FISCO-WIN
ActiveSummary
FISCO-WIN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,235 and a net result of €33,023. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-3
Solvency59▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.78 in 2024; short-term debt: 25.7% and cash: 4.3% of total assets), and 66% of the assets are financed with debt.
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Signals
Six 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 · 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
34%
Return on assets
8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 8 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
30 d late
2022
30 d late
2021
29 d late
2020
19 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€412,885▼ 3.1%
2024 · €425,994
Net result
€33,023▼ 12.5%
2024 · €37,726
Working capital
-€43,372▼ 108%
2024 · -€20,827
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result€3,058▼ 55.1%€56,605▲ 1,751%€44,797▼ 20.9%€47,464▲ 6.0%€47,231▼ 0.5%
Net result€1,228▼ 77.1%€38,217▲ 3,013%€30,885▼ 19.2%€37,726▲ 22.2%€33,023▼ 12.5%
Equity€24,344▲ 5.3%€62,561▲ 157%€93,446▲ 49.4%€119,407▲ 27.8%€140,235▲ 17.4%
Total assets€360,848▲ 718%€409,575▲ 13.5%€415,741▲ 1.5%€425,994▲ 2.5%€412,885▼ 3.1%
Debt€336,504▲ 1,503%€347,013▲ 3.1%€322,295▼ 7.1%€306,587▼ 4.9%€272,650▼ 11.1%
Working capital-€40,923▼ 171%-€25,333▲ 38.1%-€20,292▲ 19.9%-€20,827▼ 2.6%-€43,372▼ 108%
Staff (FTE)0.31.5▲ 400%1.4▼ 6.7%
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 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €412,885
Fixed assets
€350,000 =
Current assets
€62,885 ▼ 17.3%
Equity and liabilities €412,885
Equity
€140,235 ▲ 17.4%
Debt
€272,650 ▼ 11.1%
Debt's share of the balance-sheet total falls from 72.0% to 66.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.59▼
2024 · 0.78
Debt to equity
1.94▼
2024 · 2.57
ROE
23.5%▼
2024 · 31.6%
ROA
8.0%▼
2024 · 8.9%
Debt ≤ 1 year
€106,257▲
2024 · €96,821
Debt > 1 year
€166,301▼
2024 · €209,013
Income taxes
€9,980▲
2024 · €4,955
Staff costs
€51,127▼
2024 · €53,103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0 | - |
| Non-recurring operating income76A | - | €3,589 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €39,479 | €75,696 | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | €0 | €9,579 | €53,103 | €51,127 | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,736 | €3,366 | €486 | - | - | - |
| Other operating charges640/8 | €593 | €596 | €1,016 | €759 | €594 | ▼ 21.7% |
| Gross operating margin9900 | €6,387 | €60,568 | €55,877 | €101,326 | €98,952 | ▼ 2.3% |
| Operating profit (loss)9901 | €3,058 | €56,605 | €44,797 | €47,464 | €47,231 | ▼ 0.5% |
| Financial income75/76B | €13 | €105 | €110 | €114 | €141 | ▲ 23.0% |
| Recurring financial income75 | €13 | €105 | €110 | €114 | €141 | ▲ 23.0% |
| Financial charges65/66B | €601 | €5,615 | €5,495 | €4,897 | €4,368 | ▼ 10.8% |
| Recurring financial charges65 | €601 | €5,615 | €5,495 | €4,897 | €4,368 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €2,469 | €51,095 | €39,412 | €42,681 | €43,004 | ▲ 0.8% |
| Income taxes67/77 | €1,242 | €12,878 | €8,528 | €4,955 | €9,980 | ▲ 101% |
| Profit (loss) for the period9904 | €1,228 | €38,217 | €30,885 | €37,726 | €33,023 | ▼ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €1,228 | €38,217 | €30,885 | €37,726 | €33,023 | ▼ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €360,848 | €409,575 | €415,741 | €425,994 | €412,885 | ▼ 3.1% |
| Formation expenses20 | €553 | €56 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €353,929 | €351,060 | €350,000 | €350,000 | €350,000 | = |
| Tangible fixed assets22/27 | €3,929 | €1,060 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | €3,929 | €1,060 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Current assets29/58 | €6,366 | €58,459 | €65,741 | €75,994 | €62,885 | ▼ 17.3% |
| Amounts receivable within one year40/41 | €2,215 | €29,396 | €36,748 | €22,779 | €42,062 | ▲ 84.6% |
| Trade receivables40 | €2,215 | €29,396 | €36,748 | €20,215 | €42,000 | ▲ 108% |
| Other amounts receivable41 | - | €0 | - | €2,564 | €62 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €4,102 | €29,064 | €27,341 | €45,793 | €17,746 | ▼ 61.2% |
| Deferred charges and accrued income490/1 | €50 | €0 | €1,652 | €7,421 | €3,077 | ▼ 58.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €360,848 | €409,575 | €415,741 | €425,994 | €412,885 | ▼ 3.1% |
| Equity10/15 | €24,344 | €62,561 | €93,446 | €119,407 | €140,235 | ▲ 17.4% |
| Contributions10/11 | €15,624 | €15,656 | €15,656 | €15,656 | €15,656 | = |
| Reserves13 | €32 | €5,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €32 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €32 | €0 | - | - | - | - |
| Distributable reserves133 | - | €5,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €8,688 | €41,906 | €67,790 | €93,751 | €114,580 | ▲ 22.2% |
| Amounts payable17/49 | €336,504 | €347,013 | €322,295 | €306,587 | €272,650 | ▼ 11.1% |
| Amounts payable after more than one year17 | €289,215 | €262,961 | €236,230 | €209,013 | €166,301 | ▼ 20.4% |
| Financial debts170/4 | €289,215 | €262,961 | €236,230 | €209,013 | €166,301 | ▼ 20.4% |
| Amounts payable within one year42/48 | €47,289 | €83,792 | €86,034 | €96,821 | €106,257 | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | €25,785 | €26,254 | €26,731 | €27,217 | €27,712 | ▲ 1.8% |
| Financial debts43 | €0 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Credit institutions430/8 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Trade debts44 | €54 | €12,705 | €4 | €231 | €7,768 | ▲ 3,270% |
| Suppliers440/4 | €54 | €12,705 | €4 | €231 | €7,768 | ▲ 3,270% |
| Taxes, remuneration and social security45 | €7,686 | €27,759 | €37,388 | €35,553 | €27,146 | ▼ 23.6% |
| Taxes450/3 | €5,723 | €27,509 | €32,845 | €24,524 | €22,145 | ▼ 9.7% |
| Remuneration and social security454/9 | €1,963 | €250 | €4,542 | €11,029 | €5,001 | ▼ 54.7% |
| Other amounts payable47/48 | €13,763 | €9,575 | €14,411 | €26,320 | €36,132 | ▲ 37.3% |
| Accrued charges and deferred income492/3 | - | €260 | €32 | €753 | €91 | ▼ 87.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,228 | €38,217 | €30,885 | €37,726 | €33,023 | ▼ 12.5% |
| + Depreciation and write-downs630 | €2,736 | €3,366 | €486 | - | - | - |
| Operating cash flow (approximation) | €3,964 | €41,584 | €31,370 | €37,726 | €33,023 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€498 | €574 | €0 | €0 | - |
| Change in cash | - | €24,962 | -€1,722 | €18,452 | -€28,047 | ▼ 252% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €100,000Eq €119,407 ▲27.8%
7 profitable years in a row build equity to €119,407.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €38,217 ▲3,013%
Operating result €56,605, net result €38,217, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herve · 2 establishment units since 2018
Ground area
1,779 m²
Building footprint
392 m²
Volume, LiDAR
3,762 m³
2 parcels, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Fisco - Win
since 20182.272.534.806
FISCO-WIN
since 20232.352.243.466
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0290/00H004 | Wallonia | 1,144 m² | 1 · 305 m² | 12.7 m · 4 fl. |
| 63035A0213/00M002 | Wallonia | 635 m² | 1 · 88 m² | 7.6 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of FISCO-WIN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,526 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
Founded30-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
rachel.carmeau@fiscowin.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689564090
Also
9925:BE0689564090
Registered
10-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.