FISHEXPERT
ActiveSummary
The computed 12-month bankruptcy probability of FISHEXPERT is 3.1% (moderate). The 2025 annual accounts show equity of €9,118 and a net result of €9,135. Equity is shrinking by about 43% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 29% of 16,925 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 3.3 FTE
- Equity
- €9,118
- Profit
- €9,135
Why 50raises riskSector: Food and beverage service activities (NACE 56)Founded in 20232 of the last 3 latelowers riskLiquidity: current ratio 1.01, cash €126,032Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 28% on solvency, 49% on liquidity, 38% on profitability and 8% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 14 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €9,135 ▼87.7%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 86% below 2024 and is the lowest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service 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).
Peer companies
Historical observationOf the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% 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 497,445 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% | 0.9% |
| 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 2,135 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €137,196 | €261,483 | €138,002 | ▼ 47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €286 | €2,059 | €3,398 | ▲ 65.0% |
| Other operating charges640/8 | €351 | €11,134 | €314 | ▼ 97.2% |
| Gross operating margin9900 | €218,100 | €376,368 | €156,428 | ▼ 58.4% |
| Operating profit (loss)9901 | €80,268 | €101,692 | €14,714 | ▼ 85.5% |
| Financial income75/76B | - | €249 | €1,084 | ▲ 335% |
| Recurring financial income75 | - | €249 | €1,084 | ▲ 335% |
| Financial charges65/66B | €221 | €2,229 | €4,842 | ▲ 117% |
| Recurring financial charges65 | €221 | €2,229 | €4,842 | ▲ 117% |
| Profit (loss) for the period before taxes9903 | €80,047 | €99,712 | €10,956 | ▼ 89.0% |
| Income taxes67/77 | €21,880 | €25,668 | €1,821 | ▼ 92.9% |
| Profit (loss) for the period9904 | €58,167 | €74,044 | €9,135 | ▼ 87.7% |
| Profit (loss) for the period to be appropriated9905 | €58,167 | €74,044 | €9,135 | ▼ 87.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €238,646 | €218,487 | €238,780 | ▲ 9.3% |
| Fixed assets21/28 | €7,664 | €11,029 | €7,631 | ▼ 30.8% |
| Tangible fixed assets22/27 | €7,664 | €11,029 | €7,631 | ▼ 30.8% |
| Plant, machinery and equipment23 | €7,664 | €6,074 | €4,484 | ▼ 26.2% |
| Furniture and vehicles24 | - | €4,955 | €3,147 | ▼ 36.5% |
| Current assets29/58 | €230,981 | €207,458 | €231,148 | ▲ 11.4% |
| Stocks and contracts in progress3 | €734 | - | €1,162 | - |
| Stocks30/36 | €734 | - | €1,162 | - |
| Amounts receivable within one year40/41 | €191,765 | €175,787 | €99,160 | ▼ 43.6% |
| Trade receivables40 | €105,143 | €60,673 | €50,106 | ▼ 17.4% |
| Other amounts receivable41 | €86,622 | €115,114 | €49,053 | ▼ 57.4% |
| Cash at bank and in hand54/58 | €34,857 | €27,779 | €126,032 | ▲ 354% |
| Deferred charges and accrued income490/1 | €3,625 | €3,892 | €4,795 | ▲ 23.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €238,646 | €218,487 | €238,780 | ▲ 9.3% |
| Equity10/15 | €64,367 | €140,885 | €9,118 | ▼ 93.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €58,167 | €132,211 | €1,346 | ▼ 99.0% |
| Investment grants15 | - | €2,474 | €1,572 | ▼ 36.5% |
| Amounts payable17/49 | €174,278 | €77,602 | €229,662 | ▲ 196% |
| Amounts payable within one year42/48 | €174,278 | €74,215 | €229,662 | ▲ 209% |
| Trade debts44 | €120,179 | €31,426 | €69,397 | ▲ 121% |
| Suppliers440/4 | €120,179 | €31,426 | €69,397 | ▲ 121% |
| Taxes, remuneration and social security45 | €54,012 | €33,354 | €20,265 | ▼ 39.2% |
| Taxes450/3 | €28,328 | €10,373 | €2,276 | ▼ 78.1% |
| Remuneration and social security454/9 | €25,684 | €22,981 | €17,989 | ▼ 21.7% |
| Other amounts payable47/48 | €87 | €9,436 | €140,000 | ▲ 15× |
| Accrued charges and deferred income492/3 | - | €3,387 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,167 | €74,044 | €9,135 | ▼ 87.7% |
| + Depreciation and write-downs630 | €286 | €2,059 | €3,398 | ▲ 65.0% |
| Operating cash flow (approximation) | €58,453 | €76,103 | €12,533 | ▼ 83.5% |
| Investment in fixed assets (approximation) | - | -€5,424 | €0 | - |
| Change in cash | - | -€7,078 | €98,252 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-04-2026 | 2026-00083184 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00476734 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00447485 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MARLIER Grégory |
|
| FERRACUTI,Marco |
|
Owners and capital
Capital and shareholders
- MARLIER Gregory Robert Max founder
- FERRACUTI Marco founder
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 26-05-2023 Incorporation · €6,200 · 120 shares
Group and network
Connections & network
15 connected companiesShow 11 more companies with a shared director
History
FISHEXPERT was incorporated on 24 May 2023 as a private limited company by two natural persons, with a starting capital of €6,200.12 Since 2023, MARLIER Grégory has served as director of the company.2 Total assets went from €238,646 in 2023 to €238,780 in 2025 and headcount from 4 to 3.3 full-time equivalents.3
Acts, filings and financial milestones
03-09
Gazette deed
Resignation: Marco Ferracuti (director)Director discharge4 facts ▸
- General meeting, 03-06-2024
- Director resignation, Marco Ferracuti (director)
- Director discharge, Marco Ferracuti (director)
- Director in office, Marlier Gregory (chair)
26-05
Gazette deed
IncorporationAppointments: MARLIER Gregory Robert Max (director) and FERRACUTI Marco (director) · Founder · Founding capital10 facts ▸
- Founder, MARLIER Gregory Robert Max (comparant)
- Founder, FERRACUTI Marco (comparant)
- Incorporation, “société à responsabilité limitée, FISHEXPERT” (deed in French)
- Founding capital, €6,200
- Bank account, “dépôt des versements, compte spécial ouvert au nom de la société en formation” (deed in French)
- Registered office clause, “1000 Bruxelles, Champ du Vert Chasseur”, 85 (deed in French)
- Board rule, 2, “assemblée” (deed in French)
- Director appointment, MARLIER Gregory Robert Max (director (not named in the articles))
- Director appointment, FERRACUTI Marco (director (not named in the articles))
- Other provision, “adresse électronique et site internet, comparants” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 |
| 21822R0287/00P000 | Brussels | 87 m² | 1 · 87 m² | 12.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, cette décision n’entraîne pas de changement en matière de régime linguistique applicable à la société” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, 1” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 18:00