FIRO ENGINEERING
ActiveSummary
FIRO ENGINEERING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,000 and a net result of €43,450. Equity is shrinking by ~23% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 18% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency39▼-9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.15 in 2024; short-term debt: 85.1% and cash: 27.4% of total assets), and 86.1% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
13.9%
Return on assets
60.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9511 sector peers (2025).
NBB · sector comparisonPosition among 9511 sector peers
Solvency
better than 18%
← weakest
strongest →
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 02-06-2026, 59 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
59 d early
2024
22 d early
2023
22 d early
2022
26 d early
2021
34 d early
2020
11 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 29 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€10,000▼ 33.9%
2024 · €15,128
Total assets
€71,918▲ 9.9%
2024 · €65,418
Net result
€43,450▲ 70.7%
2024 · €25,459
Working capital
-€2,014
2024 · €6,150
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
Line20212022202320242025
Operating result€2,959▼ 94.0%€6,786▲ 129%€39,483▲ 482%€34,650▼ 12.2%€54,984▲ 58.7%
Net result€2,265▼ 94.2%€4,947▲ 118%€27,514▲ 456%€25,459▼ 7.5%€43,450▲ 70.7%
Equity€49,710▲ 3.0%€53,857▲ 8.3%€31,398▼ 41.7%€15,128▼ 51.8%€10,000▼ 33.9%
Total assets€91,855▲ 12.4%€112,609▲ 22.6%€85,531▼ 24.0%€65,418▼ 23.5%€71,918▲ 9.9%
Debt€42,146▲ 25.8%€58,752▲ 39.4%€54,133▼ 7.9%€50,290▼ 7.1%€61,918▲ 23.1%
Working capital€44,826▲ 6.1%€46,558▲ 3.9%€22,713▼ 51.2%€6,150▼ 72.9%-€2,014
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,918
Fixed assets
€12,763 ▼ 32.6%
Current assets
€59,154 ▲ 27.3%
Equity and liabilities €71,918
Equity
€10,000 ▼ 33.9%
Debt
€61,918 ▲ 23.1%
Debt's share of the balance-sheet total rises from 76.9% to 86.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64,494▲
2024 · €43,724
Cash flow
€52,961▲
2024 · €34,533
Current ratio
0.97▼
2024 · 1.15
Debt to equity
6.19▲
2024 · 3.32
ROE
434.5%▲
2024 · 168.3%
ROA
60.4%▲
2024 · 38.9%
Interest coverage
128.64▲
2024 · 13.68
Debt ≤ 1 year
€61,168▲
2024 · €40,329
Debt > 1 year
€750▼
2024 · €9,961
Income taxes
€11,474▲
2024 · €6,821
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,374 | €9,135 | €9,116 | €9,074 | €9,511 | ▲ 4.8% |
| Other operating charges640/8 | €311 | €259 | €2,412 | €988 | €648 | ▼ 34.4% |
| Non-recurring operating charges66A | - | - | €101 | €0 | - | - |
| Gross operating margin9900 | €11,644 | €16,180 | €51,112 | €44,713 | €65,143 | ▲ 45.7% |
| Operating profit (loss)9901 | €2,959 | €6,786 | €39,483 | €34,650 | €54,984 | ▲ 58.7% |
| Financial income75/76B | €502 | €1,451 | €999 | €826 | €441 | ▼ 46.6% |
| Recurring financial income75 | €502 | €1,451 | €999 | €826 | €441 | ▼ 46.6% |
| Financial charges65/66B | €257 | €1,220 | €4,687 | €3,196 | €501 | ▼ 84.3% |
| Recurring financial charges65 | €257 | €1,220 | €4,687 | €3,196 | €501 | ▼ 84.3% |
| Profit (loss) for the period before taxes9903 | €3,204 | €7,017 | €35,795 | €32,280 | €54,923 | ▲ 70.1% |
| Income taxes67/77 | €939 | €2,070 | €8,280 | €6,821 | €11,474 | ▲ 68.2% |
| Profit (loss) for the period9904 | €2,265 | €4,947 | €27,514 | €25,459 | €43,450 | ▲ 70.7% |
| Profit (loss) for the period to be appropriated9905 | €2,265 | €4,947 | €27,514 | €25,459 | €43,450 | ▲ 70.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,855 | €112,609 | €85,531 | €65,418 | €71,918 | ▲ 9.9% |
| Fixed assets21/28 | €11,604 | €36,822 | €27,105 | €18,939 | €12,763 | ▼ 32.6% |
| Tangible fixed assets22/27 | €11,604 | €36,322 | €27,105 | €18,939 | €12,763 | ▼ 32.6% |
| Plant, machinery and equipment23 | €3,765 | €3,722 | €2,554 | €2,283 | €3,460 | ▲ 51.5% |
| Furniture and vehicles24 | €7,839 | €32,600 | €24,550 | €16,655 | €9,304 | ▼ 44.1% |
| Financial fixed assets28 | - | €500 | €0 | - | - | - |
| Current assets29/58 | €80,251 | €75,787 | €58,426 | €46,480 | €59,154 | ▲ 27.3% |
| Amounts receivable after more than one year29 | €13,528 | €13,528 | €0 | - | - | - |
| Trade receivables290 | - | €13,528 | €0 | - | - | - |
| Other amounts receivable291 | €13,528 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €23,885 | €38,987 | €45,524 | €33,950 | €35,771 | ▲ 5.4% |
| Trade receivables40 | €18,793 | €18,549 | €25,561 | €25,184 | €23,604 | ▼ 6.3% |
| Other amounts receivable41 | €5,093 | €20,438 | €19,962 | €8,765 | €12,168 | ▲ 38.8% |
| Cash at bank and in hand54/58 | €5,818 | €5,571 | €588 | €5,554 | €19,732 | ▲ 255% |
| Deferred charges and accrued income490/1 | €37,020 | €17,700 | €12,315 | €6,975 | €3,651 | ▼ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,855 | €112,609 | €85,531 | €65,418 | €71,918 | ▲ 9.9% |
| Equity10/15 | €49,710 | €53,857 | €31,398 | €15,128 | €10,000 | ▼ 33.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €39,710 | €43,857 | €21,398 | €5,128 | €0 | ▼ 100% |
| Distributable reserves133 | €39,710 | €43,857 | €21,398 | €5,128 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €42,146 | €58,752 | €54,133 | €50,290 | €61,918 | ▲ 23.1% |
| Amounts payable after more than one year17 | €6,720 | €29,523 | €18,420 | €9,961 | €750 | ▼ 92.5% |
| Financial debts170/4 | €6,720 | €29,523 | €18,420 | €9,961 | €750 | ▼ 92.5% |
| Amounts payable within one year42/48 | €35,425 | €29,229 | €35,713 | €40,329 | €61,168 | ▲ 51.7% |
| Current portion of amounts payable after more than one year42 | €4,171 | €20,941 | €16,436 | €8,459 | €8,911 | ▲ 5.3% |
| Financial debts43 | - | - | €36 | €0 | - | - |
| Other loans439 | - | - | €36 | €0 | - | - |
| Trade debts44 | €10,079 | €898 | €760 | €523 | €1,091 | ▲ 109% |
| Suppliers440/4 | €10,079 | €898 | €760 | €523 | €1,091 | ▲ 109% |
| Taxes, remuneration and social security45 | €18,239 | €6,590 | €18,480 | €11,015 | €7,716 | ▼ 30.0% |
| Taxes450/3 | €14,375 | €6,590 | €18,480 | €11,015 | €7,716 | ▼ 30.0% |
| Remuneration and social security454/9 | €3,864 | €0 | - | - | - | - |
| Other amounts payable47/48 | €2,937 | €800 | €0 | €20,331 | €43,450 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,265 | €4,947 | €27,514 | €25,459 | €43,450 | ▲ 70.7% |
| + Depreciation and write-downs630 | €8,374 | €9,135 | €9,116 | €9,074 | €9,511 | ▲ 4.8% |
| Operating cash flow (approximation) | €10,639 | €14,082 | €36,630 | €34,533 | €52,961 | ▲ 53.4% |
| Investment in fixed assets (approximation) | - | -€34,353 | €601 | -€908 | -€3,336 | ▼ 267% |
| Change in cash | - | -€247 | -€4,983 | €4,966 | €14,178 | ▲ 185% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €43,450 ▲70.7%
Operating result €54,984, net result €43,450, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2,265 ▼94.2%
Net result drops to €2,265, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Halle · 1 establishment unit since 2019
Ground area
318 m²
Building footprint
130 m²
Volume, LiDAR
1,281 m³
Parcel 23027G0346/00W002, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Brusselsesteenweg 110, 1500 Halle
since 20192.290.900.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027G0346/00W002 | Flanders | 318 m² | 1 · 130 m² | 14.9 m · 4 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 2,933 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
Founded26-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
25999Manufacture of fabricated metal products, except machinery and equipment
28990Manufacture of machinery and equipment not elsewhere classified
74112Other professional, scientific and technical activities
74120Graphic design and visual communication
Contact
E-mail
Info@firo-engineering.com
Scores and ratios are computed by Checked and are not a credit decision.