FIFTY
ActiveSummary
FIFTY has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €539,614 and a net result of -€9,132. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 75% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+38
Solvency100▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.45 in 2024; short-term debt: 20.8% and cash: 2.4% of total assets), and 21% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
79%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,132
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
76 d early
2023
77 d early
2022
54 d early
2021
74 d early
2020
75 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 65 days before 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€539,614▼ 1.7%
2024 · €548,746
Total assets
€683,221▼ 13.4%
2024 · €789,138
Net result
-€9,132▲ 65.9%
2024 · -€26,766
Working capital
-€125,797▲ 0.7%
2024 · -€126,736
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result-€10,660-€20,471▼ 92.0%€104,980-€1,707-€10,005▼ 486%
Net result-€3,239below the sector's middle half-€14,634below the sector's middle half▼ 352%€110,266above the sector's middle half-€26,766below the sector's middle half-€9,132below the sector's middle half▲ 65.9%
Equity€479,379above the sector's middle half▼ 0.7%€465,245above the sector's middle half▼ 2.9%€575,512above the sector's middle half▲ 23.7%€548,746above the sector's middle half▼ 4.7%€539,614above the sector's middle half▼ 1.7%
Total assets€686,534above the sector's middle half▼ 2.9%€657,311above the sector's middle half▼ 4.3%€815,174above the sector's middle half▲ 24.0%€789,138above the sector's middle half▼ 3.2%€683,221above the sector's middle half▼ 13.4%
Debt€198,254▼ 4.6%€186,472▼ 5.9%€235,376▲ 26.2%€237,414▲ 0.9%€141,936▼ 40.2%
Working capital-€78,089▼ 17.5%-€78,334▼ 0.3%-€119,991▼ 53.2%-€126,736▼ 5.6%-€125,797▲ 0.7%
Solvency69.8%within the sector's middle half▲ 1.6pp70.8%within the sector's middle half▲ 1.0pp70.6%within the sector's middle half▼ 0.2pp69.5%within the sector's middle half▼ 1.1pp79.0%above the sector's middle half▲ 9.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,005 in 2025 against €1,707 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683,221
Fixed assets
€667,081 ▼ 2.4%
Current assets
€16,140 ▼ 84.7%
Equity and liabilities €683,221
Equity
€539,614 ▼ 1.7%
Provisions
€1,671 ▼ 43.9%
Debt
€141,936 ▼ 40.2%
Debt's share of the balance-sheet total falls from 30.1% to 20.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,815▼
2024 · €18,478
Cash flow
€11,688▲
2024 · -€6,581
Current ratio
0.11▼
2024 · 0.45
Debt to equity
0.26▼
2024 · 0.43
ROE
-1.7%▲
2024 · -4.9%
ROA
-1.3%▲
2024 · -3.4%
Interest coverage
1802.51
Debt ≤ 1 year
€141,936▼
2024 · €232,517
Income taxes
€449▼
2024 · €26,367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
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 0.1% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €154,991 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,838 | €19,188 | €42,614 | €20,185 | €20,820 | ▲ 3.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€6,500 | -€1,500 | - | - | - | - |
| Other operating charges640/8 | €2,142 | €2,327 | €2,619 | €2,898 | €13,193 | ▲ 355% |
| Gross operating margin9900 | €3,820 | -€457 | €150,212 | €21,376 | €24,008 | ▲ 12.3% |
| Operating profit (loss)9901 | -€10,660 | -€20,471 | €104,980 | -€1,707 | -€10,005 | ▼ 486% |
| Financial income75/76B | €6,344 | €4,620 | €3,980 | - | €20 | - |
| Recurring financial income75 | €6,344 | €4,620 | €3,980 | - | €20 | - |
| Financial charges65/66B | €231 | €89 | €1 | - | €6 | - |
| Recurring financial charges65 | €231 | €89 | €1 | - | €6 | - |
| Profit (loss) for the period before taxes9903 | -€4,546 | -€15,941 | €108,959 | -€1,707 | -€9,991 | ▼ 485% |
| Transfer from deferred taxes780 | €1,307 | €1,307 | €1,307 | €1,307 | €1,307 | = |
| Income taxes67/77 | - | - | - | €26,367 | €449 | ▼ 98.3% |
| Profit (loss) for the period9904 | -€3,239 | -€14,634 | €110,266 | -€26,766 | -€9,132 | ▲ 65.9% |
| Transfer from tax-exempt reserves789 | €2,045 | €2,045 | €2,045 | €2,045 | €2,045 | = |
| Profit (loss) for the period to be appropriated9905 | -€1,194 | -€12,589 | €112,311 | -€24,721 | -€7,087 | ▲ 71.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €686,534 | €657,311 | €815,174 | €789,138 | €683,221 | ▼ 13.4% |
| Fixed assets21/28 | €571,667 | €553,964 | €700,394 | €683,357 | €667,081 | ▼ 2.4% |
| Tangible fixed assets22/27 | €571,667 | €553,964 | €700,394 | €683,357 | €667,081 | ▼ 2.4% |
| Land and buildings22 | €564,511 | €547,332 | €695,609 | €677,017 | €661,813 | ▼ 2.2% |
| Plant, machinery and equipment23 | €6,693 | €6,632 | €4,786 | €5,853 | €4,881 | ▼ 16.6% |
| Furniture and vehicles24 | €463 | - | - | €487 | €388 | ▼ 20.4% |
| Current assets29/58 | €114,867 | €103,347 | €114,779 | €105,781 | €16,140 | ▼ 84.7% |
| Amounts receivable within one year40/41 | €113,479 | €100,599 | €106,775 | - | - | - |
| Trade receivables40 | - | - | €197 | - | - | - |
| Other amounts receivable41 | €113,479 | €100,599 | €106,579 | - | - | - |
| Cash at bank and in hand54/58 | €1,388 | €2,748 | €8,004 | €105,781 | €16,140 | ▼ 84.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €686,534 | €657,311 | €815,174 | €789,138 | €683,221 | ▼ 13.4% |
| Equity10/15 | €479,379 | €465,245 | €575,512 | €548,746 | €539,614 | ▼ 1.7% |
| Contributions10/11 | €381,756 | €381,756 | €381,756 | €381,756 | €381,756 | = |
| Capital10 | €381,756 | €381,756 | €381,756 | €381,756 | €381,756 | = |
| Issued capital100 | €381,756 | €381,756 | €381,756 | €381,756 | €381,756 | = |
| Reserves13 | €21,239 | €22,458 | €44,879 | €42,834 | €40,789 | ▼ 4.8% |
| Non-distributable reserves130/1 | €10,445 | €13,710 | €38,176 | €38,176 | €38,176 | = |
| Legal reserve130 | €10,445 | €13,710 | €38,176 | €38,176 | €38,176 | = |
| Tax-exempt reserves132 | €10,794 | €8,749 | €6,704 | €4,659 | €2,614 | ▼ 43.9% |
| Profit (loss) carried forward14 | €76,384 | €61,031 | €148,876 | €124,155 | €117,068 | ▼ 5.7% |
| Provisions and deferred taxes16 | €8,901 | €5,593 | €4,286 | €2,979 | €1,671 | ▼ 43.9% |
| Provisions for liabilities and charges160/5 | €2,000 | - | - | - | - | - |
| Major repairs and maintenance162 | €2,000 | - | - | - | - | - |
| Deferred taxes168 | €6,901 | €5,593 | €4,286 | €2,979 | €1,671 | ▼ 43.9% |
| Amounts payable17/49 | €198,254 | €186,472 | €235,376 | €237,414 | €141,936 | ▼ 40.2% |
| Amounts payable after more than one year17 | €862 | - | - | - | - | - |
| Financial debts170/4 | €862 | - | - | - | - | - |
| Amounts payable within one year42/48 | €192,956 | €181,681 | €234,770 | €232,517 | €141,936 | ▼ 39.0% |
| Current portion of amounts payable after more than one year42 | €10,267 | €862 | - | - | - | - |
| Trade debts44 | - | - | €5,226 | - | €1,778 | - |
| Suppliers440/4 | - | - | €5,226 | - | €1,778 | - |
| Other amounts payable47/48 | €182,689 | €180,819 | €229,545 | €232,517 | €140,159 | ▼ 39.7% |
| Accrued charges and deferred income492/3 | €4,437 | €4,791 | €606 | €4,896 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,239 | -€14,634 | €110,266 | -€26,766 | -€9,132 | ▲ 65.9% |
| + Depreciation and write-downs630 | €18,838 | €19,188 | €42,614 | €20,185 | €20,820 | ▲ 3.1% |
| Operating cash flow (approximation) | €15,599 | €4,554 | €152,880 | -€6,581 | €11,688 | ▲ 278% |
| Investment in fixed assets (approximation) | - | -€1,485 | -€189,044 | -€3,147 | -€4,545 | ▼ 44.4% |
| Change in cash | - | €1,360 | €5,256 | €97,778 | -€89,642 | ▼ 192% |
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
16-09
State Gazette act
Resignations: Rita Aerts (non-statutory director) and Jean Van Steenkiste (non-statutory director)Appointments: BV TRIWASTE (non-statutory director) and BV Vendide (non-statutory director) · Permanent representatives: Dries TRIPPAS and Christophe IDE · Registered-office move12 facts ▸
State Gazette act
Resignations: Rita Aerts (non-statutory director) and Jean Van Steenkiste (non-statutory director)
Appointments: BV TRIWASTE (non-statutory director) and BV Vendide (non-statutory director) · Permanent representatives: Dries TRIPPAS and Christophe IDE · Registered-office move12 facts ▸
- General meeting, 04-09-2026
- Director resignation, Rita Aerts (non-statutory director)
- Director resignation, Jean Van Steenkiste (non-statutory director)
- Director appointment, BV TRIWASTE (non-statutory director)
- Director appointment, BV Vendide (non-statutory director)
- Permanent representative, Dries TRIPPAS (permanent representative)
- Permanent representative, Christophe IDE (permanent representative)
- Registered-office move, Korte Lozanastraat 20-26, 2018 Antwerpen
- Board meeting, 04-09-2026
- Director resignation, Rita Aerts (managing director)
- Director resignation, Jean Van Steenkiste (managing director)
- Director appointment, BV TRIWASTE (managing director)
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€26,766
Net result drops to -€26,766, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €110,266
Net result €110,266 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €575,512 ▲23.7%
Equity rises from €465,245 to €575,512.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,069
Net result €11,069 after 2 loss-making years.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2026
Board 2
BV Triwaste
CurrentNon-statutory director · since 04-09-2026 · Legal entity · perm. rep.: Dries TRIPPAS
BV Vendide
CurrentNon-statutory director · since 04-09-2026 · Legal entity · perm. rep.: Christophe IDE
Day-to-day management 1
BV Triwaste
CurrentManaging director · since 04-09-2026 · Legal entity · perm. rep.: Dries TRIPPAS
Permanent representatives 2
Christophe IDE
CurrentPermanent representative · since 04-09-2026 · for BV Vendide
Dries TRIPPAS
CurrentPermanent representative · since 04-09-2026 · for BV Triwaste
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
6 of this company's 7 Belgian State Gazette acts have 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, Antwerpen · 1 establishment unit since 1992
Ground area
1,075 m²
Building footprint
828 m²
Volume, LiDAR
12,155 m³
2 parcels, Flanders · tallest building 26.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Zeedijk-Het Zoute 678, 8300 Knokke-Heist
since 19922.059.394.528
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1870/00V000 | Flanders | 672 m² | 1 · 462 m² | 18.7 m · 5 fl. |
| 31332E0089/00A000indicative | Flanders | 403 m² | 1 · 366 m² | 26.0 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
4 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BV Triwaste |
|
| BV Vendide |
|
| Jean Van Steenkiste |
|
| Rita Aerts |
|
Articles of association
Power of attorney
One provision in the deed
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 34,074 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
Founded17-09-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
81100Combined facilities support activities
Contact
E-mail
van.steenkiste39@gmail.comKnokke-Heist
Phone
050/603210Knokke-Heist
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448268969
Also
9925:BE0448268969
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.