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FITPHYSIO

Active
Private limited companyfounded 20215 yrs activeMax Hermanlei 179, 2930 Brasschaat, BelgiumKBO/BCE: BE 0770.987.573
Summary

The computed 12-month bankruptcy probability of FITPHYSIO is 2.7% (moderate). The 2025 annual accounts show equity of €14,241 and a net result of €12,423. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability91▲+12
Solvency45▼-55
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.26 against 4.58 in 2024; short-term debt: 79.9% and cash: 7.9% of total assets), and 79.9% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 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 · 4 filings
Deviation from the deadline
2025
4 d late
2024
5 d late
2023
on the day
2022
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 2 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 2 February (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FITPHYSIO was incorporated on 9 July 2021 as a Private limited company.1 Total assets rose from EUR 25,087 in 2022 to EUR 70,904 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€14,241▼ 69.6%
2024 · €46,818
Total assets
€70,904▲ 20.8%
2024 · €58,684
Net result
€12,423▲ 161%
2024 · €4,762
Working capital
-€41,724
2024 · €42,490
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
Line2022202320242025
Operating result€25,631-€28,723▲ 12.1%€7,492▼ 73.9%€15,996▲ 114%
Net result€19,461-€21,595▲ 11.0%€4,762▼ 77.9%€12,423▲ 161%
Equity€20,461-€42,056▲ 106%€46,818▲ 11.3%€14,241▼ 69.6%
Total assets€25,087-€49,687▲ 98.1%€58,684▲ 18.1%€70,904▲ 20.8%
Debt€4,627-€7,631▲ 64.9%€11,866▲ 55.5%€56,663▲ 378%
Working capital€12,419-€34,209▲ 175%€42,490▲ 24.2%-€41,724
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2022: €25,631€25,631Net result 2022: €19,461€19,461Operating result 2023: €28,723€28,723Net result 2023: €21,595€21,595Operating result 2024: €7,492€7,492Net result 2024: €4,762€4,762Operating result 2025: €15,996€15,996Net result 2025: €12,423€12,4232022202320242025€0€10,000€20,000€30,000Operating result 2023: €28,723€28,700Net result 2023: €21,595€21,600Operating result 2024: €7,492€7,490Net result 2024: €4,762€4,760Operating result 2025: €15,996€16,000Net result 2025: €12,423€12,400202320242025
The operating result recovers in 2025; 2025 is 114% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,904
Fixed assets €55,965 ▲ 1,193%
Current assets €14,939 ▼ 72.5%
Equity and liabilities €70,904
Equity €14,241 ▼ 69.6%
Debt €56,663 ▲ 378%
Debt's share of the balance-sheet total rises from 20.2% to 79.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€19,336▲
2024 · €12,651
Cash flow
€15,763▲
2024 · €9,920
Current ratio
0.26▼
2024 · 4.58
Debt to equity
3.98▲
2024 · 0.25
ROE
87.2%▲
2024 · 10.2%
ROA
17.5%▲
2024 · 8.1%
Interest coverage
61.08▲
2024 · 26.40
Debt ≤ 1 year
€56,663▲
2024 · €11,866
Income taxes
€3,257▲
2024 · €2,252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€58,684€70,904▲
Fixed assets21/28€4,327€55,965▲
Tangible fixed assets22/27€4,327€55,965▲
Plant, machinery and equipment23€194-
Furniture and vehicles24€4,133€1,722▼
Other tangible fixed assets26-€54,243
Current assets29/58€54,356€14,939▼
Amounts receivable within one year40/41€12,012€8,625▼
Trade receivables40€8,264€8,625▲
Other amounts receivable41€3,748-
Cash at bank and in hand54/58€41,662€5,604▼
Deferred charges and accrued income490/1€682€710▲
Equity and liabilities
Total equity and liabilities10/49€58,684€70,904▲
Equity10/15€46,818€14,241▼
Contributions10/11€1,000€1,000=
Outside capital11€1,000€1,000=
Other1109/19€1,000€1,000=
Profit (loss) carried forward14€45,818€13,241▼
Amounts payable17/49€11,866€56,663▲
Amounts payable within one year42/48€11,866€56,663▲
Trade debts44€3,325€2,923▼
Suppliers440/4€3,325€2,923▼
Taxes, remuneration and social security45€1,772€6,760▲
Taxes450/3€1,772€6,760▲
Other amounts payable47/48€6,769€46,980▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€91,507€91,640▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,158€3,340▼
Other operating charges640/8€485€825▲
Gross operating margin9900€13,136€20,162▲
Operating profit (loss)9901€7,492€15,996▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€479€317▼
Recurring financial charges65€479€317▼
Profit (loss) for the period before taxes9903€7,014€15,680▲
Income taxes67/77€2,252€3,257▲
Profit (loss) for the period9904€4,762€12,423▲
Profit (loss) for the period to be appropriated9905€4,762€12,423▲
Appropriation of the result
Profit (loss) to be appropriated9906€45,818€58,241▲
Profit (loss) brought forward from the previous period14P€41,056€45,818▲
Profit to be distributed694/7-€45,000
Return on contributions (dividend)694-€45,000

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Goods, raw materials, services and sundry goods60/61€48,738€70,008€91,507€91,640▲ 0.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,856€4,444€5,158€3,340▼ 35.3%
Other operating charges640/8€908€794€485€825▲ 70.2%
Gross operating margin9900€29,395€33,961€13,136€20,162▲ 53.5%
Operating profit (loss)9901€25,631€28,723€7,492€15,996▲ 114%
Financial income75/76B-€3€1--
Recurring financial income75-€3€1--
Financial charges65/66B€30€359€479€317▼ 33.9%
Recurring financial charges65€30€359€479€317▼ 33.9%
Profit (loss) for the period before taxes9903€25,601€28,367€7,014€15,680▲ 124%
Income taxes67/77€6,140€6,772€2,252€3,257▲ 44.6%
Profit (loss) for the period9904€19,461€21,595€4,762€12,423▲ 161%
Profit (loss) for the period to be appropriated9905€19,461€21,595€4,762€12,423▲ 161%
Line2022202320242025Change
Assets
Total assets20/58€25,087€49,687€58,684€70,904▲ 20.8%
Fixed assets21/28€8,041€7,847€4,327€55,965▲ 1,193%
Tangible fixed assets22/27€8,041€7,847€4,327€55,965▲ 1,193%
Plant, machinery and equipment23€995€595€194--
Furniture and vehicles24€7,046€7,252€4,133€1,722▼ 58.3%
Other tangible fixed assets26---€54,243-
Current assets29/58€17,046€41,840€54,356€14,939▼ 72.5%
Amounts receivable within one year40/41€7,398€8,597€12,012€8,625▼ 28.2%
Trade receivables40€7,398€8,597€8,264€8,625▲ 4.4%
Other amounts receivable41--€3,748--
Cash at bank and in hand54/58€8,721€32,874€41,662€5,604▼ 86.5%
Deferred charges and accrued income490/1€927€369€682€710▲ 4.1%
Equity and liabilities
Total equity and liabilities10/49€25,087€49,687€58,684€70,904▲ 20.8%
Equity10/15€20,461€42,056€46,818€14,241▼ 69.6%
Contributions10/11€1,000€1,000€1,000€1,000=
Outside capital11€1,000€1,000€1,000€1,000=
Other1109/19€1,000€1,000€1,000€1,000=
Profit (loss) carried forward14€19,461€41,056€45,818€13,241▼ 71.1%
Amounts payable17/49€4,627€7,631€11,866€56,663▲ 378%
Amounts payable within one year42/48€4,627€7,631€11,866€56,663▲ 378%
Trade debts44€2,823€2,062€3,325€2,923▼ 12.1%
Suppliers440/4€2,823€2,062€3,325€2,923▼ 12.1%
Taxes, remuneration and social security45€1,140€1,772€1,772€6,760▲ 281%
Taxes450/3€1,140€1,772€1,772€6,760▲ 281%
Other amounts payable47/48€664€3,796€6,769€46,980▲ 594%
Line2022202320242025Change
Profit (loss) for the period9904€19,461€21,595€4,762€12,423▲ 161%
+ Depreciation and write-downs630€2,856€4,444€5,158€3,340▼ 35.3%
Operating cash flow (approximation)€22,317€26,039€9,920€15,763▲ 58.9%
Investment in fixed assets (approximation)--€4,249-€1,639-€54,977▼ 3,254%
Change in cash-€24,153€8,788-€36,058▼ 510%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
04-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
05-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
30-06
Financial Weakest financial yearnet €4,762 ▼77.9%
Net result drops to €4,762, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Highest result since 2022net €21,595 ▲11%
Operating result €28,723, net result €21,595, both a record.
30-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Brasschaat · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
673 m²
Building footprint
110 m²
Volume, LiDAR
538 m³
Parcel 11323F0131/00H000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FITPHYSIO
Max Hermanlei 179, 2930 BrasschaatHuman health activities
since 20212.319.763.611
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11323F0131/00H000 Flanders 673 m² 1 · 110 m² 9.5 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 to 2025 · 2 entries · 483 EUR awarded · 483 EUR paid
Year Entries awardedpaid
2025 1 207 EUR207 EUR
2022 1 276 EUR276 EUR
Schemes
2 entries · 483 EUR · 483 EUR paid · Fonds voor Innoveren en Ondernemen

Identification & contact

Identification
Legal formPrivate limited company
Founded09-07-2021
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID 0208:0770987573
Also 9925:BE0770987573
Registered 03-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.