Lucide Ledger

A filing-first public record from Lucide House.

Issue 003 | U.S. Pilot | US

FCHL

Fitness Champs Holdings Ltd

Screen state: Needs Review Source state: Needs Review 20-F | 2026-05-22 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 65.0%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
2,057,000USD
Total Liabilities
1,898,000USD
NCAV
122,993USD
Cash
1,990,000USD
NCAV per share
0.01USD/share
Evidence
2 annual | 0 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated
12
Triggered
3
Unavailable
4
Requires inspection Current Ratio <= 1.5 1.36
Latest
1.362025-12-31
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities <= 1.5

Source periods: SEC 20-F 2025-12-31 · 0001493152-26-024947

Supporting observation Positive OCF 614,000
Latest
614,0002025-12-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations > 0

Source periods: SEC 20-F 2025-12-31 · 0001493152-26-024947

Supporting observation Share Count Reduced 37,778
Latest
37,7782025-12-31
Comparison
15,000,0002024-12-31
Change
-99.7%

Basis: 1Y share change <= -2% using the same share-count source

Source periods: SEC 20-F 2025-12-31 · 0001493152-26-024947; REPORTED_FILING 20-F 2024-12-31

4 unavailable checks — inspect missing inputs
High Debt (short-term debt + long-term debt) / ordinary equity >= 50%
High NCAV Burn since the previous filing NCAV burn since previous filing >= 10%; previous NCAV must be positive
Low Debt (short-term debt + long-term debt) / ordinary equity < 20%
Non-Positive Equity ordinary shareholders equity <= 0

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001493152-26-023516 2026-05-15 20-F Verified Data Vault | sec/cleaned/cik=0002023796/accession=0001493152-26-023516/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 0 quarterly periods available from Data Vault for this company.

quarterly periods are missing

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

High | Filing

Some rows do not have a verified direct filing URL in the local official filing cache.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
20-F
USD
2024-12-31
20-F
USD
Revenue 3,232,000 3,086,000
Operating Income -1,147,000 34,000
Net Income -1,063,000 126,000
Cash From Operations 447,000 61,000
Capex -1,000 -24,000
Free Cash Flow 446,000 37,000
Cash And Equivalents 1,549,000 230,000
Accounts Receivable 0 0
Inventory n/a n/a
Total Current Assets 1,601,000 1,233,000
Total Assets 2,076,000 1,731,000
Total Current Liabilities 1,176,000 1,428,000
Total Liabilities 1,478,000 1,720,000
Shareholders Equity 598,000 11,000
Shares Outstanding 17,000,000 15,000,000
Shares Outstanding Diluted n/a n/a
Weighted Avg Shares Diluted 9,634,000 1
Weighted Avg Shares Basic 9,634,000 1
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 0 quarterly periods available from Data Vault for this company.

Metric
Revenue
Operating Income
Net Income
Cash From Operations
Capex
Free Cash Flow
Cash And Equivalents
Total Current Assets
Total Liabilities
Shares Outstanding
Shares Outstanding Diluted
Weighted Avg Shares Diluted
Weighted Avg Shares Basic
Net Share Count Change (Normalized)
Ownership Claim Change (Normalized)
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 1,601,000USD us-gaap:AssetsCurrent 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Total Liabilities 1,478,000USD us-gaap:Liabilities 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Cash 1,549,000USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Shares Outstanding 17,000,000 dei:EntityCommonStockSharesOutstanding 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
NCAV 123,000USD derived 2025-12-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.01USD derived 2025-12-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 65.0% derived 2025-12-31 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0002023796
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0002023796/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
2
Imported At
2026-08-15T12:52:00+00:00
Rendered At
2026-08-16T03:29:48+00:00

Run Audit

Mary Run
8f67c1da7de642feb640d04491409c50
Mary As Of
2026-07-25
Accession
0001493152-26-024947
CIK
0002023796
Mary Filing Date
2026-05-22
Filing Currency
USD
Internal Discount
65.0%
Source State
Needs Review
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=8f67c1da7de642feb640d04491409c50; mary_as_of=2026-07-25; mary_filing_date=2026-05-22; mary_accession=0001493152-26-024947; mary_cik=0002023796; gnni_supporting_filing_date=2026-05-15; internal_discount=0.649844; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.; source requires review

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