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FIPS&DA

Active Private limited companyfounded 2020active for 6 yearsHasseltsesteenweg 36A, 3720 HasseltKBO/BCE: BE 0751.674.576

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €124,928 (2025)
€124,928▲ 16.4%
peak €78,337 (2021)
€49,103▲ 20.6%
peak €252,255 (2023)
€61,260▲ 339%
€76,165▼ 71.4%
Board1 name since 2020
1 directorBROUWERS Joris
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €107,317 to €124,928Dividend €1,800Equity from €13,957 to €61,260Debts from €266,401 to €76,165Cash from €148,931 to €54,613

Key points

from the 2025 annual accounts

Equity

€61,260 from €252,255 in 2023

Equity fell by 76% in 2 years.

Turnover

≈ €230,000 estimated

The micro format states no turnover.

Liquidity

3.74 was 0.96 in 2024

Short-term debts fell from €245,110 to €29,026.

Filings

6 annual accounts since 2020
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 31 to 34 days before the end of the period.

Position in the sector

€124,928

Higher gross margin than 83% of companies in advertising and market research. Sector median €37,458 · 8,607 companies.

Checked score

96
Excellent
Financially stronger than 66% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.3 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.1%▼ -0.5 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

70+40equity 44.6% of total assets
93+41short-term debt 21.1% · cash 39.7%
69+8return on assets 35.7%

Score breakdown

lowers risk
Liquidity: current ratio 3.74, cash €54,613, halved
Sector: Advertising, market research and public relations activities (NACE 73)
Equity €61,260 (44.6% of total assets)
Figures for financial year 2025 (filed on 29-06-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 45% of them on solvency, 86% on liquidity, 37% on profitability and 97% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as FIPS&DA has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of FIPS&DA itself is lower: 0.1% within 12 months. It rests on far more data about FIPS&DA than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for FIPS&DA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €5,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.74 (0.96 in 2024), above the usual 1.5. Short-term debt is 21.1% and cash 39.7% of total assets. However, 55.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.74, cash €54,613, halved
NBB · annual accounts
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
lowers risk · Equity €61,260 (44.6% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 29-06-2026)
NBB · annual accounts
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
32 days early
2024
31 days early
2023
34 days early
2022
34 days early
2021
32 days early
2020
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 33 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BJ
Director
  • BROUWERS Joris 500 sharesdeed of 04-08-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0751674576
Incorporation Founding capital of €5,000, 500 shares · Founder: BROUWERS Joris · Appointment: BROUWERS Joris (director) · published on 04-08-2020 · Gazette deed
First establishment Hasseltsesteenweg 36A, Hasselt
All 15 events

Comparable companies

same main activity, similar in size and age
Company
FIPS&DA Hasselt €137,426 €124,928 44.6% -
ELBiO CONSULTING Bilzen-Hoeselt €155,979 €111,937 84.4% -
GAIKI Jette €131,076 €127,307 1.5% -
ASSIST CONCEPT CONSTRUCT Sint-Genesius-Rode €143,007 €128,122 17.3% -
CX-Expertise Mortsel €137,255 €148,542 86.6% -
Pragmatik Geel €156,073 €137,988 10.1% -
Dover Rise Herzele €146,811 €120,924 0.7% -

These companies have the same main activity as FIPS&DA: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €131,000 and €156,000, founded between 2019 and 2021.

Official details

Source: KBO
Status
Active since 31-07-2020Normal situation
Activity
Public relations and communication consultancyNACE 73300and 1 other
Establishment unit
2.305.887.6613720 Hasselt, since 31-07-2020
Financial year end
31 December
Peppol
Reachable since 19-01-2025
Company details

Annual accounts 2025

€124,928▲ 16.4%
€49,103▲ 20.6%
€61,260▲ 339%
€137,426▼ 51.0%
Filing
Filed on 29-06-2026, 32 days before the end of the filing period
Financials

Insights on FIPS&DA

FIPS&DA files the micro format. That format states no turnover. The gross margin rose from €36,907 in 2020 to €124,928 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-06-2026, 32 days before the deadline
€124,928
▲ 16.4%
€106,707
▲ 20.7%
€49,103
▲ 20.6%
€79,508
▲ €90,473
44.6%
▲ 39.6 percentage points
3.74
▲ 2.78

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 ≈ €230,000. Estimated: probably between €170,000 and €460,000.

Balance sheet

balance sheet total €137,426 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

44.6%

Higher than 43% of 8,611 companies in 2025.

3.74

Higher than 70% of 8,288 companies in 2025.

35.7%

Higher than 82% of 8,397 companies in 2025.

FIPS&DA Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 137,426280,358309,354300,462142,29647,191
21/28 28,89146,21360,35377,5021,8452,349
22/27 28,89146,21360,35377,5021,8452,349
24 28,89146,21360,35377,5021,8452,349
29/58 108,535234,145249,001222,960140,45044,843
40/41 25,15825,99220,86418,1504015,705
40 19,70719,36018,15018,150-15,705
41 5,4526,6322,714-40-
50/53 24,75354,75050,00050,000--
54/58 54,613148,931174,541151,242137,80726,227
490/1 4,0114,4733,5973,5682,6042,911
Balance sheet: equity and liabilities
10/49 137,426280,358309,354300,462142,29647,191
10/15 61,26013,957252,255187,740112,12333,787
10/11 5,0005,0005,0005,0005,0005,000
13 56,2608,957247,255182,740107,12328,787
133 56,2608,957247,255182,740107,12328,787
17/49 76,165266,40157,099112,72230,17213,405
17 47,13921,29135,27749,099--
170/4 7,13921,29135,27749,099--
178/9 40,000-----
42/48 29,026245,11021,53263,34830,17213,280
42 14,15213,98613,82213,660--
44 622-5757145313
440/4 622-5757145313
45 3,0982,5237,65349,53630,02812,966
450/3 3,0982,5235,80347,68630,02810,966
454/9 --1,8501,850-2,000
47/48 11,155228,601-96--
492/3 --290275-125
Income statement
9900 124,928107,317100,875105,409101,45236,907
630 17,32216,68117,1497,572503168
640/8 8992,2051,168842906378
9901 106,70788,43182,55896,995100,04336,361
75/76B 9,504626---0
75 9,504626---0
65/66B 55,79036,949757569287116
65 55,79036,949757569287116
9903 60,42152,10881,80196,42699,75636,245
67/77 11,31711,40617,28620,80921,4197,458
9904 49,10340,70264,51575,61678,33728,787
9905 49,10340,70264,51575,61678,33728,787
Appropriation of the result
9906 49,10340,70264,51575,61678,33728,787
791/2 -239,000----
691/2 47,30370264,51575,61678,33728,787
6921 47,30370264,51575,61678,33728,787
694/7 1,800279,000----
694 1,800279,000----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 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 29-06-2026.

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 29-06-2026 2026-00214167 PDF
31-12-2024 micro format 30-06-2025 2025-00196424 PDF
31-12-2023 micro format 27-06-2024 2024-00181318 PDF
31-12-2022 micro format 27-06-2023 2023-00159730 PDF
31-12-2021 micro format 29-06-2022 2022-20105605 PDF
31-12-2020 micro format 25-06-2021 2021-24700397 PDF

Subsidies and aid

Flemish government 2022, 1 entry, €1,080 awarded, €1,080 paid

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
124,028105,11299,707104,567100,54636,529
66,42557,38381,66483,18978,84028,954
03,379083,22802,517
-94,318-25,61023,29813,436111,580-
79,508-10,965227,469159,612110,27831,563
44.6%5.0%81.5%62.5%78.8%71.6%
3.740.9611.563.524.653.38
1.2419.090.230.600.270.40
80.2%291.6%25.6%40.3%69.9%85.2%
35.7%14.5%20.9%25.2%55.1%61.0%
2.222.84over 100over 100over 100-

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
Item20252024202320222021
Tangible fixed assets-€3,379-€83,228-
€17,322€16,681€17,149€7,572€503

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

Insights on FIPS&DA

The operating result for 2025 is 21% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 95.0% to 55.4%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, since incorporation
Director
appointed by deed of 04-08-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 29-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 04-08-2020

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Board
Mandates as a list
  • BROUWERS Joris
    • Director, appointed by deed of 04-08-2020, still in office

See the board, name and registered office on a given date →

Control

This company
FIPS&DA
Equity €61,260
Profit €49,103 in 2025

Capital

Contribution
€5,000
Shares
500
Contribution per share
€10
Equity per share
€123 in 2025
Source
deed of 04-08-2020

Articles of association

deed of 04-08-2020 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Algemene vergadering bepaalt aantal,duur en bij meerdere bevoegdheid, benoemd met of zonder beperking van duur”
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Op naam, aandeelhouders mogen kennis nemen betreffende hun effecten”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 20:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 04-08-2020 ↗

Network & group

No group

FIPS&DA has no parent and no holdings in its annual accounts. BROUWERS Joris is the only director. FIPS&DA shares no director with another company.

The LEI register names no parent.

Timeline

Timeline

15 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Liquidity more than triples current ratio 3.74 The current ratio rises from 0.96 to 3.74. Short-term debt falls from €245,110 to €29,026.
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0751674576
2024
Annual accounts 2023 filed PDFmicro format · 34 days before the deadline
2023
Liquidity more than triples current ratio 11.56 The current ratio rises from 3.52 to 11.56. Short-term debt falls from €63,348 to €21,532.
Equity above €200,000 equity €252,255 ▲34.4% With a profit in every financial year since 2020, equity grows to €252,255.
Annual accounts 2022 filed PDFmicro format · 34 days before the deadline
2022
Equity above €150,000 equity €187,740 ▲67.4% With a profit in every financial year since 2020, equity grows to €187,740.
Annual accounts 2021 filed PDFmicro format · 32 days before the deadline
2021
Highest result from 2020 to 2025 net €78,337 ▲172% The net result of €78,337 is the highest of those years.
Equity above €100,000 equity €112,123 ▲232% With a profit in every financial year since 2020, equity grows to €112,123.
Annual accounts 2020 filed PDFmicro format · 36 days before the deadline
2020
IncorporationFounding capital of €5,000, 500 shares · Founder: BROUWERS Joris · Appointment: BROUWERS Joris (director) · published on 04-08-20207 points ▸
  • Founder, BROUWERS Joris
  • Founding capital, €5,000, 500 shares
  • BROUWERS Joris holds all the shares
  • 500 shares
  • Registered office clause, Hasseltsesteenweg 36A, 3720 Kortessem
  • Director appointment, BROUWERS Joris
  • Board rule, 1
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Hasseltsesteenweg 36A, Hasselt

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 31 July 2020, FIPS&DA was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 BROUWERS Joris is director of the company, appointed by deed of 04-08-2020.2 Total assets went from €47,191 in 2020 to €137,426 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 04-08-2020
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0751.674.576
VAT number
BE 0751.674.576
Peppol ID
0208:0751674576
Other Peppol ID
9925:BE0751674576
LEI code
9845001DF8WEF07C7361 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
31-07-2020
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 20:00
deed of 04-08-2020 (in Dutch)
Peppol
Reachable since 19-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
FIPS&DA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-08-2020 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 04-08-2020 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70210 Activities of head offices; management consultancy activities main activity
70220 Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verlenen van bijstand,advies en leiding aan bedrijven,privé-personen en instellingen,voornamelijk doch niet uitsluitend op het vlak van…”
10 activities
  1. Het verlenen van bijstand,advies en leiding aan bedrijven,privé-personen en instellingen,voornamelijk doch niet uitsluitend op het vlak van algemeen management,finance,IT,HR,marketing,productie en ontwikkeling,dit alles in de meest ruime betekenis
  2. Het uitoefenen van bestuursmandaten,opdrachten en functies in vennootschappen en verenigingen
  3. Het geven van opleidingen
  4. De verwerving voor eigen rekening van participaties,onder welke vorm het ook zij,in de oprichting,ontwikkeling,omvorming en controle van om het even welke ondernemingen,Belgische of buitenlandse,commerciële,industriële of andere vennootschappen
  5. De verwerving voor eigen rekening van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,intekening,plaatsing,waarborg,koop,aankoopoptie,verhandeling,of op iedere andere wijze
  6. Onderneming in onroerende goederen,welke onder meer omvat:de verwerving,de vervreemding,het beheer,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en het verbouwen,de procuratie
  7. Tussenhandelaar,de makelarij evenals welkdanige onroerende verhandeling in de meest ruime zin,met inbegrip van onroerende leasing
  8. Het verlenen aan de ondernemingen waarin zij deelneemt,al dan niet bezoldigd,van alle bijstand,hetzij technisch,commercieel,administratief of op het vlak van algemeen beheer,hetzij financieel,met inbegrip van de borgstelling,hypotheek verlenen,avalgeving en in pandgeving van onroerende goederen
  9. Tussenpersoon in de handel,zoals makelarij in goederen,de zelfstandige handelsvertegenwoordiging en commissionair
  10. Het eigen beheer van een roerend of onroerend patrimonium
deed of 04-08-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Hasseltsesteenweg 36A registered office 3720 Hasselt 31-07-2020 2.305.887.661

Buildings and parcels at the address

Ground area
997 m²
Buildings
141 m²
Volume, LiDAR
839 m³
Tallest building
7.6 m
Buildings to scale, each on its own parcel
141 m², 7.5 m 141 m², 7.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
73040E0537/00F000997 m² 1 · 141 m² 7.5 m · 2