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FISCOMA

Active
Private limited companyfounded 2000active for 25 yearsRue des Verts Pacages(TSL) 19, 1457 Walhain, BelgiumKBO/BCE: BE 0473.123.042
Summary

FISCOMA has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,634 and a net result of €44,179. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 17% of 15,681 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00127868.

Equity
€26,634▲ 18.6%
2024 · €22,455
Total assets
€178,117▼ 4.7%
2024 · €186,812
Net result
€44,179▲ 66.9%
2024 · €26,472
Working capital
-€24,862▲ 11.7%
2024 · -€28,142
Trend over the years

2020 to 2025, 5 financial years 2019 to 2025, 6 financial years

The operating result rises in 2025; 2025 is 53% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€48,300 2025 Net result€44,179 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201920202021202220242025
Operating result€23,242-€25,029▲ 7.7%€30,661▲ 22.5%€30,637▼ 0.1%€31,573-€48,300▲ 53.0%
Net result€23,007-€24,568within the sector's middle half▲ 6.8%€30,252within the sector's middle half▲ 23.1%€30,149within the sector's middle half▼ 0.3%€26,472within the sector's middle half-€44,179within the sector's middle half▲ 66.9%
Equity€21,150-€21,717below the sector's middle half▲ 2.7%€21,970below the sector's middle half▲ 1.2%€22,119below the sector's middle half▲ 0.7%€22,455below the sector's middle half-€26,634below the sector's middle half▲ 18.6%
Total assets€50,876-€52,170below the sector's middle half▲ 2.5%€67,183below the sector's middle half▲ 28.8%€68,120below the sector's middle half▲ 1.4%€186,812within the sector's middle half-€178,117within the sector's middle half▼ 4.7%
Debt€29,727-€30,453▲ 2.4%€45,213▲ 48.5%€46,001▲ 1.7%€164,357-€151,483▼ 7.8%
Working capital€21,150-€20,479within the sector's middle half▼ 3.2%€21,351within the sector's middle half▲ 4.3%€22,119within the sector's middle half▲ 3.6%-€28,142below the sector's middle half--€24,862below the sector's middle half▲ 11.7%
Solvency41.6%-41.6%within the sector's middle half▲ 0.1pp32.7%within the sector's middle half▼ 8.9pp32.5%within the sector's middle half▼ 0.2pp12.0%below the sector's middle half-15.0%below the sector's middle half▲ 2.9pp
Current ratio1.71-1.67within the sector's middle half▼ 0.041.47within the sector's middle half▼ 0.201.48within the sector's middle half▲ 0.010.65below the sector's middle half-0.71below the sector's middle half▲ 0.06
Return on assets (ROA)45.2%-47.1%above the sector's middle half▲ 1.9pp45.0%above the sector's middle half▼ 2.1pp44.3%above the sector's middle half▼ 0.8pp14.2%within the sector's middle half-24.8%within the sector's middle half▲ 10.6pp
above within below the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178,117
Fixed assets €116,098 ▼ 13.1%
Current assets €62,019 ▲ 16.4%
Equity and liabilities €178,117
Equity €26,634 ▲ 18.6%
Debt €151,483 ▼ 7.8%
Debt's share of the balance-sheet total falls from 88.0% to 85.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€65,748▲
2024 · €48,345
Cash flow
€61,627▲
2024 · €43,244
Debt to equity
5.69▼
2024 · 7.32
ROE
165.9%▲
2024 · 117.9%
Interest coverage
15.95▲
2024 · 9.81
Debt ≤ 1 year
€86,881▲
2024 · €81,408
Debt > 1 year
€64,602▼
2024 · €82,949
Staff costs
€31,242▼
2024 · €32,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.1% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
3.7% stopped otherwise
95.1% 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 0.3% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 74.5% 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 3,818 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€186,812€178,117▼
Fixed assets21/28€133,545€116,098▼
Intangible fixed assets21€132,000€115,325▼
Tangible fixed assets22/27€1,545€773▼
Plant, machinery and equipment23€1,545€773▼
Current assets29/58€53,266€62,019▲
Amounts receivable within one year40/41€45,542€57,935▲
Trade receivables40€45,057€41,353▼
Other amounts receivable41€485€16,582▲
Cash at bank and in hand54/58€5,449€2,220▼
Deferred charges and accrued income490/1€2,276€1,864▼
Equity and liabilities
Total equity and liabilities10/49€186,812€178,117▼
Equity10/15€22,455€26,634▲
Contributions10/11€18,592€18,592=
Capital10€18,592€18,592=
Issued capital100€18,592€18,592=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Legal reserve130€1,859€1,859=
Profit (loss) carried forward14€2,003€6,183▲
Amounts payable17/49€164,357€151,483▼
Amounts payable after more than one year17€82,949€64,602▼
Financial debts170/4€82,949€64,602▼
Amounts payable within one year42/48€81,408€86,881▲
Current portion of amounts payable after more than one year42€17,673€18,347▲
Trade debts44€7,940€5,352▼
Suppliers440/4€7,940€5,352▼
Taxes, remuneration and social security45€3,030€7,719▲
Taxes450/3€4€642▲
Remuneration and social security454/9€3,025€7,077▲
Other amounts payable47/48€52,766€55,463▲
Income statement Code20242025
Remuneration, social security and pensions62€32,171€31,242▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,773€17,448▲
Other operating charges640/8€679€275▼
Gross operating margin9900€81,196€97,264▲
Operating profit (loss)9901€31,573€48,300▲
Financial charges65/66B€4,926€4,121▼
Recurring financial charges65€4,926€4,121▼
Profit (loss) for the period before taxes9903€26,646€44,179▲
Income taxes67/77€175-
Profit (loss) for the period9904€26,472€44,179▲
Profit (loss) for the period to be appropriated9905€26,472€44,179▲
Appropriation of the result
Profit (loss) to be appropriated9906€28,403€46,183▲
Profit (loss) brought forward from the previous period14P€1,932€2,003▲
Profit to be distributed694/7€26,400€40,000▲
Return on contributions (dividend)694€7,400-
Directors or managers695€19,000€40,000▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920202021202220242025Change
Remuneration, social security and pensions62----€32,171€31,242▼ 2.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€612€619€619€619€16,773€17,448▲ 4.0%
Other operating charges640/8--€1,175€171€679€275▼ 59.5%
Gross operating margin9900€23,886€25,648€32,455€31,427€81,196€97,264▲ 19.8%
Operating profit (loss)9901€23,242€25,029€30,661€30,637€31,573€48,300▲ 53.0%
Financial charges65/66B--€288€318€4,926€4,121▼ 16.4%
Recurring financial charges65€228€322€288€318€4,926€4,121▼ 16.4%
Profit (loss) for the period before taxes9903€23,014€24,707€30,372€30,319€26,646€44,179▲ 65.8%
Income taxes67/77€7€139€120€170€175--
Profit (loss) for the period9904€23,007€24,568€30,252€30,149€26,472€44,179▲ 66.9%
Profit (loss) for the period to be appropriated9905€23,007€24,568€30,252€30,149€26,472€44,179▲ 66.9%
Line201920202021202220242025Change
Assets
Total assets20/58€50,876€52,170€67,183€68,120€186,812€178,117▼ 4.7%
Fixed assets21/28-€1,239€619-€133,545€116,098▼ 13.1%
Intangible fixed assets21----€132,000€115,325▼ 12.6%
Tangible fixed assets22/27-€1,239€619-€1,545€773▼ 50.0%
Plant, machinery and equipment23--€619-€1,545€773▼ 50.0%
Current assets29/58€50,876€50,932€66,563€68,120€53,266€62,019▲ 16.4%
Amounts receivable within one year40/41€49,922€28,700€59,854€62,869€45,542€57,935▲ 27.2%
Trade receivables40--€23,437€19,912€45,057€41,353▼ 8.2%
Other amounts receivable41--€36,417€42,957€485€16,582▲ 3,318%
Cash at bank and in hand54/58€954€22,231€6,709€5,251€5,449€2,220▼ 59.3%
Deferred charges and accrued income490/1----€2,276€1,864▼ 18.1%
Equity and liabilities
Total equity and liabilities10/49€50,876€52,170€67,183€68,120€186,812€178,117▼ 4.7%
Equity10/15€21,150€21,717€21,970€22,119€22,455€26,634▲ 18.6%
Contributions10/11€18,592€18,592€18,592€18,592€18,592€18,592=
Capital10--€18,592€18,592€18,592€18,592=
Issued capital100--€18,592€18,592€18,592€18,592=
Reserves13€1,859€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1--€1,859€1,859€1,859€1,859=
Legal reserve130--€1,859€1,859€1,859€1,859=
Profit (loss) carried forward14€698€1,266€1,519€1,668€2,003€6,183▲ 209%
Amounts payable17/49€29,727€30,453€45,213€46,001€164,357€151,483▼ 7.8%
Amounts payable after more than one year17----€82,949€64,602▼ 22.1%
Financial debts170/4----€82,949€64,602▼ 22.1%
Amounts payable within one year42/48€29,727€30,453€45,213€46,001€81,408€86,881▲ 6.7%
Current portion of amounts payable after more than one year42----€17,673€18,347▲ 3.8%
Trade debts44€4,833€5,553€14,332€15,831€7,940€5,352▼ 32.6%
Suppliers440/4--€14,332€15,831€7,940€5,352▼ 32.6%
Taxes, remuneration and social security45--€120€170€3,030€7,719▲ 155%
Taxes450/3--€120-€4€642▲ 14,220%
Remuneration and social security454/9---€170€3,025€7,077▲ 134%
Other amounts payable47/48--€30,760€30,000€52,766€55,463▲ 5.1%
Line201920202021202220242025Change
Profit (loss) for the period9904€23,007€24,568€30,252€30,149€26,472€44,179▲ 66.9%
+ Depreciation and write-downs630€612€619€619€619€16,773€17,448▲ 4.0%
Operating cash flow (approximation)€23,620€25,187€30,872€30,768€43,244€61,627▲ 42.5%
Investment in fixed assets (approximation)--€0--€0-
Change in cash-€21,277-€15,522-€1,458--€3,229-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 24 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 micro format 31-05-2026 2026-00127868
30-09-2024 micro format 30-04-2025 2025-00092390
30-09-2022 micro format 29-06-2023 2023-00170996
30-09-2021 micro format 29-04-2022 2022-20020324
30-09-2020 micro format 29-04-2021 2021-12000445
30-09-2019 micro format 30-04-2020 2020-11200558
30-09-2018 micro format 27-03-2019 2019-08000531
30-09-2017 full format 30-05-2018 2018-14400337
30-09-2016 full format 31-05-2017 2017-14500068
30-09-2015 full format 22-05-2016 2016-12700114

Show all 24 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.