Fish 2 Be
ActiveSummary
Fish 2 Be has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€383,826) and a net result of €748,642. Equity is shrinking by ~41.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+32
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.8 against 0.25 in 2024; short-term debt: 124.9% and cash: 79.2% of total assets), and equity is negative.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8782 sector peers (2025).
NBB · sector comparisonPosition among 8782 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d early
2023
6 d early
2022
6 d early
2021
1 d early
2020
2 d early
2019
8 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 8 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 25 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€383,826▲ 66.1%
2024 · -€1.1m
Total assets
€1.3m▲ 287%
2024 · €335,341
Net result
€748,642▲ 674%
2024 · €96,666
Working capital
-€323,512▲ 68.3%
2024 · -€1.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€324,455▼ 51.0%-€322,411▲ 0.6%-€174,271▲ 45.9%€183,882€835,168▲ 354%
Net result-€350,949below the sector's middle half▼ 52.0%-€311,989below the sector's middle half▲ 11.1%-€169,421below the sector's middle half▲ 45.7%€96,666within the sector's middle half€748,642above the sector's middle half▲ 674%
Equity-€732,003below the sector's middle half▼ 98.5%-€1.1mbelow the sector's middle half▼ 44.0%-€1.2mbelow the sector's middle half▼ 16.6%-€1.1mbelow the sector's middle half▲ 7.9%-€383,826below the sector's middle half▲ 66.1%
Total assets€295,397below the sector's middle half▼ 22.5%€216,369below the sector's middle half▼ 26.8%€12,688below the sector's middle half▼ 94.1%€335,341below the sector's middle half▲ 2,543%€1.3mwithin the sector's middle half▲ 287%
Debt€1.0m▲ 37.7%€1.3m▲ 24.0%€1.2m▼ 2.1%€1.5m▲ 18.2%€1.7m▲ 14.7%
Working capital-€479,979below the sector's middle half▼ 152%-€768,207below the sector's middle half▼ 60.1%-€1.2mbelow the sector's middle half▼ 53.3%-€1.0mbelow the sector's middle half▲ 13.3%-€323,512below the sector's middle half▲ 68.3%
Solvency-247.8%below the sector's middle half▼ 151.0pp-487.1%below the sector's middle half▼ 239.3pp-337.7%below the sector's middle half-29.5%below the sector's middle half▲ 308.2pp
Current ratio0.15below the sector's middle half▼ 0.260.05below the sector's middle half▼ 0.090.01below the sector's middle half▼ 0.050.25below the sector's middle half▲ 0.240.80within the sector's middle half▲ 0.55
Return on assets (ROA)-118.8%below the sector's middle half▼ 58.2pp-144.2%below the sector's middle half▼ 25.4pp28.8%above the sector's middle half57.6%above the sector's middle half▲ 28.8pp
Staff (FTE)1.7within the sector's middle half▲ 240%1.7within the sector's middle half=0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 354% above 2024 and is the highest result in the available series.
Key figures and ratios
EBITDA
€835,168▲
2024 · €186,569
Cash flow
€748,642▲
2024 · €99,353
Debt to equity
-4.38▼
2024 · -1.30
Interest coverage
9.65▲
2024 · 2.14
Debt ≤ 1 year
€1.6m▲
2024 · €1.4m
Income taxes
€0▼
2024 · €20
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 265 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
1.1%
went bankrupt
3.4%
stopped otherwise
94%
still going
A further 1.1% 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 497,340 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% | 1.8% |
| 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% 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 265 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 | - | - | - | - | €1,610 | - |
| Remuneration, social security and pensions62 | €71,521 | €54,961 | €421 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,150 | €63,751 | €4,916 | €2,687 | €0 | ▼ 100% |
| Other operating charges640/8 | €4,922 | €4,477 | €4,177 | €2,908 | €1,790 | ▼ 38.5% |
| Non-recurring operating charges66A | - | - | €135,334 | €0 | - | - |
| Gross operating margin9900 | -€181,862 | -€199,222 | -€29,422 | €189,477 | €836,958 | ▲ 342% |
| Operating profit (loss)9901 | -€324,455 | -€322,411 | -€174,271 | €183,882 | €835,168 | ▲ 354% |
| Financial income75/76B | €12,281 | €10,038 | €5,683 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €12,281 | €10,038 | €5,683 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €40,926 | €1,279 | €2,930 | €87,197 | €86,526 | ▼ 0.8% |
| Recurring financial charges65 | €40,926 | €1,279 | €2,930 | €87,197 | €86,526 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | -€353,099 | -€313,652 | -€171,518 | €96,686 | €748,642 | ▲ 674% |
| Transfer from deferred taxes780 | €2,387 | €2,387 | €2,387 | €0 | - | - |
| Income taxes67/77 | €237 | €723 | €291 | €20 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€350,949 | -€311,989 | -€169,421 | €96,666 | €748,642 | ▲ 674% |
| Profit (loss) for the period to be appropriated9905 | -€350,949 | -€311,989 | -€169,421 | €96,666 | €748,642 | ▲ 674% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295,397 | €216,369 | €12,688 | €335,341 | €1.3m | ▲ 287% |
| Fixed assets21/28 | €211,950 | €172,835 | €3,708 | €1,021 | €0 | ▼ 100% |
| Intangible fixed assets21 | €5,008 | €2,766 | - | - | - | - |
| Tangible fixed assets22/27 | €203,943 | €167,069 | €3,708 | €1,021 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €178,811 | €145,646 | - | - | - | - |
| Furniture and vehicles24 | €2,551 | €4,892 | €2,826 | €1,021 | €0 | ▼ 100% |
| Leasing and similar rights25 | €6,582 | €3,732 | €882 | €0 | - | - |
| Other tangible fixed assets26 | €15,998 | €12,799 | - | - | - | - |
| Financial fixed assets28 | €3,000 | €3,000 | - | - | - | - |
| Current assets29/58 | €83,447 | €43,534 | €8,980 | €334,320 | €1.3m | ▲ 289% |
| Stocks and contracts in progress3 | €56,386 | €12,619 | - | - | - | - |
| Stocks30/36 | €56,386 | €12,619 | - | - | - | - |
| Amounts receivable within one year40/41 | €20,626 | €17,615 | €2,068 | €250,242 | €270,369 | ▲ 8.0% |
| Trade receivables40 | €11,550 | €10,437 | €2,068 | €249,852 | €270,286 | ▲ 8.2% |
| Other amounts receivable41 | €9,077 | €7,178 | - | €390 | €83 | ▼ 78.8% |
| Cash at bank and in hand54/58 | €4,019 | €10,943 | €6,912 | €84,078 | €1.0m | ▲ 1,123% |
| Deferred charges and accrued income490/1 | €2,415 | €2,357 | - | - | €492 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295,397 | €216,369 | €12,688 | €335,341 | €1.3m | ▲ 287% |
| Equity10/15 | -€732,003 | -€1.1m | -€1.2m | -€1.1m | -€383,826 | ▲ 66.1% |
| Contributions10/11 | €616,650 | €616,650 | €616,650 | €616,650 | €616,650 | = |
| Capital10 | €616,650 | €616,650 | €616,650 | €616,650 | €616,650 | = |
| Issued capital100 | €616,650 | €616,650 | €616,650 | €616,650 | €616,650 | = |
| Profit (loss) carried forward14 | -€1.4m | -€1.7m | -€1.8m | -€1.7m | -€1.0m | ▲ 42.8% |
| Investment grants15 | €15,721 | €5,683 | - | - | - | - |
| Provisions and deferred taxes16 | €4,774 | €2,387 | - | - | - | - |
| Deferred taxes168 | €4,774 | €2,387 | - | - | - | - |
| Amounts payable17/49 | €1.0m | €1.3m | €1.2m | €1.5m | €1.7m | ▲ 14.7% |
| Amounts payable after more than one year17 | €403,815 | €400,885 | - | - | - | - |
| Financial debts170/4 | €403,815 | €400,885 | - | - | - | - |
| Amounts payable within one year42/48 | €563,426 | €811,741 | €1.2m | €1.4m | €1.6m | ▲ 19.7% |
| Current portion of amounts payable after more than one year42 | €6,480 | €2,930 | €885 | €0 | - | - |
| Trade debts44 | €32,166 | €59,644 | €27,420 | €163,683 | €224,619 | ▲ 37.2% |
| Suppliers440/4 | €32,166 | €59,644 | €27,420 | €163,683 | €224,619 | ▲ 37.2% |
| Taxes, remuneration and social security45 | €14,199 | €6,087 | €50 | €2,306 | €122,135 | ▲ 5,196% |
| Taxes450/3 | €1,617 | - | - | €2,306 | €122,135 | ▲ 5,196% |
| Remuneration and social security454/9 | €12,582 | €6,087 | €50 | - | - | - |
| Other amounts payable47/48 | €510,581 | €743,081 | €1.2m | €1.2m | €1.3m | ▲ 7.3% |
| Accrued charges and deferred income492/3 | €55,385 | €55,385 | €55,385 | €112,191 | €60,314 | ▼ 46.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€350,949 | -€311,989 | -€169,421 | €96,666 | €748,642 | ▲ 674% |
| + Depreciation and write-downs630 | €66,150 | €63,751 | €4,916 | €2,687 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€284,799 | -€248,238 | -€164,505 | €99,353 | €748,642 | ▲ 654% |
| Investment in fixed assets (approximation) | - | -€24,635 | €164,210 | €0 | €1,021 | - |
| Change in cash | - | €6,924 | -€4,032 | €77,166 | €944,289 | ▲ 1,124% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €748,642 ▲674%
Operating result €835,168, net result €748,642, both a record.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €96,666
Net result €96,666 after 6 loss-making years.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet -€350,949
Net result drops to -€350,949, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Dilsen-Stokkem · 1 establishment unit since 2025
Ground area
1,159 m²
Building footprint
102 m²
Volume, LiDAR
509 m³
Parcel 72032B1037/00D003, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
43
companies at this address
See who is registered here
1 establishment unit
Fish 2 BE
since 20252.370.232.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B1037/00D003 | Flanders | 1,159 m² | 1 · 102 m² | 8.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 234 EUR awarded · 234 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 234 EUR | 234 EUR |
Schemes
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 39,727 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-01-2013
Fiscal year end30-09
Abbreviation NL
F2Be
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0503837695
Also
9925:BE0503837695
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.