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CONFISEL

Active
Public limited companyfounded 199630 yrs activeUitbergsestraat 45, 9270 Laarne, BelgiumKBO/BCE: BE 0458.717.156
Summary

The annual accounts of CONFISEL for fiscal year 2025 show a net loss of 58% of total assets. The 2025 annual accounts show equity of €5.7m and a net result of -€3.9m. Equity remains stable across the filed fiscal years (±1.1% per year). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
59 / 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+30
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 9.57; short-term debt: 3.4% and cash: 2% of total assets), and 16.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
83.7%
Return on assets
-57.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 d early
2024
29 d early
2023
13 d early
2022
5 d early
2021
30 d late
2020
31 d late
2019
88 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 11 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 September 1996, CONFISEL was incorporated.1 Total assets went from EUR 7.5 million in 2018 to EUR 6.8 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€5.7m▼ 30.6%
2024 · €8.2m
Total assets
€6.8m▼ 17.3%
2024 · €8.2m
Net result
-€3.9m
2024 · €64,490
Working capital
€2.0m▼ 46.2%
2024 · €3.6m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€9,138▲ 2.3%€87,835-€8,914-€11,123▼ 24.8%€116,086
Net result€62,825▼ 18.2%€157,905▲ 151%€73,040▼ 53.7%€64,490▼ 11.7%-€3.9m
Equity€7.9m▲ 0.8%€8.0m▲ 2.0%€8.1m▲ 0.9%€8.2m▲ 0.8%€5.7m▼ 30.6%
Total assets€7.9m▲ 0.8%€8.1m▲ 2.0%€8.1m▲ 0.9%€8.2m▲ 0.8%€6.8m▼ 17.3%
Debt€9,844▲ 38.6%€11,655▲ 18.4%€13,517▲ 16.0%€17,214▲ 27.4%€412,577▲ 2,297%
Working capital€3.3m▼ 22.9%€3.5m▲ 4.8%€3.6m▲ 2.0%€3.6m▲ 1.8%€2.0m▼ 46.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4.0m-€2.0m€0Operating result 2021: -€9,138-€9,138Net result 2021: €62,825€62,825Operating result 2022: €87,835€87,835Net result 2022: €157,905€157,905Operating result 2023: -€8,914-€8,914Net result 2023: €73,040€73,040Operating result 2024: -€11,123-€11,123Net result 2024: €64,490€64,490Operating result 2025: €116,086€116,086Net result 2025: -€3.9m-€3.9m20212022202320242025-€4m-€2m€0Operating result 2023: -€8,914-€8,910Net result 2023: €73,040€73,000Operating result 2024: -€11,123-€11,100Net result 2024: €64,490€64,500Operating result 2025: €116,086€116,000Net result 2025: -€3.9m-€3.9m202320242025
The operating result returns to profit in 2025: €116,086 after a loss of €11,123 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.8m
Fixed assets €4.6m ▲ 1.0%
Current assets €2.2m ▼ 40.2%
Equity and liabilities €6.8m
Equity €5.7m ▼ 30.6%
Provisions €689,993
Debt €412,577 ▲ 2,297%
Debt's share of the balance-sheet total rises from 0.2% to 6.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€300,739▲
2024 · -€9,649
Cash flow
-€3.7m▼
2024 · €65,963
Current ratio
9.57
Debt to equity
0.07▲
2024 · 0.00
ROE
-68.7%▼
2024 · 0.8%
ROA
-57.5%▼
2024 · 0.8%
Interest coverage
20.90▲
2024 · -35.73
Debt ≤ 1 year
€227,554▲
2024 · €17,214
Debt > 1 year
€179,197
Income taxes
€54,776
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 147 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 92% are still going.

  • Medium-sized
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
  • without age
2.0% went bankrupt
5.4% stopped otherwise
92% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 147 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€8.2m€6.8m▼
Fixed assets21/28€4.6m€4.6m▲
Tangible fixed assets22/27€3,841€4.6m▲
Land and buildings22€2,183€4.5m▲
Plant, machinery and equipment23-€6,334
Furniture and vehicles24€1,658€56,704▲
Financial fixed assets28€4.6m€6,034▼
Current assets29/58€3.6m€2.2m▼
Amounts receivable within one year40/41€1.8m€317,209▼
Other amounts receivable41€1.8m€317,209▼
Current investments50/53€1.9m€1.7m▼
Cash at bank and in hand54/58€15,709€132,216▲
Deferred charges and accrued income490/1-€4,201
Equity and liabilities
Total equity and liabilities10/49€8.2m€6.8m▼
Equity10/15€8.2m€5.7m▼
Contributions10/11€100,000€100,000=
Capital10€100,000€100,000=
Issued capital100€100,000€100,000=
Reserves13€7.9m€9.3m▲
Non-distributable reserves130/1€10,000€10,000=
Legal reserve130€10,000€10,000=
Tax-exempt reserves132-€1.3m
Distributable reserves133€7.9m€7.9m=
Profit (loss) carried forward14€157,702-€3.7m▼
Provisions and deferred taxes16-€689,993
Deferred taxes168-€689,993
Amounts payable17/49€17,214€412,577▲
Amounts payable after more than one year17-€179,197
Financial debts170/4-€179,197
Amounts payable within one year42/48€17,214€227,554▲
Current portion of amounts payable after more than one year42-€173,703
Trade debts44-€932
Suppliers440/4-€932
Taxes, remuneration and social security45-€46,900
Taxes450/3-€45,000
Remuneration and social security454/9-€1,900
Other amounts payable47/48€17,214€6,018▼
Accrued charges and deferred income492/3-€5,826
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,474€184,653▲
Other operating charges640/8€2,997€49,211▲
Gross operating margin9900-€6,652€349,950▲
Operating profit (loss)9901-€11,123€116,086▲
Financial income75/76B€75,883€91,060▲
Recurring financial income75€75,883€91,060▲
Financial charges65/66B€270€4.1m▲
Recurring financial charges65€270€14,392▲
Non-recurring financial charges66B-€4.1m
Profit (loss) for the period before taxes9903€64,490-€3.9m▼
Transfer from deferred taxes780-€27,756
Income taxes67/77-€54,776
Profit (loss) for the period9904€64,490-€3.9m▼
Transfer from tax-exempt reserves789-€53,904
Profit (loss) for the period to be appropriated9905€64,490-€3.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906€157,702-€3.7m▼
Profit (loss) brought forward from the previous period14P€93,213€157,702▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€99,520----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€656€420€1,070€1,474€184,653▲ 12,430%
Other operating charges640/8€2,986€2,880€2,842€2,997€49,211▲ 1,542%
Gross operating margin9900-€5,496€91,134-€5,002-€6,652€349,950▲ 5,361%
Operating profit (loss)9901-€9,138€87,835-€8,914-€11,123€116,086▲ 1,144%
Financial income75/76B€72,161€74,319€82,237€75,883€91,060▲ 20.0%
Recurring financial income75€72,161€74,319€82,237€75,883€91,060▲ 20.0%
Financial charges65/66B€198€4,249€283€270€4.1m▲ 1,509,805%
Recurring financial charges65€198€4,249€283€270€14,392▲ 5,230%
Non-recurring financial charges66B----€4.1m-
Profit (loss) for the period before taxes9903€62,825€157,905€73,040€64,490-€3.9m▼ 6,101%
Transfer from deferred taxes780----€27,756-
Income taxes67/77----€54,776-
Profit (loss) for the period9904€62,825€157,905€73,040€64,490-€3.9m▼ 6,143%
Transfer from tax-exempt reserves789----€53,904-
Profit (loss) for the period to be appropriated9905€62,825€157,905€73,040€64,490-€3.8m▼ 6,060%
Line20212022202320242025Change
Assets
Total assets20/58€7.9m€8.1m€8.1m€8.2m€6.8m▼ 17.3%
Fixed assets21/28€4.6m€4.6m€4.6m€4.6m€4.6m▲ 1.0%
Tangible fixed assets22/27€1,534€1,114€3,094€3,841€4.6m▲ 119,488%
Land and buildings22---€2,183€4.5m▲ 207,425%
Plant, machinery and equipment23----€6,334-
Furniture and vehicles24€1,534€1,114€3,094€1,658€56,704▲ 3,320%
Financial fixed assets28€4.6m€4.6m€4.6m€4.6m€6,034▼ 99.9%
Current assets29/58€3.3m€3.5m€3.6m€3.6m€2.2m▼ 40.2%
Amounts receivable within one year40/41€1.5m€1.6m€1.7m€1.8m€317,209▼ 82.1%
Trade receivables40€5,316-----
Other amounts receivable41€1.5m€1.6m€1.7m€1.8m€317,209▼ 82.1%
Current investments50/53€1.8m€1.9m€1.9m€1.9m€1.7m▼ 6.8%
Cash at bank and in hand54/58€43,030€46,523€18,811€15,709€132,216▲ 742%
Deferred charges and accrued income490/1----€4,201-
Equity and liabilities
Total equity and liabilities10/49€7.9m€8.1m€8.1m€8.2m€6.8m▼ 17.3%
Equity10/15€7.9m€8.0m€8.1m€8.2m€5.7m▼ 30.6%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10€100,000€100,000€100,000€100,000€100,000=
Issued capital100€100,000€100,000€100,000€100,000€100,000=
Reserves13€7.9m€7.9m€7.9m€7.9m€9.3m▲ 16.9%
Non-distributable reserves130/1€10,000€10,000€10,000€10,000€10,000=
Legal reserve130€10,000€10,000€10,000€10,000€10,000=
Tax-exempt reserves132----€1.3m-
Distributable reserves133€7.9m€7.9m€7.9m€7.9m€7.9m=
Profit (loss) carried forward14-€137,732€20,173€93,213€157,702-€3.7m▼ 2,437%
Provisions and deferred taxes16----€689,993-
Deferred taxes168----€689,993-
Amounts payable17/49€9,844€11,655€13,517€17,214€412,577▲ 2,297%
Amounts payable after more than one year17----€179,197-
Financial debts170/4----€179,197-
Amounts payable within one year42/48€9,831€11,655€13,517€17,214€227,554▲ 1,222%
Current portion of amounts payable after more than one year42----€173,703-
Trade debts44--€37-€932-
Suppliers440/4--€37-€932-
Taxes, remuneration and social security45----€46,900-
Taxes450/3----€45,000-
Remuneration and social security454/9----€1,900-
Other amounts payable47/48€9,831€11,655€13,479€17,214€6,018▼ 65.0%
Accrued charges and deferred income492/3€13---€5,826-
Line20212022202320242025Change
Profit (loss) for the period9904€62,825€157,905€73,040€64,490-€3.9m▼ 6,143%
+ Depreciation and write-downs630€656€420€1,070€1,474€184,653▲ 12,430%
Operating cash flow (approximation)€63,481€158,325€74,109€65,963-€3.7m▼ 5,728%
Investment in fixed assets (approximation)-€0-€3,049-€2,220-€229,606▼ 10,241%
Change in cash-€3,492-€27,712-€3,102€116,507▲ 3,856%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€3.9m
Net result drops to -€3.9m, the lowest in the series.
02-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
27-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
31-12
Financial Back to profitnet €252,164
Net result €252,164 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Laarne · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
6,131 m²
Volume, LiDAR
1,508 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
CONFISEL
Voordestraat 34, 9230 WetterenNACE 7412401
since 19962.079.496.688
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42025A0468/00C000 Flanders 9,364 m² 1 · 5,821 m² -
42009C0199/00B003 Flanders 3,551 m² 1 · 310 m² 9.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

3 holdings

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 3

According to the 2024 annual accounts of CONFISEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

254900ZJ84CCIF9JUK77
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded02-09-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0458717156
Also 9925:BE0458717156
Registered 10-04-2026

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.