FUGAZZI
ActiveSummary
FUGAZZI has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184k and a net result of €93k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 3480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+10
Solvency59▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.92 in 2024; short-term debt: 34.4% and cash: 20.8% of total assets), but 66.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 74
Relative position
BE, all sectors
reference
Sector 74
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
33.9%
Return on assets
17.1%
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
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
51 d early
2023
27 d early
2022
47 d early
2021
46 d early
2020
16 d early
2019
50 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 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, micro schema
Equity
€184k▲ 28.1%
2024 · €143k
2018: €45k
2019: €56k
2020: €103k
2021: €127k
2022: €129k
2023: €115k
2024: €143k
2018 → 2025
Total assets
€543k▲ 14.6%
2024 · €474k
2018: €105k
2019: €152k
2020: €309k
2021: €455k
2022: €428k
2023: €434k
2024: €474k
2018 → 2025
Net result
€93k▲ 117%
2024 · €43k
2018: €20k
2019: €11k
2020: €48k
2021: €24k
2022: €13k
2023: €7k
2024: €43k
2018 → 2025
Working capital
€152k▲ 25.6%
2024 · €121k
2018: €38k
2019: €13k
2020: €77k
2021: €66k
2022: €85k
2023: €86k
2024: €121k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€129k▲ 1.9%€115k▼ 11.0%€143k▲ 24.7%€184k▲ 28.1%
Operating result€33k-€23k▼ 31.5%€14k▼ 37.1%€64k▲ 351%€136k▲ 112%
Net result€24k-€13k▼ 48.1%€7k▼ 45.9%€43k▲ 525%€93k▲ 117%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 112% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €543k
Fixed assets
€204k ▼ 7.8%
Current assets
€339k ▲ 34.2%
Equity and liabilities €543k
Equity
€184k ▲ 28.1%
Debt
€359k ▲ 8.7%
Debt's share of the balance-sheet total falls from 69.7% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€186k▲
2024 · €107k
Cash flow
€143k▲
2024 · €86k
Current ratio
1.81▼
2024 · 1.92
Debt to equity
1.95▼
2024 · 2.30
ROE
50.4%▲
2024 · 29.8%
ROA
17.1%▲
2024 · 9.0%
Interest coverage
40.33▲
2024 · 25.29
Debt ≤ 1 year
€187k▲
2024 · €131k
Debt > 1 year
€172k▼
2024 · €198k
Income taxes
€38k▲
2024 · €17k
Staff costs
€92k▲
2024 · €82k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€474k€543k▲
Fixed assets21/28€221k€204k▼
Tangible fixed assets22/27€221k€179k▼
Furniture and vehicles24€48k€36k▼
Other tangible fixed assets26€173k€142k▼
Financial fixed assets28-€26k
Current assets29/58€252k€339k▲
Amounts receivable within one year40/41€143k€220k▲
Trade receivables40€143k€220k▲
Other amounts receivable41€7€336▲
Cash at bank and in hand54/58€105k€113k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€474k€543k▲
Equity10/15€143k€184k▲
Contributions10/11€12k€12k=
Reserves13€131k€171k▲
Distributable reserves133€131k€171k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€330k€359k▲
Amounts payable after more than one year17€198k€172k▼
Financial debts170/4€198k€172k▼
Amounts payable within one year42/48€131k€187k▲
Current portion of amounts payable after more than one year42€31k€27k▼
Trade debts44€19k€19k▼
Suppliers440/4€19k€19k▼
Taxes, remuneration and social security45€52k€88k▲
Taxes450/3€37k€71k▲
Remuneration and social security454/9€15k€16k▲
Other amounts payable47/48€29k€53k▲
Accrued charges and deferred income492/3€275€415▲
Income statement
Code20242025
Remuneration, social security and pensions62€82k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€50k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€191k€279k▲
Operating profit (loss)9901€64k€136k▲
Financial income75/76B€227€0▼
Recurring financial income75€227€0▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€60k€131k▲
Income taxes67/77€17k€38k▲
Profit (loss) for the period9904€43k€93k▲
Profit (loss) for the period to be appropriated9905€43k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€93k▲
Transfer from equity791/2€11k€48k▲
Transfer to equity691/2€40k€88k▲
To other reserves6921€40k€88k▲
Profit to be distributed694/7€14k€52k▲
Return on contributions (dividend)694€11k€48k▲
Other beneficiaries697€3k€5k▲
The notes to these accounts (12 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €93k ▲117%
Operating result €136k, net result €93k, both a record.
31-12
Financial
Equity above €150kEq €184k ▲28.1%
8 profitable years in a row build equity to €184k.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €7k ▼45.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.48
Current ratio from 1.20 to 2.48; short-term debt falls from €68k to €52k.
31-12
Financial
Equity above €100kEq €103k ▲86%
3 profitable years in a row build equity to €103k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Dentergem · 1 establishment unit since 2010
Ground area
1,077 m²
Building footprint
351 m²
Volume, LiDAR
1,960 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fugazzi
since 20102.194.284.015
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37008A0068/00W000 | Flanders | 981 m² | 1 · 256 m² | 10.7 m · 1 fl. |
| 34040C0494/00K003 | Flanders | 95 m² | 1 · 95 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Studiolektrik
BE 0798.478.957
Herent · Eq €183,712
WOLLF
BE 0812.292.351
Kontich · Eq €184,024
ATELIER 64 DIGITAAL
BE 0687.848.576
Zottegem · Eq €183,258
MORRIS & CHAPMAN BELGIUM
BE 0467.712.224
Elsene · Eq €182,589
101 PRODUCT DESIGN
BE 0865.392.032
Enghien · Eq €185,234
Of 6,295 companies in sector 74120 we hold annual accounts for 1,011. 710 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
Founded03-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0494/878803