Fiscal Pax
ActiveFiscal Pax has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €73k. Equity is growing by ~89.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 12642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency98▲+2
Growth78=
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 3.95 against 3.45 in 2024; short-term debt: 25% and cash: 82.7% of total assets), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
73.2%
Return on assets
34.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 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 · 3 filingsDeviation from the deadline
2025
15 d late
2024
28 d early
2023
30 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 87.7%
2024 · €83k
2023: €8k
2024: €83k
2023 → 2025
Total assets
€213k▲ 83.1%
2024 · €116k
2023: €31k
2024: €116k
2023 → 2025
Net result
€73k▼ 4.6%
2024 · €76k
2023: €6k
2024: €76k
2023 → 2025
Working capital
€157k▲ 93.2%
2024 · €81k
2023: €11k
2024: €81k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€8k-€83k▲ 1,002%€156k▲ 87.7%
Operating result€10k-€100k▲ 898%€97k▼ 3.1%
Net result€6k-€76k▲ 1,105%€73k▼ 4.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€3k▲ 49.3%
Current assets
€210k▲ 83.7%
Equity and liabilities €213k
Equity
€156k▲ 87.7%
Debt
€57k▲ 71.8%
The debt ratio falls from 28.5% to 26.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97k▼
2024 · €100k
Cash flow
€73k▼
2024 · €76k
Solvency
73.2%▲
2024 · 71.5%
Current ratio
3.95▲
2024 · 3.45
Quick ratio
3.95▲
2024 · 3.45
Debt / equity
0.37▼
2024 · 0.40
ROE
46.7%▼
2024 · 91.9%
ROA
34.2%▼
2024 · 65.7%
Interest coverage
22.01▼
2024 · 30.41
Debt
€57k▲
2024 · €33k
Debt ≤ 1 year
€53k▲
2024 · €33k
Income taxes
€19k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€116k€213k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€2k€1k▼
Current assets29/58€114k€210k▲
Amounts receivable within one year40/41€53k€31k▼
Trade receivables40€52k€31k▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€57k€176k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€116k€213k▲
Equity10/15€83k€156k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€81k€154k▲
Amounts payable17/49€33k€57k▲
Amounts payable within one year42/48€33k€53k▲
Trade debts44€956€5k▲
Suppliers440/4€956€5k▲
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€12k€11k▼
Other amounts payable47/48€20k€37k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94€674▲
Other operating charges640/8€387€701▲
Gross operating margin9900€100k€98k▼
Operating profit (loss)9901€100k€97k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€96k€92k▼
Income taxes67/77€20k€19k▼
Profit (loss) for the period9904€76k€73k▼
Profit (loss) for the period to be appropriated9905€76k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€154k▲
Profit (loss) brought forward from the previous period14P€6k€81k▲
Profit to be distributed694/7€800-
Return on contributions (dividend)694€800-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
31-07
State Gazette act
General meeting · Director resignation
Director appointment
2025
31-12
Financial
Equity above €150kEq €156k ▲87.7%
3 profitable years in a row build equity to €156k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €76k ▲1105%
Operating result €100k, net result €76k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.45
Current ratio from 1.51 to 3.45.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waterloo · 2 establishment units since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue du Vert Bocage 51410 WaterlooGround area
3.6 ha
Building footprint
89 m²
Volume, LiDAR
493 m³
2 parcels, Brussels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Fiscal Pax
since 20232.351.543.779
Tulpenplein 15, 1070 Anderlecht
since 20252.375.218.907
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0207/00E000 | Brussels | 3.5 ha | - | - |
| 25762H0286/00C002 | Wallonia | 877 m² | 1 · 89 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyFiscal PaxBE 1000.199.761
controls
Where this company holds controlthis company sits on their board1
3 locations
Recognitions · licences · registrations
Legal Entity Identifier
64884K47MYGPE51S9036
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Of 12,175 companies in sector 69201 we hold annual accounts for 7,639. 6,519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2023
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.