FIBEL
ActiveSummary
FIBEL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499,838 and a net result of €31,964. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 54% of 13085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-1
Solvency86▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.17 in 2024; short-term debt: 9.2% and cash: 6.7% of total assets), and 39.3% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
60.7%
Return on assets
3.9%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
14 d early
2023
28 d early
2022
47 d late
2021
12 d late
2020
3 d early
2019
28 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 6 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 29 July (4 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€499,838▲ 6.8%
2024 · €467,874
Total assets
€824,084▼ 4.5%
2024 · €862,680
Net result
€31,964▼ 20.7%
2024 · €40,319
Working capital
€622▼ 97.1%
2024 · €21,163
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 69, Legal and accounting 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
Operating result€171,321▲ 53.2%€229,089▲ 33.7%€46,113▼ 79.9%€71,329▲ 54.7%€60,539▼ 15.1%
Net result€106,291above the sector's middle half▲ 55.7%€154,981above the sector's middle half▲ 45.8%€22,762within the sector's middle half▼ 85.3%€40,319within the sector's middle half▲ 77.1%€31,964within the sector's middle half▼ 20.7%
Equity€615,059above the sector's middle half▲ 18.8%€762,040above the sector's middle half▲ 23.9%€506,702above the sector's middle half▼ 33.5%€467,874above the sector's middle half▼ 7.7%€499,838above the sector's middle half▲ 6.8%
Total assets€672,278above the sector's middle half▼ 39.5%€780,499above the sector's middle half▲ 16.1%€837,616above the sector's middle half▲ 7.3%€862,680above the sector's middle half▲ 3.0%€824,084above the sector's middle half▼ 4.5%
Debt€57,219▼ 90.4%€18,459▼ 67.7%€330,914▲ 1,693%€394,806▲ 19.3%€324,246▼ 17.9%
Working capital€292,043above the sector's middle half€690,536above the sector's middle half▲ 136%€78,001within the sector's middle half▼ 88.7%€21,163within the sector's middle half▼ 72.9%€622below the sector's middle half▼ 97.1%
Solvency91.5%above the sector's middle half▲ 44.9pp97.6%above the sector's middle half▲ 6.1pp60.5%within the sector's middle half▼ 37.1pp54.2%within the sector's middle half▼ 6.3pp60.7%within the sector's middle half▲ 6.4pp
Current ratio6.18above the sector's middle half▲ 5.5738.41above the sector's middle half▲ 32.233.15within the sector's middle half▼ 35.261.17below the sector's middle half▼ 1.971.01below the sector's middle half▼ 0.16
Return on assets (ROA)15.8%within the sector's middle half▲ 9.7pp19.9%within the sector's middle half▲ 4.0pp2.7%below the sector's middle half▼ 17.1pp4.7%below the sector's middle half▲ 2.0pp3.9%below the sector's middle half▼ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €824,084
Fixed assets
€747,617 ▲ 4.0%
Current assets
€76,467 ▼ 46.9%
Equity and liabilities €824,084
Equity
€499,838 ▲ 6.8%
Debt
€324,246 ▼ 17.9%
Debt's share of the balance-sheet total falls from 45.8% to 39.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,607▼
2024 · €93,350
Cash flow
€60,032▼
2024 · €62,341
Debt to equity
0.65▼
2024 · 0.84
ROE
6.4%▼
2024 · 8.6%
Interest coverage
6.89▲
2024 · 6.73
Debt ≤ 1 year
€75,844▼
2024 · €122,842
Debt > 1 year
€248,402▼
2024 · €271,964
Income taxes
€16,756▼
2024 · €19,101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% 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 497,341 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 14,732 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,022 | €3,604 | €16,188 | €22,022 | €28,069 | ▲ 27.5% |
| Other operating charges640/8 | €9,335 | €5,252 | €6,689 | €9,021 | €7,326 | ▼ 18.8% |
| Gross operating margin9900 | €190,678 | €237,946 | €68,990 | €102,371 | €95,934 | ▼ 6.3% |
| Operating profit (loss)9901 | €171,321 | €229,089 | €46,113 | €71,329 | €60,539 | ▼ 15.1% |
| Financial income75/76B | - | - | - | €1,964 | €1,041 | ▼ 47.0% |
| Recurring financial income75 | - | - | - | €1,964 | €1,041 | ▼ 47.0% |
| Financial charges65/66B | €14,242 | €1,441 | €10,692 | €13,872 | €12,860 | ▼ 7.3% |
| Recurring financial charges65 | €14,242 | €1,441 | €10,692 | €13,872 | €12,860 | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | €157,079 | €227,649 | €35,421 | €59,420 | €48,719 | ▼ 18.0% |
| Income taxes67/77 | €50,787 | €72,667 | €12,659 | €19,101 | €16,756 | ▼ 12.3% |
| Profit (loss) for the period9904 | €106,291 | €154,981 | €22,762 | €40,319 | €31,964 | ▼ 20.7% |
| Profit (loss) for the period to be appropriated9905 | €106,291 | €154,981 | €22,762 | €40,319 | €31,964 | ▼ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €672,278 | €780,499 | €837,616 | €862,680 | €824,084 | ▼ 4.5% |
| Fixed assets21/28 | €323,821 | €71,504 | €723,263 | €718,675 | €747,617 | ▲ 4.0% |
| Tangible fixed assets22/27 | €323,090 | €70,772 | €722,531 | €717,944 | €747,549 | ▲ 4.1% |
| Land and buildings22 | €310,169 | €51,202 | €706,389 | €688,317 | €670,244 | ▼ 2.6% |
| Plant, machinery and equipment23 | €10,961 | €11,945 | €9,694 | €24,357 | €43,216 | ▲ 77.4% |
| Furniture and vehicles24 | - | €5,825 | €4,648 | €3,470 | €19,993 | ▲ 476% |
| Other tangible fixed assets26 | €1,959 | €1,800 | €1,800 | €1,800 | €14,096 | ▲ 683% |
| Financial fixed assets28 | €731 | €731 | €731 | €731 | €69 | ▼ 90.6% |
| Current assets29/58 | €348,457 | €708,995 | €114,354 | €144,005 | €76,467 | ▼ 46.9% |
| Amounts receivable within one year40/41 | €7,750 | €10,260 | €9,266 | €15,942 | €19,576 | ▲ 22.8% |
| Trade receivables40 | €7,750 | €10,260 | €9,266 | €15,942 | €19,576 | ▲ 22.8% |
| Cash at bank and in hand54/58 | €340,257 | €698,735 | €103,534 | €127,602 | €54,826 | ▼ 57.0% |
| Deferred charges and accrued income490/1 | €450 | - | €1,554 | €460 | €2,066 | ▲ 349% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €672,278 | €780,499 | €837,616 | €862,680 | €824,084 | ▼ 4.5% |
| Equity10/15 | €615,059 | €762,040 | €506,702 | €467,874 | €499,838 | ▲ 6.8% |
| Contributions10/11 | €302,892 | €302,892 | €24,792 | €24,792 | €24,792 | = |
| Reserves13 | €312,167 | €459,148 | €481,910 | €443,082 | €475,046 | ▲ 7.2% |
| Non-distributable reserves130/1 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Reserves not available under the articles1311 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Distributable reserves133 | €308,449 | €455,430 | €478,192 | €439,364 | €471,327 | ▲ 7.3% |
| Amounts payable17/49 | €57,219 | €18,459 | €330,914 | €394,806 | €324,246 | ▼ 17.9% |
| Amounts payable after more than one year17 | - | - | €294,561 | €271,964 | €248,402 | ▼ 8.7% |
| Financial debts170/4 | - | - | €294,561 | €271,964 | €248,402 | ▼ 8.7% |
| Amounts payable within one year42/48 | €56,414 | €18,459 | €36,353 | €122,842 | €75,844 | ▼ 38.3% |
| Current portion of amounts payable after more than one year42 | - | - | €21,672 | €22,598 | €23,562 | ▲ 4.3% |
| Trade debts44 | €2,383 | €5,831 | €11,583 | €9,908 | €1,172 | ▼ 88.2% |
| Suppliers440/4 | €2,383 | €5,831 | €11,583 | €9,908 | €1,172 | ▼ 88.2% |
| Taxes, remuneration and social security45 | €43,223 | €5,784 | €2,842 | €24,030 | €22,738 | ▼ 5.4% |
| Taxes450/3 | €43,223 | €5,784 | €2,842 | €24,030 | €22,738 | ▼ 5.4% |
| Other amounts payable47/48 | €10,808 | €6,844 | €256 | €66,306 | €28,373 | ▼ 57.2% |
| Accrued charges and deferred income492/3 | €805 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,291 | €154,981 | €22,762 | €40,319 | €31,964 | ▼ 20.7% |
| + Depreciation and write-downs630 | €10,022 | €3,604 | €16,188 | €22,022 | €28,069 | ▲ 27.5% |
| Operating cash flow (approximation) | €116,313 | €158,586 | €38,949 | €62,341 | €60,032 | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | €248,713 | -€667,946 | -€17,434 | -€57,010 | ▼ 227% |
| Change in cash | - | €358,479 | -€595,201 | €24,068 | -€72,777 | ▼ 402% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €22,762 ▼85.3%
Net result drops to €22,762, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 47 days late
2022
31-12
Financial
Highest result since 2018net €154,981 ▲45.8%
Operating result €229,089, net result €154,981, both a record.
31-12
Financial
Liquidity times 6current ratio 38.41
Current ratio from 6.18 to 38.41; short-term debt falls from €56,414 to €18,459.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Liquidity times 10current ratio 6.18
Current ratio from 0.61 to 6.18; short-term debt falls from €120,064 to €56,414.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €517,768 ▲14.7%
3 profitable years in a row build equity to €517,768.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Show earlier events
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
05-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Affligem · 1 establishment unit since 1997
Ground area
848 m²
Building footprint
213 m²
Volume, LiDAR
1,152 m³
Parcel 23030C0165/00M005, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FIBEL
since 19972.082.855.363
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030C0165/00M005 | Flanders | 848 m² | 1 · 213 m² | 8.7 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.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,801 EUR awarded · 1,801 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,068 EUR | 1,068 EUR |
| 2024 | 1 | 227 EUR | 227 EUR |
| 2023 | 1 | 294 EUR | 294 EUR |
| 2022 | 1 | 212 EUR | 212 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600F3CLKRS747Z203
Similar companies · same sector, comparable size
Vanpraet Accountancy
BE 0838.360.211
Middelkerke · Eq €499,965
TRAXUS
BE 0879.223.737
Grimbergen · Eq €500,148
VERKAFISK
BE 0877.081.918
Tielt · Eq €499,383
D'Haeyere RCS
BE 0872.720.678
Izegem · Eq €499,250
Business Analysis Services and Finance
BE 0686.570.255
Grimbergen · Eq €500,566
Of 12,173 companies in this sector we hold annual accounts for 7,643. 5,497 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461175513
Also
9925:BE0461175513
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.