Firmo
ActiveFirmo has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €350k and a net result of €100k. Equity is growing by ~89% per year across the filed fiscal years. Its solvency ranks better than 31% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency8▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days only on tighter terms
Liquidity short (current ratio 0.14 against 0.1 in 2024), and 87.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 68
lower
← 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
12.2%
Return on assets
3.5%
Age of the figures
8 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
57 d early
2024
3 d early
2023
124 d early
2022
69 d early
2021
72 d early
2020
55 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€350k▲ 40.1%
2024 · €250k
2020: €-84k
2021: €-53k
2022: €38k
2023: €141k
2024: €250k
2020 → 2025
Total assets
€2.87M▼ 5.4%
2024 · €3.03M
2020: €4.26M
2021: €3.66M
2022: €3.49M
2023: €3.20M
2024: €3.03M
2020 → 2025
Net result
€100k▼ 7.7%
2024 · €108k
2020: €-114k
2021: €30k
2022: €92k
2023: €103k
2024: €108k
2020 → 2025
Working capital
€-267k▲ 1.2%
2024 · €-270k
2020: €-1.69M
2021: €-145k
2022: €-148k
2023: €-284k
2024: €-270k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-53k-€38k€141k▲ 268%€250k▲ 76.8%€350k▲ 40.1%
Operating result€68k-€125k▲ 82.9%€146k▲ 16.6%€161k▲ 10.1%€173k▲ 7.5%
Net result€30k-€92k▲ 202%€103k▲ 12.0%€108k▲ 5.6%€100k▼ 7.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 8% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.87M
Fixed assets
€2.82M▼ 5.9%
Current assets
€42k▲ 43.2%
Equity and liabilities €2.87M
Equity
€350k▲ 40.1%
Debt
€2.52M▼ 9.5%
The debt ratio falls from 91.8% to 87.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€349k▲
2024 · €337k
Cash flow
€276k▼
2024 · €285k
Solvency
12.2%▲
2024 · 8.2%
Current ratio
0.14▲
2024 · 0.10
Quick ratio
0.14▲
2024 · 0.10
Debt / equity
7.19▼
2024 · 11.13
ROE
28.6%▼
2024 · 43.5%
ROA
3.5%▼
2024 · 3.6%
Interest coverage
13.57▲
2024 · 11.55
Debt
€2.52M▼
2024 · €2.78M
Debt ≤ 1 year
€309k▲
2024 · €300k
Debt > 1 year
€2.21M▼
2024 · €2.48M
Income taxes
€47k▲
2024 · €23k
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€3.03M€2.87M▼
Fixed assets21/28€3.00M€2.82M▼
Tangible fixed assets22/27€3.00M€2.82M▼
Land and buildings22€3.00M€2.82M▼
Plant, machinery and equipment23€4k€4k▼
Current assets29/58€29k€42k▲
Amounts receivable within one year40/41-€269
Trade receivables40-€269
Cash at bank and in hand54/58€29k€42k▲
Equity and liabilities
Total equity and liabilities10/49€3.03M€2.87M▼
Equity10/15€250k€350k▲
Contributions10/11€30k€30k=
Reserves13€200k€300k▲
Distributable reserves133€200k€300k▲
Profit (loss) carried forward14€20k€20k▲
Amounts payable17/49€2.78M€2.52M▼
Amounts payable after more than one year17€2.48M€2.21M▼
Financial debts170/4€2.48M€2.21M▼
Amounts payable within one year42/48€300k€309k▲
Current portion of amounts payable after more than one year42€271k€273k▲
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€29k€35k▲
Taxes450/3€29k€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€176k€176k=
Other operating charges640/8€21k€22k▲
Gross operating margin9900€358k€371k▲
Operating profit (loss)9901€161k€173k▲
Financial charges65/66B€29k€26k▼
Recurring financial charges65€29k€26k▼
Profit (loss) for the period before taxes9903€132k€147k▲
Income taxes67/77€23k€47k▲
Profit (loss) for the period9904€108k€100k▼
Profit (loss) for the period to be appropriated9905€108k€100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€120k€120k▲
Profit (loss) brought forward from the previous period14P€11k€20k▲
Transfer to equity691/2€100k€100k=
To other reserves6921€100k€100k=
The notes to these accounts (14 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €108k ▲5.6%
Net result €108k, the highest in the series.
31-12
Financial
Equity above €200kEq €250k ▲76.8%
4 profitable years in a row build equity to €250k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €141k ▲268%
3 profitable years in a row build equity to €141k.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zele · 1 establishment unit since 2019
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.
Poldergotestraat 49240 ZeleGround area
3,197 m²
Building footprint
1,335 m²
Parcel 42028A1514/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Firmo
since 20192.293.207.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1514/00B000 | Flanders | 3,197 m² | 1 · 1,335 m² | 0.0 m |
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.
Similar companies · same sector, comparable size
G-ACCESS
BE 0879.046.563
Rixensart · Eq €350k
Metropolitan Business Solutions Belgium
BE 0833.886.036
Antwerpen · Eq €350k
ILGAT BUSINESS PARK
BE 0444.611.475
Hasselt · Eq €350k
STOREX TER
BE 0773.422.471
Wevelgem · Eq €350k
LES PERES NOIRS
BE 0887.984.124
Fléron · Eq €350k
Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 3,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2019
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.