Summary
FIDUSCA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €97.98M and a net result of €743k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 6156 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 05-05-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
1 d late
2022
1 d early
2021
95 d late
2020
1 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€97.98M▲ 0.8%
2023 · €97.23M
2018: €45.81M
2019: €89.79M
2020: €89.94M
2021: €97.58M
2022: €97.30M
2023: €97.23M
2018 → 2024
Net result
€743k▲ 218%
2023 · €233k
2018: €924k
2019: €43.98M
2020: €151k
2021: €17.99M
2022: €-282k
2023: €233k
2018 → 2024
Total assets
€110.06M▲ 4.4%
2023 · €105.46M
2018: €48.70M
2019: €97.69M
2020: €91.74M
2021: €108.18M
2022: €105.65M
2023: €105.46M
2018 → 2024
Solvency
89.0%▼ 3.2pp
2023 · 92.2%
2018: 94.1%
2019: 91.9%
2020: 98.0%
2021: 90.2%
2022: 92.1%
2023: 92.2%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€89.94M-€97.58M▲ 8.5%€97.30M▼ 0.3%€97.23M▼ 0.1%€97.98M▲ 0.8%
Operating result€-46k-€-226k▼ 387%€-367k▼ 62.7%€-375k▼ 2.2%€-430k▼ 14.6%
Net result€151k-€17.99M▲ 11,802%€-282k€233k€743k▲ 218%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €430k in 2024 against €375k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110.06M
Fixed assets
€71.28M ▲ 0.1%
Current assets
€38.78M ▲ 13.2%
Equity and liabilities €110.06M
Equity
€97.98M ▲ 0.8%
Provisions
€7.96M ▲ 134%
Debt
€4.12M ▼ 14.6%
Debt's share of the balance-sheet total falls from 4.6% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.8%▲
2023 · 0.2%
ROA
0.7%▲
2023 · 0.2%
Debt ≤ 1 year
€3.01M▼
2023 · €4.22M
Debt > 1 year
€1.03M▲
2023 · €601k
Income taxes
€-24k▼
2023 · €185k
Staff costs
€69k▼
2023 · €81k
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 · 2024 against 2023 · 68 lines
Balance sheet
Code20232024
Assets
Total assets20/58€105.46M€110.06M▲
Fixed assets21/28€71.21M€71.28M▲
Tangible fixed assets22/27€2.85M€2.92M▲
Land and buildings22€2.77M€2.85M▲
Plant, machinery and equipment23€20k€15k▼
Furniture and vehicles24€65k€50k▼
Assets under construction and advance payments27-€7k
Financial fixed assets28€68.35M€68.35M=
Current assets29/58€34.26M€38.78M▲
Amounts receivable after more than one year29€22.22M€19.87M▼
Other amounts receivable291€22.22M€19.87M▼
Amounts receivable within one year40/41€128k€78k▼
Trade receivables40€9k€64k▲
Other amounts receivable41€119k€14k▼
Current investments50/53€7.14M€10.32M▲
Cash at bank and in hand54/58€4.74M€8.47M▲
Deferred charges and accrued income490/1€29k€46k▲
Equity and liabilities
Total equity and liabilities10/49€105.46M€110.06M▲
Equity10/15€97.23M€97.98M▲
Contributions10/11€19.22M€19.22M=
Capital10€19.22M€19.22M=
Issued capital100€19.22M€19.22M=
Reserves13€71.56M€71.59M=
Non-distributable reserves130/1€2.18M€2.18M=
Legal reserve130€2.18M€2.18M=
Tax-exempt reserves132€1.30M€1.32M▲
Distributable reserves133€68.09M€68.09M=
Profit (loss) carried forward14€6.45M€7.17M▲
Provisions and deferred taxes16€3.41M€7.96M▲
Provisions for liabilities and charges160/5€3.41M€7.96M▲
Other liabilities and charges164/5€3.41M€7.96M▲
Amounts payable17/49€4.83M€4.12M▼
Amounts payable after more than one year17€601k€1.03M▲
Other amounts payable178/9€601k€1.03M▲
Amounts payable within one year42/48€4.22M€3.01M▼
Financial debts43€44k€0▼
Credit institutions430/8€44k€0▼
Trade debts44€46k€126k▲
Suppliers440/4€46k€126k▲
Taxes, remuneration and social security45€194k€168k▼
Taxes450/3€173k€149k▼
Remuneration and social security454/9€20k€19k▼
Other amounts payable47/48€3.93M€2.72M▼
Accrued charges and deferred income492/3€9k€85k▲
Income statement
Code20232024
Remuneration, social security and pensions62€81k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164k€156k▼
Other operating charges640/8€23k€33k▲
Gross operating margin9900€-107k€-173k▼
Operating profit (loss)9901€-375k€-430k▼
Financial income75/76B€1.16M€1.77M▲
Recurring financial income75€1.13M€1.74M▲
Non-recurring financial income76B€33k€24k▼
Financial charges65/66B€365k€616k▲
Recurring financial charges65€365k€616k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€418k€719k▲
Income taxes67/77€185k€-24k▼
Profit (loss) for the period9904€233k€743k▲
Transfer to tax-exempt reserves689€33k€24k▼
Profit (loss) for the period to be appropriated9905€200k€719k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.65M€7.17M▲
Profit (loss) brought forward from the previous period14P€6.45M€6.45M=
Transfer from equity791/2€300k€0▼
Transfer to equity691/2€200k€0▼
To other reserves6921€200k€0▼
Profit to be distributed694/7€300k€0▼
Return on contributions (dividend)694€300k€0▼
Social balance
Average headcount (FTE)90871.21.2=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-03
State Gazette act
Capital & shares · RestructuringMerger · Dissolution · Power of attorney9 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Dissolution · Power of attorney9 facts ▸
- General meeting, 05/03/2026
- Merger, 05/03/2026
- Dissolution, 05-03-2026
- Power of attorney, VANDELANOTTE
- Power of attorney, Ellen Van Riet
- Internal authorisation, management body authorized to perform all further formalities regarding the merger
- Approval, pending
- Accounting effect, 30/11/2025
- Single member status, ja
20-01
State Gazette act
RestructuringPermanent representative: Pascal Poulet · Merger · Accounting effect3 facts ▸
State Gazette act
Restructuring
Permanent representative: Pascal Poulet · Merger · Accounting effect3 facts ▸
- Merger, 17-11-2025
- Accounting effect, 01-01-2026
- Permanent representative, Pascal Poulet
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
30-11
Financial
Back to profitnet €233k
Net result €233k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Weakest financial yearnet €-282k ▼102%
Net result drops to €-282k, the lowest in the series; recovery starts the following year.
30-11
Financial
Liquidity quadruplescurrent ratio 7.10
Current ratio from 1.79 to 7.10; short-term debt falls from €10.53M to €4.84M.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 95 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-11
Financial
Liquidity times 66current ratio 549.44
Current ratio from 8.37 to 549.44; short-term debt falls from €5.79M to €88k.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-11
Financial
Highest result since 2018net €43.98M ▲4657%
Net result €43.98M, the highest in the series.
30-11
Financial
Equity above €50MEq €89.79M ▲96%
2 profitable years in a row build equity to €89.79M.
11-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 2 establishment units since 1999
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.
Schotspad 148300 Knokke-HeistGround area
1.6 ha
Building footprint
3,523 m²
Volume, LiDAR
96,371 m³
2 parcels, Brussels, Flanders · tallest building 35.9 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
Schotspad 14, 8300 Knokke-Heist
since 19992.093.013.738
Esplanade 1, 1020 Brussel
since 20222.331.641.260
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0033/00C003 | Brussels | 1.5 ha | 1 · 3,341 m² | 35.9 m · 10 fl. |
| 31332E0624/00D000 | Flanders | 1,051 m² | 1 · 182 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Recognitions · licences · registrations
Legal Entity Identifier
875500CPFJ5EDVMXAW28
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MITISKA
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TOSALU
BE 0442.122.535
Kortemark · Eq €98.15M
FG Investment
BE 0795.388.518
Brussel · Eq €97.77M
Praesidiad Holding
BE 0870.556.885
Zwevegem · Eq €97.33M
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 1,838 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-06-1999
Fiscal year end30-11
Activities, NACEBEL 2025
64210Activities of holding companies
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.