FISCODEL
ActiveSummary
FISCODEL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €168,385 and a net result of €66,371. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 78% 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
Profitability100▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 3.54 against 3.23 in 2023; short-term debt: 18.8% and cash: 23.8% of total assets), and 18.8% 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+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
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
30 d early
2022
35 d early
2021
112 d late
2020
37 d early
2019
35 d early
← 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 10 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
€0
2023 · €0
Total assets
€207,348▼ 8.9%
2023 · €227,632
Net result
€66,371▲ 41.2%
2023 · €47,009
Working capital
€99,118▼ 2.6%
2023 · €101,791
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€0€0
Operating result€90,733▲ 83.5%€68,033▼ 25.0%€102,147▲ 50.1%€71,917▼ 29.6%€92,162▲ 28.2%
Net result€67,646above the sector's middle half▲ 79.6%€50,989within the sector's middle half▼ 24.6%€81,572above the sector's middle half▲ 60.0%€47,009within the sector's middle half▼ 42.4%€66,371within the sector's middle half▲ 41.2%
Equity€147,444within the sector's middle half▲ 50.8%€198,433within the sector's middle half▲ 34.6%€280,005above the sector's middle half▲ 41.1%€182,014within the sector's middle half▼ 35.0%€168,385within the sector's middle half▼ 7.5%
Total assets€265,963within the sector's middle half▲ 12.4%€280,720within the sector's middle half▲ 5.5%€348,667within the sector's middle half▲ 24.2%€227,632within the sector's middle half▼ 34.7%€207,348within the sector's middle half▼ 8.9%
Debt€118,519▼ 14.7%€82,286▼ 30.6%€68,662▼ 16.6%€45,618▼ 33.6%€38,963▼ 14.6%
Working capital€44,590€110,115▲ 147%€198,245▲ 80.0%€101,791▼ 48.7%€99,118▼ 2.6%
Solvency55.4%within the sector's middle half▲ 14.1pp70.7%within the sector's middle half▲ 15.2pp80.3%above the sector's middle half▲ 9.6pp80.0%above the sector's middle half▼ 0.3pp81.2%above the sector's middle half▲ 1.2pp
Staff (FTE)1.2within the sector's middle half▼ 25.0%1.4▲ 16.7%1.1▼ 21.4%1.2▲ 9.1%1.3▲ 8.3%
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 recovers in 2024; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207,348
Fixed assets
€69,267 ▼ 13.7%
Current assets
€138,081 ▼ 6.3%
Equity and liabilities €207,348
Equity
€168,385 ▼ 7.5%
Debt
€38,963 ▼ 14.6%
Debt's share of the balance-sheet total falls from 20.0% to 18.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€114,258▲
2023 · €98,569
Cash flow
€88,467▲
2023 · €73,661
Current ratio
3.54▲
2023 · 3.23
Debt to equity
0.23▼
2023 · 0.25
ROE
39.4%▲
2023 · 25.8%
ROA
32.0%▲
2023 · 20.7%
Interest coverage
82.85▼
2023 · 98.43
Debt ≤ 1 year
€38,963▼
2023 · €45,618
Income taxes
€25,448▲
2023 · €24,920
Staff costs
€63,200▲
2023 · €56,360
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% 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
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 497,058 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 31,324 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 | - | - | - | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | €0 | - |
| Remuneration, social security and pensions62 | - | €31,134 | €29,762 | €56,360 | €63,200 | ▲ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,289 | €35,950 | €23,242 | €26,652 | €22,096 | ▼ 17.1% |
| Other operating charges640/8 | - | €2,890 | €3,756 | €14,220 | €4,460 | ▼ 68.6% |
| Gross operating margin9900 | €160,960 | €138,006 | €158,907 | €169,150 | €181,918 | ▲ 7.5% |
| Operating profit (loss)9901 | €90,733 | €68,033 | €102,147 | €71,917 | €92,162 | ▲ 28.2% |
| Financial income75/76B | - | €819 | €1,622 | €1,013 | €1,036 | ▲ 2.2% |
| Recurring financial income75 | €1,173 | €819 | €1,622 | €1,013 | €1,036 | ▲ 2.2% |
| Financial charges65/66B | - | €1,431 | €992 | €1,001 | €1,379 | ▲ 37.7% |
| Recurring financial charges65 | €1,259 | €1,431 | €992 | €1,001 | €1,379 | ▲ 37.7% |
| Profit (loss) for the period before taxes9903 | €90,646 | €67,420 | €102,777 | €71,928 | €91,818 | ▲ 27.7% |
| Income taxes67/77 | €23,000 | €16,431 | €21,205 | €24,920 | €25,448 | ▲ 2.1% |
| Profit (loss) for the period9904 | €67,646 | €50,989 | €81,572 | €47,009 | €66,371 | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €67,646 | €50,989 | €81,572 | €47,009 | €66,371 | ▲ 41.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €265,963 | €280,720 | €348,667 | €227,632 | €207,348 | ▼ 8.9% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €143,956 | €108,006 | €88,320 | €80,223 | €69,267 | ▼ 13.7% |
| Intangible fixed assets21 | €55,890 | €39,890 | €23,890 | €7,890 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €86,955 | €67,006 | €63,319 | €71,223 | €68,157 | ▼ 4.3% |
| Land and buildings22 | - | €60,484 | €56,049 | €51,615 | €47,181 | ▼ 8.6% |
| Plant, machinery and equipment23 | - | €4,008 | €2,867 | €1,725 | €10,322 | ▲ 498% |
| Furniture and vehicles24 | - | €2,514 | €4,403 | €17,883 | €10,654 | ▼ 40.4% |
| Financial fixed assets28 | €1,110 | €1,110 | €1,110 | €1,110 | €1,110 | = |
| Current assets29/58 | €122,007 | €172,713 | €260,348 | €147,408 | €138,081 | ▼ 6.3% |
| Amounts receivable within one year40/41 | €67,495 | €62,309 | €130,691 | €38,150 | €80,886 | ▲ 112% |
| Trade receivables40 | - | €62,309 | €80,440 | €35,960 | €78,240 | ▲ 118% |
| Other amounts receivable41 | - | - | €50,251 | €2,190 | €2,646 | ▲ 20.8% |
| Cash at bank and in hand54/58 | €48,583 | €84,941 | €126,604 | €52,514 | €49,284 | ▼ 6.2% |
| Deferred charges and accrued income490/1 | - | €25,463 | €3,053 | €56,744 | €7,911 | ▼ 86.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €265,963 | €280,720 | €348,667 | €227,632 | €207,348 | ▼ 8.9% |
| Equity10/15 | €147,444 | €198,433 | €280,005 | €182,014 | €168,385 | ▼ 7.5% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €32,010 | €32,010 | €32,010 | €32,010 | €32,010 | = |
| Non-distributable reserves130/1 | - | €2,010 | €2,010 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,010 | €2,010 | €0 | - | - |
| Distributable reserves133 | - | €30,000 | €30,000 | €32,010 | €32,010 | = |
| Profit (loss) carried forward14 | €96,842 | €147,831 | €229,403 | €131,412 | €117,782 | ▼ 10.4% |
| Provisions and deferred taxes16 | - | - | - | €0 | - | - |
| Deferred taxes168 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €118,519 | €82,286 | €68,662 | €45,618 | €38,963 | ▼ 14.6% |
| Amounts payable after more than one year17 | €41,102 | €19,569 | €6,559 | €0 | - | - |
| Financial debts170/4 | - | €19,569 | €6,559 | €0 | - | - |
| Amounts payable within one year42/48 | €77,416 | €62,599 | €62,103 | €45,618 | €38,963 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | €21,533 | €13,010 | €6,559 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €2,537 | - |
| Credit institutions430/8 | - | - | - | - | €2,537 | - |
| Trade debts44 | €1,960 | €1,397 | €28,361 | €20,395 | €25,208 | ▲ 23.6% |
| Suppliers440/4 | - | €1,397 | €28,361 | €20,395 | €25,208 | ▲ 23.6% |
| Taxes, remuneration and social security45 | - | €38,031 | €19,974 | €18,001 | €11,218 | ▼ 37.7% |
| Taxes450/3 | - | €32,822 | €15,689 | €11,168 | €5,084 | ▼ 54.5% |
| Remuneration and social security454/9 | - | €5,209 | €4,285 | €6,833 | €6,134 | ▼ 10.2% |
| Other amounts payable47/48 | - | €1,638 | €757 | €662 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €119 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,646 | €50,989 | €81,572 | €47,009 | €66,371 | ▲ 41.2% |
| + Depreciation and write-downs630 | €35,289 | €35,950 | €23,242 | €26,652 | €22,096 | ▼ 17.1% |
| Operating cash flow (approximation) | €102,935 | €86,939 | €104,814 | €73,661 | €88,467 | ▲ 20.1% |
| Investment in fixed assets (approximation) | - | €0 | -€3,555 | -€18,556 | -€11,140 | ▲ 40.0% |
| Change in cash | - | €36,358 | €41,662 | -€74,089 | -€3,231 | ▲ 95.6% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €81,572 ▲60%
Operating result €102,147, net result €81,572, both a record.
31-12
Financial
Equity above €200,000Eq €280,005 ▲41.1%
5 profitable years in a row build equity to €280,005.
20-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 112 days late
2021
31-12
Financial
Equity above €150,000Eq €198,433 ▲34.6%
4 profitable years in a row build equity to €198,433.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €147,444 ▲50.8%
3 profitable years in a row build equity to €147,444.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Chaudfontaine · 1 establishment unit since 1999
Ground area
3,714 m²
Building footprint
801 m²
Volume, LiDAR
7,528 m³
Parcel 62030A0228/00R000, Wallonia · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Clos du Sartay 2, 4053 Chaudfontaine
since 19992.090.185.890
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0228/00R000 | Wallonia | 3,714 m² | 1 · 801 m² | 14.0 m · 4 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.
Structure & network
Owners and holdings
1 ownerChain of control
- NCTA
- FISCODEL
Highest known parent: NCTA. The sources do not say who stands above it.
Owners 1
- NCTAparentSourceaccounts NCTA 202490%
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.
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TaxAccount
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,494 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
Founded23-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Website
www.fiscodel.comChaudfontaine
E-mail
info@fiscodel.comChaudfontaine
Phone
04/361 01 85Chaudfontaine
Fax
04/361 02 25Chaudfontaine
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464986326
Also
9925:BE0464986326
Registered
15-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.