FUSION S.A
Dissolution or liquidationThe KBO register records for FUSION S.A the legal situation: dissolution or liquidation (code 013); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show negative equity (€-111k) and a net result of €-136k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-111k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
83 d late
2022
236 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-111k
2023 · €25k
2022: €98k
2023: €25k
2022 → 2024
Total assets
€317k▼ 54.3%
2023 · €693k
2022: €588k
2023: €693k
2022 → 2024
Net result
€-136k▼ 84.6%
2023 · €-73k
2022: €46k
2023: €-73k
2022 → 2024
Working capital
€-133k
2023 · €10k
2022: €78k
2023: €10k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€98k-€25k▼ 74.7%€-111k
Operating result€76k-€-26k€-112k▼ 327%
Net result€46k-€-73k€-136k▼ 84.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €112k in 2024 against €26k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €317k
Fixed assets
€55k▼ 13.0%
Current assets
€262k▼ 58.4%
Key figures and ratios
EBITDA
€-104k▼
2023 · €-16k
Cash flow
€-127k▼
2023 · €-63k
Solvency
-34.9%▼
2023 · 3.6%
Current ratio
0.66▼
2023 · 1.02
Quick ratio
0.51▼
2023 · 0.86
Debt / equity
-3.86▼
2023 · 26.86
ROA
-42.8%▼
2023 · -10.6%
Interest coverage
-4.37▼
2023 · -0.59
Debt
€427k▼
2023 · €668k
Debt ≤ 1 year
€396k▼
2023 · €620k
Debt > 1 year
€32k▼
2023 · €40k
Income taxes
€786▼
2023 · €25k
Staff costs
€234k▲
2023 · €179k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€693k€317k▼
Fixed assets21/28€63k€55k▼
Tangible fixed assets22/27€61k€52k▼
Land and buildings22€38k€33k▼
Plant, machinery and equipment23€19k€16k▼
Furniture and vehicles24€4k€4k▼
Financial fixed assets28€2k€2k=
Current assets29/58€630k€262k▼
Stocks and contracts in progress3€97k€62k▼
Stocks30/36€97k€62k▼
Amounts receivable within one year40/41€425k€188k▼
Trade receivables40€363k€76k▼
Other amounts receivable41€63k€113k▲
Cash at bank and in hand54/58€103k€8k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€693k€317k▼
Equity10/15€25k€-111k▼
Contributions10/11€134k€134k=
Profit (loss) carried forward14€-109k€-244k▼
Amounts payable17/49€668k€427k▼
Amounts payable after more than one year17€40k€32k▼
Financial debts170/4€40k€32k▼
Amounts payable within one year42/48€620k€396k▼
Current portion of amounts payable after more than one year42€13k€8k▼
Financial debts43€225k€280k▲
Credit institutions430/8€225k€280k▲
Trade debts44€230k€28k▼
Suppliers440/4€230k€28k▼
Advances received on contracts in progress46€8k€8k=
Taxes, remuneration and social security45€144k€61k▼
Taxes450/3€82k€18k▼
Remuneration and social security454/9€63k€43k▼
Other amounts payable47/48€103€10k▲
Accrued charges and deferred income492/3€8k-
Income statement
Code20232024
Non-recurring operating income76A-€13k
Remuneration, social security and pensions62€179k€234k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Other operating charges640/8€4k€11k▲
Non-recurring operating charges66A€400€11k▲
Gross operating margin9900€167k€153k▼
Operating profit (loss)9901€-26k€-112k▼
Financial income75/76B€5k€982▼
Recurring financial income75€5k€982▼
Financial charges65/66B€27k€24k▼
Recurring financial charges65€27k€24k▼
Profit (loss) for the period before taxes9903€-49k€-135k▼
Income taxes67/77€25k€786▼
Profit (loss) for the period9904€-73k€-136k▼
Profit (loss) for the period to be appropriated9905€-73k€-136k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-109k€-244k▼
Profit (loss) brought forward from the previous period14P€-35k€-109k▼
Social balance
Average headcount (FTE)90873.13.3▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 236 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Amel · 1 establishment unit since 2001
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.
Meyerode,Rodescht 24770 AmelGround area
322 m²
Building footprint
273 m²
Volume, LiDAR
3,524 m³
Parcel 63049D0209/00P002, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Arsilliers 55, 4960 Malmedy
since 20012.098.510.470
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049D0209/00P002indicative | Wallonia | 322 m² | 1 · 273 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
0 of 1 parcel 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
ELECTRONIC DESIGN SUPPORT
BE 0670.988.194
Pajottegem · Eq €25k
LES CAVES DE THERESE
BE 0449.328.348
Sint-Pieters-Woluwe · Eq €25k
LR. Lighting
BE 0752.789.482
Boussu · Eq €24k
PRUNE
BE 0877.515.844
Sint-Genesius-Rode · Eq €24k
DELACO
BE 0442.043.252
Sint-Pieters-Woluwe · Eq €25k
Of 766 companies in sector 47552 we hold annual accounts for 444. 255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-10-2001
Fiscal year end31-12
Activities, NACEBEL
47552Retail sale of lighting equipment
47592Retail trade
52442
43990Other specialised construction activities
43999Specialised construction activities
45250
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:080/330.371
Fax:080/330.683