FULGOR
ActiveSummary
FULGOR has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209,819 and a net result of €25,940. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 4.24 against 6.52 in 2024; short-term debt: 20% of total assets), and 20% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
80%
Return on assets
9.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €209,819
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
53 d late
2023
91 d late
2022
32 d late
2021
31 d late
2020
2 d late
2019
31 d late
← 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 33 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 1 September (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€209,819▲ 14.1%
2024 · €183,879
Total assets
€262,282▲ 23.1%
2024 · €213,001
Net result
€25,940▼ 68.0%
2024 · €81,019
Working capital
€170,113▲ 5.8%
2024 · €160,730
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€62,581▲ 1,159%-€2,900€71,705€105,672▲ 47.4%€34,288▼ 67.6%
Net result€60,442above the sector's middle half▲ 2,357%-€4,988below the sector's middle half€50,562within the sector's middle half€81,019above the sector's middle half▲ 60.2%€25,940within the sector's middle half▼ 68.0%
Equity€57,286within the sector's middle half€52,298within the sector's middle half▼ 8.7%€102,860within the sector's middle half▲ 96.7%€183,879within the sector's middle half▲ 78.8%€209,819within the sector's middle half▲ 14.1%
Total assets€68,291below the sector's middle half=€68,291below the sector's middle half=€176,982within the sector's middle half▲ 159%€213,001within the sector's middle half▲ 20.4%€262,282within the sector's middle half▲ 23.1%
Debt€11,005▼ 84.6%€15,993▲ 45.3%€74,122▲ 363%€29,122▼ 60.7%€52,463▲ 80.1%
Working capital€55,986within the sector's middle half€50,998within the sector's middle half▼ 8.9%€101,560within the sector's middle half▲ 99.1%€160,730above the sector's middle half▲ 58.3%€170,113above the sector's middle half▲ 5.8%
Solvency83.9%above the sector's middle half▲ 88.5pp76.6%within the sector's middle half▼ 7.3pp58.1%within the sector's middle half▼ 18.5pp86.3%above the sector's middle half▲ 28.2pp80.0%above the sector's middle half▼ 6.3pp
Current ratio6.09above the sector's middle half▲ 5.154.19within the sector's middle half▼ 1.902.37within the sector's middle half▼ 1.826.52above the sector's middle half▲ 4.154.24within the sector's middle half▼ 2.28
Return on assets (ROA)88.5%above the sector's middle half▲ 84.9pp-7.3%below the sector's middle half▼ 95.8pp28.6%within the sector's middle half▲ 35.9pp38.0%above the sector's middle half▲ 9.5pp9.9%within the sector's middle half▼ 28.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262,282
Fixed assets
€39,706 ▲ 71.5%
Current assets
€222,576 ▲ 17.2%
Equity and liabilities €262,282
Equity
€209,819 ▲ 14.1%
Debt
€52,463 ▲ 80.1%
Debt's share of the balance-sheet total rises from 13.7% to 20.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39,550▼
2024 · €106,188
Cash flow
€31,202▼
2024 · €81,535
Debt to equity
0.25▲
2024 · 0.16
ROE
12.4%▼
2024 · 44.1%
Interest coverage
10.72▼
2024 · 124.05
Debt ≤ 1 year
€52,463▲
2024 · €29,122
Income taxes
€11,747▼
2024 · €26,955
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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 31,349 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €50,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €516 | €5,262 | ▲ 920% |
| Other operating charges640/8 | €5,055 | €348 | €650 | €6,092 | €3,112 | ▼ 48.9% |
| Gross operating margin9900 | €67,635 | -€2,553 | €72,355 | €112,280 | €42,662 | ▼ 62.0% |
| Operating profit (loss)9901 | €62,581 | -€2,900 | €71,705 | €105,672 | €34,288 | ▼ 67.6% |
| Financial income75/76B | - | - | €359 | €3,158 | €7,089 | ▲ 124% |
| Recurring financial income75 | - | - | €359 | €3,158 | €7,089 | ▲ 124% |
| Financial charges65/66B | €2,139 | €2,088 | €1,972 | €856 | €3,690 | ▲ 331% |
| Recurring financial charges65 | €2,139 | €2,088 | €1,972 | €856 | €3,690 | ▲ 331% |
| Profit (loss) for the period before taxes9903 | €60,442 | -€4,988 | €70,092 | €107,974 | €37,687 | ▼ 65.1% |
| Income taxes67/77 | - | - | €19,530 | €26,955 | €11,747 | ▼ 56.4% |
| Profit (loss) for the period9904 | €60,442 | -€4,988 | €50,562 | €81,019 | €25,940 | ▼ 68.0% |
| Profit (loss) for the period to be appropriated9905 | €60,442 | -€4,988 | €50,562 | €81,019 | €25,940 | ▼ 68.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,291 | €68,291 | €176,982 | €213,001 | €262,282 | ▲ 23.1% |
| Fixed assets21/28 | €1,300 | €1,300 | €1,300 | €23,149 | €39,706 | ▲ 71.5% |
| Tangible fixed assets22/27 | - | - | - | €9,749 | €38,406 | ▲ 294% |
| Furniture and vehicles24 | - | - | - | €3,819 | €13,548 | ▲ 255% |
| Other tangible fixed assets26 | - | - | - | €5,930 | €24,858 | ▲ 319% |
| Financial fixed assets28 | €1,300 | €1,300 | €1,300 | €13,400 | €1,300 | ▼ 90.3% |
| Current assets29/58 | €66,991 | €66,991 | €175,682 | €189,852 | €222,576 | ▲ 17.2% |
| Amounts receivable within one year40/41 | €66,991 | €66,991 | €106,407 | €178,873 | €220,192 | ▲ 23.1% |
| Trade receivables40 | €2,491 | €2,491 | - | €10,361 | €8,103 | ▼ 21.8% |
| Other amounts receivable41 | €64,500 | €64,500 | €106,407 | €168,512 | €212,089 | ▲ 25.9% |
| Cash at bank and in hand54/58 | - | - | €69,275 | €10,699 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €280 | €2,384 | ▲ 751% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,291 | €68,291 | €176,982 | €213,001 | €262,282 | ▲ 23.1% |
| Equity10/15 | €57,286 | €52,298 | €102,860 | €183,879 | €209,819 | ▲ 14.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €36,826 | €31,838 | €82,400 | €163,419 | €189,359 | ▲ 15.9% |
| Amounts payable17/49 | €11,005 | €15,993 | €74,122 | €29,122 | €52,463 | ▲ 80.1% |
| Amounts payable within one year42/48 | €11,005 | €15,993 | €74,122 | €29,122 | €52,463 | ▲ 80.1% |
| Financial debts43 | €1,764 | €8,517 | - | - | €6,068 | - |
| Credit institutions430/8 | €1,764 | €8,517 | - | - | €6,068 | - |
| Trade debts44 | - | - | €53,905 | €1,423 | €21,769 | ▲ 1,430% |
| Suppliers440/4 | - | - | €53,905 | €1,423 | €21,769 | ▲ 1,430% |
| Taxes, remuneration and social security45 | - | - | €20,217 | €27,699 | €24,626 | ▼ 11.1% |
| Taxes450/3 | - | - | €20,217 | €27,586 | €24,509 | ▼ 11.2% |
| Remuneration and social security454/9 | - | - | - | €113 | €117 | ▲ 3.5% |
| Other amounts payable47/48 | €9,241 | €7,476 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,442 | -€4,988 | €50,562 | €81,019 | €25,940 | ▼ 68.0% |
| + Depreciation and write-downs630 | - | - | - | €516 | €5,262 | ▲ 920% |
| Operating cash flow (approximation) | €60,442 | -€4,988 | €50,562 | €81,535 | €31,202 | ▼ 61.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€22,365 | -€21,819 | ▲ 2.4% |
| Change in cash | - | - | - | -€58,576 | - | - |
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
22-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Registered-office move, Bd. Brand Whitlock 135, 1200 Woluwe-Saint-Lambert
- General meeting, 16-06-2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200,000Eq €209,819 ▲14.1%
3 profitable years in a row build equity to €209,819.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Highest result since 2018net €81,019 ▲60.2%
Operating result €105,672, net result €81,019, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.52
Current ratio from 2.37 to 6.52; short-term debt falls from €74,122 to €29,122.
31-12
Financial
Equity above €150,000Eq €183,879 ▲78.8%
2 profitable years in a row build equity to €183,879.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Back to profitnet €50,562
Net result €50,562 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €102,860 ▲96.7%
Equity rises from €52,298 to €102,860.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Show earlier events
2021
31-12
Financial
Liquidity times 6current ratio 6.09
Current ratio from 0.94 to 6.09; short-term debt falls from €71,447 to €11,005.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Back to profitnet €2,460
Net result €2,460 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€21,261
Net result drops to -€21,261, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 49 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 3 establishment units since 1984
Ground area
6,587 m²
Building footprint
3,896 m²
Volume, LiDAR
42,287 m³
4 parcels, Brussels, Wallonia · tallest building 32.5 m, ±9 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Emile Sergijselsstraat 31, 1081 Koekelberg
since 19842.037.805.197
Rue Gouttier 23, 1410 Waterloo
since 19842.037.805.296
Auguste Hainautstraat, 1090 Jette
since 19842.037.805.395
4 parcels
Wallonia
1
(25%)
Brussels
3
(75%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464F0011/00D003indicative | Brussels | 4,296 m² | 1 · 2,942 m² | 14.2 m · 2 fl. |
| 21492B0323/00K000 | Brussels | 1,528 m² | 1 · 789 m² | 32.5 m · 9 fl. |
| 25110C0467/00A000 | Wallonia | 389 m² | 1 · 55 m² | 11.6 m · 3 fl. |
| 21673D0157/00S010 | Brussels | 374 m² | 1 · 111 m² | 19.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 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 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,705 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 (pre-2019)
Founded27-10-1983
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425561170
Also
9925:BE0425561170
Registered
27-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.