FISCABO
Dissolution or liquidationFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 44 filings
Equity
€934,642▲ 221%
2024 · €291,094
Total assets
€940,669▲ 223%
2024 · €291,403
Net result
€243,547
2024 · -€44,282
Working capital
€89,760▲ 270%
2024 · €24,277
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €7,214, larger than the loss of €3,606 in 2024.
Operating result-€7,214
2025
Net result€243,547
2025
Total assets€940,669
2025
Equity€934,642
2025
Debt€6,027
2025
Working capital€89,760
2025
Return on assets (ROA)25.9%
2025
Solvency99.4%
2025
Current ratio16.03
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€11,685-€17,577▲ 50.4%€4,504▼ 74.4%-€12,072-€7,310▲ 39.4%€276-€3,606-€7,214▼ 100%
Net result€9,090-€12,143▲ 33.6%€3,175within the sector's middle half▼ 73.9%-€12,623below the sector's middle half-€4,617below the sector's middle half▲ 63.4%€4,820within the sector's middle half-€44,282below the sector's middle half€243,547above the sector's middle half
Equity€332,478-€344,622▲ 3.7%€347,797above the sector's middle half▲ 0.9%€335,173above the sector's middle half▼ 3.6%€330,557above the sector's middle half▼ 1.4%€335,376above the sector's middle half▲ 1.5%€291,094above the sector's middle half▼ 13.2%€934,642above the sector's middle half▲ 221%
Total assets€336,659-€347,160▲ 3.1%€349,734within the sector's middle half▲ 0.7%€337,051within the sector's middle half▼ 3.6%€332,877within the sector's middle half▼ 1.2%€337,473within the sector's middle half▲ 1.4%€291,403within the sector's middle half▼ 13.7%€940,669above the sector's middle half▲ 223%
Debt€4,181-€2,539▼ 39.3%€1,937▼ 23.7%€1,878▼ 3.0%€2,320▲ 23.6%€2,097▼ 9.6%€309▼ 85.3%€6,027▲ 20×
Working capital€85,878-€112,976▲ 31.6%€130,616above the sector's middle half▲ 15.6%€182,403above the sector's middle half▲ 39.6%€74,203within the sector's middle half▼ 59.3%€24,894within the sector's middle half▼ 66.5%€24,277within the sector's middle half▼ 2.5%€89,760within the sector's middle half▲ 270%
Solvency98.8%-99.3%▲ 0.5pp99.4%above the sector's middle half▲ 0.2pp99.4%above the sector's middle half=99.3%above the sector's middle half▼ 0.1pp99.4%above the sector's middle half▲ 0.1pp99.9%above the sector's middle half▲ 0.5pp99.4%above the sector's middle half▼ 0.5pp
Current ratio22.31-48.30▲ 25.9974.10above the sector's middle half▲ 25.8033.76above the sector's middle half13.19above the sector's middle half▼ 20.5696.67above the sector's middle half▲ 83.4816.03above the sector's middle half▼ 80.64
Return on assets (ROA)2.7%-3.5%▲ 0.8pp0.9%within the sector's middle half▼ 2.6pp-3.7%below the sector's middle half▼ 4.7pp-1.4%below the sector's middle half▲ 2.4pp1.4%below the sector's middle half▲ 2.8pp-15.2%below the sector's middle half▼ 16.6pp25.9%within the sector's middle half▲ 41.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €940,669
Fixed assets
€844,937 ▲ 217%
Current assets
€95,732 ▲ 290%
Equity and liabilities €940,669
Equity
€934,642 ▲ 221%
Debt
€6,027 ▲ 20×
Debt's share of the balance-sheet total rises from 0.1% to 0.6%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.01▲
2024 · 0.00
ROE
26.1%▲
2024 · -15.2%
Debt ≤ 1 year
€5,972▲
2024 · €254
Income taxes
€89,790▲
2024 · €228
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €6,450 | €45,800 | €3,212 | €11,945 |
| Intangible fixed assets | - | - | - | - | €0 |
| Financial fixed assets | €50,000 | €112,384 | €10,000 | €14,875 | €368,701 |
| Depreciation and write-downs of the year | €14,450 | €15,250 | €1,671 | €4,469 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €334,803 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,080 | €14,954 | €14,450 | €14,450 | €15,250 | €1,671 | €4,469 | - | - |
| Other operating charges640/8 | - | - | - | €1,660 | €1,689 | €1,845 | €1,909 | €2,057 | ▲ 7.8% |
| Gross operating margin9900 | €28,382 | €34,321 | €20,529 | €4,038 | €9,629 | €3,792 | €2,772 | -€5,158 | - |
| Operating profit (loss)9901 | €11,685 | €17,577 | €4,504 | -€12,072 | -€7,310 | €276 | -€3,606 | -€7,214 | ▼ 100% |
| Financial income75/76B | - | - | - | €12 | €2,990 | €5,279 | €2,659 | €341,060 | ▲ 128× |
| Recurring financial income75 | €1,479 | €75 | - | €12 | €2,990 | €5,279 | €2,659 | €6,256 | ▲ 135% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €334,803 | - |
| Financial charges65/66B | - | - | - | €70 | €95 | €110 | €43,106 | €509 | ▼ 98.8% |
| Recurring financial charges65 | €985 | €295 | €87 | €70 | €95 | €110 | €113 | €149 | ▲ 31.6% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €42,993 | €360 | ▼ 99.2% |
| Profit (loss) for the period before taxes9903 | €15,094 | €17,357 | €4,417 | -€12,130 | -€4,414 | €5,445 | -€44,053 | €333,337 | - |
| Income taxes67/77 | €6,005 | €5,214 | €1,241 | €493 | €203 | €625 | €228 | €89,790 | ▲ 393× |
| Profit (loss) for the period9904 | €9,090 | €12,143 | €3,175 | -€12,623 | -€4,617 | €4,820 | -€44,282 | €243,547 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €2,727 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €9,090 | €12,143 | €3,175 | -€9,896 | -€4,617 | €4,820 | -€44,282 | €243,547 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €336,659 | €347,160 | €349,734 | €337,051 | €332,877 | €337,473 | €291,403 | €940,669 | ▲ 223% |
| Fixed assets21/28 | €246,750 | €231,796 | €217,331 | €152,825 | €256,408 | €310,537 | €266,873 | €844,937 | ▲ 217% |
| Tangible fixed assets22/27 | €98,735 | €83,781 | €69,331 | €54,881 | €46,081 | €90,210 | €88,952 | €435,700 | ▲ 390% |
| Land and buildings22 | - | - | - | €40,438 | €46,081 | €90,210 | €88,952 | €435,700 | ▲ 390% |
| Furniture and vehicles24 | - | - | - | €14,443 | €0 | - | - | - | - |
| Financial fixed assets28 | €148,015 | €148,015 | €148,000 | €97,944 | €210,328 | €220,328 | €177,921 | €409,237 | ▲ 130% |
| Current assets29/58 | €89,909 | €115,364 | €132,403 | €184,226 | €76,468 | €26,936 | €24,531 | €95,732 | ▲ 290% |
| Amounts receivable within one year40/41 | €14,395 | €501 | - | €343 | €3,281 | €1,252 | €616 | - | - |
| Trade receivables40 | - | - | - | €343 | €2,587 | €300 | €1 | - | - |
| Other amounts receivable41 | - | - | - | - | €694 | €952 | €616 | - | - |
| Cash at bank and in hand54/58 | €75,514 | €114,864 | €132,403 | €183,883 | €72,802 | €25,684 | €23,914 | €95,732 | ▲ 300% |
| Deferred charges and accrued income490/1 | - | - | - | - | €385 | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €336,659 | €347,160 | €349,734 | €337,051 | €332,877 | €337,473 | €291,403 | €940,669 | ▲ 223% |
| Equity10/15 | €332,478 | €344,622 | €347,797 | €335,173 | €330,557 | €335,376 | €291,094 | €934,642 | ▲ 221% |
| Contributions10/11 | €153,275 | €153,275 | €153,275 | €109,893 | €109,894 | €109,894 | €109,894 | €509,894 | ▲ 364% |
| Reserves13 | €173,851 | €185,994 | €189,170 | €229,824 | €220,663 | €225,483 | €185,671 | €429,219 | ▲ 131% |
| Distributable reserves133 | - | - | - | €229,824 | €220,663 | €225,483 | €185,671 | €429,219 | ▲ 131% |
| Profit (loss) carried forward14 | €5,352 | €5,352 | €5,352 | -€4,544 | - | - | -€4,471 | -€4,471 | = |
| Amounts payable17/49 | €4,181 | €2,539 | €1,937 | €1,878 | €2,320 | €2,097 | €309 | €6,027 | ▲ 20× |
| Amounts payable within one year42/48 | €4,031 | €2,389 | €1,787 | €1,823 | €2,265 | €2,042 | €254 | €5,972 | ▲ 24× |
| Trade debts44 | €309 | €488 | - | €35 | €1,510 | €1,331 | €57 | - | - |
| Suppliers440/4 | - | - | - | €35 | €1,510 | €1,331 | €57 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,788 | €755 | €711 | €196 | €5,972 | ▲ 30× |
| Taxes450/3 | - | - | - | €1,788 | €755 | €711 | €196 | €5,972 | ▲ 30× |
| Accrued charges and deferred income492/3 | - | - | - | €55 | €55 | €55 | €55 | €55 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,090 | €12,143 | €3,175 | -€12,623 | -€4,617 | €4,820 | -€44,282 | €243,547 | - |
| + Depreciation and write-downs630 | €15,080 | €14,954 | €14,450 | €14,450 | €15,250 | €1,671 | €4,469 | - | - |
| Operating cash flow (approximation) | €24,169 | €27,097 | €17,625 | €1,827 | €10,633 | €6,491 | -€39,812 | €243,547 | - |
| Investment in fixed assets (approximation) | - | €0 | €15 | €50,056 | -€118,833 | -€55,800 | €39,195 | -€578,065 | - |
| Change in cash | - | €39,350 | €17,539 | €51,480 | -€111,081 | -€47,119 | -€1,769 | €71,818 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00177421 | NBB |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00154657 | |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00144966 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00141431 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20081737 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23000238 | |
| 31-12-2019 | micro format | 24-06-2020 | 2020-20900126 | |
| 31-12-2018 | micro format | 19-06-2019 | 2019-20600256 | |
| 31-12-2017 | micro format | 25-06-2018 | 2018-23100320 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-21300080 |