Fierté
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-10-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €18,431, larger than the loss of €8,045 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-03-2024 | 31-03-2025 |
|---|---|---|
| Tangible fixed assets | €50,629 | €1,495 |
| Financial fixed assets | €6,000 | - |
| Depreciation and write-downs of the year | €4,694 | €5,362 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €18,378 | €28,957 | ▲ 57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,694 | €5,362 | ▲ 14.2% |
| Other operating charges640/8 | €882 | €1,713 | ▲ 94.3% |
| Gross operating margin9900 | €15,908 | €17,600 | ▲ 10.6% |
| Operating profit (loss)9901 | -€8,045 | -€18,431 | ▼ 129% |
| Financial income75/76B | €17 | €1 | ▼ 95.9% |
| Recurring financial income75 | €17 | €1 | ▼ 95.9% |
| Financial charges65/66B | €497 | €380 | ▼ 23.6% |
| Recurring financial charges65 | €497 | €380 | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | -€8,525 | -€18,810 | ▼ 121% |
| Profit (loss) for the period9904 | -€8,525 | -€18,810 | ▼ 121% |
| Profit (loss) for the period to be appropriated9905 | -€8,525 | -€18,810 | ▼ 121% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €81,932 | €61,994 | ▼ 24.3% |
| Fixed assets21/28 | €51,935 | €48,068 | ▼ 7.4% |
| Tangible fixed assets22/27 | €45,935 | €42,068 | ▼ 8.4% |
| Plant, machinery and equipment23 | €45,935 | €42,068 | ▼ 8.4% |
| Financial fixed assets28 | €6,000 | €6,000 | = |
| Current assets29/58 | €29,997 | €13,926 | ▼ 53.6% |
| Stocks and contracts in progress3 | €18,500 | €8,500 | ▼ 54.1% |
| Stocks30/36 | €18,500 | €8,500 | ▼ 54.1% |
| Amounts receivable within one year40/41 | €2,507 | €6 | ▼ 99.8% |
| Trade receivables40 | €2,247 | - | - |
| Other amounts receivable41 | €261 | €6 | ▼ 97.7% |
| Cash at bank and in hand54/58 | €8,990 | €5,420 | ▼ 39.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €81,932 | €61,994 | ▼ 24.3% |
| Equity10/15 | -€3,525 | -€22,336 | ▼ 534% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€8,525 | -€27,336 | ▼ 221% |
| Amounts payable17/49 | €85,457 | €84,330 | ▼ 1.3% |
| Amounts payable within one year42/48 | €85,457 | €84,330 | ▼ 1.3% |
| Trade debts44 | €904 | €2,325 | ▲ 157% |
| Suppliers440/4 | €904 | €2,325 | ▲ 157% |
| Taxes, remuneration and social security45 | €4,612 | €6,122 | ▲ 32.7% |
| Taxes450/3 | €2,824 | €2,137 | ▼ 24.3% |
| Remuneration and social security454/9 | €1,787 | €3,984 | ▲ 123% |
| Other amounts payable47/48 | €79,942 | €75,883 | ▼ 5.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€8,525 | -€18,810 | ▼ 121% |
| + Depreciation and write-downs630 | €4,694 | €5,362 | ▲ 14.2% |
| Operating cash flow (approximation) | -€3,831 | -€13,449 | ▼ 251% |
| Investment in fixed assets (approximation) | - | -€1,495 | - |
| Change in cash | - | -€3,570 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as Fierté has now. Two years later, 84.9% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Fierté itself: 3.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Fierté. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.