FIORANO
ActiveSummary
FIORANO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,979 and a net result of €965. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+30
Solvency51▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.15 in 2024; short-term debt: 55.2% and cash: 4.1% of total assets), and 74.3% 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
Three signals. The signal on the left, the evidence on the right.
−lowers 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
Real estate activities (NACE 68)
about 43% 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
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 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
36 d early
2023
32 d early
2022
4 d early
2021
38 d early
2020
53 d early
2019
52 d early
← 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 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 30 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€17,979▲ 5.7%
2024 · €17,014
Total assets
€70,014▼ 2.9%
2024 · €72,098
Net result
€965
2024 · -€3,068
Working capital
-€34,429▼ 15.5%
2024 · -€29,796
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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-€2,614▼ 34.2%-€1,601▲ 38.7%-€2,479▼ 54.8%-€1,104▲ 55.5%€2,227
Net result-€3,561within the sector's middle half-€1,837within the sector's middle half▲ 48.4%-€4,736within the sector's middle half▼ 158%-€3,068within the sector's middle half▲ 35.2%€965within the sector's middle half
Equity€26,655within the sector's middle half▼ 11.8%€24,818within the sector's middle half▼ 6.9%€20,082within the sector's middle half▼ 19.1%€17,014within the sector's middle half▼ 15.3%€17,979within the sector's middle half▲ 5.7%
Total assets€78,251below the sector's middle half▼ 8.9%€77,481below the sector's middle half▼ 1.0%€72,869below the sector's middle half▼ 6.0%€72,098below the sector's middle half▼ 1.1%€70,014below the sector's middle half▼ 2.9%
Debt€51,596▼ 7.3%€52,662▲ 2.1%€52,786▲ 0.2%€55,084▲ 4.4%€52,034▼ 5.5%
Working capital€3,063within the sector's middle half▼ 53.8%-€12,304within the sector's middle half-€21,885within the sector's middle half▼ 77.9%-€29,796within the sector's middle half▼ 36.2%-€34,429within the sector's middle half▼ 15.5%
Solvency34.1%within the sector's middle half▼ 1.1pp32.0%within the sector's middle half▼ 2.0pp27.6%within the sector's middle half▼ 4.5pp23.6%within the sector's middle half▼ 4.0pp25.7%within the sector's middle half▲ 2.1pp
Current ratio1.86within the sector's middle half▼ 0.010.36below the sector's middle half▼ 1.500.16below the sector's middle half▼ 0.200.15below the sector's middle half▼ 0.010.11below the sector's middle half▼ 0.04
Return on assets (ROA)-4.6%below the sector's middle half▼ 6.0pp-2.4%below the sector's middle half▲ 2.2pp-6.5%below the sector's middle half▼ 4.1pp-4.3%below the sector's middle half▲ 2.2pp1.4%within the sector's middle half▲ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 returns to profit in 2025: €2,227 after a loss of €1,104 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,014
Fixed assets
€65,813 ▼ 1.7%
Current assets
€4,201 ▼ 18.9%
Equity and liabilities €70,014
Equity
€17,979 ▲ 5.7%
Debt
€52,034 ▼ 5.5%
Debt's share of the balance-sheet total falls from 76.4% to 74.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,091▲
2024 · €755
Cash flow
€2,828▲
2024 · -€1,209
Debt to equity
2.89▼
2024 · 3.24
ROE
5.4%▲
2024 · -18.0%
Interest coverage
3.19▲
2024 · 0.38
Debt ≤ 1 year
€38,630▲
2024 · €34,977
Debt > 1 year
€13,405▼
2024 · €20,107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,508 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,841 | €1,857 | €1,859 | €1,864 | ▲ 0.3% |
| Other operating charges640/8 | - | €348 | €348 | €709 | €641 | ▼ 9.5% |
| Gross operating margin9900 | -€2,267 | €587 | -€275 | €1,464 | €4,732 | ▲ 223% |
| Operating profit (loss)9901 | -€2,614 | -€1,601 | -€2,479 | -€1,104 | €2,227 | ▲ 302% |
| Financial income75/76B | - | - | - | €7 | €22 | ▲ 217% |
| Recurring financial income75 | - | - | - | €7 | €22 | ▲ 217% |
| Financial charges65/66B | - | €236 | €2,257 | €1,971 | €1,284 | ▼ 34.8% |
| Recurring financial charges65 | €947 | €236 | €2,257 | €1,971 | €1,284 | ▼ 34.8% |
| Profit (loss) for the period before taxes9903 | -€3,561 | -€1,837 | -€4,736 | -€3,068 | €965 | ▲ 131% |
| Profit (loss) for the period9904 | -€3,561 | -€1,837 | -€4,736 | -€3,068 | €965 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | -€3,561 | -€1,837 | -€4,736 | -€3,068 | €965 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,251 | €77,481 | €72,869 | €72,098 | €70,014 | ▼ 2.9% |
| Fixed assets21/28 | €71,625 | €70,633 | €68,776 | €66,918 | €65,813 | ▼ 1.7% |
| Tangible fixed assets22/27 | €71,625 | €70,633 | €68,776 | €66,918 | €65,813 | ▼ 1.7% |
| Land and buildings22 | - | €69,938 | €68,250 | €66,561 | €64,875 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €696 | €526 | €356 | €187 | ▼ 47.6% |
| Furniture and vehicles24 | - | - | - | - | €751 | - |
| Current assets29/58 | €6,626 | €6,847 | €4,092 | €5,181 | €4,201 | ▼ 18.9% |
| Amounts receivable within one year40/41 | €938 | €938 | €1,143 | €2,243 | €1,353 | ▼ 39.7% |
| Trade receivables40 | - | - | €205 | €1,305 | €415 | ▼ 68.2% |
| Other amounts receivable41 | - | €938 | €938 | €938 | €938 | = |
| Cash at bank and in hand54/58 | €5,688 | €5,909 | €2,949 | €2,938 | €2,848 | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,251 | €77,481 | €72,869 | €72,098 | €70,014 | ▼ 2.9% |
| Equity10/15 | €26,655 | €24,818 | €20,082 | €17,014 | €17,979 | ▲ 5.7% |
| Contributions10/11 | - | €68,600 | €68,600 | €68,600 | €68,600 | = |
| Profit (loss) carried forward14 | -€41,945 | -€43,782 | -€48,518 | -€51,586 | -€50,621 | ▲ 1.9% |
| Amounts payable17/49 | €51,596 | €52,662 | €52,786 | €55,084 | €52,034 | ▼ 5.5% |
| Amounts payable after more than one year17 | €48,033 | €33,511 | €26,809 | €20,107 | €13,405 | ▼ 33.3% |
| Financial debts170/4 | - | €33,511 | €26,809 | €20,107 | €13,405 | ▼ 33.3% |
| Amounts payable within one year42/48 | €3,563 | €19,151 | €25,977 | €34,977 | €38,630 | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | - | €6,702 | €6,702 | €6,702 | €6,702 | = |
| Trade debts44 | €236 | €293 | €1,004 | €340 | €120 | ▼ 64.6% |
| Suppliers440/4 | - | €293 | €1,004 | €340 | €120 | ▼ 64.6% |
| Other amounts payable47/48 | - | €12,156 | €18,271 | €27,935 | €31,807 | ▲ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,561 | -€1,837 | -€4,736 | -€3,068 | €965 | ▲ 131% |
| + Depreciation and write-downs630 | - | €1,841 | €1,857 | €1,859 | €1,864 | ▲ 0.3% |
| Operating cash flow (approximation) | -€3,561 | €3 | -€2,879 | -€1,209 | €2,828 | ▲ 334% |
| Investment in fixed assets (approximation) | - | -€849 | €0 | €0 | -€759 | - |
| Change in cash | - | €221 | -€2,960 | -€12 | -€90 | ▼ 677% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €965
Net result €965 after 4 loss-making years.
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€4,736
Net result drops to -€4,736, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €1,515
Net result €1,515 after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Sint-Niklaas · 1 establishment unit since 2010
Ground area
240 m²
Building footprint
216 m²
Volume, LiDAR
1,059 m³
2 parcels, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FIORANO
since 20102.193.828.907
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0222/00G002 | Flanders | 143 m² | 1 · 143 m² | 7.8 m · 1 fl. |
| 46447B0517/00S004 | Flanders | 98 m² | 1 · 73 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FLOW REAL PROPERTY
BE 0769.250.184
Grimbergen · Eq €18,001
GRACRO
BE 0729.642.710
Ieper · Eq €17,956
Real Stone Investment
BE 0537.171.053
Wavre · Eq €18,024
KLC BUILDING SERVICES
BE 0783.483.846
Hannut · Eq €18,024
IMMO PALTON VASTGOEDMAKELAARS
BE 0473.101.860
Zoersel · Eq €17,933
Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 3,804 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
Founded22-11-2010
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0831270402
Registered
15-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.