FIROA
ActiveSummary
FIROA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,521 and a net result of -€9,969. Equity is shrinking by ~30.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 20% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▲+1
Solvency40▼-6
Growth22=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.52 against 1.99 in 2024; short-term debt: 24.5% and cash: 1.9% of total assets), and 85.4% of the assets are financed with debt.
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Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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 2025Solvency, return and age of the figures
Solvency
14.6%
Return on assets
-11.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€9,969
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 20%
← 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 15-07-2026, 16 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
16 d early
2024
23 d early
2023
1 d late
2022
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 12 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€35,994▼ 10.7%
2024 · €40,317
EBIT margin
-29.5%▲ 1.1pp
2024 · -30.6%
Net result
-€9,969▲ 29.0%
2024 · -€14,033
Working capital
-€10,020
2024 · €15,845
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€69,126-€88,894▲ 28.6%€40,317▼ 54.6%€35,994▼ 10.7%
Operating result€17,424-€7,427▼ 57.4%-€12,338-€10,605▲ 14.0%
Net result€12,452within the sector's middle half-€4,071within the sector's middle half▼ 67.3%-€14,033below the sector's middle half-€9,969below the sector's middle half▲ 29.0%
EBIT margin25.2%-8.4%▼ 16.9pp-30.6%▼ 39.0pp-29.5%▲ 1.1pp
Equity€32,452within the sector's middle half-€36,523within the sector's middle half▲ 12.5%€22,490below the sector's middle half▼ 38.4%€12,521below the sector's middle half▼ 44.3%
Total assets€114,787within the sector's middle half-€115,996within the sector's middle half▲ 1.1%€106,777within the sector's middle half▼ 7.9%€85,887within the sector's middle half▼ 19.6%
Debt€82,335-€79,473▼ 3.5%€84,287▲ 6.1%€73,366▼ 13.0%
Working capital€43,095within the sector's middle half-€39,892within the sector's middle half▼ 7.4%€15,845within the sector's middle half▼ 60.3%-€10,020below the sector's middle half
Solvency28.3%within the sector's middle half-31.5%within the sector's middle half▲ 3.2pp21.1%below the sector's middle half▼ 10.4pp14.6%below the sector's middle half▼ 6.5pp
Current ratio5.22above the sector's middle half-4.27within the sector's middle half▼ 0.951.99within the sector's middle half▼ 2.270.52below the sector's middle half▼ 1.47
Return on assets (ROA)10.8%within the sector's middle half-3.5%within the sector's middle half▼ 7.3pp-13.1%below the sector's middle half▼ 16.7pp-11.6%below the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,605 in 2025 against €12,338 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,887
Fixed assets
€74,844 ▼ 0.2%
Current assets
€11,043 ▼ 65.3%
Equity and liabilities €85,887
Equity
€12,521 ▼ 44.3%
Debt
€73,366 ▼ 13.0%
Debt's share of the balance-sheet total rises from 78.9% to 85.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,467▲
2024 · -€10,289
Cash flow
-€6,831▲
2024 · -€11,984
Debt to equity
5.86▲
2024 · 3.75
ROE
-79.6%▼
2024 · -62.4%
Interest coverage
-11.10▼
2024 · -6.07
Debt ≤ 1 year
€21,063▲
2024 · €15,950
Debt > 1 year
€52,303▼
2024 · €68,337
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,206 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.2%
went bankrupt
4.1%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 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% | 1.7% |
| 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 75% 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 1,206 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €69,126 | €88,894 | €40,317 | €35,994 | ▼ 10.7% |
| Goods, raw materials, services and sundry goods60/61 | €39,096 | €76,673 | €51,130 | €42,622 | ▼ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €780 | €1,501 | €2,049 | €3,138 | ▲ 53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,712 | - | - | - |
| Other operating charges640/8 | €11,826 | €581 | €236 | €839 | ▲ 256% |
| Gross operating margin9900 | €30,030 | €12,221 | -€10,053 | -€6,628 | ▲ 34.1% |
| Operating profit (loss)9901 | €17,424 | €7,427 | -€12,338 | -€10,605 | ▲ 14.0% |
| Financial income75/76B | - | €10 | - | €1,309 | - |
| Recurring financial income75 | - | €10 | - | €2 | - |
| Non-recurring financial income76B | - | - | - | €1,307 | - |
| Financial charges65/66B | €1,510 | €1,769 | €1,695 | €673 | ▼ 60.3% |
| Recurring financial charges65 | €1,510 | €1,769 | €1,695 | €673 | ▼ 60.3% |
| Profit (loss) for the period before taxes9903 | €15,914 | €5,668 | -€14,033 | -€9,969 | ▲ 29.0% |
| Income taxes67/77 | €3,462 | €1,597 | - | - | - |
| Profit (loss) for the period9904 | €12,452 | €4,071 | -€14,033 | -€9,969 | ▲ 29.0% |
| Profit (loss) for the period to be appropriated9905 | €12,452 | €4,071 | -€14,033 | -€9,969 | ▲ 29.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €114,787 | €115,996 | €106,777 | €85,887 | ▼ 19.6% |
| Fixed assets21/28 | €61,469 | €63,898 | €74,982 | €74,844 | ▼ 0.2% |
| Tangible fixed assets22/27 | €61,369 | €63,798 | €74,882 | €74,744 | ▼ 0.2% |
| Land and buildings22 | €60,950 | €63,478 | €74,661 | €74,622 | ▼ 0.1% |
| Furniture and vehicles24 | €419 | €320 | €221 | €122 | ▼ 44.8% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €53,318 | €52,098 | €31,795 | €11,043 | ▼ 65.3% |
| Amounts receivable within one year40/41 | €14,286 | €28,740 | €29,581 | €9,166 | ▼ 69.0% |
| Trade receivables40 | €11,231 | €25,191 | €24,007 | €8,506 | ▼ 64.6% |
| Other amounts receivable41 | €3,055 | €3,549 | €5,574 | €660 | ▼ 88.2% |
| Cash at bank and in hand54/58 | €38,782 | €23,357 | €2,140 | €1,624 | ▼ 24.1% |
| Deferred charges and accrued income490/1 | €250 | €1 | €74 | €253 | ▲ 242% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €114,787 | €115,996 | €106,777 | €85,887 | ▼ 19.6% |
| Equity10/15 | €32,452 | €36,523 | €22,490 | €12,521 | ▼ 44.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €12,452 | €16,523 | €2,490 | -€7,479 | ▼ 400% |
| Amounts payable17/49 | €82,335 | €79,473 | €84,287 | €73,366 | ▼ 13.0% |
| Amounts payable after more than one year17 | €72,112 | €67,267 | €68,337 | €52,303 | ▼ 23.5% |
| Other amounts payable178/9 | €72,112 | €67,267 | €68,337 | €52,303 | ▼ 23.5% |
| Amounts payable within one year42/48 | €10,223 | €12,206 | €15,950 | €21,063 | ▲ 32.1% |
| Current portion of amounts payable after more than one year42 | €4,367 | €4,845 | €5,743 | €14,964 | ▲ 161% |
| Trade debts44 | €1,719 | €2,279 | €5,590 | €2,339 | ▼ 58.2% |
| Suppliers440/4 | €1,719 | €2,279 | €5,590 | €2,339 | ▼ 58.2% |
| Taxes, remuneration and social security45 | €3,708 | €3,858 | €4,617 | €2,033 | ▼ 56.0% |
| Taxes450/3 | €3,708 | €3,858 | €4,617 | €2,033 | ▼ 56.0% |
| Other amounts payable47/48 | €429 | €1,224 | - | €1,727 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,452 | €4,071 | -€14,033 | -€9,969 | ▲ 29.0% |
| + Depreciation and write-downs630 | €780 | €1,501 | €2,049 | €3,138 | ▲ 53.1% |
| Operating cash flow (approximation) | €13,232 | €5,572 | -€11,984 | -€6,831 | ▲ 43.0% |
| Investment in fixed assets (approximation) | - | -€3,930 | -€13,133 | -€3,000 | ▲ 77.2% |
| Change in cash | - | -€15,425 | -€21,217 | -€516 | ▲ 97.6% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€14,033
Net result drops to -€14,033, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Anderlecht · 1 establishment unit since 2022
Ground area
40 m²
Building footprint
60 m²
Volume, LiDAR
494 m³
Parcel 21001A0725/00F000, Brussels · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FIROA
since 20222.328.372.855
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0725/00F000 | Brussels | 40 m² | 1 · 60 m² | 10.9 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 25,456 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
Founded25-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782641233
Also
9925:BE0782641233
Registered
28-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.