Summary
FIDUSCA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €98.0m and a net result of €743,201. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 6155 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 05-05-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
1 d late
2022
1 d early
2021
95 d late
2020
1 d early
2019
56 d early
← 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 3 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#6 company by total assets in Knokke-Heist, Finance and insurance sector#6 company by equity in Knokke-Heist, Finance and insurance sector
Equity
€98.0m▲ 0.8%
2023 · €97.2m
Net result
€743,201▲ 218%
2023 · €233,404
Total assets
€110.1m▲ 4.4%
2023 · €105.5m
Solvency
89.0%▼ 3.2pp
2023 · 92.2%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€46,316-€225,612▼ 387%-€367,065▼ 62.7%-€374,969▼ 2.2%-€429,881▼ 14.6%
Net result€151,185▼ 99.7%€18.0m▲ 11,802%-€281,641€233,404€743,201▲ 218%
Equity€89.9m▲ 0.2%€97.6m▲ 8.5%€97.3m▼ 0.3%€97.2m▼ 0.1%€98.0m▲ 0.8%
Total assets€91.7m▼ 6.1%€108.2m▲ 17.9%€105.6m▼ 2.3%€105.5m▼ 0.2%€110.1m▲ 4.4%
Debt€1.8m▼ 77.2%€10.6m▲ 489%€4.8m▼ 54.3%€4.8m▼ 0.4%€4.1m▼ 14.6%
Working capital€48.5m▲ 13.6%€8.4m▼ 82.8%€29.5m▲ 253%€30.0m▲ 1.8%€35.8m▲ 19.1%
Solvency98.0%▲ 6.1pp90.2%▼ 7.8pp92.1%▲ 1.9pp92.2%▲ 0.1pp89.0%▼ 3.2pp
Staff (FTE)0.51.2▲ 140%1.2=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €429,881 in 2024 against €374,969 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110.1m
Fixed assets
€71.3m ▲ 0.1%
Current assets
€38.8m ▲ 13.2%
Equity and liabilities €110.1m
Equity
€98.0m ▲ 0.8%
Provisions
€8.0m ▲ 134%
Debt
€4.1m ▼ 14.6%
Debt's share of the balance-sheet total falls from 4.6% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.8%▲
2023 · 0.2%
ROA
0.7%▲
2023 · 0.2%
Debt ≤ 1 year
€3.0m▼
2023 · €4.2m
Debt > 1 year
€1.0m▲
2023 · €601,180
Income taxes
-€23,774▼
2023 · €184,876
Staff costs
€68,619▼
2023 · €80,827
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €20,864 | €80,827 | €68,619 | ▼ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95,554 | €96,242 | €129,441 | €163,861 | €156,079 | ▼ 4.7% |
| Other operating charges640/8 | - | €13,622 | €139,477 | €23,253 | €32,639 | ▲ 40.4% |
| Gross operating margin9900 | €63,927 | -€115,748 | -€77,283 | -€107,028 | -€172,544 | ▼ 61.2% |
| Operating profit (loss)9901 | -€46,316 | -€225,612 | -€367,065 | -€374,969 | -€429,881 | ▼ 14.6% |
| Financial income75/76B | - | €20.0m | €1.4m | €1.2m | €1.8m | ▲ 52.4% |
| Recurring financial income75 | €324,978 | €1.7m | €1.3m | €1.1m | €1.7m | ▲ 54.7% |
| Non-recurring financial income76B | - | €18.3m | €67,860 | €33,015 | €24,123 | ▼ 26.9% |
| Financial charges65/66B | - | €484,410 | €1.1m | €365,258 | €616,151 | ▲ 68.7% |
| Recurring financial charges65 | €126,514 | €484,410 | €931,134 | €365,258 | €616,151 | ▲ 68.7% |
| Non-recurring financial charges66B | - | - | €186,257 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €152,148 | €19.3m | -€92,467 | €418,280 | €719,427 | ▲ 72.0% |
| Income taxes67/77 | €963 | €1.3m | €189,175 | €184,876 | -€23,774 | ▼ 113% |
| Profit (loss) for the period9904 | €151,185 | €18.0m | -€281,641 | €233,404 | €743,201 | ▲ 218% |
| Transfer to tax-exempt reserves689 | - | €1.2m | €67,860 | €33,015 | €24,123 | ▼ 26.9% |
| Profit (loss) for the period to be appropriated9905 | €151,185 | €16.8m | -€349,501 | €200,389 | €719,078 | ▲ 259% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91.7m | €108.2m | €105.6m | €105.5m | €110.1m | ▲ 4.4% |
| Fixed assets21/28 | €43.2m | €89.3m | €71.3m | €71.2m | €71.3m | ▲ 0.1% |
| Tangible fixed assets22/27 | €874,801 | €788,422 | €2.9m | €2.9m | €2.9m | ▲ 2.5% |
| Land and buildings22 | - | €739,399 | €2.8m | €2.8m | €2.9m | ▲ 3.0% |
| Plant, machinery and equipment23 | - | €12,539 | €14,429 | €19,986 | €15,331 | ▼ 23.3% |
| Furniture and vehicles24 | - | €36,485 | €86,911 | €64,599 | €50,076 | ▼ 22.5% |
| Assets under construction and advance payments27 | - | - | - | - | €7,260 | - |
| Financial fixed assets28 | €42.3m | €88.5m | €68.4m | €68.4m | €68.4m | = |
| Current assets29/58 | €48.6m | €18.9m | €34.3m | €34.3m | €38.8m | ▲ 13.2% |
| Amounts receivable after more than one year29 | - | - | €21.8m | €22.2m | €19.9m | ▼ 10.6% |
| Other amounts receivable291 | - | - | €21.8m | €22.2m | €19.9m | ▼ 10.6% |
| Amounts receivable within one year40/41 | €3.0m | €1.7m | €84,174 | €128,436 | €77,543 | ▼ 39.6% |
| Trade receivables40 | - | €0 | €26,414 | €9,378 | €63,640 | ▲ 579% |
| Other amounts receivable41 | - | €1.7m | €57,760 | €119,059 | €13,902 | ▼ 88.3% |
| Current investments50/53 | €5.6m | €7.8m | €6.5m | €7.1m | €10.3m | ▲ 44.5% |
| Cash at bank and in hand54/58 | €39.9m | €9.4m | €6.0m | €4.7m | €8.5m | ▲ 78.6% |
| Deferred charges and accrued income490/1 | - | €4,892 | €35,731 | €28,588 | €45,592 | ▲ 59.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91.7m | €108.2m | €105.6m | €105.5m | €110.1m | ▲ 4.4% |
| Equity10/15 | €89.9m | €97.6m | €97.3m | €97.2m | €98.0m | ▲ 0.8% |
| Contributions10/11 | €21.8m | €19.2m | €19.2m | €19.2m | €19.2m | = |
| Capital10 | - | €19.2m | €19.2m | €19.2m | €19.2m | = |
| Issued capital100 | - | €19.2m | €19.2m | €19.2m | €19.2m | = |
| Reserves13 | €68.2m | €71.6m | €71.6m | €71.6m | €71.6m | = |
| Non-distributable reserves130/1 | - | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Legal reserve130 | - | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Tax-exempt reserves132 | - | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 1.9% |
| Distributable reserves133 | - | €68.2m | €68.2m | €68.1m | €68.1m | = |
| Profit (loss) carried forward14 | €972 | €6.8m | €6.5m | €6.5m | €7.2m | ▲ 11.1% |
| Provisions and deferred taxes16 | - | - | €3.5m | €3.4m | €8.0m | ▲ 134% |
| Provisions for liabilities and charges160/5 | - | - | €3.5m | €3.4m | €8.0m | ▲ 134% |
| Other liabilities and charges164/5 | - | - | €3.5m | €3.4m | €8.0m | ▲ 134% |
| Amounts payable17/49 | €1.8m | €10.6m | €4.8m | €4.8m | €4.1m | ▼ 14.6% |
| Amounts payable after more than one year17 | €1.7m | €0 | - | €601,180 | €1.0m | ▲ 70.6% |
| Other amounts payable178/9 | - | €0 | - | €601,180 | €1.0m | ▲ 70.6% |
| Amounts payable within one year42/48 | €88,365 | €10.5m | €4.8m | €4.2m | €3.0m | ▼ 28.5% |
| Financial debts43 | - | €54,066 | €54,066 | €43,629 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €54,066 | €54,066 | €43,629 | €0 | ▼ 100% |
| Trade debts44 | €11,128 | €729 | €42,204 | €45,731 | €125,792 | ▲ 175% |
| Suppliers440/4 | - | €729 | €42,204 | €45,731 | €125,792 | ▲ 175% |
| Taxes, remuneration and social security45 | - | €1.3m | €151,781 | €193,812 | €167,848 | ▼ 13.4% |
| Taxes450/3 | - | €1.3m | €145,980 | €173,356 | €148,892 | ▼ 14.1% |
| Remuneration and social security454/9 | - | - | €5,802 | €20,456 | €18,956 | ▼ 7.3% |
| Other amounts payable47/48 | - | €9.2m | €4.6m | €3.9m | €2.7m | ▼ 30.8% |
| Accrued charges and deferred income492/3 | - | €70,391 | €8,213 | €9,344 | €84,611 | ▲ 805% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151,185 | €18.0m | -€281,641 | €233,404 | €743,201 | ▲ 218% |
| + Depreciation and write-downs630 | €95,554 | €96,242 | €129,441 | €163,861 | €156,079 | ▼ 4.7% |
| Operating cash flow (approximation) | €246,740 | €18.1m | -€152,200 | €397,265 | €899,281 | ▲ 126% |
| Investment in fixed assets (approximation) | - | -€46.2m | €17.9m | -€65,905 | -€228,366 | ▼ 247% |
| Change in cash | - | -€30.5m | -€3.4m | -€1.2m | €3.7m | ▲ 406% |
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
20-03
State Gazette act
Capital & shares · RestructuringMerger · Dissolution · Power of attorney9 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Dissolution · Power of attorney9 facts ▸
- General meeting, 05/03/2026
- Merger, 05/03/2026
- Dissolution, 05-03-2026
- Power of attorney, VANDELANOTTE
- Power of attorney, Ellen Van Riet
- Internal authorisation, management body authorized to perform all further formalities regarding the merger
- Approval, pending
- Accounting effect, 30/11/2025
- Single member status, ja
20-01
State Gazette act
RestructuringPermanent representative: Pascal Poulet · Merger · Accounting effect3 facts ▸
State Gazette act
Restructuring
Permanent representative: Pascal Poulet · Merger · Accounting effect3 facts ▸
- Merger, 17-11-2025
- Accounting effect, 01-01-2026
- Permanent representative, Pascal Poulet
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
30-11
Financial
Back to profitnet €233,404
Net result €233,404 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Weakest financial yearnet -€281,641
Net result drops to -€281,641, the lowest in the series; recovery starts the following year.
30-11
Financial
Liquidity quadruplescurrent ratio 7.10
Current ratio from 1.79 to 7.10; short-term debt falls from €10.5m to €4.8m.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 95 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-11
Financial
Liquidity times 66current ratio 549.44
Current ratio from 8.37 to 549.44; short-term debt falls from €5.8m to €88,365.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-11
Financial
Highest result since 2018net €44.0m ▲4,657%
Net result €44.0m, the highest in the series.
30-11
Financial
Equity above €50mEq €89.8m ▲96%
2 profitable years in a row build equity to €89.8m.
11-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 2 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 2 establishment units since 1999
Ground area
1.6 ha
Building footprint
3,523 m²
Volume, LiDAR
96,371 m³
2 parcels, Brussels, Flanders · tallest building 35.9 m, ±10 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Schotspad 14, 8300 Knokke-Heist
since 19992.093.013.738
Esplanade 1, 1020 Brussel
since 20222.331.641.260
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0033/00C003 | Brussels | 1.5 ha | 1 · 3,341 m² | 35.9 m · 10 fl. |
| 31332E0624/00D000 | Flanders | 1,051 m² | 1 · 182 m² | 12.1 m · 3 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.
Structure & network
Owners and holdings
1 holding · 6 subsidiaries in the treeOwners 0
The accounts to 30-11-2024 list no shareholders, and no other source names one.
Holdings 1
-
93.44%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
PUBINVEST 93.44%5 subsidiaries
- AssurImmo SARLLU 100%
- HOEFMAN 100%
IMMO HUMBEEK 100%1 subsidiary
- B DOT A 100%
- M.D. MEUBLES 100%
According to the annual accounts to 30-11-2024 of FIDUSCA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
84 locations
Acquisitions and mergers
1 transactionTook over:PUBINVEST
Recognitions · licences · registrations
Legal Entity Identifier
875500CPFJ5EDVMXAW28
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 1,842 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
Founded30-06-1999
Fiscal year end30-11
Activities, NACEBEL 2025
64210Activities of holding companies
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466379166
Also
9925:BE0466379166
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.