FISC@WORK
ActiveSummary
FISC@WORK has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €334k and a net result of €94k. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86=
Solvency73▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.5 in 2024; short-term debt: 12.7% and cash: 6% of total assets), but 51.7% of the assets are financed with debt.
Credit check for your own amount and term
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.3%
Return on assets
13.5%
Age of the figures
9 mo
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 20-03-2026, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
49 d early
2023
41 d early
2022
40 d early
2021
42 d early
2020
35 d early
2019
48 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€334k▲ 38.9%
2024 · €241k
2018: €33klowest in 8 years
2019: €49k▲ +50.3% vs 2018
2020: €50k▲ +1.7% vs 2019
2021: €70k▲ +39.9% vs 2020
2022: €120k▲ +72.1% vs 2021
2023: €174k▲ +45.3% vs 2022
2024: €241k▲ +37.9% vs 2023
2025: €334k▲ +38.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€691k▲ 12.9%
2024 · €612k
2018: €153k
2019: €184k▲ +20.3% vs 2018
2020: €167k▼ -9.1% vs 2019
2021: €146k▼ -12.5% vs 2020lowest in 8 years
2022: €218k▲ +48.9% vs 2021
2023: €561k▲ +157% vs 2022
2024: €612k▲ +9.2% vs 2023
2025: €691k▲ +12.9% vs 2024highest in 8 years
2018 → 2025
Net result
€94k▲ 13.5%
2024 · €83k
2018: €21k
2019: €16k▼ -21.3% vs 2018lowest in 8 years
2020: €17k▲ +4.8% vs 2019
2021: €20k▲ +15.7% vs 2020
2022: €50k▲ +153% vs 2021
2023: €50k▼ -0.1% vs 2022
2024: €83k▲ +64.4% vs 2023
2025: €94k▲ +13.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€51k▲ 3.7%
2024 · €49k
2018: €23k
2019: €-5k▼ -121% vs 2018lowest in 8 years
2020: €13k▲ +372% vs 2019
2021: €41k▲ +211% vs 2020
2022: €103k▲ +152% vs 2021highest in 8 years
2023: €4k▼ -96.3% vs 2022
2024: €49k▲ +1199% vs 2023
2025: €51k▲ +3.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€120k▲ 72.1%€174k▲ 45.3%€241k▲ 37.9%€334k▲ 38.9%
2021: €70klowest in 5 years
2022: €120k▲ +72.1% vs 2021
2023: €174k▲ +45.3% vs 2022
2024: €241k▲ +37.9% vs 2023
2025: €334k▲ +38.9% vs 2024highest in 5 years
Operating result€35k-€81k▲ 129%€89k▲ 10.6%€150k▲ 68.0%€160k▲ 6.5%
2021: €35klowest in 5 years
2022: €81k▲ +129% vs 2021
2023: €89k▲ +10.6% vs 2022
2024: €150k▲ +68.0% vs 2023
2025: €160k▲ +6.5% vs 2024highest in 5 years
Net result€20k-€50k▲ 153%€50k▼ 0.1%€83k▲ 64.4%€94k▲ 13.5%
2021: €20klowest in 5 years
2022: €50k▲ +153% vs 2021
2023: €50k▼ -0.1% vs 2022
2024: €83k▲ +64.4% vs 2023
2025: €94k▲ +13.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €691k
Fixed assets
€553k ▲ 19.1%
Current assets
€139k ▼ 6.4%
Equity and liabilities €691k
Equity
€334k ▲ 38.9%
Debt
€357k ▼ 3.9%
Debt's share of the balance-sheet total falls from 60.7% to 51.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€192k▲
2024 · €164k
Cash flow
€126k▲
2024 · €97k
Current ratio
1.58▲
2024 · 1.50
Debt to equity
1.07▼
2024 · 1.55
ROE
28.0%▼
2024 · 34.3%
ROA
13.5%▲
2024 · 13.5%
Interest coverage
13.95▲
2024 · 10.98
Debt ≤ 1 year
€88k▼
2024 · €99k
Debt > 1 year
€269k▼
2024 · €273k
Income taxes
€53k▲
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€612k€691k▲
Fixed assets21/28€464k€553k▲
Tangible fixed assets22/27€460k€549k▲
Land and buildings22€439k€461k▲
Plant, machinery and equipment23€16k€18k▲
Furniture and vehicles24€5k€70k▲
Financial fixed assets28€4k€4k=
Current assets29/58€148k€139k▼
Amounts receivable within one year40/41€84k€86k▲
Trade receivables40€76k€73k▼
Other amounts receivable41€8k€13k▲
Cash at bank and in hand54/58€60k€41k▼
Deferred charges and accrued income490/1€4k€11k▲
Equity and liabilities
Total equity and liabilities10/49€612k€691k▲
Equity10/15€241k€334k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€222k€316k▲
Non-distributable reserves130/1€222k€316k▲
Reserves not available under the articles1311€2k€2k=
Other1319€220k€314k▲
Amounts payable17/49€372k€357k▼
Amounts payable after more than one year17€273k€269k▼
Financial debts170/4€273k€269k▼
Amounts payable within one year42/48€99k€88k▼
Current portion of amounts payable after more than one year42€29k€43k▲
Trade debts44€7k€15k▲
Suppliers440/4€7k€15k▲
Taxes, remuneration and social security45€31k€29k▼
Taxes450/3€30k€29k▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€32k€797▼
Income statement
Code20242025
Non-recurring operating income76A-€26k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€32k▲
Other operating charges640/8€12k€11k▼
Gross operating margin9900€176k€203k▲
Operating profit (loss)9901€150k€160k▲
Financial income75/76B€2€460▲
Recurring financial income75€2€460▲
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€135k€147k▲
Income taxes67/77€53k€53k▲
Profit (loss) for the period9904€83k€94k▲
Profit (loss) for the period to be appropriated9905€83k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€94k▲
Transfer from equity791/2€16k-
Transfer to equity691/2€83k€94k▲
To other reserves6921€83k€94k▲
Profit to be distributed694/7€16k-
Return on contributions (dividend)694€16k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €26k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €29k | €21k | €14k | €32k | ▲ 120% |
| Other operating charges640/8 | €5k | €5k | €8k | €12k | €11k | ▼ 7.3% |
| Gross operating margin9900 | €69k | €115k | €118k | €176k | €203k | ▲ 14.9% |
| Operating profit (loss)9901 | €35k | €81k | €89k | €150k | €160k | ▲ 6.5% |
| Financial income75/76B | €1 | €0 | €137 | €2 | €460 | ▲ 30,160% |
| Recurring financial income75 | €1 | €0 | €137 | €2 | €460 | ▲ 30,160% |
| Financial charges65/66B | €2k | €3k | €9k | €15k | €14k | ▼ 8.2% |
| Recurring financial charges65 | €2k | €3k | €9k | €15k | €14k | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €33k | €77k | €80k | €135k | €147k | ▲ 8.5% |
| Income taxes67/77 | €14k | €27k | €30k | €53k | €53k | ▲ 0.7% |
| Profit (loss) for the period9904 | €20k | €50k | €50k | €83k | €94k | ▲ 13.5% |
| Profit (loss) for the period to be appropriated9905 | €20k | €50k | €50k | €83k | €94k | ▲ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146k | €218k | €561k | €612k | €691k | ▲ 12.9% |
| Fixed assets21/28 | €51k | €29k | €473k | €464k | €553k | ▲ 19.1% |
| Tangible fixed assets22/27 | €47k | €25k | €469k | €460k | €549k | ▲ 19.3% |
| Land and buildings22 | - | - | €448k | €439k | €461k | ▲ 5.2% |
| Plant, machinery and equipment23 | €3k | €3k | €13k | €16k | €18k | ▲ 9.4% |
| Furniture and vehicles24 | €44k | €23k | €8k | €5k | €70k | ▲ 1,189% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €96k | €189k | €88k | €148k | €139k | ▼ 6.4% |
| Amounts receivable within one year40/41 | €61k | €70k | €58k | €84k | €86k | ▲ 2.1% |
| Trade receivables40 | €61k | €70k | €58k | €76k | €73k | ▼ 3.4% |
| Other amounts receivable41 | €88 | €72 | €72 | €8k | €13k | ▲ 53.0% |
| Cash at bank and in hand54/58 | €20k | €115k | €25k | €60k | €41k | ▼ 31.3% |
| Deferred charges and accrued income490/1 | €14k | €4k | €5k | €4k | €11k | ▲ 187% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146k | €218k | €561k | €612k | €691k | ▲ 12.9% |
| Equity10/15 | €70k | €120k | €174k | €241k | €334k | ▲ 38.9% |
| Contributions10/11 | €14k | €14k | €19k | €19k | €19k | = |
| Capital10 | - | - | €19k | €19k | €19k | = |
| Issued capital100 | - | - | €19k | €19k | €19k | = |
| Reserves13 | €55k | €106k | €156k | €222k | €316k | ▲ 42.2% |
| Non-distributable reserves130/1 | €55k | €106k | €156k | €222k | €316k | ▲ 42.2% |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Other1319 | €53k | €104k | €154k | €220k | €314k | ▲ 42.6% |
| Amounts payable17/49 | €77k | €98k | €386k | €372k | €357k | ▼ 3.9% |
| Amounts payable after more than one year17 | €22k | €11k | €302k | €273k | €269k | ▼ 1.2% |
| Financial debts170/4 | €22k | €11k | €302k | €273k | €269k | ▼ 1.2% |
| Amounts payable within one year42/48 | €55k | €87k | €85k | €99k | €88k | ▼ 11.5% |
| Current portion of amounts payable after more than one year42 | €27k | €10k | €38k | €29k | €43k | ▲ 47.6% |
| Trade debts44 | €2k | €7k | €8k | €7k | €15k | ▲ 117% |
| Suppliers440/4 | €2k | €7k | €8k | €7k | €15k | ▲ 117% |
| Taxes, remuneration and social security45 | €23k | €19k | €20k | €31k | €29k | ▼ 6.2% |
| Taxes450/3 | €23k | €19k | €19k | €30k | €29k | ▼ 2.3% |
| Remuneration and social security454/9 | - | €443 | €575 | €1k | - | - |
| Other amounts payable47/48 | €3k | €50k | €19k | €32k | €797 | ▼ 97.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €50k | €50k | €83k | €94k | ▲ 13.5% |
| + Depreciation and write-downs630 | €29k | €29k | €21k | €14k | €32k | ▲ 120% |
| Operating cash flow (approximation) | €49k | €79k | €71k | €97k | €126k | ▲ 29.4% |
| Investment in fixed assets (approximation) | - | €-7k | €-465k | €-6k | €-121k | ▼ 1,966% |
| Change in cash | - | €95k | €-90k | €35k | €-19k | ▼ 154% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €94k ▲13.5%
Operating result €160k, net result €94k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €241k ▲37.9%
7 profitable years in a row build equity to €241k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €174k ▲45.3%
6 profitable years in a row build equity to €174k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €120k ▲72.1%
5 profitable years in a row build equity to €120k.
19-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €16k ▼21.3%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-04
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, Antwerpen · 2 establishment units since 1977
Ground area
7,016 m²
Building footprint
840 m²
Volume, LiDAR
815 m³
2 parcels, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Oedenkovenstraat 34, 2140 Antwerpen
since 19772.013.873.715
Troonstraat 196, 8400 Oostende
since 20232.351.978.497
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0089/00C040 | Flanders | 6,828 m² | 1 · 732 m² | 0.9 m |
| 11006A0354/00D004 | Flanders | 188 m² | 1 · 108 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 to 2025 · 2 entries · 801 EUR awarded · 801 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 464 EUR | 464 EUR |
| 2022 | 1 | 337 EUR | 337 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,978 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
Founded23-08-1977
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.