FIASCO B.D.
ActiveSummary
FIASCO B.D. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €289,396 and a net result of €34,822. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Specialised image, lighting and sound technical services
NACE 90393NACE 90023NACE 92313
1 site
How big
€522,402total assets 2025
- Equity
- €289,396
- Profit
- €34,822
Turnover not published (abridged schema)
Who decides
Accounts filed 18 d late0 of 3 deeds read
Why 86- Higher-failure-rate region+ Lower-failure-rate sector+ Long track record+ Lower-risk legal form+ Annual accounts: healthy financial profile+ Growing equityFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability77=
Solvency80▲+2
Growth46=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.1 in 2024; short-term debt: 44.6% and cash: 55.5% of total assets), and 44.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
55.4%
Return on assets
6.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €289,396
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
11 d late
2023
14 d late
2022
11 d late
2021
24 d late
2020
17 d late
2019
19 d late
← 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 16 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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. Usually files around 15 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2018net €34,822 ▲17.5%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €522,402Profit €34,822Solvency 55.4%Liquidity 1.33
Turnover
€36,320▼ 14.8%
2018 - 2021
Net result
€34,822▲ 17.5%
2018 - 2025
Equity
€289,396▲ 13.7%
2018 - 2025
Solvency
55.4%▲ 2.0pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€36,320▼ 14.8%
Operating result€26,010▼ 35.5%€12,361▼ 52.5%€11,778▼ 4.7%€42,898▲ 264%€52,001▲ 21.2%
Net result€17,196within the sector's middle half▼ 35.1%€11,212within the sector's middle half▼ 34.8%€2,507within the sector's middle half▼ 77.6%€29,623above the sector's middle half▲ 1,082%€34,822within the sector's middle half▲ 17.5%
EBIT margin71.6%▼ 23.0pp
Equity€436,232above the sector's middle half▲ 4.1%€447,444above the sector's middle half▲ 2.6%€224,951above the sector's middle half▼ 49.7%€254,574above the sector's middle half▲ 13.2%€289,396within the sector's middle half▲ 13.7%
Total assets€484,382above the sector's middle half▲ 9.2%€477,749above the sector's middle half▼ 1.4%€465,770above the sector's middle half▼ 2.5%€476,750above the sector's middle half▲ 2.4%€522,402within the sector's middle half▲ 9.6%
Debt€48,150▲ 96.5%€30,305▼ 37.1%€240,819▲ 695%€222,176▼ 7.7%€233,006▲ 4.9%
Working capital€189,552above the sector's middle half▲ 8.9%€198,027above the sector's middle half▲ 4.5%-€27,548below the sector's middle half€23,077within the sector's middle half€76,870within the sector's middle half▲ 233%
Solvency90.1%above the sector's middle half▼ 4.4pp93.7%above the sector's middle half▲ 3.6pp48.3%within the sector's middle half▼ 45.4pp53.4%within the sector's middle half▲ 5.1pp55.4%within the sector's middle half▲ 2.0pp
Current ratio5.82above the sector's middle half▼ 2.297.53above the sector's middle half▲ 1.720.89below the sector's middle half▼ 6.651.10within the sector's middle half▲ 0.221.33within the sector's middle half▲ 0.23
Return on assets (ROA)3.6%within the sector's middle half▼ 2.4pp2.3%within the sector's middle half▼ 1.2pp0.5%within the sector's middle half▼ 1.8pp6.2%within the sector's middle half▲ 5.7pp6.7%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €522,402
Fixed assets
€212,526 ▼ 8.2%
Current assets
€309,876 ▲ 26.3%
Equity and liabilities €522,402
Equity
€289,396 ▲ 13.7%
Debt
€233,006 ▲ 4.9%
Debt's share of the balance-sheet total falls from 46.6% to 44.6%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€75,365▲
2024 · €64,812
Cash flow
€58,186▲
2024 · €51,537
Debt to equity
0.81▼
2024 · 0.87
ROE
12.0%▲
2024 · 11.6%
Interest coverage
260.05▲
2024 · 173.83
Debt ≤ 1 year
€233,006▲
2024 · €222,176
Income taxes
€17,222▲
2024 · €13,033
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 20,134 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €36,320 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €54,284 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,932 | €23,479 | €21,881 | €21,914 | €23,364 | ▲ 6.6% |
| Other operating charges640/8 | €12,188 | €8,913 | €13,201 | €14,804 | €10,258 | ▼ 30.7% |
| Gross operating margin9900 | €59,130 | €44,753 | €46,860 | €79,616 | €85,622 | ▲ 7.5% |
| Operating profit (loss)9901 | €26,010 | €12,361 | €11,778 | €42,898 | €52,001 | ▲ 21.2% |
| Financial income75/76B | €717 | €714 | €7 | €131 | €333 | ▲ 154% |
| Recurring financial income75 | €717 | €714 | €7 | €131 | €333 | ▲ 154% |
| Financial charges65/66B | €556 | €452 | €525 | €373 | €290 | ▼ 22.3% |
| Recurring financial charges65 | €556 | €452 | €525 | €373 | €290 | ▼ 22.3% |
| Profit (loss) for the period before taxes9903 | €26,171 | €12,623 | €11,261 | €42,656 | €52,044 | ▲ 22.0% |
| Income taxes67/77 | €8,975 | €1,411 | €8,754 | €13,033 | €17,222 | ▲ 32.1% |
| Profit (loss) for the period9904 | €17,196 | €11,212 | €2,507 | €29,623 | €34,822 | ▲ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €17,196 | €11,212 | €2,507 | €29,623 | €34,822 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €484,382 | €477,749 | €465,770 | €476,750 | €522,402 | ▲ 9.6% |
| Fixed assets21/28 | €255,469 | €249,417 | €253,411 | €231,497 | €212,526 | ▼ 8.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €255,469 | €249,417 | €253,411 | €231,497 | €212,526 | ▼ 8.2% |
| Land and buildings22 | €255,469 | €248,054 | €252,565 | €231,168 | €212,526 | ▼ 8.1% |
| Plant, machinery and equipment23 | €0 | €1,363 | €846 | €329 | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Current assets29/58 | €228,913 | €228,332 | €212,358 | €245,253 | €309,876 | ▲ 26.3% |
| Amounts receivable within one year40/41 | €35,040 | €10,500 | €29,392 | €10,946 | €14,637 | ▲ 33.7% |
| Trade receivables40 | €4,262 | €4,445 | €22,035 | €9,404 | €13,506 | ▲ 43.6% |
| Other amounts receivable41 | €30,778 | €6,056 | €7,357 | €1,541 | €1,131 | ▼ 26.6% |
| Current investments50/53 | €3,925 | €3,925 | €3,925 | €3,925 | €3,925 | = |
| Cash at bank and in hand54/58 | €185,167 | €210,955 | €177,190 | €228,252 | €290,169 | ▲ 27.1% |
| Deferred charges and accrued income490/1 | €4,781 | €2,952 | €1,851 | €2,130 | €1,145 | ▼ 46.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €484,382 | €477,749 | €465,770 | €476,750 | €522,402 | ▲ 9.6% |
| Equity10/15 | €436,232 | €447,444 | €224,951 | €254,574 | €289,396 | ▲ 13.7% |
| Contributions10/11 | €287,000 | €287,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €287,000 | €287,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €287,000 | €287,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €68,758 | €79,970 | €82,476 | €112,100 | €144,922 | ▲ 29.3% |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | €65,659 | €76,871 | €79,378 | €109,001 | €141,823 | ▲ 30.1% |
| Profit (loss) carried forward14 | €80,474 | €80,474 | €80,474 | €80,474 | €82,474 | ▲ 2.5% |
| Amounts payable17/49 | €48,150 | €30,305 | €240,819 | €222,176 | €233,006 | ▲ 4.9% |
| Amounts payable after more than one year17 | €8,387 | - | - | - | - | - |
| Financial debts170/4 | €8,387 | - | - | - | - | - |
| Amounts payable within one year42/48 | €39,360 | €30,305 | €239,906 | €222,176 | €233,006 | ▲ 4.9% |
| Current portion of amounts payable after more than one year42 | €6,655 | €8,381 | €1,678 | - | - | - |
| Financial debts43 | €0 | - | - | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €22,602 | €13,800 | €13,437 | €13,205 | €13,907 | ▲ 5.3% |
| Suppliers440/4 | €22,602 | €13,800 | €13,437 | €13,205 | €13,907 | ▲ 5.3% |
| Taxes, remuneration and social security45 | €10,104 | €8,124 | €5,390 | €2,902 | €18,538 | ▲ 539% |
| Taxes450/3 | €10,104 | €8,124 | €5,390 | €2,902 | €18,538 | ▲ 539% |
| Other amounts payable47/48 | - | - | €219,402 | €206,070 | €200,561 | ▼ 2.7% |
| Accrued charges and deferred income492/3 | €403 | - | €913 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,196 | €11,212 | €2,507 | €29,623 | €34,822 | ▲ 17.5% |
| + Depreciation and write-downs630 | €20,932 | €23,479 | €21,881 | €21,914 | €23,364 | ▲ 6.6% |
| Operating cash flow (approximation) | €38,128 | €34,691 | €24,388 | €51,537 | €58,186 | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | -€17,427 | -€25,875 | €0 | -€4,393 | - |
| Change in cash | - | €25,788 | -€33,765 | €51,062 | €61,917 | ▲ 21.3% |
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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Of 3,393 companies in this sector we hold annual accounts for 943. 677 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
12 eventsLatest 18-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Highest result since 2018net €34,822 ▲17.5%
Operating result €52,001, net result €34,822, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet €2,507 ▼77.6%
Net result drops to €2,507, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
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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Company details
Public limited company · founded 30-05-1990Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded30-05-1990
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440794229
Also
9925:BE0440794229
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1990
Ground area
1,161 m²
Building footprint
337 m²
Volume, LiDAR
1,820 m³
2 parcels, Wallonia · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Homvent 116, 4020 Liège
since 1990unit no. 2.048.679.293
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62059C0296/00T031 | Wallonia | 733 m² | 1 · 230 m² | 5.7 m · 1 fl. |
| 62059C0772/00N000 | Wallonia | 428 m² | 1 · 107 m² | 12.4 m · 4 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.
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