FIMASTER
ActiveSummary
FIMASTER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.47M and a net result of €2.22M. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 41.13 against 11.48 in 2024; short-term debt: 2.3% and cash: 42% of total assets), and 2.4% of the assets are financed with debt.
Credit check for your own amount and term
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
97.6%
Return on assets
25.6%
Age of the figures
9 mo
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
9 d early
2024
26 d late
2023
44 d early
2022
28 d early
2021
97 d early
2020
59 d early
2019
39 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 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
€2.22M▲ 11.3%
2024 · €2.00M
2018: €872k
2019: €426k▼ -51.1% vs 2018lowest in 8 years
2020: €744k▲ +74.8% vs 2019
2021: €542k▼ -27.2% vs 2020
2022: €433k▼ -20.0% vs 2021
2023: €1.52M▲ +251% vs 2022
2024: €2.00M▲ +31.0% vs 2023
2025: €2.22M▲ +11.3% vs 2024highest in 8 years
2018 → 2025
Working capital
€7.85M▲ 219%
2024 · €2.46M
2018: €-327klowest in 8 years
2019: €82k▲ +125% vs 2018
2020: €806k▲ +881% vs 2019
2021: €885k▲ +9.8% vs 2020
2022: €172k▼ -80.5% vs 2021
2023: €1.32M▲ +667% vs 2022
2024: €2.46M▲ +86.1% vs 2023
2025: €7.85M▲ +219% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.14M-€4.41M▼ 14.3%€5.55M▲ 25.8%€6.67M▲ 20.3%€8.47M▲ 26.9%
2021: €5.14M
2022: €4.41M▼ -14.3% vs 2021lowest in 5 years
2023: €5.55M▲ +25.8% vs 2022
2024: €6.67M▲ +20.3% vs 2023
2025: €8.47M▲ +26.9% vs 2024highest in 5 years
Operating result€100k-€101k▲ 1.2%€144k▲ 42.4%€158k▲ 9.7%€543k▲ 244%
2021: €100klowest in 5 years
2022: €101k▲ +1.2% vs 2021
2023: €144k▲ +42.4% vs 2022
2024: €158k▲ +9.7% vs 2023
2025: €543k▲ +244% vs 2024highest in 5 years
Net result€542k-€433k▼ 20.0%€1.52M▲ 251%€2.00M▲ 31.0%€2.22M▲ 11.3%
2021: €542k
2022: €433k▼ -20.0% vs 2021lowest in 5 years
2023: €1.52M▲ +251% vs 2022
2024: €2.00M▲ +31.0% vs 2023
2025: €2.22M▲ +11.3% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 244% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.68M
Fixed assets
€633k ▼ 85.1%
Current assets
€8.04M ▲ 199%
Equity and liabilities €8.68M
Equity
€8.47M ▲ 26.9%
Debt
€211k ▼ 21.5%
Debt's share of the balance-sheet total falls from 3.9% to 2.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€573k▲
2024 · €188k
Cash flow
€2.25M▲
2024 · €2.03M
Current ratio
41.13▲
2024 · 11.48
Debt to equity
0.02▼
2024 · 0.04
ROE
26.3%▼
2024 · 29.9%
ROA
25.6%▼
2024 · 28.8%
Interest coverage
211.81▲
2024 · 57.75
Debt ≤ 1 year
€196k▼
2024 · €235k
Debt > 1 year
€14k▼
2024 · €32k
Income taxes
€253k▲
2024 · €227k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.94M€8.68M▲
Fixed assets21/28€4.24M€633k▼
Tangible fixed assets22/27€662k€633k▼
Land and buildings22€662k€633k▼
Financial fixed assets28€3.58M-
Current assets29/58€2.69M€8.04M▲
Amounts receivable after more than one year29€500k€125k▼
Trade receivables290€500k€125k▼
Amounts receivable within one year40/41€72k€2.23M▲
Trade receivables40€34k€68k▲
Other amounts receivable41€38k€2.16M▲
Current investments50/53-€2.05M
Cash at bank and in hand54/58€2.12M€3.64M▲
Deferred charges and accrued income490/1€6k€459▼
Equity and liabilities
Total equity and liabilities10/49€6.94M€8.68M▲
Equity10/15€6.67M€8.47M▲
Reserves13€6.67M€8.47M▲
Tax-exempt reserves132€189k€400k▲
Distributable reserves133€6.48M€8.07M▲
Amounts payable17/49€268k€211k▼
Amounts payable after more than one year17€32k€14k▼
Financial debts170/4€32k€14k▼
Amounts payable within one year42/48€235k€196k▼
Current portion of amounts payable after more than one year42€18k€18k=
Trade debts44€16k€6k▼
Suppliers440/4€16k€6k▼
Taxes, remuneration and social security45€155k€172k▲
Taxes450/3€155k€172k▲
Other amounts payable47/48€45k-
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€374k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k▼
Other operating charges640/8€6k€8k▲
Gross operating margin9900€194k€581k▲
Operating profit (loss)9901€158k€543k▲
Financial income75/76B€2.07M€1.94M▼
Recurring financial income75€2.07M€1.94M▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€2.22M€2.48M▲
Income taxes67/77€227k€253k▲
Profit (loss) for the period9904€2.00M€2.22M▲
Transfer to tax-exempt reserves689€189k€211k▲
Profit (loss) for the period to be appropriated9905€1.81M€2.01M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.81M€2.01M▲
Transfer from equity791/2€872k€426k▼
Transfer to equity691/2€1.81M€2.01M▲
To other reserves6921€1.81M€2.01M▲
Profit to be distributed694/7€872k€426k▼
Return on contributions (dividend)694€872k€426k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €374k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €49k | €30k | €30k | €30k | ▼ 0.1% |
| Other operating charges640/8 | €7k | €6k | €7k | €6k | €8k | ▲ 23.1% |
| Gross operating margin9900 | €134k | €156k | €180k | €194k | €581k | ▲ 199% |
| Operating profit (loss)9901 | €100k | €101k | €144k | €158k | €543k | ▲ 244% |
| Financial income75/76B | €500k | €403k | €1.57M | €2.07M | €1.94M | ▼ 6.4% |
| Recurring financial income75 | €500k | €403k | €1.57M | €2.07M | €1.94M | ▼ 6.4% |
| Financial charges65/66B | €3k | €2k | €2k | €3k | €3k | ▼ 16.8% |
| Recurring financial charges65 | €3k | €2k | €2k | €3k | €3k | ▼ 16.8% |
| Profit (loss) for the period before taxes9903 | €596k | €502k | €1.71M | €2.22M | €2.48M | ▲ 11.4% |
| Income taxes67/77 | €54k | €68k | €189k | €227k | €253k | ▲ 11.5% |
| Profit (loss) for the period9904 | €542k | €433k | €1.52M | €2.00M | €2.22M | ▲ 11.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €189k | €211k | ▲ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €542k | €433k | €1.52M | €1.81M | €2.01M | ▲ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.52M | €4.84M | €5.78M | €6.94M | €8.68M | ▲ 25.1% |
| Fixed assets21/28 | €4.34M | €4.30M | €4.27M | €4.24M | €633k | ▼ 85.1% |
| Tangible fixed assets22/27 | €764k | €722k | €692k | €662k | €633k | ▼ 4.5% |
| Land and buildings22 | €764k | €722k | €692k | €662k | €633k | ▼ 4.5% |
| Financial fixed assets28 | €3.58M | €3.58M | €3.58M | €3.58M | - | - |
| Current assets29/58 | €1.17M | €540k | €1.50M | €2.69M | €8.04M | ▲ 199% |
| Amounts receivable after more than one year29 | - | - | €500k | €500k | €125k | ▼ 75.0% |
| Trade receivables290 | - | - | €500k | €500k | €125k | ▼ 75.0% |
| Amounts receivable within one year40/41 | €209k | €30k | €29k | €72k | €2.23M | ▲ 2,985% |
| Trade receivables40 | €209k | €29k | €29k | €34k | €68k | ▲ 100% |
| Other amounts receivable41 | - | €48 | - | €38k | €2.16M | ▲ 5,553% |
| Current investments50/53 | - | - | €850k | - | €2.05M | - |
| Cash at bank and in hand54/58 | €965k | €508k | €123k | €2.12M | €3.64M | ▲ 72.1% |
| Deferred charges and accrued income490/1 | €495 | €2k | €920 | €6k | €459 | ▼ 92.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.52M | €4.84M | €5.78M | €6.94M | €8.68M | ▲ 25.1% |
| Equity10/15 | €5.14M | €4.41M | €5.55M | €6.67M | €8.47M | ▲ 26.9% |
| Contributions10/11 | €334k | €334k | - | - | - | - |
| Reserves13 | €4.81M | €4.07M | €5.55M | €6.67M | €8.47M | ▲ 26.9% |
| Non-distributable reserves130/1 | €33k | €33k | - | - | - | - |
| Reserves not available under the articles1311 | €33k | €33k | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €189k | €400k | ▲ 111% |
| Distributable reserves133 | €4.77M | €4.04M | €5.55M | €6.48M | €8.07M | ▲ 24.5% |
| Profit (loss) carried forward14 | €5k | €5k | - | - | - | - |
| Amounts payable17/49 | €374k | €435k | €232k | €268k | €211k | ▼ 21.5% |
| Amounts payable after more than one year17 | €86k | €68k | €50k | €32k | €14k | ▼ 57.1% |
| Financial debts170/4 | €86k | €68k | €50k | €32k | €14k | ▼ 57.1% |
| Amounts payable within one year42/48 | €289k | €367k | €182k | €235k | €196k | ▼ 16.7% |
| Current portion of amounts payable after more than one year42 | €45k | €18k | €18k | €18k | €18k | = |
| Trade debts44 | €180k | €5k | €6k | €16k | €6k | ▼ 65.9% |
| Suppliers440/4 | €180k | €5k | €6k | €16k | €6k | ▼ 65.9% |
| Taxes, remuneration and social security45 | €35k | €234k | €154k | €155k | €172k | ▲ 10.7% |
| Taxes450/3 | €35k | €234k | €154k | €155k | €172k | ▲ 10.7% |
| Remuneration and social security454/9 | - | €586 | - | - | - | - |
| Other amounts payable47/48 | €29k | €110k | €4k | €45k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €1k | ▼ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €542k | €433k | €1.52M | €2.00M | €2.22M | ▲ 11.3% |
| + Depreciation and write-downs630 | €27k | €49k | €30k | €30k | €30k | ▼ 0.1% |
| Operating cash flow (approximation) | €569k | €483k | €1.55M | €2.03M | €2.25M | ▲ 11.2% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €0 | €3.58M | - |
| Change in cash | - | €-456k | €-385k | €1.99M | €1.53M | ▼ 23.4% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €2.22M ▲11.3%
Operating result €543k, net result €2.22M, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 41.13
Current ratio from 11.48 to 41.13; short-term debt falls from €235k to €196k.
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 6current ratio 8.26
Current ratio from 1.47 to 8.26; short-term debt falls from €367k to €182k.
31-12
Financial
Equity above €5MEq €5.55M ▲25.8%
6 profitable years in a row build equity to €5.55M.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €5MEq €5.14M ▲5.5%
4 profitable years in a row build equity to €5.14M.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Liquidity times 6current ratio 6.03
Current ratio from 1.09 to 6.03; short-term debt falls from €967k to €160k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €426k ▼51.1%
Net result drops to €426k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Fléron · 1 establishment unit since 2009
Ground area
1,082 m²
Building footprint
130 m²
Volume, LiDAR
814 m³
Parcel 62068A0090/00L000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de Fléron 70, 4623 Fléron
since 20092.249.210.264
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62068A0090/00L000 | Wallonia | 1,082 m² | 1 · 130 m² | 7.6 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
984500BA76BCBFWC8B48
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Of 1,019 companies in sector 69103 we hold annual accounts for 611. 144 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
Founded23-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
Contact
Phone
04/358.06.77Fléron
Scores and ratios are computed by Checked and are not a credit decision.