FIDUCEM
ActiveSummary
FIDUCEM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €34k. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-9
Solvency84▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 1.98 in 2024; short-term debt: 22.8% and cash: 25.2% of total assets), and 40.6% 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 · 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
59.4%
Return on assets
8.7%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
22 d late
2023
23 d early
2022
35 d early
2021
15 d early
2020
40 d early
2019
40 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€232k▲ 17.1%
2024 · €198k
2019: €58k
2020: €56k▼ -4.5% vs 2019lowest in 7 years
2021: €73k▲ +31.2% vs 2020
2022: €97k▲ +32.2% vs 2021
2023: €133k▲ +37.3% vs 2022
2024: €198k▲ +49.1% vs 2023
2025: €232k▲ +17.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€390k▼ 5.2%
2024 · €412k
2019: €298k
2020: €276k▼ -7.5% vs 2019lowest in 7 years
2021: €295k▲ +7.0% vs 2020
2022: €309k▲ +4.8% vs 2021
2023: €403k▲ +30.3% vs 2022
2024: €412k▲ +2.2% vs 2023highest in 7 years
2025: €390k▼ -5.2% vs 2024
2019 → 2025
Net result
€34k▼ 48.2%
2024 · €65k
2019: €4k
2020: €-3k▼ -172% vs 2019lowest in 7 years
2021: €17k▲ +766% vs 2020
2022: €24k▲ +35.3% vs 2021
2023: €36k▲ +53.1% vs 2022
2024: €65k▲ +80.8% vs 2023highest in 7 years
2025: €34k▼ -48.2% vs 2024
2019 → 2025
Working capital
€145k▲ 29.4%
2024 · €112k
2019: €34k
2020: €21k▼ -38.1% vs 2019lowest in 7 years
2021: €35k▲ +65.4% vs 2020
2022: €53k▲ +52.2% vs 2021
2023: €46k▼ -13.1% vs 2022
2024: €112k▲ +146% vs 2023
2025: €145k▲ +29.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€97k▲ 32.2%€133k▲ 37.3%€198k▲ 49.1%€232k▲ 17.1%
2021: €73klowest in 5 years
2022: €97k▲ +32.2% vs 2021
2023: €133k▲ +37.3% vs 2022
2024: €198k▲ +49.1% vs 2023
2025: €232k▲ +17.1% vs 2024highest in 5 years
Operating result€35k-€40k▲ 14.4%€61k▲ 53.7%€107k▲ 75.2%€70k▼ 34.6%
2021: €35klowest in 5 years
2022: €40k▲ +14.4% vs 2021
2023: €61k▲ +53.7% vs 2022
2024: €107k▲ +75.2% vs 2023highest in 5 years
2025: €70k▼ -34.6% vs 2024
Net result€17k-€24k▲ 35.3%€36k▲ 53.1%€65k▲ 80.8%€34k▼ 48.2%
2021: €17klowest in 5 years
2022: €24k▲ +35.3% vs 2021
2023: €36k▲ +53.1% vs 2022
2024: €65k▲ +80.8% vs 2023highest in 5 years
2025: €34k▼ -48.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €390k
Fixed assets
€156k ▼ 15.5%
Current assets
€234k ▲ 3.1%
Equity and liabilities €390k
Equity
€232k ▲ 17.1%
Debt
€158k ▼ 25.9%
Debt's share of the balance-sheet total falls from 51.9% to 40.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101k▼
2024 · €146k
Cash flow
€65k▼
2024 · €104k
Current ratio
2.64▲
2024 · 1.98
Debt to equity
0.68▼
2024 · 1.08
ROE
14.6%▼
2024 · 32.9%
ROA
8.7%▼
2024 · 15.8%
Interest coverage
21.24▲
2024 · 13.00
Debt ≤ 1 year
€89k▼
2024 · €115k
Debt > 1 year
€70k▼
2024 · €99k
Income taxes
€32k▲
2024 · €31k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€412k€390k▼
Fixed assets21/28€185k€156k▼
Tangible fixed assets22/27€185k€156k▼
Land and buildings22€121k€115k▼
Furniture and vehicles24€64k€41k▼
Current assets29/58€227k€234k▲
Amounts receivable after more than one year29€70k€66k▼
Other amounts receivable291€70k€66k▼
Amounts receivable within one year40/41€75k€66k▼
Trade receivables40€75k€61k▼
Other amounts receivable41€823€5k▲
Current investments50/53€30€30=
Cash at bank and in hand54/58€78k€98k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€412k€390k▼
Equity10/15€198k€232k▲
Contributions10/11€25k€25k=
Outside capital11€25k€25k=
Other1109/19€25k€25k=
Reserves13€139k€172k▲
Tax-exempt reserves132€3k€3k=
Distributable reserves133€137k€170k▲
Profit (loss) carried forward14€34k€35k▲
Amounts payable17/49€214k€158k▼
Amounts payable after more than one year17€99k€70k▼
Financial debts170/4€99k€70k▼
Amounts payable within one year42/48€115k€89k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Financial debts43€35k-
Credit institutions430/8€35k-
Trade debts44€10k€17k▲
Suppliers440/4€10k€17k▲
Taxes, remuneration and social security45€34k€34k▲
Taxes450/3€34k€34k▲
Other amounts payable47/48€7k€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€31k▼
Other operating charges640/8€16k€3k▼
Gross operating margin9900€162k€104k▼
Operating profit (loss)9901€107k€70k▼
Financial income75/76B€334€226▼
Recurring financial income75€334€226▼
Financial charges65/66B€11k€5k▼
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€96k€66k▼
Income taxes67/77€31k€32k▲
Profit (loss) for the period9904€65k€34k▼
Profit (loss) for the period to be appropriated9905€65k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€68k▼
Profit (loss) brought forward from the previous period14P€33k€34k▲
Transfer to equity691/2€65k€33k▼
To the legal reserve6920-€33k
To other reserves6921€65k-
The notes to these accounts (11 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 | - | - | €13k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €23k | €39k | €31k | ▼ 20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4k | - | - | - |
| Other operating charges640/8 | - | €3k | €16k | €16k | €3k | ▼ 78.2% |
| Gross operating margin9900 | €50k | €51k | €104k | €162k | €104k | ▼ 35.4% |
| Operating profit (loss)9901 | €35k | €40k | €61k | €107k | €70k | ▼ 34.6% |
| Financial income75/76B | - | €2k | €445 | €334 | €226 | ▼ 32.4% |
| Recurring financial income75 | €2k | €2k | €445 | €334 | €226 | ▼ 32.4% |
| Financial charges65/66B | - | €7k | €9k | €11k | €5k | ▼ 57.6% |
| Recurring financial charges65 | €8k | €7k | €9k | €11k | €5k | ▼ 57.6% |
| Profit (loss) for the period before taxes9903 | €29k | €35k | €53k | €96k | €66k | ▼ 31.9% |
| Income taxes67/77 | €12k | €11k | €17k | €31k | €32k | ▲ 2.2% |
| Profit (loss) for the period9904 | €17k | €24k | €36k | €65k | €34k | ▼ 48.2% |
| Profit (loss) for the period to be appropriated9905 | €17k | €24k | €36k | €65k | €34k | ▼ 48.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295k | €309k | €403k | €412k | €390k | ▼ 5.2% |
| Fixed assets21/28 | €145k | €139k | €223k | €185k | €156k | ▼ 15.5% |
| Intangible fixed assets21 | €3k | €2k | €891 | - | - | - |
| Tangible fixed assets22/27 | €143k | €137k | €222k | €185k | €156k | ▼ 15.5% |
| Land and buildings22 | - | €135k | €129k | €121k | €115k | ▼ 4.8% |
| Furniture and vehicles24 | - | €2k | €93k | €64k | €41k | ▼ 35.7% |
| Current assets29/58 | €150k | €170k | €180k | €227k | €234k | ▲ 3.1% |
| Amounts receivable after more than one year29 | - | €67k | €72k | €70k | €66k | ▼ 6.6% |
| Other amounts receivable291 | - | €67k | €72k | €70k | €66k | ▼ 6.6% |
| Amounts receivable within one year40/41 | €66k | €65k | €67k | €75k | €66k | ▼ 12.2% |
| Trade receivables40 | - | €42k | €63k | €75k | €61k | ▼ 17.7% |
| Other amounts receivable41 | - | €24k | €4k | €823 | €5k | ▲ 479% |
| Current investments50/53 | €30 | €30 | €30 | €30 | €30 | = |
| Cash at bank and in hand54/58 | €24k | €31k | €38k | €78k | €98k | ▲ 26.6% |
| Deferred charges and accrued income490/1 | - | €6k | €2k | €4k | €4k | ▲ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295k | €309k | €403k | €412k | €390k | ▼ 5.2% |
| Equity10/15 | €73k | €97k | €133k | €198k | €232k | ▲ 17.1% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Outside capital11 | - | €25k | €25k | €25k | €25k | = |
| Other1109/19 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €22k | €44k | €74k | €139k | €172k | ▲ 23.7% |
| Non-distributable reserves130/1 | - | €3k | - | - | - | - |
| Reserves not available under the articles1311 | - | €3k | - | - | - | - |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €39k | €72k | €137k | €170k | ▲ 24.2% |
| Profit (loss) carried forward14 | €26k | €27k | €33k | €34k | €35k | ▲ 2.3% |
| Amounts payable17/49 | €222k | €212k | €270k | €214k | €158k | ▼ 25.9% |
| Amounts payable after more than one year17 | €107k | €95k | €134k | €99k | €70k | ▼ 29.7% |
| Financial debts170/4 | - | €95k | €134k | €99k | €70k | ▼ 29.7% |
| Amounts payable within one year42/48 | €115k | €118k | €134k | €115k | €89k | ▼ 22.6% |
| Current portion of amounts payable after more than one year42 | - | €12k | €30k | €28k | €29k | ▲ 3.0% |
| Financial debts43 | - | €76k | €69k | €35k | - | - |
| Credit institutions430/8 | - | €65k | €65k | €35k | - | - |
| Other loans439 | - | €11k | €4k | - | - | - |
| Trade debts44 | €16k | €16k | €15k | €10k | €17k | ▲ 65.7% |
| Suppliers440/4 | - | €16k | €15k | €10k | €17k | ▲ 65.7% |
| Taxes, remuneration and social security45 | - | €14k | €20k | €34k | €34k | ▲ 0.9% |
| Taxes450/3 | - | €14k | €20k | €34k | €34k | ▲ 0.9% |
| Other amounts payable47/48 | - | €338 | €890 | €7k | €9k | ▲ 16.8% |
| Accrued charges and deferred income492/3 | - | - | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €24k | €36k | €65k | €34k | ▼ 48.2% |
| + Depreciation and write-downs630 | €8k | €8k | €23k | €39k | €31k | ▼ 20.0% |
| Operating cash flow (approximation) | €25k | €32k | €59k | €104k | €65k | ▼ 37.7% |
| Investment in fixed assets (approximation) | - | €-2k | €-107k | €-332 | €-2k | ▼ 582% |
| Change in cash | - | €7k | €7k | €39k | €21k | ▼ 47.1% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €232k ▲17.1%
5 profitable years in a row build equity to €232k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Highest result since 2019net €65k ▲80.8%
Operating result €107k, net result €65k, both a record.
31-12
Financial
Equity above €150kEq €198k ▲49.1%
4 profitable years in a row build equity to €198k.
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
Financial
Equity above €100kEq €133k ▲37.3%
3 profitable years in a row build equity to €133k.
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
Show earlier events
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
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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, Ciney · 1 establishment unit since 2006
Ground area
654 m²
Building footprint
171 m²
Parcel 91030A0463/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FIDUCEM
since 20062.275.543.487
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030A0463/00B000 | Wallonia | 654 m² | 1 · 171 m² | - |
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.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,255 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
Founded04-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.