FLUIDSYSTEME
ActiveSummary
FLUIDSYSTEME has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,624 and a net result of €6,992. Equity has been growing by about 32% per year since 2019. Its solvency ranks better than 78% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-12-2007 Normal situation
- Activity
- Plumbing work NACE 43221
- Establishment unit
- 2.166.730.669 6238 Pont-à-Celles, since 03-12-2007
- Financial year end
- 31 March
- Peppol
- Reachable since 25-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €54,594
- ▲ 16.8%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €6,992
- ▼ 39.2%
- Equity
- €62,624
- ▲ 12.6%
- Total assets
- €86,231
- ▲ 15.2%
- 2026 accounts not filed, 2 days past the deadline
Score breakdownraises riskFigures for financial year 2025 (filed on 04-11-2025)lowers riskLiquidity: current ratio 3.37, cash €39,281Founded in 2007Equity €62,624 (72.6% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 79% of them on solvency, 86% on liquidity, 20% on profitability and 59% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 25 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-10-2025 PDF all 17 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 17% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,270 | - | €2,850 |
| Depreciation and write-downs of the year | €4,712 | €4,738 | €5,228 | €5,262 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €171,609 | €260,885 | €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 | €11,209 | €6,242 | €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 | €12,747 | €38,127 | €43,840 | €36,097 | €37,394 | €46,744 | €54,594 | ▲ 16.8% |
| Operating profit (loss)9901 | €1,035 | €30,154 | €35,894 | €31,164 | €29,829 | €41,044 | €48,181 | ▲ 17.4% |
| Financial income75/76B | - | - | - | €113 | €152 | €2 | €1 | ▼ 63.2% |
| Recurring financial income75 | €89 | €33 | - | €113 | €152 | €2 | €1 | ▼ 63.2% |
| Financial charges65/66B | - | - | - | €38,122 | €1,311 | €24,511 | €37,933 | ▲ 54.8% |
| Recurring financial charges65 | €263 | €932 | €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 | €861 | €27,557 | €16,412 | -€6,844 | €28,670 | €16,535 | €10,248 | ▼ 38.0% |
| Income taxes67/77 | €1,285 | €4,709 | €4,632 | €78 | €7,367 | €5,036 | €3,256 | ▼ 35.3% |
| Profit (loss) for the period9904 | -€424 | €22,848 | €11,781 | -€6,923 | €21,303 | €11,500 | €6,992 | ▼ 39.2% |
| Profit (loss) for the period to be appropriated9905 | -€424 | €22,848 | €11,781 | -€6,923 | €21,303 | €11,500 | €6,992 | ▼ 39.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €46,813 | €67,475 | €81,889 | €54,646 | €75,033 | €74,877 | €86,231 | ▲ 15.2% |
| Fixed assets21/28 | €27,101 | €33,713 | €44,490 | €17,211 | €14,743 | €9,515 | €6,589 | ▼ 30.7% |
| Tangible fixed assets22/27 | €27,101 | €33,713 | €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 | €19,712 | €33,761 | €37,399 | €37,435 | €60,290 | €65,362 | €79,642 | ▲ 21.8% |
| Amounts receivable within one year40/41 | €9,372 | €8,872 | €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 | €9,609 | €23,581 | €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 | €46,813 | €67,475 | €81,889 | €54,646 | €75,033 | €74,877 | €86,231 | ▲ 15.2% |
| Equity10/15 | €5,123 | €17,971 | €29,752 | €22,829 | €44,132 | €55,631 | €62,624 | ▲ 12.6% |
| Contributions10/11 | €15,200 | €15,200 | - | €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 | -€10,077 | €2,771 | €14,552 | €7,629 | €7,932 | €0 | - | - |
| Amounts payable17/49 | €41,690 | €49,504 | €52,137 | €31,817 | €30,901 | €19,246 | €23,607 | ▲ 22.7% |
| Amounts payable after more than one year17 | €16,484 | €22,663 | €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 | €25,206 | €26,841 | €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 | €9,433 | €5,810 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€424 | €22,848 | €11,781 | -€6,923 | €21,303 | €11,500 | €6,992 | ▼ 39.2% |
| + Depreciation and write-downs630 | €11,209 | €6,242 | €7,440 | €4,712 | €4,738 | €5,228 | €5,262 | ▲ 0.6% |
| Operating cash flow (approximation) | €10,784 | €29,090 | €19,221 | -€2,210 | €26,041 | €16,728 | €12,254 | ▼ 26.7% |
| Investment in fixed assets (approximation) | - | -€12,855 | -€18,217 | €22,567 | -€2,270 | €0 | -€2,336 | - |
| Change in cash | - | €13,972 | -€2,462 | €1,585 | €24,067 | -€29,219 | €21,728 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as FLUIDSYSTEME has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FLUIDSYSTEME itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 34,693 companies, not a prediction for FLUIDSYSTEME. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 30-10-2025 | 2025-00560834 | |
| 31-03-2024 | micro format | 05-11-2024 | 2024-00529719 | |
| 31-03-2023 | micro format | 05-06-2023 | 2023-00110094 | |
| 31-03-2022 | micro format | 29-10-2022 | 2022-20479251 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-75500213 | |
| 31-03-2020 | micro format | 30-10-2020 | 2020-66700134 | |
| 31-03-2019 | micro format | 17-09-2019 | 2019-64600525 | |
| 31-03-2018 | micro format | 26-09-2018 | 2018-65100491 | |
| 31-03-2017 | micro format | 19-09-2017 | 2017-61400045 | |
| 31-03-2016 | full format | 26-09-2016 | 2016-61400301 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-05-2023 Incorporation · €18,600 · 186 shares
- 24-05-2023 Converted to unavailable equity · €15,200
- 24-05-2023 Converted to available equity · €15,200
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PISCINA Patrice |
|
| PHILAVANH Phampasong |
|
| LIMPENS Romain |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un administrateur peut déléguer des pouvoirs spéciaux et limités à tout mandataire”
Articles of association, deed of 24-05-2023 (in French)
Network & group
FLUIDSYSTEME shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of FLUIDSYSTEME. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-03
Gazette deed
Appointment: PHILAVANH Phampasong (director)2 points ▸
- General meeting, 30-01-2026
- Director appointment, PHILAVANH Phampasong (director)
22-02
Gazette deed
Resignation: LIMPENS Romain (director)Power of attorney3 points ▸
- General meeting, 29-12-2023
- Director resignation, LIMPENS Romain (director)
- Power of attorney
24-05
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsStarting capital €18,600 · Board composition · Power of attorney14 points ▸
- Capital
- Board composition, Patrice PISCINA (director (not named in the articles))
- Board composition, Romain LIMPENS (director)
- Power of attorney
- Incorporation, 03-12-2007
- General meeting, 09-05-2023
- Other provision, “rapport justification modification objet, rapport de l’organe d’administration” (deed in French)
- Purpose change
- Founding capital, €18,600
- Other provision, “dispense de libérer apports non libérés, compte tenu de la situation bilantaire” (deed in French)
- Capital conversion, “capitaux propres statutairement indisponibles” (deed in French)
- Capital conversion, “capitaux propres disponibles pour distribution” (deed in French)
- The act holds 2 more points.
25-11
Gazette deed
Appointment: Limpens Romain (director)2 points ▸
- General meeting, 01-10-2022
- Director appointment, Limpens Romain (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0893.901.223
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52042A0561/00X000 | Wallonia | 2,327 m² | 1 · 207 m² | 7.5 m · 1 |
| 52042A0199/00S000 | Wallonia | 830 m² | 1 · 38 m² | 9.4 m · 2 |