FISALIS
ActiveSummary
FISALIS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €325,487 and a net result of -€36,572. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 50% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-8
Solvency66▼-34
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.43 against 3.43 in 2024; short-term debt: 38.1% and cash: 14.7% of total assets), and 58.6% 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
41.4%
Return on assets
-4.7%
Age of the figures
15 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
19202122232425
2019 to 2025 · latest year -€36,572
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-10-2025, 112 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
112 d early
2024
115 d early
2023
97 d early
2022
104 d early
2021
68 d early
2020
95 d early
2019
123 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 102 days before 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)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 oldest company in Hove, Administrative and support services sector#10 company by total assets in Hove, Administrative and support services sector#10 company by equity in Hove, Administrative and support services sector
Turnover
€74,640▼ 13.7%
2024 · €86,525
EBIT margin
-48.8%▼ 24.3pp
2024 · -24.5%
Net result
-€36,572▼ 77.1%
2024 · -€20,649
Working capital
-€171,729
2024 · €144,040
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
Turnover€158,936€86,525▼ 45.6%€74,640▼ 13.7%
Operating result€171,980▲ 7.3%€148,957▼ 13.4%€71,393▼ 52.1%-€21,173-€36,399▼ 71.9%
Net result€116,462▲ 5.8%€102,026▼ 12.4%€47,539▼ 53.4%-€20,649-€36,572▼ 77.1%
EBIT margin44.9%-24.5%▼ 69.4pp-48.8%▼ 24.3pp
Equity€588,032▲ 10.3%€688,458▲ 17.1%€614,257▼ 10.8%€575,009▼ 6.4%€325,487▼ 43.4%
Total assets€759,606▼ 8.4%€784,651▲ 3.3%€763,959▼ 2.6%€634,306▼ 17.0%€786,319▲ 24.0%
Debt€171,574▼ 42.0%€96,193▼ 43.9%€149,702▲ 55.6%€59,297▼ 60.4%€460,832▲ 677%
Working capital€221,899▲ 50.3%€331,316▲ 49.3%€265,912▼ 19.7%€144,040▼ 45.8%-€171,729
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,399 in 2025 against €21,173 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786,319
Fixed assets
€658,325 ▲ 52.8%
Current assets
€127,994 ▼ 37.1%
Equity and liabilities €786,319
Equity
€325,487 ▼ 43.4%
Debt
€460,832 ▲ 677%
Debt's share of the balance-sheet total rises from 9.3% to 58.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10,667▼
2024 · €34,934
Cash flow
€10,494▼
2024 · €35,458
Current ratio
0.43▼
2024 · 3.43
Debt to equity
1.42▲
2024 · 0.10
ROE
-11.2%▼
2024 · -3.6%
ROA
-4.7%▼
2024 · -3.3%
Interest coverage
177.78▼
2024 · 185.82
Debt ≤ 1 year
€299,723▲
2024 · €59,297
Debt > 1 year
€161,109
Income taxes
€190▲
2024 · €87
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 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% | 1.6% |
| 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 74% 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 8,594 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €158,936 | €86,525 | €74,640 | ▼ 13.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €20,211 | €15,181 | €19,136 | ▲ 26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,692 | €35,436 | €31,875 | €56,107 | €47,066 | ▼ 16.1% |
| Other operating charges640/8 | - | €43,994 | €35,457 | €36,410 | €44,837 | ▲ 23.1% |
| Gross operating margin9900 | €234,276 | €228,386 | €138,725 | €71,344 | €55,504 | ▼ 22.2% |
| Operating profit (loss)9901 | €171,980 | €148,957 | €71,393 | -€21,173 | -€36,399 | ▼ 71.9% |
| Financial income75/76B | - | €2,626 | €152 | €799 | €77 | ▼ 90.4% |
| Recurring financial income75 | €6,016 | €2,626 | €152 | €799 | €77 | ▼ 90.4% |
| Financial charges65/66B | - | €891 | €556 | €188 | €60 | ▼ 68.1% |
| Recurring financial charges65 | €1,361 | €891 | €556 | €188 | €60 | ▼ 68.1% |
| Profit (loss) for the period before taxes9903 | €174,065 | €150,692 | €70,989 | -€20,562 | -€36,382 | ▼ 76.9% |
| Income taxes67/77 | €57,602 | €48,666 | €23,450 | €87 | €190 | ▲ 118% |
| Profit (loss) for the period9904 | €116,462 | €102,026 | €47,539 | -€20,649 | -€36,572 | ▼ 77.1% |
| Profit (loss) for the period to be appropriated9905 | €120,502 | €102,026 | €47,539 | -€20,649 | -€36,572 | ▼ 77.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €759,606 | €784,651 | €763,959 | €634,306 | €786,319 | ▲ 24.0% |
| Fixed assets21/28 | €386,803 | €364,895 | €349,128 | €430,969 | €658,325 | ▲ 52.8% |
| Tangible fixed assets22/27 | €386,803 | €364,645 | €348,878 | €430,719 | €658,075 | ▲ 52.8% |
| Land and buildings22 | - | €364,645 | €340,535 | €424,413 | €653,807 | ▲ 54.0% |
| Furniture and vehicles24 | - | - | €8,343 | €6,306 | €4,268 | ▼ 32.3% |
| Financial fixed assets28 | - | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €372,803 | €419,755 | €414,831 | €203,337 | €127,994 | ▼ 37.1% |
| Amounts receivable within one year40/41 | €122,723 | €17,751 | €12,922 | €9,928 | €6,179 | ▼ 37.8% |
| Trade receivables40 | - | €17,751 | €12,922 | €9,690 | €6,179 | ▼ 36.2% |
| Other amounts receivable41 | - | - | - | €238 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €242,658 | €398,234 | €399,330 | €191,439 | €115,760 | ▼ 39.5% |
| Deferred charges and accrued income490/1 | - | €3,771 | €2,579 | €1,970 | €6,055 | ▲ 207% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €759,606 | €784,651 | €763,959 | €634,306 | €786,319 | ▲ 24.0% |
| Equity10/15 | €588,032 | €688,458 | €614,257 | €575,009 | €325,487 | ▼ 43.4% |
| Contributions10/11 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €565,310 | €667,310 | €594,310 | €592,450 | €379,500 | ▼ 35.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €665,450 | €592,450 | €592,450 | €379,500 | ▼ 35.9% |
| Profit (loss) carried forward14 | €4,122 | €2,548 | €1,347 | -€17,441 | -€54,013 | ▼ 210% |
| Amounts payable17/49 | €171,574 | €96,193 | €149,702 | €59,297 | €460,832 | ▲ 677% |
| Amounts payable after more than one year17 | €20,670 | €7,720 | - | - | €161,109 | - |
| Financial debts170/4 | - | €7,720 | - | - | €161,109 | - |
| Amounts payable within one year42/48 | €150,904 | €88,439 | €148,919 | €59,297 | €299,723 | ▲ 405% |
| Current portion of amounts payable after more than one year42 | - | - | €8,813 | - | €8,891 | - |
| Financial debts43 | - | €14,013 | - | - | - | - |
| Credit institutions430/8 | - | €14,013 | - | - | - | - |
| Trade debts44 | €7,212 | €669 | €1,519 | €848 | €5,398 | ▲ 537% |
| Suppliers440/4 | - | €669 | €1,519 | €848 | €5,398 | ▲ 537% |
| Taxes, remuneration and social security45 | - | €13,457 | €5,847 | €1,910 | €126 | ▼ 93.4% |
| Taxes450/3 | - | €13,457 | €5,847 | €1,910 | €126 | ▼ 93.4% |
| Other amounts payable47/48 | - | €60,301 | €132,740 | €56,539 | €285,308 | ▲ 405% |
| Accrued charges and deferred income492/3 | - | €34 | €783 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,462 | €102,026 | €47,539 | -€20,649 | -€36,572 | ▼ 77.1% |
| + Depreciation and write-downs630 | €33,692 | €35,436 | €31,875 | €56,107 | €47,066 | ▼ 16.1% |
| Operating cash flow (approximation) | €150,154 | €137,461 | €79,414 | €35,458 | €10,494 | ▼ 70.4% |
| Investment in fixed assets (approximation) | - | -€13,528 | -€16,108 | -€137,948 | -€274,422 | ▼ 98.9% |
| Change in cash | - | €155,576 | €1,096 | -€207,891 | -€75,679 | ▲ 63.6% |
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
2025
11-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€36,572
Net result drops to -€36,572, the lowest in the series.
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €116,462 ▲5.8%
Operating result €171,980, net result €116,462, both a record.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €500,000Eq €533,169 ▲25.1%
2 profitable years in a row build equity to €533,169.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hove · 1 establishment unit since 1996
Ground area
3,571 m²
Building footprint
243 m²
Volume, LiDAR
2,349 m³
Parcel 11021A0281/00E003, Flanders · tallest building 23.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FISALIS
since 19962.077.978.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0281/00E003 | Flanders | 3,571 m² | 1 · 243 m² | 23.9 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 105 EUR awarded · 105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 105 EUR | 105 EUR |
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,436 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
Founded23-08-1996
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458592541
Also
9925:BE0458592541
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.