FULCRUM
ActiveSummary
FULCRUM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,161 and a net result of €14,304. Equity is growing by ~62.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 16765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 74.56 against 14.37 in 2024; short-term debt: 1.2% and cash: 86.4% of total assets), and 1.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
98.8%
Return on assets
33.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
25 d late
2023
20 d early
2022
54 d late
2021
61 d late
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 25 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€42,161▲ 51.3%
2024 · €27,857
Total assets
€42,673▲ 44.4%
2024 · €29,547
Net result
€14,304▼ 4.1%
2024 · €14,917
Working capital
€37,676▲ 66.7%
2024 · €22,595
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health 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
Operating result€6,458▲ 303%€5,038▼ 22.0%€5,015▼ 0.4%€21,484▲ 328%€20,644▼ 3.9%
Net result€4,202below the sector's middle half▲ 315%€2,958below the sector's middle half▼ 29.6%€2,767below the sector's middle half▼ 6.4%€14,917below the sector's middle half▲ 439%€14,304below the sector's middle half▼ 4.1%
Equity€7,215below the sector's middle half▲ 140%€10,173below the sector's middle half▲ 41.0%€12,940below the sector's middle half▲ 27.2%€27,857below the sector's middle half▲ 115%€42,161within the sector's middle half▲ 51.3%
Total assets€19,252below the sector's middle half▲ 24.1%€20,463below the sector's middle half▲ 6.3%€23,865below the sector's middle half▲ 16.6%€29,547below the sector's middle half▲ 23.8%€42,673below the sector's middle half▲ 44.4%
Debt€12,037▼ 3.7%€10,290▼ 14.5%€10,925▲ 6.2%€1,691▼ 84.5%€512▼ 69.7%
Working capital-€3,736below the sector's middle half▼ 111%-€224below the sector's middle half▲ 94.0%€6,336below the sector's middle half€22,595within the sector's middle half▲ 257%€37,676within the sector's middle half▲ 66.7%
Solvency37.5%within the sector's middle half▲ 18.1pp49.7%within the sector's middle half▲ 12.2pp54.2%within the sector's middle half▲ 4.5pp94.3%above the sector's middle half▲ 40.1pp98.8%above the sector's middle half▲ 4.5pp
Current ratio0.64below the sector's middle half▼ 0.070.98below the sector's middle half▲ 0.341.58within the sector's middle half▲ 0.6014.37above the sector's middle half▲ 12.7974.56above the sector's middle half▲ 60.19
Return on assets (ROA)21.8%within the sector's middle half▲ 15.3pp14.5%within the sector's middle half▼ 7.4pp11.6%within the sector's middle half▼ 2.9pp50.5%above the sector's middle half▲ 38.9pp33.5%within the sector's middle half▼ 17.0pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health 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
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,673
Fixed assets
€4,484 ▼ 14.8%
Current assets
€38,189 ▲ 57.2%
Equity and liabilities €42,673
Equity
€42,161 ▲ 51.3%
Debt
€512 ▼ 69.7%
Debt's share of the balance-sheet total falls from 5.7% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,421▼
2024 · €22,826
Cash flow
€15,082▼
2024 · €16,259
Debt to equity
0.01▼
2024 · 0.06
ROE
33.9%▼
2024 · 53.5%
Interest coverage
6910.02
Debt ≤ 1 year
€512▼
2024 · €1,691
Income taxes
€6,482▼
2024 · €6,675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,338 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% | 1.9% |
| 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% 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 26,975 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,033 | €4,492 | €3,793 | €1,342 | €777 | ▼ 42.1% |
| Other operating charges640/8 | €856 | €770 | €1,024 | €936 | €960 | ▲ 2.6% |
| Gross operating margin9900 | €11,347 | €10,300 | €9,832 | €23,762 | €22,381 | ▼ 5.8% |
| Operating profit (loss)9901 | €6,458 | €5,038 | €5,015 | €21,484 | €20,644 | ▼ 3.9% |
| Financial income75/76B | €0 | - | - | €109 | €145 | ▲ 34.1% |
| Recurring financial income75 | €0 | - | - | €109 | €145 | ▲ 34.1% |
| Financial charges65/66B | €259 | €51 | €4 | - | €3 | - |
| Recurring financial charges65 | €259 | €51 | €4 | - | €3 | - |
| Profit (loss) for the period before taxes9903 | €6,199 | €4,987 | €5,011 | €21,592 | €20,786 | ▼ 3.7% |
| Income taxes67/77 | €1,997 | €2,029 | €2,244 | €6,675 | €6,482 | ▼ 2.9% |
| Profit (loss) for the period9904 | €4,202 | €2,958 | €2,767 | €14,917 | €14,304 | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €4,202 | €2,958 | €2,767 | €14,917 | €14,304 | ▼ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,252 | €20,463 | €23,865 | €29,547 | €42,673 | ▲ 44.4% |
| Fixed assets21/28 | €12,552 | €10,397 | €6,604 | €5,262 | €4,484 | ▼ 14.8% |
| Tangible fixed assets22/27 | €12,552 | €10,397 | €6,604 | €5,262 | €4,484 | ▼ 14.8% |
| Plant, machinery and equipment23 | €400 | €67 | - | - | - | - |
| Furniture and vehicles24 | €6,964 | €3,514 | €565 | - | - | - |
| Other tangible fixed assets26 | €5,187 | €6,817 | €6,039 | €5,262 | €4,484 | ▼ 14.8% |
| Current assets29/58 | €6,701 | €10,065 | €17,261 | €24,285 | €38,189 | ▲ 57.2% |
| Amounts receivable within one year40/41 | - | - | €602 | - | €1,307 | - |
| Trade receivables40 | - | - | €602 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €1,307 | - |
| Cash at bank and in hand54/58 | €6,701 | €10,065 | €16,659 | €24,285 | €36,882 | ▲ 51.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,252 | €20,463 | €23,865 | €29,547 | €42,673 | ▲ 44.4% |
| Equity10/15 | €7,215 | €10,173 | €12,940 | €27,857 | €42,161 | ▲ 51.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €5,215 | €8,173 | €10,940 | €25,857 | €40,161 | ▲ 55.3% |
| Distributable reserves133 | €5,215 | €8,173 | €10,940 | €25,857 | €40,161 | ▲ 55.3% |
| Amounts payable17/49 | €12,037 | €10,290 | €10,925 | €1,691 | €512 | ▼ 69.7% |
| Amounts payable after more than one year17 | €1,601 | - | - | - | - | - |
| Financial debts170/4 | €1,601 | - | - | - | - | - |
| Amounts payable within one year42/48 | €10,436 | €10,290 | €10,925 | €1,691 | €512 | ▼ 69.7% |
| Current portion of amounts payable after more than one year42 | €4,764 | €1,601 | - | - | - | - |
| Trade debts44 | €1,150 | €745 | €320 | €221 | - | - |
| Suppliers440/4 | €1,150 | €745 | €320 | €221 | - | - |
| Taxes, remuneration and social security45 | €2,482 | €2,029 | €2,244 | €865 | €238 | ▼ 72.5% |
| Taxes450/3 | €2,482 | €2,029 | €2,244 | €865 | €238 | ▼ 72.5% |
| Other amounts payable47/48 | €2,041 | €5,915 | €8,360 | €605 | €274 | ▼ 54.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,202 | €2,958 | €2,767 | €14,917 | €14,304 | ▼ 4.1% |
| + Depreciation and write-downs630 | €4,033 | €4,492 | €3,793 | €1,342 | €777 | ▼ 42.1% |
| Operating cash flow (approximation) | €8,236 | €7,450 | €6,560 | €16,259 | €15,082 | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | -€2,338 | €0 | €0 | €0 | - |
| Change in cash | - | €3,365 | €6,593 | €7,627 | €12,596 | ▲ 65.2% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 74.56
Current ratio from 14.37 to 74.56; short-term debt falls from €1,691 to €512.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2020net €14,917 ▲439%
Operating result €21,484, net result €14,917, both a record.
31-12
Financial
Liquidity times 9current ratio 14.37
Current ratio from 1.58 to 14.37; short-term debt falls from €10,925 to €1,691.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lier · 3 establishment units since 2020
Ground area
2,338 m²
Building footprint
628 m²
Volume, LiDAR
2,914 m³
4 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
FULCRUM
since 20202.299.729.943
FULCRUM
since 20202.299.730.042
FULCRUM
since 20202.299.730.141
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12019B0573/00E003 | Flanders | 898 m² | 1 · 105 m² | 8.5 m · 1 fl. |
| 12031D0056/00B000 | Flanders | 612 m² | 1 · 309 m² | 9.7 m · 2 fl. |
| 12002A0315/00F007 | Flanders | 603 m² | 1 · 122 m² | 6.7 m · 1 fl. |
| 11346B0544/00P002 | Flanders | 226 m² | 1 · 92 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,629 companies in sector 86220 we hold annual accounts for 7,986. 4,739 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
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
85599Other education
86210General medical practice
96999Other personal services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743858554
Also
9925:BE0743858554
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.