Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FSD Group from Anderlecht, company number BE0820116984, closed financial year 2025 with a result of € -41,723 after tax. For that financial year FSD Group recorded revenue of € 1.7 million and equity of € 818,959. Compared with financial year 2024, the result moved from € 21,470 to € -41,723. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 818,959
▲ € 1.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -41,723
▼ still € 21,470 profit in 2024
Profit after tax over the fiscal year.
€ 25,365
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5,498.
People and assets in 2025
6.5
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 834,967
▲ 44% vs 2024
€ 128,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 28,284
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 13 days on average.
€ 172,639
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,801,599 | € 1,327,274 | € 1,395,467 | € 1,675,774 | ▲ 20% |
| Profit after taxes | € -923,649 | € 68,154 | € 21,470 | € -41,723 | ▼ € 63,193 |
| Equity | € -823,259 | € -755,105 | € -733,635 | € 818,959 | ▲ € 1.6 million |
| Total debts | € 1,350,397 | € 1,465,440 | € 2,048,310 | € 241,431 | ▼ 88% |
| Cash | € 143,266 | € 189,338 | € 258,348 | € 25,365 | ▼ 90% |
| Retained profit | € -1,073,259 | € -1,005,105 | € -983,635 | € -5,498 | ▲ € 978,137 |
| Bank debt | € 43 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 1,267,138 | € 1,250,335 | € 1,389,675 | € 1,077,072 | ▼ 22% |
| Employees (FTE) | 10 | 5.6 | 5.7 | 6.5 | ▲ 0.8 |
Key figures of FSD Group, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FSD Group?
What happened at FSD Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 41,723 (▼ € 63,193 vs 2024). Source: NBB ↗
- Maud Martens became a director. NBB
- Bruno Moors became a director. NBB
- New establishment in Anderlecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 923,649 loss in 2022 to € 41,723 loss in 2025.
Paid € 254,559 in corporate taxes since 2022.
Best year ever: 2023, with € 68,154 profit.
Pays suppliers within 13 days on average.
A new publication or filing at FSD Group? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind FSD Group are Bruno Moors and Maud Martens. It owns 100% of BV Bogaerts - Van Brempt itself.
Directors
According to the 2025 annual accounts
since 2024
Maud Martens
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Paapsemlaan 11 box 9
1070 Anderlecht
Paapsemlaan 11B box 9
1070 Anderlecht
Active since 1 July 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Association de Fournisseurs de Collectivités-Associatie van Leveranciers Voor Collectiviteiten
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€ 32 million revenue · 2025
IPC BENELUX
€ 1.4 million gross margin · 2025
KERIM
LA JOIE DE VIVRE
+3 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
- 0820.116.984
- VAT number
- BE 0820.116.984
- Registered office
- Paapsemlaan 11 bus 9, 1070 Anderlecht
- Names & denominations
- FSD Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 2009
- Peppol
- Active · Active since 19 Dec 2024
- Activities · NACE
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