FIRECASTLE
ActiveSummary
FIRECASTLE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44,732 and a net result of €2,357. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 3542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-22
Solvency82▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 3.67 in 2023; short-term debt: 40.8% and cash: 2.1% of total assets), and 43.1% of the assets are financed with debt.
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Signals
Three 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 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.9%
Return on assets
3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
27 d early
2022
13 d early
2021
46 d early
2020
26 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€147,783
EBIT margin
-1.1%
Net result
€2,357▼ 77.1%
2023 · €10,290
Working capital
-€8,961
2023 · €23,759
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€147,783
Operating result€9,365-€1,578€2,011€11,602▲ 477%€2,738▼ 76.4%
Net result€11,146-€3,746€1,947€10,290▲ 429%€2,357▼ 77.1%
EBIT margin-1.1%
Equity€34,592▲ 52.1%€30,137▼ 12.9%€32,084▲ 6.5%€42,374▲ 32.1%€44,732▲ 5.6%
Total assets€69,997▼ 1.7%€45,193▼ 35.4%€39,776▼ 12.0%€51,285▲ 28.9%€78,615▲ 53.3%
Debt€35,405▼ 27.0%€15,055▼ 57.5%€7,692▼ 48.9%€8,910▲ 15.8%€33,883▲ 280%
Working capital€33,535▲ 770%€18,432▼ 45.0%€19,989▲ 8.4%€23,759▲ 18.9%-€8,961
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 76% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78,615
Fixed assets
€55,505 ▲ 198%
Current assets
€23,110 ▼ 29.3%
Equity and liabilities €78,615
Equity
€44,732 ▲ 5.6%
Debt
€33,883 ▲ 280%
Debt's share of the balance-sheet total rises from 17.4% to 43.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,999▼
2023 · €14,280
Cash flow
€11,618▼
2023 · €12,969
Current ratio
0.72▼
2023 · 3.67
Quick ratio
0.54▼
2023 · 2.86
Debt to equity
0.76▲
2023 · 0.21
ROE
5.3%▼
2023 · 24.3%
ROA
3.0%▼
2023 · 20.1%
Interest coverage
268.67▼
2023 · 367.29
Debt ≤ 1 year
€32,071▲
2023 · €8,910
Income taxes
€1,554▲
2023 · €1,396
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €147,783 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €141,025 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,662 | €7,746 | €4,693 | €2,679 | €9,261 | ▲ 246% |
| Other operating charges640/8 | - | €591 | €594 | €995 | €1,026 | ▲ 3.1% |
| Gross operating margin9900 | €31,616 | €6,758 | €7,298 | €15,275 | €13,025 | ▼ 14.7% |
| Operating profit (loss)9901 | €9,365 | -€1,578 | €2,011 | €11,602 | €2,738 | ▼ 76.4% |
| Financial income75/76B | - | - | €325 | €123 | €1,217 | ▲ 887% |
| Recurring financial income75 | €3,000 | - | €325 | €123 | €1,217 | ▲ 887% |
| Financial charges65/66B | - | €1,918 | €134 | €39 | €45 | ▲ 14.9% |
| Recurring financial charges65 | €952 | €1,918 | €134 | €39 | €45 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | €11,413 | -€3,496 | €2,202 | €11,686 | €3,911 | ▼ 66.5% |
| Income taxes67/77 | €267 | €250 | €256 | €1,396 | €1,554 | ▲ 11.3% |
| Profit (loss) for the period9904 | €11,146 | -€3,746 | €1,947 | €10,290 | €2,357 | ▼ 77.1% |
| Profit (loss) for the period to be appropriated9905 | €11,146 | -€3,746 | €1,947 | €10,290 | €2,357 | ▼ 77.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,997 | €45,193 | €39,776 | €51,285 | €78,615 | ▲ 53.3% |
| Fixed assets21/28 | €15,592 | €11,705 | €14,013 | €18,616 | €55,505 | ▲ 198% |
| Tangible fixed assets22/27 | €15,592 | €11,705 | €14,013 | €18,616 | €55,505 | ▲ 198% |
| Plant, machinery and equipment23 | - | €11,705 | - | €5,308 | €6,848 | ▲ 29.0% |
| Furniture and vehicles24 | - | - | €14,013 | €13,307 | €48,658 | ▲ 266% |
| Current assets29/58 | €54,405 | €33,487 | €25,763 | €32,669 | €23,110 | ▼ 29.3% |
| Stocks and contracts in progress3 | €5,523 | €6,788 | €8,040 | €7,174 | €5,746 | ▼ 19.9% |
| Stocks30/36 | - | €6,788 | €8,040 | €7,174 | €5,746 | ▼ 19.9% |
| Amounts receivable within one year40/41 | €17,380 | €17,689 | €14,322 | €10,665 | €15,713 | ▲ 47.3% |
| Trade receivables40 | - | €17,689 | €14,322 | €9,152 | €12,926 | ▲ 41.2% |
| Other amounts receivable41 | - | - | - | €1,513 | €2,788 | ▲ 84.2% |
| Cash at bank and in hand54/58 | €31,109 | €8,562 | €2,847 | €6,610 | €1,650 | ▼ 75.0% |
| Deferred charges and accrued income490/1 | - | €447 | €554 | €8,219 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,997 | €45,193 | €39,776 | €51,285 | €78,615 | ▲ 53.3% |
| Equity10/15 | €34,592 | €30,137 | €32,084 | €42,374 | €44,732 | ▲ 5.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | €18,600 | - | - |
| Issued capital100 | - | €18,600 | - | €18,600 | - | - |
| Reserves13 | €21,986 | €21,986 | €21,986 | €21,986 | €21,986 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €18,388 | €18,388 | €18,388 | €18,388 | = |
| Distributable reserves133 | - | €1,738 | €1,738 | €1,738 | €1,738 | = |
| Profit (loss) carried forward14 | -€5,994 | -€10,449 | -€8,502 | €1,788 | €4,146 | ▲ 132% |
| Amounts payable17/49 | €35,405 | €15,055 | €7,692 | €8,910 | €33,883 | ▲ 280% |
| Amounts payable after more than one year17 | €14,232 | - | - | - | - | - |
| Amounts payable within one year42/48 | €20,870 | €15,055 | €5,774 | €8,910 | €32,071 | ▲ 260% |
| Current portion of amounts payable after more than one year42 | - | €9,320 | - | - | - | - |
| Trade debts44 | €2,204 | - | - | €2,959 | €6,629 | ▲ 124% |
| Suppliers440/4 | - | - | - | €2,959 | €6,629 | ▲ 124% |
| Taxes, remuneration and social security45 | - | €2,402 | €5,253 | €5,951 | €2,944 | ▼ 50.5% |
| Taxes450/3 | - | €2,402 | €2,333 | €2,351 | €2,944 | ▲ 25.2% |
| Remuneration and social security454/9 | - | - | €2,920 | €3,600 | - | - |
| Other amounts payable47/48 | - | €3,333 | €521 | - | €22,498 | - |
| Accrued charges and deferred income492/3 | - | - | €1,918 | - | €1,812 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,146 | -€3,746 | €1,947 | €10,290 | €2,357 | ▼ 77.1% |
| + Depreciation and write-downs630 | €21,662 | €7,746 | €4,693 | €2,679 | €9,261 | ▲ 246% |
| Operating cash flow (approximation) | €32,807 | €4,000 | €6,640 | €12,969 | €11,618 | ▼ 10.4% |
| Investment in fixed assets (approximation) | - | -€3,859 | -€7,000 | -€7,282 | -€46,150 | ▼ 534% |
| Change in cash | - | -€22,547 | -€5,715 | €3,763 | -€4,960 | ▼ 232% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,947
Net result €1,947 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.46
Current ratio from 2.22 to 4.46; short-term debt falls from €15,055 to €5,774.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €11,146
Net result €11,146 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.61
Current ratio from 1.13 to 2.61; short-term debt falls from €30,110 to €20,870.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€5,868
Net result drops to -€5,868, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
27-06
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 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, Ardooie · 1 establishment unit since 2015
Ground area
4,726 m²
Building footprint
257 m²
Parcel 36001E0065/00B000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FIRECASTLE
since 20152.302.950.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0065/00B000 | Flanders | 4,726 m² | 1 · 256 m² | - |
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.
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Of 407 companies in sector 95210 we hold annual accounts for 116. 80 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
Founded01-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0639781811
Also
9925:BE0639781811
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.