FIBEL
ActiveFIBEL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349k and a net result of €140k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 11.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
88.4%
Return on assets
35.4%
Age of the figures
8 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
41 d early
2022
32 d early
2021
31 d late
2020
31 d late
2019
10 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€349k▼ 37.6%
2024 · €559k
2018: €560k
2019: €605k
2020: €635k
2021: €718k
2022: €751k
2023: €774k
2024: €559k
2018 → 2025
Total assets
€394k▼ 42.5%
2024 · €686k
2018: €750k
2019: €823k
2020: €841k
2021: €851k
2022: €834k
2023: €878k
2024: €686k
2018 → 2025
Net result
€140k▲ 47.5%
2024 · €95k
2018: €262k
2019: €45k
2020: €30k
2021: €70k
2022: €33k
2023: €23k
2024: €95k
2018 → 2025
Working capital
€94k▼ 66.8%
2024 · €282k
2018: €327k
2019: €380k
2020: €368k
2021: €467k
2022: €474k
2023: €530k
2024: €282k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€718k-€751k▲ 4.6%€774k▲ 3.1%€559k▼ 27.8%€349k▼ 37.6%
Operating result€103k-€53k▼ 48.9%€39k▼ 25.9%€117k▲ 201%€185k▲ 57.9%
Net result€70k-€33k▼ 52.9%€23k▼ 29.4%€95k▲ 308%€140k▲ 47.5%
Turnover and EBIT margin not published: the abbreviated or 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 58% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €394k
Fixed assets
€301k▼ 8.8%
Current assets
€94k▼ 73.7%
Equity and liabilities €394k
Equity
€349k▼ 37.6%
Provisions
€46k▼ 11.0%
Debt
€21▼ 100.0%
The debt ratio falls from 11.0% to 0.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€214k▲
2024 · €146k
Cash flow
€168k▲
2024 · €123k
Solvency
88.4%▲
2024 · 81.5%
Debt / equity
0.00▼
2024 · 0.13
ROE
40.0%▲
2024 · 16.9%
ROA
35.4%▲
2024 · 13.8%
Interest coverage
1139.98▲
2024 · 71.42
Debt
€21▼
2024 · €75k
Debt ≤ 1 year
€21▼
2024 · €74k
Income taxes
€51k▲
2024 · €35k
A ratio outside any meaningful range has been withheld (balance sheet total €394k, equity €349k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€686k€394k▼
Fixed assets21/28€330k€301k▼
Tangible fixed assets22/27€330k€301k▼
Land and buildings22€306k€280k▼
Plant, machinery and equipment23€24k€21k▼
Furniture and vehicles24€0-
Current assets29/58€356k€94k▼
Amounts receivable within one year40/41€88k€4k▼
Trade receivables40€0€1k▲
Other amounts receivable41€88k€3k▼
Cash at bank and in hand54/58€266k€88k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€686k€394k▼
Equity10/15€559k€349k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€496k€286k▼
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Tax-exempt reserves132€122k€108k▼
Distributable reserves133€353k€156k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€51k€46k▼
Deferred taxes168€51k€46k▼
Amounts payable17/49€75k€21▼
Amounts payable within one year42/48€74k€21▼
Trade debts44€0€21▲
Suppliers440/4€0€21▲
Taxes, remuneration and social security45€68k€0▼
Taxes450/3€68k€0▼
Other amounts payable47/48€6k€0▼
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Non-recurring operating income76A€1k€784▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€29k▲
Other operating charges640/8€24k€25k▲
Gross operating margin9900€169k€238k▲
Operating profit (loss)9901€117k€185k▲
Financial income75/76B€9k€0▼
Recurring financial income75€1k€0▼
Non-recurring financial income76B€8k€0▼
Financial charges65/66B€2k€188▼
Recurring financial charges65€2k€188▼
Profit (loss) for the period before taxes9903€124k€185k▲
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€35k€51k▲
Profit (loss) for the period9904€95k€140k▲
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€108k€153k▲
Appropriation of the result
Profit (loss) to be appropriated9906€300k€153k▼
Profit (loss) brought forward from the previous period14P€192k€0▼
Transfer from equity791/2€300k€350k▲
Transfer to equity691/2€300k€153k▼
To other reserves6921€300k€153k▼
Profit to be distributed694/7€300k€350k▲
Return on contributions (dividend)694€300k€350k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 914current ratio 4401.02
Current ratio from 4.81 to 4401.02; short-term debt falls from €74k to €21.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €23k ▼29.4%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 10.85
Current ratio from 4.35 to 10.85; short-term debt falls from €110k to €47k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2024
Gert Bax
CurrentDirector · since 02-07-2024
02-07-2024
Gert Bax: Appointed as Director
02-07-2024
Gert Bax: Appointed as Managing director
02-07-2024
Nico Boumans: Resigned as Director
02-07-2024
Vera De Koninck: Resigned as Director
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eykantpad 172381 RavelsGround area
2,335 m²
Building footprint
215 m²
Volume, LiDAR
1,474 m³
Parcel 13048C0248/00B000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FIBEL
since 20032.134.733.339
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048C0248/00B000 | Flanders | 2,335 m² | 1 · 215 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DEFINANCE
BE 0539.711.265
Oupeye · Eq €348k
DW-Invest
BE 0820.217.944
Herselt · Eq €349k
LUX LIVING
BE 0892.176.702
Koksijde · Eq €349k
SIGOCO
BE 0546.647.953
Halen · Eq €348k
Firmo
BE 0733.907.344
Zele · Eq €350k
Of 7,288 companies in sector 68110 we hold annual accounts for 5,353. 3,798 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-04-2003
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
70322
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.