FIDELCO
ActiveSummary
FIDELCO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,000 and a net result of €129,040. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 3330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+16
Solvency35▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.22 in 2024; short-term debt: 90.2% and cash: 36.7% of total assets), and 90.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
9.8%
Return on assets
57.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3330 sector peers (2025).
NBB · sector comparisonPosition among 3330 sector peers
Solvency
better than 19%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
41 d early
2022
16 d late
2021
on the day
2020
1 d early
2019
2 d early
← 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 12 days before 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 4 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€129,040▲ 69.9%
2024 · €75,937
Working capital
-€11,115▲ 97.6%
2024 · -€468,387
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€64,169▲ 52.1%€54,380▼ 15.3%€100,543▲ 84.9%€102,382▲ 1.8%€170,636▲ 66.7%
Net result€48,657within the sector's middle half▲ 54.4%€41,482within the sector's middle half▼ 14.7%€71,933within the sector's middle half▲ 73.4%€75,937within the sector's middle half▲ 5.6%€129,040within the sector's middle half▲ 69.9%
Equity€373,780above the sector's middle half▲ 15.0%€415,262within the sector's middle half▲ 11.1%€487,196within the sector's middle half▲ 17.3%€22,000below the sector's middle half▼ 95.5%€22,000below the sector's middle half=
Total assets€460,530within the sector's middle half▲ 8.6%€489,893within the sector's middle half▲ 6.4%€562,357within the sector's middle half▲ 14.8%€622,603within the sector's middle half▲ 10.7%€224,855below the sector's middle half▼ 63.9%
Debt€86,750▼ 12.2%€74,631▼ 14.0%€75,161▲ 0.7%€600,603▲ 699%€202,855▼ 66.2%
Working capital€364,264above the sector's middle half▲ 15.4%€406,460above the sector's middle half▲ 11.6%€474,126above the sector's middle half▲ 16.6%-€468,387below the sector's middle half-€11,115below the sector's middle half▲ 97.6%
Solvency81.2%above the sector's middle half▲ 4.5pp84.8%above the sector's middle half▲ 3.6pp86.6%above the sector's middle half▲ 1.9pp3.5%below the sector's middle half▼ 83.1pp9.8%below the sector's middle half▲ 6.3pp
Current ratio5.81above the sector's middle half▲ 0.906.74above the sector's middle half▲ 0.937.31above the sector's middle half▲ 0.570.22below the sector's middle half▼ 7.090.95below the sector's middle half▲ 0.73
Return on assets (ROA)10.6%within the sector's middle half▲ 3.1pp8.5%within the sector's middle half▼ 2.1pp12.8%within the sector's middle half▲ 4.3pp12.2%within the sector's middle half▼ 0.6pp57.4%above the sector's middle half▲ 45.2pp
Staff (FTE)2.7=2.3within the sector's middle half▼ 14.8%2.5within the sector's middle half▲ 8.7%3.5within the sector's middle half▲ 40.0%3.8within the sector's middle half▲ 8.6%
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.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 67% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224,855
Fixed assets
€33,115 ▼ 93.2%
Current assets
€191,740 ▲ 45.0%
Equity and liabilities €224,855
Equity
€22,000 =
Debt
€202,855 ▼ 66.2%
Debt's share of the balance-sheet total falls from 96.5% to 90.2%. Debt is lower.
Key figures and ratios
EBITDA
€178,435▲
2024 · €109,397
Cash flow
€136,839▲
2024 · €82,951
Debt to equity
9.22▼
2024 · 27.30
ROE
586.5%▲
2024 · 345.2%
Interest coverage
300.72▲
2024 · 141.53
Debt ≤ 1 year
€202,855▼
2024 · €600,603
Income taxes
€43,478▲
2024 · €27,434
Staff costs
€116,052▲
2024 · €93,496
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 928 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €138,291 | €92,191 | €88,644 | €93,496 | €116,052 | ▲ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,817 | €8,767 | €8,071 | €7,014 | €7,799 | ▲ 11.2% |
| Other operating charges640/8 | €10,731 | €406 | €6,022 | €7,608 | €10,025 | ▲ 31.8% |
| Non-recurring operating charges66A | - | - | - | €63 | €652 | ▲ 937% |
| Gross operating margin9900 | €223,008 | €155,744 | €203,280 | €210,564 | €305,164 | ▲ 44.9% |
| Operating profit (loss)9901 | €64,169 | €54,380 | €100,543 | €102,382 | €170,636 | ▲ 66.7% |
| Financial income75/76B | €237 | €408 | €155 | €1,762 | €2,475 | ▲ 40.5% |
| Recurring financial income75 | €237 | €408 | €155 | €1,762 | €2,475 | ▲ 40.5% |
| Financial charges65/66B | €732 | €806 | €1,442 | €773 | €593 | ▼ 23.2% |
| Recurring financial charges65 | €732 | €806 | €1,442 | €773 | €593 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €63,674 | €53,982 | €99,255 | €103,371 | €172,517 | ▲ 66.9% |
| Income taxes67/77 | €15,017 | €12,500 | €27,322 | €27,434 | €43,478 | ▲ 58.5% |
| Profit (loss) for the period9904 | €48,657 | €41,482 | €71,933 | €75,937 | €129,040 | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €48,657 | €41,482 | €71,933 | €75,937 | €129,040 | ▲ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460,530 | €489,893 | €562,357 | €622,603 | €224,855 | ▼ 63.9% |
| Fixed assets21/28 | €20,472 | €12,623 | €13,070 | €490,387 | €33,115 | ▼ 93.2% |
| Tangible fixed assets22/27 | €17,726 | €9,875 | €10,321 | €36,489 | €32,965 | ▼ 9.7% |
| Plant, machinery and equipment23 | - | - | - | €15,117 | €17,948 | ▲ 18.7% |
| Furniture and vehicles24 | €17,726 | €9,875 | €10,321 | €21,372 | €15,017 | ▼ 29.7% |
| Financial fixed assets28 | €2,746 | €2,748 | €2,748 | €453,898 | €150 | ▼ 100.0% |
| Current assets29/58 | €440,058 | €477,270 | €549,287 | €132,216 | €191,740 | ▲ 45.0% |
| Amounts receivable after more than one year29 | - | - | €220,000 | €15,000 | €15,000 | = |
| Other amounts receivable291 | - | - | €220,000 | €15,000 | €15,000 | = |
| Amounts receivable within one year40/41 | €159,880 | €104,826 | €127,299 | €63,913 | €91,445 | ▲ 43.1% |
| Trade receivables40 | €157,162 | €102,326 | €122,121 | €56,092 | €82,134 | ▲ 46.4% |
| Other amounts receivable41 | €2,718 | €2,500 | €5,178 | €7,821 | €9,310 | ▲ 19.0% |
| Cash at bank and in hand54/58 | €277,234 | €366,065 | €198,765 | €50,697 | €82,487 | ▲ 62.7% |
| Deferred charges and accrued income490/1 | €2,944 | €6,379 | €3,223 | €2,606 | €2,809 | ▲ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460,530 | €489,893 | €562,357 | €622,603 | €224,855 | ▼ 63.9% |
| Equity10/15 | €373,780 | €415,262 | €487,196 | €22,000 | €22,000 | = |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €47,265 | €47,265 | €47,265 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €45,265 | €45,265 | €45,265 | - | - | - |
| Profit (loss) carried forward14 | €306,515 | €347,997 | €419,931 | - | - | - |
| Amounts payable17/49 | €86,750 | €74,631 | €75,161 | €600,603 | €202,855 | ▼ 66.2% |
| Amounts payable after more than one year17 | €10,956 | €3,676 | - | - | - | - |
| Financial debts170/4 | €10,956 | €3,676 | - | - | - | - |
| Amounts payable within one year42/48 | €75,794 | €70,810 | €75,161 | €600,603 | €202,855 | ▼ 66.2% |
| Current portion of amounts payable after more than one year42 | €12,186 | €12,281 | €8,676 | - | - | - |
| Trade debts44 | €18,895 | €11,685 | €29,669 | €27,501 | €15,284 | ▼ 44.4% |
| Suppliers440/4 | €18,895 | €11,685 | €29,669 | €27,501 | €15,284 | ▼ 44.4% |
| Taxes, remuneration and social security45 | €32,397 | €38,484 | €36,695 | €31,969 | €34,338 | ▲ 7.4% |
| Taxes450/3 | €15,543 | €28,826 | €27,112 | €15,448 | €23,389 | ▲ 51.4% |
| Remuneration and social security454/9 | €16,854 | €9,658 | €9,583 | €16,521 | €10,949 | ▼ 33.7% |
| Other amounts payable47/48 | €12,316 | €8,360 | €120 | €541,133 | €153,233 | ▼ 71.7% |
| Accrued charges and deferred income492/3 | - | €145 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,657 | €41,482 | €71,933 | €75,937 | €129,040 | ▲ 69.9% |
| + Depreciation and write-downs630 | €9,817 | €8,767 | €8,071 | €7,014 | €7,799 | ▲ 11.2% |
| Operating cash flow (approximation) | €58,474 | €50,249 | €80,005 | €82,951 | €136,839 | ▲ 65.0% |
| Investment in fixed assets (approximation) | - | -€918 | -€8,518 | -€484,332 | €449,473 | ▲ 193% |
| Change in cash | - | €88,831 | -€167,300 | -€148,068 | €31,790 | ▲ 121% |
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
15-07
State Gazette act
General meeting · Registered-office move
Power of attorney
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
19-03
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2025
31-12
Financial
Highest result since 2018net €129,040 ▲69.9%
Operating result €170,636, net result €129,040, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €15,458 ▼48.1%
Net result drops to €15,458, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Elsene · 2 establishment units since 2005
Ground area
4,502 m²
Building footprint
3,213 m²
Volume, LiDAR
51,463 m³
2 parcels, Brussels · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
71
companies at this address
See who is registered here
2 establishment units
Louizalaan 283, 1050 Brussel
since 20052.198.883.694
FIDELCO
since 20242.366.584.224
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
| 21019A0209/00W005 | Brussels | 1,118 m² | 1 · 434 m² | 19.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- FKJ Accountancy & Consulting
- FIDELCO
Highest known parent: FKJ Accountancy & Consulting. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of FIDELCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 4,588 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
Founded31-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875801320
Also
9925:BE0875801320
Registered
08-10-2025
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.