FLUIDSYSTEME
ActiveSummary
FLUIDSYSTEME has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,624 and a net result of €6,992. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-13
Solvency98▼-1
Growth70=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 3.37 against 4.22 in 2024; short-term debt: 27.4% and cash: 45.6% of total assets), and 27.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d late
2023
148 d early
2022
2 d early
2021
2 d early
2020
1 d early
2019
44 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 28 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€205,271▲ 4.7%
2021 · €195,979
EBIT margin
15.2%▼ 3.1pp
2021 · 18.3%
Net result
€6,992▼ 39.2%
2024 · €11,500
Working capital
€56,034▲ 12.3%
2024 · €49,891
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Turnover€195,979▼ 24.9%€205,271▲ 4.7%
Operating result€35,894▲ 19.0%€31,164▼ 13.2%€29,829▼ 4.3%€41,044▲ 37.6%€48,181▲ 17.4%
Net result€11,781within the sector's middle half▼ 48.4%-€6,923below the sector's middle half€21,303within the sector's middle half€11,500within the sector's middle half▼ 46.0%€6,992within the sector's middle half▼ 39.2%
EBIT margin18.3%▲ 6.8pp15.2%▼ 3.1pp
Equity€29,752within the sector's middle half▲ 65.6%€22,829within the sector's middle half▼ 23.3%€44,132within the sector's middle half▲ 93.3%€55,631within the sector's middle half▲ 26.1%€62,624within the sector's middle half▲ 12.6%
Total assets€81,889within the sector's middle half▲ 21.4%€54,646below the sector's middle half▼ 33.3%€75,033within the sector's middle half▲ 37.3%€74,877within the sector's middle half▼ 0.2%€86,231within the sector's middle half▲ 15.2%
Debt€52,137▲ 5.3%€31,817▼ 39.0%€30,901▼ 2.9%€19,246▼ 37.7%€23,607▲ 22.7%
Working capital€15,646within the sector's middle half▲ 126%€17,529within the sector's middle half▲ 12.0%€37,248within the sector's middle half▲ 112%€49,891within the sector's middle half▲ 33.9%€56,034within the sector's middle half▲ 12.3%
Solvency36.3%within the sector's middle half▲ 9.7pp41.8%within the sector's middle half▲ 5.4pp58.8%within the sector's middle half▲ 17.0pp74.3%above the sector's middle half▲ 15.5pp72.6%above the sector's middle half▼ 1.7pp
Current ratio1.72within the sector's middle half▲ 0.461.88within the sector's middle half▲ 0.162.62within the sector's middle half▲ 0.744.22above the sector's middle half▲ 1.613.37within the sector's middle half▼ 0.85
Return on assets (ROA)14.4%within the sector's middle half▼ 19.5pp-12.7%below the sector's middle half▼ 27.1pp28.4%above the sector's middle half▲ 41.1pp15.4%within the sector's middle half▼ 13.0pp8.1%within the sector's middle half▼ 7.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro 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 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,231
Fixed assets
€6,589 ▼ 30.7%
Current assets
€79,642 ▲ 21.8%
Equity and liabilities €86,231
Equity
€62,624 ▲ 12.6%
Debt
€23,607 ▲ 22.7%
Debt's share of the balance-sheet total rises from 25.7% to 27.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53,443▲
2024 · €46,272
Cash flow
€12,254▼
2024 · €16,728
Debt to equity
0.38▲
2024 · 0.35
ROE
11.2%▼
2024 · 20.7%
Interest coverage
1.41▼
2024 · 1.89
Debt ≤ 1 year
€23,607▲
2024 · €15,471
Debt > 1 year
€0▼
2024 · €3,774
Income taxes
€3,256▼
2024 · €5,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,662 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 34,679 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €195,979 | €205,271 | - | - | - | - |
| Non-recurring operating income76A | - | €471 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €182,963 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,440 | €4,712 | €4,738 | €5,228 | €5,262 | ▲ 0.6% |
| Other operating charges640/8 | - | €219 | €2,826 | €472 | €638 | ▲ 35.1% |
| Non-recurring operating charges66A | - | €1 | - | - | €514 | - |
| Gross operating margin9900 | €43,840 | €36,097 | €37,394 | €46,744 | €54,594 | ▲ 16.8% |
| Operating profit (loss)9901 | €35,894 | €31,164 | €29,829 | €41,044 | €48,181 | ▲ 17.4% |
| Financial income75/76B | - | €113 | €152 | €2 | €1 | ▼ 63.2% |
| Recurring financial income75 | - | €113 | €152 | €2 | €1 | ▼ 63.2% |
| Financial charges65/66B | - | €38,122 | €1,311 | €24,511 | €37,933 | ▲ 54.8% |
| Recurring financial charges65 | €23,502 | €32,084 | €1,311 | €24,511 | €37,933 | ▲ 54.8% |
| Non-recurring financial charges66B | - | €6,038 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €16,412 | -€6,844 | €28,670 | €16,535 | €10,248 | ▼ 38.0% |
| Income taxes67/77 | €4,632 | €78 | €7,367 | €5,036 | €3,256 | ▼ 35.3% |
| Profit (loss) for the period9904 | €11,781 | -€6,923 | €21,303 | €11,500 | €6,992 | ▼ 39.2% |
| Profit (loss) for the period to be appropriated9905 | €11,781 | -€6,923 | €21,303 | €11,500 | €6,992 | ▼ 39.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,889 | €54,646 | €75,033 | €74,877 | €86,231 | ▲ 15.2% |
| Fixed assets21/28 | €44,490 | €17,211 | €14,743 | €9,515 | €6,589 | ▼ 30.7% |
| Tangible fixed assets22/27 | €44,490 | €17,211 | €14,743 | €9,515 | €6,589 | ▼ 30.7% |
| Plant, machinery and equipment23 | - | - | €1,273 | €948 | €624 | ▼ 34.2% |
| Furniture and vehicles24 | - | €17,211 | €13,470 | €8,566 | €5,966 | ▼ 30.4% |
| Other tangible fixed assets26 | - | - | €0 | €0 | - | - |
| Current assets29/58 | €37,399 | €37,435 | €60,290 | €65,362 | €79,642 | ▲ 21.8% |
| Amounts receivable within one year40/41 | €15,269 | €11,853 | €10,022 | €7,316 | €36,921 | ▲ 405% |
| Trade receivables40 | - | €4,483 | €4,037 | €2,728 | €28,795 | ▲ 956% |
| Other amounts receivable41 | - | €7,370 | €5,985 | €4,588 | €8,125 | ▲ 77.1% |
| Cash at bank and in hand54/58 | €21,120 | €22,705 | €46,772 | €17,553 | €39,281 | ▲ 124% |
| Deferred charges and accrued income490/1 | - | €2,878 | €3,495 | €40,493 | €3,440 | ▼ 91.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,889 | €54,646 | €75,033 | €74,877 | €86,231 | ▲ 15.2% |
| Equity10/15 | €29,752 | €22,829 | €44,132 | €55,631 | €62,624 | ▲ 12.6% |
| Contributions10/11 | - | €15,200 | €15,200 | €15,200 | €15,200 | = |
| Reserves13 | - | - | €21,000 | €40,431 | €47,424 | ▲ 17.3% |
| Distributable reserves133 | - | - | €21,000 | €40,431 | €47,424 | ▲ 17.3% |
| Profit (loss) carried forward14 | €14,552 | €7,629 | €7,932 | €0 | - | - |
| Amounts payable17/49 | €52,137 | €31,817 | €30,901 | €19,246 | €23,607 | ▲ 22.7% |
| Amounts payable after more than one year17 | €30,384 | €11,912 | €7,860 | €3,774 | €0 | ▼ 100% |
| Financial debts170/4 | - | €11,912 | €7,860 | €3,774 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €21,753 | €19,906 | €23,041 | €15,471 | €23,607 | ▲ 52.6% |
| Current portion of amounts payable after more than one year42 | - | €4,313 | €4,052 | €4,085 | €4,157 | ▲ 1.8% |
| Financial debts43 | - | - | €267 | €297 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €267 | €297 | €0 | ▼ 100% |
| Trade debts44 | €9,999 | €9,056 | €10,029 | €6,626 | €11,391 | ▲ 71.9% |
| Suppliers440/4 | - | €9,056 | €10,029 | €6,626 | €11,391 | ▲ 71.9% |
| Taxes, remuneration and social security45 | - | €5,865 | €5,617 | €3,378 | €5,645 | ▲ 67.1% |
| Taxes450/3 | - | €615 | €3,867 | €1,597 | €2,052 | ▲ 28.5% |
| Remuneration and social security454/9 | - | €5,250 | €1,750 | €1,782 | €3,593 | ▲ 102% |
| Other amounts payable47/48 | - | €671 | €3,077 | €1,085 | €2,415 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,781 | -€6,923 | €21,303 | €11,500 | €6,992 | ▼ 39.2% |
| + Depreciation and write-downs630 | €7,440 | €4,712 | €4,738 | €5,228 | €5,262 | ▲ 0.6% |
| Operating cash flow (approximation) | €19,221 | -€2,210 | €26,041 | €16,728 | €12,254 | ▼ 26.7% |
| Investment in fixed assets (approximation) | - | €22,567 | -€2,270 | €0 | -€2,336 | - |
| Change in cash | - | €1,585 | €24,067 | -€29,219 | €21,728 | ▲ 174% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €21,303
Net result €21,303 after one loss-making year.
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€6,923
Net result drops to -€6,923, the lowest in the series; recovery starts the following year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €22,848
Net result €22,848 after one loss-making year.
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Pont-à-Celles · 1 establishment unit since 2007
Ground area
3,157 m²
Building footprint
245 m²
Volume, LiDAR
1,197 m³
2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pont neuf
since 20072.166.730.669
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52042A0561/00X000 | Wallonia | 2,327 m² | 1 · 207 m² | 7.5 m · 1 fl. |
| 52042A0199/00S000 | Wallonia | 830 m² | 1 · 38 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900QJNJ3ID2435W39
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,475. 3,020 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
Founded03-12-2007
Fiscal year end31-03
Activities, NACEBEL 2025
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893901223
Also
9925:BE0893901223
Registered
25-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.