NORMAL SITUATION

FIDELS

Export PDF

Financial year 2025 · closed on 30/12/2025

Net result

13,1 k €

-78.7% YoY

Gross margin

46,8 k €

-67.5% YoY

Company — Normal situation.

What does FIDELS do?

FIDELS is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.068.101

Legal form

Public limited company

Latest accounts

30/12/2025

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	46,8 k €	-67.5%	144,1 k €	-21.3%	183 k €	+49.1%	122,7 k €	-26.6%	167,3 k €	+25.0%	133,8 k €	+27.1%	105,3 k €	+93.2%	54,5 k €	-17.7%	66,3 k €	-12.2%	75,4 k €	-34.2%	114,6 k €	+15.9%	98,8 k €	+27.2%	77,7 k €	-2.4%	79,6 k €	+127%	35 k €	-7.1%	37,7 k €	+40.5%	26,8 k €	+117%	-154,3 k €	-677%	26,7 k €	-17.7%	32,5 k €
EBITDA	8,2 k €	-88.4%	71,4 k €	-39.6%	118,2 k €	+83.2%	64,5 k €	-41.1%	109,6 k €	+28.2%	85,5 k €	+12.8%	75,8 k €	+194%	25,8 k €	-30.3%	37 k €	-22.5%	47,8 k €	-44.2%	85,6 k €	+24.6%	68,7 k €	+14.1%	60,2 k €	-8.4%	65,7 k €	+215%	20,9 k €	-14.2%	24,4 k €	+70.5%	14,3 k €	+109%	-165,5 k €	-1137%	16 k €	-24.2%	21,1 k €
Operating result	8,2 k €	-89.3%	76,9 k €	-31.3%	111,9 k €	+90.2%	58,8 k €	-43.2%	103,6 k €	+30.5%	79,4 k €	+14.3%	69,5 k €	+190%	24 k €	-27.4%	33 k €	-13.0%	37,9 k €	-49.4%	74,9 k €	+28.3%	58,4 k €	+8.2%	53,9 k €	-11.5%	60,9 k €	+206%	19,9 k €	-14.8%	23,4 k €	+78.4%	13,1 k €	+108%	-167,3 k €	-1283%	14,1 k €	-16.4%	16,9 k €
Net result	13,1 k €	-78.7%	61,4 k €	-17.5%	74,4 k €	+94.2%	38,3 k €	-44.0%	68,5 k €	+32.4%	51,7 k €	+23.4%	41,9 k €	+218%	13,2 k €	-25.7%	17,7 k €	-16.7%	21,3 k €	-55.9%	48,2 k €	+27.0%	38 k €	-25.5%	51 k €	-15.9%	60,6 k €	+207%	19,8 k €	-14.3%	23 k €	+115%	10,7 k €	+106%	-185,9 k €	-26884%	694,1 €	-78.7%	3,3 k €
Balance sheet
Equity	–		472,1 k €	+15.0%	410,7 k €	+22.1%	336,3 k €	+12.9%	298 k €	+29.8%	229,5 k €	+29.1%	177,8 k €	+30.8%	135,9 k €	+10.7%	122,7 k €	+16.9%	105 k €	+25.4%	83,7 k €	+136%	35,5 k €	+1559%	-2,4 k €	+95.4%	-53,4 k €	+53.1%	-114 k €	+14.8%	-133,7 k €	+14.7%	-156,8 k €	+6.4%	-167,5 k €	-1009%	18,4 k €	+3.9%	17,7 k €
Total assets	476,3 k €	-19.7%	592,9 k €	+17.9%	502,9 k €	+8.9%	461,9 k €	+13.2%	408,1 k €	+27.2%	320,9 k €	+21.8%	263,3 k €	+19.3%	220,7 k €	+15.0%	192 k €	+0.3%	191,4 k €	+11.1%	172,4 k €	+32.2%	130,4 k €	+99.7%	65,3 k €	+10.8%	58,9 k €	+59.6%	36,9 k €	-29.9%	52,6 k €	+93.6%	27,2 k €	-42.0%	46,9 k €	-77.5%	208,2 k €	+10.6%	188,3 k €
Cash	459,7 k €	+472%	80,4 k €	-80.0%	402,5 k €	+3.8%	387,7 k €	+10.0%	352,4 k €	+47.2%	239,4 k €	+23.1%	194,5 k €	+35.7%	143,4 k €	+7.7%	133,1 k €	+16.8%	114 k €	+10.4%	103,3 k €	+32.2%	78,1 k €	+276%	20,8 k €	+143%	8,6 k €	-29.2%	12,1 k €	+1.3%	11,9 k €	+82.9%	6,5 k €	+6036%	106,3 €	-89.3%	990,6 €	+49.0%	664,9 €
Debts	476,3 k €	+294%	120,8 k €	+31.1%	92,2 k €	-26.6%	125,6 k €	+14.1%	110,1 k €	+20.6%	91,3 k €	+6.8%	85,5 k €	+0.9%	84,7 k €	+22.4%	69,2 k €	-19.9%	86,4 k €	-2.5%	88,6 k €	-6.5%	94,8 k €	+40.0%	67,7 k €	-39.7%	112,3 k €	-25.6%	150,9 k €	-19.0%	186,4 k €	+1.3%	183,9 k €	-13.5%	212,6 k €	+14.4%	185,9 k €	+10.5%	168,1 k €
Other
Workforce	–		1,0 ETP		–		–		–		–		–		–		–		–		0,8 ETP	0.0%	0,8 ETP	+60.0%	0,5 ETP	+25.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	+33.3%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP

Governance

Board of directors

Seen on filing of 30/12/2025 · 1 active · 10 ended

Active mandates

Jacques DELSEMME

Director · since 26 avril 2022

Active

Ended mandates

Jacques Delsemme

Managing director · until 24 mai 2008

Ended

Jacques DELSEMME

Managing director · until 24 mai 2014

Ended

Jacques DELSEMME

Managing director · until 23 mai 2020

Ended

Jacques DELSEMME

Managing director · until 23 mai 2026

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/02/2026	20/06/2025	08/07/2024	16/08/2023	10/08/2022	11/08/2021
General meeting	–	24/05/2025	25/05/2024	27/05/2023	28/05/2022	22/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

45 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/12/2025	—	12/02/2026	French	PDF
Abridged model	31/12/2024	24/05/2025	20/06/2025	French	PDF
Abridged model	31/12/2023	25/05/2024	08/07/2024	French	PDF
Micro model	31/12/2022	27/05/2023	16/08/2023	French	PDF
Micro model	31/12/2021	28/05/2022	10/08/2022	French	PDF
Micro model	31/12/2020	22/05/2021	11/08/2021	French	PDF
Micro model	31/12/2019	08/09/2020	26/10/2020	French	PDF
Micro model	31/12/2018	25/05/2019	09/08/2019	French	PDF
Micro model	31/12/2017	26/05/2018	31/07/2018	French	PDF
Micro model	31/12/2016	27/05/2017	10/08/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	11/08/2016	French	PDF
Abridged model	31/12/2014	23/05/2015	07/08/2015	French	PDF
Abridged model	31/12/2013	24/05/2014	05/08/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	19/07/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	23/10/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	27/10/2011	French	PDF
Abridged model	31/12/2009	22/05/2010	10/08/2010	French	PDF
Abridged model	31/12/2008	23/05/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	30/10/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	28/09/2007	French	PDF
Abridged model	31/12/2005	27/05/2006	12/07/2006	French	PDF
Abridged model	31/12/2004	11/08/2005	17/08/2005	French	PDF
Abridged model	31/12/2003	30/06/2004	18/08/2004	French	PDF
Abridged model	31/12/2002	30/06/2003	24/09/2003	French	PDF

View all 45 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/12/2025 · 1 active · 10 ended

Active mandates

Jacques DELSEMME

Director · since 26 avril 2022

Active

Ended mandates

Jacques Delsemme

Managing director · until 24 mai 2008

Ended

Jacques DELSEMME

Managing director · until 24 mai 2014

Ended

Jacques DELSEMME

Managing director · until 23 mai 2020

Ended

Jacques DELSEMME

Managing director · until 23 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Dissolution09/02/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202513,1 k €↓
2024
Annual accounts 202461,4 k €↓
2023
Annual accounts 202374,4 k €↑
2022
Annual accounts 202238,3 k €↓
2021
Annual accounts 202168,5 k €↑
2020
Annual accounts 202051,7 k €↑
2019
Annual accounts 201941,9 k €↑
2018
Annual accounts 201813,2 k €↓
2017
Annual accounts 201717,7 k €↓
2016
Annual accounts 201621,3 k €↓
2015
Annual accounts 201548,2 k €↑
2014
Annual accounts 201438 k €↓
2013
Annual accounts 201351 k €↓
2012
Annual accounts 201260,6 k €↑
2011
Annual accounts 201119,8 k €↓
2010
Annual accounts 201023 k €↑
2009
Annual accounts 200910,7 k €↑
2008
Annual accounts 2008-185,9 k €↓
2007
Annual accounts 2007694,1 €↓
2006
Annual accounts 20063,3 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FIDELS

Overview

What does FIDELS do?

Trend over 20 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline