Fused
Fused has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €-1k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
| Equity | €123k |
| Net result | €-1k |
| Staff (FTE) | 3.1 |
| Better than sector | 27% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.7% | 47.4% | |
| Net result | €-1k | €10k | |
| Equity | €123k | €60k | |
| Gross operating margin | €175k | €39k | |
| Staff costs | €139k | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €36k | €60k | €64k | €50k | €66k |
| Net profit | €-1k | €16k | €24k | €22k | €25k |
| Cash flow | €28k | €36k | €43k | €35k | €47k |
| Staff costs | €139k | €104k | €157k | €113k | €91k |
| Income taxes | €-822 | €10k | €17k | €15k | €13k |
| Dividends | - | - | - | - | - |
| Total assets | €477k | €416k | €437k | €305k | €280k |
| Equity | €123k | €124k | €108k | €84k | €62k |
| Debt | €355k | €293k | €328k | €221k | €218k |
| of which ≤ 1y | €215k | €279k | €308k | €220k | €206k |
| of which > 1y | €40k | €14k | €20k | €1k | €11k |
| Working capital | €212k | €112k | €82k | €58k | €33k |
| Employees (FTE) | 3.1 | 2.8 | 2.9 | 2.4 | 1.9 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.99 | 1.40 | 1.27 | 1.26 | 1.16 |
| Quick ratio | 1.45 | 0.96 | 0.53 | 0.89 | 0.77 |
| Working capital ratio | 44.3% | 26.9% | 18.8% | 19.0% | 11.9% |
| Solvency | 25.7% | 29.7% | 24.8% | 27.5% | 22.3% |
| Debt / equity | 2.89 | 2.36 | 3.03 | 2.64 | 3.49 |
| Long-term debt ratio | 0.32 | 0.11 | 0.18 | 0.02 | 0.18 |
| Interest coverage | 3.95 | 4.32 | 10.85 | 23.73 | 11.13 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -0.2% | 3.7% | 5.6% | 7.0% | 8.8% |
| ROE | -0.8% | 12.6% | 22.5% | 25.6% | 39.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €477k | €416k | €437k | €305k | €280k |
| Fixed assets | 21/28 | €51k | €26k | €46k | €27k | €40k |
| Intangible fixed assets | 21 | €0 | €2k | €12k | €22k | €32k |
| Tangible fixed assets | 22/27 | €51k | €24k | €34k | €6k | €9k |
| Current assets | 29/58 | €426k | €391k | €391k | €278k | €240k |
| Stocks & contracts in progress | 3 | €114k | €122k | €227k | €81k | €80k |
| Amounts receivable within one year | 40/41 | €283k | €269k | €107k | €173k | €152k |
| Cash & bank | 54/58 | €29k | €0 | €45k | €21k | €6k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €477k | €416k | €437k | €305k | €280k |
| Equity | 10/15 | €123k | €124k | €108k | €84k | €62k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €63k | €63k | €48k | €23k | €2k |
| Accumulated profits (losses) | 14 | €41k | €42k | €42k | €42k | €42k |
| Amounts payable | 17/49 | €355k | €293k | €328k | €221k | €218k |
| Amounts payable after one year | 17 | €40k | €14k | €20k | €1k | €11k |
| Amounts payable within one year | 42/48 | €215k | €279k | €308k | €220k | €206k |
| Trade debts payable within one year | 44 | €64k | €220k | €208k | €152k | €83k |
| Income statement | ||||||
| Gross operating margin | 9900 | €175k | €168k | €230k | €167k | €162k |
| Operating result | 9901 | €7k | €40k | €45k | €37k | €44k |
| Financial income | 75 | €2 | €96 | €2k | €1k | €19 |
| Financial charges | 65 | €9k | €14k | €6k | €2k | €6k |
| Result before taxes | 9903 | €-2k | €26k | €41k | €36k | €38k |
| Income taxes | 67/77 | €-822 | €10k | €17k | €15k | €13k |
| Net result for the period | 9904 | €-1k | €16k | €24k | €22k | €25k |
| Result to be appropriated | 9905 | €-1k | €16k | €24k | €22k | €25k |
-
Current27-10-2022 → present
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 31-03-2015 |
| Status | Active |
| Postal code | 3460 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24002D0066/00V000 | Flanders | 6,958 m² | 1 · 156 m² | 10.7 m · 3 fl. |
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.
08-05-2026 Seat change · General meeting · Act object
- Seat change: to: Prinsenbos 1 - 3460 Assent, from: Bosterestraat 56 - 3290 Diest · FUSED
- General meeting: date: 2026-02-01, type: bijzondere algemene vergadering · FUSED
- Filing: date: 2026-04-29 · FUSED
- Publication: date: 2026-05-08 · FUSED
- Act object: Zetelverplaatsing
Technical details
{
"facts": [
{
"type": "seat_change",
"quote": "Op de bijzondere algemene vergadering van 1/2/2026 werd er beslist om de zetel van de vennootschap te verplaatsen van Bosterestraat 56 - 3290 Diest naar Prinsenbos 1 - 3460 Assent.",
"value": {
"to": "Prinsenbos 1 - 3460 Assent",
"from": "Bosterestraat 56 - 3290 Diest"
},
"object": null,
"subject": "e1"
},
{
"type": "general_meeting",
"quote": "Op de bijzondere algemene vergadering van 1/2/2026 werd er beslist om de zetel van de vennootschap te verplaatsen van Bosterestraat 56 - 3290 Diest naar Prinsenbos 1 - 3460 Assent.",
"value": {
"date": "2026-02-01",
"type": "bijzondere algemene vergadering"
},
"object": null,
"subject": "e1"
},
{
"type": "filing",
"quote": "29 APR. 2026",
"value": {
"date": "2026-04-29"
},
"object": null,
"subject": "e1"
},
{
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 08/05/2026 - Annexes du Moniteur belge",
"value": {
"date": "2026-05-08"
},
"object": null,
"subject": "e1"
},
{
"type": "act_object",
"quote": "Onderwerp akte: Zetelverplaatsing",
"value": "Zetelverplaatsing",
"object": null,
"subject": null
}
],
"act_meta": {
"model_id": 40,
"extractor": "open-capture-27b-v3",
"ocr_chars": 950,
"truncated": false,
"needs_verify": true
},
"entities": [
{
"id": "e1",
"kbo": "0627.742.725",
"kind": "company",
"name": "FUSED",
"attrs": {
"new_seat": "Prinsenbos 1 - 3460 Assent",
"old_seat": "Bosterestraat 56 - 3290 Diest",
"legal_form": "BV"
}
},
{
"id": "e2",
"kbo": null,
"kind": "person",
"name": "Gustin Lander",
"attrs": {
"role": "Bestuurder"
}
}
]
}27-10-2022 GUSTIN Lander reappointed as director
- GUSTIN Lander, Bestuurder
Technical details
{
"events": [
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "GUSTIN Lander",
"address": null,
"birth_date": null
},
"evidence_quote": "De algemene vergadering besluit de huidige niet-statutaire zaakvoerder, de Heer GUSTIN Lander, hiervoor reeds uitgebreider vermeld, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutaire bestuurder voor een onbepaalde duur.",
"discharge_granted": false
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0627.742.725",
"name_full": "FUSED",
"legal_form": "BVBA"
}
}02-04-2015 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "3290 Diest, Bosterestraat 56",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1986-01-11",
"name": "GUSTIN Lander No\u00EBl",
"niss": null,
"address": "3290 Diest, Bosterestraat 56"
},
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 18600,
"holder_person_name": "GUSTIN Lander No\u00EBl",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 18600,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600,
"subject_company": {
"kbo": "0627.742.725",
"name_full": "Fused",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2015-03-27",
"post_incorporation_mandates": []
}| Legal nameNL | Fused |