ACTIVE

F.S.B.

Financial year 2025 · Closed on 31/08/2025

Net result-130,5 k €-8,6 %over 1 year

Gross margin297,9 k €+3,3 %over 1 year

Equity-1,6 M €-9,1 %over 1 year

Identity

Source · BCE/KBO

F.S.B. is a Public limited company incorporated in 1959. Its main activity is: Rental and leasing of construction and civil engineering machinery and equipment. Its registered office is in Antwerpen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0400.377.594
Incorporation: 29/03/1959
Legal form: Public limited company
Registered office: Minderbroedersrui 11
2000 Antwerpen · FlandreSee on map
Contributed capital: 64 000,00 €
Latest accounts: 31/08/2025

Activities (NACE)

77320Rental and leasing of construction and civil engineering machinery and equipment· main 77320Rental and leasing of construction and civil engineering machinery and equipment 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (1)

Signals

Good liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	297,9 k €	+3.3%	288,2 k €	+4.1%	276,9 k €	-49.3%	545,8 k €		–
EBITDA	280,9 k €	+3.0%	272,7 k €	+4.1%	262 k €	-49.9%	522,9 k €	+125%	232 k €
Operating result	123,1 k €	+7.2%	114,9 k €	+9.3%	105,1 k €	-71.3%	366 k €	+387%	75,1 k €
Net result	-130,5 k €	-8.6%	-120,2 k €	+17.3%	-145,2 k €	-124%	609,9 k €	+746%	-94,5 k €
Balance sheet
Equity	-1,6 M €	-9.1%	-1,4 M €	-9.2%	-1,3 M €	-12.5%	-1,2 M €	+34.3%	-1,8 M €
Total assets	2,7 M €	-2.1%	2,8 M €	-4.0%	2,9 M €	-15.4%	3,4 M €	+18.5%	2,9 M €
Cash	29,3 k €	-77.2%	128,5 k €	+2.7%	125,1 k €	-21.8%	160 k €	+209%	51,7 k €
Debts	3,9 M €	+2.7%	3,8 M €	+0.9%	3,7 M €	-8.7%	4,1 M €	-1.1%	4,1 M €
Other
Workforce	–		–		0,0 ETP		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/08/2025

2 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Down2Earth Continuation Fund Privak1002.584.872Represented by Peter KLOECK	Directorsince 03/05/2024
Matthias Neirynck	Directorsince 03/05/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Down2Earth Capital0536.345.068Represented by Alain KEPPENS	Director09/02/2021 → 2023 accounts
Manzel0844.105.084Represented by Peter KLOECK	Director09/02/2021 → 2023 accounts

Other companies at this address

Minderbroedersrui 11 2000 Antwerpen

Company	CBE no.
Alexander Van gestel● Active	1031.563.326
CC PARTNERSHIP● Active	0765.219.835
Down2Earth Capital II● Active	0695.614.417
Down2Earth Capital III● Active	1009.238.379
Down2Earth Cinvestco● Active	1011.351.593
Down2Earth Cinvestco II● Active	1018.239.583
Down2Earth Cinvestco II Partnership● Active	1017.668.768
Down2Earth Cinvestco Partnership● Active	1009.752.479
Down2Earth Continuation Fund Privak● Active	1002.584.872
Down2Earth Opportunities Fund privak● Active	0744.580.611
Down2Earth Partners● Active	0535.891.841
Down2Earth Partners II● Active	1008.963.019
E2D1● Active	1019.037.062
The Teak Holding● Active	0791.207.719
Vereniging van Mede-eigenaars van het gebouw te 2000 Antwerpen, Minderbroedersrui 11● Active	0741.878.962

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full model
Start of the financial year	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/04/2026	29/08/2025	04/06/2024	16/05/2023	30/03/2022	06/07/2021
General meeting	26/01/2026	28/02/2025	29/02/2024	14/02/2023	08/02/2022	28/02/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/08/2025	26/01/2026	03/04/2026	Dutch	PDF
Abridged model	31/08/2024	28/02/2025	29/08/2025	Dutch	PDF
Abridged model	31/08/2023	29/02/2024	04/06/2024	Dutch	PDF
Abridged model	31/08/2022	14/02/2023	16/05/2023	Dutch	PDF
Full model	31/08/2021	08/02/2022	30/03/2022	Dutch	PDF
Full model	31/08/2020	28/02/2021	06/07/2021	Dutch	PDF
Full model	31/08/2019	25/02/2020	30/04/2020	Dutch	PDF
Full model	31/08/2018	26/02/2019	20/03/2019	Dutch	PDF
Full model	31/08/2017	27/03/2018	30/03/2018	Dutch	PDF
Full model	31/08/2016	23/06/2017	13/07/2017	Dutch	PDF
Full model	31/08/2015	29/02/2016	24/06/2016	Dutch	PDF
Full model	31/08/2014	10/02/2015	02/03/2015	Dutch	PDF
Full model	31/08/2013	11/02/2014	10/03/2014	Dutch	PDF
Full model	31/08/2012	15/03/2013	28/03/2013	Dutch	PDF
Full model	31/08/2011	14/02/2012	14/03/2012	Dutch	PDF
Full model	31/08/2010	08/02/2011	07/03/2011	Dutch	PDF
Full model	31/08/2009	09/02/2010	26/02/2010	Dutch	PDF
Full model	31/08/2008	13/03/2009	31/03/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	18/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	01/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/08/2025

2 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Down2Earth Continuation Fund Privak1002.584.872Represented by Peter KLOECK	Directorsince 03/05/2024
Matthias Neirynck	Directorsince 03/05/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Down2Earth Capital0536.345.068Represented by Alain KEPPENS	Director09/02/2021 → 2023 accounts
Manzel0844.105.084Represented by Peter KLOECK	Director09/02/2021 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/11/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/10/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/12/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2014
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1959

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Down2Earth Continuation Fund Privak

Matthias Neirynck

Down2Earth Capital

Manzel

F.S.B.

FinIT Services

BENWORKS

Decuypere BVBA

Benoit Devreker

Philip Holvoet

Stefaan Vanquaethem

LUTGART DEWITTE

Show the other mandate

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

F.S.B.

Minderbroedersrui 11, 2000 Antwerp

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Minderbroedersrui 11, 2000 AntwerpCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00072294

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
F.S.B.Current	accounts 2022 → 2025	Accounts 2025 · 2026-00072294

Events

2025
Annual accounts 2025-130,5 k €↓
2024
Annual accounts 2024-120,2 k €↑
2023
Annual accounts 2023-145,2 k €↓
2022
Annual accounts 2022609,9 k €↑
2021
Annual accounts 2021-94,5 k €↑
2020
Annual accounts 2020-3,2 M €↓
2019
Annual accounts 2019-73,9 k €↑
2018
Annual accounts 2018-127 k €↓
2017
Annual accounts 2017341,9 k €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014170 k €↓
2013
Annual accounts 2013212,3 k €↑
2012
Annual accounts 2012165,9 k €↓
2011
Annual accounts 2011229,5 k €↓
2010
Annual accounts 2010241,8 k €↑
2009
Annual accounts 2009217,6 k €↑
2008
Annual accounts 200860,8 k €↓
2007
Annual accounts 2007268,4 k €↓
2006
Annual accounts 20062,7 M €
29/03/1959
IncorporationPublic limited company

F.S.B.

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events