FIDEC
ActiveSummary
FIDEC has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.7m and a net result of -€286,117. Equity has been growing by about 9.9% per year since 2019. Its solvency ranks better than 95% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-12-2010 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.199.904.273 8800 Roeselare, since 01-01-2011
- Financial year end
- 30 September
- Peppol
- Reachable since 20-03-2026
Board and ownership
- DECEUNINCK Frank Leon Irma MariaDirector
- Auditor
- Auditas Bedrijfsrevisoren
- Holdings
- Shares in 2 companies HOF TER EIKE and KERN DEVELOPMENT
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €3,365
- ▼ 87.6%
- Turnover
- ≈ €14,000
- estimated
- Loss
- €286,117
- Equity
- €11.7m
- ▼ 2.4%
- Total assets
- €11.7m
- ▼ 2.3%
- 2025 accounts filed 5 days after the deadline
Score breakdownraises riskLiquidity: current ratio 1047.64, cash €196,638, halvedlowers riskSize: total assets €11.7mFigures for financial year 2025 (filed on 05-05-2026)Equity €11.7m (99.9% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 70, medium-sized). It does better than 82% of them on solvency, 68% on liquidity, 6% on profitability and 20% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 5 days after the deadline Filed on 5 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00102509.
Annual accounts 2025 filed on 05-05-2026 PDF all 14 filings
Every figure per financial year
The operating result for 2025 is a loss of €17,457, after a profit of €5,899 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3.9m | €68,750 | €9,572 | - |
| Financial fixed assets | - | €209,250 | - | - | - |
| Depreciation and write-downs of the year | €7,197 | €8,036 | €3,503 | €15,136 | €15,664 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.003m | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.007m | €0.007m | €0.007m | €0.008m | €0.004m | €0.02m | €0.02m | ▲ 3.5% |
| Other operating charges640/8 | - | - | €0.001m | €0.001m | €0.004m | €0.006m | €0.005m | ▼ 16.1% |
| Non-recurring operating charges66A | - | - | - | - | €0.01m | €0 | - | - |
| Gross operating margin9900 | €0.8m | €0.5m | €0.2m | -€0.09m | €0.005m | €0.03m | €0.003m | ▼ 87.6% |
| Operating profit (loss)9901 | €0.8m | €0.5m | €0.2m | -€0.1m | -€0.01m | €0.006m | -€0.02m | - |
| Financial income75/76B | - | - | €3.8m | €0.4m | €0.2m | €0.2m | €0.2m | ▲ 42.3% |
| Recurring financial income75 | €0.4m | €0.1m | €3.8m | €0.4m | €0.2m | €0.2m | €0.2m | ▲ 42.3% |
| Financial charges65/66B | - | - | €1.6m | €0.1m | €0.2m | €0.03m | €0.5m | ▲ 16× |
| Recurring financial charges65 | €0.7m | €2.5m | €0.3m | €0.08m | €0.1m | €0.03m | €0.5m | ▲ 15× |
| Non-recurring financial charges66B | - | - | €1.2m | €0.07m | €0.02m | €0 | €0.007m | - |
| Profit (loss) for the period before taxes9903 | €0.5m | -€2.0m | €2.4m | €0.1m | -€0.02m | €0.1m | -€0.3m | - |
| Income taxes67/77 | €258 | €0.1m | €0.03m | €0.05m | €155 | €0.03m | €0.03m | ▲ 0.2% |
| Profit (loss) for the period9904 | €0.5m | -€2.1m | €2.4m | €0.07m | -€0.02m | €0.1m | -€0.3m | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | -€2.1m | €2.4m | €0.07m | -€0.02m | €0.1m | -€0.3m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €19.8m | €15.5m | €12.9m | €11.9m | €11.9m | €12.0m | €11.7m | ▼ 2.3% |
| Fixed assets21/28 | €0.03m | €0.02m | €0.02m | €4.1m | €4.1m | €4.1m | €4.1m | ▼ 0.4% |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.007m | €3.8m | €3.9m | €3.9m | €3.9m | ▼ 0.4% |
| Land and buildings22 | - | - | - | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Furniture and vehicles24 | - | - | €0.007m | €0.04m | €0.07m | €0.06m | €0.04m | ▼ 26.2% |
| Financial fixed assets28 | €0.009m | €0.009m | €0.009m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €19.8m | €15.5m | €12.9m | €7.9m | €7.8m | €7.9m | €7.6m | ▼ 3.4% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €2.6m | €2.6m | = |
| Other amounts receivable291 | - | - | - | - | - | €2.6m | €2.6m | = |
| Amounts receivable within one year40/41 | €4.5m | €3.0m | €7.4m | €2.9m | €2.7m | €0.05m | €0.05m | ▲ 7.5% |
| Trade receivables40 | - | - | €5.6m | €0.2m | €0.005m | €0.004m | €0.004m | ▼ 2.9% |
| Other amounts receivable41 | - | - | €1.8m | €2.7m | €2.7m | €0.04m | €0.05m | ▲ 8.4% |
| Current investments50/53 | €14.4m | €12.0m | €2.0m | €1.8m | €4.7m | €4.6m | €4.7m | ▲ 1.2% |
| Cash at bank and in hand54/58 | €0.8m | €0.4m | €3.5m | €3.2m | €0.3m | €0.5m | €0.2m | ▼ 61.8% |
| Deferred charges and accrued income490/1 | - | - | €0.04m | €0.05m | €0.1m | €0.05m | €0.05m | ▼ 6.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €19.8m | €15.5m | €12.9m | €11.9m | €11.9m | €12.0m | €11.7m | ▼ 2.3% |
| Equity10/15 | €7.7m | €5.6m | €8.0m | €11.9m | €11.9m | €12.0m | €11.7m | ▼ 2.4% |
| Contributions10/11 | €8.3m | €8.3m | €8.3m | €12.2m | €12.2m | €12.2m | €12.2m | = |
| Capital10 | - | - | €8.3m | - | - | - | - | - |
| Issued capital100 | - | - | €8.3m | - | - | - | - | - |
| Profit (loss) carried forward14 | -€0.6m | -€2.7m | -€0.3m | -€0.3m | -€0.3m | -€0.2m | -€0.5m | ▼ 164% |
| Amounts payable17/49 | €12.1m | €9.9m | €4.9m | €0.05m | €0.004m | €0.001m | €0.007m | ▲ 431% |
| Amounts payable within one year42/48 | €11.8m | €9.8m | €4.7m | €0.02m | €0.004m | €0.001m | €0.007m | ▲ 462% |
| Financial debts43 | - | - | - | - | - | €23 | €6 | ▼ 72.2% |
| Credit institutions430/8 | - | - | - | - | - | €23 | €6 | ▼ 72.2% |
| Trade debts44 | €0.002m | €0.02m | €0.02m | €0.004m | €0.002m | €0.001m | €0.007m | ▲ 472% |
| Suppliers440/4 | - | - | €0.02m | €0.004m | €0.002m | €0.001m | €0.007m | ▲ 472% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.01m | €0.003m | €0 | - | - |
| Taxes450/3 | - | - | €0.1m | €0.01m | €0.003m | €0 | - | - |
| Other amounts payable47/48 | - | - | €4.5m | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.2m | €0.03m | €0 | €77 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | -€2.1m | €2.4m | €0.07m | -€0.02m | €0.1m | -€0.3m | - |
| + Depreciation and write-downs630 | €0.007m | €0.007m | €0.007m | €0.008m | €0.004m | €0.02m | €0.02m | ▲ 3.5% |
| Operating cash flow (approximation) | €0.5m | -€2.1m | €2.4m | €0.08m | -€0.01m | €0.1m | -€0.3m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4.1m | -€0.03m | -€0.01m | €0 | - |
| Change in cash | - | -€0.4m | €3.0m | -€0.3m | -€2.9m | €0.2m | -€0.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 246 companies had the same profile as FIDEC has now. Two years later, 89.8% were still going and 1.2% had gone bankrupt.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FIDEC itself is lower: < 0.1% within 12 months. It rests on far more data about FIDEC than the profile alone.
Test of the method
The method was tested on the 497,446 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 246 companies, not a prediction for FIDEC. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 05-05-2026 | 2026-00102509 | |
| 30-09-2024 | abbreviated format | 28-04-2025 | 2025-00078302 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00079942 | |
| 30-09-2022 | abbreviated format | 26-04-2023 | 2023-00069502 | |
| 30-09-2021 | abbreviated format | 02-05-2022 | 2022-20016544 | |
| 30-09-2020 | abbreviated format | 23-03-2021 | 2021-08700241 | |
| 30-09-2019 | abbreviated format | 26-02-2020 | 2020-05800382 | |
| 30-09-2018 | abbreviated format | 08-04-2019 | 2019-09700350 | |
| 30-09-2017 | abbreviated format | 26-03-2018 | 2018-08400199 | |
| 30-09-2016 | abbreviated format | 27-03-2017 | 2017-08200251 |
Board & ownership
Directors
Board 1
Statutory auditor 1
Owners and capital
Shareholders
- DECEUNINCK Frank Leon Irma Maria €448,145 in kind
- DECEUNINCK Frank Leon Irma Maria 1,000 shares
Capital transactions
- 26-09-2022 Converted to available equity · €8,345,400
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| DECEUNINCK Frank Leon Irma Maria |
|
| Auditas Bedrijfsrevisoren |
|
| VAN MIDDELEM Maria |
|
| VANDEN WEGHE Sabine |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking, 13”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft kopers naar evenredigheid aantal, elke overdracht onder levenden ten bezwarende of kosteloze titel vrijwillig of…”“Aandelen waarvan overdracht wordt voorgesteld, helft overdrager,helft koper(s) naar evenredigheid verworven aantal”
Articles of association, deed of 26-09-2022 (in Dutch)
Network & group
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 30-09-2025
- Equity €523,569 Loss of €16,450 in 2025 (loss of €26,720 in 2024) Checked score 8350%
- Equity -€990,862 Loss of €109,268 in 2025 (loss of €84,816 in 2024) Checked score 5450%
Companies at the same address
3 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
26-09
Gazette deed
3 directors appointed, 3 directors resigningChange of role: DECEUNINCK Frank Leon Irma Maria, from director to statutory director · Appointment: AUDITAS BEDRIJFSREVISOREN (bedrijfsrevisor voor omzetting) · Resignations: VANDEN WEGHE Sabine (director) and VAN MIDDELEM Maria (director)30 points ▸
- Director appointment, DECEUNINCK Frank Leon Irma Maria (statutory director), mentioned 2 times in the deed
- Other provision, “uittreding ten laste van vennootschapsvermogen, aandeelhouder heeft besloten mogelijkheid niet op te nemen” (deed in Dutch)
- Other provision, “uitsluiting ten laste van vennootschapsvermogen, aandeelhouder heeft besloten mogelijkheid niet op te nemen” (deed in Dutch)
- Other provision, “zesde besluit lezing en onderzoek stukken bijkomende inbrengen in natura, originelen getekend ne varietur door Notaris en comparant neer te leggen op griffie be…” (deed in Dutch)
- Capital contribution, mentioned 2 times in the deed
- Capital contribution, €448,145
- Capital contribution, €80,000
- Capital contribution, €228,600
- Capital contribution, €109,790
- Capital contribution, €1,010,030
- Capital contribution, €1,099,630
- Capital contribution, €834,980
- The act holds 18 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36505B0814/00E000 | Flanders | 2.0 ha | 1 · 553 m² | 9.2 m · 2 |