Firesti
ActiveSummary
Firesti has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €261k and a net result of €199k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency72▼-28
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 23.24 in 2024; short-term debt: 53.4% and cash: 30.9% of total assets), but 53.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
46.5%
Return on assets
35.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-11-2025, 68 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
68 d early
2024
74 d early
2023
72 d early
2022
74 d early
2021
63 d early
2020
66 d early
2019
68 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€261k▼ 35.1%
2024 · €402k
2019: €183k
2020: €134k
2021: €122k
2022: €191k
2023: €271k
2024: €402k
2019 → 2025
Total assets
€560k▲ 33.5%
2024 · €420k
2019: €234k
2020: €139k
2021: €128k
2022: €214k
2023: €282k
2024: €420k
2019 → 2025
Net result
€199k▲ 24.0%
2024 · €161k
2019: €104k
2020: €-49k
2021: €-12k
2022: €69k
2023: €73k
2024: €161k
2019 → 2025
Working capital
€227k▼ 42.3%
2024 · €393k
2019: €184k
2020: €134k
2021: €121k
2022: €189k
2023: €269k
2024: €393k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€191k▲ 56.3%€271k▲ 41.6%€402k▲ 48.3%€261k▼ 35.1%
Operating result€-12k-€76k€96k▲ 27.2%€227k▲ 137%€257k▲ 13.2%
Net result€-12k-€69k€73k▲ 6.6%€161k▲ 119%€199k▲ 24.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €560k
Fixed assets
€34k ▲ 270%
Current assets
€526k ▲ 28.1%
Equity and liabilities €560k
Equity
€261k ▼ 35.1%
Debt
€300k ▲ 1,560%
Debt's share of the balance-sheet total rises from 4.3% to 53.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€262k▲
2024 · €229k
Cash flow
€204k▲
2024 · €162k
Current ratio
1.76▼
2024 · 23.24
Debt to equity
1.15▲
2024 · 0.04
ROE
76.5%▲
2024 · 40.1%
ROA
35.6%▼
2024 · 38.3%
Interest coverage
82.47▼
2024 · 110.96
Debt ≤ 1 year
€299k▲
2024 · €18k
Income taxes
€62k▼
2024 · €69k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€420k€560k▲
Fixed assets21/28€9k€34k▲
Tangible fixed assets22/27€9k€34k▲
Plant, machinery and equipment23€628€502▼
Furniture and vehicles24€3k€4k▲
Other tangible fixed assets26€5k€30k▲
Current assets29/58€410k€526k▲
Amounts receivable within one year40/41€632€28k▲
Trade receivables40-€18k
Other amounts receivable41€632€10k▲
Current investments50/53€282k€323k▲
Cash at bank and in hand54/58€127k€173k▲
Deferred charges and accrued income490/1€570€2k▲
Equity and liabilities
Total equity and liabilities10/49€420k€560k▲
Equity10/15€402k€261k▼
Contributions10/11€19k€19k=
Reserves13€383k€242k▼
Distributable reserves133€383k€242k▼
Amounts payable17/49€18k€300k▲
Amounts payable within one year42/48€18k€299k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€9k€2k▼
Taxes450/3€9k€2k▼
Other amounts payable47/48€7k€293k▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€5k▲
Other operating charges640/8€587€607▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€230k€263k▲
Operating profit (loss)9901€227k€257k▲
Financial income75/76B€5k€8k▲
Recurring financial income75€5k€8k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€230k€262k▲
Income taxes67/77€69k€62k▼
Profit (loss) for the period9904€161k€199k▲
Profit (loss) for the period to be appropriated9905€161k€199k▲
Appropriation of the result
Profit (loss) to be appropriated9906€161k€199k▲
Transfer from equity791/2€30k€141k▲
Transfer to equity691/2€161k-
To other reserves6921€161k-
Profit to be distributed694/7€30k€340k▲
Return on contributions (dividend)694€30k€340k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €199k ▲24%
Operating result €257k, net result €199k, both a record.
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 26.10
Current ratio from 9.33 to 26.10; short-term debt falls from €23k to €11k.
30-06
Financial
Equity above €200kEq €271k ▲41.6%
2 profitable years in a row build equity to €271k.
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €69k
Net result €69k after 2 loss-making years.
30-06
Financial
Equity above €150kEq €191k ▲56.3%
Equity rises from €122k to €191k.
07-06
State Gazette act
General meeting · Director appointment
Mandate compensation
03-06
State Gazette act
General meeting · Director appointment
Mandate compensation
02-06
State Gazette act
General meeting · Director appointment
Mandate compensation
Show earlier events
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-49k ▼147%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 6current ratio 28.33
Current ratio from 4.64 to 28.33; short-term debt falls from €50k to €5k.
2019
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Haacht · 1 establishment unit since 2017
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.
Grote Appelstraat 843150 HaachtGround area
608 m²
Building footprint
108 m²
Volume, LiDAR
731 m³
Parcel 24033F0360/00W000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Firesti BVBA
since 20172.262.347.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24033F0360/00W000 | Flanders | 608 m² | 1 · 108 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,124 EUR awarded · 1,124 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 554 EUR | 554 EUR |
| 2023 | 1 | 570 EUR | 570 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,983 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 formPrivate limited company
Founded06-02-2017
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.