ACTIVE

FS-Projects

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
47,4 k €
-10.3% YoY
Gross margin
145 k €
+8.8% YoY
Equity
247,3 k €
+23.7% YoY

What does FS-Projects do?

FS-Projects is a Private limited company incorporated in 2014. Its main activity is: Management consultancy activities. Its registered office is in Stekene.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0543.759.927
Incorporation
03/01/2014
Legal form
Private limited company
Registered office
Molenbergstraat(STE) 128
9190 Stekene · FlandreSee on map
Contributed capital
2 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy86906Other human health activities86940Other human health activities
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin145 k €133,2 k €119,1 k €138,8 k €72,8 k €
EBITDA136,8 k €127,4 k €113,7 k €135,7 k €70 k €
Operating result84,6 k €84,7 k €77,3 k €107,4 k €2,5 k €
Net result47,4 k €52,9 k €46,8 k €71,4 k €-19,3 k €
Balance sheet
Equity247,3 k €199,9 k €205,5 k €158,8 k €87,4 k €
Total assets911,9 k €952,4 k €928,8 k €912,6 k €1,1 M €
Cash22,8 k €21,6 k €28,9 k €11,2 k €8,1 k €
Debts653,5 k €741,9 k €714 k €748,5 k €962,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Frank Raes

Director · since 02 janvier 2014

Active
Sarah Minnebo

Director

Active

Ended mandates

Sarah Minnebo

Director · since 17 mai 2021

Ended
Frank Raes

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202623/07/202519/07/202426/06/202328/07/202220/07/2021
General meeting30/06/202630/06/202528/06/202431/05/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202630/07/2026DutchPDF
Micro model31/12/202430/06/202523/07/2025DutchPDF
Micro model31/12/202328/06/202419/07/2024DutchPDF
Micro model31/12/202231/05/202326/06/2023DutchPDF
Micro model31/12/202130/06/202228/07/2022DutchPDF
Micro model31/12/202030/06/202120/07/2021DutchPDF
Micro model31/12/201905/03/202031/03/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Frank Raes

Director · since 02 janvier 2014

Active
Sarah Minnebo

Director

Active

Ended mandates

Sarah Minnebo

Director · since 17 mai 2021

Ended
Frank Raes

Director

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/02/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/01/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202547,4 k €↓
  2. 2024
    Annual accounts 202452,9 k €↑
  3. 2023
    Annual accounts 202346,8 k €↓
  4. 2022
    Annual accounts 202271,4 k €↑
  5. 2021
    Annual accounts 2021-19,3 k €
  6. 03/01/2014
    IncorporationPrivate limited company