FISA LIVECOM BRUSSELS

Active

Public limited companyfounded 200521 yrs activeAtomiumsquare 1, 1020 Brussel, BelgiumKBO/BCE: BE 0874.484.989

Summary

FISA LIVECOM BRUSSELS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €6.0m. Equity is shrinking by ~19.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 20% of 1082 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch Report Compare

FISA LIVECOM BRUSSELSActiveChecked score 81/100

Risk analysis Report Compare

Activity

Organisation of conventions and trade shows

NACE 82300NACE 74141

1 site

Size

€17.2mtotal assets 2025

Staff: 8.7 FTE
Equity: €2.0m
Profit: €6.0m

Financial health

81 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.6%

Structure

Parent: DEFICOM GROUP · 99.95%
Board: 5 members
Holdings: 2

Auditor: BRUNO VANDENBOSCH, REVISEUR D’ENTREPRISESAccounts filed 33 d late

Why 81- Latest accounts 33 days late; 3 of the last 3 late- Liquidity: current ratio 3.29, cash €189,783- Equity €2.0m (11.8% of total assets)+ Profit of €6.0m (FY 2025)Show the evidence

Checked score

Score 2025

81 / 100

Excellent

Probability in this band: under 0.55%

Better than 46% of its sector peers (NACE 82, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 37+37

equity 11.8% of total assets

Liquidity 50+49

short-term debt 11.9% · cash 1.1%

Profitability 59+31

return on assets 34.9%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (12,482 companies)

Last 24 months 11-2024: 1.5% 12-2024: 1.8%▲ +22.3% vs 11-2024 01-2025: 2.7%▲ +46.4% vs 12-2024 02-2025: 2.7%● 0.0% vs 01-2025 03-2025: 7.5%▲ +180% vs 02-2025 04-2025: 7.5%● 0.0% vs 03-2025 05-2025: 7.2%▼ -3.5% vs 04-2025 06-2025: 7.4%▲ +2.0% vs 05-2025 07-2025: 7.6%▲ +2.7% vs 06-2025highest value 08-2025: 6.7%▼ -11.5% vs 07-2025 09-2025: 6.5%▼ -3.0% vs 08-2025 10-2025: 5.8%▼ -11.0% vs 09-2025 11-2025: 2.7%▼ -52.9% vs 10-2025 12-2025: 2.7%● 0.0% vs 11-2025 01-2026: 2.8%▲ +1.7% vs 12-2025 02-2026: 2.8%● 0.0% vs 01-2026 03-2026: 2.7%▼ -2.3% vs 02-2026 04-2026: 2.7%● 0.0% vs 03-2026 05-2026: 2.8%▲ +2.0% vs 04-2026 06-2026: 2.8%▲ +3.1% vs 05-2026 07-2026: 2.9%▲ +3.4% vs 06-2026 08-2026: 3.4%▲ +17.3% vs 07-2026 09-2026: 3.7%▲ +6.7% vs 08-2026 10-2026: 0.6%▼ -84.8% vs 09-2026lowest value

Latest accounts 33 days late; 3 of the last 3 late raises the probability
Liquidity: current ratio 3.29, cash €189,783 raises the probability
Equity €2.0m (11.8% of total assets) raises the probability
Profit of €6.0m (FY 2025) lowers the probability

Credit up to €160,000 at 30 days acceptable

Liquidity ample (current ratio 3.29 against 0.36 in 2024; short-term debt: 11.9% and cash: 1.1% of total assets), but 88.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 82, micro). Better than this share of them on solvency 22%, liquidity 40%, profitability 31%, growth against the median 93%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Latest accounts 33 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Liquidity: current ratio 3.29, cash €189,783

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €2.0m (11.8% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Profit of €6.0m (FY 2025)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1082 sector peers (2025).

NBB · sector comparison

Position among 1082 sector peers

Solvency

better than 20%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

33 d late

2024

68 d late

2023

208 d late

2022

60 d late

2021

34 d early

2020

26 d early

2019

9 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)

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 29 September (4 of the last 5 filed years within 94 days of that day).

Companies Code · seven months

Position in the running window

04-10-2026 today31-12-2026 close31-07-2027 deadline

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

11-09-26 Resignations: Joan CONDIJTS, Cécile LHOMME-DROZ and…Appointments: BAYCROSS MANAGEMENT SERVICES, DEFICOM…
02-09-26 Annual accounts filedfiscal year 2025 · full…
10-06-26 Reappointment: sri BRUNO VANDENBOSCH & Co…State Gazette act

Key points

Positive: Result rose in 2025from €28,685 to €6.0m ▲ 20,847% View
Positive: Among the best 5% on net resultsector median €50,343 · 1,083 companies €6.0m View
Board changedlatest change 11-09-2026 · 5 in office 3 joined · 2 left View
Controlled by DEFICOM GROUPknown shareholders 100% 99.95% View