FLUIDITY
ActiveSummary
FLUIDITY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.8m and a net result of -€158,702. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 409 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-2
Solvency81▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900,000 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.34 in 2024; short-term debt: 23.6% and cash: 0.5% of total assets), and 44.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
55.9%
Return on assets
-0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
42 d early
2023
14 d late
2022
11 d early
2021
20 d early
2020
45 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 11 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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Ukkel, Manufacturing sector#1 company by equity in Ukkel, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€158,702
2024 · €169,670
Working capital
-€2.4m▲ 36.0%
2024 · -€3.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1.1m€2.2m▲ 94.6%€898,788▼ 58.8%€344,112▼ 61.7%€64,133▼ 81.4%
Net result€709,102within the sector's middle half▲ 66.4%€1.5mabove the sector's middle half▲ 111%€576,641within the sector's middle half▼ 61.4%€169,670within the sector's middle half▼ 70.6%-€158,702below the sector's middle half
Equity€11.7mabove the sector's middle half▲ 6.4%€13.2mabove the sector's middle half▲ 12.7%€13.8mabove the sector's middle half▲ 4.3%€14.0mabove the sector's middle half▲ 1.2%€13.8mabove the sector's middle half▼ 1.1%
Total assets€19.2mabove the sector's middle half▼ 6.5%€24.0mabove the sector's middle half▲ 25.3%€25.9mabove the sector's middle half▲ 7.9%€25.4mabove the sector's middle half▼ 2.2%€24.7mabove the sector's middle half▼ 2.6%
Debt€7.3m▼ 21.7%€10.7m▲ 45.7%€12.0m▲ 12.3%€11.3m▼ 6.1%€10.8m▼ 4.3%
Working capital-€805,824below the sector's middle half-€2.1mbelow the sector's middle half▼ 166%-€4.0mbelow the sector's middle half▼ 87.0%-€3.8mbelow the sector's middle half▲ 4.6%-€2.4mbelow the sector's middle half▲ 36.0%
Solvency61.2%above the sector's middle half▲ 7.4pp55.1%within the sector's middle half▼ 6.1pp53.3%within the sector's middle half▼ 1.8pp55.1%within the sector's middle half▲ 1.9pp55.9%within the sector's middle half▲ 0.8pp
Current ratio0.73below the sector's middle half▼ 0.450.43below the sector's middle half▼ 0.300.32below the sector's middle half▼ 0.120.34below the sector's middle half▲ 0.020.58below the sector's middle half▲ 0.24
Return on assets (ROA)3.7%within the sector's middle half▲ 1.6pp6.2%within the sector's middle half▲ 2.5pp2.2%within the sector's middle half▼ 4.0pp0.7%within the sector's middle half▼ 1.6pp-0.6%below the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24.7m
Fixed assets
€21.3m ▼ 8.9%
Current assets
€3.4m ▲ 74.5%
Equity and liabilities €24.7m
Equity
€13.8m ▼ 1.1%
Provisions
€82,976 ▼ 3.9%
Debt
€10.8m ▼ 4.3%
Debt's share of the balance-sheet total falls from 44.5% to 43.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.0m▼
2024 · €1.4m
Cash flow
€823,383▼
2024 · €1.2m
Debt to equity
0.78▼
2024 · 0.81
ROE
-1.1%▼
2024 · 1.2%
Interest coverage
6.14▼
2024 · 11.96
Debt ≤ 1 year
€5.8m▲
2024 · €5.8m
Debt > 1 year
€5.0m▼
2024 · €5.5m
Income taxes
€98,627▲
2024 · €69,611
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 246 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 90% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.2%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
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%.
| 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 246 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 | - | - | - | - | €25,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €705,589 | €744,928 | €971,765 | €1.0m | €982,085 | ▼ 5.1% |
| Other operating charges640/8 | €41,538 | €652,406 | €49,917 | €61,033 | €281,233 | ▲ 361% |
| Non-recurring operating charges66A | - | - | €7,808 | - | €24,874 | - |
| Gross operating margin9900 | €1.9m | €3.6m | €1.9m | €1.4m | €1.4m | ▼ 6.1% |
| Operating profit (loss)9901 | €1.1m | €2.2m | €898,788 | €344,112 | €64,133 | ▼ 81.4% |
| Financial income75/76B | €14,134 | €3,135 | €15,637 | €7,096 | €42,870 | ▲ 504% |
| Recurring financial income75 | €440 | €3,135 | €15,637 | €7,096 | €42,870 | ▲ 504% |
| Non-recurring financial income76B | €13,694 | - | - | - | - | - |
| Financial charges65/66B | €142,928 | €137,635 | €115,998 | €115,335 | €170,485 | ▲ 47.8% |
| Recurring financial charges65 | €142,928 | €137,635 | €115,998 | €115,335 | €170,485 | ▲ 47.8% |
| Profit (loss) for the period before taxes9903 | €992,006 | €2.0m | €798,427 | €235,874 | -€63,482 | ▼ 127% |
| Transfer from deferred taxes780 | €2,193 | €4,620 | €3,407 | €3,407 | €3,407 | = |
| Income taxes67/77 | €285,097 | €556,125 | €225,193 | €69,611 | €98,627 | ▲ 41.7% |
| Profit (loss) for the period9904 | €709,102 | €1.5m | €576,641 | €169,670 | -€158,702 | ▼ 194% |
| Transfer from tax-exempt reserves789 | €6,580 | €13,860 | €10,220 | €10,220 | €10,220 | = |
| Profit (loss) for the period to be appropriated9905 | €715,682 | €1.5m | €586,861 | €179,891 | -€148,482 | ▼ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.2m | €24.0m | €25.9m | €25.4m | €24.7m | ▼ 2.6% |
| Fixed assets21/28 | €17.0m | €22.4m | €24.1m | €23.4m | €21.3m | ▼ 8.9% |
| Tangible fixed assets22/27 | €15.5m | €20.8m | €21.7m | €21.0m | €19.0m | ▼ 9.4% |
| Land and buildings22 | €13.3m | €16.3m | €15.9m | €15.5m | €14.0m | ▼ 9.7% |
| Plant, machinery and equipment23 | €1.5m | €2.7m | €3.7m | €3.5m | €2.9m | ▼ 16.7% |
| Furniture and vehicles24 | €416,775 | €401,721 | €646,390 | €637,377 | €749,385 | ▲ 17.6% |
| Other tangible fixed assets26 | €250,000 | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Financial fixed assets28 | €1.5m | €1.6m | €2.4m | €2.4m | €2.3m | ▼ 5.0% |
| Current assets29/58 | €2.2m | €1.6m | €1.9m | €1.9m | €3.4m | ▲ 74.5% |
| Amounts receivable within one year40/41 | €1.9m | €1.4m | €1.8m | €1.7m | €3.2m | ▲ 84.8% |
| Trade receivables40 | €657,386 | €547,372 | €725,166 | €969,235 | €1.2m | ▲ 19.8% |
| Other amounts receivable41 | €1.3m | €848,886 | €1.1m | €771,074 | €2.1m | ▲ 167% |
| Cash at bank and in hand54/58 | €239,520 | €225,740 | €33,069 | €170,490 | €133,070 | ▼ 21.9% |
| Deferred charges and accrued income490/1 | €11,899 | €13,286 | €21,021 | €20,970 | €21,512 | ▲ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.2m | €24.0m | €25.9m | €25.4m | €24.7m | ▼ 2.6% |
| Equity10/15 | €11.7m | €13.2m | €13.8m | €14.0m | €13.8m | ▼ 1.1% |
| Contributions10/11 | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Reserves13 | €893,449 | €879,588 | €869,368 | €859,148 | €848,927 | ▼ 1.2% |
| Non-distributable reserves130/1 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Reserves not available under the articles1311 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Tax-exempt reserves132 | €293,449 | €279,588 | €269,368 | €259,148 | €248,927 | ▼ 3.9% |
| Profit (loss) carried forward14 | €843,855 | €2.4m | €2.9m | €3.1m | €3.0m | ▼ 4.8% |
| Provisions and deferred taxes16 | €97,816 | €93,196 | €89,789 | €86,383 | €82,976 | ▼ 3.9% |
| Deferred taxes168 | €97,816 | €93,196 | €89,789 | €86,383 | €82,976 | ▼ 3.9% |
| Amounts payable17/49 | €7.3m | €10.7m | €12.0m | €11.3m | €10.8m | ▼ 4.3% |
| Amounts payable after more than one year17 | €4.4m | €6.9m | €6.2m | €5.5m | €5.0m | ▼ 10.1% |
| Financial debts170/4 | €4.4m | €6.9m | €6.2m | €5.5m | €5.0m | ▼ 10.1% |
| Amounts payable within one year42/48 | €3.0m | €3.8m | €5.9m | €5.8m | €5.8m | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | €557,398 | €787,163 | €772,414 | €640,640 | €557,479 | ▼ 13.0% |
| Trade debts44 | €566,654 | €538,779 | €588,074 | €3,100 | - | - |
| Suppliers440/4 | €566,654 | €538,779 | €588,074 | €3,100 | - | - |
| Taxes, remuneration and social security45 | €286,877 | €878,713 | €247,757 | €326,889 | €20,913 | ▼ 93.6% |
| Taxes450/3 | €286,877 | €878,713 | €247,757 | €326,889 | €20,913 | ▼ 93.6% |
| Other amounts payable47/48 | €1.6m | €1.6m | €4.3m | €4.8m | €5.2m | ▲ 9.5% |
| Accrued charges and deferred income492/3 | - | €2,533 | - | €19,398 | €28,886 | ▲ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €709,102 | €1.5m | €576,641 | €169,670 | -€158,702 | ▼ 194% |
| + Depreciation and write-downs630 | €705,589 | €744,928 | €971,765 | €1.0m | €982,085 | ▼ 5.1% |
| Operating cash flow (approximation) | €1.4m | €2.2m | €1.5m | €1.2m | €823,383 | ▼ 31.6% |
| Investment in fixed assets (approximation) | - | -€6.1m | -€2.6m | -€387,762 | €1.1m | ▲ 385% |
| Change in cash | - | -€13,780 | -€192,670 | €137,421 | -€37,421 | ▼ 127% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
03-08
State Gazette act
Resignation: Alain ZIEGLER (director)Appointment: Hélène Ziegler (director) · Power of attorney5 facts ▸
State Gazette act
Resignation: Alain ZIEGLER (director)
Appointment: Hélène Ziegler (director) · Power of attorney5 facts ▸
- General meeting, 26-06-2026
- Director resignation, Alain ZIEGLER (director)
- Director appointment, Hélène Ziegler (director)
- Power of attorney, Adriaan DE LEEUW
- Power of attorney
2025
31-12
Financial
Weakest financial yearnet -€158,702
Net result drops to -€158,702, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.5m ▲111%
Operating result €2.2m, net result €1.5m, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.47
Current ratio from 0.73 to 1.47; short-term debt falls from €3.5m to €741,409.
31-12
Financial
Equity above €10mEq €10.6m ▲43%
2 profitable years in a row build equity to €10.6m.
Show earlier events
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Hélène Ziegler
CurrentDirector · since 03-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2007
Ground area
1,597 m²
Building footprint
260 m²
Volume, LiDAR
1,951 m³
Parcel 21612C0056/02Y078, Brussels · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
FLUIDITY
since 20072.163.543.329
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0056/02Y078 | Brussels | 1,597 m² | 1 · 260 m² | 11.5 m · 3 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Hélène Ziegler |
|
| Alain ZIEGLER |
|
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
50%
-
42.99%
According to the 2025 annual accounts of FLUIDITY and those 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
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Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
28120Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889394582
Also
9925:BE0889394582
Registered
10-02-2026
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.