FUSE HOUSE
ActiveSummary
FUSE HOUSE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+2
Solvency62▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.33 against 2.88 in 2024; short-term debt: 24.3% and cash: 8% of total assets), and 62.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 2025Solvency, return and age of the figures
Solvency
37.2%
Return on assets
0.7%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
28 d late
2022
24 d late
2021
29 d late
2020
17 d late
2019
26 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.30M▲ 58.8%
2024 · €822k
2018: €7k
2019: €6k
2020: €7k
2021: €-5k
2022: €-99k
2023: €-141k
2024: €822k
2018 → 2025
Total assets
€3.51M▲ 77.2%
2024 · €1.98M
2018: €11k
2019: €9k
2020: €10k
2021: €997k
2022: €1.64M
2023: €2.08M
2024: €1.98M
2018 → 2025
Net result
€24k▼ 82.6%
2024 · €141k
2018: €-2k
2019: €-1k
2020: €685
2021: €-11k
2022: €-94k
2023: €-49k
2024: €141k
2018 → 2025
Working capital
€-574k
2024 · €130k
2018: €7k
2019: €6k
2020: €7k
2021: €-282k
2022: €-592k
2023: €-752k
2024: €130k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-5k-€-99k▼ 2,042%€-141k▼ 43.4%€822k€1.30M▲ 58.8%
Operating result€-10k-€-83k▼ 712%€-23k▲ 72.5%€25k€40k▲ 62.5%
Net result€-11k-€-94k▼ 746%€-49k▲ 47.8%€141k€24k▼ 82.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.51M
Fixed assets
€3.23M ▲ 81.3%
Current assets
€280k ▲ 40.5%
Equity and liabilities €3.51M
Equity
€1.30M ▲ 58.8%
Debt
€2.20M ▲ 90.2%
Debt's share of the balance-sheet total rises from 58.5% to 62.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137k▲
2024 · €84k
Cash flow
€121k▼
2024 · €200k
Current ratio
0.33▼
2024 · 2.88
Debt to equity
1.69▲
2024 · 1.41
ROE
1.9%▼
2024 · 17.1%
ROA
0.7%▼
2024 · 7.1%
Interest coverage
3.46▲
2024 · 2.19
Debt ≤ 1 year
€854k▲
2024 · €69k
Debt > 1 year
€1.35M▲
2024 · €1.09M
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.98M€3.51M▲
Fixed assets21/28€1.78M€3.23M▲
Tangible fixed assets22/27€1.78M€3.23M▲
Land and buildings22€1.49M€2.66M▲
Other tangible fixed assets26€295k€562k▲
Financial fixed assets28-€3k
Current assets29/58€199k€280k▲
Amounts receivable within one year40/41€57k-
Trade receivables40€57k-
Cash at bank and in hand54/58€139k€280k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€1.98M€3.51M▲
Equity10/15€822k€1.30M▲
Contributions10/11€841k€1.30M▲
Profit (loss) carried forward14€-20k€5k▲
Amounts payable17/49€1.16M€2.20M▲
Amounts payable after more than one year17€1.09M€1.35M▲
Financial debts170/4€1.07M€1.32M▲
Other amounts payable178/9€16k€26k▲
Amounts payable within one year42/48€69k€854k▲
Current portion of amounts payable after more than one year42€44k€96k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€23k€754k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€44k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€97k▲
Other operating charges640/8€15k€6k▼
Gross operating margin9900€99k€143k▲
Operating profit (loss)9901€25k€40k▲
Financial income75/76B€154k€26k▼
Recurring financial income75€154k€58▼
Non-recurring financial income76B€154k€26k▼
Financial charges65/66B€39k€39k▲
Recurring financial charges65€39k€39k▲
Profit (loss) for the period before taxes9903€141k€26k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€141k€24k▼
Profit (loss) for the period to be appropriated9905€141k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€5k▲
Profit (loss) brought forward from the previous period14P€-160k€-20k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €1MEq €1.30M ▲58.8%
2 profitable years in a row build equity to €1.30M.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €141k
Net result €141k after 3 loss-making years.
31-12
Financial
Liquidity times 20current ratio 2.88
Current ratio from 0.14 to 2.88; short-term debt falls from €875k to €69k.
31-12
Financial
Equity above €500kEq €822k
Equity rises from €-141k to €822k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €-94k
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €685
Net result €685 after 2 loss-making years.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Olmkruidlaan 71020 BrusselGround area
159 m²
Building footprint
82 m²
Volume, LiDAR
925 m³
Parcel 21818F0017/00L008, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FUSE HOUSE
since 20142.228.704.068
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818F0017/00L008 | Brussels | 159 m² | 1 · 82 m² | 16.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 2,996 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32472608221