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FIROBO

Active Risk: not assessed
Limited partnershipfounded 20179 yrs activeRoeselarestraat 26, 8880 Ledegem, BelgiumKBO/BCE: BE 0676.495.321
Summary

FIROBO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2,862 and a net result of €2,433. Equity is shrinking by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 9866 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9866 sector peers (2024).
NBB · sector comparison
Position among 9866 sector peers
Solvency
better than 10%
← weakest strongest →
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 01-07-2025, 30 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
30 d early
2023
33 d early
2022
11 d early
2021
13 d early
2020
11 d early
2019
15 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 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FIROBO was incorporated on 19 May 2017.1 Total assets rose from EUR 41,865 in 2018 to EUR 119,230 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€2,862▲ 567%
2023 · €429
Net result
€2,433
2023 · -€18,182
Total assets
€119,230▼ 3.9%
2023 · €124,014
Solvency
2.4%▲ 2.1pp
2023 · 0.3%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Operating result-€7,660▼ 36.0%€29,382-€15,372-€15,592▼ 1.4%-€2,729▲ 82.5%
Net result-€8,451below the sector's middle half▼ 35.8%€27,058within the sector's middle half-€14,852below the sector's middle half-€18,182below the sector's middle half▼ 22.4%€2,433below the sector's middle half
Equity€6,405below the sector's middle half▼ 56.9%€33,463below the sector's middle half▲ 422%€18,611below the sector's middle half▼ 44.4%€429below the sector's middle half▼ 97.7%€2,862below the sector's middle half▲ 567%
Total assets€27,161below the sector's middle half▼ 22.9%€131,536within the sector's middle half▲ 384%€137,546within the sector's middle half▲ 4.6%€124,014below the sector's middle half▼ 9.8%€119,230below the sector's middle half▼ 3.9%
Debt€20,756▲ 1.8%€98,073▲ 373%€118,935▲ 21.3%€123,585▲ 3.9%€116,368▼ 5.8%
Working capital€2,201▼ 76.2%€22,669▲ 930%€11,453▼ 49.5%-€1,681-€1,318▲ 21.6%
Solvency23.6%within the sector's middle half▼ 18.6pp25.4%within the sector's middle half▲ 1.9pp13.5%below the sector's middle half▼ 11.9pp0.3%below the sector's middle half▼ 13.2pp2.4%below the sector's middle half▲ 2.1pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
-€20,000€0€20,000Operating result 2020: -€7,660-€7,660Net result 2020: -€8,451-€8,451Operating result 2021: €29,382€29,382Net result 2021: €27,058€27,058Operating result 2022: -€15,372-€15,372Net result 2022: -€14,852-€14,852Operating result 2023: -€15,592-€15,592Net result 2023: -€18,182-€18,182Operating result 2024: -€2,729-€2,729Net result 2024: €2,433€2,43320202021202220232024-€20,000-€10,000€0Operating result 2022: -€15,372-€15,400Net result 2022: -€14,852-€14,900Operating result 2023: -€15,592-€15,600Net result 2023: -€18,182-€18,200Operating result 2024: -€2,729-€2,730Net result 2024: €2,433€2,430202220232024
The operating result stays negative: a loss of €2,729 in 2024 against €15,592 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €119,230
Fixed assets €4,179 ▼ 34.1%
Current assets €115,051 ▼ 2.2%
Equity and liabilities €119,230
Equity €2,862 ▲ 567%
Debt €116,368 ▼ 5.8%
Debt's share of the balance-sheet total falls from 99.7% to 97.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
ROE
85.0%
ROA
2.0%▲
2023 · -14.7%
Debt ≤ 1 year
€116,368▼
2023 · €119,357
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€124,014€119,230▼
Fixed assets21/28€6,338€4,179▼
Tangible fixed assets22/27€6,338€4,179▼
Plant, machinery and equipment23€6,338€4,179▼
Current assets29/58€117,675€115,051▼
Amounts receivable within one year40/41€594€24,728▲
Trade receivables40€0€22,500▲
Other amounts receivable41€594€2,228▲
Cash at bank and in hand54/58€117,082€90,323▼
Equity and liabilities
Total equity and liabilities10/49€124,014€119,230▼
Equity10/15€429€2,862▲
Contributions10/11€100€100=
Profit (loss) carried forward14€329€2,762▲
Amounts payable17/49€123,585€116,368▼
Amounts payable within one year42/48€119,357€116,368▼
Trade debts44€9,048€1,143▼
Suppliers440/4€9,048€1,143▼
Taxes, remuneration and social security45€1,812€0▼
Taxes450/3€1,812€0▼
Other amounts payable47/48€108,497€115,225▲
Accrued charges and deferred income492/3€4,228€0▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,560€2,159▼
Other operating charges640/8€260€858▲
Gross operating margin9900-€11,771€288▲
Operating profit (loss)9901-€15,592-€2,729▲
Financial income75/76B€3,505€5,230▲
Recurring financial income75€3,505€5,230▲
Financial charges65/66B€6,095€68▼
Recurring financial charges65€6,095€68▼
Profit (loss) for the period before taxes9903-€18,182€2,433▲
Profit (loss) for the period9904-€18,182€2,433▲
Profit (loss) for the period to be appropriated9905-€18,182€2,433▲
Appropriation of the result
Profit (loss) to be appropriated9906€329€2,762▲
Profit (loss) brought forward from the previous period14P€18,511€329▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,401€1,540€3,560€3,560€2,159▼ 39.4%
Other operating charges640/8-€256€257€260€858▲ 230%
Gross operating margin9900-€6,005€31,178-€11,555-€11,771€288▲ 102%
Operating profit (loss)9901-€7,660€29,382-€15,372-€15,592-€2,729▲ 82.5%
Financial income75/76B-€4,565€4,541€3,505€5,230▲ 49.2%
Recurring financial income75-€4,565€4,541€3,505€5,230▲ 49.2%
Financial charges65/66B-€3,807€4,021€6,095€68▼ 98.9%
Recurring financial charges65€791€3,807€4,021€6,095€68▼ 98.9%
Profit (loss) for the period before taxes9903-€8,451€30,140-€14,852-€18,182€2,433▲ 113%
Income taxes67/77-€3,082€0---
Profit (loss) for the period9904-€8,451€27,058-€14,852-€18,182€2,433▲ 113%
Profit (loss) for the period to be appropriated9905-€8,451€27,058-€14,852-€18,182€2,433▲ 113%
Line20202021202220232024Change
Assets
Total assets20/58€27,161€131,536€137,546€124,014€119,230▼ 3.9%
Fixed assets21/28€4,204€13,459€9,899€6,338€4,179▼ 34.1%
Tangible fixed assets22/27€4,204€13,459€9,899€6,338€4,179▼ 34.1%
Plant, machinery and equipment23-€13,459€9,899€6,338€4,179▼ 34.1%
Current assets29/58€22,957€118,076€127,647€117,675€115,051▼ 2.2%
Amounts receivable within one year40/41€1,177€33,485€64,481€594€24,728▲ 4,065%
Trade receivables40-€32,266€61,719€0€22,500-
Other amounts receivable41-€1,218€2,762€594€2,228▲ 275%
Cash at bank and in hand54/58€21,780€84,592€63,166€117,082€90,323▼ 22.9%
Equity and liabilities
Total equity and liabilities10/49€27,161€131,536€137,546€124,014€119,230▼ 3.9%
Equity10/15€6,405€33,463€18,611€429€2,862▲ 567%
Contributions10/11-€100€100€100€100=
Profit (loss) carried forward14€6,305€33,363€18,511€329€2,762▲ 740%
Amounts payable17/49€20,756€98,073€118,935€123,585€116,368▼ 5.8%
Amounts payable within one year42/48€20,756€95,408€116,194€119,357€116,368▼ 2.5%
Trade debts44€0€650€11,821€9,048€1,143▼ 87.4%
Suppliers440/4-€650€11,821€9,048€1,143▼ 87.4%
Taxes, remuneration and social security45-€4,224€1,175€1,812€0▼ 100%
Taxes450/3-€4,224€1,175€1,812€0▼ 100%
Other amounts payable47/48-€90,533€103,198€108,497€115,225▲ 6.2%
Accrued charges and deferred income492/3-€2,665€2,741€4,228€0▼ 100%
Line20202021202220232024Change
Profit (loss) for the period9904-€8,451€27,058-€14,852-€18,182€2,433▲ 113%
+ Depreciation and write-downs630€1,401€1,540€3,560€3,560€2,159▼ 39.4%
Operating cash flow (approximation)-€7,050€28,598-€11,292-€14,622€4,592▲ 131%
Investment in fixed assets (approximation)--€10,795€0€0€0-
Change in cash-€62,811-€21,426€53,916-€26,759▼ 150%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €2,433
Net result €2,433 after 2 loss-making years.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€18,182
Net result drops to -€18,182, the lowest in the series; recovery starts the following year.
20-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €27,058
Net result €27,058 after 2 loss-making years.
20-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Ledegem · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
5,552 m²
Building footprint
254 m²
Volume, LiDAR
1,310 m³
Parcel 36016B0587/00G000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
FIROBO
Roeselarestraat 26, 8880 LedegemMixed farming
since 20172.268.212.762
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36016B0587/00G000 Flanders 5,552 m² 1 · 254 m² 10.1 m · 2 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Ledegem2.268.212.762
2 permissions
Boerderij - schapen en geiten · since 04-02-2025
Boerderij - runderen · since 01-01-2021

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 2,221 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formLimited partnership
Founded19-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
01500Mixed farming
46231Wholesale of live animals
E-invoicing
Reachable via Peppol
Peppol ID 0208:0676495321
Also 9925:BE0676495321
Registered 03-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.