Checked.be
Active
BE 0405.738.429Public limited company
Fiscabel
Hendrik I-lei 15 ·1800 Vilvoorde, Belgium· 76 yrs active
Sector: Other tax advisory services
(69209)
Conclusion
Fiscabel has been active since 1949 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €279k and a net result of €120k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 74% of 15374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €279k |
| Net result | €120k |
| Better than sector | 74% |
| Active | 76 yrs |
Financial profile
96
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1949, 76 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€30k
estimate, not credit advice
Score history
55
2022
52
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.34 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.34 (≥ 1.0)
+5
Leverage
Debt/equity 0.21 (< 1.0)
+10
Profitability
ROE 43% (≥ 10%)
+10
Interest coverage
Interest coverage 89.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-08-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Net result: growth of ~326.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 69, Legal and accounting activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.4% | 59.3% | |
| Net result | €120k | €34k | |
| Equity | €279k | €97k | |
| Gross operating margin | €-23k | €70k | |
| Total assets | €356k | €208k |
€150k
-
22-24
€120k
-
22-24
€127k
-
22-24
€356k
-11.8%
22-24
€279k
+74.9%
22-24
€131k
-27.3%
22-24
€30k
+46733.9%
22-24
€60k
+19.7%
22-24
€39k
+29.3%
22-24
4.34
-37.4%
22-24
4.34
-37.4%
22-24
78.4%
+98.3%
22-24
0.21
-31.6%
22-24
42.8%
-
22-24
33.6%
-
22-24
89.27
-
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €150k | €-18k | €-4k |
| Net profit | €120k | €-21k | €-17k |
| Cash flow | €127k | €-11k | €-8k |
| Staff costs | - | - | - |
| Income taxes | €30k | €64 | €13k |
| Dividends | - | - | - |
| Total assets | €356k | €404k | €429k |
| Equity | €279k | €160k | €181k |
| Debt | €60k | €50k | €54k |
| of which ≤ 1y | €39k | €30k | €36k |
| of which > 1y | - | - | - |
| Working capital | €131k | €180k | €190k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 4.34 | 6.93 | 6.35 |
| Quick ratio | 4.34 | 6.93 | 6.35 |
| Working capital ratio | 36.7% | 44.5% | 44.3% |
| Solvency | 78.4% | 39.5% | 42.1% |
| Debt / equity | 0.21 | 0.31 | 0.30 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 89.27 | -12.01 | -2.51 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 33.6% | -5.2% | -4.0% |
| ROE | 42.8% | -13.1% | -9.5% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €356k | €404k | €429k |
| Fixed assets | 21/28 | €187k | €194k | €204k |
| Tangible fixed assets | 22/27 | €187k | €194k | €204k |
| Financial fixed assets | 28 | €50 | €50 | €50 |
| Current assets | 29/58 | €170k | €210k | €226k |
| Amounts receivable within one year | 40/41 | €162k | €189k | €206k |
| Cash & bank | 54/58 | €213 | €13k | €13k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €356k | €404k | €429k |
| Equity | 10/15 | €279k | €160k | €181k |
| Contributions / capital | 10/11 | €62k | €62k | €62k |
| Reserves | 13 | €217k | €136k | €136k |
| Accumulated profits (losses) | 14 | - | €-38k | €-17k |
| Provisions & deferred taxes | 16 | €18k | €195k | €195k |
| Amounts payable | 17/49 | €60k | €50k | €54k |
| Amounts payable within one year | 42/48 | €39k | €30k | €36k |
| Trade debts payable within one year | 44 | €18k | €14k | €12k |
| Income statement | ||||
| Gross operating margin | 9900 | €-23k | €-15k | €65k |
| Operating result | 9901 | €143k | €-28k | €-14k |
| Financial income | 75 | €9k | €9k | €11k |
| Financial charges | 65 | €2k | €2k | €2k |
| Result before taxes | 9903 | €150k | €-21k | €-4k |
| Income taxes | 67/77 | €30k | €64 | €13k |
| Net result for the period | 9904 | €120k | €-21k | €-17k |
| Result to be appropriated | 9905 | €120k | €-21k | €-17k |
Legal Structure
| NACE primary | Other tax advisory services(69209) |
| Legal form | Public limited company(014) |
| Incorporation | 29-11-1949 |
| Status | Active |
| Postal code | 1800 |
Establishment units
Hendrik I-lei 15, 1800 Vilvoorde
since 19492.005.218.048
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0494/00N004 | Flanders | 202 m² | 1 · 89 m² | 14.4 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €120k
Net result €120k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €279k ▲74.9%
Equity rises from €160k to €279k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Legal and accounting activities69202Other tax advisory services6920974121
Names & trade names
| Legal nameNL | Fiscabel |
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