tangible fixed assets22/27€265k€227k▼
Land and buildings22€181k€172k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€16k€11k▼
Other tangible fixed assets26€68k€43k▼
Financial fixed assets28€2.17M€2.17M=
Current assets29/58€444k€573k▲
Amounts receivable after more than one year29€368k€427k▲
Other amounts receivable291€368k€427k▲
Amounts receivable within one year40/41€40k€141k▲
Trade receivables40€40k€15k▼
Other amounts receivable41€275€127k▲
Cash at bank and in hand54/58€14k€4k▼
Deferred charges and accrued income490/1€21k€481▼
Equity and liabilities
Total equity and liabilities10/49€2.87M€2.97M▲
Equity10/15€1.34M€1.35M▲
Contributions10/11€19k€19k=
Reserves13€1.32M€1.33M▲
Distributable reserves133€1.32M€1.33M▲
Amounts payable17/49€1.53M€1.61M▲
Amounts payable after more than one year17€285k€257k▼
Financial debts170/4€285k€257k▼
Amounts payable within one year42/48€1.24M€1.32M▲
Current portion of amounts payable after more than one year42€28k€29k▲
Financial debts43€872k€872k=
Credit institutions430/8€872k€872k=
Other loans439€0-
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€62k€37k▼
Taxes450/3€62k€37k▼
Other amounts payable47/48€270k€380k▲
Accrued charges and deferred income492/3€9k€36k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€129k€107k▼
Operating profit (loss)9901€80k€60k▼
Financial income75/76B€31k€51k▲
Recurring financial income75€31k€51k▲
Financial charges65/66B€79k€93k▲
Recurring financial charges65€79k€93k▲
Profit (loss) for the period before taxes9903€32k€17k▼
Income taxes67/77€12k€7k▼
Profit (loss) for the period9904€20k€11k▼
Profit (loss) for the period to be appropriated9905€20k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€11k▼
Transfer to equity691/2€20k€11k▼
To other reserves6921€20k€11k▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
31-12
Financial
Weakest financial yearnet €11k ▼47.9%
Net result drops to €11k, the lowest in the series.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €223k ▲150%
Net result €223k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.13M ▲24.6%
2 profitable years in a row build equity to €1.13M.
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2010
25-11
State Gazette act
General meeting · Legal-form conversion
Capital · Corporate purpose
03-08
State Gazette act
General meeting · Registered-office move
Capital increase · Capital · Thomas Dusselier
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ter Woestijne 138310 BruggeGround area
1,181 m²
Building footprint
216 m²
Volume, LiDAR
1,348 m³
Parcel 31029B0406/00V000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLEURBAEY & PARTNERS BVBA
since 19872.033.664.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029B0406/00V000 | Flanders | 1,181 m² | 1 · 216 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 24,541 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.