FISCOBRA
ActiveSummary
FISCOBRA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,783 and a net result of €28,037. Equity is growing by ~46.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 3337 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-12
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.44 against 1.62 in 2024; short-term debt: 17.2% and cash: 3.2% of total assets), and 17.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 · 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 2025Solvency, return and age of the figures
Solvency
82.8%
Return on assets
13.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
143 d early
2023
124 d early
2022
34 d early
2021
2 d early
2020
3 d early
2019
162 d early
← 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 76 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 (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. Usually files around 30 March (3 of the last 3 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?ENTERHOLD S.A. · 113 companies
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€170,783▲ 18.4%
2024 · €144,246
Total assets
€206,269▼ 1.7%
2024 · €209,847
Net result
€28,037▼ 43.2%
2024 · €49,328
Working capital
€51,013▲ 82.8%
2024 · €27,912
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
Line20212022202320242025
Operating result€33,858▲ 28.2%€23,100▼ 31.8%€33,830▲ 46.5%€50,530▲ 49.4%€33,632▼ 33.4%
Net result€29,835within the sector's middle half▲ 35.6%€11,790within the sector's middle half▼ 60.5%€30,668below the sector's middle half▲ 160%€49,328within the sector's middle half▲ 60.8%€28,037within the sector's middle half▼ 43.2%
Equity€56,696within the sector's middle half▲ 111%€67,250within the sector's middle half▲ 18.6%€96,417below the sector's middle half▲ 43.4%€144,246within the sector's middle half▲ 49.6%€170,783within the sector's middle half▲ 18.4%
Total assets€447,960within the sector's middle half▼ 4.1%€243,929within the sector's middle half▼ 45.5%€180,955below the sector's middle half▼ 25.8%€209,847within the sector's middle half▲ 16.0%€206,269below the sector's middle half▼ 1.7%
Debt€391,263▼ 11.1%€176,679▼ 54.8%€84,537▼ 52.2%€65,601▼ 22.4%€35,486▼ 45.9%
Working capital-€34,123below the sector's middle half▲ 47.6%-€26,630below the sector's middle half▲ 22.0%€5,035below the sector's middle half€27,912within the sector's middle half▲ 454%€51,013within the sector's middle half▲ 82.8%
Solvency12.7%below the sector's middle half▲ 6.9pp27.6%below the sector's middle half▲ 14.9pp53.3%within the sector's middle half▲ 25.7pp68.7%within the sector's middle half▲ 15.5pp82.8%above the sector's middle half▲ 14.1pp
Current ratio0.89below the sector's middle half▲ 0.080.79below the sector's middle half▼ 0.101.10within the sector's middle half▲ 0.311.62within the sector's middle half▲ 0.522.44within the sector's middle half▲ 0.82
Return on assets (ROA)6.7%within the sector's middle half▲ 1.9pp4.8%within the sector's middle half▼ 1.8pp16.9%within the sector's middle half▲ 12.1pp23.5%within the sector's middle half▲ 6.6pp13.6%within the sector's middle half▼ 9.9pp
Staff (FTE)1▼ 50.0%1=1below the sector's middle half=1=1below the sector's middle half=
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,269
Fixed assets
€119,770 ▼ 12.6%
Current assets
€86,498 ▲ 18.8%
Equity and liabilities €206,269
Equity
€170,783 ▲ 18.4%
Debt
€35,486 ▼ 45.9%
Debt's share of the balance-sheet total falls from 31.3% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,894▼
2024 · €65,725
Cash flow
€45,299▼
2024 · €64,524
Quick ratio
2.31▲
2024 · 1.62
Debt to equity
0.21▼
2024 · 0.45
ROE
16.4%▼
2024 · 34.2%
Interest coverage
28.32▼
2024 · 39.69
Debt ≤ 1 year
€35,486▼
2024 · €44,903
Debt > 1 year
€0▼
2024 · €20,698
Income taxes
€3,972▲
2024 · €595
Staff costs
€81,596▲
2024 · €73,211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,971 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €60,723 | €62,165 | €94,481 | €73,211 | €81,596 | ▲ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,887 | €20,563 | €20,506 | €15,195 | €17,262 | ▲ 13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €1,833 | €2,026 | €2,613 | €2,303 | €1,888 | ▼ 18.0% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €124,300 | €107,854 | €151,429 | €141,239 | €134,377 | ▼ 4.9% |
| Operating profit (loss)9901 | €33,858 | €23,100 | €33,830 | €50,530 | €33,632 | ▼ 33.4% |
| Financial income75/76B | €252 | €40 | €1,022 | €1,050 | €174 | ▼ 83.4% |
| Recurring financial income75 | €252 | €40 | €1,022 | €1,050 | €174 | ▼ 83.4% |
| Financial charges65/66B | €4,133 | €3,010 | €3,995 | €1,656 | €1,797 | ▲ 8.5% |
| Recurring financial charges65 | €4,133 | €3,010 | €3,995 | €1,656 | €1,797 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €29,976 | €20,130 | €30,858 | €49,923 | €32,009 | ▼ 35.9% |
| Income taxes67/77 | €142 | €8,340 | €190 | €595 | €3,972 | ▲ 567% |
| Profit (loss) for the period9904 | €29,835 | €11,790 | €30,668 | €49,328 | €28,037 | ▼ 43.2% |
| Transfer from tax-exempt reserves789 | - | €54,619 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €29,835 | €66,409 | €30,668 | €49,328 | €28,037 | ▼ 43.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €447,960 | €243,929 | €180,955 | €209,847 | €206,269 | ▼ 1.7% |
| Fixed assets21/28 | €165,643 | €145,080 | €124,574 | €137,032 | €119,770 | ▼ 12.6% |
| Tangible fixed assets22/27 | €165,643 | €145,080 | €124,574 | €137,032 | €119,770 | ▼ 12.6% |
| Land and buildings22 | €152,919 | €138,701 | €123,084 | €111,332 | €99,801 | ▼ 10.4% |
| Plant, machinery and equipment23 | €4,009 | €1,464 | €427 | €0 | - | - |
| Furniture and vehicles24 | €8,714 | €4,914 | €1,064 | €25,700 | €19,969 | ▼ 22.3% |
| Current assets29/58 | €282,317 | €98,849 | €56,381 | €72,815 | €86,498 | ▲ 18.8% |
| Stocks and contracts in progress3 | - | - | - | - | €4,404 | - |
| Contracts in progress37 | - | - | - | - | €4,404 | - |
| Amounts receivable within one year40/41 | €276,020 | €93,174 | €42,256 | €53,773 | €72,273 | ▲ 34.4% |
| Trade receivables40 | €139,406 | €92,512 | €41,431 | €43,953 | €35,307 | ▼ 19.7% |
| Other amounts receivable41 | €136,614 | €662 | €825 | €9,820 | €36,966 | ▲ 276% |
| Cash at bank and in hand54/58 | €5,639 | €4,722 | €12,257 | €15,061 | €6,563 | ▼ 56.4% |
| Deferred charges and accrued income490/1 | €658 | €953 | €1,868 | €3,981 | €3,259 | ▼ 18.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €447,960 | €243,929 | €180,955 | €209,847 | €206,269 | ▼ 1.7% |
| Equity10/15 | €56,696 | €67,250 | €96,417 | €144,246 | €170,783 | ▲ 18.4% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €57,718 | €36,263 | €65,431 | €113,259 | €139,796 | ▲ 23.4% |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Tax-exempt reserves132 | €54,619 | €0 | - | - | - | - |
| Distributable reserves133 | €0 | €33,164 | €62,332 | €110,160 | €136,698 | ▲ 24.1% |
| Profit (loss) carried forward14 | -€32,008 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €391,263 | €176,679 | €84,537 | €65,601 | €35,486 | ▼ 45.9% |
| Amounts payable after more than one year17 | €74,823 | €51,200 | €33,191 | €20,698 | €0 | ▼ 100% |
| Financial debts170/4 | €74,823 | €51,200 | €33,191 | €20,698 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €316,440 | €125,479 | €51,346 | €44,903 | €35,486 | ▼ 21.0% |
| Current portion of amounts payable after more than one year42 | €26,713 | €23,623 | €13,939 | €12,493 | €0 | ▼ 100% |
| Trade debts44 | €19,793 | €20,757 | €26,658 | €22,829 | €24,494 | ▲ 7.3% |
| Suppliers440/4 | €19,793 | €20,757 | €26,658 | €22,829 | €24,494 | ▲ 7.3% |
| Taxes, remuneration and social security45 | €4,935 | €5,125 | €8,194 | €8,081 | €9,492 | ▲ 17.5% |
| Taxes450/3 | €0 | - | - | - | €523 | - |
| Remuneration and social security454/9 | €4,935 | €5,125 | €8,194 | €8,081 | €8,969 | ▲ 11.0% |
| Other amounts payable47/48 | €265,000 | €75,974 | €2,555 | €1,500 | €1,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,835 | €11,790 | €30,668 | €49,328 | €28,037 | ▼ 43.2% |
| + Depreciation and write-downs630 | €27,887 | €20,563 | €20,506 | €15,195 | €17,262 | ▲ 13.6% |
| Operating cash flow (approximation) | €57,721 | €32,353 | €51,173 | €64,524 | €45,299 | ▼ 29.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€27,653 | €0 | ▲ 100% |
| Change in cash | - | -€917 | €7,535 | €2,804 | -€8,498 | ▼ 403% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150,000Eq €170,783 ▲18.4%
7 profitable years in a row build equity to €170,783.
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €144,246 ▲49.6%
6 profitable years in a row build equity to €144,246.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
30-09
Financial
Back to profitnet €52,078
Net result €52,078 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Zelzate · 2 establishment units since 1989
Ground area
797 m²
Building footprint
688 m²
Volume, LiDAR
3,468 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
FISCOBRA
since 19892.043.957.769
Fiscobra
since 20172.271.080.596
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0613/00X000 | Flanders | 651 m² | 1 · 593 m² | 10.5 m · 1 fl. |
| 43302C0290/00K008 | Flanders | 146 m² | 1 · 94 m² | 6.5 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
Part of the group
ENTERHOLD S.A.
113 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- ENTERHOLD S.A.LU
- BALTISSE
- LPI Holdco
- LPI Maatschap
- PIAGROUP International
- PIA Group BeLux
- GROEP ACCOFISC
- FISCOBRA
Highest known parent: ENTERHOLD S.A. (Luxembourg). The sources do not say who stands above it.
Owners 1
- GROEP ACCOFISCparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,380 EUR awarded · 1,425 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 333 EUR | 0 EUR |
| 2024 | 1 | 470 EUR | 470 EUR |
| 2023 | 1 | 110 EUR | 488 EUR |
| 2022 | 1 | 467 EUR | 467 EUR |
Similar companies · same sector, comparable size
Van der Mast
BE 0667.584.781
Aalter · Eq €170,819
Veerle Raes
BE 0534.575.116
Knokke-Heist · Eq €170,737
ACCOUNTANTSKANTOOR JEAN DESLOOVERE
BE 0441.802.831
Meise · Eq €170,937
VcV
BE 0651.741.812
Mechelen · Eq €170,957
DEGEFISC
BE 0742.616.657
Seneffe · Eq €171,000
Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,490 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
Founded03-04-1989
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437168904
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.