FIBRACO
ActiveSummary
FIBRACO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.72M and a net result of €11.14M. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+14
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.65M at 30 days acceptable
Liquidity ample (current ratio 31.24 against 60.23 in 2024; short-term debt: 3% and cash: 4.3% of total assets), and 3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
97%
Return on assets
57.7%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 05-12-2025, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
31 d early
2023
21 d early
2022
18 d early
2021
2 d early
2020
13 d early
2019
32 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 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close25-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€657k▲ 17.3%
2023 · €560k
2019: €259klowest in 6 years
2020: €284k▲ +9.7% vs 2019
2021: €670k▲ +136% vs 2020
2022: €679k▲ +1.3% vs 2021highest in 6 years
2023: €560k▼ -17.5% vs 2022
2024: €657k▲ +17.3% vs 2023
2019 → 2024
EBIT margin
77.2%▼ 1.1pp
2023 · 78.2%
2019: 37.5%lowest in 6 years
2020: 37.7%▲ +0.5% vs 2019
2021: 75.3%▲ +99.9% vs 2020
2022: 76.9%▲ +2.2% vs 2021
2023: 78.2%▲ +1.7% vs 2022highest in 6 years
2024: 77.2%▼ -1.4% vs 2023
2019 → 2024
Net result
€11.14M▲ 1,791%
2024 · €589k
2019: €47klowest in 7 years
2020: €61k▲ +30.9% vs 2019
2021: €469k▲ +670% vs 2020
2022: €322k▼ -31.3% vs 2021
2023: €299k▼ -7.2% vs 2022
2024: €589k▲ +97.1% vs 2023
2025: €11.14M▲ +1791% vs 2024highest in 7 years
2019 → 2025
Working capital
€17.76M▲ 330%
2024 · €4.13M
2019: €2.08Mlowest in 7 years
2020: €2.21M▲ +6.4% vs 2019
2021: €2.76M▲ +24.8% vs 2020
2022: €3.16M▲ +14.6% vs 2021
2023: €3.45M▲ +9.1% vs 2022
2024: €4.13M▲ +19.8% vs 2023
2025: €17.76M▲ +330% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€670k-€679k▲ 1.3%€560k▼ 17.5%€657k▲ 17.3%
2021: €670k
2022: €679k▲ +1.3% vs 2021highest in 4 years
2023: €560k▼ -17.5% vs 2022lowest in 4 years
2024: €657k▲ +17.3% vs 2023
Equity€6.36M-€6.69M▲ 5.1%€6.98M▲ 4.5%€7.57M▲ 8.4%€18.72M▲ 147%
2021: €6.36Mlowest in 5 years
2022: €6.69M▲ +5.1% vs 2021
2023: €6.98M▲ +4.5% vs 2022
2024: €7.57M▲ +8.4% vs 2023
2025: €18.72M▲ +147% vs 2024highest in 5 years
Operating result€504k-€522k▲ 3.6%€438k▼ 16.1%€507k▲ 15.7%€410k▼ 19.1%
2021: €504k
2022: €522k▲ +3.6% vs 2021highest in 5 years
2023: €438k▼ -16.1% vs 2022
2024: €507k▲ +15.7% vs 2023
2025: €410k▼ -19.1% vs 2024lowest in 5 years
Net result€469k-€322k▼ 31.3%€299k▼ 7.2%€589k▲ 97.1%€11.14M▲ 1,791%
2021: €469k
2022: €322k▼ -31.3% vs 2021
2023: €299k▼ -7.2% vs 2022lowest in 5 years
2024: €589k▲ +97.1% vs 2023
2025: €11.14M▲ +1791% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.30M
Fixed assets
€962k ▼ 72.1%
Current assets
€18.34M ▲ 337%
Equity and liabilities €19.30M
Equity
€18.72M ▲ 147%
Debt
€587k ▲ 743%
Debt's share of the balance-sheet total rises from 0.9% to 3.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€493k▼
2024 · €598k
Cash flow
€11.23M▲
2024 · €681k
Current ratio
31.24▼
2024 · 60.23
Debt to equity
0.03▲
2024 · 0.01
ROE
59.5%▲
2024 · 7.8%
ROA
57.7%▲
2024 · 7.7%
Interest coverage
-10797.59▼
2024 · 22.56
Debt ≤ 1 year
€587k▲
2024 · €70k
Income taxes
€730k▲
2024 · €150k
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 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.64M€19.30M▲
Fixed assets21/28€3.45M€962k▼
Tangible fixed assets22/27€645k€562k▼
Land and buildings22€530k€469k▼
Furniture and vehicles24€111k€91k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€2.80M€400k▼
Affiliated companies280/1€2.80M-
Participating interests280€1.95M-
Amounts receivable281€850k-
Other financial fixed assets284/8€198-
Amounts receivable and cash guarantees285/8€198-
Current assets29/58€4.20M€18.34M▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€88k€13.79M▲
Trade receivables40€0€10k▲
Other amounts receivable41€88k€13.78M▲
Current investments50/53€3.52M€3.53M▲
Other investments51/53€3.52M-
Cash at bank and in hand54/58€547k€825k▲
Deferred charges and accrued income490/1€38k€197k▲
Equity and liabilities
Total equity and liabilities10/49€7.64M€19.30M▲
Equity10/15€7.57M€18.72M▲
Contributions10/11€3.09M€3.09M=
Reserves13€4.49M€15.63M▲
Distributable reserves133€4.49M€15.63M▲
Profit (loss) carried forward14€3k€7k▲
Amounts payable17/49€70k€587k▲
Amounts payable within one year42/48€70k€587k▲
Trade debts44€3k€904▼
Suppliers440/4€3k€904▼
Taxes, remuneration and social security45€9k€559k▲
Taxes450/3€6k€559k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€58k€28k▼
Income statement
Code20242025
Operating income70/76A€720k-
Turnover70€657k-
Other operating income74€63k-
Non-recurring operating income76A€0-
Operating charges60/66A€213k-
Services and other goods61€113k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€83k▼
Other operating charges640/8€9k€13k▲
Gross operating margin9900-€506k
Operating profit (loss)9901€507k€410k▼
Financial income75/76B€151k€11.46M▲
Recurring financial income75€151k€11.46M▲
Income from financial fixed assets750€47k-
Income from current assets751€89k-
Other financial income752/9€15k-
Financial charges65/66B€-82k€-46▲
Recurring financial charges65€-82k€-46▲
Debt charges650€27k-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-116k-
Other financial charges652/9€8k-
Profit (loss) for the period before taxes9903€739k€11.87M▲
Income taxes67/77€150k€730k▲
Taxes670/3€150k-
Profit (loss) for the period9904€589k€11.14M▲
Profit (loss) for the period to be appropriated9905€589k€11.14M▲
Appropriation of the result
Profit (loss) to be appropriated9906€593k€11.15M▲
Profit (loss) brought forward from the previous period14P€4k€3k▼
Transfer to equity691/2€590k€11.14M▲
To other reserves6921€590k€11.14M▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €725k | €634k | €720k | - | - |
| Turnover70 | €670k | €679k | €560k | €657k | - | - |
| Other operating income74 | - | €46k | €59k | €63k | - | - |
| Non-recurring operating income76A | - | - | €15k | €0 | - | - |
| Operating charges60/66A | - | €203k | €196k | €213k | - | - |
| Services and other goods61 | - | €113k | €110k | €113k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84k | €81k | €77k | €91k | €83k | ▼ 9.1% |
| Other operating charges640/8 | - | €9k | €9k | €9k | €13k | ▲ 45.3% |
| Gross operating margin9900 | - | - | - | - | €506k | - |
| Operating profit (loss)9901 | €504k | €522k | €438k | €507k | €410k | ▼ 19.1% |
| Financial income75/76B | - | €58k | €59k | €151k | €11.46M | ▲ 7,506% |
| Recurring financial income75 | €114k | €58k | €59k | €151k | €11.46M | ▲ 7,506% |
| Income from financial fixed assets750 | - | €13k | €28k | €47k | - | - |
| Income from current assets751 | - | €39k | €29k | €89k | - | - |
| Other financial income752/9 | - | €6k | €2k | €15k | - | - |
| Financial charges65/66B | - | €117k | €82k | €-82k | €-46 | ▲ 99.9% |
| Recurring financial charges65 | €-5k | €117k | €82k | €-82k | €-46 | ▲ 99.9% |
| Debt charges650 | €19k | €18k | €21k | €27k | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €95k | €54k | €-116k | - | - |
| Other financial charges652/9 | - | €4k | €6k | €8k | - | - |
| Profit (loss) for the period before taxes9903 | €623k | €463k | €415k | €739k | €11.87M | ▲ 1,507% |
| Income taxes67/77 | €154k | €141k | €116k | €150k | €730k | ▲ 387% |
| Taxes670/3 | - | €141k | €116k | €150k | - | - |
| Profit (loss) for the period9904 | €469k | €322k | €299k | €589k | €11.14M | ▲ 1,791% |
| Transfer from tax-exempt reserves789 | - | €14k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €474k | €336k | €299k | €589k | €11.14M | ▲ 1,791% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.86M | €7.16M | €7.47M | €7.64M | €19.30M | ▲ 153% |
| Fixed assets21/28 | €3.61M | €3.53M | €3.54M | €3.45M | €962k | ▼ 72.1% |
| Tangible fixed assets22/27 | €803k | €724k | €737k | €645k | €562k | ▼ 12.9% |
| Land and buildings22 | - | €668k | €599k | €530k | €469k | ▼ 11.6% |
| Furniture and vehicles24 | - | €49k | €132k | €111k | €91k | ▼ 18.2% |
| Other tangible fixed assets26 | - | €7k | €5k | €4k | €3k | ▼ 37.5% |
| Financial fixed assets28 | €2.80M | €2.80M | €2.80M | €2.80M | €400k | ▼ 85.7% |
| Affiliated companies280/1 | - | €2.80M | €2.80M | €2.80M | - | - |
| Participating interests280 | - | €1.95M | €1.95M | €1.95M | - | - |
| Amounts receivable281 | - | €850k | €850k | €850k | - | - |
| Other financial fixed assets284/8 | - | €198 | €198 | €198 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €198 | €198 | €198 | - | - |
| Current assets29/58 | €3.26M | €3.64M | €3.93M | €4.20M | €18.34M | ▲ 337% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €24k | €39k | €90k | €88k | €13.79M | ▲ 15,600% |
| Trade receivables40 | - | €18k | €18k | €0 | €10k | - |
| Other amounts receivable41 | - | €21k | €72k | €88k | €13.78M | ▲ 15,589% |
| Current investments50/53 | €1.01M | €1.82M | €3.31M | €3.52M | €3.53M | ▲ 0.1% |
| Other investments51/53 | - | €1.82M | €3.31M | €3.52M | - | - |
| Cash at bank and in hand54/58 | €2.21M | €1.77M | €503k | €547k | €825k | ▲ 51.0% |
| Deferred charges and accrued income490/1 | - | €9k | €35k | €38k | €197k | ▲ 423% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.86M | €7.16M | €7.47M | €7.64M | €19.30M | ▲ 153% |
| Equity10/15 | €6.36M | €6.69M | €6.98M | €7.57M | €18.72M | ▲ 147% |
| Contributions10/11 | - | €3.09M | €3.09M | €3.09M | €3.09M | = |
| Reserves13 | €3.28M | €3.60M | €3.90M | €4.49M | €15.63M | ▲ 248% |
| Non-distributable reserves130/1 | - | €309k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €309k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €3.29M | €3.90M | €4.49M | €15.63M | ▲ 248% |
| Profit (loss) carried forward14 | €101 | €1k | €4k | €3k | €7k | ▲ 134% |
| Amounts payable17/49 | €500k | €479k | €487k | €70k | €587k | ▲ 743% |
| Amounts payable within one year42/48 | €500k | €479k | €487k | €70k | €587k | ▲ 743% |
| Trade debts44 | €529 | €6k | €11k | €3k | €904 | ▼ 66.5% |
| Suppliers440/4 | - | €6k | €11k | €3k | €904 | ▼ 66.5% |
| Taxes, remuneration and social security45 | - | €13k | €3k | €9k | €559k | ▲ 6,284% |
| Taxes450/3 | - | €10k | €832 | €6k | €559k | ▲ 9,079% |
| Remuneration and social security454/9 | - | €3k | €3k | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €461k | €473k | €58k | €28k | ▼ 52.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €469k | €322k | €299k | €589k | €11.14M | ▲ 1,791% |
| + Depreciation and write-downs630 | €84k | €81k | €77k | €91k | €83k | ▼ 9.1% |
| Operating cash flow (approximation) | €553k | €403k | €376k | €681k | €11.23M | ▲ 1,549% |
| Investment in fixed assets (approximation) | - | €-2k | €-89k | €0 | €2.40M | - |
| Change in cash | - | €-439k | €-1.27M | €44k | €279k | ▲ 538% |
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
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-05
Financial
Highest result since 2019net €11.14M ▲1,791%
Net result €11.14M, the highest in the series.
31-05
Financial
Equity above €10MEq €18.72M ▲147%
7 profitable years in a row build equity to €18.72M.
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-05
Financial
Liquidity times 7current ratio 60.23
Current ratio from 8.07 to 60.23; short-term debt falls from €487k to €70k.
2023
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
2 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, Nieuwpoort · 1 establishment unit since 1991
Ground area
2,391 m²
Building footprint
238 m²
Volume, LiDAR
1,761 m³
Parcel 38402D0183/00L000, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FIBRACO BVBA
since 19912.051.167.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0183/00L000 | Flanders | 2,391 m² | 1 · 238 m² | 14.3 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500WHEL7GB1Y9NX39
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 4,254 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
Founded13-12-1990
Fiscal year end31-05
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.