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THE FIXER

Active
Private limited companyfounded 201610 yrs activeVan Goethemstraat 20, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0647.730.762
Summary

THE FIXER has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,912 and a net result of -€9,585. Its solvency ranks better than 16% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes
Profitability0
Solvency38
Growth-
Track record85
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.15; short-term debt: 87% and cash: 0.4% of total assets), and 87% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
13%
Return on assets
-31.9%
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 16% of 28806 sector peers (2025).
NBB · sector comparison
Position among 28806 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
28 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 18 January 2016, THE FIXER was incorporated.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€3,912
Total assets
€30,058
Net result
-€9,585
Working capital
€3,912

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €30,058
Equity €3,912
Debt €26,146
Debt finances 87.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€7,642
Cash flow
-€9,367
Current ratio
1.15
Quick ratio
0.49
Debt to equity
6.68
ROE
-245.0%
ROA
-31.9%
Interest coverage
-5.30
Debt ≤ 1 year
€26,146
Income taxes
€284

Peer companies

Historical observation

Of the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
6.0% stopped otherwise
90% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,294 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
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€30,058
Fixed assets21/28€0
Tangible fixed assets22/27€0
Plant, machinery and equipment23€0
Current assets29/58€30,058
Stocks and contracts in progress3€17,300
Stocks30/36€8,500
Contracts in progress37€8,800
Amounts receivable within one year40/41€4,474
Trade receivables40€2,353
Other amounts receivable41€2,121
Cash at bank and in hand54/58€124
Deferred charges and accrued income490/1€8,160
Equity and liabilities
Total equity and liabilities10/49€30,058
Equity10/15€3,912
Contributions10/11€1,000
Reserves13€100
Non-distributable reserves130/1€100
Reserves not available under the articles1311€100
Profit (loss) carried forward14€2,812
Amounts payable17/49€26,146
Amounts payable within one year42/48€26,146
Financial debts43€6,386
Credit institutions430/8€6,386
Trade debts44€9,525
Suppliers440/4€9,525
Taxes, remuneration and social security45€1,467
Taxes450/3€1,467
Other amounts payable47/48€8,768
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€219
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Other operating charges640/8€1,347
Non-recurring operating charges66A€0
Gross operating margin9900-€6,295
Operating profit (loss)9901-€7,861
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,441
Recurring financial charges65€1,441
Profit (loss) for the period before taxes9903-€9,301
Income taxes67/77€284
Profit (loss) for the period9904-€9,585
Profit (loss) for the period to be appropriated9905-€9,585
Appropriation of the result
Profit (loss) to be appropriated9906€2,812
Profit (loss) brought forward from the previous period14P€12,397

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€219
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Other operating charges640/8€1,347
Non-recurring operating charges66A€0
Gross operating margin9900-€6,295
Operating profit (loss)9901-€7,861
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,441
Recurring financial charges65€1,441
Profit (loss) for the period before taxes9903-€9,301
Income taxes67/77€284
Profit (loss) for the period9904-€9,585
Profit (loss) for the period to be appropriated9905-€9,585
Line2025
Assets
Total assets20/58€30,058
Fixed assets21/28€0
Tangible fixed assets22/27€0
Plant, machinery and equipment23€0
Current assets29/58€30,058
Stocks and contracts in progress3€17,300
Stocks30/36€8,500
Contracts in progress37€8,800
Amounts receivable within one year40/41€4,474
Trade receivables40€2,353
Other amounts receivable41€2,121
Cash at bank and in hand54/58€124
Deferred charges and accrued income490/1€8,160
Equity and liabilities
Total equity and liabilities10/49€30,058
Equity10/15€3,912
Contributions10/11€1,000
Reserves13€100
Non-distributable reserves130/1€100
Reserves not available under the articles1311€100
Profit (loss) carried forward14€2,812
Amounts payable17/49€26,146
Amounts payable within one year42/48€26,146
Financial debts43€6,386
Credit institutions430/8€6,386
Trade debts44€9,525
Suppliers440/4€9,525
Taxes, remuneration and social security45€1,467
Taxes450/3€1,467
Other amounts payable47/48€8,768
Line2025
Profit (loss) for the period9904-€9,585
+ Depreciation and write-downs630€219
Operating cash flow (approximation)-€9,367

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
125 m²
Building footprint
83 m²
Volume, LiDAR
450 m³
Parcel 44043A0201/00T002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THE FIXER
Van Goethemstraat 20, 9820 Merelbeke-MelleRepair, maintenance and installation of machinery and equipment
since 20162.250.492.941
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44043A0201/00T002 Flanders 125 m² 1 · 83 m² 10.8 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.

Similar companies · same sector, comparable size

Of 7,038 companies in this sector we hold annual accounts for 3,481. 913 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded18-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0647730762
Also 9925:BE0647730762
Registered 04-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.