Summary
The computed 12-month bankruptcy probability of FISCOVAL is 2.0% (moderate). The 2019 annual accounts show equity of €111,370 and a net result of €1,253. The company has been active since 1993 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability38▼-32
Solvency46▲+1
Growth52
Track record92
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2019Solvency, return and age of the figures
Solvency
20.8%
Return on assets
0.2%
Age of the figures
84 mo
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 · No filing for years
The last filed financial year closed on 30-09-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-09-2020 close30-04-2021 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 30-06-2020, 61 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 61 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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 2019, micro schema
Turnover
€89,153
EBIT margin
19.7%
Net result
€1,253▼ 76.4%
2018 · €5,303
Working capital
-€41,667▼ 10.2%
2018 · -€37,808
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
Line20182019
Turnover€89,153-
Operating result€17,546-€17,550=
Net result€5,303-€1,253▼ 76.4%
EBIT margin19.7%-
Equity€110,117-€111,370▲ 1.1%
Total assets€550,218-€534,234▼ 2.9%
Debt€429,434-€412,623▼ 3.9%
Working capital-€37,808--€41,667▼ 10.2%
Staff (FTE)0.6-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 0% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €534,234
Fixed assets
€480,535 ▼ 4.0%
Current assets
€53,699 ▲ 7.9%
Equity and liabilities €534,234
Equity
€111,370 ▲ 1.1%
Provisions
€10,241 ▼ 4.0%
Debt
€412,623 ▼ 3.9%
Debt's share of the balance-sheet total falls from 78.0% to 77.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,460=
2018 · €37,456
Cash flow
€21,163▼
2018 · €25,213
Current ratio
0.56▼
2018 · 0.57
Debt to equity
2.84▼
2018 · 3.10
ROE
1.1%▼
2018 · 4.8%
ROA
0.2%▼
2018 · 1.0%
Debt ≤ 1 year
€95,366▲
2018 · €87,581
Debt > 1 year
€316,482▼
2018 · €341,853
Income taxes
€1,000▲
2018 · -€1,194
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €89,153 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,910 | €19,910 | = |
| Gross operating margin9900 | €53,514 | €39,587 | ▼ 26.0% |
| Operating profit (loss)9901 | €17,546 | €17,550 | = |
| Recurring financial income75 | €280 | - | - |
| Recurring financial charges65 | €14,144 | €15,724 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | €3,682 | €1,826 | ▼ 50.4% |
| Income taxes67/77 | -€1,194 | €1,000 | ▲ 184% |
| Profit (loss) for the period9904 | €5,303 | €1,253 | ▼ 76.4% |
| Profit (loss) for the period to be appropriated9905 | €6,132 | €2,082 | ▼ 66.1% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €550,218 | €534,234 | ▼ 2.9% |
| Fixed assets21/28 | €500,445 | €480,535 | ▼ 4.0% |
| Tangible fixed assets22/27 | €446,162 | €426,252 | ▼ 4.5% |
| Financial fixed assets28 | €54,283 | €54,283 | = |
| Current assets29/58 | €49,773 | €53,699 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €17,226 | €19,942 | ▲ 15.8% |
| Cash at bank and in hand54/58 | €2,144 | €4,321 | ▲ 102% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €550,218 | €534,234 | ▼ 2.9% |
| Equity10/15 | €110,117 | €111,370 | ▲ 1.1% |
| Contributions10/11 | €18,592 | €18,592 | = |
| Reserves13 | €77,576 | €91,748 | ▲ 18.3% |
| Profit (loss) carried forward14 | €13,948 | €1,030 | ▼ 92.6% |
| Provisions and deferred taxes16 | €10,668 | €10,241 | ▼ 4.0% |
| Amounts payable17/49 | €429,434 | €412,623 | ▼ 3.9% |
| Amounts payable after more than one year17 | €341,853 | €316,482 | ▼ 7.4% |
| Amounts payable within one year42/48 | €87,581 | €95,366 | ▲ 8.9% |
| Trade debts44 | €19,475 | €9,349 | ▼ 52.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,303 | €1,253 | ▼ 76.4% |
| + Depreciation and write-downs630 | €19,910 | €19,910 | = |
| Operating cash flow (approximation) | €25,213 | €21,163 | ▼ 16.1% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €2,177 | - |
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
2024
16-08
KBO administration
Late accounts filing
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 113 days late
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 65 days late
2015
25-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 25 days late
2014
17-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 48 days late
2013
03-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 95 days late
2012
24-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 55 days late
2011
29-04
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Florennes · 1 establishment unit since 1993
Ground area
4,141 m²
Building footprint
82 m²
Parcel 93022I0028/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FISCOVAL
since 19932.063.146.646
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93022I0028/00M000 | Wallonia | 4,141 m² | 1 · 82 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-01-1993
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.