FIDUCIAT
ActiveSummary
FIDUCIAT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94,994 and a net result of €13,913. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 1743 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-10
Solvency38▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.45 against 0.64 in 2023; short-term debt: 13.5% and cash: 5.7% of total assets), and 86.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.4%
Return on assets
2%
Age of the figures
21 mo
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €94,994
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-01-2026, 155 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
155 d late
2023
175 d late
2022
205 d late
2021
312 d late
2020
109 d late
2019
126 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 180 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,913▼ 75.4%
2023 · €56,520
Working capital
-€52,729▲ 18.2%
2023 · -€64,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20202021202220232024
Operating result€12,027€19,821▲ 64.8%€23,378▲ 17.9%€81,355▲ 248%€39,583▼ 51.3%
Net result€8,195within the sector's middle half€11,708within the sector's middle half▲ 42.9%€13,390below the sector's middle half▲ 14.4%€56,520within the sector's middle half▲ 322%€13,913below the sector's middle half▼ 75.4%
Equity-€537below the sector's middle half▲ 93.8%€11,170below the sector's middle half€24,560below the sector's middle half▲ 120%€81,080within the sector's middle half▲ 230%€94,994within the sector's middle half▲ 17.2%
Total assets€64,812below the sector's middle half▼ 59.4%€428,453within the sector's middle half▲ 561%€439,630within the sector's middle half▲ 2.6%€570,242within the sector's middle half▲ 29.7%€707,850within the sector's middle half▲ 24.1%
Debt€60,599▼ 62.9%€417,283▲ 589%€415,070▼ 0.5%€489,162▲ 17.9%€612,857▲ 25.3%
Working capital-€11,000below the sector's middle half▲ 53.6%-€64,938below the sector's middle half▼ 490%-€78,289below the sector's middle half▼ 20.6%-€64,464below the sector's middle half▲ 17.7%-€52,729below the sector's middle half▲ 18.2%
Solvency-0.8%below the sector's middle half▲ 4.6pp2.6%below the sector's middle half▲ 3.4pp5.6%below the sector's middle half▲ 3.0pp14.2%within the sector's middle half▲ 8.6pp13.4%within the sector's middle half▼ 0.8pp
Current ratio0.56below the sector's middle half▼ 0.210.14below the sector's middle half▼ 0.420.01below the sector's middle half▼ 0.130.64below the sector's middle half▲ 0.630.45below the sector's middle half▼ 0.19
Return on assets (ROA)12.6%within the sector's middle half▲ 14.4pp2.7%within the sector's middle half▼ 9.9pp3.0%within the sector's middle half▲ 0.3pp9.9%within the sector's middle half▲ 6.9pp2.0%below the sector's middle half▼ 7.9pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 51% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €707,850
Fixed assets
€664,745 ▲ 46.0%
Current assets
€43,106 ▼ 62.5%
Equity and liabilities €707,850
Equity
€94,994 ▲ 17.2%
Debt
€612,857 ▲ 25.3%
Debt's share of the balance-sheet total rises from 85.8% to 86.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,905▼
2023 · €110,470
Cash flow
€50,235▼
2023 · €85,635
Debt to equity
6.45▲
2023 · 6.03
ROE
14.6%▼
2023 · 69.7%
Interest coverage
7.27▼
2023 · 19.62
Debt ≤ 1 year
€95,835▼
2023 · €179,367
Debt > 1 year
€517,022▲
2023 · €309,795
Income taxes
€15,563▼
2023 · €19,228
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 0.2% 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,750 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,178 | €42,664 | €27,112 | €29,115 | €36,322 | ▲ 24.8% |
| Other operating charges640/8 | - | €19,116 | €8,332 | €21,661 | €17,153 | ▼ 20.8% |
| Gross operating margin9900 | €81,147 | €81,602 | €58,822 | €132,130 | €93,058 | ▼ 29.6% |
| Operating profit (loss)9901 | €12,027 | €19,821 | €23,378 | €81,355 | €39,583 | ▼ 51.3% |
| Financial income75/76B | - | €0 | €1,133 | €23 | €340 | ▲ 1,362% |
| Recurring financial income75 | - | €0 | €1,133 | €23 | €340 | ▲ 1,362% |
| Financial charges65/66B | - | €4,896 | €6,485 | €5,630 | €10,447 | ▲ 85.6% |
| Recurring financial charges65 | €1,379 | €4,896 | €6,485 | €5,630 | €10,447 | ▲ 85.6% |
| Profit (loss) for the period before taxes9903 | €10,648 | €14,926 | €18,026 | €75,748 | €29,477 | ▼ 61.1% |
| Income taxes67/77 | €2,453 | €3,218 | €4,637 | €19,228 | €15,563 | ▼ 19.1% |
| Profit (loss) for the period9904 | €8,195 | €11,708 | €13,390 | €56,520 | €13,913 | ▼ 75.4% |
| Profit (loss) for the period to be appropriated9905 | €8,195 | €11,708 | €13,390 | €56,520 | €13,913 | ▼ 75.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,812 | €428,453 | €439,630 | €570,242 | €707,850 | ▲ 24.1% |
| Fixed assets21/28 | €51,055 | €418,091 | €438,925 | €455,339 | €664,745 | ▲ 46.0% |
| Intangible fixed assets21 | €26,749 | €5,314 | - | - | - | - |
| Tangible fixed assets22/27 | €24,306 | €412,777 | €438,925 | €455,339 | €664,745 | ▲ 46.0% |
| Land and buildings22 | - | €391,249 | €389,398 | €387,547 | €614,023 | ▲ 58.4% |
| Plant, machinery and equipment23 | - | - | - | - | €2,062 | - |
| Furniture and vehicles24 | - | €21,528 | €49,527 | €67,792 | €48,660 | ▼ 28.2% |
| Current assets29/58 | €13,757 | €10,362 | €704 | €114,903 | €43,106 | ▼ 62.5% |
| Amounts receivable within one year40/41 | €12,212 | €173 | €703 | €59,903 | €3,104 | ▼ 94.8% |
| Trade receivables40 | - | - | - | €59,516 | €3,102 | ▼ 94.8% |
| Other amounts receivable41 | - | €173 | €703 | €387 | €2 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €1,545 | €10,189 | €1 | €55,000 | €40,002 | ▼ 27.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,812 | €428,453 | €439,630 | €570,242 | €707,850 | ▲ 24.1% |
| Equity10/15 | -€537 | €11,170 | €24,560 | €81,080 | €94,994 | ▲ 17.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €63 | €63 | €63 | €63 | €63 | = |
| Non-distributable reserves130/1 | - | €63 | €63 | €63 | €63 | = |
| Legal reserve130 | - | €63 | €63 | €63 | €63 | = |
| Profit (loss) carried forward14 | -€6,800 | €4,907 | €18,297 | €74,817 | €88,730 | ▲ 18.6% |
| Provisions and deferred taxes16 | €4,750 | - | - | - | - | - |
| Amounts payable17/49 | €60,599 | €417,283 | €415,070 | €489,162 | €612,857 | ▲ 25.3% |
| Amounts payable after more than one year17 | €35,842 | €341,982 | €336,076 | €309,795 | €517,022 | ▲ 66.9% |
| Financial debts170/4 | - | €341,982 | €336,076 | €309,795 | €517,022 | ▲ 66.9% |
| Amounts payable within one year42/48 | €24,757 | €75,301 | €78,994 | €179,367 | €95,835 | ▼ 46.6% |
| Current portion of amounts payable after more than one year42 | - | €7,402 | - | - | €2,218 | - |
| Financial debts43 | - | - | €1,729 | - | - | - |
| Credit institutions430/8 | - | - | €1,729 | - | - | - |
| Trade debts44 | €4,826 | €7,756 | €6,883 | €54,187 | €12,387 | ▼ 77.1% |
| Suppliers440/4 | - | €7,756 | €6,883 | €54,187 | €12,387 | ▼ 77.1% |
| Taxes, remuneration and social security45 | - | €7,924 | €10,494 | €53,664 | €51,572 | ▼ 3.9% |
| Taxes450/3 | - | €7,400 | €10,494 | €53,664 | €51,572 | ▼ 3.9% |
| Remuneration and social security454/9 | - | €524 | - | - | - | - |
| Other amounts payable47/48 | - | €52,218 | €59,888 | €71,516 | €29,658 | ▼ 58.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,195 | €11,708 | €13,390 | €56,520 | €13,913 | ▼ 75.4% |
| + Depreciation and write-downs630 | €40,178 | €42,664 | €27,112 | €29,115 | €36,322 | ▲ 24.8% |
| Operating cash flow (approximation) | €48,373 | €54,372 | €40,501 | €85,635 | €50,235 | ▼ 41.3% |
| Investment in fixed assets (approximation) | - | -€409,700 | -€47,946 | -€45,529 | -€245,727 | ▼ 440% |
| Change in cash | - | €8,644 | -€10,188 | €54,999 | -€14,998 | ▼ 127% |
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
2026
27-03
State Gazette act
Appointments: El Baroudi Youssef (director) and Leys Mike (director)Reappointment: Boumaaza Faïçal (director) · Power of attorney5 facts ▸
State Gazette act
Appointments: El Baroudi Youssef (director) and Leys Mike (director)
Reappointment: Boumaaza Faïçal (director) · Power of attorney5 facts ▸
- General meeting, 02/03/2026
- Director appointment, El Baroudi Youssef (director)
- Director appointment, Leys Mike (director)
- Director reappointment, Boumaaza Faïçal (director)
- Power of attorney, Boumaaza Faïçal
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 155 days late
2025
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 175 days late
2024
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 205 days late
2023
31-12
Financial
Highest result since 2018net €56,520 ▲322%
Operating result €81,355, net result €56,520, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 312 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 109 days late
2020
31-12
Financial
Back to profitnet €8,195
Net result €8,195 after 2 loss-making years.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 126 days late
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 34 days late
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 72 days late
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 73 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26043372). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
El Baroudi Youssef
CurrentDirector · since 02-03-2026
Leys Mike
CurrentDirector · since 02-03-2026
BOUMAAZA Faïçal
CurrentDirector
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, La Hulpe · 1 establishment unit since 2015
Ground area
255 m²
Building footprint
73 m²
Volume, LiDAR
572 m³
Parcel 25050B0324/00F007, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FIDUCIAT
since 20152.242.352.463
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050B0324/00F007 | Wallonia | 254 m² | 1 · 73 m² | 10.2 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.
Mandate history
3 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| El Baroudi Youssef |
|
| Leys Mike |
|
| BOUMAAZA Faïçal |
|
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 2,264 companies in sector 69209 we hold annual accounts for 1,101. 856 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 (pre-2019)
Founded09-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628466166
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.