FUSS
ActiveSummary
FUSS has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €392,627 and a net result of -€51,448. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 2075 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-63
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 14.44 against 8.37 in 2024; short-term debt: 6.1% and cash: 56% of total assets), and 7.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€51,448
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
23 d early
2023
27 d early
2022
24 d early
2021
39 d early
2020
29 d early
2019
17 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 oldest company in Eupen, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€51,448▼ 897%
2024 · -€5,162
Working capital
€348,341▼ 12.6%
2024 · €398,410
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result-€34,063€48,124-€4,915-€5,562▼ 13.2%-€51,891▼ 833%
Net result-€36,134below the sector's middle half▼ 9,853%€41,091within the sector's middle half-€5,179below the sector's middle half-€5,162below the sector's middle half▲ 0.3%-€51,448below the sector's middle half▼ 897%
Equity€447,726within the sector's middle half▼ 7.5%€454,417within the sector's middle half▲ 1.5%€449,238within the sector's middle half▼ 1.1%€444,075within the sector's middle half▼ 1.1%€392,627within the sector's middle half▼ 11.6%
Total assets€504,984within the sector's middle half▼ 13.8%€612,671within the sector's middle half▲ 21.3%€513,420within the sector's middle half▼ 16.2%€504,195within the sector's middle half▼ 1.8%€424,621below the sector's middle half▼ 15.8%
Debt€57,258▼ 44.0%€158,254▲ 176%€64,182▼ 59.4%€60,120▼ 6.3%€31,994▼ 46.8%
Working capital€373,463within the sector's middle half▼ 7.9%€353,564within the sector's middle half▼ 5.3%€378,865within the sector's middle half▲ 7.2%€398,410within the sector's middle half▲ 5.2%€348,341within the sector's middle half▼ 12.6%
Solvency88.7%above the sector's middle half▲ 6.1pp74.2%above the sector's middle half▼ 14.5pp87.5%above the sector's middle half▲ 13.3pp88.1%above the sector's middle half▲ 0.6pp92.5%above the sector's middle half▲ 4.4pp
Current ratio7.58above the sector's middle half▲ 2.593.33above the sector's middle half▼ 4.257.66above the sector's middle half▲ 4.338.37above the sector's middle half▲ 0.7114.44above the sector's middle half▲ 6.07
Return on assets (ROA)-7.2%below the sector's middle half▼ 7.1pp6.7%within the sector's middle half▲ 13.9pp-1.0%below the sector's middle half▼ 7.7pp-1.0%below the sector's middle half=-12.1%below the sector's middle half▼ 11.1pp
Staff (FTE)6within the sector's middle half▼ 14.3%6within the sector's middle half=6within the sector's middle half=5within the sector's middle half▼ 16.7%4below the sector's middle half▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51,891 in 2025 against €5,562 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €424,621
Fixed assets
€50,366 ▼ 2.6%
Current assets
€374,255 ▼ 17.3%
Equity and liabilities €424,621
Equity
€392,627 ▼ 11.6%
Debt
€31,994 ▼ 46.8%
Debt's share of the balance-sheet total falls from 11.9% to 7.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€22,171▼
2024 · €20,363
Cash flow
-€21,728▼
2024 · €20,763
Quick ratio
12.26▲
2024 · 7.62
Debt to equity
0.08▼
2024 · 0.14
ROE
-13.1%▼
2024 · -1.2%
Interest coverage
-14.21▼
2024 · 18.03
Debt ≤ 1 year
€25,914▼
2024 · €54,057
Income taxes
€791▼
2024 · €2,044
Staff costs
€191,755▼
2024 · €325,746
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 5,836 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €300,225 | €330,090 | €339,089 | €325,746 | €191,755 | ▼ 41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,107 | €31,959 | €31,880 | €25,925 | €29,720 | ▲ 14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €874 | - |
| Other operating charges640/8 | €12,515 | €19,761 | €9,594 | €10,184 | €8,508 | ▼ 16.5% |
| Gross operating margin9900 | €318,784 | €429,934 | €375,648 | €356,293 | €178,965 | ▼ 49.8% |
| Operating profit (loss)9901 | -€34,063 | €48,124 | -€4,915 | -€5,562 | -€51,891 | ▼ 833% |
| Financial income75/76B | €1,890 | €3,188 | €3,658 | €3,573 | €2,795 | ▼ 21.8% |
| Recurring financial income75 | €1,890 | €3,188 | €3,658 | €3,573 | €2,795 | ▼ 21.8% |
| Financial charges65/66B | €1,559 | €2,477 | €1,129 | €1,129 | €1,561 | ▲ 38.2% |
| Recurring financial charges65 | €1,559 | €2,477 | €1,129 | €1,129 | €1,561 | ▲ 38.2% |
| Profit (loss) for the period before taxes9903 | -€33,732 | €48,835 | -€2,386 | -€3,118 | -€50,657 | ▼ 1,525% |
| Income taxes67/77 | €2,402 | €7,744 | €2,793 | €2,044 | €791 | ▼ 61.3% |
| Profit (loss) for the period9904 | -€36,134 | €41,091 | -€5,179 | -€5,162 | -€51,448 | ▼ 897% |
| Profit (loss) for the period to be appropriated9905 | -€36,134 | €41,091 | -€5,179 | -€5,162 | -€51,448 | ▼ 897% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €504,984 | €612,671 | €513,420 | €504,195 | €424,621 | ▼ 15.8% |
| Fixed assets21/28 | €74,758 | €107,099 | €77,653 | €51,728 | €50,366 | ▼ 2.6% |
| Tangible fixed assets22/27 | €74,696 | €107,037 | €77,591 | €51,666 | €50,304 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | - | €2,161 | €1,350 | €2,736 | ▲ 103% |
| Furniture and vehicles24 | €73,042 | €106,210 | €75,430 | €50,317 | €47,568 | ▼ 5.5% |
| Other tangible fixed assets26 | €1,654 | €827 | - | - | - | - |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €430,226 | €505,572 | €435,766 | €452,467 | €374,255 | ▼ 17.3% |
| Stocks and contracts in progress3 | €30,287 | €34,479 | €70,882 | €40,396 | €56,584 | ▲ 40.1% |
| Stocks30/36 | €30,287 | €34,479 | €70,882 | €40,396 | €41,479 | ▲ 2.7% |
| Contracts in progress37 | - | - | - | - | €15,105 | - |
| Amounts receivable within one year40/41 | €76,294 | €94,444 | €59,626 | €73,316 | €63,666 | ▼ 13.2% |
| Trade receivables40 | €76,294 | €87,842 | €59,626 | €73,316 | €63,482 | ▼ 13.4% |
| Other amounts receivable41 | - | €6,602 | - | - | €183 | - |
| Cash at bank and in hand54/58 | €296,720 | €353,404 | €273,202 | €318,754 | €237,729 | ▼ 25.4% |
| Deferred charges and accrued income490/1 | €26,925 | €23,245 | €32,056 | €20,001 | €16,277 | ▼ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €504,984 | €612,671 | €513,420 | €504,195 | €424,621 | ▼ 15.8% |
| Equity10/15 | €447,726 | €454,417 | €449,238 | €444,075 | €392,627 | ▼ 11.6% |
| Contributions10/11 | €27,500 | €27,500 | €27,500 | €27,500 | €27,500 | = |
| Reserves13 | €104,438 | €104,438 | €104,438 | €104,438 | €104,438 | = |
| Non-distributable reserves130/1 | €2,750 | €2,750 | €2,750 | €2,750 | €2,750 | = |
| Reserves not available under the articles1311 | €2,750 | €2,750 | €2,750 | €2,750 | €2,750 | = |
| Tax-exempt reserves132 | €25,352 | €25,352 | €25,352 | €25,352 | €25,352 | = |
| Distributable reserves133 | €76,337 | €76,337 | €76,337 | €76,337 | €76,337 | = |
| Profit (loss) carried forward14 | €315,787 | €322,479 | €317,299 | €312,137 | €260,689 | ▼ 16.5% |
| Amounts payable17/49 | €57,258 | €158,254 | €64,182 | €60,120 | €31,994 | ▼ 46.8% |
| Amounts payable within one year42/48 | €56,763 | €152,008 | €56,901 | €54,057 | €25,914 | ▼ 52.1% |
| Trade debts44 | €1,865 | €40,166 | €1,759 | €1,145 | €5,506 | ▲ 381% |
| Suppliers440/4 | €1,865 | €40,166 | €1,759 | €1,145 | €5,506 | ▲ 381% |
| Advances received on contracts in progress46 | - | - | - | €3,121 | - | - |
| Taxes, remuneration and social security45 | €36,064 | €58,766 | €41,800 | €37,120 | €20,408 | ▼ 45.0% |
| Taxes450/3 | €11,772 | €16,576 | €15,546 | €20,541 | €8,368 | ▼ 59.3% |
| Remuneration and social security454/9 | €24,291 | €42,190 | €26,253 | €16,579 | €12,040 | ▼ 27.4% |
| Other amounts payable47/48 | €18,835 | €53,076 | €13,342 | €12,671 | - | - |
| Accrued charges and deferred income492/3 | €495 | €6,246 | €7,281 | €6,063 | €6,080 | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,134 | €41,091 | -€5,179 | -€5,162 | -€51,448 | ▼ 897% |
| + Depreciation and write-downs630 | €40,107 | €31,959 | €31,880 | €25,925 | €29,720 | ▲ 14.6% |
| Operating cash flow (approximation) | €3,973 | €73,050 | €26,701 | €20,763 | -€21,728 | ▼ 205% |
| Investment in fixed assets (approximation) | - | -€64,300 | -€2,434 | €0 | -€28,358 | - |
| Change in cash | - | €56,684 | -€80,202 | €45,552 | -€81,025 | ▼ 278% |
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 2026, expected by
2026
23-09
State Gazette act
Resignation: MAWE CONSULT srl (director)Director discharge3 facts ▸
State Gazette act
Resignation: MAWE CONSULT srl (director)
Director discharge3 facts ▸
- General meeting, 27-05-2026
- Director resignation, MAWE CONSULT srl (director)
- Director discharge, MAWE CONSULT srl
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€51,448
Net result drops to -€51,448, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 7.66
Current ratio from 3.33 to 7.66; short-term debt falls from €152,008 to €56,901.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €41,091
Net result €41,091 after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 1976
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.
Rotenbergplatz 244700 Eupen1 establishment unit
FUSS
since 19762.011.728.233
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MAWE CONSULT |
|
Recognitions · licences · registrations
Recognised contractor
6 categoriesFUSS SRL15647
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Of 8,578 companies in sector 43410 we hold annual accounts for 4,369. 3,100 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
Founded22-12-1975
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43221Plumbing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415595114
Also
9925:BE0415595114
Registered
22-09-2025
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.