Turnover
The micro format states no turnover.
The micro format states no turnover.
Less equity than 89% of companies in fabricated metal products. Sector median €72,830 · 2,346 companies.
In July 2024, 2,135 companies had the same profile as FIRO TECH has now. Each dot stands for 6 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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.
| 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 2,135 companies, not a prediction for FIRO TECH. 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.
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.
| Company | ||||
|---|---|---|---|---|
| FIRO TECH Mechelen | €23,165 | €8,840 | 9.8% | - |
| Maes Hekwerken Hulshout | €23,673 | €9,259 | -287.0% | - |
| JMVDM Heist-op-den-Berg | €27,719 | €12,294 | 19.3% | - |
| ATELIERS COKAIKO Blegny | €30,185 | €11,980 | 18.8% | - |
| STEEL DYNAMICS Brussels | €27,232 | €10,334 | 43.2% | - |
| DWO DESIGN Maldegem | €22,927 | €15,418 | 63.8% | - |
| Peco Creations Maaseik | €25,836 | €8,735 | 34.4% | - |
These companies have the same main activity as FIRO TECH: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €22,900 and €30,200, founded between 2023 and 2025.
FIRO TECH has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,268 and a net result of €268.
Its solvency ranks better than 15% of 2,343 sector peers (NACE 25, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €60,000. Estimated: probably between €25,000 and €120,000.
Higher than 15% of 2,343 companies in 2025.
Higher than 16% of 2,309 companies in 2025.
Higher than 29% of 2,323 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
23,165 | |
21/28 |
8,297 | |
22/27 |
8,297 | |
23 |
218 | |
24 |
8,078 | |
29/58 |
14,869 | |
40/41 |
1,089 | |
40 |
1,089 | |
54/58 |
10,607 | |
490/1 |
3,172 | |
| Balance sheet: equity and liabilities | ||
10/49 |
23,165 | |
10/15 |
2,268 | |
10/11 |
2,000 | |
14 |
268 | |
17/49 |
20,897 | |
42/48 |
20,897 | |
44 |
2,974 | |
440/4 |
2,974 | |
45 |
3,427 | |
450/3 |
3,427 | |
47/48 |
14,496 | |
| Income statement | ||
9900 |
8,840 | |
630 |
737 | |
640/8 |
701 | |
66A |
2,552 | |
9901 |
4,850 | |
75/76B |
30 | |
75 |
30 | |
65/66B |
3,403 | |
65 |
3,403 | |
9903 |
1,477 | |
67/77 |
1,209 | |
9904 |
268 | |
9905 |
268 | |
| Appropriation of the result | ||
9906 |
268 | |
| Document | ||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00209655 |
| Line | Trend | 2025 |
|---|---|---|
| 5,587 | ||
| 1,005 | ||
| 9,034 | ||
| -6,029 | ||
| 9.8% | ||
| 0.71 | ||
| 9.21 | ||
| 11.8% | ||
| 1.2% | ||
| 1.64 |
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.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €9,034 |
| €737 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Debt's share of the balance-sheet total is 90.2%.
FIRO TECH has no parent and no holdings in its annual accounts. FIRO TECH shares no director with another company.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Expoelstraat 25 registered office 2811 Mechelen | 26-07-2024 | 2.362.112.920 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12016D0356/00G000 | 272 m² | 1 · 98 m² | 9.6 m · 2 |
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