FIKACO

Active Private limited companyfounded 2006active for 20 yearsFortstraat 82-84, 9230 WetterenKBO/BCE: BE 0884.759.368

FIKACO

Financial year 2025

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Annual accounts 2025

micro format, filed on 31-07-2026, on the day of the deadline

Gross margin

€14,847

▲ 32.3%

Operating result

-€16,516

▼ €3,186

EBITDA

€12,910

▲ 32.8%

Cash flow

€12,856

▲ 63.9%

Solvency

-51.1%

▼ 14.8 percentage points

Current ratio

0.01

▲ 0.00

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €110,000. Estimated: probably between €52,000 and €270,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €181,268 on 31-12-2025

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	181,268	209,838	158,521	177,680	198,365	214,822	233,598	248,881	247,194	246,158	237,989	246,551	258,027	337,240	311,524	443,712	467,020	109,887	10,696
Fixed assets`21/28`	178,401	207,827	156,338	174,756	193,173	211,591	228,630	246,994	247,194	245,613	237,979	237,979	255,361	272,744	290,126	307,509	322,019	15,425	-
Tangible fixed assets`22/27`	178,401	207,827	156,338	174,756	193,173	211,591	228,630	246,994	247,194	245,613	237,979	237,979	255,361	272,744	290,126	307,509	322,019	15,425	-
Land and buildings`22`	178,401	207,827	156,338	174,756	193,173	211,591	228,530	246,794	246,794	245,213	237,979	237,979	255,361	272,744	290,126	307,509	322,019	-	-
Plant, machinery and equipment`23`	-	-	-	-	-	-	100	200	400	400	-	-	-	-	-	-	-	15,000	-
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425	-
Current assets`29/58`	2,867	2,011	2,184	2,925	5,191	3,231	4,967	1,887	-	545	10	8,572	2,666	64,496	21,398	136,203	145,001	94,462	10,696
Amounts receivable within one year`40/41`	-	-	-	-	-	-	-	-	-	-	-	8,572	2,627	64,246	21,393	136,189	139,246	94,449	4,200
Trade receivables`40`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,699	72,275	30,071	4,200
Other amounts receivable`41`	-	-	-	-	-	-	-	-	-	-	-	8,572	2,627	64,246	21,393	64,489	66,971	64,378	-
Cash at bank and in hand`54/58`	2,339	2,011	2,184	2,925	5,191	3,231	4,967	1,887	-	545	10	-	39	235	5	2	5,742	13	6,496
Deferred charges and accrued income`490/1`	528	-	-	-	-	-	-	-	-	-	-	-	-	15	-	13	13	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	181,268	209,838	158,521	177,680	198,365	214,822	233,598	248,881	247,194	246,158	237,989	246,551	258,027	337,240	311,524	443,712	467,020	109,887	10,696
Equity`10/15`	-92,562	-75,992	-60,782	-54,008	-38,767	-22,652	-5,841	-1,264	-3,677	-8,006	425	15,189	16,639	-31,234	-35,552	18,397	18,675	10,807	6,453
Contributions`10/11`	27,531	27,531	27,531	27,531	27,531	27,531	27,531	27,531	27,531	27,531	27,531	27,531	27,531	18,600	18,600	18,550	18,550	10,500	6,200
Issued capital`100`	-	-	-	-	-	-	27,531	27,531	27,531	27,531	27,531	27,531	27,531	18,600	18,600	18,550	18,550	18,550	18,550
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,050	12,350
Reserves`13`	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20	-
Non-distributable reserves`130/1`	20	20	20	20	20	20	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	20	20	20	20	20	20	20	20	20	20	20	20	-
Reserves not available under the articles`1311`	20	20	20	20	20	20	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-120,113	-103,543	-88,333	-81,559	-66,318	-50,203	-33,392	-28,815	-31,228	-35,557	-27,126	-12,362	-10,912	-49,854	-54,172	-173	105	287	253
Amounts payable`17/49`	273,830	285,830	219,303	231,688	237,132	237,473	239,438	250,145	250,871	254,163	237,563	231,362	241,388	368,474	347,076	425,315	448,345	99,080	4,243
Amounts payable after more than one year`17`	-	-	5,740	28,318	52,687	74,011	94,149	113,166	131,125	148,085	164,101	176,764	205,544	224,849	249,375	253,525	259,086	48,421	-
Financial debts`170/4`	-	-	5,740	28,318	52,687	74,011	94,149	113,166	131,125	148,085	164,101	176,764	205,544	224,849	249,375	253,525	259,086	48,421	-
Amounts payable within one year`42/48`	273,830	285,830	213,563	203,370	184,444	163,462	145,289	134,894	119,746	104,578	73,422	54,557	35,803	143,601	96,883	171,790	189,259	50,659	4,243
Current portion of amounts payable after more than one year`42`	-	9,393	24,949	24,369	23,047	20,146	19,017	17,959	17,171	16,016	12,664	11,855	16,010	21,671	24,030	10,489	-	-	-
Financial debts`43`	-	9	9	9	9	9	9	9	9	9	9	9	-	-	-	-	3	1,056	-
Credit institutions`430/8`	-	9	9	9	9	9	9	9	9	9	9	9	-	-	-	-	3	1,056	-
Trade debts`44`	528	-	454	2,104	-	-	-	833	403	-	2,464	2,197	2,146	2,310	2,609	38,094	36,823	11,578	3,219
Suppliers`440/4`	528	-	454	2,104	-	-	-	833	403	-	2,464	2,197	2,146	2,310	2,609	38,094	36,823	11,578	3,219
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	-	92	92	765	-
Taxes`450/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	-	92	92	765	-
Other amounts payable`47/48`	273,301	276,428	188,152	176,888	161,389	143,308	126,263	116,093	102,163	88,554	58,286	40,496	17,647	112,620	70,245	123,115	152,340	37,259	1,025
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	2,085	-	1,500	41	41	41	24	818	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,525	45,117	30,541	15,350	3,471
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,180	-	-
Gross operating margin`9900`	14,847	11,220	14,611	6,520	6,880	10,163	17,857	12,671	13,880	2,860	7,100	28,337	36,549	41,931	17,648	36,911	18,704	10,359	253
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,395	8,206	11,836	10,997	3,219
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	29,426	23,054	18,418	18,418	18,418	18,459	18,364	200	-	100	-	17,382	17,382	17,382	17,382	16,008	4,308	5,106	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	8,524	-	-	-	-	-	-	-	-
Other operating charges`640/8`	1,937	1,496	1,825	1,327	1,786	2,467	1,238	1,216	1,194	1,229	1,169	1,499	1,310	8,417	2,218	440	2,949	156	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,670	-	-	-	-
Operating profit (loss)`9901`	-16,516	-13,330	-5,631	-13,225	-13,324	-10,763	-1,745	11,255	12,686	1,531	-2,592	9,456	17,856	16,132	-1,953	20,464	11,447	5,096	253
Financial income`75/76B`	-	-	-	-	-	-	-	-	-	-	-	-	-	2,898	92	284	1	3	-
Recurring financial income`75`	-	-	-	-	-	-	-	-	-	-	-	-	-	2,898	92	284	1	3	-
Financial charges`65/66B`	54	1,880	1,143	2,016	2,791	6,048	2,832	8,842	8,358	9,962	12,172	10,906	14,982	14,713	18,467	21,026	13,810	4,969	-
Recurring financial charges`65`	54	1,880	1,143	2,016	2,791	6,048	2,832	8,842	8,358	9,962	12,172	10,906	14,982	14,713	18,467	21,026	13,810	4,969	-
Profit (loss) for the period before taxes`9903`	-16,570	-15,210	-6,774	-15,241	-16,115	-16,811	-4,576	2,413	4,329	-8,431	-14,764	-1,450	2,874	4,317	-53,998	-279	-181	130	253
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	0
Profit (loss) for the period`9904`	-16,570	-15,210	-6,774	-15,241	-16,115	-16,811	-4,576	2,413	4,329	-8,431	-14,764	-1,450	2,874	4,317	-53,998	-279	-181	38	253
Profit (loss) for the period to be appropriated`9905`	-16,570	-15,210	-6,774	-15,241	-16,115	-16,811	-4,576	2,413	4,329	-8,431	-14,764	-1,450	2,874	4,317	-53,998	-279	-181	38	253
Appropriation of the result
Profit (loss) to be appropriated`9906`	-120,113	-103,543	-88,333	-81,559	-66,318	-50,203	-33,392	-28,815	-31,228	-35,557	-27,126	-12,362	-46,981	-49,854	-54,172	-173	105	307	253
Profit (loss) brought forward from the previous period`14P`	-103,543	-88,333	-81,559	-66,318	-50,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	36,069	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-
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The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-07-2026	2026-00376597	PDF
31-12-2024	micro format	30-09-2025	2025-00523197	PDF
31-12-2023	micro format	31-07-2024	2024-00316997	PDF
31-12-2022	micro format	26-07-2023	2023-00273585	PDF
31-12-2021	micro format	29-07-2022	2022-20244310	PDF
31-12-2020	micro format	26-07-2021	2021-39900010	PDF
31-12-2019	micro format	30-07-2020	2020-37200347	PDF
31-12-2018	micro format	07-10-2019	2019-68500526	PDF
31-12-2017	micro format	27-07-2018	2018-38200179	PDF
31-12-2016	micro format	26-06-2017	2017-20600024	PDF
31-12-2015	abbreviated format	01-08-2016	2016-37600591	PDF
31-12-2014	abbreviated format	08-03-2016	2016-05800428	PDF
31-12-2013	abbreviated format	02-06-2014	2014-14600571	PDF
31-12-2012	abbreviated format	12-06-2013	2013-17100464	PDF
31-12-2011	abbreviated format	17-07-2012	2012-30600274	PDF
31-12-2010	abbreviated format	07-11-2011	2011-60400194	PDF
31-12-2009	abbreviated format	02-11-2011	2011-60000401	PDF
31-12-2008	abbreviated format	28-12-2009	2009-91000321	PDF
31-12-2007	abbreviated format	30-09-2008	2008-77400022	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	12,910	9,724	12,787	5,193	5,094	7,696	16,619	11,455	-	1,631	-	26,839	35,239	33,514	15,430	36,471	15,756	10,203	-
Cash flow	12,856	7,843	11,644	3,177	2,302	1,648	13,788	2,613	-	-8,331	-	15,932	20,256	21,700	-36,616	15,729	4,127	5,144	-
Investment in fixed assets (approximation)	0	74,543	0	0	0	1,420	0	0	1,581	7,734	-	0	0	0	0	1,497	326,328	531	-
Change in cash	327	-173	-741	-2,267	1,961	-1,737	3,081	-	-	535	-	-	-195	230	4	-5,740	5,729	-6,483	-
Working capital	-270,963	-283,819	-211,379	-200,445	-179,253	-160,231	-140,322	-133,007	-	-104,033	-73,412	-45,984	-33,137	-79,105	-75,485	-35,587	-44,258	43,803	6,453
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8.0%	45.4%	37.5%	33.2%	7.3%
Solvency	-51.1%	-36.2%	-38.3%	-30.4%	-19.5%	-10.5%	-2.5%	-0.5%	-1.5%	-3.3%	0.2%	6.2%	6.4%	-9.3%	-11.4%	4.1%	4.0%	9.8%	60.3%
Current ratio	0.01	0.01	0.01	0.01	0.03	0.02	0.03	0.01	-	0.01	0.00	0.16	0.07	0.45	0.22	0.79	0.77	1.86	2.52
Debt to equity	-	-	-	-	-	-	-	-	-	-	-	15.23	14.51	-	-	23.12	24.01	9.17	0.66
ROE	-	-	-	-	-	-	-	-	-	-	-	-9.5%	17.3%	-	-	-1.5%	-1.0%	0.3%	3.9%
ROA	-9.1%	-7.2%	-4.3%	-8.6%	-8.1%	-7.8%	-2.0%	1.0%	1.8%	-3.4%	-6.2%	-0.6%	1.1%	1.3%	-17.3%	-0.1%	0.0%	0.0%	2.4%
Interest coverage	over 100	5.17	11.19	2.58	1.82	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	318 days	580 days	864 days	715 days	442 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113 days	1694 days	1136 days	384 days	365 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€74,543	-	-	-
Depreciation and write-downs of the year	€29,426	€23,054	€18,418	€18,418	€18,418

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on FIKACO

The operating result for 2025 is a loss of €16,516, larger than the loss of €13,330 in 2024. It is the lowest result since 2007.

Equity is negative. Debt (€273,830) exceeds the balance-sheet total (€181,268).

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