FixForm
ActiveSummary
The annual accounts of FixForm for fiscal year 2025 show a net loss of 83% of total assets and of 98% of the equity at the start of that year. The 2025 annual accounts show equity of €6,908 and a net result of -€394,055. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 524 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency26▼-41
Growth52=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.04 against 6.34 in 2024; short-term debt: 38.3% and cash: 45.2% of total assets), but 98.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.5%
Return on assets
-83.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€394,055
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 524 sector peers (2025).
NBB · sector comparisonPosition among 524 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 5 filingsDeviation from the deadline
2025
18 d late
2024
18 d late
2023
29 d early
2022
25 d early
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€6,908▼ 98.3%
2024 · €400,964
Total assets
€473,142▼ 50.2%
2024 · €949,640
Net result
-€394,055▲ 21.8%
2024 · -€503,613
Working capital
€189,189▼ 75.9%
2024 · €783,494
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
Line20212022202320242025
Operating result-€227,854--€225,731▲ 0.9%-€150,029▲ 33.5%-€489,365▼ 226%-€376,928▲ 23.0%
Net result-€228,491--€237,098▼ 3.8%-€154,554▲ 34.8%-€503,613▼ 226%-€394,055▲ 21.8%
Equity-€22,347-€156,627€13,466▼ 91.4%€400,964▲ 2,878%€6,908▼ 98.3%
Total assets€175,466-€199,069▲ 13.5%€249,778▲ 25.5%€949,640▲ 280%€473,142▼ 50.2%
Debt€197,813-€42,443▼ 78.5%€236,312▲ 457%€548,677▲ 132%€466,234▼ 15.0%
Working capital€137,169-€162,910▲ 18.8%€215,204▲ 32.1%€783,494▲ 264%€189,189▼ 75.9%
Staff (FTE)1.2-2.7▲ 125%2.4▼ 11.1%5.7▲ 138%7.3▲ 28.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €376,928 in 2025 against €489,365 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €473,142
Fixed assets
€102,823 ▲ 433%
Current assets
€370,319 ▼ 60.2%
Equity and liabilities €473,142
Equity
€6,908 ▼ 98.3%
Debt
€466,234 ▼ 15.0%
Debt's share of the balance-sheet total rises from 57.8% to 98.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€366,237▲
2024 · -€482,044
Cash flow
-€383,365▲
2024 · -€496,293
Current ratio
2.04▼
2024 · 6.34
Debt to equity
67.49▲
2024 · 1.37
ROA
-83.3%▼
2024 · -53.0%
Interest coverage
-17.66▲
2024 · -30.24
Debt ≤ 1 year
€181,129▲
2024 · €146,850
Debt > 1 year
€285,078▼
2024 · €396,948
Income taxes
€139▼
2024 · €322
Staff costs
€481,570▲
2024 · €349,993
A ratio outside any meaningful range has been withheld (balance sheet total €473,142, equity €6,908).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.7%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 646 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €157 | - |
| Remuneration, social security and pensions62 | €71,103 | €160,465 | €139,932 | €349,993 | €481,570 | ▲ 37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,289 | €3,500 | €4,410 | €7,320 | €10,690 | ▲ 46.0% |
| Other operating charges640/8 | €645 | €1,951 | €1,229 | €816 | €1,216 | ▲ 49.0% |
| Gross operating margin9900 | -€153,816 | -€59,814 | -€4,459 | -€131,235 | €116,548 | ▲ 189% |
| Operating profit (loss)9901 | -€227,854 | -€225,731 | -€150,029 | -€489,365 | -€376,928 | ▲ 23.0% |
| Financial income75/76B | €11 | - | €1 | €2,015 | €3,750 | ▲ 86.1% |
| Recurring financial income75 | €11 | - | €1 | €2,015 | €3,750 | ▲ 86.1% |
| Financial charges65/66B | €520 | €11,032 | €4,223 | €15,941 | €20,738 | ▲ 30.1% |
| Recurring financial charges65 | €520 | €11,032 | €4,223 | €15,941 | €20,738 | ▲ 30.1% |
| Profit (loss) for the period before taxes9903 | -€228,364 | -€236,763 | -€154,252 | -€503,291 | -€393,916 | ▲ 21.7% |
| Income taxes67/77 | €127 | €335 | €302 | €322 | €139 | ▼ 56.8% |
| Profit (loss) for the period9904 | -€228,491 | -€237,098 | -€154,554 | -€503,613 | -€394,055 | ▲ 21.8% |
| Profit (loss) for the period to be appropriated9905 | -€228,491 | -€237,098 | -€154,554 | -€503,613 | -€394,055 | ▲ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175,466 | €199,069 | €249,778 | €949,640 | €473,142 | ▼ 50.2% |
| Fixed assets21/28 | €15,490 | €13,194 | €15,670 | €19,297 | €102,823 | ▲ 433% |
| Intangible fixed assets21 | €7,179 | €5,350 | €3,522 | €1,693 | €73,257 | ▲ 4,226% |
| Tangible fixed assets22/27 | €3,811 | €3,344 | €7,648 | €17,228 | €29,366 | ▲ 70.5% |
| Plant, machinery and equipment23 | €3,811 | €3,344 | €7,648 | €16,795 | €15,342 | ▼ 8.7% |
| Furniture and vehicles24 | - | - | - | €433 | €14,024 | ▲ 3,135% |
| Financial fixed assets28 | €4,500 | €4,500 | €4,500 | €375 | €200 | ▼ 46.7% |
| Current assets29/58 | €159,976 | €185,876 | €234,108 | €930,344 | €370,319 | ▼ 60.2% |
| Amounts receivable within one year40/41 | €69,075 | €46,449 | €39,427 | €209,454 | €149,449 | ▼ 28.6% |
| Trade receivables40 | €57,863 | €38,924 | €39,427 | €209,454 | €146,096 | ▼ 30.2% |
| Other amounts receivable41 | €11,212 | €7,525 | - | - | €3,353 | - |
| Cash at bank and in hand54/58 | €90,902 | €138,564 | €189,169 | €705,577 | €214,059 | ▼ 69.7% |
| Deferred charges and accrued income490/1 | - | €863 | €5,512 | €15,313 | €6,811 | ▼ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175,466 | €199,069 | €249,778 | €949,640 | €473,142 | ▼ 50.2% |
| Equity10/15 | -€22,347 | €156,627 | €13,466 | €400,964 | €6,908 | ▼ 98.3% |
| Contributions10/11 | €206,144 | €622,216 | €633,609 | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | -€228,491 | -€465,589 | -€620,143 | -€1.1m | -€1.5m | ▼ 35.1% |
| Amounts payable17/49 | €197,813 | €42,443 | €236,312 | €548,677 | €466,234 | ▼ 15.0% |
| Amounts payable after more than one year17 | €175,000 | - | €216,263 | €396,948 | €285,078 | ▼ 28.2% |
| Financial debts170/4 | €175,000 | - | €216,263 | €396,948 | €285,078 | ▼ 28.2% |
| Amounts payable within one year42/48 | €22,807 | €22,966 | €18,904 | €146,850 | €181,129 | ▲ 23.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,052 | €117,684 | ▲ 320% |
| Trade debts44 | €6,539 | €5,907 | €8,333 | €38,341 | €19,241 | ▼ 49.8% |
| Suppliers440/4 | €6,539 | €5,907 | €8,333 | €38,341 | €19,241 | ▼ 49.8% |
| Advances received on contracts in progress46 | €11,111 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €5,158 | €17,058 | €10,571 | €80,457 | €44,204 | ▼ 45.1% |
| Taxes450/3 | €493 | €381 | €532 | €17,623 | €13,932 | ▼ 20.9% |
| Remuneration and social security454/9 | €4,665 | €16,677 | €10,040 | €62,834 | €30,272 | ▼ 51.8% |
| Accrued charges and deferred income492/3 | €6 | €19,477 | €1,145 | €4,878 | €26 | ▼ 99.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€228,491 | -€237,098 | -€154,554 | -€503,613 | -€394,055 | ▲ 21.8% |
| + Depreciation and write-downs630 | €2,289 | €3,500 | €4,410 | €7,320 | €10,690 | ▲ 46.0% |
| Operating cash flow (approximation) | -€226,202 | -€233,598 | -€150,144 | -€496,293 | -€383,365 | ▲ 22.8% |
| Investment in fixed assets (approximation) | - | -€1,204 | -€6,886 | -€10,947 | -€94,217 | ▼ 761% |
| Change in cash | - | €47,663 | €50,605 | €516,407 | -€491,518 | ▼ 195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet -€503,613
Net result drops to -€503,613, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €400,964 ▲2,878%
Equity rises from €13,466 to €400,964.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €156,627
Equity rises from -€22,347 to €156,627.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Tienen · 1 establishment unit since 2020
Ground area
2.4 ha
Building footprint
1.7 ha
Volume, LiDAR
69,512 m³
2 parcels, Flanders · tallest building 23.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FixForm
since 20202.310.689.260
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2735/00X002 | Flanders | 2.2 ha | 1 · 1.6 ha | 23.8 m |
| 24081H0145/00E000 | Flanders | 1,878 m² | 1 · 175 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
13.18%
-
3.28%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 13 entries · 694,595 EUR awarded · 413,868 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 457,606 EUR | 203,379 EUR |
| 2024 | 3 | 9,191 EUR | 11,085 EUR |
| 2023 | 3 | 53,098 EUR | 65,404 EUR |
| 2022 | 4 | 174,700 EUR | 134,000 EUR |
Similar companies · same sector, comparable size
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Of 1,177 companies in sector 72109 we hold annual accounts for 714. 149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
72109Other research and development on natural sciences
61200Telecommunications resale and intermediation services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758857130
Also
9925:BE0758857130
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.