Fitec
The computed 12-month bankruptcy probability of Fitec is 0.2% (very low). The 2024 annual accounts show equity of €20.84M and a net result of €5.12M. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 94% of 543 sector peers (fiscal year 2024). The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €20.84M |
| Net result | €5.12M |
| Staff (FTE) | 4.3 |
| Better than sector | 94% |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 85.0% | 31.0% | |
| Net result | €5.12M | €47k | |
| Equity | €20.84M | €468k | |
| Staff costs | €499k | €496k | |
| Employees (FTE) | 4.3 | 7.6 |
| Fiscal year | 2024 |
|---|---|
| Revenue | €1.91M |
| EBITDA | €516k |
| Net profit | €5.12M |
| Cash flow | €5.34M |
| Staff costs | €499k |
| Income taxes | €2k |
| Dividends | €266k |
| Total assets | €24.52M |
| Equity | €20.84M |
| Debt | €3.68M |
| of which ≤ 1y | €1.39M |
| of which > 1y | €2.28M |
| Working capital | €50k |
| Employees (FTE) | 4.3 |
| 2024 | |
|---|---|
| Current ratio | 1.04 |
| Quick ratio | 1.04 |
| Working capital ratio | 0.2% |
| Solvency | 85.0% |
| Debt / equity | 0.18 |
| Long-term debt ratio | 0.11 |
| Interest coverage | 2.91 |
| Gross margin | - |
| Net margin | 268.0% |
| ROA | 20.9% |
| ROE | 24.6% |
| EBITDA margin | 27.0% |
| Days sales outstanding | 22d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €24.52M |
| Fixed assets | 21/28 | €23.07M |
| Tangible fixed assets | 22/27 | €9.09M |
| Financial fixed assets | 28 | €13.99M |
| Current assets | 29/58 | €1.44M |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €1.14M |
| Investments | 50/53 | €178k |
| Cash & bank | 54/58 | €121k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €24.52M |
| Equity | 10/15 | €20.84M |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €20.78M |
| Amounts payable | 17/49 | €3.68M |
| Amounts payable after one year | 17 | €2.28M |
| Amounts payable within one year | 42/48 | €1.39M |
| Trade debts payable within one year | 44 | €192k |
| Income statement | ||
| Turnover | 70 | €1.91M |
| Operating result | 9901 | €295k |
| Financial income | 75 | €5.01M |
| Financial charges | 65 | €181k |
| Result before taxes | 9903 | €5.12M |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €5.12M |
| Result to be appropriated | 9905 | €5.12M |
| NACE primary | Wholesale trade(46150) |
| Legal form | Public limited company(014) |
| Incorporation | 28-09-1979 |
| Status | Active |
| Postal code | 8211 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001C0924/00P000 | Flanders | 6.4 ha | 1 · 1.4 ha | 13.8 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
07-10-2021 Capital increase of €42,900
- 2 kapitaalbewegingen in deze akte
Technical details
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"firm_kbo": "0433.608.707",
"firm_name": "Vandelanotte Bedrijfsrevisoren CVBA",
"ibr_number": null,
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"individual_name": "Filip Remmery"
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"expedition",
"geco\u00F6rdineerde tekst van de statuten",
"verslag van bestuursorgaan",
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Fitec |
| AbbreviationNL | Fitec |