FIJA
ActiveSummary
FIJA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.32M and a net result of €347k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 47% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▲+3
Solvency60▲+4
Growth48▼-2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350k at 30 days acceptable
Liquidity ample (current ratio 2.89 against 4.96 in 2024; short-term debt: 4.9% and cash: 2% of total assets), but 65.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
34.7%
Return on assets
0.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
51 d early
2023
32 d early
2022
9 d early
2021
31 d early
2020
44 d early
2019
27 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.51M▲ 5.9%
2024 · €3.31M
2018: €1.42M
2019: €1.45M
2020: €1.64M
2021: €1.65M
2022: €1.78M
2023: €2.80M
2024: €3.31M
2018 → 2025
EBIT margin
31.9%▲ 3.8pp
2024 · 28.1%
2018: 43.9%
2019: 36.5%
2020: 38.0%
2021: 22.0%
2022: 18.2%
2023: 24.7%
2024: 28.1%
2018 → 2025
Net result
€347k▲ 23.2%
2024 · €281k
2018: €2.62M
2019: €1.17M
2020: €2.01M
2021: €-481
2022: €-20k
2023: €271k
2024: €281k
2018 → 2025
Working capital
€3.53M▼ 51.6%
2024 · €7.28M
2018: €14.51M
2019: €14.48M
2020: €13.94M
2021: €8.63M
2022: €6.79M
2023: €6.17M
2024: €7.28M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.65M-€1.78M▲ 7.8%€2.80M▲ 57.2%€3.31M▲ 18.5%€3.51M▲ 5.9%
Equity€12.64M-€12.62M▼ 0.2%€12.69M▲ 0.6%€12.97M▲ 2.2%€13.32M▲ 2.7%
Operating result€363k-€325k▼ 10.5%€690k▲ 113%€932k▲ 35.0%€1.12M▲ 20.2%
Net result€-481-€-20k▼ 4,102%€271k€281k▲ 3.8%€347k▲ 23.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.36M
Fixed assets
€32.96M ▼ 0.6%
Current assets
€5.39M ▼ 40.9%
Equity and liabilities €38.36M
Equity
€13.32M ▲ 2.7%
Provisions
€24k =
Debt
€25.01M ▼ 14.6%
Debt's share of the balance-sheet total falls from 69.3% to 65.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.21M▲
2024 · €2.02M
Cash flow
€1.43M▲
2024 · €1.37M
Current ratio
2.89▼
2024 · 4.96
Debt to equity
1.88▼
2024 · 2.26
ROE
2.6%▲
2024 · 2.2%
ROA
0.9%▲
2024 · 0.7%
Interest coverage
2.58▲
2024 · 2.14
Debt ≤ 1 year
€1.86M▲
2024 · €1.84M
Debt > 1 year
€21.77M▼
2024 · €26.01M
Income taxes
€123k▲
2024 · €99k
Staff costs
€392k▲
2024 · €390k
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 · 71 lines
Balance sheet
Code20242025
Assets
Total assets20/58€42.29M€38.36M▼
Fixed assets21/28€33.17M€32.96M▼
Tangible fixed assets22/27€18.59M€18.61M▲
Land and buildings22€18.38M€18.44M▲
Furniture and vehicles24€211k€172k▼
Financial fixed assets28€14.58M€14.35M▼
Affiliated companies280/1€14.58M€14.35M▼
Participating interests280€811k€811k=
Amounts receivable281€13.77M€13.54M▼
Current assets29/58€9.12M€5.39M▼
Amounts receivable within one year40/41€1.22M€1.09M▼
Trade receivables40€73k€107k▲
Other amounts receivable41€1.15M€980k▼
Current investments50/53€6.00M€2.27M▼
Other investments51/53€6.00M€2.27M▼
Cash at bank and in hand54/58€723k€764k▲
Deferred charges and accrued income490/1€1.17M€1.27M▲
Equity and liabilities
Total equity and liabilities10/49€42.29M€38.36M▼
Equity10/15€12.97M€13.32M▲
Contributions10/11€4.40M€4.40M=
Capital10€4.40M€4.40M=
Issued capital100€4.40M€4.40M=
Reserves13€8.52M€8.86M▲
Non-distributable reserves130/1€440k€440k=
Legal reserve130€440k€440k=
Distributable reserves133€8.08M€8.42M▲
Investment grants15€57k€57k=
Provisions and deferred taxes16€24k€24k=
Deferred taxes168€24k€24k=
Amounts payable17/49€29.29M€25.01M▼
Amounts payable after more than one year17€26.01M€21.77M▼
Financial debts170/4€23.33M€21.77M▼
Credit institutions173€15.62M€14.06M▼
Other loans174€7.71M€7.71M=
Other amounts payable178/9€2.68M-
Amounts payable within one year42/48€1.84M€1.86M▲
Current portion of amounts payable after more than one year42€1.54M€1.56M▲
Trade debts44€127k€151k▲
Suppliers440/4€127k€151k▲
Taxes, remuneration and social security45€118k€95k▼
Taxes450/3€33k€10k▼
Remuneration and social security454/9€84k€84k▼
Other amounts payable47/48€51k€57k▲
Accrued charges and deferred income492/3€1.45M€1.38M▼
Income statement
Code20242025
Operating income70/76A€3.32M€3.52M▲
Turnover70€3.31M€3.51M▲
Other operating income74€10k€10k▲
Operating charges60/66A€2.39M€2.40M▲
Services and other goods61€685k€654k▼
Remuneration, social security and pensions62€390k€392k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.09M€1.09M▲
Other operating charges640/8€229k€265k▲
Operating profit (loss)9901€932k€1.12M▲
Financial income75/76B€396k€351k▼
Recurring financial income75€396k€351k▼
Income from financial fixed assets750€322k€275k▼
Income from current assets751€73k€76k▲
Other financial income752/9€1k-
Financial charges65/66B€947k€1.00M▲
Recurring financial charges65€947k€1.00M▲
Debt charges650€945k€855k▼
Other financial charges652/9€2k€146k▲
Profit (loss) for the period before taxes9903€381k€469k▲
Income taxes67/77€99k€123k▲
Taxes670/3€99k€123k▲
Profit (loss) for the period9904€281k€347k▲
Profit (loss) for the period to be appropriated9905€281k€347k▲
Appropriation of the result
Profit (loss) to be appropriated9906€281k€347k▲
Transfer to equity691/2€281k€347k▲
To other reserves6921€281k€347k▲
Social balance
Average headcount (FTE)90874.64.8▲
The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Back to profitnet €271k
Net result €271k after 2 loss-making years.
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Liquidity doublescurrent ratio 10.63
Current ratio from 5.25 to 10.63; short-term debt falls from €3.28M to €896k.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Waregem · 3 establishment units since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Flanders-Fieldweg 458790 WaregemGround area
10.6 ha
Building footprint
2.9 ha
Volume, LiDAR
264,594 m³
3 parcels, Flanders · tallest building 25.7 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
Flanders-Fieldweg 45, 8790 Waregem
since 19972.081.722.047
Kapellestraat 138, 8020 Oostkamp
since 20222.331.587.614
Eugène Bekaertlaan 24, 8790 Waregem
since 20232.344.442.983
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0863/00E013 | Flanders | 6.3 ha | 1 · 2.5 ha | 15.6 m · 3 fl. |
| 31022I0695/00C000 | Flanders | 2.7 ha | 1 · 3,207 m² | 25.7 m · 5 fl. |
| 34452B0893/00M004 | Flanders | 1.6 ha | 1 · 1,459 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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INFINO VLAANDEREN
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VEKABO
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IMMO BERCHEM X
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,004 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-04-1987
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.