fimali advisory
Activefimali advisory has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192k and a net result of €21k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 18035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
83
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-46
Solvency78▼-21
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 2.5 in 2024), but 58.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
41.7%
Return on assets
4.5%
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 17-08-2026, 17 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
17 d late
2024
9 d early
2023
26 d early
2022
7 d late
2021
31 d late
2020
18 d early
2019
38 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 67.4%
2024 · €64k
2018: €33k
2019: €15k
2020: €-12k
2021: €57k
2022: €83k
2023: €99k
2024: €64k
2018 → 2025
Working capital
€173k▼ 41.1%
2024 · €294k
2018: €130k
2019: €141k
2020: €128k
2021: €107k
2022: €192k
2023: €230k
2024: €294k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€197k▲ 73.3%€263k▲ 33.7%€312k▲ 18.5%€192k▼ 38.4%
Operating result€91k-€128k▲ 40.2%€146k▲ 14.6%€89k▼ 39.2%€47k▼ 47.2%
Net result€57k-€83k▲ 45.5%€99k▲ 19.4%€64k▼ 35.9%€21k▼ 67.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €460k
Fixed assets
€19k▼ 26.2%
Current assets
€441k▼ 10.0%
Equity and liabilities €460k
Equity
€192k▼ 38.4%
Debt
€268k▲ 31.4%
The debt ratio rises from 39.5% to 58.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€55k▼
2024 · €98k
Cash flow
€29k▼
2024 · €73k
Solvency
41.7%▼
2024 · 60.5%
Current ratio
1.65▼
2024 · 2.50
Quick ratio
1.55▼
2024 · 2.31
Debt / equity
1.40▲
2024 · 0.65
ROE
10.8%▼
2024 · 20.4%
ROA
4.5%▼
2024 · 12.4%
Interest coverage
5.98▼
2024 · 14.50
Debt
€268k▲
2024 · €204k
Debt ≤ 1 year
€268k▲
2024 · €196k
Income taxes
€25k▼
2024 · €26k
Staff costs
€579▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€516k€460k▼
Fixed assets21/28€25k€19k▼
Tangible fixed assets22/27€25k€19k▼
Plant, machinery and equipment23€843€2k▲
Furniture and vehicles24€25k€17k▼
Current assets29/58€490k€441k▼
Stocks and contracts in progress3€37k€26k▼
Stocks30/36€37k€26k▼
Amounts receivable within one year40/41€54k€177k▲
Trade receivables40€42k€159k▲
Other amounts receivable41€12k€18k▲
Current investments50/53€260k€80k▼
Cash at bank and in hand54/58€129k€141k▲
Deferred charges and accrued income490/1€10k€18k▲
Equity and liabilities
Total equity and liabilities10/49€516k€460k▼
Equity10/15€312k€192k▼
Contributions10/11€6k€6k=
Reserves13€306k€186k▼
Distributable reserves133€306k€186k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€204k€268k▲
Amounts payable within one year42/48€196k€268k▲
Financial debts43€447€185▼
Credit institutions430/8€447€185▼
Trade debts44€122k€64k▼
Suppliers440/4€122k€64k▼
Advances received on contracts in progress46€19k€22k▲
Taxes, remuneration and social security45€2k€856▼
Taxes450/3€2k€856▼
Other amounts payable47/48€53k€182k▲
Accrued charges and deferred income492/3€8k€0▼
Income statement
Code20242025
Non-recurring operating income76A€287€919▲
Remuneration, social security and pensions62€2k€579▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€4k€103▼
Non-recurring operating charges66A€118€1k▲
Gross operating margin9900€104k€57k▼
Operating profit (loss)9901€89k€47k▼
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€90k€45k▼
Income taxes67/77€26k€25k▼
Profit (loss) for the period9904€64k€21k▼
Profit (loss) for the period to be appropriated9905€64k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€21k▼
Transfer from equity791/2€15k€141k▲
Transfer to equity691/2€64k€21k▼
To other reserves6921€64k€21k▼
Profit to be distributed694/7€15k€141k▲
Return on contributions (dividend)694€15k€141k▲
The notes to these accounts (15 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €99k ▲19.4%
Operating result €146k, net result €99k, both a record.
31-12
Financial
Equity above €200kEq €263k ▲33.7%
3 profitable years in a row build equity to €263k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Equity above €150kEq €197k ▲73.3%
2 profitable years in a row build equity to €197k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-12k ▼180%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.25
Current ratio from 2.60 to 5.25; short-term debt falls from €81k to €33k.
31-12
Financial
Equity above €150kEq €150k ▲11.2%
2 profitable years in a row build equity to €150k.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2007
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.
Victor-Emmanuel III laan 631180 UkkelGround area
928 m²
Building footprint
190 m²
Volume, LiDAR
1,599 m³
Parcel 21612D0327/00V033, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FIMALI ADVISORY
since 20072.167.064.627
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0327/00V033 | Brussels | 928 m² | 1 · 190 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400DNH3S0RJ2Q1S63
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Of 656 companies in sector 47715 we hold annual accounts for 186. 131 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2007
Fiscal year end31-12
Activities, NACEBEL
47715Retail trade
14130Manufacture of wearing apparel
14210Manufacture of outerwear
70200Business and other management consultancy
70220Business consulting
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.