Fisca M@x
ActiveSummary
Fisca M@x has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 3291 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74=
Solvency35▼-9
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.05 in 2024; short-term debt: 39.7% and cash: 8.6% of total assets), and 90.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 69
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
9.6%
Return on assets
4.1%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 3291 sector peers (2025).
NBB · sector comparisonPosition among 3291 sector peers
Solvency
better than 18%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
147 d early
2023
2 d early
2022
9 d late
2021
2 d early
2020
37 d early
2019
1 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€97k▼ 52.8%
2024 · €205k
2018: €337k
2019: €412k
2020: €76k
2021: €67k
2022: €20k
2023: €4k
2024: €205k
2018 → 2025
Total assets
€1.01M▼ 4.5%
2024 · €1.06M
2018: €450k
2019: €936k
2020: €1.21M
2021: €1.03M
2022: €1.04M
2023: €1.05M
2024: €1.06M
2018 → 2025
Net result
€42k▼ 79.2%
2024 · €201k
2018: €89k
2019: €74k
2020: €-11k
2021: €-10k
2022: €46k
2023: €61k
2024: €201k
2018 → 2025
Working capital
€37k▲ 79.2%
2024 · €21k
2018: €47k
2019: €70k
2020: €-55k
2021: €-27k
2022: €-66k
2023: €-76k
2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€20k▼ 69.5%€4k▼ 82.6%€205k▲ 5,697%€97k▼ 52.8%
Operating result€76k-€163k▲ 116%€207k▲ 27.0%€321k▲ 54.9%€92k▼ 71.4%
Net result€-10k-€46k€61k▲ 32.6%€201k▲ 229%€42k▼ 79.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€573k ▼ 6.5%
Current assets
€440k ▼ 1.8%
Equity and liabilities €1.01M
Equity
€97k ▼ 52.8%
Provisions
€127k
Debt
€789k ▼ 7.8%
Debt's share of the balance-sheet total falls from 80.7% to 77.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€138k▼
2024 · €369k
Cash flow
€88k▼
2024 · €249k
Current ratio
1.09▲
2024 · 1.05
Debt to equity
8.15▲
2024 · 4.18
ROE
43.3%▼
2024 · 98.3%
ROA
4.1%▼
2024 · 19.0%
Interest coverage
13.52▲
2024 · 3.76
Debt ≤ 1 year
€403k▼
2024 · €427k
Debt > 1 year
€387k▼
2024 · €429k
Income taxes
€42k▲
2024 · €25k
Staff costs
€233k▼
2024 · €272k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€1.01M▼
Fixed assets21/28€613k€573k▼
Tangible fixed assets22/27€613k€573k▼
Land and buildings22€601k€562k▼
Furniture and vehicles24€12k€11k▼
Current assets29/58€448k€440k▼
Amounts receivable within one year40/41€155k€184k▲
Trade receivables40€150k€182k▲
Other amounts receivable41€5k€2k▼
Current investments50/53-€151k
Cash at bank and in hand54/58€271k€87k▼
Deferred charges and accrued income490/1€23k€18k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.01M▼
Equity10/15€205k€97k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€203k€95k▼
Provisions and deferred taxes16-€127k
Provisions for liabilities and charges160/5-€127k
Other liabilities and charges164/5-€127k
Amounts payable17/49€856k€789k▼
Amounts payable after more than one year17€429k€387k▼
Financial debts170/4€429k€387k▼
Amounts payable within one year42/48€427k€403k▼
Current portion of amounts payable after more than one year42€44k€42k▼
Trade debts44€20k€26k▲
Suppliers440/4€20k€26k▲
Taxes, remuneration and social security45€51k€67k▲
Taxes450/3€16k€41k▲
Remuneration and social security454/9€35k€26k▼
Other amounts payable47/48€312k€267k▼
Income statement
Code20242025
Remuneration, social security and pensions62€272k€233k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€46k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€-3k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-107k€127k▲
Other operating charges640/8€6k€92k▲
Gross operating margin9900€542k€588k▲
Operating profit (loss)9901€321k€92k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€98k€10k▼
Recurring financial charges65€98k€10k▼
Profit (loss) for the period before taxes9903€226k€84k▼
Income taxes67/77€25k€42k▲
Profit (loss) for the period9904€201k€42k▼
Profit (loss) for the period to be appropriated9905€201k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€203k€245k▲
Profit (loss) brought forward from the previous period14P€2k€203k▲
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€100k
Directors or managers695-€50k
Social balance
Average headcount (FTE)9087-6.0
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
06-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €201k ▲229%
Operating result €321k, net result €201k, both a record.
31-12
Financial
Equity above €200kEq €205k ▲5697%
3 profitable years in a row build equity to €205k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Back to profitnet €46k
Net result €46k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-11k ▼115%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
Show earlier events
2019
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Manhay · 1 establishment unit since 2012
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 Boussines, Vaux-Chavanne 1166960 ManhayGround area
1,241 m²
Building footprint
198 m²
Parcel 83051A2250/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Fisca M@x
since 20122.209.377.215
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83051A2250/00G000 | Wallonia | 1,241 m² | 1 · 198 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
254900JN6D77TVJ71O29
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,467 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
Founded20-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.