FYRCO
ActiveSummary
FYRCO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €554,193 and a net result of €323,657. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97=
Solvency64▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.27 in 2024; short-term debt: 60.9% and cash: 35.1% of total assets), but 61.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.9%
Return on assets
22.7%
Age of the figures
9 mo
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
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 03-04-2026, 119 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
119 d early
2024
20 d early
2023
2 d late
2022
30 d late
2021
100 d early
2020
5 d early
2019
31 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 35 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 11 July (4 of the last 5 filed years within 80 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 fastest grower in Mechelen, Wholesale and retail trade sector
Equity
€554,193▲ 41.7%
2024 · €391,157
Total assets
€1.4m▲ 10.6%
2024 · €1.3m
Net result
€323,657▲ 10.7%
2024 · €292,330
Working capital
€451,621▲ 87.7%
2024 · €240,545
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€381,520▲ 125%€239,953▼ 37.1%€293,601▲ 22.4%€420,824▲ 43.3%€459,562▲ 9.2%
Net result€253,876above the sector's middle half▲ 119%€170,560above the sector's middle half▼ 32.8%€205,842above the sector's middle half▲ 20.7%€292,330above the sector's middle half▲ 42.0%€323,657above the sector's middle half▲ 10.7%
Equity€385,961within the sector's middle half▲ 83.3%€348,587within the sector's middle half▼ 9.7%€307,828within the sector's middle half▼ 11.7%€391,157within the sector's middle half▲ 27.1%€554,193within the sector's middle half▲ 41.7%
Total assets€1.1mwithin the sector's middle half▲ 25.1%€1.1mwithin the sector's middle half=€1.1mwithin the sector's middle half▲ 2.9%€1.3mwithin the sector's middle half▲ 12.6%€1.4mwithin the sector's middle half▲ 10.6%
Debt€725,431▲ 7.0%€762,360▲ 5.1%€835,811▲ 9.6%€896,450▲ 7.3%€870,169▼ 2.9%
Working capital€326,451within the sector's middle half▲ 72.8%€281,244within the sector's middle half▼ 13.8%€151,570within the sector's middle half▼ 46.1%€240,545within the sector's middle half▲ 58.7%€451,621above the sector's middle half▲ 87.7%
Solvency34.7%within the sector's middle half▲ 11.0pp31.4%within the sector's middle half▼ 3.4pp26.9%within the sector's middle half▼ 4.5pp30.4%within the sector's middle half▲ 3.5pp38.9%within the sector's middle half▲ 8.5pp
Current ratio1.48within the sector's middle half▲ 0.171.38within the sector's middle half▼ 0.101.18within the sector's middle half▼ 0.201.27within the sector's middle half▲ 0.081.52within the sector's middle half▲ 0.25
Return on assets (ROA)22.8%above the sector's middle half▲ 9.8pp15.4%above the sector's middle half▼ 7.5pp18.0%above the sector's middle half▲ 2.6pp22.7%above the sector's middle half▲ 4.7pp22.7%above the sector's middle half=
Staff (FTE)9.7above the sector's middle half▲ 16.9%11.4above the sector's middle half▲ 17.5%13.5above the sector's middle half▲ 18.4%16.2above the sector's middle half▲ 20.0%19.9above the sector's middle half▲ 22.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€105,216 ▼ 31.2%
Current assets
€1.3m ▲ 16.3%
Equity and liabilities €1.4m
Equity
€554,193 ▲ 41.7%
Debt
€870,169 ▼ 2.9%
Debt's share of the balance-sheet total falls from 69.6% to 61.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€512,781▲
2024 · €473,304
Cash flow
€376,877▲
2024 · €344,810
Quick ratio
0.97▲
2024 · 0.82
Debt to equity
1.57▼
2024 · 2.29
ROE
58.4%▼
2024 · 74.7%
Interest coverage
44.52▲
2024 · 21.09
Debt ≤ 1 year
€867,525▼
2024 · €894,199
Income taxes
€124,386▲
2024 · €106,153
Staff costs
€1.1m▲
2024 · €918,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
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 17,810 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 | €494,133 | €542,372 | €742,185 | €918,100 | €1.1m | ▲ 21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,753 | €25,331 | €56,243 | €52,480 | €53,220 | ▲ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €521 | €3,585 | €2,394 | €14,497 | €11,193 | ▼ 22.8% |
| Other operating charges640/8 | €11,920 | €18,561 | €13,403 | €21,535 | €21,834 | ▲ 1.4% |
| Non-recurring operating charges66A | - | - | €1,939 | €0 | - | - |
| Gross operating margin9900 | €906,847 | €829,803 | €1.1m | €1.4m | €1.7m | ▲ 16.5% |
| Operating profit (loss)9901 | €381,520 | €239,953 | €293,601 | €420,824 | €459,562 | ▲ 9.2% |
| Financial income75/76B | €11 | €54 | €217 | €96 | €0 | ▼ 100% |
| Recurring financial income75 | €11 | €54 | €217 | €96 | €0 | ▼ 100% |
| Financial charges65/66B | €13,953 | €10,909 | €9,216 | €22,437 | €11,518 | ▼ 48.7% |
| Recurring financial charges65 | €13,953 | €10,909 | €9,216 | €22,437 | €11,518 | ▼ 48.7% |
| Profit (loss) for the period before taxes9903 | €367,579 | €229,099 | €284,603 | €398,483 | €448,044 | ▲ 12.4% |
| Income taxes67/77 | €113,703 | €58,539 | €78,761 | €106,153 | €124,386 | ▲ 17.2% |
| Profit (loss) for the period9904 | €253,876 | €170,560 | €205,842 | €292,330 | €323,657 | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €253,876 | €170,560 | €205,842 | €292,330 | €323,657 | ▲ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.3m | €1.4m | ▲ 10.6% |
| Fixed assets21/28 | €109,576 | €96,661 | €169,054 | €152,863 | €105,216 | ▼ 31.2% |
| Intangible fixed assets21 | €4,295 | €3,342 | €82,579 | €78,000 | €57,409 | ▼ 26.4% |
| Tangible fixed assets22/27 | €91,343 | €79,381 | €74,475 | €62,863 | €35,806 | ▼ 43.0% |
| Plant, machinery and equipment23 | €22,798 | €16,851 | €11,222 | €10,089 | €7,405 | ▼ 26.6% |
| Furniture and vehicles24 | €68,545 | €62,530 | €63,253 | €45,998 | €23,149 | ▼ 49.7% |
| Other tangible fixed assets26 | €0 | - | - | €6,775 | €5,252 | ▼ 22.5% |
| Financial fixed assets28 | €13,939 | €13,939 | €12,000 | €12,000 | €12,000 | = |
| Current assets29/58 | €1.0m | €1.0m | €974,585 | €1.1m | €1.3m | ▲ 16.3% |
| Stocks and contracts in progress3 | €329,867 | €537,880 | €437,594 | €403,814 | €480,504 | ▲ 19.0% |
| Stocks30/36 | €329,867 | €537,880 | €437,594 | €403,814 | €480,504 | ▲ 19.0% |
| Amounts receivable within one year40/41 | €157,405 | €82,526 | €154,260 | €186,556 | €264,460 | ▲ 41.8% |
| Trade receivables40 | €146,639 | €82,471 | €154,260 | €186,556 | €264,460 | ▲ 41.8% |
| Other amounts receivable41 | €10,766 | €55 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €492,139 | €379,328 | €351,236 | €513,378 | €499,624 | ▼ 2.7% |
| Deferred charges and accrued income490/1 | €22,404 | €14,551 | €31,495 | €30,996 | €74,558 | ▲ 141% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.3m | €1.4m | ▲ 10.6% |
| Equity10/15 | €385,961 | €348,587 | €307,828 | €391,157 | €554,193 | ▲ 41.7% |
| Contributions10/11 | €8,200 | €8,200 | €8,200 | €8,200 | €8,200 | = |
| Reserves13 | €234,874 | €226,940 | €226,940 | €226,940 | €226,940 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Other1319 | - | - | €0 | - | - | - |
| Distributable reserves133 | €233,014 | €225,080 | €226,940 | €226,940 | €226,940 | = |
| Profit (loss) carried forward14 | €142,887 | €113,447 | €72,689 | €156,018 | €319,053 | ▲ 104% |
| Amounts payable17/49 | €725,431 | €762,360 | €835,811 | €896,450 | €870,169 | ▼ 2.9% |
| Amounts payable after more than one year17 | €50,066 | €27,519 | €11,295 | €0 | - | - |
| Financial debts170/4 | €50,066 | €27,519 | €11,295 | €0 | - | - |
| Amounts payable within one year42/48 | €675,364 | €733,041 | €823,015 | €894,199 | €867,525 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | €79,659 | €68,402 | €86,224 | €36,652 | €43,978 | ▲ 20.0% |
| Trade debts44 | €326,490 | €276,922 | €274,451 | €420,745 | €393,869 | ▼ 6.4% |
| Suppliers440/4 | €326,490 | €276,922 | €274,451 | €420,745 | €393,869 | ▼ 6.4% |
| Advances received on contracts in progress46 | - | €227 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €220,215 | €187,490 | €227,340 | €227,800 | €269,056 | ▲ 18.1% |
| Taxes450/3 | €167,226 | €99,753 | €74,262 | €86,141 | €148,057 | ▲ 71.9% |
| Remuneration and social security454/9 | €52,990 | €87,736 | €153,079 | €141,659 | €120,999 | ▼ 14.6% |
| Other amounts payable47/48 | €49,000 | €200,000 | €235,000 | €209,001 | €160,622 | ▼ 23.1% |
| Accrued charges and deferred income492/3 | €0 | €1,800 | €1,500 | €2,251 | €2,644 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €253,876 | €170,560 | €205,842 | €292,330 | €323,657 | ▲ 10.7% |
| + Depreciation and write-downs630 | €18,753 | €25,331 | €56,243 | €52,480 | €53,220 | ▲ 1.4% |
| Operating cash flow (approximation) | €272,629 | €195,891 | €262,085 | €344,810 | €376,877 | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | -€12,416 | -€128,636 | -€36,289 | -€5,572 | ▲ 84.6% |
| Change in cash | - | -€112,811 | -€28,091 | €162,142 | -€13,754 | ▼ 108% |
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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €323,657 ▲10.7%
Operating result €459,562, net result €323,657, both a record.
31-12
Financial
Equity above €500,000Eq €554,193 ▲41.7%
8 profitable years in a row build equity to €554,193.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €210,532 ▲24.3%
3 profitable years in a row build equity to €210,532.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150,000Eq €169,328 ▲232%
2 profitable years in a row build equity to €169,328.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Mechelen · 1 establishment unit since 2012
Ground area
1,142 m²
Building footprint
612 m²
Volume, LiDAR
4,483 m³
Parcel 12402A0077/00L000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FYRCO
since 20122.214.220.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0077/00L000 | Flanders | 1,142 m² | 1 · 612 m² | 9.1 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- SAFETEEN
- FYRCO
Highest known parent: SAFETEEN. The sources do not say who stands above it.
Owners 1
- SAFETEENparentSourceaccounts SAFETEEN 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 27,417 EUR awarded · 27,068 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,987 EUR | 4,987 EUR |
| 2024 | 4 | 13,163 EUR | 12,814 EUR |
| 2023 | 2 | 7,931 EUR | 7,931 EUR |
| 2022 | 1 | 1,336 EUR | 1,336 EUR |
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 4 endedLogistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Verpakker (vwo)
Verpakker duaal (so)
Show 4 ended approvals
Magazijnmedewerker (so)
Magazijnmedewerker (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,073 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
Founded05-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
27900Manufacture of electrical equipment
28293Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
43240Other construction installation
46649Wholesale of other machinery and equipment
53200Other postal and courier activities
62200Computer consultancy and computer facilities management
74999Other professional, scientific and technical activities
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833079055
Also
9925:BE0833079055
Registered
05-06-2025
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.