Result
-€85,203 -€85,203
From profit to loss in 2025, after a profit of €39,970 in 2024.
FITCO
Lifetime
18 annual accounts with figures on one time axis, 34 filings since 1991peak €236,613 (2018)
€77,592▼ 55.2%
lowest -€85,203 (2025)
-€85,203▼ €125,173
peak €481,095 (2024)
€395,892▼ 17.7%
€2.5m▲ 75.2%
Board1 name since 2022
1 directorVan Looveren Patrick
Documentsfilings and deeds
26-01-20265 days before the deadline
2025micro format
Gross margin from €173,011 to €77,592Loss of €85,203General meeting · Director reappointment 25-03Equity from €481,095 to €395,892Debts from €1.4m to €2.5mInvestments €1.1m
Key points
from the 2025 annual accountsTurnover
≈ €170,000 estimated
The micro format states no turnover.
Debts
€2.5m 86% of the balance sheet
Financial debts 27%Suppliers 9%Taxes and wages 1%Other 62%
Of this, €1.8m falls due within a year.
Investments
€1.1m 8.5 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 59.4% higher than in 2024.
Filings
34 annual accounts since 1991
The 2016 accounts came 10 days late. The other nine of the last ten were filed on time.
Position in the sector
-€85,203
Lower net result than 95% of companies in advertising and market research. Sector median €14,813 · 8,612 companies.
Checked score
87
Excellent
Financially stronger than 20% of small companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025highest value
02-2026: 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €395,892 (13.7% of total assets)
lowers risk
Size: total assets €2.9m
Founded in 1990
Figures for financial year 2025 (filed on 27-01-2026)
Calculation
The band follows from the bankruptcy probability. 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 73, small). It does better than 18% of them on solvency, 13% on liquidity, 37% on profitability and 14% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as FITCO has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FITCO itself is lower: 0.1% within 12 months. It rests on far more data about FITCO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for FITCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.12 (0.38 in 2024), below 1. Short-term debt is 62.7% and cash 2.9% of total assets. 86.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8611 sector peers (2025).
NBB · sector comparisonPosition among 8611 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 days early
2024
3 days early
2023
1 day early
2022
1 day early
2021
on the day
2020
3 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441624667
General meeting · Director reappointment
Gazette deed
Board meeting · Director appointment
Gazette deed
Other provision · Board rule
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FITCO Schilde | €2.9m | €77,592 | 13.7% | - |
| ACTION ACTION Hove | €3.8m | €74,272 | 88.1% | - |
| MOOD MEDIA BELGIUM Antwerp | €2.5m | €96,419 | 7.3% | 0.3 |
| FLANDERS OPTICIANS Mechelen | €2.2m | €56,168 | 40.1% | - |
| CSPD Uccle | €2.9m | €53,947 | 79.1% | - |
| SIMA vastgoed Hasselt | €3.6m | €119,696 | 10.7% | - |
| Manderlier consulting Ixelles | €2.5m | €66,594 | 61.4% | - |
These companies have the same main activity as FITCO: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €2.2m and €3.8m, founded between 1979 and 1997.
Official details
Source: KBO- Status
- Active since 23-10-1990Normal situation
- Activity
- Advertising agenciesNACE 73110and 1 other
- Establishment unit
- 2.049.986.0232970 Schilde, since 29-10-1990
- Financial year end
- 30 June
- Peppol
- Reachable since 25-11-2025
Annual accounts to 30-06-2025
- €2.9m▲ 51.8%
- Filing
- Filed on 26-01-2026, 5 days before the end of the filing period
Insights on FITCO
FITCO files the micro format. That format states no turnover. The gross margin rose from €31,662 in 2007 to €77,592 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FITCO
- What is the company number of FITCO?
- The company number of FITCO is 0441.624.667. The VAT number is the same number with BE in front: BE 0441.624.667.
- Where is FITCO based?
- The registered office is at De Loock 20, 2970 Schilde.Company details
- What does FITCO do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of FITCO?
- FITCO is a private limited company (pre-2019) (BVBA).
- When was FITCO founded?
- FITCO was founded on 23-10-1990.
- Is FITCO still active?
- Yes, FITCO is an active enterprise in the KBO register.
- What is the turnover of FITCO?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €77,592 and 30 comparable companies (NACE 73). It probably lies between €150,000 and €220,000. In financial year 2023 turnover was €334,922.Financials
- Is FITCO profitable?
- In financial year 2025, FITCO made a loss of €85,203.
- Where can I find the annual accounts of FITCO?
- FITCO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FITCO due?
- FITCO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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