Fire Engineered Solutions
ActiveSummary
Fire Engineered Solutions has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.57M and a net result of €393k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 94 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87=
Solvency82=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.24 in 2024; short-term debt: 41.4% and cash: 13% of total assets), and 42.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
57.4%
Return on assets
14.4%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
31 d early
2023
299 d late
2022
31 d early
2021
78 d late
2020
11 d early
2019
91 d late
← 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, abbreviated schema
Equity
€1.57M▲ 0.5%
2024 · €1.56M
2018: €69klowest in 8 years
2019: €69k● 0.0% vs 2018lowest in 8 years
2020: €69k● 0.0% vs 2019lowest in 8 years
2021: €914k▲ +1217% vs 2020
2022: €1.79M▲ +95.6% vs 2021highest in 8 years
2023: €1.55M▼ -13.2% vs 2022
2024: €1.56M▲ +0.6% vs 2023
2025: €1.57M▲ +0.5% vs 2024
2018 → 2025
Total assets
€2.73M▲ 0.3%
2024 · €2.72M
2018: €1.10Mlowest in 8 years
2019: €1.65M▲ +50.9% vs 2018
2020: €2.06M▲ +24.5% vs 2019
2021: €1.73M▼ -15.8% vs 2020
2022: €3.19M▲ +83.7% vs 2021highest in 8 years
2023: €2.89M▼ -9.2% vs 2022
2024: €2.72M▼ -5.9% vs 2023
2025: €2.73M▲ +0.3% vs 2024
2018 → 2025
Net result
€393k▼ 0.3%
2024 · €394k
2018: €281klowest in 8 years
2019: €667k▲ +137% vs 2018
2020: €714k▲ +7.0% vs 2019
2021: €832k▲ +16.4% vs 2020
2022: €873k▲ +4.9% vs 2021highest in 8 years
2023: €414k▼ -52.6% vs 2022
2024: €394k▼ -4.8% vs 2023
2025: €393k▼ -0.3% vs 2024
2018 → 2025
Working capital
€1.32M▲ 1.0%
2024 · €1.31M
2018: €186k
2019: €-52k▼ -128% vs 2018
2020: €-86k▼ -66.0% vs 2019lowest in 8 years
2021: €1.23M▲ +1541% vs 2020
2022: €2.36M▲ +91.5% vs 2021highest in 8 years
2023: €1.48M▼ -37.6% vs 2022
2024: €1.31M▼ -11.5% vs 2023
2025: €1.32M▲ +1.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€914k-€1.79M▲ 95.6%€1.55M▼ 13.2%€1.56M▲ 0.6%€1.57M▲ 0.5%
2021: €914klowest in 5 years
2022: €1.79M▲ +95.6% vs 2021highest in 5 years
2023: €1.55M▼ -13.2% vs 2022
2024: €1.56M▲ +0.6% vs 2023
2025: €1.57M▲ +0.5% vs 2024
Operating result€994k-€1.14M▲ 14.4%€591k▼ 48.0%€576k▼ 2.5%€565k▼ 1.9%
2021: €994k
2022: €1.14M▲ +14.4% vs 2021highest in 5 years
2023: €591k▼ -48.0% vs 2022
2024: €576k▼ -2.5% vs 2023
2025: €565k▼ -1.9% vs 2024lowest in 5 years
Net result€832k-€873k▲ 4.9%€414k▼ 52.6%€394k▼ 4.8%€393k▼ 0.3%
2021: €832k
2022: €873k▲ +4.9% vs 2021highest in 5 years
2023: €414k▼ -52.6% vs 2022
2024: €394k▼ -4.8% vs 2023
2025: €393k▼ -0.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.73M
Fixed assets
€280k ▼ 22.9%
Current assets
€2.45M ▲ 3.9%
Equity and liabilities €2.73M
Equity
€1.57M ▲ 0.5%
Provisions
€0 ▼ 100%
Debt
€1.16M ▲ 0.2%
Debt's share of the balance-sheet total falls from 42.6% to 42.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€669k▲
2024 · €661k
Cash flow
€497k▲
2024 · €479k
Current ratio
2.17▼
2024 · 2.24
Debt to equity
0.74▼
2024 · 0.74
ROE
25.1%▼
2024 · 25.3%
ROA
14.4%▼
2024 · 14.5%
Interest coverage
26.79▲
2024 · 21.29
Debt ≤ 1 year
€1.13M▲
2024 · €1.05M
Debt > 1 year
€799▼
2024 · €6k
Income taxes
€149k▼
2024 · €151k
Staff costs
€1.99M▲
2024 · €1.98M
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.72M€2.73M▲
Fixed assets21/28€363k€280k▼
Intangible fixed assets21€30k€18k▼
Tangible fixed assets22/27€327k€255k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€155k€103k▼
Other tangible fixed assets26€168k€150k▼
Financial fixed assets28€6k€8k▲
Current assets29/58€2.36M€2.45M▲
Amounts receivable after more than one year29€38k€25k▼
Other amounts receivable291€38k€25k▼
Amounts receivable within one year40/41€1.69M€2.06M▲
Trade receivables40€1.59M€2.00M▲
Other amounts receivable41€97k€59k▼
Cash at bank and in hand54/58€614k€356k▼
Deferred charges and accrued income490/1€18k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.72M€2.73M▲
Equity10/15€1.56M€1.57M▲
Contributions10/11€19k€19k=
Reserves13€1.54M€1.55M▲
Distributable reserves133€1.54M€1.55M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€2k€0▼
Provisions for liabilities and charges160/5€2k€0▼
Other liabilities and charges164/5€2k€0▼
Amounts payable17/49€1.16M€1.16M▲
Amounts payable after more than one year17€6k€799▼
Financial debts170/4€6k€799▼
Amounts payable within one year42/48€1.05M€1.13M▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€1k€2k▲
Credit institutions430/8€139€2k▲
Other loans439€1k€0▼
Trade debts44€200k€205k▲
Suppliers440/4€200k€205k▲
Taxes, remuneration and social security45€299k€345k▲
Taxes450/3€21k€90k▲
Remuneration and social security454/9€279k€255k▼
Other amounts payable47/48€547k€574k▲
Accrued charges and deferred income492/3€102k€31k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.98M€1.99M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€104k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0€-2k▼
Other operating charges640/8€32k€7k▼
Non-recurring operating charges66A€2k€1k▼
Gross operating margin9900€2.67M€2.66M▼
Operating profit (loss)9901€576k€565k▼
Financial income75/76B€394€2k▲
Recurring financial income75€394€2k▲
Financial charges65/66B€31k€25k▼
Recurring financial charges65€31k€25k▼
Profit (loss) for the period before taxes9903€546k€543k▼
Income taxes67/77€151k€149k▼
Profit (loss) for the period9904€394k€393k▼
Profit (loss) for the period to be appropriated9905€394k€393k▼
Appropriation of the result
Profit (loss) to be appropriated9906€394k€393k▼
Transfer from equity791/2€0-
Transfer to equity691/2€9k€8k▼
To other reserves6921€9k€8k▼
Profit to be distributed694/7€385k€385k=
Return on contributions (dividend)694€385k€385k=
Social balance
Average headcount (FTE)908721.021.2▲
The notes to these accounts (21 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 | €20k | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €1.35M | €1.55M | €2.46M | €1.98M | €1.99M | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €39k | €62k | €84k | €104k | ▲ 23.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €560k | €-559k | €0 | €-2k | - |
| Other operating charges640/8 | €6k | €3k | €20k | €32k | €7k | ▼ 77.0% |
| Non-recurring operating charges66A | €26k | €0 | - | €2k | €1k | ▼ 53.9% |
| Gross operating margin9900 | €2.41M | €3.29M | €2.57M | €2.67M | €2.66M | ▼ 0.4% |
| Operating profit (loss)9901 | €994k | €1.14M | €591k | €576k | €565k | ▼ 1.9% |
| Financial income75/76B | €376 | €8 | €197 | €394 | €2k | ▲ 443% |
| Recurring financial income75 | €376 | €8 | €197 | €394 | €2k | ▲ 443% |
| Financial charges65/66B | €20k | €8k | €22k | €31k | €25k | ▼ 19.5% |
| Recurring financial charges65 | €20k | €8k | €22k | €31k | €25k | ▼ 19.5% |
| Profit (loss) for the period before taxes9903 | €975k | €1.13M | €569k | €546k | €543k | ▼ 0.6% |
| Income taxes67/77 | €143k | €256k | €155k | €151k | €149k | ▼ 1.2% |
| Profit (loss) for the period9904 | €832k | €873k | €414k | €394k | €393k | ▼ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €832k | €873k | €414k | €394k | €393k | ▼ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €3.19M | €2.89M | €2.72M | €2.73M | ▲ 0.3% |
| Fixed assets21/28 | €97k | €130k | €173k | €363k | €280k | ▼ 22.9% |
| Intangible fixed assets21 | €14k | €44k | €43k | €30k | €18k | ▼ 42.2% |
| Tangible fixed assets22/27 | €77k | €79k | €123k | €327k | €255k | ▼ 22.0% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €5k | €6k | €6k | €3k | €2k | ▼ 35.7% |
| Furniture and vehicles24 | €72k | €73k | €118k | €155k | €103k | ▼ 33.9% |
| Other tangible fixed assets26 | - | - | - | €168k | €150k | ▼ 10.9% |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €8k | ▲ 31.7% |
| Current assets29/58 | €1.64M | €3.06M | €2.72M | €2.36M | €2.45M | ▲ 3.9% |
| Amounts receivable after more than one year29 | - | €101k | €58k | €38k | €25k | ▼ 32.9% |
| Other amounts receivable291 | - | €101k | €58k | €38k | €25k | ▼ 32.9% |
| Amounts receivable within one year40/41 | €1.11M | €2.25M | €2.16M | €1.69M | €2.06M | ▲ 22.2% |
| Trade receivables40 | €560k | €1.90M | €2.04M | €1.59M | €2.00M | ▲ 26.0% |
| Other amounts receivable41 | €546k | €341k | €120k | €97k | €59k | ▼ 39.5% |
| Cash at bank and in hand54/58 | €314k | €692k | €452k | €614k | €356k | ▼ 42.0% |
| Deferred charges and accrued income490/1 | €216k | €18k | €47k | €18k | €6k | ▼ 69.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €3.19M | €2.89M | €2.72M | €2.73M | ▲ 0.3% |
| Equity10/15 | €914k | €1.79M | €1.55M | €1.56M | €1.57M | ▲ 0.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €895k | €1.77M | €1.53M | €1.54M | €1.55M | ▲ 0.5% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €893k | €1.77M | €1.53M | €1.54M | €1.55M | ▲ 0.5% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | €560k | €2k | €2k | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | €560k | €2k | €2k | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | €560k | €2k | €2k | €0 | ▼ 100% |
| Amounts payable17/49 | €820k | €839k | €1.34M | €1.16M | €1.16M | ▲ 0.2% |
| Amounts payable after more than one year17 | €0 | €15k | €10k | €6k | €799 | ▼ 85.6% |
| Financial debts170/4 | €0 | €15k | €10k | €6k | €799 | ▼ 85.6% |
| Amounts payable within one year42/48 | €402k | €692k | €1.24M | €1.05M | €1.13M | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | €0 | €18k | €5k | €5k | €5k | ▲ 1.3% |
| Financial debts43 | €13k | €287 | €850 | €1k | €2k | ▲ 59.4% |
| Credit institutions430/8 | €13k | €287 | €850 | €139 | €2k | ▲ 1,297% |
| Other loans439 | - | - | - | €1k | €0 | ▼ 100% |
| Trade debts44 | €65k | €331k | €456k | €200k | €205k | ▲ 2.6% |
| Suppliers440/4 | €65k | €331k | €456k | €200k | €205k | ▲ 2.6% |
| Taxes, remuneration and social security45 | €324k | €343k | €483k | €299k | €345k | ▲ 15.3% |
| Taxes450/3 | €129k | €100k | €110k | €21k | €90k | ▲ 337% |
| Remuneration and social security454/9 | €195k | €243k | €373k | €279k | €255k | ▼ 8.5% |
| Other amounts payable47/48 | €0 | - | €300k | €547k | €574k | ▲ 5.0% |
| Accrued charges and deferred income492/3 | €418k | €132k | €86k | €102k | €31k | ▼ 70.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €832k | €873k | €414k | €394k | €393k | ▼ 0.3% |
| + Depreciation and write-downs630 | €34k | €39k | €62k | €84k | €104k | ▲ 23.1% |
| Operating cash flow (approximation) | €866k | €912k | €476k | €479k | €497k | ▲ 3.8% |
| Investment in fixed assets (approximation) | - | €-71k | €-105k | €-274k | €-21k | ▲ 92.4% |
| Change in cash | - | €378k | €-241k | €163k | €-258k | ▼ 259% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 299 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €873k ▲4.9%
Operating result €1.14M, net result €873k, both a record.
31-12
Financial
Equity above €1MEq €1.79M ▲95.6%
5 profitable years in a row build equity to €1.79M.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 4.07
Current ratio from 0.94 to 4.07; short-term debt falls from €1.52M to €402k.
31-12
Financial
Equity above €500kEq €914k ▲1,217%
4 profitable years in a row build equity to €914k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Gent · 2 establishment units since 2009
Ground area
1.1 ha
Building footprint
3,981 m²
Volume, LiDAR
54,935 m³
3 parcels, Flanders · tallest building 40.4 m, ±12 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
2 establishment units
Fire Engineered Solutions
since 20092.183.050.920
Fire Engineered Solutions
since 20252.376.537.018
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0290/00L000 | Flanders | 6,546 m² | 1 · 2,453 m² | 11.3 m |
| 24514B0181/00Z000 | Flanders | 2,588 m² | - | - |
| 11002A1949/03A000 | Flanders | 1,528 m² | 1 · 1,528 m² | 40.4 m · 12 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 5,401 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 1 | 5,401 EUR | 0 EUR |
Schemes
Baekeland-mandaat
Recognitions · licences · registrations
Legal Entity Identifier
699400EIJGO5MG4G7D50
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Of 461 companies in sector 80090 we hold annual accounts for 261. 92 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
Founded23-11-2009
Fiscal year end31-12
Abbreviation NL
FESG
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
80090Investigation and security activities
Scores and ratios are computed by Checked and are not a credit decision.