Summary
HOLDING FUSE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €44k and a net result of €16k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 5527 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
11 d early
2024
13 d early
2023
12 d early
2022
19 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€44k▲ 54.7%
2024 · €29k
2022: €16k
2023: €26k
2024: €29k
2022 → 2025
Net result
€16k▲ 456%
2024 · €3k
2022: €11k
2023: €10k
2024: €3k
2022 → 2025
Total assets
€190k▲ 6.9%
2024 · €178k
2022: €208k
2023: €186k
2024: €178k
2022 → 2025
Solvency
23.4%▲ 7.2pp
2024 · 16.2%
2022: 7.5%
2023: 13.9%
2024: 16.2%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€16k-€26k▲ 65.5%€29k▲ 10.9%€44k▲ 54.7%
Operating result€17k-€16k▼ 6.3%€7k▼ 55.5%€23k▲ 223%
Net result€11k-€10k▼ 3.8%€3k▼ 72.4%€16k▲ 456%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 223% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190k
Fixed assets
€175k =
Current assets
€15k ▲ 443%
Equity and liabilities €190k
Equity
€44k ▲ 54.7%
Debt
€146k ▼ 2.3%
Debt's share of the balance-sheet total falls from 83.8% to 76.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
35.3%▲
2024 · 9.8%
ROA
8.3%▲
2024 · 1.6%
Debt ≤ 1 year
€54k▲
2024 · €40k
Debt > 1 year
€91k▼
2024 · €109k
Income taxes
€4k▲
2024 · €879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€178k€190k▲
Fixed assets21/28€175k€175k=
Financial fixed assets28€175k€175k=
Current assets29/58€3k€15k▲
Amounts receivable within one year40/41-€12k
Trade receivables40-€12k
Cash at bank and in hand54/58€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€178k€190k▲
Equity10/15€29k€44k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€24k€39k▲
Amounts payable17/49€149k€146k▼
Amounts payable after more than one year17€109k€91k▼
Financial debts170/4€109k€91k▼
Amounts payable within one year42/48€40k€54k▲
Current portion of amounts payable after more than one year42€18k€17k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€9k€11k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€11k€24k▲
Income statement
Code20242025
Gross operating margin9900€7k€23k▲
Operating profit (loss)9901€7k€23k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€4k€20k▲
Income taxes67/77€879€4k▲
Profit (loss) for the period9904€3k€16k▲
Profit (loss) for the period to be appropriated9905€3k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€39k▲
Profit (loss) brought forward from the previous period14P€21k€24k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €16k ▲456%
Operating result €23k, net result €16k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €3k ▼72.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Chimay · 1 establishment unit since 2021
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.
Rue du Petit Canton(S-R) 736460 ChimayGround area
4,440 m²
Building footprint
154 m²
Volume, LiDAR
1,221 m³
Parcel 56067B0231/00C004, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HOLDING FUSE
since 20212.325.982.202
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56067B0231/00C004 | Wallonia | 4,439 m² | 1 · 154 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 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
Vermo management
BE 1008.536.021
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BE 0691.578.524
Gent · Eq €44,398
Ikosphera
BE 0768.300.772
Wezembeek-Oppem · Eq €44,391
HJ Management
BE 0762.628.252
Zoersel · Eq €44,374
Loïsette
BE 1003.702.154
Knokke-Heist · Eq €44,461
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 10,050 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2021
Fiscal year end31-12
Trade name FR
SRL HOLDING FUSE
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.