FUSION-K
ActiveSummary
For FUSION-K, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (€-5k) and a net result of €8k. Equity is shrinking by ~52.3% per year across the filed fiscal years. Its solvency ranks better than 7% of 13853 sector peers (fiscal year 2021). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2019
Profitability94▲+57
Solvency13▼-28
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Solvency, return and age of the figures
Solvency
-12%
Return on assets
20%
Age of the figures
60 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 18-05-2022, 18 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
not filed
2024
not filed
2023
not filed
2022
not filed
2021
18 d late
2019
56 d late
2018
422 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k
2019 · €-186
Working capital
€-5k
2019 · €6k
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
Line201820192021
Operating result€-963-€1k€14k-
Net result€-1k-€-186▲ 84.8%€8k-
Equity€8k-€8k▼ 2.2%€-5k-
Total assets€34k-€52k▲ 51.0%€38k-
Debt€26k-€43k▲ 68.4%€42k-
Working capital€4k-€6k▲ 44.4%€-5k-
Staff (FTE)1.3-1.3=1-
Result per fiscal year
Operating resultNet result
The operating result is €14k in 2021, compared with €1k in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €38k
Fixed assets
€588 ▼ 72.0%
Current assets
€37k ▼ 25.5%
Key figures and ratios
EBITDA
€15k▲
2019 · €2k
Cash flow
€9k▲
2019 · €864
Solvency
-12.0%▼
2019 · 16.0%
Current ratio
0.88▼
2019 · 1.14
Quick ratio
0.81▼
2019 · 1.07
Debt to equity
-9.33
ROA
20.0%▲
2019 · -0.4%
Interest coverage
58.29
Debt ≤ 1 year
€42k▼
2019 · €43k
Income taxes
€740▲
2019 · €125
Staff costs
€36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €36k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €1k | - |
| Other operating charges640/8 | - | - | €761 | - |
| Gross operating margin9900 | €25k | €40k | €52k | - |
| Operating profit (loss)9901 | €-963 | €1k | €14k | - |
| Financial income75/76B | - | - | €31 | - |
| Recurring financial income75 | - | - | €31 | - |
| Financial charges65/66B | - | - | €6k | - |
| Recurring financial charges65 | €255 | €1k | €255 | - |
| Non-recurring financial charges66B | - | - | €5k | - |
| Profit (loss) for the period before taxes9903 | €-1k | €-60 | €8k | - |
| Income taxes67/77 | - | €125 | €740 | - |
| Profit (loss) for the period9904 | €-1k | €-186 | €8k | - |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-186 | €8k | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €34k | €52k | €38k | - |
| Fixed assets21/28 | €4k | €2k | €588 | - |
| Tangible fixed assets22/27 | €4k | €2k | €463 | - |
| Furniture and vehicles24 | - | - | €463 | - |
| Financial fixed assets28 | - | - | €125 | - |
| Current assets29/58 | €30k | €50k | €37k | - |
| Stocks and contracts in progress3 | €3k | €3k | €3k | - |
| Stocks30/36 | - | - | €3k | - |
| Amounts receivable within one year40/41 | €26k | €42k | €24k | - |
| Trade receivables40 | - | - | €24k | - |
| Cash at bank and in hand54/58 | €1k | €5k | €10k | - |
| Deferred charges and accrued income490/1 | - | - | €557 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €34k | €52k | €38k | - |
| Equity10/15 | €8k | €8k | €-5k | - |
| Contributions10/11 | €6k | €6k | €6k | - |
| Capital10 | - | - | €6k | - |
| Issued capital100 | - | - | €19k | - |
| Uncalled capital101 | - | - | €12k | - |
| Reserves13 | €535 | €535 | €535 | - |
| Non-distributable reserves130/1 | - | - | €535 | - |
| Legal reserve130 | - | - | €535 | - |
| Profit (loss) carried forward14 | €2k | €1k | €-11k | - |
| Amounts payable17/49 | €26k | €43k | €42k | - |
| Amounts payable within one year42/48 | €26k | €43k | €42k | - |
| Trade debts44 | €10k | €16k | €15k | - |
| Suppliers440/4 | - | - | €15k | - |
| Taxes, remuneration and social security45 | - | - | €16k | - |
| Taxes450/3 | - | - | €10k | - |
| Remuneration and social security454/9 | - | - | €6k | - |
| Other amounts payable47/48 | - | - | €11k | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-186 | €8k | - |
| + Depreciation and write-downs630 | €2k | €1k | €1k | - |
| Operating cash flow (approximation) | €857 | €864 | €9k | - |
| Investment in fixed assets (approximation) | - | €1k | - | - |
| Change in cash | - | €4k | - | - |
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
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
30-09
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 422 days late
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 192 days late
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
23-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 23 days late
2012
02-04
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2006
Ground area
4,276 m²
Building footprint
259 m²
Volume, LiDAR
722 m³
3 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
FUSION-K SPRL
since 20062.157.220.711
FUSION-K
since 20142.229.902.415
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92054C0173/00B000 | Wallonia | 2,710 m² | - | - |
| 92082D0002/00L010 | Wallonia | 984 m² | 1 · 128 m² | 7.8 m · 2 fl. |
| 92054F0137/00H000 | Wallonia | 582 m² | 1 · 132 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0737.799.222
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WHAT'S UP STUDIO
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ICONFROG
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 3,997 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)
Founded26-10-2006
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
61100Wired, wireless and satellite telecommunications
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
Contact
Scores and ratios are computed by Checked and are not a credit decision.