Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Short-term debts rose from €37,554 to €52,683.
The 2022 accounts came latest: 92 days after the end of the period.
Lower solvency than 80% of companies in retail trade. Sector median 33.1% · 22,924 companies.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 16% of them on solvency, 3% on liquidity, 96% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,180 companies had the same profile as FiberApps has now. Each dot stands for 6 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FiberApps itself is higher: 8.4% within 12 months. It rests on far more data about FiberApps than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for FiberApps. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.88 (0.34 in 2024), below 1. Short-term debt is 108.5% and cash 0.5% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FiberApps Antwerp | €48,540 | €22,604 | -8.5% | - |
| NUPPU Vosselaar | €47,712 | €18,767 | 60.9% | - |
| CAREAU Antwerp | €46,470 | €15,687 | 78.1% | - |
| JIR Belgium Antwerp | €43,354 | €15,339 | -92.8% | - |
| Antwerp Home Consulting Brasschaat | €52,924 | €17,575 | 25.5% | - |
| NACPAN Antwerp | €56,674 | €39,194 | 60.4% | - |
| AL CONSULTING Liège | €45,097 | €18,057 | 39.8% | - |
These companies have the same main activity as FiberApps: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €43,400 and €56,700, founded between 2018 and 2019.
FiberApps files the micro format. That format states no turnover. The gross margin rose from -€10,542 in 2019 to €22,604 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €120,000 and €520,000.
Higher than 19% of 22,924 companies in 2025.
Higher than 26% of 22,052 companies in 2025.
Higher than 94% of 22,202 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
48,540 | 15,339 | 19,048 | 23,682 | 46,902 | 16,730 | 2,125 | |
21/28 |
2,219 | 2,432 | 2,652 | 3,306 | 871 | 874 | - | |
22/27 |
422 | 635 | 855 | 1,509 | 871 | 874 | - | |
24 |
422 | 635 | 855 | 1,509 | 871 | 874 | - | |
28 |
1,797 | 1,797 | 1,797 | 1,797 | - | - | - | |
29/58 |
46,321 | 12,907 | 16,396 | 20,376 | 46,031 | 15,855 | 2,125 | |
3 |
0 | 1,244 | 3,389 | 1,832 | 4,958 | - | - | |
30/36 |
0 | 1,244 | 3,389 | 1,832 | 4,958 | - | - | |
40/41 |
44,211 | 8,703 | 266 | 9,018 | 40,028 | 15,755 | 1,506 | |
40 |
9,665 | 8,703 | 266 | 9,018 | 40,028 | 12,600 | 1,506 | |
41 |
34,546 | - | - | - | 0 | 3,155 | - | |
54/58 |
237 | 123 | 8,778 | 3,675 | 1,046 | 100 | 619 | |
490/1 |
1,874 | 2,836 | 3,962 | 5,851 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
48,540 | 15,339 | 19,048 | 23,682 | 46,902 | 16,730 | 2,125 | |
10/15 |
-4,143 | -22,216 | -10,186 | 9,756 | 24,519 | -11,423 | -9,367 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 2,000 | 2,000 | |
100 |
- | - | - | - | - | 18,550 | 18,550 | |
101 |
- | - | - | - | - | 16,550 | 16,550 | |
13 |
5,969 | 5,969 | 5,969 | 5,969 | 5,969 | - | - | |
133 |
5,969 | 5,969 | 5,969 | 5,969 | 5,969 | - | - | |
14 |
-28,661 | -46,734 | -34,705 | -14,762 | 0 | -13,423 | -11,367 | |
17/49 |
52,683 | 37,554 | 29,234 | 13,925 | 22,383 | 28,152 | 11,492 | |
42/48 |
52,683 | 37,554 | 29,234 | 13,925 | 22,383 | 28,152 | 11,492 | |
43 |
2,171 | 1,874 | - | - | 0 | 4,711 | - | |
439 |
2,171 | 1,874 | - | - | 0 | 4,711 | - | |
44 |
3,663 | 13,833 | 5,797 | 1,572 | 9,016 | 10,933 | 673 | |
440/4 |
3,663 | 13,833 | 5,797 | 1,572 | 9,016 | 10,933 | 673 | |
45 |
46,849 | 14,469 | 6,419 | 7,904 | 6,599 | 5,496 | 6,319 | |
450/3 |
17,049 | 7,519 | 6,419 | 4,954 | 6,599 | - | 1,503 | |
454/9 |
29,800 | 6,950 | 0 | 2,950 | 0 | 5,496 | 4,816 | |
47/48 |
0 | 7,378 | 17,018 | 4,449 | 6,768 | 7,012 | 4,500 | |
| Income statement | ||||||||
76A |
- | - | - | 0 | 434 | - | - | |
9900 |
22,604 | -3,647 | -11,978 | -12,944 | 23,491 | -597 | -10,542 | |
62 |
- | 0 | 26 | 5 | - | - | - | |
630 |
213 | 220 | 654 | 463 | 437 | 437 | - | |
640/8 |
2,039 | 3,116 | 2,197 | 1,044 | 449 | 543 | 361 | |
9901 |
20,351 | -6,983 | -14,854 | -14,456 | 22,605 | -1,577 | -10,903 | |
75/76B |
935 | 6 | 6 | 1,189 | 3 | 86 | 49 | |
75 |
935 | 6 | 6 | 1,189 | 3 | 86 | 49 | |
65/66B |
3,034 | 4,786 | 4,896 | 1,495 | 616 | 564 | 513 | |
65 |
3,034 | 4,786 | 4,896 | 1,495 | 616 | 564 | 513 | |
9903 |
18,253 | -11,763 | -19,745 | -14,762 | 21,993 | -2,056 | -11,367 | |
67/77 |
180 | 266 | 198 | 0 | 2,601 | - | - | |
9904 |
18,073 | -12,029 | -19,943 | -14,762 | 19,391 | -2,056 | -11,367 | |
9905 |
18,073 | -12,029 | -19,943 | -14,762 | 19,391 | -2,056 | -11,367 | |
| Appropriation of the result | ||||||||
9906 |
-28,661 | -46,734 | -34,705 | -14,762 | 5,969 | -13,423 | -11,367 | |
14P |
-46,734 | -34,705 | -14,762 | 0 | -13,423 | - | - | |
691/2 |
- | - | - | 0 | 5,969 | - | - | |
6921 |
- | - | - | 0 | 5,969 | - | - | |
| Document | ||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00492042.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00492042 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00412123 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00457036 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00502757 | |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20047777 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-30100216 | |
| 31-12-2019 | micro format | 18-07-2020 | 2020-31800355 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 20,565 | -6,763 | -14,200 | -13,993 | 23,042 | -1,140 | - | ||
| 18,286 | -11,809 | -19,289 | -14,299 | 19,829 | -1,618 | - | ||
| 0 | 0 | 0 | 2,899 | 434 | 1,312 | - | ||
| 113 | -8,655 | 5,103 | 2,629 | 946 | -519 | - | ||
| -6,361 | -24,648 | -12,839 | 6,450 | 23,648 | -12,297 | -9,367 | ||
| -8.5% | -144.8% | -53.5% | 41.2% | 52.3% | -68.3% | - | ||
| 0.88 | 0.34 | 0.56 | 1.46 | 2.06 | 0.56 | - | ||
| 0.88 | 0.31 | 0.44 | 1.33 | 1.84 | 0.56 | - | ||
| - | - | - | 1.43 | 0.91 | - | - | ||
| - | - | - | -151.3% | 79.1% | - | - | ||
| 37.2% | -78.4% | -104.7% | -62.3% | 41.3% | -12.3% | - | ||
| 6.78 | -1.41 | -2.90 | -9.36 | 37.41 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €0 | - | - | €1,102 | - |
| Financial fixed assets | €0 | - | - | €1,797 | - |
| €213 | €220 | €654 | €463 | €437 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €20,351, after a loss of €6,983 in 2024. It is the highest result since 2021.
Equity is negative. Debt (€52,683) exceeds the balance-sheet total (€48,540).
FiberApps has no parent and no holdings in its annual accounts. PARLAKCI Muhammed Memis is the only director. FiberApps shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Borsbeeksebrug 34 registered office 2600 Antwerp | 28-01-2019 | 2.284.738.691 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11302A0095/00E008 | 2.4 ha | 1 · 2,702 m² | 22.4 m · 5 |
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