Summary
FICABEL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €220,015 and a net result of €26,759. Equity is shrinking by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 8091 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
11 d early
2023
12 d early
2022
9 d early
2021
30 d early
2020
on the day
2019
29 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 5 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 19 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€220,015▲ 13.8%
2024 · €193,256
Net result
€26,759▲ 13.0%
2024 · €23,672
Total assets
€296,674▲ 17.1%
2024 · €253,286
Solvency
74.2%▼ 2.1pp
2024 · 76.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€23,249▼ 5.3%€36,778▲ 58.2%€34,919▼ 5.1%€39,777▲ 13.9%€41,796▲ 5.1%
Net result-€46,236below the sector's middle half▲ 80.0%€25,354within the sector's middle half€21,452within the sector's middle half▼ 15.4%€23,672within the sector's middle half▲ 10.3%€26,759within the sector's middle half▲ 13.0%
Equity€413,937above the sector's middle half▼ 10.0%€439,291above the sector's middle half▲ 6.1%€460,743above the sector's middle half▲ 4.9%€193,256within the sector's middle half▼ 58.1%€220,015within the sector's middle half▲ 13.8%
Total assets€480,605within the sector's middle half▼ 21.5%€506,935within the sector's middle half▲ 5.5%€536,219within the sector's middle half▲ 5.8%€253,286within the sector's middle half▼ 52.8%€296,674within the sector's middle half▲ 17.1%
Debt€66,668▼ 56.3%€67,644▲ 1.5%€75,476▲ 11.6%€60,030▼ 20.5%€76,660▲ 27.7%
Working capital€395,038above the sector's middle half▼ 11.0%€423,543above the sector's middle half▲ 7.2%€451,316above the sector's middle half▲ 6.6%€185,796above the sector's middle half▼ 58.8%€174,306above the sector's middle half▼ 6.2%
Solvency86.1%above the sector's middle half▲ 11.0pp86.7%above the sector's middle half▲ 0.5pp85.9%above the sector's middle half▼ 0.7pp76.3%within the sector's middle half▼ 9.6pp74.2%within the sector's middle half▼ 2.1pp
Current ratio7.34above the sector's middle half▲ 3.277.46above the sector's middle half▲ 0.127.24above the sector's middle half▼ 0.224.39within the sector's middle half▼ 2.843.39within the sector's middle half▼ 1.00
Return on assets (ROA)-9.6%below the sector's middle half▲ 28.1pp5.0%within the sector's middle half▲ 14.6pp4.0%within the sector's middle half▼ 1.0pp9.3%within the sector's middle half▲ 5.3pp9.0%within the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296,674
Fixed assets
€49,360 ▲ 288%
Current assets
€247,314 ▲ 2.8%
Equity and liabilities €296,674
Equity
€220,015 ▲ 13.8%
Debt
€76,660 ▲ 27.7%
Debt's share of the balance-sheet total rises from 23.7% to 25.8%. Equity and debt are higher.
Key figures and ratios
ROE
12.2%▼
2024 · 12.2%
Debt ≤ 1 year
€73,009▲
2024 · €54,772
Income taxes
€10,953▲
2024 · €10,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4,094 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,028 | €5,899 | €5,707 | €6,512 | €6,899 | ▲ 5.9% |
| Other operating charges640/8 | - | €450 | €942 | €566 | €590 | ▲ 4.2% |
| Gross operating margin9900 | €30,311 | €43,127 | €41,568 | €46,856 | €49,285 | ▲ 5.2% |
| Operating profit (loss)9901 | €23,249 | €36,778 | €34,919 | €39,777 | €41,796 | ▲ 5.1% |
| Financial income75/76B | - | - | €0 | €0 | €1 | ▲ 11,000% |
| Recurring financial income75 | €0 | - | €0 | €0 | €1 | ▲ 11,000% |
| Financial charges65/66B | - | €2,990 | €3,528 | €5,685 | €4,086 | ▼ 28.1% |
| Recurring financial charges65 | €64,455 | €2,990 | €3,528 | €5,685 | €4,086 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | -€41,206 | €33,788 | €31,391 | €34,093 | €37,712 | ▲ 10.6% |
| Income taxes67/77 | €5,030 | €8,434 | €9,938 | €10,421 | €10,953 | ▲ 5.1% |
| Profit (loss) for the period9904 | -€46,236 | €25,354 | €21,452 | €23,672 | €26,759 | ▲ 13.0% |
| Profit (loss) for the period to be appropriated9905 | -€46,236 | €25,354 | €21,452 | €23,672 | €26,759 | ▲ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €480,605 | €506,935 | €536,219 | €253,286 | €296,674 | ▲ 17.1% |
| Fixed assets21/28 | €23,284 | €17,819 | €12,543 | €12,718 | €49,360 | ▲ 288% |
| Tangible fixed assets22/27 | €23,284 | €17,819 | €12,543 | €12,718 | €49,360 | ▲ 288% |
| Plant, machinery and equipment23 | - | €4,588 | €4,224 | €9,313 | €9,772 | ▲ 4.9% |
| Furniture and vehicles24 | - | €13,232 | €8,319 | €3,406 | €39,589 | ▲ 1,062% |
| Current assets29/58 | €457,320 | €489,115 | €523,676 | €240,568 | €247,314 | ▲ 2.8% |
| Amounts receivable within one year40/41 | €27,627 | €19,924 | €18,825 | €16,384 | €21,931 | ▲ 33.9% |
| Trade receivables40 | - | €18,324 | €16,625 | €14,484 | €15,173 | ▲ 4.8% |
| Other amounts receivable41 | - | €1,600 | €2,200 | €1,900 | €6,757 | ▲ 256% |
| Cash at bank and in hand54/58 | €427,294 | €466,722 | €504,502 | €222,695 | €223,621 | ▲ 0.4% |
| Deferred charges and accrued income490/1 | - | €2,469 | €350 | €1,489 | €1,763 | ▲ 18.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €480,605 | €506,935 | €536,219 | €253,286 | €296,674 | ▲ 17.1% |
| Equity10/15 | €413,937 | €439,291 | €460,743 | €193,256 | €220,015 | ▲ 13.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €7,440 | €7,440 | = |
| Reserves13 | €5,000 | €5,000 | €26,400 | €50,000 | €76,700 | ▲ 53.4% |
| Non-distributable reserves130/1 | - | €5,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €5,000 | - | - | - | - |
| Distributable reserves133 | - | - | €26,400 | €50,000 | €76,700 | ▲ 53.4% |
| Profit (loss) carried forward14 | €390,337 | €415,691 | €415,743 | €135,816 | €135,875 | = |
| Amounts payable17/49 | €66,668 | €67,644 | €75,476 | €60,030 | €76,660 | ▲ 27.7% |
| Amounts payable within one year42/48 | €62,283 | €65,572 | €72,361 | €54,772 | €73,009 | ▲ 33.3% |
| Trade debts44 | €2,716 | €4,895 | €1,175 | €3,967 | €3,807 | ▼ 4.0% |
| Suppliers440/4 | - | €4,895 | €1,175 | €3,967 | €3,807 | ▼ 4.0% |
| Taxes, remuneration and social security45 | - | €5,822 | €8,428 | €9,408 | €9,559 | ▲ 1.6% |
| Taxes450/3 | - | €5,822 | €8,428 | €9,408 | €9,559 | ▲ 1.6% |
| Other amounts payable47/48 | - | €54,855 | €62,758 | €41,397 | €59,643 | ▲ 44.1% |
| Accrued charges and deferred income492/3 | - | €2,072 | €3,115 | €5,259 | €3,651 | ▼ 30.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,236 | €25,354 | €21,452 | €23,672 | €26,759 | ▲ 13.0% |
| + Depreciation and write-downs630 | €6,028 | €5,899 | €5,707 | €6,512 | €6,899 | ▲ 5.9% |
| Operating cash flow (approximation) | -€40,208 | €31,253 | €27,160 | €30,185 | €33,658 | ▲ 11.5% |
| Investment in fixed assets (approximation) | - | -€434 | -€431 | -€6,688 | -€43,541 | ▼ 551% |
| Change in cash | - | €39,429 | €37,779 | -€281,807 | €926 | ▲ 100% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €200,000Eq €220,015 ▲13.8%
4 profitable years in a row build equity to €220,015.
19-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €25,354
Net result €25,354 after 2 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€230,946
Net result drops to -€230,946, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 4.07
Current ratio from 1.22 to 4.07; short-term debt falls from €157,291 to €144,546.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
30-09
Financial
Highest result since 2018net €33,125 ▲18.7%
Net result €33,125, the highest in the series.
Show earlier events
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Kortrijk · 1 establishment unit since 2005
Ground area
1,186 m²
Building footprint
131 m²
Volume, LiDAR
703 m³
Parcel 34005C0709/00F000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FICABEL
since 20052.145.172.618
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34005C0709/00F000 | Flanders | 1,186 m² | 1 · 131 m² | 8.4 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 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,559 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
Founded14-01-2005
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871202629
Also
9925:BE0871202629
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.