FULLBOX
ActiveSummary
FULLBOX has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332k and a net result of €-112k. Equity is growing by ~56.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+12
Solvency40▼-7
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.22 in 2024; short-term debt: 53.8% and cash: 2.7% of total assets), and 84.6% of the assets are financed with debt.
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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 →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-112k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 20%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
11 d early
2023
29 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by total assets in Gesves, Professional and technical services sector#10 company by equity in Gesves, Professional and technical services sector
Equity
€332k▼ 25.3%
2024 · €444k
Total assets
€2.16M▲ 8.3%
2024 · €1.99M
Net result
€-112k▲ 19.9%
2024 · €-140k
Working capital
€-1.02M▼ 27.7%
2024 · €-795k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€-48k-€-97k▼ 101%€-31k▲ 67.5%
Net result€-65k-€-140k▼ 114%€-112k▲ 19.9%
Equity€-40k-€444k€332k▼ 25.3%
Total assets€363k-€1.99M▲ 449%€2.16M▲ 8.3%
Debt€403k-€1.55M▲ 284%€1.82M▲ 17.9%
Working capital€-178k-€-795k▼ 348%€-1.02M▼ 27.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €97k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.16M
Fixed assets
€2.01M ▲ 14.0%
Current assets
€144k ▼ 36.6%
Equity and liabilities €2.16M
Equity
€332k ▼ 25.3%
Debt
€1.82M ▲ 17.9%
Debt's share of the balance-sheet total rises from 77.7% to 84.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€92k▲
2024 · €-39k
Cash flow
€11k▲
2024 · €-82k
Current ratio
0.12▼
2024 · 0.22
Quick ratio
0.07▼
2024 · 0.18
Debt to equity
5.50▲
2024 · 3.48
ROE
-33.9%▼
2024 · -31.6%
ROA
-5.2%▲
2024 · -7.0%
Interest coverage
1.12▲
2024 · -0.89
Debt ≤ 1 year
€1.16M▲
2024 · €1.02M
Debt > 1 year
€612k▲
2024 · €480k
Income taxes
€384▲
2024 · €300
Staff costs
€123k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €414 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €16k | €123k | ▲ 646% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €58k | €123k | ▲ 113% |
| Other operating charges640/8 | €3k | €1k | €4k | ▲ 202% |
| Gross operating margin9900 | €-23k | €-21k | €219k | ▲ 1,153% |
| Operating profit (loss)9901 | €-48k | €-97k | €-31k | ▲ 67.5% |
| Financial income75/76B | €66 | €133 | €2k | ▲ 1,158% |
| Recurring financial income75 | €66 | €133 | €2k | ▲ 1,158% |
| Financial charges65/66B | €17k | €44k | €82k | ▲ 89.0% |
| Recurring financial charges65 | €17k | €44k | €82k | ▲ 89.0% |
| Profit (loss) for the period before taxes9903 | €-65k | €-140k | €-112k | ▲ 20.0% |
| Income taxes67/77 | €386 | €300 | €384 | ▲ 28.0% |
| Profit (loss) for the period9904 | €-65k | €-140k | €-112k | ▲ 19.9% |
| Profit (loss) for the period to be appropriated9905 | €-65k | €-140k | €-112k | ▲ 19.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €363k | €1.99M | €2.16M | ▲ 8.3% |
| Fixed assets21/28 | €303k | €1.77M | €2.01M | ▲ 14.0% |
| Tangible fixed assets22/27 | €303k | €1.77M | €2.01M | ▲ 14.0% |
| Land and buildings22 | €286k | €1.51M | €1.72M | ▲ 14.5% |
| Plant, machinery and equipment23 | €5k | €197k | €215k | ▲ 9.0% |
| Furniture and vehicles24 | €13k | €62k | €73k | ▲ 19.3% |
| Current assets29/58 | €60k | €227k | €144k | ▼ 36.6% |
| Stocks and contracts in progress3 | €51k | €41k | €57k | ▲ 38.6% |
| Stocks30/36 | €51k | €41k | €57k | ▲ 38.6% |
| Amounts receivable within one year40/41 | €3k | €40k | €21k | ▼ 47.5% |
| Trade receivables40 | €3k | €3k | €21k | ▲ 671% |
| Other amounts receivable41 | €107 | €37k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5k | €141k | €58k | ▼ 58.5% |
| Deferred charges and accrued income490/1 | €1k | €5k | €8k | ▲ 43.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €363k | €1.99M | €2.16M | ▲ 8.3% |
| Equity10/15 | €-40k | €444k | €332k | ▼ 25.3% |
| Contributions10/11 | €25k | €650k | €650k | = |
| Profit (loss) carried forward14 | €-65k | €-206k | €-318k | ▼ 54.6% |
| Amounts payable17/49 | €403k | €1.55M | €1.82M | ▲ 17.9% |
| Amounts payable after more than one year17 | €157k | €480k | €612k | ▲ 27.6% |
| Financial debts170/4 | €157k | €480k | €612k | ▲ 27.6% |
| Amounts payable within one year42/48 | €237k | €1.02M | €1.16M | ▲ 13.5% |
| Current portion of amounts payable after more than one year42 | €9k | €19k | €46k | ▲ 148% |
| Trade debts44 | €4k | €52k | €99k | ▲ 88.0% |
| Suppliers440/4 | €4k | €52k | €99k | ▲ 88.0% |
| Taxes, remuneration and social security45 | €908 | €6k | €19k | ▲ 224% |
| Taxes450/3 | €908 | €690 | €2k | ▲ 144% |
| Remuneration and social security454/9 | - | €5k | €17k | ▲ 235% |
| Other amounts payable47/48 | €223k | €945k | €996k | ▲ 5.4% |
| Accrued charges and deferred income492/3 | €9k | €46k | €53k | ▲ 15.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-65k | €-140k | €-112k | ▲ 19.9% |
| + Depreciation and write-downs630 | €22k | €58k | €123k | ▲ 113% |
| Operating cash flow (approximation) | €-43k | €-82k | €11k | ▲ 113% |
| Investment in fixed assets (approximation) | - | €-1.52M | €-371k | ▲ 75.6% |
| Change in cash | - | €136k | €-82k | ▼ 161% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-140k
Net result drops to €-140k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €444k
Equity rises from €-40k to €444k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gesves · 2 establishment units since 2022
Ground area
2,657 m²
Building footprint
238 m²
Parcel 92042C0209/00E000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Le Moulin du Samson
since 20222.335.895.503
Fullbox
since 20222.337.474.128
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92042C0209/00E000 | Wallonia | 2,657 m² | 1 · 238 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesGesves2.335.895.503
Fernelmont2.337.474.128
Loyers
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 37,545 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
Founded19-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
70200Business and other management consultancy
Contact
E-mail
denis@hecq.com
Phone
+32477761856
Phone
0477761856Gesves
Scores and ratios are computed by Checked and are not a credit decision.