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FIRESYSTEM

Active
Rue des Waréchaix(GOE) 8/B ·7040 Quévy, Belgium
KBO/BCE: BE 1005.217.235
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Age2 yrs
Board2
Real estate1 parcel · 617 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FIRESYSTEM is 2.3% (moderate). The 2025 annual accounts show equity of €59k and a net result of €29k. Its solvency ranks better than 85% of 2905 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 85% of 2905 peers (2025). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-05-2026, 85 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 07-05-2026 85 d early 2026-00106127
31-12-2024 31-07-2025 29-09-2025 60 d late 2025-00510147

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.3% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€29k+4.6%
Working capital€42k+229.6%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 07-05-2026 with the NBB · fiscal year 2025 · micro
€0€10k€20k€30k€40kOperating result 2024: €35k€35kNet result 2024: €27k€27kOperating result 2025: €37k€37kNet result 2025: €29k€29k20242025
Operating resultNet result
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 75.5% 43.4%
better than 85% of 2905 sector peers
Net result €29k €13k
better than 69% of 2904 sector peers
Equity €59k €44k
better than 61% of 2905 sector peers
Gross operating margin €44k €39k
better than 54% of 2902 sector peers
Total assets €78k €115k
better than 35% of 2905 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€44k
+8.3% 24-25
Net profit
€29k
+4.6% 24-25
Cash flow
€36k
+7.9% 24-25
Total assets
€78k
+48.5% 24-25
Equity
€59k
+94.3% 24-25
Working capital
€42k
+229.6% 24-25
Income taxes
€7k
+0.9% 24-25
Debt
€19k
-13.9% 24-25
Show 8 other metrics
Debt ≤ 1y
€19k
-13.9% 24-25
Current ratio
3.20
+103.1% 24-25
Quick ratio
2.75
+99.8% 24-25
Solvency
75.5%
+30.8% 24-25
Debt / equity
0.32
-55.7% 24-25
ROE
48.5%
-46.2% 24-25
ROA
36.6%
-29.6% 24-25
Interest coverage
52.63
-97.3% 24-25
Figures by fiscal year
Fiscal year2025
Depositmicro
Revenue-
EBITDA€44k
Net profit€29k
Cash flow€36k
Staff costs-
Income taxes€7k
Dividends-
Total assets€78k
Equity€59k
Debt€19k
of which ≤ 1y€19k
of which > 1y-
Working capital€42k
Employees (FTE)-
Ratios (computed)
2025
Current ratio3.20
Quick ratio2.75
Working capital ratio53.8%
Solvency75.5%
Debt / equity0.32
Long-term debt ratio-
Interest coverage52.63
Gross margin-
Net margin-
ROA36.6%
ROE48.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€78k
Fixed assets 21/28€17k
Intangible fixed assets 21€3k
Tangible fixed assets 22/27€14k
Current assets 29/58€61k
Stocks & contracts in progress 3€9k
Amounts receivable within one year 40/41€12k
Cash & bank 54/58€41k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€78k
Equity 10/15€59k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€56k
Amounts payable 17/49€19k
Amounts payable within one year 42/48€19k
Trade debts payable within one year 44€5k
Income statement
Gross operating margin 9900€44k
Operating result 9901€37k
Financial income 75€159
Financial charges 65€837
Result before taxes 9903€36k
Income taxes 67/77€7k
Net result for the period 9904€29k
Result to be appropriated 9905€29k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
100 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • Michel SPANU
    Director
    State Gazette act 24111957 (24-07-2024)
    Current
    24-07-2024 → present
  • Kevin JOHNSON
    Managing director
    State Gazette act 24111957 (24-07-2024)
    Current
    20-06-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit(43222)
Legal form Private limited company(610)
Incorporation25-01-2024
StatusActive
Postal code7040

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Rue des Waréchaix(GOE) 8/B7040 Quévy

Establishment units

1 location
FIRESYSTEM
Rue des Waréchaix(GOE) 8/B, 7040 QuévySanitaire werkzaamheden
since 20242.355.678.949
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area617 m²
Buildings1
Building footprint102 m²
Volume (LiDAR)428 m³
Tallest building5.6 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53032A0054/00G000 Wallonia 617 m² 1 · 102 m² 5.6 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 2 years ago
2024
24-07-2024 4 directors appointed Director changes
  • Michel SPANU, Bestuurder
  • Matthias De Bauw, Dagelijks bestuur
  • Kevin JOHNSON, Gedelegeerd bestuurder
  • Matthias De Bauw, Dagelijks bestuur

Analysis

Financial profile

5 of 5 axes measured
Health100Profitability100Solvency100Growth78Stability82
92 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100
Profitability 100
Solvency 100
Growth 78
Stability 82

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,450 of the 9,483 companies in this sector. 1,280 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Loodgieterswerk43221Sanitaire werkzaamheden43221
Primary activity highlighted.
Names & trade names
Legal nameFR FIRESYSTEM
Registered office
Rue des Waréchaix(GOE) 8/B
7040 Quévy, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.