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FIXART

Active
Private limited companyfounded 2024active for 1 yearLeuvensesteenweg 246, 1932 Zaventem, BelgiumKBO/BCE: BE 1017.258.202

Financials · financial year 2025, micro format

2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549505.

Annual accounts 2025 filed on 29-09-2026 at the NBB

Equity
-€3,406
Total assets
€38,934
Net result
-€3,406
Working capital
-€4,656

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
Assets €38,934
Fixed assets €1,250
Current assets €37,684
Equity and liabilities
Equity-€3,406
Debt€42,341
Equity is negative. Debt (€42,341) exceeds the balance-sheet total (€38,934).
Key figures and ratios
2025 value
Solvency
-8.7%
Current ratio
0.89
Quick ratio
0.81
ROA
-8.7%
Debt
€42,341
Debt ≤ 1 year
€42,341
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

Investments

fixed assets acquired
Item2025
Financial fixed assets€1,250

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as FIXART: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €32,400 and €58,300, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
FIXART Zaventem2024€38,934-€3,406-€3,147--€3,4062025
FØMAR Leuven2025€45,019€31,766-€12,392--€13,2342025
BLR SOLUTIONS Awans2024€43,161€41,192-€7,078€44,877-€8,8082025
MDR COATING Farciennes2025€36,346-€6,757-€7,085--€8,7572025
ELIF-IMMO Marche-en-Famenne2024€58,313-€22,424-€22,595--€23,9242025
Stivago Geel2024€32,404€14,736-€611--€1,6292025
DECOTECH EUROPE Schoten2025€56,036-€11,129-€21,129--€21,1292025

They were chosen from the 7,010 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 232 companies had the same profile as FIXART has now. Two years later, 1.7% had gone bankrupt and 96.1% were still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.2% stopped otherwise
96.1% was still going

The bankruptcy probability of FIXART itself is higher: 4.0% within 12 months. It rests on far more data about FIXART than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 232 companies, not a prediction for FIXART. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 31 lines

Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.

Balance sheet Code2025
Assets
Total assets20/58€38,934
Fixed assets21/28€1,250
Financial fixed assets28€1,250
Current assets29/58€37,684
Stocks and contracts in progress3€3,200
Stocks30/36€3,200
Amounts receivable within one year40/41€33,304
Trade receivables40€32,863
Other amounts receivable41€441
Cash at bank and in hand54/58€1,180
Equity and liabilities
Total equity and liabilities10/49€38,934
Equity10/15-€3,406
Profit (loss) carried forward14-€3,406
Amounts payable17/49€42,341
Amounts payable within one year42/48€42,341
Trade debts44€30,485
Suppliers440/4€30,485
Advances received on contracts in progress46€3,600
Taxes, remuneration and social security45€3,559
Taxes450/3€295
Remuneration and social security454/9€3,264
Other amounts payable47/48€4,697
Income statement Code2025
Other operating charges640/8€128
Gross operating margin9900-€3,147
Operating profit (loss)9901-€3,276
Financial charges65/66B€131
Recurring financial charges65€131
Profit (loss) for the period before taxes9903-€3,406
Profit (loss) for the period9904-€3,406
Profit (loss) for the period to be appropriated9905-€3,406
Appropriation of the result
Profit (loss) to be appropriated9906-€3,406

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Other operating charges640/8€128
Gross operating margin9900-€3,147
Operating profit (loss)9901-€3,276
Financial charges65/66B€131
Recurring financial charges65€131
Profit (loss) for the period before taxes9903-€3,406
Profit (loss) for the period9904-€3,406
Profit (loss) for the period to be appropriated9905-€3,406
Line2025
Assets
Total assets20/58€38,934
Fixed assets21/28€1,250
Financial fixed assets28€1,250
Current assets29/58€37,684
Stocks and contracts in progress3€3,200
Stocks30/36€3,200
Amounts receivable within one year40/41€33,304
Trade receivables40€32,863
Other amounts receivable41€441
Cash at bank and in hand54/58€1,180
Equity and liabilities
Total equity and liabilities10/49€38,934
Equity10/15-€3,406
Profit (loss) carried forward14-€3,406
Amounts payable17/49€42,341
Amounts payable within one year42/48€42,341
Trade debts44€30,485
Suppliers440/4€30,485
Advances received on contracts in progress46€3,600
Taxes, remuneration and social security45€3,559
Taxes450/3€295
Remuneration and social security454/9€3,264
Other amounts payable47/48€4,697
Line2025
Profit (loss) for the period9904-€3,406
Operating cash flow (approximation)-€3,406

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 29-09-2026 2026-00549505 NBB

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