FANDIGO
ActiveSummary
FANDIGO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,891 and a net result of €5,891. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+13
Solvency76▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.38 in 2024; short-term debt: 49.3% and cash: 0.2% of total assets), and 49.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
4.3%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
40 d early
2023
12 d early
2022
25 d early
2021
31 d early
2020
19 d late
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€69,891▲ 9.2%
2024 · €64,001
Total assets
€137,907▼ 15.1%
2024 · €162,413
Net result
€5,891▲ 21.8%
2024 · €4,838
Working capital
€49,885▲ 31.7%
2024 · €37,865
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,654▲ 420%€4,608▼ 56.7%€2,185▼ 52.6%€7,150▲ 227%€13,337▲ 86.5%
Net result€12,528within the sector's middle half▲ 3,197%€2,604within the sector's middle half▼ 79.2%-€104below the sector's middle half€4,838within the sector's middle half€5,891within the sector's middle half▲ 21.8%
Equity€56,663within the sector's middle half▲ 28.4%€59,267within the sector's middle half▲ 4.6%€59,163within the sector's middle half▼ 0.2%€64,001within the sector's middle half▲ 8.2%€69,891within the sector's middle half▲ 9.2%
Total assets€116,949within the sector's middle half▼ 5.0%€133,052within the sector's middle half▲ 13.8%€134,550within the sector's middle half▲ 1.1%€162,413within the sector's middle half▲ 20.7%€137,907within the sector's middle half▼ 15.1%
Debt€60,286▼ 23.6%€73,785▲ 22.4%€75,387▲ 2.2%€98,413▲ 30.5%€68,016▼ 30.9%
Working capital€32,921within the sector's middle half▼ 25.1%€30,317within the sector's middle half▼ 7.9%€26,898within the sector's middle half▼ 11.3%€37,865within the sector's middle half▲ 40.8%€49,885within the sector's middle half▲ 31.7%
Solvency48.5%within the sector's middle half▲ 12.6pp44.5%within the sector's middle half▼ 3.9pp44.0%within the sector's middle half▼ 0.6pp39.4%within the sector's middle half▼ 4.6pp50.7%within the sector's middle half▲ 11.3pp
Current ratio1.55within the sector's middle half▼ 0.011.41within the sector's middle half▼ 0.141.36within the sector's middle half▼ 0.051.38within the sector's middle half▲ 0.031.73within the sector's middle half▲ 0.35
Return on assets (ROA)10.7%within the sector's middle half▲ 10.4pp2.0%within the sector's middle half▼ 8.8pp-0.1%below the sector's middle half▼ 2.0pp3.0%within the sector's middle half▲ 3.1pp4.3%within the sector's middle half▲ 1.3pp
Staff (FTE)3.9▼ 2.5%1.5▼ 61.5%1▼ 33.3%1=0.8▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 87% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137,907
Fixed assets
€20,006 ▼ 23.5%
Current assets
€117,901 ▼ 13.5%
Equity and liabilities €137,907
Equity
€69,891 ▲ 9.2%
Debt
€68,016 ▼ 30.9%
Debt's share of the balance-sheet total falls from 60.6% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,466▲
2024 · €13,279
Cash flow
€12,020▲
2024 · €10,967
Quick ratio
1.36▲
2024 · 1.11
Debt to equity
0.97▼
2024 · 1.54
ROE
8.4%▲
2024 · 7.6%
Interest coverage
8.64▲
2024 · 4.60
Debt ≤ 1 year
€68,016▼
2024 · €98,413
Income taxes
€4,009▲
2024 · €834
Staff costs
€71,046▼
2024 · €106,523
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 10,905 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,910 | €352 | €359 | - | €114 | - |
| Remuneration, social security and pensions62 | €209,754 | €115,455 | €88,090 | €106,523 | €71,046 | ▼ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,554 | €3,634 | €4,936 | €6,129 | €6,129 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €635 | - | - | - | - | - |
| Other operating charges640/8 | €688 | €544 | - | €126 | €258 | ▲ 105% |
| Non-recurring operating charges66A | €517 | €185 | €316 | €715 | €1,715 | ▲ 140% |
| Gross operating margin9900 | €223,801 | €124,426 | €95,526 | €120,644 | €92,484 | ▼ 23.3% |
| Operating profit (loss)9901 | €10,654 | €4,608 | €2,185 | €7,150 | €13,337 | ▲ 86.5% |
| Financial income75/76B | €5,250 | - | - | €2,081 | €669 | ▼ 67.9% |
| Recurring financial income75 | €5,250 | - | - | €2,081 | €669 | ▼ 67.9% |
| Financial charges65/66B | €2,812 | €1,771 | €2,125 | €3,560 | €4,105 | ▲ 15.3% |
| Recurring financial charges65 | €2,159 | €1,771 | €2,125 | €2,890 | €2,254 | ▼ 22.0% |
| Non-recurring financial charges66B | €653 | - | - | €670 | €1,852 | ▲ 176% |
| Profit (loss) for the period before taxes9903 | €13,092 | €2,837 | €60 | €5,672 | €9,900 | ▲ 74.6% |
| Income taxes67/77 | €565 | €233 | €164 | €834 | €4,009 | ▲ 381% |
| Profit (loss) for the period9904 | €12,528 | €2,604 | -€104 | €4,838 | €5,891 | ▲ 21.8% |
| Profit (loss) for the period to be appropriated9905 | €12,528 | €2,604 | -€104 | €4,838 | €5,891 | ▲ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,949 | €133,052 | €134,550 | €162,413 | €137,907 | ▼ 15.1% |
| Fixed assets21/28 | €24,084 | €28,950 | €32,265 | €26,135 | €20,006 | ▼ 23.5% |
| Tangible fixed assets22/27 | €24,084 | €28,950 | €32,265 | €26,135 | €20,006 | ▼ 23.5% |
| Plant, machinery and equipment23 | €24,084 | €28,950 | €24,471 | €19,992 | €15,513 | ▼ 22.4% |
| Furniture and vehicles24 | - | - | €7,793 | €6,143 | €4,493 | ▼ 26.9% |
| Current assets29/58 | €92,865 | €104,102 | €102,286 | €136,278 | €117,901 | ▼ 13.5% |
| Amounts receivable after more than one year29 | - | €45,531 | €45,531 | €42,812 | €38,812 | ▼ 9.3% |
| Other amounts receivable291 | - | €45,531 | €45,531 | €42,812 | €38,812 | ▼ 9.3% |
| Stocks and contracts in progress3 | €29,118 | €30,766 | €26,774 | €26,774 | €25,738 | ▼ 3.9% |
| Stocks30/36 | €29,118 | €30,766 | €26,774 | €26,774 | €25,738 | ▼ 3.9% |
| Amounts receivable within one year40/41 | €62,428 | €27,743 | €29,835 | €66,655 | €53,109 | ▼ 20.3% |
| Trade receivables40 | €34,064 | €27,743 | €19,151 | €36,366 | €30,175 | ▼ 17.0% |
| Other amounts receivable41 | €28,364 | - | €10,684 | €30,288 | €22,934 | ▼ 24.3% |
| Cash at bank and in hand54/58 | €1,047 | €62 | €146 | €37 | €242 | ▲ 557% |
| Deferred charges and accrued income490/1 | €271 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,949 | €133,052 | €134,550 | €162,413 | €137,907 | ▼ 15.1% |
| Equity10/15 | €56,663 | €59,267 | €59,163 | €64,001 | €69,891 | ▲ 9.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €38,063 | €38,063 | €40,563 | €45,401 | €51,291 | ▲ 13.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €36,203 | €36,203 | €40,563 | €45,401 | €51,291 | ▲ 13.0% |
| Profit (loss) carried forward14 | - | €2,604 | - | - | - | - |
| Amounts payable17/49 | €60,286 | €73,785 | €75,387 | €98,413 | €68,016 | ▼ 30.9% |
| Amounts payable within one year42/48 | €59,944 | €73,785 | €75,387 | €98,413 | €68,016 | ▼ 30.9% |
| Current portion of amounts payable after more than one year42 | - | - | €545 | €923 | - | - |
| Financial debts43 | - | €9,073 | €9,600 | €7,812 | €13,017 | ▲ 66.6% |
| Credit institutions430/8 | - | €9,073 | €9,600 | €7,812 | €13,017 | ▲ 66.6% |
| Trade debts44 | €24,432 | €13,889 | €2,101 | €36,364 | €24,108 | ▼ 33.7% |
| Suppliers440/4 | €24,432 | €13,889 | €2,101 | €36,364 | €24,108 | ▼ 33.7% |
| Taxes, remuneration and social security45 | €17,971 | €23,781 | €40,600 | €30,772 | €8,144 | ▼ 73.5% |
| Taxes450/3 | €9,346 | €14,001 | €30,407 | €18,342 | €8,144 | ▼ 55.6% |
| Remuneration and social security454/9 | €8,625 | €9,781 | €10,193 | €12,429 | - | - |
| Other amounts payable47/48 | €17,542 | €27,042 | €22,542 | €22,542 | €22,747 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | €342 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,528 | €2,604 | -€104 | €4,838 | €5,891 | ▲ 21.8% |
| + Depreciation and write-downs630 | €1,554 | €3,634 | €4,936 | €6,129 | €6,129 | = |
| Operating cash flow (approximation) | €14,081 | €6,238 | €4,832 | €10,967 | €12,020 | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | -€8,500 | -€8,250 | €0 | €0 | - |
| Change in cash | - | -€985 | €84 | -€109 | €205 | ▲ 289% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,838
Net result €4,838 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €12,528 ▲3,197%
Net result €12,528, the highest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8,844
Net result €8,844 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, La Louvière · 1 establishment unit since 2015
Ground area
2,610 m²
Building footprint
275 m²
Volume, LiDAR
1,804 m³
Parcel 55042A0624/00H000, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FANDIGO
since 20152.247.163.168
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55042A0624/00H000 | Wallonia | 2,610 m² | 1 · 275 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,764 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
62200Computer consultancy and computer facilities management
46140Agents in the wholesale of industrial machinery, ships and aircraft
47400Retail sale of information and communication equipment
61200Telecommunications resale and intermediation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0642656771
Also
9925:BE0642656771
Registered
02-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.