FIDUC
ActiveSummary
FIDUC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €708,201 and a net result of -€3,578. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 91% of 7098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
short-term debt: 0.2% and cash: 4.5% of total assets, and 6.9% 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
Four signals. The signal on the left, the evidence on the right.
−lowers 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
93.1%
Return on assets
-0.5%
Age of the figures
9 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
42 d early
2023
86 d early
2022
104 d early
2021
55 d early
2020
65 d early
2019
59 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 67 days before the deadline; the sector median for financial year 2024 is 6 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€708,201▼ 0.5%
2024 · €711,779
Total assets
€760,634▼ 2.7%
2024 · €781,872
Net result
-€3,578▲ 64.8%
2024 · -€10,167
Working capital
€285,529▲ 3.9%
2024 · €274,935
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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-€22,982▼ 21.2%-€25,270▼ 10.0%€183,094-€16,766-€9,357▲ 44.2%
Net result-€21,164below the sector's middle half▼ 0.3%-€22,959below the sector's middle half▼ 8.5%€174,780above the sector's middle half-€10,167below the sector's middle half-€3,578below the sector's middle half▲ 64.8%
Equity€570,125above the sector's middle half▼ 3.6%€547,166above the sector's middle half▼ 4.0%€721,946above the sector's middle half▲ 31.9%€711,779above the sector's middle half▼ 1.4%€708,201above the sector's middle half▼ 0.5%
Total assets€731,361above the sector's middle half▼ 3.7%€703,885above the sector's middle half▼ 3.8%€797,278above the sector's middle half▲ 13.3%€781,872above the sector's middle half▼ 1.9%€760,634above the sector's middle half▼ 2.7%
Debt€99,952▼ 3.9%€98,024▼ 1.9%€19,224▼ 80.4%€16,572▼ 13.8%€1,500▼ 90.9%
Working capital-€49,921below the sector's middle half▼ 25.3%-€57,746below the sector's middle half▼ 15.7%€269,005above the sector's middle half€274,935above the sector's middle half▲ 2.2%€285,529above the sector's middle half▲ 3.9%
Solvency78.0%above the sector's middle half▲ 0.1pp77.7%above the sector's middle half▼ 0.2pp90.6%above the sector's middle half▲ 12.8pp91.0%above the sector's middle half▲ 0.5pp93.1%above the sector's middle half▲ 2.1pp
Current ratio0.50below the sector's middle half▼ 0.100.41below the sector's middle half▼ 0.0914.99above the sector's middle half▲ 14.5818.61above the sector's middle half▲ 3.62
Return on assets (ROA)-2.9%below the sector's middle half▼ 0.1pp-3.3%below the sector's middle half▼ 0.4pp21.9%within the sector's middle half▲ 25.2pp-1.3%below the sector's middle half▼ 23.2pp-0.5%below the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,357 in 2025 against €16,766 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760,634
Fixed assets
€473,605 ▼ 3.6%
Current assets
€287,029 ▼ 1.2%
Equity and liabilities €760,634
Equity
€708,201 ▼ 0.5%
Provisions
€50,934 ▼ 4.8%
Debt
€1,500 ▼ 90.9%
Debt's share of the balance-sheet total falls from 2.1% to 0.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8,365▲
2024 · €956
Cash flow
€14,144▲
2024 · €7,555
Debt to equity
0.00▼
2024 · 0.02
ROE
-0.5%▲
2024 · -1.4%
Interest coverage
111.54▲
2024 · 13.01
Debt ≤ 1 year
€1,500▼
2024 · €15,610
Income taxes
€479
A ratio outside any meaningful range has been withheld (balance sheet total €760,634, equity €708,201).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 8,611 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 | - | - | €211,013 | €350 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,722 | €17,722 | €17,722 | €17,722 | €17,722 | = |
| Other operating charges640/8 | €4,538 | €4,455 | €4,236 | €1,179 | €584 | ▼ 50.4% |
| Gross operating margin9900 | -€723 | -€3,093 | €205,053 | €2,135 | €8,949 | ▲ 319% |
| Operating profit (loss)9901 | -€22,982 | -€25,270 | €183,094 | -€16,766 | -€9,357 | ▲ 44.2% |
| Financial income75/76B | - | - | €119 | €4,085 | €3,745 | ▼ 8.3% |
| Recurring financial income75 | - | - | €119 | €4,085 | €3,745 | ▼ 8.3% |
| Financial charges65/66B | €532 | €77 | €12 | €74 | €75 | ▲ 2.0% |
| Recurring financial charges65 | €532 | €77 | €12 | €74 | €75 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€23,514 | -€25,346 | €183,202 | -€12,754 | -€5,686 | ▲ 55.4% |
| Transfer from deferred taxes780 | €2,587 | €2,587 | €2,587 | €2,587 | €2,587 | = |
| Income taxes67/77 | €237 | €200 | €11,009 | - | €479 | - |
| Profit (loss) for the period9904 | -€21,164 | -€22,959 | €174,780 | -€10,167 | -€3,578 | ▲ 64.8% |
| Transfer from tax-exempt reserves789 | €6,334 | €6,334 | €6,334 | €6,334 | €6,334 | = |
| Profit (loss) for the period to be appropriated9905 | -€14,829 | -€16,625 | €181,114 | -€3,832 | €2,756 | ▲ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €731,361 | €703,885 | €797,278 | €781,872 | €760,634 | ▼ 2.7% |
| Fixed assets21/28 | €681,329 | €663,607 | €509,049 | €491,327 | €473,605 | ▼ 3.6% |
| Tangible fixed assets22/27 | €681,329 | €663,607 | €509,049 | €491,327 | €473,605 | ▼ 3.6% |
| Land and buildings22 | €681,329 | €663,607 | €509,049 | €491,327 | €473,605 | ▼ 3.6% |
| Current assets29/58 | €50,031 | €40,278 | €288,229 | €290,545 | €287,029 | ▼ 1.2% |
| Amounts receivable within one year40/41 | - | - | €14,077 | €15,302 | €1,870 | ▼ 87.8% |
| Other amounts receivable41 | - | - | €14,077 | €15,302 | €1,870 | ▼ 87.8% |
| Current investments50/53 | - | €39,500 | - | - | €250,000 | - |
| Cash at bank and in hand54/58 | €50,031 | €778 | €274,153 | €275,242 | €34,416 | ▼ 87.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €744 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €731,361 | €703,885 | €797,278 | €781,872 | €760,634 | ▼ 2.7% |
| Equity10/15 | €570,125 | €547,166 | €721,946 | €711,779 | €708,201 | ▼ 0.5% |
| Contributions10/11 | €576,352 | €576,352 | €576,352 | €576,352 | €576,352 | = |
| Capital10 | €576,352 | €576,352 | €576,352 | €576,352 | €576,352 | = |
| Issued capital100 | €576,352 | €576,352 | €576,352 | €576,352 | €576,352 | = |
| Reserves13 | €153,108 | €146,774 | €140,698 | €134,364 | €128,167 | ▼ 4.6% |
| Non-distributable reserves130/1 | - | - | €259 | €259 | €397 | ▲ 53.3% |
| Legal reserve130 | - | - | €259 | €259 | €397 | ▲ 53.3% |
| Tax-exempt reserves132 | €153,108 | €146,774 | €140,439 | €134,105 | €127,770 | ▼ 4.7% |
| Profit (loss) carried forward14 | -€159,335 | -€175,960 | €4,895 | €1,063 | €3,681 | ▲ 246% |
| Provisions and deferred taxes16 | €61,283 | €58,696 | €56,108 | €53,521 | €50,934 | ▼ 4.8% |
| Deferred taxes168 | €61,283 | €58,696 | €56,108 | €53,521 | €50,934 | ▼ 4.8% |
| Amounts payable17/49 | €99,952 | €98,024 | €19,224 | €16,572 | €1,500 | ▼ 90.9% |
| Amounts payable within one year42/48 | €99,952 | €98,024 | €19,224 | €15,610 | €1,500 | ▼ 90.4% |
| Trade debts44 | €491 | €1,771 | €1,015 | - | €1,500 | - |
| Suppliers440/4 | €491 | €1,771 | €1,015 | - | €1,500 | - |
| Taxes, remuneration and social security45 | €463 | €437 | - | - | - | - |
| Taxes450/3 | €463 | €437 | - | - | - | - |
| Other amounts payable47/48 | €98,999 | €95,816 | €18,210 | €15,610 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €962 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,164 | -€22,959 | €174,780 | -€10,167 | -€3,578 | ▲ 64.8% |
| + Depreciation and write-downs630 | €17,722 | €17,722 | €17,722 | €17,722 | €17,722 | = |
| Operating cash flow (approximation) | -€3,442 | -€5,237 | €192,502 | €7,555 | €14,144 | ▲ 87.2% |
| Investment in fixed assets (approximation) | - | €0 | €136,837 | €0 | €0 | - |
| Change in cash | - | -€49,253 | €273,375 | €1,090 | -€240,827 | ▼ 22,204% |
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
10-09
State Gazette act
Capital & shares · MiscellaneousCapital decrease · Statutes amendment · Capital5 facts ▸
State Gazette act
Capital & shares · Miscellaneous
Capital decrease · Statutes amendment · Capital5 facts ▸
- General meeting, 2026-09
- Capital decrease, €500.000
- Other statement, het kapitaal van de vennootschap in overeenstemming te brengen met de huidige en toekomstige financiële/economische behoeften van de vennootschap
- Statutes amendment, 5
- Capital, €76.352,45
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 10current ratio 191.35
Current ratio from 18.61 to 191.35; short-term debt falls from €15,610 to €1,500.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €174,780
Net result €174,780 after 4 loss-making years.
31-12
Financial
Liquidity times 36current ratio 14.99
Current ratio from 0.41 to 14.99; short-term debt falls from €98,024 to €19,224.
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€26,491
Net result drops to -€26,491, the lowest in the series; recovery starts the following year.
Show earlier events
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
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.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1989
Ground area
224 m²
Building footprint
152 m²
Volume, LiDAR
1,882 m³
Parcel 11002A1179/00C000, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FIDUC
since 19892.044.980.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1179/00C000 | Flanders | 224 m² | 1 · 152 m² | 15.9 m · 4 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.
Articles of association
Other statement
One provision in the deed
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 10-09-2026 Capital reduction of 500,000 EUR · to 76,352.45 EUR · repaid to the shareholders
Recognitions · licences · registrations
Legal Entity Identifier
967600HZ2QPR4WUL0923
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 1,886 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-08-1989
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438199676
Also
9925:BE0438199676
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.