Active BE 0425.124.175Private limited company

FITO

Bevelse Steenweg 33 ·2270 Herenthout, Belgium· 42 yrs active

Sector: Retail sale of flowers, plants, seeds and fertilisers (47761)

Conclusion Checked

FITO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.76M and a net result of €204k. Its solvency ranks better than 87% of 1230 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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

Key figures

Equity	€1.76M
Net result	€204k
Staff (FTE)	6
Better than sector	87%

Financial profile 5 of 5 axes measured · computed by Checked

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 58

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1983, 42 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Checked score FY 2024 · computed

93 / 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.

Indicative credit limit

€160k

estimate, not credit advice

Score history

93 2023

93 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.50 (≥ 1.5) +10

Quick ratio Quick ratio 2.35 (≥ 1.0) +5

Leverage Debt/equity 0.49 (< 1.0) +10

Profitability ROE 12% (≥ 10%) +10

Interest coverage Interest coverage 9.8× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview41 NBB filings

Annual accounts filed on 09-07-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	67.2%	20.3%	better than 87% of 1230 sector peers
Net result	€204k	€25k	better than 89% of 1229 sector peers
Equity	€1.76M	€142k	better than 95% of 1230 sector peers
Gross operating margin	€712k	€215k	better than 84% of 1228 sector peers
Staff costs	€326k	€160k	higher than 72% of 937 sector peers

EBITDA

€378k

-8.0% 23-24

Net profit

€204k

-9.5% 23-24

Cash flow

€269k

-10.4% 23-24

Total assets

€2.62M

+8.3% 23-24

Equity

€1.76M

+13.1% 23-24

Working capital

€1.62M

+14.9% 23-24

Employees (FTE)

6

0.0% 23-24

Staff costs

€326k

+9.7% 23-24

Income taxes

€73k

-11.1% 23-24

Debt

€858k

-0.3% 23-24

Debt ≤ 1y

€649k

+0.3% 23-24

Debt > 1y

€201k

-4.9% 23-24

Current ratio

3.50

+10.0% 23-24

Quick ratio

2.35

-1.4% 23-24

Solvency

67.2%

+4.4% 23-24

Debt / equity

0.49

-11.8% 23-24

ROE

11.6%

-20.0% 23-24

ROA

7.8%

-16.5% 23-24

Interest coverage

9.80

-22.4% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	abbreviated schema	abbreviated schema
Revenue	-	-
EBITDA	€378k	€411k
Net profit	€204k	€225k
Cash flow	€269k	€300k
Staff costs	€326k	€297k
Income taxes	€73k	€82k
Dividends	-	-
Total assets	€2.62M	€2.42M
Equity	€1.76M	€1.56M
Debt	€858k	€860k
of which ≤ 1y	€649k	€647k
of which > 1y	€201k	€212k
Working capital	€1.62M	€1.41M
Employees (FTE)	6.0	6.0

Ratios (computed)

	2024	2023
Current ratio	3.50	3.18
Quick ratio	2.35	2.38
Working capital ratio	61.9%	58.4%
Solvency	67.2%	64.4%
Debt / equity	0.49	0.55
Long-term debt ratio	0.11	0.14
Interest coverage	9.80	12.63
Gross margin	-	-
Net margin	-	-
ROA	7.8%	9.3%
ROE	11.6%	14.5%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €348k · 13.3% Current assets €2.27M · 86.7%

Equity & liabilities

Equity €1.76M · 67.2% Debt €858k · 32.8%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.62M	€2.42M
Fixed assets	21/28	€348k	€358k
Intangible fixed assets	21	€0	€0
Tangible fixed assets	22/27	€348k	€358k
Current assets	29/58	€2.27M	€2.06M
Stocks & contracts in progress	3	€747k	€517k
Amounts receivable within one year	40/41	€1.10M	€1.16M
Cash & bank	54/58	€393k	€356k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.62M	€2.42M
Equity	10/15	€1.76M	€1.56M
Contributions / capital	10/11	€43k	€43k
Reserves	13	€1.71M	€1.51M
Accumulated profits (losses)	14	€3k	€3k
Amounts payable	17/49	€858k	€860k
Amounts payable after one year	17	€201k	€212k
Amounts payable within one year	42/48	€649k	€647k
Trade debts payable within one year	44	€184k	€216k
Income statement
Gross operating margin	9900	€712k	€715k
Operating result	9901	€313k	€336k
Financial income	75	€2k	€4k
Financial charges	65	€39k	€33k
Result before taxes	9903	€276k	€307k
Income taxes	67/77	€73k	€82k
Net result for the period	9904	€204k	€225k
Result to be appropriated	9905	€204k	€225k

Directors & mandates 3 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (23482146). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Geert Vrins
Director
State Gazette act 23482146 (28-12-2023)

Current
28-12-2023 → present
KRIECKEMANS Rita Liliana Maria
Director
State Gazette act 23482146 (28-12-2023)

Current
28-12-2023 → present
VRINS Marc Alfons Julia
Director
State Gazette act 23482146 (28-12-2023)

Current
28-12-2023 → present

Legal Structure

NACE primary	Retail sale of flowers, plants, seeds and fertilisers(47761)
Legal form	Private limited company(610)
Incorporation	20-09-1983
Status	Active
Postal code	2270

Establishment units 1 location

Bevelse Steenweg 33, 2270 Herenthout

NACE 5248302

since 19842.023.846.107

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13012D0106/00R002	Flanders	1,605 m²	1 · 151 m²	9.4 m · 2 fl.

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.

Updates 11 events

All 11Gazette 1Filings 10

2025

09-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

21-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 52 days late

2023

28-12

State Gazette act Director changes

Stéphane D’Hollander

28-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

13-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 44 days late

2020

17-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 48 days late

2019

09-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 70 days late

2018

22-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 53 days late

2017

19-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 50 days late

2016

30-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 61 days late

State Gazette actNBB filing

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 4 directors appointed Director changes·Stéphane D’Hollander

VRINS Marc Alfons Julia, Bestuurder
KRIECKEMANS Rita Liliana Maria, Bestuurder
Geert Vrins, Bestuurder
CommV "GVR", Commissaris

Notary: Stéphane D’Hollander · HerenthoutFirm: Notaris Stéphane D’Hollander

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of flowers, plants, seeds and fertilisers47761Other retail sale of new goods477895248352498Wholesale of industrial chemicals4685151550

Names & trade names

Legal nameNL

FITO

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