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FULGA

Active
Private limited companyfounded 20242 yrs activeRue Strivay(PLX) 78, 4122 Neupré, BelgiumKBO/BCE: BE 1009.735.257
Summary

FULGA has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,993 and a net result of €36,052. Its solvency ranks better than 38% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability99▲+46
Solvency55▲+22
Growth78
Track record82
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 0.99 in 2024; short-term debt: 15.5% and cash: 36.4% of total assets), but 69.6% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
30.4%
Return on assets
23.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filings
Deviation from the deadline
2025
31 d late
2024
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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.
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FULGA was incorporated on 27 May 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€45,993▲ 363%
2024 · €9,941
Total assets
€151,383▲ 24.7%
2024 · €121,444
Net result
€36,052▲ 1,377%
2024 · €2,441
Working capital
€44,026
2024 · -€263
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, 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
Line20242025
Operating result€5,527-€49,905▲ 803%
Net result€2,441within the sector's middle half-€36,052above the sector's middle half▲ 1,377%
Equity€9,941below the sector's middle half-€45,993within the sector's middle half▲ 363%
Total assets€121,444within the sector's middle half-€151,383within the sector's middle half▲ 24.7%
Debt€111,503-€105,390▼ 5.5%
Working capital-€263within the sector's middle half-€44,026within the sector's middle half
Solvency8.2%below the sector's middle half-30.4%within the sector's middle half▲ 22.2pp
Current ratio0.99within the sector's middle half-2.87within the sector's middle half▲ 1.88
Return on assets (ROA)2.0%within the sector's middle half-23.8%above the sector's middle half▲ 21.8pp
above within below the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, 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
€0€20,000€40,000Operating result 2024: €5,527€5,527Net result 2024: €2,441€2,441Operating result 2025: €49,905€49,905Net result 2025: €36,052€36,05220242025€0€20,000€40,000Operating result 2024: €5,527€5,530Net result 2024: €2,441€2,440Operating result 2025: €49,905€49,900Net result 2025: €36,052€36,10020242025
The operating result rises in 2025; 2025 is 803% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,383
Fixed assets €83,862 ▼ 10.5%
Current assets €67,521 ▲ 143%
Equity and liabilities €151,383
Equity €45,993 ▲ 363%
Debt €105,390 ▼ 5.5%
Debt's share of the balance-sheet total falls from 91.8% to 69.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€59,711▲
2024 · €8,274
Cash flow
€45,858▲
2024 · €5,188
Debt to equity
2.29▼
2024 · 11.22
ROE
78.4%▲
2024 · 24.6%
Interest coverage
15.70▲
2024 · 3.78
Debt ≤ 1 year
€23,495▼
2024 · €28,039
Debt > 1 year
€68,776▼
2024 · €82,086
Income taxes
€10,049▲
2024 · €898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€121,444€151,383▲
Fixed assets21/28€93,668€83,862▼
Intangible fixed assets21€1,477€1,148▼
Tangible fixed assets22/27€92,191€82,714▼
Plant, machinery and equipment23€92,191€82,714▼
Current assets29/58€27,776€67,521▲
Amounts receivable within one year40/41€73€1,125▲
Other amounts receivable41€73€1,125▲
Cash at bank and in hand54/58€16,336€55,030▲
Deferred charges and accrued income490/1€11,366€11,366=
Equity and liabilities
Total equity and liabilities10/49€121,444€151,383▲
Equity10/15€9,941€45,993▲
Contributions10/11€7,500€7,500=
Profit (loss) carried forward14€2,441€38,493▲
Amounts payable17/49€111,503€105,390▼
Amounts payable after more than one year17€82,086€68,776▼
Financial debts170/4€82,086€68,776▼
Amounts payable within one year42/48€28,039€23,495▼
Current portion of amounts payable after more than one year42€12,757€13,310▲
Trade debts44€14,350€136▼
Suppliers440/4€14,350€136▼
Taxes, remuneration and social security45€898€10,049▲
Taxes450/3€898€10,049▲
Other amounts payable47/48€34-
Accrued charges and deferred income492/3€1,378€13,119▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,747€9,806▲
Other operating charges640/8€50-
Gross operating margin9900€8,324€59,711▲
Operating profit (loss)9901€5,527€49,905▲
Financial charges65/66B€2,187€3,803▲
Recurring financial charges65€2,187€3,803▲
Profit (loss) for the period before taxes9903€3,339€46,101▲
Income taxes67/77€898€10,049▲
Profit (loss) for the period9904€2,441€36,052▲
Profit (loss) for the period to be appropriated9905€2,441€36,052▲
Appropriation of the result
Profit (loss) to be appropriated9906€2,441€38,493▲
Profit (loss) brought forward from the previous period14P-€2,441

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,747€9,806▲ 257%
Other operating charges640/8€50--
Gross operating margin9900€8,324€59,711▲ 617%
Operating profit (loss)9901€5,527€49,905▲ 803%
Financial charges65/66B€2,187€3,803▲ 73.9%
Recurring financial charges65€2,187€3,803▲ 73.9%
Profit (loss) for the period before taxes9903€3,339€46,101▲ 1,281%
Income taxes67/77€898€10,049▲ 1,018%
Profit (loss) for the period9904€2,441€36,052▲ 1,377%
Profit (loss) for the period to be appropriated9905€2,441€36,052▲ 1,377%
Line20242025Change
Assets
Total assets20/58€121,444€151,383▲ 24.7%
Fixed assets21/28€93,668€83,862▼ 10.5%
Intangible fixed assets21€1,477€1,148▼ 22.3%
Tangible fixed assets22/27€92,191€82,714▼ 10.3%
Plant, machinery and equipment23€92,191€82,714▼ 10.3%
Current assets29/58€27,776€67,521▲ 143%
Amounts receivable within one year40/41€73€1,125▲ 1,432%
Other amounts receivable41€73€1,125▲ 1,432%
Cash at bank and in hand54/58€16,336€55,030▲ 237%
Deferred charges and accrued income490/1€11,366€11,366=
Equity and liabilities
Total equity and liabilities10/49€121,444€151,383▲ 24.7%
Equity10/15€9,941€45,993▲ 363%
Contributions10/11€7,500€7,500=
Profit (loss) carried forward14€2,441€38,493▲ 1,477%
Amounts payable17/49€111,503€105,390▼ 5.5%
Amounts payable after more than one year17€82,086€68,776▼ 16.2%
Financial debts170/4€82,086€68,776▼ 16.2%
Amounts payable within one year42/48€28,039€23,495▼ 16.2%
Current portion of amounts payable after more than one year42€12,757€13,310▲ 4.3%
Trade debts44€14,350€136▼ 99.1%
Suppliers440/4€14,350€136▼ 99.1%
Taxes, remuneration and social security45€898€10,049▲ 1,018%
Taxes450/3€898€10,049▲ 1,018%
Other amounts payable47/48€34--
Accrued charges and deferred income492/3€1,378€13,119▲ 852%
Line20242025Change
Profit (loss) for the period9904€2,441€36,052▲ 1,377%
+ Depreciation and write-downs630€2,747€9,806▲ 257%
Operating cash flow (approximation)€5,188€45,858▲ 784%
Investment in fixed assets (approximation)-€0-
Change in cash-€38,693-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial Liquidity triplescurrent ratio 2.87
Current ratio from 0.99 to 2.87; short-term debt falls from €28,039 to €23,495.
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Neupré · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,583 m²
Building footprint
207 m²
Volume, LiDAR
1,523 m³
Parcel 62081C0413/00C000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FULGA
Rue Strivay(PLX) 78, 4122 NeupréElectricity, gas, steam and air conditioning supply
since 20242.360.085.323
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62081C0413/00C000
ProtectedSite or landscape
Wallonia 1,583 m² 1 · 207 m² 10.4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 563 companies in sector 35150 we hold annual accounts for 230. 119 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
Founded27-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009735257
Also 9925:BE1009735257
Registered 09-01-2026

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.