FS MGT
ActiveFS MGT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €746k and a net result of €198k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 6967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 5.41 against 4.45 in 2024), and 20.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
79.7%
Return on assets
21.2%
Age of the figures
15 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
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 26-12-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
32 d early
2023
42 d early
2022
40 d early
2021
42 d early
2020
6 d early
2019
12 d late
← before the deadline
after the deadline →
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 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€746k▲ 36.2%
2024 · €548k
2019: €344k
2020: €418k
2021: €532k
2022: €200k
2023: €352k
2024: €548k
2019 → 2025
Total assets
€937k▲ 8.6%
2024 · €863k
2019: €354k
2020: €439k
2021: €683k
2022: €349k
2023: €457k
2024: €863k
2019 → 2025
Net result
€198k▲ 1.3%
2024 · €196k
2019: €89k
2020: €74k
2021: €113k
2022: €128k
2023: €152k
2024: €196k
2019 → 2025
Working capital
€599k▲ 33.3%
2024 · €449k
2019: €344k
2020: €418k
2021: €481k
2022: €146k
2023: €295k
2024: €449k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€532k-€200k▼ 62.4%€352k▲ 76.3%€548k▲ 55.5%€746k▲ 36.2%
Operating result€122k-€172k▲ 41.1%€196k▲ 13.9%€250k▲ 27.6%€255k▲ 2.1%
Net result€113k-€128k▲ 13.2%€152k▲ 18.8%€196k▲ 28.3%€198k▲ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €937k
Fixed assets
€202k▼ 28.8%
Current assets
€735k▲ 26.9%
Equity and liabilities €937k
Equity
€746k▲ 36.2%
Debt
€190k▼ 39.6%
The debt ratio falls from 36.5% to 20.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€336k▲
2024 · €306k
Cash flow
€280k▲
2024 · €252k
Solvency
79.7%▲
2024 · 63.5%
Current ratio
5.41▲
2024 · 4.45
Quick ratio
5.41▲
2024 · 4.45
Debt / equity
0.25▼
2024 · 0.57
ROE
26.6%▼
2024 · 35.7%
ROA
21.2%▼
2024 · 22.7%
Interest coverage
65.83▼
2024 · 132.16
Debt
€190k▼
2024 · €315k
Debt ≤ 1 year
€136k▲
2024 · €130k
Debt > 1 year
€54k▼
2024 · €183k
Income taxes
€62k▲
2024 · €54k
Staff costs
€134k▲
2024 · €74k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€863k€937k▲
Fixed assets21/28€284k€202k▼
Tangible fixed assets22/27€284k€202k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€229k€176k▼
Leasing and similar rights25€50k€23k▼
Financial fixed assets28€135€135=
Current assets29/58€579k€735k▲
Amounts receivable within one year40/41€143k€103k▼
Trade receivables40€143k€103k▼
Current investments50/53€230k€300k▲
Cash at bank and in hand54/58€201k€320k▲
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€863k€937k▲
Equity10/15€548k€746k▲
Contributions10/11€19k€19k=
Reserves13€530k€726k▲
Distributable reserves133€530k€726k▲
Profit (loss) carried forward14-€2k
Amounts payable17/49€315k€190k▼
Amounts payable after more than one year17€183k€54k▼
Financial debts170/4€183k€54k▼
Amounts payable within one year42/48€130k€136k▲
Current portion of amounts payable after more than one year42€57k€59k▲
Trade debts44€16k€12k▼
Suppliers440/4€16k€12k▼
Taxes, remuneration and social security45€53k€65k▲
Taxes450/3€47k€56k▲
Remuneration and social security454/9€6k€10k▲
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€74k€134k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€82k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€384k€473k▲
Operating profit (loss)9901€250k€255k▲
Financial income75/76B€3k€10k▲
Recurring financial income75€3k€10k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€250k€260k▲
Income taxes67/77€54k€62k▲
Profit (loss) for the period9904€196k€198k▲
Profit (loss) for the period to be appropriated9905€196k€198k▲
Appropriation of the result
Profit (loss) to be appropriated9906€196k€198k▲
Transfer from equity791/2€2k-
Transfer to equity691/2€198k€196k▼
To other reserves6921€198k€196k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €198k ▲1.3%
Operating result €255k, net result €198k, both a record.
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €500kEq €548k ▲55.5%
6 profitable years in a row build equity to €548k.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €200kEq €352k ▲76.3%
5 profitable years in a row build equity to €352k.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €500kEq €532k ▲27.1%
3 profitable years in a row build equity to €532k.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €74k ▼16.7%
Net result drops to €74k, the lowest in the series; recovery starts the following year.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
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.
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, Kortrijk · 1 establishment unit since 2014
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.
Zwaluwenlaan(Kor) 188500 KortrijkGround area
763 m²
Building footprint
131 m²
Volume, LiDAR
654 m³
Parcel 34354C0427/00T000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FREDERIC SPILLEBEEN BVBA
since 20142.238.185.720
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0427/00T000 | Flanders | 763 m² | 1 · 131 m² | 7.1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 345 EUR awarded · 345 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 345 EUR | 345 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,085. 4,578 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2014
Fiscal year end30-06
Activities, NACEBEL
49410Freight transport by road
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
41001General construction of residential buildings
70200Business and other management consultancy
70220Business consulting
71111Activities of building architects
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.