Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2 to 0.7.
Financials
Financial year 2025
F.V. MGT from Izegem, company number BE0828168380, closed financial year 2025 with a result of € -3.7 million after tax. For that financial year F.V. MGT recorded a gross margin of € 649,281 and equity of € 7.9 million. Compared with financial year 2024, the result moved from € 5,132 to € -3.7 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 September 30, 2025.
€ 7.9 million
▼ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.7 million
▼ still € 5,132 profit in 2024
Profit after tax over the fiscal year.
€ 554,051
▲ € 545,023 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.8 million.
People and assets in 2025
0.7
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 33,016
▼ 48% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 16,149
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.6 million
▼ 18% vs 2024
€ 455,175 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 64,293
▲ 186% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,050
▼ 62% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 608,126 | - | - | - | |
| Gross margin | - | € 492,507 | € 504,493 | € 649,281 | ▲ 29% |
| Profit after taxes | € 10,671,592 | € 462 | € 5,132 | € -3,662,681 | ▼ € 3.7 million |
| Equity | € 12,063,024 | € 12,063,485 | € 11,540,887 | € 7,878,206 | ▼ 32% |
| Total debts | € 5,675,183 | € 6,053,420 | € 6,678,351 | € 5,335,035 | ▼ 20% |
| Cash | € 60,550 | € 52,165 | € 9,029 | € 554,051 | ▲ € 545,023 |
| Land & buildings | € 6,376,195 | € 6,355,266 | € 6,949,788 | € 6,648,795 | ▼ 4% |
| Retained profit | € 12,025,775 | € 12,026,237 | € 11,503,638 | € 7,840,958 | ▼ 32% |
| Dividend | € 0 | € 0 | € 527,730 | € 0 | ▼ 100% |
| Bank debt | € 5,232,039 | € 5,540,210 | € 5,659,553 | € 4,619,979 | ▼ 18% |
| Balance sheet total | € 17,738,206 | € 18,116,906 | € 18,219,238 | € 13,213,242 | ▼ 27% |
| Employees (FTE) | 0.8 | 2 | 1 | 0.7 | ▼ 0.3 |
Key figures of F.V. MGT, 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 October 2026.
What happened to F.V. MGT?
What happened at F.V. MGT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.7 million (▼ € 3.7 million vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Frederick Verhelst became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10.7 million profit in 2022 to € 3.7 million loss in 2025.
Paid € 52,436 in corporate taxes since 2022.
Best year ever: 2022, with € 10.7 million profit.
On average € 504,500 of value added per employee in 2024.
Management
Behind F.V. MGT is Frederick Verhelst. It owns 100% of Padel Dôme, 50% of Potz - Music is Love, 28% of KFC Mandel United and 27% of Copus Projectsourcing itself.
Directors
According to the 2025 annual accounts
Frederick Verhelst
Director
Also active at: SMART FINANCE, Benton, SMART ENGINEERING, Smart ICT / Field Services, Smart Experts, Waterfields Brewery, KFC MANDEL UNITED, COPUS PROJECTSOURCING +5 more
since 2010
Establishments
Establishment units
Physical locations of this company
Katteboomstraat 80
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0828.168.380
- VAT number
- BE 0828.168.380
- Registered office
- Katteboomstraat 80, 8870 Izegem
- Names & denominations
- F.V. MGT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 2010
- Peppol
- Active · Active since 2 Sept 2025
- Activities · NACE
Activiteiten van holdings
Holdings