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FABULIS

Active
Private limited companyfounded 2002active for 24 yearsAn der Baumschule 8, 4750 Bütgenbach, BelgiumKBO/BCE: BE 0477.927.413

From the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

FABULIS has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,661 and a net result of -€1,139. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 65% of 21,120 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

View at the NBB
Financial year ended
31-12-2025
Filed on
23-07-2026
Format
micro format
Reference
2026-00321651
Turnover
≈ €22,000
Estimated: probably between €11,000 and €43,000
Total assets
€39,423▼ 16.2%
2024 · €47,057
Net result
-€1,139▲ 37.5%
2024 · -€1,822
Working capital
€20,088▼ 7.8%
2024 · €21,797
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €767 in 2025 against €2,171 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€767 2025 Net result-€1,139 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€1,980-€1,337▼ 32.5%€17,574▲ 13×€4,013▼ 77.2%€8,451▲ 111%€449▼ 94.7%-€2,171-€767▲ 64.7%
Net result€1,794-€1,119▼ 37.7%€14,328within the sector's middle half▲ 13×€2,625below the sector's middle half▼ 81.7%€5,879within the sector's middle half▲ 124%€296below the sector's middle half▼ 95.0%-€1,822below the sector's middle half-€1,139below the sector's middle half▲ 37.5%
Equity€7,382-€8,500▲ 15.2%€22,828below the sector's middle half▲ 169%€25,453below the sector's middle half▲ 11.5%€31,327within the sector's middle half▲ 23.1%€31,623within the sector's middle half▲ 0.9%€29,800within the sector's middle half▼ 5.8%€28,661within the sector's middle half▼ 3.8%
Total assets€14,703-€16,159▲ 9.9%€29,020below the sector's middle half▲ 79.6%€33,742below the sector's middle half▲ 16.3%€37,823below the sector's middle half▲ 12.1%€38,703below the sector's middle half▲ 2.3%€47,057below the sector's middle half▲ 21.6%€39,423below the sector's middle half▼ 16.2%
Debt€7,321-€7,658▲ 4.6%€6,192▼ 19.1%€8,289▲ 33.9%€6,497▼ 21.6%€7,080▲ 9.0%€17,257▲ 144%€10,762▼ 37.6%
Working capital€5,138-€7,379▲ 43.6%€22,828within the sector's middle half▲ 209%€25,453within the sector's middle half▲ 11.5%€26,883within the sector's middle half▲ 5.6%€28,148within the sector's middle half▲ 4.7%€21,797within the sector's middle half▼ 22.6%€20,088within the sector's middle half▼ 7.8%
Solvency50.2%-52.6%▲ 2.4pp78.7%above the sector's middle half▲ 26.1pp75.4%within the sector's middle half▼ 3.2pp82.8%above the sector's middle half▲ 7.4pp81.7%above the sector's middle half▼ 1.1pp63.3%within the sector's middle half▼ 18.4pp72.7%within the sector's middle half▲ 9.4pp
Current ratio1.70-1.96▲ 0.264.69within the sector's middle half▲ 2.724.07within the sector's middle half▼ 0.625.14above the sector's middle half▲ 1.074.98above the sector's middle half▼ 0.163.99within the sector's middle half▼ 0.995.17above the sector's middle half▲ 1.19
Return on assets (ROA)12.2%-6.9%▼ 5.3pp49.4%above the sector's middle half▲ 42.4pp7.8%within the sector's middle half▼ 41.6pp15.5%within the sector's middle half▲ 7.8pp0.8%below the sector's middle half▼ 14.8pp-3.9%below the sector's middle half▼ 4.6pp-2.9%below the sector's middle half▲ 1.0pp
above within below the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,423
Fixed assets €14,520 ▼ 19.1%
Current assets €24,903 ▼ 14.4%
Equity and liabilities €39,423
Equity €28,661 ▼ 3.8%
Debt €10,762 ▼ 37.6%
Debt's share of the balance-sheet total falls from 36.7% to 27.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,202▲
2024 · €1,191
Cash flow
€3,830▲
2024 · €1,540
Debt to equity
0.38▼
2024 · 0.58
ROE
-4.0%▲
2024 · -6.1%
Interest coverage
6.07▲
2024 · 1.49
Debt ≤ 1 year
€4,815▼
2024 · €7,301
Debt > 1 year
€5,947▼
2024 · €9,956
Income taxes
€8
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90.3% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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 12,322 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 · 39 lines

Source: Annual accounts 2025 at the NBB, filed with the National Bank on 23-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€47,057€39,423▼
Fixed assets21/28€17,959€14,520▼
Tangible fixed assets22/27€17,959€14,520▼
Furniture and vehicles24€17,959€14,520▼
Current assets29/58€29,098€24,903▼
Amounts receivable within one year40/41€25,527€20,002▼
Trade receivables40€18,951€14,486▼
Other amounts receivable41€6,576€5,516▼
Cash at bank and in hand54/58€3,483€4,901▲
Deferred charges and accrued income490/1€87-
Equity and liabilities
Total equity and liabilities10/49€47,057€39,423▼
Equity10/15€29,800€28,661▼
Contributions10/11€20,451€20,451=
Reserves13€5,131€5,131=
Tax-exempt reserves132€131€131=
Distributable reserves133€5,000€5,000=
Profit (loss) carried forward14€4,218€3,079▼
Amounts payable17/49€17,257€10,762▼
Amounts payable after more than one year17€9,956€5,947▼
Financial debts170/4€9,956€5,947▼
Amounts payable within one year42/48€7,301€4,815▼
Current portion of amounts payable after more than one year42€3,860€4,009▲
Trade debts44€3,274-
Suppliers440/4€3,274-
Taxes, remuneration and social security45€167€806▲
Taxes450/3€167€806▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,362€4,969▲
Gross operating margin9900€1,191€4,202▲
Operating profit (loss)9901-€2,171-€767▲
Financial income75/76B€1,147€328▼
Recurring financial income75€1,147€328▼
Financial charges65/66B€799€692▼
Recurring financial charges65€799€692▼
Profit (loss) for the period before taxes9903-€1,822-€1,131▲
Income taxes67/77-€8
Profit (loss) for the period9904-€1,822-€1,139▲
Profit (loss) for the period to be appropriated9905-€1,822-€1,139▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,218€3,079▼
Profit (loss) brought forward from the previous period14P€6,040€4,218▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the accounts filed with the National Bank.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,122€1,122€1,122-€399€968€3,362€4,969▲ 47.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€4,957----
Other operating charges640/8----€85----
Gross operating margin9900€3,101€2,459€18,696€4,013€13,892€1,418€1,191€4,202▲ 253%
Operating profit (loss)9901€1,980€1,337€17,574€4,013€8,451€449-€2,171-€767▲ 64.7%
Financial income75/76B----€16€186€1,147€328▼ 71.4%
Recurring financial income75-€9--€16€186€1,147€328▼ 71.4%
Financial charges65/66B---€259€165€164€799€692▼ 13.3%
Recurring financial charges65€185€228€213€259€165€164€799€692▼ 13.3%
Profit (loss) for the period before taxes9903€1,794€1,119€17,361€3,754€8,303€471-€1,822-€1,131▲ 37.9%
Income taxes67/77--€3,033€1,130€2,424€175-€8-
Profit (loss) for the period9904€1,794€1,119€14,328€2,625€5,879€296-€1,822-€1,139▲ 37.5%
Profit (loss) for the period to be appropriated9905€1,794€1,119€14,328€2,625€5,879€296-€1,822-€1,139▲ 37.5%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€14,703€16,159€29,020€33,742€37,823€38,703€47,057€39,423▼ 16.2%
Fixed assets21/28€2,243€1,122--€4,443€3,475€17,959€14,520▼ 19.1%
Tangible fixed assets22/27€2,243€1,122--€4,443€3,475€17,959€14,520▼ 19.1%
Furniture and vehicles24----€4,443€3,475€17,959€14,520▼ 19.1%
Current assets29/58€12,460€15,037€29,020€33,742€33,380€35,228€29,098€24,903▼ 14.4%
Amounts receivable within one year40/41€12,021€6,711€20,736€20,630€11,879€26,884€25,527€20,002▼ 21.6%
Trade receivables40---€20,630€11,879€18,080€18,951€14,486▼ 23.6%
Other amounts receivable41-----€8,805€6,576€5,516▼ 16.1%
Cash at bank and in hand54/58€439€8,326€8,285€13,112€21,501€8,344€3,483€4,901▲ 40.7%
Deferred charges and accrued income490/1------€87--
Equity and liabilities
Total equity and liabilities10/49€14,703€16,159€29,020€33,742€37,823€38,703€47,057€39,423▼ 16.2%
Equity10/15€7,382€8,500€22,828€25,453€31,327€31,623€29,800€28,661▼ 3.8%
Contributions10/11€18,592€18,592-€18,592€18,592€20,451€20,451€20,451=
Reserves13€1,990€1,990€1,990€1,990€6,990€5,131€5,131€5,131=
Non-distributable reserves130/1---€1,859€1,859----
Reserves not available under the articles1311---€1,859€1,859----
Tax-exempt reserves132---€131€131€131€131€131=
Distributable reserves133----€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14-€13,200-€12,082€2,246€4,871€5,744€6,040€4,218€3,079▼ 27.0%
Amounts payable17/49€7,321€7,658€6,192€8,289€6,497€7,080€17,257€10,762▼ 37.6%
Amounts payable after more than one year17------€9,956€5,947▼ 40.3%
Financial debts170/4------€9,956€5,947▼ 40.3%
Amounts payable within one year42/48€7,321€7,658€6,192€8,289€6,497€7,080€7,301€4,815▼ 34.0%
Current portion of amounts payable after more than one year42------€3,860€4,009▲ 3.9%
Trade debts44€1,016€334€203€123€168-€3,274--
Suppliers440/4---€123€168-€3,274--
Taxes, remuneration and social security45---€8,166€6,280€7,040€167€806▲ 382%
Taxes450/3---€8,166€6,280€7,040€167€806▲ 382%
Other amounts payable47/48----€48€41---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1,794€1,119€14,328€2,625€5,879€296-€1,822-€1,139▲ 37.5%
+ Depreciation and write-downs630€1,122€1,122€1,122-€399€968€3,362€4,969▲ 47.8%
Operating cash flow (approximation)€2,916€2,240€15,449€2,625€6,278€1,265€1,540€3,830▲ 149%
Investment in fixed assets (approximation)-€0---€0-€17,846-€1,530▲ 91.4%
Change in cash-€7,888-€42€4,827€8,389-€13,157-€4,861€1,418-

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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Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 23-07-2026 2026-00321651 NBB
31-12-2024 micro format 25-07-2025 2025-00308752 PDF
31-12-2023 micro format 19-07-2024 2024-00264562 PDF
31-12-2022 micro format 18-07-2023 2023-00246003 PDF
31-12-2021 micro format 18-07-2022 2022-20195414 PDF
31-12-2020 micro format 19-07-2021 2021-37500175 PDF
31-12-2019 micro format 20-07-2020 2020-32000118 PDF
31-12-2018 micro format 18-07-2019 2019-34300485 PDF
31-12-2017 micro format 14-07-2018 2018-33700528 PDF
31-12-2016 micro format 19-07-2017 2017-33400473 PDF

Show all 23 filings

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