FLUIDITY
ActiveSummary
FLUIDITY has been active since 2007 and the Belgian Official 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 about 6.3% per year across the filed financial years. Its solvency ranks better than 65% of 477 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €13.8m
- Loss
- -€158,702
Why 95raises riskLiquidity: current ratio 0.58, cash €133,070lowers riskSize: total assets €24.7mFounded in 2007Figures for financial year 2025 (filed 13-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, medium-sized): better than 75% on solvency, 59% on liquidity, 63% on profitability and 34% on growth.
The bankruptcy probability was computed on 18-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 20 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Alain ZIEGLER (director)Appointment: Hélène Ziegler (director) ·…
- Weakest financial yearnet -€158,702
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00396377.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 81% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
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 89.8% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.03m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €1.0m | €0.6m | €0.7m | €0.7m | €1.0m | €1.0m | €1.0m | ▼ 5.1% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.7m | €0.05m | €0.06m | €0.3m | ▲ 361% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.008m | - | €0.02m | - |
| Gross operating margin9900 | €0.8m | €1.0m | €0.9m | €1.9m | €3.6m | €1.9m | €1.4m | €1.4m | ▼ 6.1% |
| Operating profit (loss)9901 | €0.1m | -€0.03m | -€0.08m | €1.1m | €2.2m | €0.9m | €0.3m | €0.06m | ▼ 81.4% |
| Financial income75/76B | - | - | - | €0.01m | €0.003m | €0.02m | €0.007m | €0.04m | ▲ 504% |
| Recurring financial income75 | €0.2m | €0.1m | €0.7m | €440 | €0.003m | €0.02m | €0.007m | €0.04m | ▲ 504% |
| Non-recurring financial income76B | - | - | - | €0.01m | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 47.8% |
| Recurring financial charges65 | €0.1m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 47.8% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.002m | €0.5m | €1.0m | €2.0m | €0.8m | €0.2m | -€0.06m | - |
| Transfer from deferred taxes780 | - | - | - | €0.002m | €0.005m | €0.003m | €0.003m | €0.003m | = |
| Income taxes67/77 | €0.006m | €309 | €0.01m | €0.3m | €0.6m | €0.2m | €0.07m | €0.1m | ▲ 41.7% |
| Profit (loss) for the period9904 | €0.2m | €0.002m | €0.4m | €0.7m | €1.5m | €0.6m | €0.2m | -€0.2m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.007m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.002m | €0.1m | €0.7m | €1.5m | €0.6m | €0.2m | -€0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €13.5m | €16.3m | €20.5m | €19.2m | €24.0m | €25.9m | €25.4m | €24.7m | ▼ 2.6% |
| Fixed assets21/28 | €10.9m | €15.2m | €17.0m | €17.0m | €22.4m | €24.1m | €23.4m | €21.3m | ▼ 8.9% |
| Tangible fixed assets22/27 | €9.3m | €13.6m | €15.5m | €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 | - | - | - | €0.4m | €0.4m | €0.6m | €0.6m | €0.7m | ▲ 17.6% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Financial fixed assets28 | €1.6m | €1.6m | €1.5m | €1.5m | €1.6m | €2.4m | €2.4m | €2.3m | ▼ 5.0% |
| Current assets29/58 | €2.6m | €1.1m | €3.5m | €2.2m | €1.6m | €1.9m | €1.9m | €3.4m | ▲ 74.5% |
| Amounts receivable within one year40/41 | €1.3m | €0.5m | €0.7m | €1.9m | €1.4m | €1.8m | €1.7m | €3.2m | ▲ 84.8% |
| Trade receivables40 | - | - | - | €0.7m | €0.5m | €0.7m | €1.0m | €1.2m | ▲ 19.8% |
| Other amounts receivable41 | - | - | - | €1.3m | €0.8m | €1.1m | €0.8m | €2.1m | ▲ 167% |
| Cash at bank and in hand54/58 | €1.2m | €0.6m | €2.8m | €0.2m | €0.2m | €0.03m | €0.2m | €0.1m | ▼ 21.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 2.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €13.5m | €16.3m | €20.5m | €19.2m | €24.0m | €25.9m | €25.4m | €24.7m | ▼ 2.6% |
| Equity10/15 | €7.4m | €10.6m | €11.0m | €11.7m | €13.2m | €13.8m | €14.0m | €13.8m | ▼ 1.1% |
| Contributions10/11 | €6.0m | €10.0m | - | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Reserves13 | €0.6m | €0.6m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.8m | ▼ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves not available under the articles1311 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 3.9% |
| Profit (loss) carried forward14 | €0.8m | €0.002m | €0.1m | €0.8m | €2.4m | €2.9m | €3.1m | €3.0m | ▼ 4.8% |
| Provisions and deferred taxes16 | - | - | €0.1m | €0.1m | €0.09m | €0.09m | €0.09m | €0.08m | ▼ 3.9% |
| Deferred taxes168 | - | - | - | €0.1m | €0.09m | €0.09m | €0.09m | €0.08m | ▼ 3.9% |
| Amounts payable17/49 | €6.0m | €5.7m | €9.4m | €7.3m | €10.7m | €12.0m | €11.3m | €10.8m | ▼ 4.3% |
| Amounts payable after more than one year17 | €2.5m | €4.9m | €6.4m | €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 | €3.5m | €0.7m | €3.0m | €3.0m | €3.8m | €5.9m | €5.8m | €5.8m | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.8m | €0.8m | €0.6m | €0.6m | ▼ 13.0% |
| Trade debts44 | €2.6m | €0.05m | €0.9m | €0.6m | €0.5m | €0.6m | €0.003m | - | - |
| Suppliers440/4 | - | - | - | €0.6m | €0.5m | €0.6m | €0.003m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.9m | €0.2m | €0.3m | €0.02m | ▼ 93.6% |
| Taxes450/3 | - | - | - | €0.3m | €0.9m | €0.2m | €0.3m | €0.02m | ▼ 93.6% |
| Other amounts payable47/48 | - | - | - | €1.6m | €1.6m | €4.3m | €4.8m | €5.2m | ▲ 9.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.003m | - | €0.02m | €0.03m | ▲ 48.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.002m | €0.4m | €0.7m | €1.5m | €0.6m | €0.2m | -€0.2m | - |
| + Depreciation and write-downs630 | €0.5m | €1.0m | €0.6m | €0.7m | €0.7m | €1.0m | €1.0m | €1.0m | ▼ 5.1% |
| Operating cash flow (approximation) | €0.6m | €1.0m | €1.0m | €1.4m | €2.2m | €1.5m | €1.2m | €0.8m | ▼ 31.6% |
| Investment in fixed assets (approximation) | - | -€5.3m | -€2.4m | -€0.7m | -€6.1m | -€2.6m | -€0.4m | €1.1m | - |
| Change in cash | - | -€0.6m | €2.2m | -€2.6m | -€0.01m | -€0.2m | €0.1m | -€0.04m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-08-2026 | 2026-00396377 |
| 31-12-2024 | full format | 19-06-2025 | 2025-00152333 |
| 31-12-2023 | full format | 14-08-2024 | 2024-00344545 |
| 31-12-2022 | full format | 20-07-2023 | 2023-00252996 |
| 31-12-2021 | full format | 11-07-2022 | 2022-20168122 |
| 31-12-2020 | full format | 16-06-2021 | 2021-20700501 |
| 31-12-2019 | full format | 11-06-2020 | 2020-16300566 |
| 31-12-2018 | full format | 13-06-2019 | 2019-18100102 |
| 31-12-2017 | full format | 20-07-2018 | 2018-36100325 |
| 31-12-2016 | full format | 15-06-2017 | 2017-18100110 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Hélène Ziegler |
|
| Alain ZIEGLER |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- Fluidity NederlandNLsubsidiaryEquity €842,393Result €43,993100%
- Equity €571,385Result €82,91650%
- Equity €837,363Result €3,04042.99%
According to the 2025 annual accounts of FLUIDITY and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-08
Gazette deed
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
24-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal form clause · Capital conversion · Capital6 facts ▸
- Legal form clause, “forme la plus rapprochée de la forme actuelle, société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Board composition, Alain ZIEGLER (director)
- Power of attorney
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21612C0056/02Y078 | Brussels | 1,597 m² | 1 · 260 m² | 11.5 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FLUIDITY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, pour autant que sans changement régime linguistique applicable” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Durée fixée par assemblée,sans limitation à défaut, 1” (deed in French)“Frais généraux,indépendamment frais représentation,voyages et déplacements, assemblée générale” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre actions nominatives avec mentions requises Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions, portés à connaissance par courrier électronique ou courrier ordinaire pour personnes…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 14:30
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, administrateurs en fonction” (deed in French)