FICALEX
ActiveSummary
FICALEX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €397k and a net result of €43k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-2
Solvency82▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.96 against 5.81 in 2024; short-term debt: 9.9% and cash: 34.7% of total assets), and 42.5% 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+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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
57.5%
Return on assets
6.3%
Age of the figures
9 mo
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 13-06-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
47 d early
2023
44 d early
2022
49 d early
2021
40 d early
2020
46 d early
2019
44 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€397k▲ 11.4%
2024 · €356k
2018: €80klowest in 8 years
2019: €129k▲ +60.7% vs 2018
2020: €167k▲ +29.2% vs 2019
2021: €202k▲ +20.8% vs 2020
2022: €258k▲ +27.8% vs 2021
2023: €304k▲ +17.7% vs 2022
2024: €356k▲ +17.4% vs 2023
2025: €397k▲ +11.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€691k▲ 5.8%
2024 · €653k
2018: €242klowest in 8 years
2019: €269k▲ +11.2% vs 2018
2020: €272k▲ +0.9% vs 2019
2021: €277k▲ +2.1% vs 2020
2022: €321k▲ +15.8% vs 2021
2023: €540k▲ +68.2% vs 2022
2024: €653k▲ +20.9% vs 2023
2025: €691k▲ +5.8% vs 2024highest in 8 years
2018 → 2025
Net result
€43k▼ 20.5%
2024 · €55k
2018: €22klowest in 8 years
2019: €49k▲ +122% vs 2018
2020: €38k▼ -22.5% vs 2019
2021: €35k▼ -7.9% vs 2020
2022: €46k▲ +30.9% vs 2021
2023: €46k● -0.0% vs 2022
2024: €55k▲ +20.0% vs 2023highest in 8 years
2025: €43k▼ -20.5% vs 2024
2018 → 2025
Working capital
€203k▼ 19.4%
2024 · €252k
2018: €11klowest in 8 years
2019: €51k▲ +380% vs 2018
2020: €93k▲ +84.0% vs 2019
2021: €159k▲ +70.7% vs 2020
2022: €209k▲ +31.4% vs 2021
2023: €195k▼ -6.9% vs 2022
2024: €252k▲ +29.0% vs 2023highest in 8 years
2025: €203k▼ -19.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€202k-€258k▲ 27.8%€304k▲ 17.7%€356k▲ 17.4%€397k▲ 11.4%
2021: €202klowest in 5 years
2022: €258k▲ +27.8% vs 2021
2023: €304k▲ +17.7% vs 2022
2024: €356k▲ +17.4% vs 2023
2025: €397k▲ +11.4% vs 2024highest in 5 years
Operating result€47k-€58k▲ 24.9%€58k▼ 1.0%€74k▲ 28.4%€63k▼ 15.0%
2021: €47klowest in 5 years
2022: €58k▲ +24.9% vs 2021
2023: €58k▼ -1.0% vs 2022
2024: €74k▲ +28.4% vs 2023highest in 5 years
2025: €63k▼ -15.0% vs 2024
Net result€35k-€46k▲ 30.9%€46k=€55k▲ 20.0%€43k▼ 20.5%
2021: €35klowest in 5 years
2022: €46k▲ +30.9% vs 2021
2023: €46k● -0.0% vs 2022
2024: €55k▲ +20.0% vs 2023highest in 5 years
2025: €43k▼ -20.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €691k
Fixed assets
€420k ▲ 20.2%
Current assets
€271k ▼ 10.8%
Equity and liabilities €691k
Equity
€397k ▲ 11.4%
Debt
€294k ▼ 1.0%
Debt's share of the balance-sheet total falls from 45.4% to 42.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95k▼
2024 · €96k
Cash flow
€75k▼
2024 · €76k
Current ratio
3.96▼
2024 · 5.81
Debt to equity
0.74▼
2024 · 0.83
ROE
10.9%▼
2024 · 15.3%
ROA
6.3%▼
2024 · 8.4%
Interest coverage
8.66▼
2024 · 9.38
Debt ≤ 1 year
€68k▲
2024 · €52k
Debt > 1 year
€225k▼
2024 · €243k
Income taxes
€13k▼
2024 · €16k
Staff costs
€125k▲
2024 · €116k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€653k€691k▲
Fixed assets21/28€349k€420k▲
Tangible fixed assets22/27€349k€420k▲
Land and buildings22€93k€337k▲
Furniture and vehicles24€50k€58k▲
Other tangible fixed assets26€33k€25k▼
Assets under construction and advance payments27€173k-
Financial fixed assets28€50€50=
Current assets29/58€304k€271k▼
Amounts receivable within one year40/41€16k€26k▲
Trade receivables40€16k€22k▲
Other amounts receivable41€760€4k▲
Current investments50/53€100k-
Cash at bank and in hand54/58€179k€240k▲
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€653k€691k▲
Equity10/15€356k€397k▲
Contributions10/11€19k€19k=
Reserves13€13k€13k=
Tax-exempt reserves132€13k€13k=
Profit (loss) carried forward14€325k€366k▲
Amounts payable17/49€297k€294k▼
Amounts payable after more than one year17€243k€225k▼
Financial debts170/4€243k€225k▼
Amounts payable within one year42/48€52k€68k▲
Current portion of amounts payable after more than one year42€8k€17k▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€14k€16k▲
Taxes450/3€210-
Remuneration and social security454/9€14k€16k▲
Other amounts payable47/48€29k€29k▼
Accrued charges and deferred income492/3€1k€117▼
Income statement
Code20242025
Remuneration, social security and pensions62€116k€125k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€32k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€213k€223k▲
Operating profit (loss)9901€74k€63k▼
Financial income75/76B€6k€4k▼
Recurring financial income75€6k€4k▼
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€70k€56k▼
Income taxes67/77€16k€13k▼
Profit (loss) for the period9904€55k€43k▼
Profit (loss) for the period to be appropriated9905€55k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€327k€369k▲
Profit (loss) brought forward from the previous period14P€273k€325k▲
Profit to be distributed694/7€2k€3k▲
Employees696€2k€3k▲
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15k | - | - | - |
| Remuneration, social security and pensions62 | €78k | €82k | €110k | €116k | €125k | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €24k | €18k | €22k | €32k | ▲ 46.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2k | - | - | - |
| Other operating charges640/8 | €2k | €535 | €20k | €1k | €3k | ▲ 165% |
| Gross operating margin9900 | €167k | €164k | €208k | €213k | €223k | ▲ 5.0% |
| Operating profit (loss)9901 | €47k | €58k | €58k | €74k | €63k | ▼ 15.0% |
| Financial income75/76B | €269 | €683 | €3k | €6k | €4k | ▼ 34.0% |
| Recurring financial income75 | €269 | €683 | €3k | €6k | €4k | ▼ 34.0% |
| Financial charges65/66B | €1k | €831 | €3k | €10k | €11k | ▲ 7.0% |
| Recurring financial charges65 | €1k | €831 | €3k | €10k | €11k | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €46k | €58k | €57k | €70k | €56k | ▼ 20.0% |
| Income taxes67/77 | €11k | €13k | €12k | €16k | €13k | ▼ 18.0% |
| Profit (loss) for the period9904 | €35k | €46k | €46k | €55k | €43k | ▼ 20.5% |
| Profit (loss) for the period to be appropriated9905 | €35k | €46k | €46k | €55k | €43k | ▼ 20.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €277k | €321k | €540k | €653k | €691k | ▲ 5.8% |
| Fixed assets21/28 | €61k | €49k | €293k | €349k | €420k | ▲ 20.2% |
| Intangible fixed assets21 | €11k | - | - | - | - | - |
| Tangible fixed assets22/27 | €49k | €49k | €293k | €349k | €420k | ▲ 20.2% |
| Land and buildings22 | - | - | €93k | €93k | €337k | ▲ 262% |
| Furniture and vehicles24 | €5k | €268 | €47k | €50k | €58k | ▲ 14.8% |
| Other tangible fixed assets26 | €44k | €48k | €41k | €33k | €25k | ▼ 23.8% |
| Assets under construction and advance payments27 | - | - | €113k | €173k | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €217k | €272k | €248k | €304k | €271k | ▼ 10.8% |
| Amounts receivable within one year40/41 | €13k | €23k | €26k | €16k | €26k | ▲ 60.9% |
| Trade receivables40 | €12k | €22k | €18k | €16k | €22k | ▲ 40.8% |
| Other amounts receivable41 | €1k | €1k | €7k | €760 | €4k | ▲ 472% |
| Current investments50/53 | - | - | €100k | €100k | - | - |
| Cash at bank and in hand54/58 | €200k | €245k | €118k | €179k | €240k | ▲ 34.0% |
| Deferred charges and accrued income490/1 | €3k | €4k | €4k | €9k | €5k | ▼ 41.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €277k | €321k | €540k | €653k | €691k | ▲ 5.8% |
| Equity10/15 | €202k | €258k | €304k | €356k | €397k | ▲ 11.4% |
| Contributions10/11 | €8k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €13k | €13k | €13k | €13k | €13k | = |
| Tax-exempt reserves132 | €13k | €13k | €13k | €13k | €13k | = |
| Profit (loss) carried forward14 | €181k | €227k | €273k | €325k | €366k | ▲ 12.5% |
| Amounts payable17/49 | €75k | €63k | €237k | €297k | €294k | ▼ 1.0% |
| Amounts payable after more than one year17 | €18k | - | €178k | €243k | €225k | ▼ 7.4% |
| Financial debts170/4 | €18k | - | €178k | €243k | €225k | ▼ 7.4% |
| Amounts payable within one year42/48 | €57k | €63k | €53k | €52k | €68k | ▲ 30.7% |
| Current portion of amounts payable after more than one year42 | €9k | €18k | €7k | €8k | €17k | ▲ 117% |
| Trade debts44 | €5k | €5k | €2k | €2k | €7k | ▲ 225% |
| Suppliers440/4 | €5k | €5k | €2k | €2k | €7k | ▲ 225% |
| Taxes, remuneration and social security45 | €11k | €12k | €14k | €14k | €16k | ▲ 17.4% |
| Taxes450/3 | €437 | €221 | - | €210 | - | - |
| Remuneration and social security454/9 | €11k | €11k | €14k | €14k | €16k | ▲ 19.2% |
| Other amounts payable47/48 | €32k | €29k | €29k | €29k | €29k | ▼ 0.1% |
| Accrued charges and deferred income492/3 | €396 | €200 | €6k | €1k | €117 | ▼ 91.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €46k | €46k | €55k | €43k | ▼ 20.5% |
| + Depreciation and write-downs630 | €40k | €24k | €18k | €22k | €32k | ▲ 46.0% |
| Operating cash flow (approximation) | €75k | €69k | €63k | €76k | €75k | ▼ 1.7% |
| Investment in fixed assets (approximation) | - | €-12k | €-261k | €-78k | €-102k | ▼ 30.1% |
| Change in cash | - | €45k | €-127k | €61k | €61k | ▼ 0.3% |
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
2026
22-09
State Gazette act
General meeting · Director resignation
Director discharge · Declaration
13-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €55k ▲20%
Operating result €74k, net result €55k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €202k ▲20.8%
4 profitable years in a row build equity to €202k.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €167k ▲29.2%
3 profitable years in a row build equity to €167k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €129k ▲60.7%
2 profitable years in a row build equity to €129k.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Thuin · 1 establishment unit since 2015
Ground area
1,687 m²
Building footprint
121 m²
Volume, LiDAR
714 m³
Parcel 56030D0186/00B000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FICALEX
since 20152.246.811.493
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56030D0186/00B000 | Wallonia | 1,687 m² | 1 · 121 m² | 7.8 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.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,772 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
Founded22-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.