Point Fusion
ActivePoint Fusion has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €32k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 23% of 429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency35▲+16
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.07 in 2024), and 80.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eleven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
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
19.4%
Return on assets
11.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 429 sector peers (2025).
NBB · sector comparisonPosition among 429 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €55k
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 14-07-2026, 17 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
17 d early
2024
27 d early
2023
54 d late
2022
31 d early
2021
29 d late
2020
11 d early
2019
13 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32k▲ 295%
2024 · €8k
2019: €7k
2020: €8k
2021: €7k
2022: €-2k
2023: €-31k
2024: €8k
2019 → 2025
Working capital
€48k▲ 166%
2024 · €18k
2019: €40k
2020: €97k
2021: €96k
2022: €64k
2023: €35k
2024: €18k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€50k▼ 10.0%€33k▼ 32.5%€29k▼ 12.4%€55k▲ 88.7%
Operating result€8k-€-634€-33k▼ 5,140%€7k€32k▲ 343%
Net result€7k-€-2k€-31k▼ 1,600%€8k€32k▲ 295%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 343% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285k
Fixed assets
€49k▼ 7.3%
Current assets
€237k▼ 13.1%
Equity and liabilities €285k
Equity
€55k▲ 88.7%
Provisions
€41k=
Debt
€189k▼ 25.8%
The debt ratio falls from 78.3% to 66.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€50k▲
2024 · €26k
Cash flow
€50k▲
2024 · €27k
Solvency
19.4%▲
2024 · 9.0%
Current ratio
1.25▲
2024 · 1.07
Quick ratio
1.25▲
2024 · 1.07
Debt / equity
3.42▼
2024 · 8.69
ROE
57.9%▲
2024 · 27.6%
ROA
11.2%▲
2024 · 2.5%
Interest coverage
116.83▲
2024 · 43.26
Debt
€189k▼
2024 · €254k
Debt ≤ 1 year
€189k▼
2024 · €254k
Staff costs
€242k▼
2024 · €379k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€325k€285k▼
Fixed assets21/28€53k€49k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€44k€41k▼
Plant, machinery and equipment23€27k€21k▼
Furniture and vehicles24€10k€7k▼
Other tangible fixed assets26€7k€8k▲
Assets under construction and advance payments27-€4k
Financial fixed assets28€6k€6k=
Current assets29/58€272k€237k▼
Amounts receivable within one year40/41€205k€201k▼
Trade receivables40€4k€3k▼
Other amounts receivable41€201k€198k▼
Cash at bank and in hand54/58€66k€35k▼
Deferred charges and accrued income490/1€957€1k▲
Equity and liabilities
Total equity and liabilities10/49€325k€285k▼
Equity10/15€29k€55k▲
Reserves13€19k€51k▲
Profit (loss) carried forward14€0-
Investment grants15€10k€4k▼
Provisions and deferred taxes16€41k€41k=
Amounts payable17/49€254k€189k▼
Amounts payable within one year42/48€254k€189k▼
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Taxes, remuneration and social security45€41k€24k▼
Remuneration and social security454/9€41k€24k▼
Accrued charges and deferred income492/3€6€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€379k€242k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€72-
Other operating charges640/8€2k€978▼
Gross operating margin9900€416k€293k▼
Operating profit (loss)9901€7k€32k▲
Financial income75/76B€1k€78▼
Recurring financial income75€103€78▼
Non-recurring financial income76B€1k€0▼
Financial charges65/66B€602€432▼
Recurring financial charges65€602€432▼
Profit (loss) for the period before taxes9903€8k€32k▲
Profit (loss) for the period9904€8k€32k▲
Profit (loss) for the period to be appropriated9905€8k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€32k▲
Profit (loss) brought forward from the previous period14P€0-
To contributions691€8k€32k▲
Social balance
Average headcount (FTE)90875.24.4▼
The notes to these accounts (11 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €32k ▲295%
Operating result €32k, net result €32k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
17-07-2025
DELIZEE Jean-Marc: Resigned as Director
25-06-2025
Renaud BIERLAIRE: Resigned as Director
30-11-2021
Guillaume ALLARD: Resigned as Director
30-11-2021
Vincent DONCKERS: Resigned as Director
26-10-2021
CPAS de Viroinval: Resigned as Director
26-10-2021
DATH Joël: Resigned as Director
26-10-2021
VINCENT Véronique: Resigned as Director
23-10-2019
LOVERIUS Bernard: Resigned as Director
10-11-2014
Dimitri GULLEKES: Resigned as Director
10-11-2014
Guy DALOSE: Resigned as Director
10-11-2014
Michel GOUDAILLER: Resigned as Director
10-11-2014
Pierre Lombart: Resigned as Director
27-03-2006
Roger Maegerman: Resigned as Director
Location & real-estate footprint
Registered office, Couvin · 2 establishment units since 2005
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 Véroffe 105660 CouvinGround area
1,065 m²
Parcel 93039B0104/00K002, Wallonia. Linked by address, not a title deed.
2 establishment units
Point Fusion
since 20052.148.406.082
Point Fusion
since 20252.382.189.148
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93039B0104/00K002 | Wallonia | 1,065 m² | - | - |
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.
Statutory auditor
1 auditor| Nathanaëlle Berger Statutory auditor | - → 23-02-2018 |
Similar companies · same sector, comparable size
TEMIS
BE 0465.279.306
Hoeilaart · Eq €55k
BUSY BEE PROJECTS
BE 0475.074.029
Asse · Eq €55k
Art Emoi
BE 0772.459.302
Namur · Eq €55k
LIFTDA
BE 0753.948.732
Brugge · Eq €55k
ANTOINE Bernard
BE 0765.840.140
Amay · Eq €54k
Of 3,007 companies in sector 85592 we hold annual accounts for 984. 708 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded15-10-2003
Fiscal year end31-12
Activities, NACEBEL
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@pointfusion.be