FISCO
ActiveSummary
FISCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €524,153 and a net result of €39,195. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-8
Solvency100=
Growth52▼-21
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 4.62 in 2023; short-term debt: 22.3% and cash: 44.3% of total assets), and 23.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 2024Solvency, return and age of the figures
Solvency
76.3%
Return on assets
5.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
20 d early
2022
16 d late
2021
46 d early
2020
33 d early
2019
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€65,091▼ 63.6%
2023 · €178,751
EBIT margin
79.7%▲ 5.0pp
2023 · 74.7%
Net result
€39,195▼ 62.1%
2023 · €103,402
Working capital
€215,860▼ 56.0%
2023 · €490,244
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€150,839€147,055▼ 2.5%€178,751▲ 21.6%€65,091▼ 63.6%
Operating result€120,746▲ 4.2%€73,244▼ 39.3%€95,327▲ 30.1%€133,481▲ 40.0%€51,878▼ 61.1%
Net result€83,332above the sector's middle half▼ 3.4%€53,369within the sector's middle half▼ 36.0%€72,059above the sector's middle half▲ 35.0%€103,402above the sector's middle half▲ 43.5%€39,195within the sector's middle half▼ 62.1%
EBIT margin48.6%64.8%▲ 16.3pp74.7%▲ 9.9pp79.7%▲ 5.0pp
Equity€406,493above the sector's middle half▲ 25.8%€459,862above the sector's middle half▲ 13.1%€484,194above the sector's middle half▲ 5.3%€521,323above the sector's middle half▲ 7.7%€524,153above the sector's middle half▲ 0.5%
Total assets€452,998within the sector's middle half▲ 26.2%€497,556within the sector's middle half▲ 9.8%€563,043above the sector's middle half▲ 13.2%€659,719above the sector's middle half▲ 17.2%€686,781above the sector's middle half▲ 4.1%
Debt€46,505▲ 30.0%€37,694▼ 18.9%€78,849▲ 109%€138,396▲ 75.5%€162,628▲ 17.5%
Working capital€366,991▲ 28.8%€424,578▲ 15.7%€453,026▲ 6.7%€490,244▲ 8.2%€215,860▼ 56.0%
Solvency89.7%above the sector's middle half▼ 0.3pp92.4%above the sector's middle half▲ 2.7pp86.0%above the sector's middle half▼ 6.4pp79.0%above the sector's middle half▼ 7.0pp76.3%within the sector's middle half▼ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 61% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €686,781
Fixed assets
€318,043 ▲ 831%
Current assets
€368,738 ▼ 41.1%
Equity and liabilities €686,781
Equity
€524,153 ▲ 0.5%
Debt
€162,628 ▲ 17.5%
Debt's share of the balance-sheet total rises from 21.0% to 23.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93,079▼
2023 · €134,169
Cash flow
€80,396▼
2023 · €104,090
Current ratio
2.41▼
2023 · 4.62
Debt to equity
0.31▲
2023 · 0.27
ROE
7.5%▼
2023 · 19.8%
ROA
5.7%▼
2023 · 15.7%
Interest coverage
9.15▼
2023 · 40.01
Debt ≤ 1 year
€152,878▲
2023 · €135,303
Income taxes
€11,532▼
2023 · €34,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €150,839 | €147,055 | €178,751 | €65,091 | ▼ 63.6% |
| Non-recurring operating income76A | - | €2,000 | - | - | €8,958 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,506 | €4,167 | €4,167 | €688 | €41,201 | ▲ 5,889% |
| Other operating charges640/8 | - | €3,414 | €3,596 | €4,931 | €4,673 | ▼ 5.2% |
| Gross operating margin9900 | €135,520 | €80,825 | €103,090 | €139,100 | €97,752 | ▼ 29.7% |
| Operating profit (loss)9901 | €120,746 | €73,244 | €95,327 | €133,481 | €51,878 | ▼ 61.1% |
| Financial income75/76B | - | €622 | €638 | €7,605 | €9,022 | ▲ 18.6% |
| Recurring financial income75 | €911 | €622 | €638 | €7,605 | €9,022 | ▲ 18.6% |
| Financial charges65/66B | - | €247 | €202 | €3,353 | €10,173 | ▲ 203% |
| Recurring financial charges65 | €348 | €247 | €202 | €3,353 | €10,173 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | €121,309 | €73,619 | €95,763 | €137,733 | €50,727 | ▼ 63.2% |
| Income taxes67/77 | €37,977 | €20,250 | €23,704 | €34,331 | €11,532 | ▼ 66.4% |
| Profit (loss) for the period9904 | €83,332 | €53,369 | €72,059 | €103,402 | €39,195 | ▼ 62.1% |
| Profit (loss) for the period to be appropriated9905 | €83,332 | €53,369 | €72,059 | €103,402 | €39,195 | ▼ 62.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452,998 | €497,556 | €563,043 | €659,719 | €686,781 | ▲ 4.1% |
| Fixed assets21/28 | €39,502 | €35,335 | €31,168 | €34,172 | €318,043 | ▲ 831% |
| Tangible fixed assets22/27 | €39,502 | €35,335 | €31,168 | €34,172 | €318,043 | ▲ 831% |
| Land and buildings22 | - | €30,666 | €30,666 | €30,666 | €303,787 | ▲ 891% |
| Plant, machinery and equipment23 | - | - | - | - | €11,488 | - |
| Furniture and vehicles24 | - | €4,669 | €502 | €3,506 | €2,768 | ▼ 21.0% |
| Current assets29/58 | €413,496 | €462,221 | €531,875 | €625,547 | €368,738 | ▼ 41.1% |
| Amounts receivable within one year40/41 | €52,372 | €26,211 | €19,335 | €14,766 | €13,936 | ▼ 5.6% |
| Trade receivables40 | - | €23,211 | €13,000 | €14,687 | €12,790 | ▼ 12.9% |
| Other amounts receivable41 | - | €3,000 | €6,335 | €79 | €1,146 | ▲ 1,351% |
| Current investments50/53 | €49,019 | €49,019 | €49,019 | €49,019 | €49,019 | = |
| Cash at bank and in hand54/58 | €309,804 | €385,307 | €462,161 | €559,451 | €304,422 | ▼ 45.6% |
| Deferred charges and accrued income490/1 | - | €1,684 | €1,360 | €2,311 | €1,361 | ▼ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452,998 | €497,556 | €563,043 | €659,719 | €686,781 | ▲ 4.1% |
| Equity10/15 | €406,493 | €459,862 | €484,194 | €521,323 | €524,153 | ▲ 0.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €386,260 | €431,715 | €455,806 | €499,533 | €503,169 | ▲ 0.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €15,582 | €15,582 | €15,582 | €15,582 | = |
| Distributable reserves133 | - | €414,273 | €438,364 | €482,091 | €485,727 | ▲ 0.8% |
| Profit (loss) carried forward14 | €1,633 | €9,547 | €9,788 | €3,190 | €2,384 | ▼ 25.3% |
| Amounts payable17/49 | €46,505 | €37,694 | €78,849 | €138,396 | €162,628 | ▲ 17.5% |
| Amounts payable within one year42/48 | €46,505 | €37,643 | €78,849 | €135,303 | €152,878 | ▲ 13.0% |
| Trade debts44 | €1,886 | €312 | €1,317 | €922 | €1,945 | ▲ 111% |
| Suppliers440/4 | - | €312 | €1,317 | €922 | €1,945 | ▲ 111% |
| Taxes, remuneration and social security45 | - | €31,417 | €21,643 | €28,171 | €13,207 | ▼ 53.1% |
| Taxes450/3 | - | €26,717 | €20,143 | €28,171 | €12,251 | ▼ 56.5% |
| Remuneration and social security454/9 | - | €4,700 | €1,500 | - | €956 | - |
| Other amounts payable47/48 | - | €5,914 | €55,889 | €106,210 | €137,726 | ▲ 29.7% |
| Accrued charges and deferred income492/3 | - | €51 | - | €3,093 | €9,750 | ▲ 215% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,332 | €53,369 | €72,059 | €103,402 | €39,195 | ▼ 62.1% |
| + Depreciation and write-downs630 | €11,506 | €4,167 | €4,167 | €688 | €41,201 | ▲ 5,889% |
| Operating cash flow (approximation) | €94,838 | €57,536 | €76,226 | €104,090 | €80,396 | ▼ 22.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,692 | -€325,072 | ▼ 8,705% |
| Change in cash | - | €75,503 | €76,854 | €97,290 | -€255,029 | ▼ 362% |
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
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €103,402 ▲43.5%
Operating result €133,481, net result €103,402, both a record.
31-12
Financial
Equity above €500,000Eq €521,323 ▲7.7%
6 profitable years in a row build equity to €521,323.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 9.00
Current ratio from 3.65 to 9.00; short-term debt falls from €71,849 to €35,607.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 1997
Ground area
426 m²
Building footprint
204 m²
Volume, LiDAR
1,122 m³
Parcel 44363B0498/00S004, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Hoecke Geert
since 19972.285.062.949
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44363B0498/00S004 | Flanders | 426 m² | 1 · 204 m² | 6.7 m · 2 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
2025 · 1 entry · 68 EUR awarded · 68 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 68 EUR | 68 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 5,439 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
Founded26-04-1990
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
Phone
0475749854Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440321008
Also
9925:BE0440321008
Registered
25-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.