FIDELCO
ActiveSummary
FIDELCO has been active since 2005 and the Belgian Official 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 about 6.8% per year across the filed financial years. Its solvency ranks better than 19% of 4,107 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 3.8 FTE
- Equity
- €22,000
- Profit
- €129,040
- Parent
- FKJ Accountancy & Consulting · 100%
- DELLO SPEDALE FrancescoDirector
- FKJ ACCOUNTANCY & CONSULTINGDirector
Why 92raises riskEquity €22,000 (9.8% of total assets)Size: 3.8 FTE, total assets €224,855lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 0.95, cash €82,487Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 69, micro): better than 15% on solvency, 21% on liquidity, 82% on profitability and 35% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 12 days before the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Permanent representative: JEAN MARC LOOZEDeclaration · Power of attorney
- Resignation: DELLO SPEDALE DI BELLA Francesco…Capital
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93.1% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 931 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.
| Line | 2018 | 2019 | 2020 | 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 | €683 | €9,311 | €9,283 | €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 | €157,539 | €166,726 | €185,883 | €223,008 | €155,744 | €203,280 | €210,564 | €305,164 | ▲ 44.9% |
| Operating profit (loss)9901 | €42,887 | €23,339 | €42,184 | €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 | €503 | €708 | €773 | €732 | €806 | €1,442 | €773 | €593 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €42,384 | €22,631 | €41,411 | €63,674 | €53,982 | €99,255 | €103,371 | €172,517 | ▲ 66.9% |
| Income taxes67/77 | €12,577 | €7,173 | €9,893 | €15,017 | €12,500 | €27,322 | €27,434 | €43,478 | ▲ 58.5% |
| Profit (loss) for the period9904 | €29,807 | €15,458 | €31,518 | €48,657 | €41,482 | €71,933 | €75,937 | €129,040 | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €29,807 | €15,458 | €31,518 | €48,657 | €41,482 | €71,933 | €75,937 | €129,040 | ▲ 69.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €320,078 | €354,791 | €423,974 | €460,530 | €489,893 | €562,357 | €622,603 | €224,855 | ▼ 63.9% |
| Fixed assets21/28 | €3,078 | €33,883 | €27,727 | €20,472 | €12,623 | €13,070 | €490,387 | €33,115 | ▼ 93.2% |
| Tangible fixed assets22/27 | €332 | €31,137 | €24,981 | €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 | €2,746 | €2,746 | €2,746 | €2,748 | €2,748 | €453,898 | €150 | ▼ 100.0% |
| Current assets29/58 | €317,000 | €320,908 | €396,247 | €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 | €83,586 | €115,378 | €148,466 | €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 | €233,174 | €203,935 | €245,408 | €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 | €320,078 | €354,791 | €423,974 | €460,530 | €489,893 | €562,357 | €622,603 | €224,855 | ▼ 63.9% |
| Equity10/15 | €278,147 | €293,605 | €325,123 | €373,780 | €415,262 | €487,196 | €22,000 | €22,000 | = |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €31,807 | €47,265 | €47,265 | €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 | €226,340 | €226,340 | €257,858 | €306,515 | €347,997 | €419,931 | - | - | - |
| Amounts payable17/49 | €41,931 | €61,186 | €98,851 | €86,750 | €74,631 | €75,161 | €600,603 | €202,855 | ▼ 66.2% |
| Amounts payable after more than one year17 | - | €25,234 | €18,142 | €10,956 | €3,676 | - | - | - | - |
| Financial debts170/4 | - | - | - | €10,956 | €3,676 | - | - | - | - |
| Amounts payable within one year42/48 | €41,931 | €35,952 | €80,709 | €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 | - | €662 | €12,226 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,807 | €15,458 | €31,518 | €48,657 | €41,482 | €71,933 | €75,937 | €129,040 | ▲ 69.9% |
| + Depreciation and write-downs630 | €683 | €9,311 | €9,283 | €9,817 | €8,767 | €8,071 | €7,014 | €7,799 | ▲ 11.2% |
| Operating cash flow (approximation) | €30,490 | €24,769 | €40,801 | €58,474 | €50,249 | €80,005 | €82,951 | €136,839 | ▲ 65.0% |
| Investment in fixed assets (approximation) | - | -€40,116 | -€3,127 | -€2,562 | -€918 | -€8,518 | -€484,332 | €449,473 | - |
| Change in cash | - | -€29,239 | €41,473 | €31,826 | €88,831 | -€167,300 | -€148,068 | €31,790 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00230313 |
| 31-12-2024 | full format | 04-07-2025 | 2025-00229799 |
| 31-12-2023 | full format | 20-06-2024 | 2024-00143523 |
| 31-12-2022 | full format | 16-08-2023 | 2023-00332840 |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20266628 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43600526 |
| 31-12-2019 | micro format | 29-07-2020 | 2020-35700078 |
| 31-12-2018 | micro format | 01-07-2019 | 2019-26000324 |
| 31-12-2017 | micro format | 24-07-2018 | 2018-36800331 |
| 31-12-2016 | micro format | 21-07-2017 | 2017-34500245 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FKJ ACCOUNTANCY & CONSULTINGfrom an act |
|
| DELLO SPEDALE Francesco |
|
| DELLO SPEDALE DI BELLA Francesco |
|
Owners and capital
Owners
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%
According to the 2025 annual accounts of FIDELCO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 10-02-2026 Capital stated in the deed · 20,000 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-02
Gazette deed
Permanent representative: JEAN MARC LOOZEDeclaration · Power of attorney4 facts ▸
- General meeting, 22-12-2025
- Permanent representative, JEAN MARC LOOZE
- Declaration, “approbation de la révocation du représentant permanent” (deed in French)
- Power of attorney, SRL FKJ Accountancy & Consulting
10-02
Gazette deed
Resignation: DELLO SPEDALE DI BELLA Francesco (director)Capital3 facts ▸
- General meeting, 11-12-2025 (2 times)
- Capital (2 times)
- Director resignation, DELLO SPEDALE DI BELLA Francesco (director)
29-03
Gazette deed
Reappointment: DELLO SPEDALE Francesco (director)Registered-office move6 facts ▸
- General meeting, 14-03-2024
- Other provision, “numéro de publication”, 24053042 (deed in French)
- Director reappointment, DELLO SPEDALE Francesco (director)
- Registered-office move, avenue Louise 283 6ie étage bte 5 1050 Ixelles
- Other provision, “acceptation de l'ordre du jour, accepté à l'unanimité et sans réserve” (deed in French)
- Director in office, KEQANAJ Françesk (director)
23-10
Gazette deed
Appointment: FKJ ACCOUNTANCY & CONSULTING (director)Permanent representatives: KEQANAJ Françesk and LOOZE Jean-Marc · Shareholding8 facts ▸
- General meeting, 07-09-2023
- Other provision, “administrateur, gratuit” (deed in French)
- Director in office, DELLO SPEDALE Francesco (director)
- Shareholding, 07-09-2023
- General meeting, 08-09-2023
- Director appointment, FKJ ACCOUNTANCY & CONSULTING (director)
- Permanent representative, KEQANAJ Françesk
- Permanent representative, LOOZE Jean-Marc
Show earlier events
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 |
| 21019A0209/00W005 | Brussels | 1,118 m² | 1 · 434 m² | 19.6 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Les services juridiques en rapport avec les activités du professionnel; Fournir des conseils, des consultations en matière statistique…” (deed in French)
9 activities (deed in French)
- Les services juridiques en rapport avec les activités du professionnel
- Fournir des conseils, des consultations en matière statistique, économique, financière et administrative
- Mener toutes sortes d'études et d'activités à cet égard, à l'exception des conseils en investissement et des activités pour lesquelles une reconnaissance supplémentaire est requise et/ou qui sont réservées par la loi à d'autres professions
- Fournir des conseils et une assistance en matière sociale, notamment l'accomplissement des formalités y relatives tel que le calcul des salaires
- Exercer les activités d'ordre juridique et économique compatibles avec la déontologie de la profession
- Exercer l'activité de syndic immobilier
- Exercer la fonction de liquidateur dans d'autres sociétés
- Exercer des mandats d'administrateurs dans d'autres sociétés inscrites au registre public de l'Institut des Conseillers fiscaux et des Experts-Comptables (ITAA)
- Activités d'un expert-comptable certifié, conseiller fiscal certifié, expert-comptable, ou expert-comptable fiscaliste, ainsi que l'exercice de toutes les activités jugées compatibles par l'Institut en raison de cette qualité
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 13. Pouvoirs de l'organe d'administration S'il n'y a qu'un seul administrateur, la totalité des pouvoirs d'administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- 3 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Le registre des actions sera tenu en la forme électronique, Les cessions n'ont d'effet vis-à-vis de la société et des tiers qu'à dater de…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Libérées à leur émission” (deed in French)“Portés à la connaissance des actionnaires par courrier électronique, ou, pour les personnes dont elle ne dispose pas d'une adresse…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 16:00
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidateurs, administrateurs en fonction désignés comme liquidateurs si aucun autre n'a été désigné” (deed in French)