Active BE 0790.983.827Private limited company

Fiveco

Koning Albertstraat 202 ·2381 Ravels, Belgium· 3 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

Fiveco has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106k and a net result of €24k. Its solvency ranks better than 67% of 12490 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€106k
Net result	€24k
Better than sector	67%
Active	3 yrs

Financial profile 5 of 5 axes measured · computed by Checked

88 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 100

Solvency 100

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€10k

estimate, not credit advice

Score history

93 2023

93 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.12 (≥ 1.5) +10

Quick ratio Quick ratio 3.12 (≥ 1.0) +5

Leverage Debt/equity 0.39 (< 1.0) +10

Profitability ROE 23% (≥ 10%) +10

Interest coverage Interest coverage 259.4× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 11-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	72.2%	60.5%	better than 67% of 12490 sector peers
Net result	€24k	€31k	better than 44% of 12492 sector peers
Equity	€106k	€63k	better than 68% of 12498 sector peers
Gross operating margin	€42k	€52k	better than 43% of 12477 sector peers
Total assets	€147k	€124k	better than 57% of 12491 sector peers

EBITDA

€40k

-63.3% 23-24

Net profit

€24k

-69.8% 23-24

Cash flow

€33k

-62.6% 23-24

Total assets

€147k

+16.7% 23-24

Equity

€106k

+28.6% 23-24

Working capital

€84k

+62.7% 23-24

Income taxes

€7k

-66.8% 23-24

Dividends

€859

+7.4% 23-24

Debt

€41k

-5.8% 23-24

Debt ≤ 1y

€40k

-6.0% 23-24

Current ratio

3.12

+40.2% 23-24

Quick ratio

3.12

+40.2% 23-24

Solvency

72.2%

+10.1% 23-24

Debt / equity

0.39

-26.7% 23-24

ROE

23.0%

-76.5% 23-24

ROA

16.6%

-74.1% 23-24

Interest coverage

259.40

-68.5% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€40k	€110k
Net profit	€24k	€81k
Cash flow	€33k	€88k
Staff costs	-	-
Income taxes	€7k	€22k
Dividends	€859	€800
Total assets	€147k	€126k
Equity	€106k	€83k
Debt	€41k	€44k
of which ≤ 1y	€40k	€42k
of which > 1y	-	-
Working capital	€84k	€51k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	3.12	2.22
Quick ratio	3.12	2.22
Working capital ratio	56.7%	40.7%
Solvency	72.2%	65.5%
Debt / equity	0.39	0.53
Long-term debt ratio	-	-
Interest coverage	259.40	822.57
Gross margin	-	-
Net margin	-	-
ROA	16.6%	64.2%
ROE	23.0%	97.9%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €24k · 16.4% Current assets €123k · 83.6%

Equity & liabilities

Equity €106k · 72.2% Debt €41k · 27.8%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€147k	€126k
Fixed assets	21/28	€24k	€33k
Tangible fixed assets	22/27	€24k	€33k
Current assets	29/58	€123k	€93k
Amounts receivable within one year	40/41	€16k	€16k
Cash & bank	54/58	€103k	€78k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€147k	€126k
Equity	10/15	€106k	€83k
Contributions / capital	10/11	€3k	€3k
Reserves	13	€104k	€80k
Accumulated profits (losses)	14	€0	€0
Amounts payable	17/49	€41k	€44k
Amounts payable within one year	42/48	€40k	€42k
Trade debts payable within one year	44	€4k	€3k
Income statement
Gross operating margin	9900	€42k	€112k
Operating result	9901	€32k	€103k
Financial income	75	€0	€0
Financial charges	65	€156	€134
Result before taxes	9903	€32k	€103k
Income taxes	67/77	€7k	€22k
Net result for the period	9904	€24k	€81k
Result to be appropriated	9905	€24k	€81k

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	20-09-2022
Status	Active
Postal code	2381

Establishment units 1 location

Fiveco

Koning Albertstraat 202, 2381 RavelsComputing infrastructure, data processing, hosting and other information service activities

since 20222.336.691.396

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13048D0268/00F000	Flanders	2,991 m²	1 · 369 m²	8.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 2 events

All 3Financial 1Filings 2

2025

11-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €100kEq €106k ▲28.6%

2 profitable years in a row build equity to €106k.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Business and other management consultancy70200Business consulting70220

Names & trade names

Legal nameNL

Fiveco

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