FIWAPHI
ActiveSummary
FIWAPHI has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €378k and a net result of €220k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 630 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+9
Solvency70▼-30
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 6.25 in 2024; short-term debt: 54.1% and cash: 0.5% of total assets), but 55.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.5%
Return on assets
25.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
108 d early
2023
7 d early
2022
24 d early
2021
16 d early
2020
16 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€378k▼ 48.1%
2024 · €728k
2018: €512k
2019: €442k
2020: €562k
2021: €689k
2022: €609k
2023: €687k
2024: €728k
2018 → 2025
Total assets
€849k▼ 3.6%
2024 · €881k
2018: €547k
2019: €655k
2020: €597k
2021: €748k
2022: €666k
2023: €805k
2024: €881k
2018 → 2025
Net result
€220k▲ 39.7%
2024 · €158k
2018: €80k
2019: €117k
2020: €120k
2021: €128k
2022: €156k
2023: €148k
2024: €158k
2018 → 2025
Working capital
€390k▼ 47.3%
2024 · €740k
2018: €515k
2019: €429k
2020: €553k
2021: €688k
2022: €612k
2023: €699k
2024: €740k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€689k-€609k▼ 11.7%€687k▲ 12.9%€728k▲ 6.0%€378k▼ 48.1%
Operating result€254k-€196k▼ 22.7%€196k▼ 0.3%€230k▲ 17.5%€287k▲ 24.8%
Net result€128k-€156k▲ 22.4%€148k▼ 5.3%€158k▲ 6.5%€220k▲ 39.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €849k
Equity
€378k ▼ 48.1%
Debt
€471k ▲ 209%
Debt's share of the balance-sheet total rises from 17.3% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.85▼
2024 · 6.25
Debt to equity
1.25▲
2024 · 0.21
ROE
58.3%▲
2024 · 21.7%
ROA
25.9%▲
2024 · 17.9%
Debt ≤ 1 year
€460k▲
2024 · €141k
Income taxes
€103k▲
2024 · €73k
Staff costs
€0▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€881k€849k▼
Current assets29/58€881k€849k▼
Amounts receivable within one year40/41€28k€47k▲
Trade receivables40€25k€47k▲
Other amounts receivable41€2k€0▼
Current investments50/53€798k€798k=
Cash at bank and in hand54/58€55k€4k▼
Equity and liabilities
Total equity and liabilities10/49€881k€849k▼
Equity10/15€728k€378k▼
Contributions10/11€19k€100▼
Reserves13€710k€378k▼
Distributable reserves133€710k€378k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€152k€471k▲
Amounts payable within one year42/48€141k€460k▲
Trade debts44€53€91▲
Suppliers440/4€53€91▲
Taxes, remuneration and social security45€24k€54k▲
Taxes450/3€24k€54k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€117k€406k▲
Accrued charges and deferred income492/3€12k€12k=
Income statement
Code20242025
Remuneration, social security and pensions62€16k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€769€542▼
Gross operating margin9900€246k€287k▲
Operating profit (loss)9901€230k€287k▲
Financial income75/76B€2k€38k▲
Recurring financial income75€2k€38k▲
Financial charges65/66B€1k€829▼
Recurring financial charges65€1k€829▼
Profit (loss) for the period before taxes9903€231k€323k▲
Income taxes67/77€73k€103k▲
Profit (loss) for the period9904€158k€220k▲
Profit (loss) for the period to be appropriated9905€158k€220k▲
Appropriation of the result
Profit (loss) to be appropriated9906€158k€220k▲
Transfer from equity791/2€117k€552k▲
Transfer to equity691/2€158k€220k▲
To other reserves6921€158k€220k▲
Profit to be distributed694/7€117k€552k▲
Return on contributions (dividend)694€117k€552k▲
Social balance
Average headcount (FTE)90870.30.0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €220k ▲39.7%
Operating result €287k, net result €220k, both a record.
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 6current ratio 17.71
Current ratio from 3.04 to 17.71; short-term debt falls from €210k to €33k.
31-12
Financial
Equity above €500kEq €562k ▲27.1%
3 profitable years in a row build equity to €562k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gingelom · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boekhoutstraat 163890 GingelomGround area
2,461 m²
Building footprint
206 m²
Volume, LiDAR
108 m³
Parcel 71007A0148/00T000, Flanders · tallest building 8.4 m. Linked by address, not a title deed.
1 establishment unit
Boekhoutstraat 16, 3890 Gingelom
since 20132.224.171.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71007A0148/00T000 | Flanders | 2,461 m² | 1 · 206 m² | 8.4 m |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300L8EB5D0THLPN36
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Of 4,567 companies in sector 74999 we hold annual accounts for 1,938. 1,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.