FIDES
ActiveSummary
FIDES has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €524k and a net result of €33k. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+1
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 1.32 in 2024; short-term debt: 7.3% and cash: 1.8% of total assets), and 7.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
92.6%
Return on assets
5.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
29 d early
2022
26 d early
2021
on the day
2020
25 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€524k▼ 8.3%
2024 · €571k
2019: €536k
2020: €463k▼ -13.6% vs 2019lowest in 7 years
2021: €498k▲ +7.5% vs 2020
2022: €478k▼ -4.1% vs 2021
2023: €533k▲ +11.6% vs 2022
2024: €571k▲ +7.1% vs 2023highest in 7 years
2025: €524k▼ -8.3% vs 2024
2019 → 2025
Total assets
€566k▼ 20.2%
2024 · €710k
2019: €541k
2020: €519k▼ -4.1% vs 2019lowest in 7 years
2021: €535k▲ +3.1% vs 2020
2022: €531k▼ -0.8% vs 2021
2023: €616k▲ +16.0% vs 2022
2024: €710k▲ +15.3% vs 2023highest in 7 years
2025: €566k▼ -20.2% vs 2024
2019 → 2025
Net result
€33k▼ 13.9%
2024 · €38k
2019: €41k
2020: €55k▲ +32.8% vs 2019
2021: €35k▼ -36.8% vs 2020
2022: €30k▼ -15.2% vs 2021lowest in 7 years
2023: €56k▲ +88.2% vs 2022highest in 7 years
2024: €38k▼ -31.4% vs 2023
2025: €33k▼ -13.9% vs 2024
2019 → 2025
Working capital
€199▼ 99.5%
2024 · €44k
2019: €67khighest in 7 years
2020: €-6k▼ -109% vs 2019lowest in 7 years
2021: €29k▲ +569% vs 2020
2022: €8k▼ -71.3% vs 2021
2023: €3k▼ -65.3% vs 2022
2024: €44k▲ +1444% vs 2023
2025: €199▼ -99.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€498k-€478k▼ 4.1%€533k▲ 11.6%€571k▲ 7.1%€524k▼ 8.3%
2021: €498k
2022: €478k▼ -4.1% vs 2021lowest in 5 years
2023: €533k▲ +11.6% vs 2022
2024: €571k▲ +7.1% vs 2023highest in 5 years
2025: €524k▼ -8.3% vs 2024
Operating result€44k-€40k▼ 9.2%€74k▲ 84.7%€54k▼ 27.4%€45k▼ 16.2%
2021: €44k
2022: €40k▼ -9.2% vs 2021lowest in 5 years
2023: €74k▲ +84.7% vs 2022highest in 5 years
2024: €54k▼ -27.4% vs 2023
2025: €45k▼ -16.2% vs 2024
Net result€35k-€30k▼ 15.2%€56k▲ 88.2%€38k▼ 31.4%€33k▼ 13.9%
2021: €35k
2022: €30k▼ -15.2% vs 2021lowest in 5 years
2023: €56k▲ +88.2% vs 2022highest in 5 years
2024: €38k▼ -31.4% vs 2023
2025: €33k▼ -13.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €566k
Fixed assets
€525k ▼ 0.6%
Current assets
€41k ▼ 77.2%
Equity and liabilities €566k
Equity
€524k ▼ 8.3%
Debt
€42k ▼ 69.6%
Debt's share of the balance-sheet total falls from 19.5% to 7.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€48k▼
2024 · €57k
Cash flow
€36k▼
2024 · €41k
Current ratio
1.00▼
2024 · 1.32
Debt to equity
0.08▼
2024 · 0.24
ROE
6.3%▼
2024 · 6.7%
ROA
5.8%▲
2024 · 5.4%
Debt ≤ 1 year
€41k▼
2024 · €138k
Income taxes
€12k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€710k€566k▼
Fixed assets21/28€528k€525k▼
Tangible fixed assets22/27€528k€525k▼
Other tangible fixed assets26€528k€525k▼
Current assets29/58€182k€41k▼
Amounts receivable within one year40/41€3k€4▼
Trade receivables40-€4
Other amounts receivable41€3k-
Cash at bank and in hand54/58€146k€10k▼
Deferred charges and accrued income490/1€32k€31k▼
Equity and liabilities
Total equity and liabilities10/49€710k€566k▼
Equity10/15€571k€524k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€509k€462k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€503k€456k▼
Amounts payable17/49€138k€42k▼
Amounts payable within one year42/48€138k€41k▼
Trade debts44€59k€3k▼
Suppliers440/4€59k€3k▼
Advances received on contracts in progress46€63k-
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48€15k€26k▲
Accrued charges and deferred income492/3€744€744=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€56k€56k▼
Gross operating margin9900€113k€104k▼
Operating profit (loss)9901€54k€45k▼
Financial charges65/66B€-51-
Recurring financial charges65€-51-
Profit (loss) for the period before taxes9903€54k€45k▼
Income taxes67/77€16k€12k▼
Profit (loss) for the period9904€38k€33k▼
Profit (loss) for the period to be appropriated9905€38k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€33k▼
Transfer from equity791/2-€80k
Transfer to equity691/2€38k€33k▼
To other reserves6921€38k€33k▼
Profit to be distributed694/7-€80k
Return on contributions (dividend)694-€80k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €3k | €3k | €3k | = |
| Other operating charges640/8 | - | €50k | €51k | €56k | €56k | ▼ 0.3% |
| Gross operating margin9900 | €92k | €90k | €129k | €113k | €104k | ▼ 7.9% |
| Operating profit (loss)9901 | €44k | €40k | €74k | €54k | €45k | ▼ 16.2% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | - | €51 | €-51 | - | - |
| Recurring financial charges65 | - | - | €51 | €-51 | - | - |
| Profit (loss) for the period before taxes9903 | €44k | €40k | €74k | €54k | €45k | ▼ 16.3% |
| Income taxes67/77 | €10k | €11k | €19k | €16k | €12k | ▼ 22.0% |
| Profit (loss) for the period9904 | €35k | €30k | €56k | €38k | €33k | ▼ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €35k | €30k | €56k | €38k | €33k | ▼ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €535k | €531k | €616k | €710k | €566k | ▼ 20.2% |
| Fixed assets21/28 | €470k | €470k | €531k | €528k | €525k | ▼ 0.6% |
| Tangible fixed assets22/27 | €470k | €470k | €531k | €528k | €525k | ▼ 0.6% |
| Other tangible fixed assets26 | - | €470k | €531k | €528k | €525k | ▼ 0.6% |
| Current assets29/58 | €65k | €61k | €85k | €182k | €41k | ▼ 77.2% |
| Amounts receivable within one year40/41 | - | - | - | €3k | €4 | ▼ 99.9% |
| Trade receivables40 | - | - | - | - | €4 | - |
| Other amounts receivable41 | - | - | - | €3k | - | - |
| Cash at bank and in hand54/58 | €65k | €55k | €56k | €146k | €10k | ▼ 92.9% |
| Deferred charges and accrued income490/1 | - | €6k | €28k | €32k | €31k | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €535k | €531k | €616k | €710k | €566k | ▼ 20.2% |
| Equity10/15 | €498k | €478k | €533k | €571k | €524k | ▼ 8.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €436k | €416k | €471k | €509k | €462k | ▼ 9.3% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €409k | €465k | €503k | €456k | ▼ 9.4% |
| Amounts payable17/49 | €37k | €53k | €82k | €138k | €42k | ▼ 69.6% |
| Amounts payable within one year42/48 | €36k | €53k | €82k | €138k | €41k | ▼ 70.0% |
| Trade debts44 | €27k | €27k | €3k | €59k | €3k | ▼ 95.6% |
| Suppliers440/4 | - | €27k | €3k | €59k | €3k | ▼ 95.6% |
| Advances received on contracts in progress46 | - | - | - | €63k | - | - |
| Taxes, remuneration and social security45 | - | €11k | €4k | - | €12k | - |
| Taxes450/3 | - | €11k | €4k | - | €12k | - |
| Other amounts payable47/48 | - | €15k | €75k | €15k | €26k | ▲ 72.1% |
| Accrued charges and deferred income492/3 | - | €744 | €744 | €744 | €744 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €30k | €56k | €38k | €33k | ▼ 13.9% |
| + Depreciation and write-downs630 | - | - | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €35k | €30k | €59k | €41k | €36k | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | €0 | €-64k | €0 | €0 | - |
| Change in cash | - | €-10k | €2k | €90k | €-136k | ▼ 251% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €56k ▲88.2%
Net result €56k, the highest in the series.
30-06
Financial
Equity above €500kEq €533k ▲11.6%
5 profitable years in a row build equity to €533k.
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €30k ▼15.2%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 1.79
Current ratio from 0.89 to 1.79; short-term debt falls from €55k to €36k.
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-01
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 4 acts read
About the unread acts
We know of 4 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
4 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, Mortsel · 1 establishment unit since 1993
Ground area
8,018 m²
Building footprint
7,927 m²
Volume, LiDAR
61,715 m³
Parcel 11512B0005/00S008, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Krijgsbaan 51, 2640 Mortsel
since 19932.064.300.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11512B0005/00S008 | Flanders | 8,018 m² | 1 · 7,927 m² | 14.7 m · 3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded29-09-1993
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.