FIWEP

Active

Public limited companyfounded 199630 yrs activeVergoteplein 19, 1200 Sint-Lambrechts-Woluwe, BelgiumKBO/BCE: BE 0457.848.908

Summary

FIWEP has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149.70M and a net result of €7.83M. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 81% of 709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability24▼-2

Solvency100=

Growth52=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity short (current ratio 0.83 against 0.66 in 2024; short-term debt: 20% and cash: 1.5% of total assets), and 20% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

80%

Return on assets

4.2%

Age of the figures

15 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €149.70M

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

8 d early

2024

1 d early

2023

3 d early

2022

50 d early

2021

5 d early

2020

11 d late

2019

35 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

30-06-2026 close24-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€7.83M▼ 22.4%

2024 · €10.09M

2019: €39.68M 2020: €438k 2021: €1.70M 2022: €133k 2023: €-81k 2024: €10.09M

2019 → 2025

Working capital

€-6.36M▲ 55.3%

2024 · €-14.24M

2019: €-24.31M 2020: €-25.26M 2021: €-24.08M 2022: €-23.83M 2023: €-23.92M 2024: €-14.24M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€131.73M-€131.86M▲ 0.1%€131.78M▼ 0.1%€141.87M▲ 7.7%€149.70M▲ 5.5%

Operating result€-484k-€-463k▲ 4.4%€-277k▲ 40.3%€-250k▲ 9.8%€-271k▼ 8.6%

Net result€1.70M-€133k▼ 92.2%€-81k€10.09M€7.83M▼ 22.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €271k in 2025 against €250k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €187.18M

83.4%

16.6%

Fixed assets €156.06M =

Current assets €31.12M ▲ 10.1%

Equity and liabilities €187.18M

80.0%

20.0%

Equity €149.70M ▲ 5.5%

Debt €37.48M ▼ 11.8%

Debt's share of the balance-sheet total falls from 23.1% to 20.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-162k▼

2024 · €-140k

Cash flow

€7.94M▼

2024 · €10.20M

Current ratio

0.83▲

2024 · 0.66

Debt to equity

0.25▼

2024 · 0.30

ROE

5.2%▼

2024 · 7.1%

ROA

4.2%▼

2024 · 5.5%

Interest coverage

-0.54▲

2024 · -2.30

Debt ≤ 1 year

€37.48M▼

2024 · €42.50M

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 · 39 lines

Balance sheet Code20242025

Assets

Total assets20/58€184.37M€187.18M▲

Fixed assets21/28€156.11M€156.06M=

Tangible fixed assets22/27€3.32M€3.26M▼

Land and buildings22€3.32M€3.26M▼

Financial fixed assets28€152.80M€152.80M=

Current assets29/58€28.26M€31.12M▲

Amounts receivable within one year40/41€3.20M€4.57M▲

Other amounts receivable41€3.20M€4.57M▲

Current investments50/53€22.03M€23.80M▲

Cash at bank and in hand54/58€2.99M€2.72M▼

Deferred charges and accrued income490/1€40k€33k▼

Equity and liabilities

Total equity and liabilities10/49€184.37M€187.18M▲

Equity10/15€141.87M€149.70M▲

Contributions10/11€954k€954k=

Capital10€954k€954k=

Issued capital100€954k€954k=

Reserves13€15.95M€15.95M=

Non-distributable reserves130/1€95k€95k=

Legal reserve130€95k€95k=

Distributable reserves133€15.86M€15.86M=

Profit (loss) carried forward14€124.96M€132.79M▲

Amounts payable17/49€42.50M€37.48M▼

Amounts payable within one year42/48€42.50M€37.48M▼

Trade debts44€20k€464▼

Suppliers440/4€20k€464▼

Other amounts payable47/48€42.49M€37.48M▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€109k▼

Other operating charges640/8€46k€51k▲

Gross operating margin9900€-94k€-111k▼

Operating profit (loss)9901€-250k€-271k▼

Financial income75/76B€10.40M€8.40M▼

Recurring financial income75€10.40M€8.40M▼

Financial charges65/66B€61k€302k▲

Recurring financial charges65€61k€302k▲

Profit (loss) for the period before taxes9903€10.09M€7.83M▼

Profit (loss) for the period9904€10.09M€7.83M▼

Profit (loss) for the period to be appropriated9905€10.09M€7.83M▼

Appropriation of the result

Profit (loss) to be appropriated9906€124.96M€132.79M▲

Profit (loss) brought forward from the previous period14P€114.88M€124.96M▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

23-01

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-06

Financial Back to profitnet €10.09M

Net result €10.09M after one loss-making year.

28-01

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

30-06

Financial Weakest financial yearnet €-81k ▼161%

Net result drops to €-81k, the lowest in the series; recovery starts the following year.

2022

12-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema

26-01

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

11-02

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 11 days late

2019

27-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema

16-01

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

18-01

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2016

22-11

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 1996

establishment The establishment unit on the map

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.

Vergoteplein 191200 Sint-Lambrechts-Woluwe

Ground area

256 m²

Building footprint

113 m²

Volume, LiDAR

1,545 m³

Parcel 21673D0155/00E002, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

FIWEP

Vergoteplein 19, 1200 Sint-Lambrechts-WoluweInsurance, reinsurance and pension funding, except compulsory social security

since 19962.076.603.219

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21673D0155/00E002	Brussels	256 m²	1 · 113 m²	19.4 m · 5 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.

Recognitions · licences · registrations

Legal Entity Identifier

967600QBALB31HH5SP95

live in the LEI register

Similar companies · same sector, comparable size

MICROSOFT

BE 0437.910.359

Zaventem · Eq €143.82M

NielsenIQ Belgium

BE 0405.732.489

Leuven · Eq €126.87M

SERVICES DEVELOPMENT MANAGEMENT

BE 0452.691.377

Antwerpen · Eq €120.89M

Of 2,713 companies in sector 73200 we hold annual accounts for 1,783. 43 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 formPublic limited company

Founded23-04-1996

Fiscal year end30-06

Activities, NACEBEL 2025

73200Market research and public opinion polling

Sources

Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.