FIERS PROJECTS
ActiveSummary
FIERS PROJECTS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €996k and a net result of €367k. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+17
Solvency37▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.14 in 2024; short-term debt: 36.2% and cash: 0.9% of total assets), and 88.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
11.8%
Return on assets
4.4%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
34 d early
2023
6 d early
2022
34 d early
2021
34 d early
2020
45 d early
2019
24 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, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€996k▲ 58.5%
2024 · €628k
2018: €36klowest in 8 years
2019: €128k▲ +257% vs 2018
2020: €187k▲ +46.2% vs 2019
2021: €335k▲ +79.4% vs 2020
2022: €484k▲ +44.3% vs 2021
2023: €571k▲ +18.0% vs 2022
2024: €628k▲ +10.1% vs 2023
2025: €996k▲ +58.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€8.44M▲ 4.7%
2024 · €8.06M
2018: €196klowest in 8 years
2019: €299k▲ +52.1% vs 2018
2020: €875k▲ +193% vs 2019
2021: €847k▼ -3.1% vs 2020
2022: €1.70M▲ +100% vs 2021
2023: €1.95M▲ +15.0% vs 2022
2024: €8.06M▲ +313% vs 2023
2025: €8.44M▲ +4.7% vs 2024highest in 8 years
2018 → 2025
Net result
€367k▲ 538%
2024 · €58k
2018: €15klowest in 8 years
2019: €92k▲ +505% vs 2018
2020: €92k● 0.0% vs 2019
2021: €148k▲ +61.2% vs 2020
2022: €148k● -0.0% vs 2021
2023: €87k▼ -41.5% vs 2022
2024: €58k▼ -33.7% vs 2023
2025: €367k▲ +538% vs 2024highest in 8 years
2018 → 2025
Working capital
€-1.88M▲ 22.4%
2024 · €-2.43M
2018: €-112k
2019: €-11k▲ +89.8% vs 2018highest in 8 years
2020: €-478k▼ -4105% vs 2019
2021: €-321k▲ +32.8% vs 2020
2022: €-133k▲ +58.5% vs 2021
2023: €-112k▲ +16.1% vs 2022
2024: €-2.43M▼ -2075% vs 2023lowest in 8 years
2025: €-1.88M▲ +22.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€335k-€484k▲ 44.3%€571k▲ 18.0%€628k▲ 10.1%€996k▲ 58.5%
2021: €335klowest in 5 years
2022: €484k▲ +44.3% vs 2021
2023: €571k▲ +18.0% vs 2022
2024: €628k▲ +10.1% vs 2023
2025: €996k▲ +58.5% vs 2024highest in 5 years
Operating result€215k-€184k▼ 14.2%€139k▼ 24.4%€182k▲ 30.3%€692k▲ 281%
2021: €215k
2022: €184k▼ -14.2% vs 2021
2023: €139k▼ -24.4% vs 2022lowest in 5 years
2024: €182k▲ +30.3% vs 2023
2025: €692k▲ +281% vs 2024highest in 5 years
Net result€148k-€148k=€87k▼ 41.5%€58k▼ 33.7%€367k▲ 538%
2021: €148k
2022: €148k● -0.0% vs 2021
2023: €87k▼ -41.5% vs 2022
2024: €58k▼ -33.7% vs 2023lowest in 5 years
2025: €367k▲ +538% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 281% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.44M
Fixed assets
€7.27M ▼ 5.2%
Current assets
€1.17M ▲ 193%
Equity and liabilities €8.44M
Equity
€996k ▲ 58.5%
Provisions
€115k
Debt
€7.33M ▼ 1.4%
Debt's share of the balance-sheet total falls from 92.2% to 86.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.02M▲
2024 · €377k
Cash flow
€693k▲
2024 · €253k
Current ratio
0.38▲
2024 · 0.14
Debt to equity
7.36▼
2024 · 11.84
ROE
36.9%▲
2024 · 9.2%
ROA
4.4%▲
2024 · 0.7%
Interest coverage
5.10▲
2024 · 3.59
Debt ≤ 1 year
€3.06M▲
2024 · €2.83M
Debt > 1 year
€4.27M▼
2024 · €4.58M
Income taxes
€11k▼
2024 · €20k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.06M€8.44M▲
Fixed assets21/28€7.66M€7.27M▼
Tangible fixed assets22/27€7.66M€7.27M▼
Land and buildings22€7.66M€7.25M▼
Plant, machinery and equipment23€207€0▼
Furniture and vehicles24-€17k
Current assets29/58€399k€1.17M▲
Amounts receivable within one year40/41€50k€50k▲
Trade receivables40€45k€34k▼
Other amounts receivable41€5k€16k▲
Current investments50/53€201k€1.04M▲
Cash at bank and in hand54/58€140k€77k▼
Deferred charges and accrued income490/1€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€8.06M€8.44M▲
Equity10/15€628k€996k▲
Contributions10/11€81k€81k=
Reserves13€512k€879k▲
Non-distributable reserves130/1€8k€8k=
Other1319€8k€8k=
Tax-exempt reserves132-€344k
Distributable reserves133€504k€527k▲
Profit (loss) carried forward14€36k€36k▲
Provisions and deferred taxes16-€115k
Deferred taxes168-€115k
Amounts payable17/49€7.44M€7.33M▼
Amounts payable after more than one year17€4.58M€4.27M▼
Financial debts170/4€4.58M€4.27M▼
Amounts payable within one year42/48€2.83M€3.06M▲
Current portion of amounts payable after more than one year42€219k€310k▲
Financial debts43€1.00M€1.00M=
Credit institutions430/8€1.00M€1.00M=
Trade debts44€19k€5k▼
Suppliers440/4€19k€5k▼
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€6k€6k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€1.58M€1.74M▲
Accrued charges and deferred income492/3€30k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€500€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€195k€326k▲
Other operating charges640/8€25k€39k▲
Gross operating margin9900€401k€1.06M▲
Operating profit (loss)9901€182k€692k▲
Financial income75/76B€605€0▼
Recurring financial income75€605€0▼
Financial charges65/66B€105k€200k▲
Recurring financial charges65€105k€200k▲
Profit (loss) for the period before taxes9903€77k€493k▲
Transfer from deferred taxes780-€6k
Transfer to deferred taxes680-€121k
Income taxes67/77€20k€11k▼
Profit (loss) for the period9904€58k€367k▲
Transfer from tax-exempt reserves789-€18k
Transfer to tax-exempt reserves689-€362k
Profit (loss) for the period to be appropriated9905€58k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€60k▼
Profit (loss) brought forward from the previous period14P€35k€36k▲
Transfer to equity691/2€57k€24k▼
To other reserves6921€57k€24k▼
The notes to these accounts (16 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 | - | - | - | €500 | €2k | ▲ 220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €42k | €62k | €195k | €326k | ▲ 67.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €9k | €88k | €13k | €25k | €39k | ▲ 57.2% |
| Gross operating margin9900 | €245k | €314k | €214k | €401k | €1.06M | ▲ 163% |
| Operating profit (loss)9901 | €215k | €184k | €139k | €182k | €692k | ▲ 281% |
| Financial income75/76B | - | - | - | €605 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €605 | €0 | ▼ 100% |
| Financial charges65/66B | €2k | €11k | €20k | €105k | €200k | ▲ 90.4% |
| Recurring financial charges65 | €2k | €11k | €20k | €105k | €200k | ▲ 90.4% |
| Profit (loss) for the period before taxes9903 | €213k | €174k | €119k | €77k | €493k | ▲ 537% |
| Transfer from deferred taxes780 | - | - | - | - | €6k | - |
| Transfer to deferred taxes680 | - | - | - | - | €121k | - |
| Income taxes67/77 | €64k | €25k | €32k | €20k | €11k | ▼ 46.8% |
| Profit (loss) for the period9904 | €148k | €148k | €87k | €58k | €367k | ▲ 538% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €18k | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €362k | - |
| Profit (loss) for the period to be appropriated9905 | €148k | €148k | €87k | €58k | €24k | ▼ 58.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €847k | €1.70M | €1.95M | €8.06M | €8.44M | ▲ 4.7% |
| Fixed assets21/28 | €658k | €1.50M | €1.50M | €7.66M | €7.27M | ▼ 5.2% |
| Tangible fixed assets22/27 | €658k | €1.50M | €1.50M | €7.66M | €7.27M | ▼ 5.2% |
| Land and buildings22 | €591k | €1.50M | €1.50M | €7.66M | €7.25M | ▼ 5.4% |
| Plant, machinery and equipment23 | €2k | €721 | €464 | €207 | €0 | ▼ 100% |
| Furniture and vehicles24 | €6k | €3k | €0 | - | €17k | - |
| Assets under construction and advance payments27 | €60k | €0 | - | - | - | - |
| Current assets29/58 | €190k | €196k | €455k | €399k | €1.17M | ▲ 193% |
| Amounts receivable within one year40/41 | €158k | €160k | €358k | €50k | €50k | ▲ 0.7% |
| Trade receivables40 | €158k | €155k | €356k | €45k | €34k | ▼ 23.3% |
| Other amounts receivable41 | €45 | €6k | €2k | €5k | €16k | ▲ 208% |
| Current investments50/53 | - | - | - | €201k | €1.04M | ▲ 417% |
| Cash at bank and in hand54/58 | €32k | €35k | €84k | €140k | €77k | ▼ 44.8% |
| Deferred charges and accrued income490/1 | - | €34 | €13k | €8k | €3k | ▼ 58.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €847k | €1.70M | €1.95M | €8.06M | €8.44M | ▲ 4.7% |
| Equity10/15 | €335k | €484k | €571k | €628k | €996k | ▲ 58.5% |
| Contributions10/11 | €81k | €81k | €81k | €81k | €81k | = |
| Reserves13 | €220k | €368k | €455k | €512k | €879k | ▲ 71.8% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Other1319 | €8k | €8k | €8k | €8k | €8k | = |
| Tax-exempt reserves132 | - | - | - | - | €344k | - |
| Distributable reserves133 | €212k | €360k | €447k | €504k | €527k | ▲ 4.7% |
| Profit (loss) carried forward14 | €35k | €35k | €35k | €36k | €36k | ▲ 1.0% |
| Provisions and deferred taxes16 | - | - | - | - | €115k | - |
| Deferred taxes168 | - | - | - | - | €115k | - |
| Amounts payable17/49 | €512k | €1.21M | €1.38M | €7.44M | €7.33M | ▼ 1.4% |
| Amounts payable after more than one year17 | - | €885k | €815k | €4.58M | €4.27M | ▼ 6.8% |
| Financial debts170/4 | - | €885k | €815k | €4.58M | €4.27M | ▼ 6.8% |
| Amounts payable within one year42/48 | €510k | €329k | €566k | €2.83M | €3.06M | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | - | €46k | €47k | €219k | €310k | ▲ 41.5% |
| Financial debts43 | - | - | €8k | €1.00M | €1.00M | = |
| Credit institutions430/8 | - | - | €8k | €1.00M | €1.00M | = |
| Trade debts44 | €21k | €4k | €4k | €19k | €5k | ▼ 74.1% |
| Suppliers440/4 | €21k | €4k | €4k | €19k | €5k | ▼ 74.1% |
| Taxes, remuneration and social security45 | €51k | €44k | €18k | €6k | €6k | ▼ 7.1% |
| Taxes450/3 | €51k | €44k | €15k | €6k | €6k | ▼ 7.1% |
| Remuneration and social security454/9 | - | - | €3k | €0 | - | - |
| Other amounts payable47/48 | €438k | €235k | €488k | €1.58M | €1.74M | ▲ 9.5% |
| Accrued charges and deferred income492/3 | €1k | €0 | - | €30k | €8k | ▼ 74.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148k | €148k | €87k | €58k | €367k | ▲ 538% |
| + Depreciation and write-downs630 | €21k | €42k | €62k | €195k | €326k | ▲ 67.1% |
| Operating cash flow (approximation) | €170k | €190k | €148k | €253k | €693k | ▲ 174% |
| Investment in fixed assets (approximation) | - | €-886k | €-57k | €-6.36M | €69k | ▲ 101% |
| Change in cash | - | €4k | €49k | €56k | €-63k | ▼ 212% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €367k ▲538%
Operating result €692k, net result €367k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €571k ▲18%
6 profitable years in a row build equity to €571k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €335k ▲79.4%
4 profitable years in a row build equity to €335k.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €187k ▲46.2%
3 profitable years in a row build equity to €187k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €128k ▲257%
2 profitable years in a row build equity to €128k.
Show earlier events
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
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 6 acts read
About the unread acts
We know of 6 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
6 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, Merelbeke-Melle · 1 establishment unit since 1999
Ground area
1,499 m²
Building footprint
503 m²
Volume, LiDAR
3,298 m³
Parcel 44040D0091/00T000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
DAVID INTERIEUR
since 19992.093.501.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040D0091/00T000 | Flanders | 1,499 m² | 1 · 503 m² | 7.7 m · 2 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.
Similar companies · same sector, comparable size
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DILLENINVEST
BE 0442.792.726
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,126 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
Founded07-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
43211General electrical installation work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.