FIDICORE
ActiveSummary
FIDICORE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €923,853 and a net result of €317,998. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 31% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+18
Solvency37▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.6 against 0.39 in 2024; short-term debt: 14.4% and cash: 4.7% of total assets), and 87.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
12.4%
Return on assets
4.3%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
4 d early
2023
6 d early
2022
1 d late
2021
6 d early
2020
32 d early
2019
17 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 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€923,853▲ 52.5%
2024 · €605,855
Total assets
€7.4m▼ 4.4%
2024 · €7.8m
Net result
€317,998▲ 335%
2024 · €73,032
Working capital
-€432,032▲ 52.7%
2024 · -€912,440
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€114,180▲ 19.5%€228,990▲ 101%€202,619▼ 11.5%€281,048▲ 38.7%€690,303▲ 146%
Net result€33,129above the sector's middle half▼ 6.2%€98,828above the sector's middle half▲ 198%€59,873above the sector's middle half▼ 39.4%€73,032within the sector's middle half▲ 22.0%€317,998above the sector's middle half▲ 335%
Equity€374,122above the sector's middle half▲ 9.7%€472,950above the sector's middle half▲ 26.4%€532,823above the sector's middle half▲ 12.7%€605,855within the sector's middle half▲ 13.7%€923,853within the sector's middle half▲ 52.5%
Total assets€5.4mabove the sector's middle half▲ 105%€6.1mabove the sector's middle half▲ 13.0%€7.1mabove the sector's middle half▲ 14.7%€7.8mabove the sector's middle half▲ 10.5%€7.4mabove the sector's middle half▼ 4.4%
Debt€5.1m▲ 120%€5.7m▲ 12.1%€6.5m▲ 14.9%€7.2m▲ 10.2%€6.5m▼ 9.2%
Working capital-€424,216below the sector's middle half▲ 40.7%-€488,673below the sector's middle half▼ 15.2%-€629,981below the sector's middle half▼ 28.9%-€912,440below the sector's middle half▼ 44.8%-€432,032below the sector's middle half▲ 52.7%
Solvency6.9%within the sector's middle half▼ 6.0pp7.7%within the sector's middle half▲ 0.8pp7.6%within the sector's middle half▼ 0.1pp7.8%below the sector's middle half▲ 0.2pp12.4%within the sector's middle half▲ 4.6pp
Current ratio0.47within the sector's middle half▲ 0.370.53within the sector's middle half▲ 0.060.44within the sector's middle half▼ 0.090.39below the sector's middle half▼ 0.050.60within the sector's middle half▲ 0.20
Return on assets (ROA)0.6%within the sector's middle half▼ 0.7pp1.6%within the sector's middle half▲ 1.0pp0.8%within the sector's middle half▼ 0.8pp0.9%within the sector's middle half▲ 0.1pp4.3%within the sector's middle half▲ 3.3pp
Staff (FTE)0.40.7▲ 75.0%5.9▲ 743%13.2above the sector's middle half▲ 124%10.9above the sector's middle half▼ 17.4%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Staff (FTE) +124% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 146% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.4m
Fixed assets
€6.8m ▼ 5.5%
Current assets
€641,043 ▲ 8.7%
Equity and liabilities €7.4m
Equity
€923,853 ▲ 52.5%
Provisions
€2,096 ▼ 48.3%
Debt
€6.5m ▼ 9.2%
Debt's share of the balance-sheet total falls from 92.2% to 87.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.1m▲
2024 · €679,275
Cash flow
€720,421▲
2024 · €471,259
Debt to equity
7.05▼
2024 · 11.85
ROE
34.4%▲
2024 · 12.1%
Interest coverage
5.53▲
2024 · 3.83
Debt ≤ 1 year
€1.1m▼
2024 · €1.5m
Debt > 1 year
€5.4m▼
2024 · €5.6m
Income taxes
€176,720▲
2024 · €35,867
Staff costs
€145,205▲
2024 · €136,559
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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 4,105 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €100,000 | - | - | €160,816 | - |
| Remuneration, social security and pensions62 | - | €61,844 | €94,063 | €136,559 | €145,205 | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €365,679 | €515,949 | €247,834 | €398,227 | €402,423 | ▲ 1.1% |
| Other operating charges640/8 | - | €17,431 | €21,896 | €13,047 | €82,237 | ▲ 530% |
| Non-recurring operating charges66A | - | - | €208 | €64,024 | - | - |
| Gross operating margin9900 | €576,923 | €824,213 | €566,621 | €892,905 | €1.3m | ▲ 47.9% |
| Operating profit (loss)9901 | €114,180 | €228,990 | €202,619 | €281,048 | €690,303 | ▲ 146% |
| Financial income75/76B | - | €4,475 | €352 | €3,171 | €149 | ▼ 95.3% |
| Recurring financial income75 | €19 | €4,475 | €352 | €3,171 | €149 | ▼ 95.3% |
| Financial charges65/66B | - | €93,613 | €117,186 | €177,280 | €197,694 | ▲ 11.5% |
| Recurring financial charges65 | €70,265 | €93,613 | €117,186 | €177,280 | €197,694 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | €43,934 | €139,852 | €85,785 | €106,939 | €492,758 | ▲ 361% |
| Transfer from deferred taxes780 | - | €3,411 | €1,960 | €1,960 | €1,960 | = |
| Income taxes67/77 | €14,435 | €44,435 | €27,872 | €35,867 | €176,720 | ▲ 393% |
| Profit (loss) for the period9904 | €33,129 | €98,828 | €59,873 | €73,032 | €317,998 | ▲ 335% |
| Transfer from tax-exempt reserves789 | - | €6,622 | €3,805 | €3,805 | €3,805 | = |
| Profit (loss) for the period to be appropriated9905 | €40,175 | €105,450 | €63,678 | €76,837 | €321,803 | ▲ 319% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €6.1m | €7.1m | €7.8m | €7.4m | ▼ 4.4% |
| Fixed assets21/28 | €5.1m | €5.6m | €6.6m | €7.2m | €6.8m | ▼ 5.5% |
| Intangible fixed assets21 | €142,521 | €127,521 | €112,521 | €97,521 | €82,521 | ▼ 15.4% |
| Tangible fixed assets22/27 | €4.9m | €5.5m | €6.4m | €7.1m | €6.7m | ▼ 5.4% |
| Land and buildings22 | - | €5.2m | €6.0m | €6.6m | €5.9m | ▼ 9.6% |
| Plant, machinery and equipment23 | - | €21,936 | €47,081 | €79,148 | €69,951 | ▼ 11.6% |
| Furniture and vehicles24 | - | €257,495 | €426,505 | €469,513 | €727,402 | ▲ 54.9% |
| Financial fixed assets28 | €623 | €623 | €623 | €623 | €623 | = |
| Current assets29/58 | €371,795 | €555,534 | €494,415 | €589,613 | €641,043 | ▲ 8.7% |
| Amounts receivable after more than one year29 | - | €91,920 | €91,920 | €91,920 | €91,920 | = |
| Other amounts receivable291 | - | €91,920 | €91,920 | €91,920 | €91,920 | = |
| Amounts receivable within one year40/41 | €116,206 | €351,420 | €336,971 | €128,282 | €196,018 | ▲ 52.8% |
| Trade receivables40 | - | €350,802 | €328,947 | €121,459 | €188,564 | ▲ 55.2% |
| Other amounts receivable41 | - | €619 | €8,024 | €6,822 | €7,454 | ▲ 9.3% |
| Cash at bank and in hand54/58 | €163,745 | €105,875 | €62,236 | €366,124 | €349,818 | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | €6,319 | €3,288 | €3,288 | €3,288 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €6.1m | €7.1m | €7.8m | €7.4m | ▼ 4.4% |
| Equity10/15 | €374,122 | €472,950 | €532,823 | €605,855 | €923,853 | ▲ 52.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €49,713 | €148,091 | €207,286 | €279,481 | €595,676 | ▲ 113% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €34,231 | €30,426 | €26,621 | €22,816 | ▼ 14.3% |
| Distributable reserves133 | - | €112,000 | €175,000 | €251,000 | €571,000 | ▲ 127% |
| Profit (loss) carried forward14 | €318,209 | €318,659 | €319,337 | €320,174 | €321,977 | ▲ 0.6% |
| Provisions and deferred taxes16 | €11,388 | €7,976 | €6,016 | €4,056 | €2,096 | ▼ 48.3% |
| Deferred taxes168 | - | €7,976 | €6,016 | €4,056 | €2,096 | ▼ 48.3% |
| Amounts payable17/49 | €5.1m | €5.7m | €6.5m | €7.2m | €6.5m | ▼ 9.2% |
| Amounts payable after more than one year17 | €4.2m | €4.6m | €5.4m | €5.6m | €5.4m | ▼ 4.3% |
| Financial debts170/4 | - | €4.6m | €5.4m | €5.6m | €5.4m | ▼ 4.3% |
| Amounts payable within one year42/48 | €796,011 | €1.0m | €1.1m | €1.5m | €1.1m | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | - | €606,711 | €642,772 | €878,804 | €572,008 | ▼ 34.9% |
| Financial debts43 | - | - | - | €7,695 | - | - |
| Credit institutions430/8 | - | - | - | €7,695 | - | - |
| Trade debts44 | €44,696 | €88,808 | €62,176 | €46,357 | €147,361 | ▲ 218% |
| Suppliers440/4 | - | €88,808 | €62,176 | €46,357 | €147,361 | ▲ 218% |
| Taxes, remuneration and social security45 | - | €151,927 | €122,457 | €151,568 | €265,783 | ▲ 75.4% |
| Taxes450/3 | - | €146,610 | €116,939 | €135,299 | €259,178 | ▲ 91.6% |
| Remuneration and social security454/9 | - | €5,317 | €5,517 | €16,269 | €6,605 | ▼ 59.4% |
| Other amounts payable47/48 | - | €196,761 | €296,991 | €417,629 | €87,923 | ▼ 78.9% |
| Accrued charges and deferred income492/3 | - | €29,522 | €36,326 | €53,856 | €66,695 | ▲ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,129 | €98,828 | €59,873 | €73,032 | €317,998 | ▲ 335% |
| + Depreciation and write-downs630 | €365,679 | €515,949 | €247,834 | €398,227 | €402,423 | ▲ 1.1% |
| Operating cash flow (approximation) | €398,808 | €614,776 | €307,707 | €471,259 | €720,421 | ▲ 52.9% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€1.2m | -€1.0m | -€6,439 | ▲ 99.4% |
| Change in cash | - | -€57,870 | -€43,638 | €303,888 | -€16,306 | ▼ 105% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €317,998 ▲335%
Operating result €690,303, net result €317,998, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €500,000Eq €532,823 ▲12.7%
5 profitable years in a row build equity to €532,823.
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €33,129 ▼6.2%
Net result drops to €33,129, the lowest in the series; recovery starts the following year.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-01
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Brussel · 2 establishment units since 2008
Ground area
5,437 m²
Building footprint
705 m²
Volume, LiDAR
6,909 m³
2 parcels, Brussels, Flanders · tallest building 21.0 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Fidicore
since 20082.169.408.364
hotel Torenhof
since 20212.314.775.138
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0763/00V000 | Flanders | 5,221 m² | 1 · 528 m² | 16.3 m · 2 fl. |
| 21812N1439/00K000 | Brussels | 216 m² | 1 · 177 m² | 21.0 m · 7 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.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 25,785 EUR awarded · 12,444 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 25,785 EUR | 12,444 EUR |
| 2024 | 1 | -2,196 EUR | 0 EUR |
| 2022 | 1 | 2,196 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Martens-Latem2.314.775.138
Similar companies · same sector, comparable size
DE LOSSY
BE 0466.840.412
Gent · Eq €922,628
MOBILITY SUPPORT ROBBERECHTS
BE 0448.959.352
Londerzeel · Eq €922,151
AEF-INVEST
BE 0864.870.707
Kortenberg · Eq €920,990
Immobilière de Marneffe
BE 0683.528.118
Braives · Eq €920,958
IMMOLAND
BE 0429.835.209
Nazareth-De Pinte · Eq €920,914
Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 3,849 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
Founded21-02-2008
Fiscal year end30-06
Activities, NACEBEL 2025
55100Hotels and similar accommodation
68310Real estate agency activities
66220Insurance agents and brokers
Contact
Phone
0479880067Brussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895895166
Also
9925:BE0895895166
Registered
13-02-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.