Summary
MICROFUSION 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 €412,478 and a net result of -€28,964. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 36% of 6,655 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€1.2mtotal assets 2025
- Equity
- €412,478
- Loss
- -€28,964
Turnover not published (abbreviated format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 37 days early7 deeds in the Belgian Official Gazette
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-09-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
2 days early
2023
on the day
2022
3 days early
2021
9 days early
2020
9 days late
2019
7 days late
← 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 5 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 28 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end28-10-2026 today31-10-2026 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€28,964
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
Equity
€412,478▼ 6.6%
2024 · €441,441
Net result
-€28,964
2024 · €19,788
Total assets
€1.2m▼ 5.3%
2024 · €1.3m
Solvency
34.5%▼ 0.5pp
2024 · 35.0%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €8,978 after €46,371 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.009m
2025
Net result-€0.03m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.2m
2025
Equity€0.4m
2025
Debt€0.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-2.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.80
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.1m▼ 10.1%€0.1m▲ 46.9%€0.1m▼ 23.4%€0.2m▲ 64.5%€0.05m▼ 74.6%-€0.009m
Net result€0.09m-€0.06mwithin the sector's middle half▼ 28.6%€0.1mwithin the sector's middle half▲ 56.7%€0.07mwithin the sector's middle half▼ 25.2%€0.1mwithin the sector's middle half▲ 70.5%€0.02mwithin the sector's middle half▼ 83.8%-€0.03mbelow the sector's middle half
Equity€0.07m-€0.1mbelow the sector's middle half▲ 86.2%€0.2mwithin the sector's middle half▲ 72.5%€0.3mwithin the sector's middle half▲ 31.5%€0.4mwithin the sector's middle half▲ 40.8%€0.4mwithin the sector's middle half▲ 4.7%€0.4mwithin the sector's middle half▼ 6.6%
Total assets€0.4m-€0.4mbelow the sector's middle half▼ 0.3%€0.7mwithin the sector's middle half▲ 58.0%€1.1mwithin the sector's middle half▲ 64.6%€1.4mwithin the sector's middle half▲ 20.2%€1.3mwithin the sector's middle half▼ 8.3%€1.2mwithin the sector's middle half▼ 5.3%
Debt€0.4m-€0.3m▼ 17.4%€0.5m▲ 53.9%€0.8m▲ 82.9%€0.9m▲ 13.1%€0.8m▼ 14.2%€0.8m▼ 4.8%
Working capital-€0.06m--€0.01mwithin the sector's middle half▲ 77.4%€0.05mwithin the sector's middle half€0.07mwithin the sector's middle half▲ 44.9%€0.1mwithin the sector's middle half▲ 110%€0.1mwithin the sector's middle half▼ 14.1%€0.1mwithin the sector's middle half▲ 9.5%
Solvency16.1%-30.0%within the sector's middle half▲ 13.9pp32.7%within the sector's middle half▲ 2.8pp26.1%within the sector's middle half▼ 6.6pp30.6%within the sector's middle half▲ 4.5pp35.0%within the sector's middle half▲ 4.3pp34.5%within the sector's middle half▼ 0.5pp
Current ratio0.53-0.86within the sector's middle half▲ 0.331.44within the sector's middle half▲ 0.581.45within the sector's middle half▲ 0.011.77within the sector's middle half▲ 0.322.15within the sector's middle half▲ 0.382.80within the sector's middle half▲ 0.65
Return on assets (ROA)19.4%-13.9%above the sector's middle half▼ 5.5pp13.8%above the sector's middle half▼ 0.1pp6.3%within the sector's middle half▼ 7.5pp8.9%within the sector's middle half▲ 2.6pp1.6%within the sector's middle half▼ 7.3pp-2.4%below the sector's middle half▼ 4.0pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€989,106 ▼ 4.6%
Current assets
€206,363 ▼ 8.9%
Equity and liabilities €1.2m
Equity
€412,478 ▼ 6.6%
Provisions
€12,000 =
Debt
€770,992 ▼ 4.8%
Debt's share of the balance-sheet total rises from 64.1% to 64.5%. Equity and debt are lower.
Key figures and ratios
ROE
-7.0%▼
2024 · 4.5%
Debt ≤ 1 year
€73,687▼
2024 · €105,384
Debt > 1 year
€646,305▼
2024 · €704,099
Income taxes
€190▼
2024 · €11,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,915 | €30,694 | €42,580 | €36,551 | €45,558 | €51,591 | €48,416 | ▼ 6.2% |
| Other operating charges640/8 | - | - | - | €55,767 | €39,535 | €4,838 | €6,888 | ▲ 42.4% |
| Gross operating margin9900 | €136,190 | €130,969 | €195,603 | €203,467 | €267,882 | €102,800 | €46,326 | ▼ 54.9% |
| Operating profit (loss)9901 | €109,788 | €98,724 | €145,063 | €111,149 | €182,789 | €46,371 | -€8,978 | - |
| Financial income75/76B | - | - | - | €4,597 | €1,506 | €2,601 | €4,170 | ▲ 60.3% |
| Recurring financial income75 | €0 | €174 | €2,256 | €4,597 | €1,506 | €2,601 | €4,170 | ▲ 60.3% |
| Financial charges65/66B | - | - | - | €15,478 | €21,535 | €18,168 | €23,965 | ▲ 31.9% |
| Recurring financial charges65 | €12,978 | €11,949 | €12,743 | €15,478 | €21,535 | €18,168 | €23,965 | ▲ 31.9% |
| Profit (loss) for the period before taxes9903 | €96,810 | €86,948 | €134,577 | €100,267 | €162,760 | €30,804 | -€28,774 | - |
| Income taxes67/77 | €11,223 | €25,834 | €38,799 | €28,604 | €40,587 | €11,016 | €190 | ▼ 98.3% |
| Profit (loss) for the period9904 | €85,587 | €61,115 | €95,778 | €71,664 | €122,173 | €19,788 | -€28,964 | - |
| Profit (loss) for the period to be appropriated9905 | €85,587 | €61,115 | €95,778 | €71,664 | €122,173 | €19,788 | -€28,964 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.4m | €0.4m | €0.7m | €1.1m | €1.4m | €1.3m | €1.2m | ▼ 5.3% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.5m | €0.9m | €1.1m | €1.0m | €1.0m | ▼ 4.6% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.5m | €0.9m | €1.1m | €1.0m | €1.0m | ▼ 4.6% |
| Land and buildings22 | - | - | - | €0.9m | €1.0m | €1.0m | €1.0m | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.001m | €0.001m | ▼ 38.7% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.04m | €0.03m | ▼ 26.3% |
| Financial fixed assets28 | - | - | - | €0.001m | €0.001m | €297 | €297 | = |
| Current assets29/58 | €0.07m | €0.09m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 8.9% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other amounts receivable291 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts receivable within one year40/41 | €0.02m | €0.04m | €0.07m | €0 | €0.04m | €0.07m | €0.06m | ▼ 9.5% |
| Trade receivables40 | - | - | - | €0 | €0.002m | €0.001m | €0.005m | ▲ 350% |
| Other amounts receivable41 | - | - | - | €0 | €0.04m | €0.06m | €0.05m | ▼ 16.3% |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.08m | €0.1m | €0.2m | €0.06m | €0.04m | ▼ 23.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.003m | €0.002m | ▼ 19.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.4m | €0.4m | €0.7m | €1.1m | €1.4m | €1.3m | €1.2m | ▼ 5.3% |
| Equity10/15 | €0.07m | €0.1m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 6.6% |
| Contributions10/11 | €0.02m | €0 | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.05m | €0.1m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 6.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 6.9% |
| Provisions and deferred taxes16 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Environmental obligations163 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts payable17/49 | €0.4m | €0.3m | €0.5m | €0.8m | €0.9m | €0.8m | €0.8m | ▼ 4.8% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.3m | €0.7m | €0.8m | €0.7m | €0.6m | ▼ 8.2% |
| Financial debts170/4 | - | - | - | €0.7m | €0.8m | €0.7m | €0.6m | ▼ 8.2% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.07m | ▼ 30.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.05m | €0.06m | €0.06m | ▲ 3.0% |
| Financial debts43 | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Trade debts44 | €0.03m | €0.01m | €0.005m | €0.05m | €0.04m | €0.03m | €0.008m | ▼ 76.1% |
| Suppliers440/4 | - | - | - | €0.05m | €0.04m | €0.03m | €0.008m | ▼ 76.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.08m | €0.01m | €0.001m | ▼ 93.3% |
| Taxes450/3 | - | - | - | €0.05m | €0.08m | €0.01m | €0.001m | ▼ 93.3% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.009m | €0.004m | €0.007m | ▲ 101% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.05m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,587 | €61,115 | €95,778 | €71,664 | €122,173 | €19,788 | -€28,964 | - |
| + Depreciation and write-downs630 | €24,915 | €30,694 | €42,580 | €36,551 | €45,558 | €51,591 | €48,416 | ▼ 6.2% |
| Operating cash flow (approximation) | €110,503 | €91,809 | €138,358 | €108,215 | €167,732 | €71,379 | €19,453 | ▼ 72.7% |
| Investment in fixed assets (approximation) | - | -€14,251 | -€231,009 | -€420,663 | -€171,083 | -€35,173 | -€1,153 | ▲ 96.7% |
| Change in cash | - | -€5,361 | €33,471 | €39,179 | €66,411 | -€124,023 | -€13,421 | ▲ 89.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | abbreviated format | 24-09-2025 | 2025-00500757 |
| 31-03-2024 | abbreviated format | 29-10-2024 | 2024-00519849 |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00499800 |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20482408 |
| 31-03-2021 | abbreviated format | 22-10-2021 | 2021-72500243 |
| 31-03-2020 | abbreviated format | 09-11-2020 | 2020-69000480 |
| 31-03-2019 | abbreviated format | 07-11-2019 | 2019-73200251 |
| 31-03-2018 | abbreviated format | 29-10-2018 | 2018-70100592 |
| 31-03-2017 | abbreviated format | 22-09-2017 | 2017-61700202 |
| 31-03-2016 | abbreviated format | 30-09-2016 | 2016-63400395 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,074. 13,870 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2025
24-09
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
31-03
Financial
Weakest financial yearnet -€28,964
Net result drops to -€28,964, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2023
31-10
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
31-03
Financial
Highest result from 2019 to 2025net €122,173 ▲70.5%
Operating result €182,789, net result €122,173, both a record.
2022
28-10
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2021
22-10
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
31-03
Financial
Equity above €200,000equity €227,816 ▲72.5%
A profit in every financial year since 2019 builds equity to €227,816.
2020
09-11
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 9 days late
31-03
Financial
Equity above €100,000equity €132,038 ▲86.2%
A profit in every financial year since 2019 builds equity to €132,038.
2019
07-11
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 7 days late
2018
29-10
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2017
22-09
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2016
30-09
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 16 annual accounts filed, the latest 10 are here; all 16 are under Financials.
0 of 7 deeds read
About the unread acts
We know of 7 Belgian Official 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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Register details
Identification
Legal formPrivate limited company
Founded12-09-2008
Financial year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
62900Other information technology and computer services
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806518772
Also
9925:BE0806518772
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Lier · 1 establishment unit since 2009
Ground area
5.6 ha
Building footprint
2.3 ha
Building volume
252,228 m³
Parcel 12392A0300/00C000, Flanders · tallest building 20.8 m. Linked by address, not a title deed.
65
companies at this address
See who is registered here
1 establishment unit
MICROFUSION
since 2009unit no. 2.177.668.212
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12392A0300/00C000 | Flanders | 5.6 ha | 1 · 2.3 ha | 20.8 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.