ACTIVE

FSA

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Financial year 2024 · closed on 30/06/2024

Net result

7,2 k €

-40.4% YoY

Gross margin

372,6 k €

+36.0% YoY

Equity

4,4 M €

+0.2% YoY

Workforce

0,0 ETP

What does FSA do?

FSA is a Private limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.690.772

Incorporation

27/11/1998

Legal form

Private limited company

Registered office

Boulevard du Souverain 24
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

1 678 600,00 €

Latest accounts

30/06/2024

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities 93011Sports activities and amusement and recreation activities+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2022		2021		2020		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	372,6 k €	+36.0%	273,9 k €	-45.6%	503,2 k €	-42.4%	873,5 k €	+79.1%	487,7 k €	-21.3%	619,8 k €	+1.5%	610,6 k €	+5.0%	581,8 k €	+21.1%	480,5 k €	+14.3%	420,2 k €	-21.2%	533,4 k €	-5.9%	566,7 k €	-0.7%	570,6 k €	+15.9%	492,2 k €	+18.2%	416,3 k €	+11.0%	375,2 k €
EBITDA	330,2 k €	+37.4%	240,3 k €	-51.2%	492,3 k €	-42.4%	854 k €	+116%	394,6 k €	-35.5%	612,2 k €	+2.5%	597,2 k €	+4.0%	574,4 k €	+23.0%	467,2 k €	+13.2%	412,6 k €	-21.1%	523 k €	-6.2%	557,6 k €	-1.8%	567,9 k €	+16.0%	489,4 k €	+18.2%	414 k €	+12.4%	368,4 k €
Operating result	-6,4 k €	-114%	46,2 k €	-81.9%	255,1 k €	-61.7%	666 k €	+91.1%	348,5 k €	-37.9%	561,5 k €	+2.4%	548,5 k €	+6.3%	516 k €	+26.2%	408,7 k €	+34.2%	304,5 k €	-33.9%	460,7 k €	+20.3%	383 k €	-32.3%	566 k €	+16.1%	487,4 k €	+25.9%	387,1 k €	+13.3%	341,8 k €
Net result	7,2 k €	-40.4%	12 k €	-89.3%	112,5 k €	-67.8%	349,3 k €	+84.7%	189,2 k €	-45.5%	347 k €	+4.2%	332,9 k €	+13.0%	294,7 k €	+7.1%	275,2 k €	+18.9%	231,5 k €	-28.9%	325,8 k €	+15.4%	282,4 k €	-31.3%	411,3 k €	+15.7%	355,5 k €	+28.1%	277,6 k €	+19.2%	232,8 k €
Balance sheet
Equity	4,4 M €	+0.2%	4,4 M €	+0.3%	4,3 M €	+2.7%	4,2 M €	+29.5%	3,3 M €	+6.1%	3,1 M €	+12.7%	2,7 M €	+13.9%	2,4 M €	+440%	444,5 k €	-78.6%	2,1 M €	+11.6%	1,9 M €	+5.8%	1,8 M €	+19.1%	1,5 M €	+24.8%	1,2 M €	+42.8%	830,1 k €	+50.3%	552,5 k €
Total assets	4,9 M €	-5.1%	5,1 M €	-5.1%	5,4 M €	+0.5%	5,4 M €	+21.4%	4,4 M €	-1.3%	4,5 M €	+6.6%	4,2 M €	+8.8%	3,9 M €	+30.7%	3 M €	+37.6%	2,2 M €	-19.2%	2,7 M €	+42.8%	1,9 M €	+11.5%	1,7 M €	+32.9%	1,3 M €	+39.4%	902,9 k €	+45.6%	620,2 k €
Cash	116,2 k €	-62.7%	311,8 k €	-82.6%	1,8 M €	+33.6%	1,3 M €	-30.6%	1,9 M €	+6.5%	1,8 M €	+36.6%	1,3 M €	+27.9%	1 M €	+171%	382,6 k €	-34.5%	584 k €	-62.3%	1,5 M €	+85.7%	833,4 k €	-49.1%	1,6 M €	+30.6%	1,3 M €	+4048%	30,2 k €	-80.2%	152,2 k €
Debts	470,3 k €	-36.3%	738,8 k €	-28.1%	1 M €	-7.8%	1,1 M €	+6.9%	1 M €	-23.4%	1,4 M €	-4.2%	1,4 M €	+0.0%	1,4 M €	-43.2%	2,5 M €	+3534%	68,8 k €	-91.4%	799,1 k €	+676%	103 k €	-46.6%	193,1 k €	+165%	73 k €	+0.3%	72,8 k €	+7.5%	67,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2024 · 1 active · 2 ended

Active mandates

Amir Sheik

Director · since 25 novembre 1998

Active

Ended mandates

Amir SHEIKH

Manager · since 25 novembre 1998

Ended

Amir SHEIKH

Manager

Ended

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Annual accounts

Full financial information

	2024	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	30/06/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	18 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2025	18/02/2025	03/08/2023	01/07/2022	04/03/2022	17/08/2021
General meeting	10/07/2025	20/08/2024	30/05/2023	30/06/2022	18/02/2022	04/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2024	10/07/2025	15/07/2025	French	PDF
Abridged model	31/12/2022	20/08/2024	18/02/2025	French	PDF
Abridged model	31/12/2021	30/05/2023	03/08/2023	French	PDF
Abridged model	31/12/2020	30/06/2022	01/07/2022	French	PDF
Abridged model	31/12/2019	18/02/2022	04/03/2022	French	PDF
Abridged model	31/12/2018	04/06/2021	17/08/2021	French	PDF
Abridged model	31/12/2017	18/12/2018	30/12/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	29/09/2015	French	PDF
Abridged model	31/12/2013	28/08/2014	29/09/2014	French	PDF
Abridged model	31/12/2012	19/09/2013	23/09/2013	French	PDF
Abridged model	31/12/2011	12/10/2012	26/10/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	19/08/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	12/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	21/10/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	30/10/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	10/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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.

Governance

Board of directors

Seen on filing of 30/06/2024 · 1 active · 2 ended

Active mandates

Amir Sheik

Director · since 25 novembre 1998

Active

Ended mandates

Amir SHEIKH

Manager · since 25 novembre 1998

Ended

Amir SHEIKH

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other26/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Capital / shares17/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office16/04/2012
SIEGE SOCIAL
PDF
Other09/09/2010
OBJET
PDF
Capital / shares29/07/2008
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/05/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2006
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2024
Annual accounts 20247,2 k €↓
2022
Annual accounts 202212 k €↓
2021
Annual accounts 2021112,5 k €↓
2020
Annual accounts 2020349,3 k €↑
2017
Annual accounts 2017189,2 k €↓
2016
Annual accounts 2016347 k €↑
2015
Annual accounts 2015332,9 k €↑
2014
Annual accounts 2014294,7 k €↑
2013
Annual accounts 2013275,2 k €↑
2012
Annual accounts 2012231,5 k €↓
2011
Annual accounts 2011325,8 k €↑
2010
Annual accounts 2010282,4 k €↓
2009
Annual accounts 2009411,3 k €↑
2008
Annual accounts 2008355,5 k €↑
2007
Annual accounts 2007277,6 k €↑
2006
Annual accounts 2006232,8 k €
27/11/1998
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FSA

Overview

What does FSA do?

Trend over 16 financial years

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