Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
FCO HOLDING from Brussel, company number BE0777874375, closed financial year 2023 with a result of € -1.1 million after tax. Compared with financial year 2022, the result moved from € -1.1 million to € -1.1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 28, 2024.
€ 10.9 million
▼ 9% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▲ 4 % less loss than in 2022
Profit after tax over the fiscal year.
€ 660
▼ 81% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
Debts at end 2023
€ 13.8 million
▲ 8% vs 2022
Loans from banks and other lenders, long and short.
€ 16,384
▲ 2% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 196 days on average.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Profit after taxes | € -1,139,316 | € -1,095,736 | ▲ € 43,580 |
| Equity | € 11,962,684 | € 10,866,948 | ▼ 9% |
| Total debts | € 12,732,358 | € 13,808,981 | ▲ 8% |
| Cash | € 3,445 | € 660 | ▼ 81% |
| Retained profit | € -1,139,316 | € -2,235,052 | ▼ € 1.1 million |
| Bank debt | € 12,706,431 | € 13,753,185 | ▲ 8% |
| Balance sheet total | € 24,695,042 | € 24,675,928 |
Key figures of FCO HOLDING, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to FCO HOLDING?
What happened at FCO HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
FCO HOLDING is active according to the CBE. Legal situation: Opening faillissement.
- Francisco SANCHEZ APELLANIZ MEINESZ stepped down as director. NBB
- Victoria SANCHEZ APELLANIZ MEINESZ stepped down as director. NBB
- AXIO CAPITAL SAS S. Etr. stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 1.1 million. Source: NBB ↗
- Belkis GÜMÜS stepped down as director. NBB
- Victoria SANCHEZ APELLANIZ MEINESZ became a director. NBB
- Francisco SANCHEZ APELLANIZ MEINESZ became a director. NBB
- Belkis GÜMÜS became a director. NBB
In short
From € 1.1 million loss in 2022 to € 1.1 million loss in 2023.
Pays suppliers within 196 days on average.
Management
The shares are held by Francisco SANCHEZ APELLANIZ MEINESZ (70.6%), SOCIETE REGIONALE D'INVESTISSEMENT DE BRUXELLES SA (11.4%), AXIO TRANSMISSION S. Etr. (9.7%), AXIO TOP-UP FUND S. Etr. (6%), AXIO SOLUTIONS s.l.p. S. Etr. (2.3%) and Jeremy De Smet (0%). It owns 99% of Moneytrans RDC and 77.5% of FSA Holding itself.
Directors
According to the 2023 annual accounts
Francisco SANCHEZ APELLANIZ MEINESZ
Membre du Conseil de Surveillance
Owns 70.6% directly
Also active at: MONEYTRANS PAYMENT SERVICES, FSA Holding, iMoneytrans Corporate
since 2021 · until 2027
since 2021 · until 2023
since 2023 · until 2027
Membre du Conseil de Surveillance · represented by Laurent TESSON
Also active at: FSA Holding
since 2021 · until 2027
Shareholders
Francisco SANCHEZ APELLANIZ MEINESZ · director
70.6%
Jeremy De Smet
0%
Participations
Moneytrans RDC
99%
77.5%
Establishments
Establishment units
Physical locations of this company
Waterloolaan 77 box 1
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →MONEYTRANS PAYMENT SERVICES same network
€ 14.1 million revenue · 2023
FSA Holding same network
MONEYTRANS BELGIUM same network
€ 231,872 revenue · 2023
CARIBEL GROUP
€ -1,538 gross margin · 2025
FRANCOIS Cécile, Société Notariale
€ 321,937 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0777.874.375
- VAT number
- BE 0777.874.375
- Registered office
- Waterloolaan 77 bus 1, 1000 Brussel
- Names & denominations
- FCO HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 30 November 2021
- Peppol
- Not registered
- Contact
- [email protected]