Fusion Consult
ActiveSummary
Fusion Consult has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3,555 and a net result of €61,735. Equity is shrinking by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 198 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency32▲+1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2026Solvency, return and age of the figures
Solvency
7.4%
Return on assets
129.1%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 198 sector peers (2026).
NBB · sector comparisonPosition among 198 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-06-2026, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
150 d early
2025
6 d early
2024
1 d early
2023
4 d early
2022
9 d late
2021
33 d early
2020
25 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 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 27 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€3,555▼ 6.9%
2025 · €3,820
Total assets
€47,808▼ 23.3%
2025 · €62,368
Net result
€61,735▼ 24.4%
2025 · €81,712
Working capital
-€8,955▼ 112%
2025 · -€4,216
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20222023202420252026
Operating result€22,671▼ 82.7%€41,496▲ 83.0%€60,918▲ 46.8%€102,890▲ 68.9%€83,463▼ 18.9%
Net result€16,743within the sector's middle half▼ 83.3%€30,571within the sector's middle half▲ 82.6%€46,411within the sector's middle half▲ 51.8%€81,712above the sector's middle half▲ 76.1%€61,735▼ 24.4%
Equity€21,636below the sector's middle half▼ 69.0%€9,207below the sector's middle half▼ 57.4%€3,108below the sector's middle half▼ 66.2%€3,820below the sector's middle half▲ 22.9%€3,555▼ 6.9%
Total assets€70,985within the sector's middle half▼ 48.5%€52,441below the sector's middle half▼ 26.1%€36,639below the sector's middle half▼ 30.1%€62,368below the sector's middle half▲ 70.2%€47,808▼ 23.3%
Debt€49,348▼ 27.5%€43,233▼ 12.4%€33,531▼ 22.4%€58,548▲ 74.6%€44,253▼ 24.4%
Working capital€2,815below the sector's middle half▼ 93.7%€2,859below the sector's middle half▲ 1.6%-€217below the sector's middle half-€4,216below the sector's middle half▼ 1,846%-€8,955▼ 112%
Solvency30.5%below the sector's middle half▼ 20.2pp17.6%below the sector's middle half▼ 12.9pp8.5%below the sector's middle half▼ 9.1pp6.1%below the sector's middle half▼ 2.4pp7.4%▲ 1.3pp
Current ratio1.06below the sector's middle half▼ 0.601.07below the sector's middle half▲ 0.010.99below the sector's middle half▼ 0.070.93below the sector's middle half▼ 0.070.80▼ 0.13
Return on assets (ROA)23.6%within the sector's middle half▼ 49.1pp58.3%above the sector's middle half▲ 34.7pp126.7%above the sector's middle half▲ 68.4pp131.0%above the sector's middle half▲ 4.3pp129.1%▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 2026; 2026 is 19% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €47,808
Fixed assets
€12,510 ▲ 55.7%
Current assets
€35,298 ▼ 35.0%
Equity and liabilities €47,808
Equity
€3,555 ▼ 6.9%
Debt
€44,253 ▼ 24.4%
Debt's share of the balance-sheet total falls from 93.9% to 92.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€87,926▼
2025 · €105,779
Cash flow
€66,198▼
2025 · €84,601
Debt to equity
12.45▼
2025 · 15.33
Interest coverage
17.71▼
2025 · 214.85
Debt ≤ 1 year
€44,253▼
2025 · €58,548
Income taxes
€17,120▼
2025 · €21,172
A ratio outside any meaningful range has been withheld (balance sheet total €47,808, equity €3,555).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,324 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 1,324 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,270 | €12,809 | €5,202 | €2,890 | €4,463 | ▲ 54.5% |
| Other operating charges640/8 | €692 | €344 | €567 | €394 | €1,992 | ▲ 406% |
| Gross operating margin9900 | €35,633 | €54,649 | €66,687 | €106,173 | €89,918 | ▼ 15.3% |
| Operating profit (loss)9901 | €22,671 | €41,496 | €60,918 | €102,890 | €83,463 | ▼ 18.9% |
| Financial income75/76B | - | €853 | - | €487 | €357 | ▼ 26.6% |
| Recurring financial income75 | - | €853 | - | €487 | €357 | ▼ 26.6% |
| Financial charges65/66B | €684 | €2,327 | €808 | €492 | €4,965 | ▲ 908% |
| Recurring financial charges65 | €684 | €2,327 | €808 | €492 | €4,965 | ▲ 908% |
| Profit (loss) for the period before taxes9903 | €21,987 | €40,021 | €60,111 | €102,884 | €78,855 | ▼ 23.4% |
| Income taxes67/77 | €5,243 | €9,450 | €13,700 | €21,172 | €17,120 | ▼ 19.1% |
| Profit (loss) for the period9904 | €16,743 | €30,571 | €46,411 | €81,712 | €61,735 | ▼ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €16,743 | €30,571 | €46,411 | €81,712 | €61,735 | ▼ 24.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,985 | €52,441 | €36,639 | €62,368 | €47,808 | ▼ 23.3% |
| Fixed assets21/28 | €18,821 | €6,349 | €3,325 | €8,036 | €12,510 | ▲ 55.7% |
| Tangible fixed assets22/27 | €18,731 | €6,259 | €3,235 | €7,946 | €12,420 | ▲ 56.3% |
| Plant, machinery and equipment23 | €8,444 | €4,456 | €1,952 | €2,940 | €7,589 | ▲ 158% |
| Furniture and vehicles24 | €4,569 | €1,326 | €1,260 | €5,007 | €2,915 | ▼ 41.8% |
| Leasing and similar rights25 | €5,155 | €194 | €23 | - | - | - |
| Other tangible fixed assets26 | €564 | €282 | - | - | €1,916 | - |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €52,163 | €46,092 | €33,314 | €54,332 | €35,298 | ▼ 35.0% |
| Amounts receivable within one year40/41 | €38,642 | €43,966 | €29,377 | €41,615 | €21,651 | ▼ 48.0% |
| Trade receivables40 | €37,113 | €24,726 | €28,375 | €33,344 | €21,651 | ▼ 35.1% |
| Other amounts receivable41 | €1,530 | €19,240 | €1,003 | €8,271 | - | - |
| Cash at bank and in hand54/58 | €13,521 | €393 | €3,937 | €12,717 | €13,647 | ▲ 7.3% |
| Deferred charges and accrued income490/1 | - | €1,733 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,985 | €52,441 | €36,639 | €62,368 | €47,808 | ▼ 23.3% |
| Equity10/15 | €21,636 | €9,207 | €3,108 | €3,820 | €3,555 | ▼ 6.9% |
| Contributions10/11 | €6,200 | €6,200 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €13,576 | €1,147 | €108 | €820 | €555 | ▼ 32.3% |
| Amounts payable17/49 | €49,348 | €43,233 | €33,531 | €58,548 | €44,253 | ▼ 24.4% |
| Amounts payable within one year42/48 | €49,348 | €43,233 | €33,531 | €58,548 | €44,253 | ▼ 24.4% |
| Trade debts44 | €3,063 | €2,429 | €2,028 | €2,832 | €3,557 | ▲ 25.6% |
| Suppliers440/4 | €3,063 | €2,429 | €2,028 | €2,832 | €3,557 | ▲ 25.6% |
| Taxes, remuneration and social security45 | €44,528 | €40,804 | €31,387 | €55,716 | €40,570 | ▼ 27.2% |
| Taxes450/3 | €44,528 | €40,804 | €31,387 | €55,716 | €40,570 | ▼ 27.2% |
| Other amounts payable47/48 | €1,758 | - | €116 | - | €126 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,743 | €30,571 | €46,411 | €81,712 | €61,735 | ▼ 24.4% |
| + Depreciation and write-downs630 | €12,270 | €12,809 | €5,202 | €2,890 | €4,463 | ▲ 54.5% |
| Operating cash flow (approximation) | €29,014 | €43,381 | €51,613 | €84,601 | €66,198 | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | -€336 | -€2,178 | -€7,601 | -€8,937 | ▼ 17.6% |
| Change in cash | - | -€13,128 | €3,545 | €8,780 | €930 | ▼ 89.4% |
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 2027, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
25-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
31-03
Financial
Weakest financial yearnet €16,743 ▼83.3%
Net result drops to €16,743, the lowest in the series; recovery starts the following year.
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2020net €100,247 ▲48.6%
Operating result €131,365, net result €100,247, both a record.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2016
10-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kraainem · 1 establishment unit since 2011
Ground area
394 m²
Building footprint
100 m²
Volume, LiDAR
779 m³
Parcel 22002B0080/00F002, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kraainemlaan 16, 1950 Kraainem
since 20112.203.556.720
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002B0080/00F002 | Flanders | 394 m² | 1 · 100 m² | 11.3 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.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 4,792 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
Founded11-10-2011
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840180643
Registered
30-12-2025
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.