FIGEXCO
ActiveSummary
FIGEXCO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,514 and a net result of -€6,789. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-46
Solvency68▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.84 in 2024; short-term debt: 55.7% and cash: 6.6% of total assets), and 56.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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 2025Solvency, return and age of the figures
Solvency
43.3%
Return on assets
-5.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
8 d late
2023
12 d late
2022
9 d late
2021
24 d late
2020
30 d late
2019
90 d late
← 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 28 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 (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. Usually files around 13 August (5 of the last 5 filed years within 30 days of that day).
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
€52,514▼ 11.4%
2024 · €59,303
Total assets
€121,178▲ 37.8%
2024 · €87,911
Net result
-€6,789
2024 · €17,551
Working capital
-€41,035▼ 852%
2024 · -€4,311
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-€12,254▲ 2.5%-€15,459▼ 26.1%-€11,351▲ 26.6%€1,581-€6,084
Net result€92,569above the sector's middle half-€19,159below the sector's middle half€11,530within the sector's middle half€17,551within the sector's middle half▲ 52.2%-€6,789below the sector's middle half
Equity€67,982within the sector's middle half€30,222within the sector's middle half▼ 55.5%€41,752within the sector's middle half▲ 38.1%€59,303within the sector's middle half▲ 42.0%€52,514within the sector's middle half▼ 11.4%
Total assets€136,052within the sector's middle half▲ 5.2%€110,848within the sector's middle half▼ 18.5%€118,337within the sector's middle half▲ 6.8%€87,911within the sector's middle half▼ 25.7%€121,178within the sector's middle half▲ 37.8%
Debt€62,277▼ 57.8%€75,267▲ 20.9%€71,661▼ 4.8%€27,027▼ 62.3%€67,518▲ 150%
Working capital-€3,610below the sector's middle half▲ 95.8%-€51,014below the sector's middle half▼ 1,313%-€50,449below the sector's middle half▲ 1.1%-€4,311below the sector's middle half▲ 91.5%-€41,035below the sector's middle half▼ 852%
Solvency50.0%within the sector's middle half▲ 69.0pp27.3%within the sector's middle half▼ 22.7pp35.3%within the sector's middle half▲ 8.0pp67.5%within the sector's middle half▲ 32.2pp43.3%within the sector's middle half▼ 24.1pp
Current ratio0.89below the sector's middle half▲ 0.710.16below the sector's middle half▼ 0.740.30below the sector's middle half▲ 0.140.84below the sector's middle half▲ 0.540.39below the sector's middle half▼ 0.45
Return on assets (ROA)68.0%above the sector's middle half▲ 81.6pp-17.3%below the sector's middle half▼ 85.3pp9.7%within the sector's middle half▲ 27.0pp20.0%within the sector's middle half▲ 10.2pp-5.6%below the sector's middle half▼ 25.6pp
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 turns negative in 2025: a loss of €6,084 after €1,581 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121,178
Fixed assets
€94,696 ▲ 45.2%
Current assets
€26,482 ▲ 16.6%
Equity and liabilities €121,178
Equity
€52,514 ▼ 11.4%
Provisions
€1,147 ▼ 27.5%
Debt
€67,518 ▲ 150%
Debt's share of the balance-sheet total rises from 30.7% to 55.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,291▼
2024 · €6,351
Cash flow
€586▼
2024 · €22,321
Debt to equity
1.29▲
2024 · 0.46
ROE
-12.9%▼
2024 · 29.6%
Interest coverage
1.13▼
2024 · 2.77
Debt ≤ 1 year
€67,518▲
2024 · €27,027
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% 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 12,321 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 | - | - | - | €7,840 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,370 | €3,660 | €4,770 | €4,770 | €7,376 | ▲ 54.6% |
| Other operating charges640/8 | €2,356 | €1,602 | €1,423 | €1,325 | €1,268 | ▼ 4.3% |
| Gross operating margin9900 | -€5,528 | -€10,197 | -€5,159 | €7,675 | €2,559 | ▼ 66.7% |
| Operating profit (loss)9901 | -€12,254 | -€15,459 | -€11,351 | €1,581 | -€6,084 | ▼ 485% |
| Financial income75/76B | €110,136 | - | €25,911 | €16,800 | - | - |
| Recurring financial income75 | €110,136 | - | €25,911 | €16,800 | - | - |
| Financial charges65/66B | €5,748 | €4,135 | €3,465 | €2,291 | €1,139 | ▼ 50.3% |
| Recurring financial charges65 | €5,748 | €4,135 | €3,465 | €2,291 | €1,139 | ▼ 50.3% |
| Profit (loss) for the period before taxes9903 | €92,134 | -€19,594 | €11,095 | €16,090 | -€7,224 | ▼ 145% |
| Transfer from deferred taxes780 | €434 | €434 | €434 | €3,343 | €434 | ▼ 87.0% |
| Income taxes67/77 | - | - | - | €1,883 | - | - |
| Profit (loss) for the period9904 | €92,569 | -€19,159 | €11,530 | €17,551 | -€6,789 | ▼ 139% |
| Transfer from tax-exempt reserves789 | €1,278 | €1,278 | €1,278 | €1,278 | €1,278 | = |
| Profit (loss) for the period to be appropriated9905 | €93,847 | -€17,881 | €12,808 | €18,829 | -€5,511 | ▼ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,052 | €110,848 | €118,337 | €87,911 | €121,178 | ▲ 37.8% |
| Fixed assets21/28 | €106,244 | €101,384 | €97,125 | €65,195 | €94,696 | ▲ 45.2% |
| Tangible fixed assets22/27 | €72,844 | €69,184 | €69,965 | €65,195 | €94,696 | ▲ 45.2% |
| Land and buildings22 | €72,844 | €69,184 | €69,965 | €65,195 | €93,149 | ▲ 42.9% |
| Furniture and vehicles24 | - | - | - | - | €1,547 | - |
| Financial fixed assets28 | €33,400 | €32,200 | €27,160 | - | - | - |
| Current assets29/58 | €29,808 | €9,464 | €21,212 | €22,715 | €26,482 | ▲ 16.6% |
| Amounts receivable within one year40/41 | €29,808 | €9,464 | €21,212 | €22,715 | €18,470 | ▼ 18.7% |
| Trade receivables40 | €5,546 | €5,425 | €4,538 | €6,950 | €18,470 | ▲ 166% |
| Other amounts receivable41 | €24,262 | €4,039 | €16,674 | €15,765 | - | - |
| Cash at bank and in hand54/58 | - | - | - | - | €8,013 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,052 | €110,848 | €118,337 | €87,911 | €121,178 | ▲ 37.8% |
| Equity10/15 | €67,982 | €30,222 | €41,752 | €59,303 | €52,514 | ▼ 11.4% |
| Contributions10/11 | €18,600 | - | - | - | - | - |
| Reserves13 | €6,905 | €5,627 | €4,349 | €21,896 | €20,617 | ▼ 5.8% |
| Tax-exempt reserves132 | €6,905 | €5,627 | €4,349 | €3,071 | €1,792 | ▼ 41.6% |
| Distributable reserves133 | - | - | - | €18,825 | €18,825 | = |
| Profit (loss) carried forward14 | €42,477 | €24,595 | €37,403 | €37,407 | €31,896 | ▼ 14.7% |
| Provisions and deferred taxes16 | €5,793 | €5,359 | €4,924 | €1,581 | €1,147 | ▼ 27.5% |
| Deferred taxes168 | €5,793 | €5,359 | €4,924 | €1,581 | €1,147 | ▼ 27.5% |
| Amounts payable17/49 | €62,277 | €75,267 | €71,661 | €27,027 | €67,518 | ▲ 150% |
| Amounts payable after more than one year17 | €28,859 | €14,789 | - | - | - | - |
| Financial debts170/4 | €28,859 | €14,789 | - | - | - | - |
| Amounts payable within one year42/48 | €33,418 | €60,478 | €71,661 | €27,027 | €67,518 | ▲ 150% |
| Current portion of amounts payable after more than one year42 | €13,384 | €14,070 | €14,789 | - | - | - |
| Financial debts43 | €9,278 | €9,253 | €9,472 | €9,891 | - | - |
| Credit institutions430/8 | €9,278 | €9,253 | €9,472 | €9,891 | - | - |
| Trade debts44 | €2,804 | €5,524 | €114 | €315 | €1,456 | ▲ 362% |
| Suppliers440/4 | €2,804 | €5,524 | €114 | €315 | €1,456 | ▲ 362% |
| Taxes, remuneration and social security45 | €627 | €1,037 | €2,711 | €2,565 | €3,273 | ▲ 27.6% |
| Taxes450/3 | €627 | €1,037 | €2,711 | €2,565 | €3,273 | ▲ 27.6% |
| Other amounts payable47/48 | €7,325 | €30,594 | €44,575 | €14,255 | €62,789 | ▲ 340% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,569 | -€19,159 | €11,530 | €17,551 | -€6,789 | ▼ 139% |
| + Depreciation and write-downs630 | €4,370 | €3,660 | €4,770 | €4,770 | €7,376 | ▲ 54.6% |
| Operating cash flow (approximation) | €96,939 | -€15,500 | €16,299 | €22,321 | €586 | ▼ 97.4% |
| Investment in fixed assets (approximation) | - | €1,200 | -€511 | €27,160 | -€36,876 | ▼ 236% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Back to profitnet €11,530
Net result €11,530 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Weakest financial yearnet -€19,159
Net result drops to -€19,159, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €92,569
Net result €92,569 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
13-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Seraing · 1 establishment unit since 2000
Ground area
627 m²
Parcel 62354C0124/00Z255, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FIGEXCO
since 20002.213.504.267
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62354C0124/00Z255 | Wallonia | 627 m² | - | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
28%
According to the 2023 annual accounts of FIGEXCO 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
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,342 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
Founded07-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
0495/281001Seraing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0470525422
Also
9925:BE0470525422
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.