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DIRECT FIX

Active
Private limited companyfounded 2024active for 2 yearsHoldestraat 79, 8700 Tielt, BelgiumKBO/BCE: BE 1012.425.127
Summary

The computed 12-month bankruptcy probability of DIRECT FIX is 3.4% (moderate). The 2024 annual accounts show equity of €4,023 and a net result of €2,023. Its solvency ranks better than 38% of 3,514 sector peers (NACE 95, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (29 days) Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00484804.

Equity
€4,023
Total assets
€16,080
Net result
€2,023
Working capital
-€2,665

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €16,080
Fixed assets €6,688
Current assets €9,392
Equity and liabilities €16,080
Equity €4,023
Debt €12,058
Debt finances 75.0% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€2,574
Cash flow
€2,585
Current ratio
0.78
Debt to equity
3.00
ROE
50.3%
ROA
12.6%
Interest coverage
87.38
Debt ≤ 1 year
€12,058
Staff costs
€6,512

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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 · 2024 · 31 lines
Balance sheet Code2024
Assets
Total assets20/58€16,080
Fixed assets21/28€6,688
Tangible fixed assets22/27€6,688
Furniture and vehicles24€6,688
Current assets29/58€9,392
Amounts receivable within one year40/41€5,540
Other amounts receivable41€5,540
Cash at bank and in hand54/58€3,852
Equity and liabilities
Total equity and liabilities10/49€16,080
Equity10/15€4,023
Contributions10/11€2,000
Profit (loss) carried forward14€2,023
Amounts payable17/49€12,058
Amounts payable within one year42/48€12,058
Trade debts44€4,091
Suppliers440/4€4,091
Taxes, remuneration and social security45€7,967
Taxes450/3€5,137
Remuneration and social security454/9€2,829
Income statement Code2024
Remuneration, social security and pensions62€6,512
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€562
Gross operating margin9900€9,086
Operating profit (loss)9901€2,012
Financial income75/76B€40
Recurring financial income75€40
Financial charges65/66B€29
Recurring financial charges65€29
Profit (loss) for the period before taxes9903€2,023
Profit (loss) for the period9904€2,023
Profit (loss) for the period to be appropriated9905€2,023
Appropriation of the result
Profit (loss) to be appropriated9906€2,023

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€6,512
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€562
Gross operating margin9900€9,086
Operating profit (loss)9901€2,012
Financial income75/76B€40
Recurring financial income75€40
Financial charges65/66B€29
Recurring financial charges65€29
Profit (loss) for the period before taxes9903€2,023
Profit (loss) for the period9904€2,023
Profit (loss) for the period to be appropriated9905€2,023
Line2024
Assets
Total assets20/58€16,080
Fixed assets21/28€6,688
Tangible fixed assets22/27€6,688
Furniture and vehicles24€6,688
Current assets29/58€9,392
Amounts receivable within one year40/41€5,540
Other amounts receivable41€5,540
Cash at bank and in hand54/58€3,852
Equity and liabilities
Total equity and liabilities10/49€16,080
Equity10/15€4,023
Contributions10/11€2,000
Profit (loss) carried forward14€2,023
Amounts payable17/49€12,058
Amounts payable within one year42/48€12,058
Trade debts44€4,091
Suppliers440/4€4,091
Taxes, remuneration and social security45€7,967
Taxes450/3€5,137
Remuneration and social security454/9€2,829
Line2024
Profit (loss) for the period9904€2,023
+ Depreciation and write-downs630€562
Operating cash flow (approximation)€2,585

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

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 29-08-2025 2025-00484804

Similar companies · same sector, comparable size

Of the 338 active companies whose main activity is repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95220), figures are known for 91. 37 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.