ACTIVE

nFuse

Financial year 2025 · closed on 31/12/2025
Net result
-40,7 k €
+70.3% YoY
Revenue
2,3 M €
+19.1% YoY
Equity
323,1 k €
-11.2% YoY
Workforce
14,9 ETP
+7.2% YoY

What does nFuse do?

nFuse is a Public limited company incorporated in 2019. Its main activity is: Computer consultancy activities. Its registered office is in Hasselt. It employs on average 14,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0717.846.619
Incorporation
09/01/2019
Legal form
Public limited company
Registered office
Kempische steenweg 311 box 5.01
3500 Hasselt · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
14,9 ETP
Joint committees (1)
  • 200
Signals
Solid equityLow riskGood liquidityHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Revenue2,3 M €1,9 M €1,8 M €1,3 M €1,1 M €1,7 M €
EBITDA-10,6 k €-104,5 k €190,6 k €84,6 k €91,2 k €446,3 k €
Operating result-14,2 k €-107,3 k €186,7 k €79,5 k €87 k €443 k €
Net result-40,7 k €-136,8 k €137,7 k €54,9 k €57,7 k €328,3 k €
Balance sheet
Equity323,1 k €363,8 k €500,5 k €392,8 k €357,9 k €300,3 k €
Total assets753,4 k €734,2 k €859,8 k €621,7 k €573,9 k €663,6 k €
Cash13,3 k €11,4 k €14,7 k €10 k €14,3 k €11 k €
Debts379,2 k €348,8 k €342,1 k €228,8 k €215,4 k €362,6 k €
Other
Workforce14,9 ETP13,9 ETP12,1 ETP8,2 ETP7,3 ETP4,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

De Cronos Groep

Director · since 20 juin 2024 · until 19 juin 2030 · 0467.132.994

Represented by Dirk Deroost

Active
Josephus De Wit

Director · since 20 juin 2024 · until 19 juin 2030

Active
XGD

Director · since 20 juin 2024 · until 19 juin 2030 · 0557.979.137

Represented by Paul Claes

Active

Ended mandates

De Cronos Groep

Director · since 08 janvier 2019 · until 19 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
De Cronos Groep

Director · since 08 janvier 2019 · until 19 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
Josephus De Wit

Director · since 08 janvier 2019 · until 19 juin 2024

Ended
XGD

Director · since 08 janvier 2019 · until 19 juin 2024 · 0557.979.137

Represented by Paul Claes

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202108/01/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months24 months
Filing date24/08/202626/08/202523/07/202414/08/202319/08/202219/07/2021
General meeting10/08/202610/07/202519/06/202431/07/202306/07/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/08/202624/08/2026DutchPDF
Abridged model31/12/202410/07/202526/08/2025DutchPDF
Abridged model31/12/202319/06/202423/07/2024DutchPDF
Abridged model31/12/202231/07/202314/08/2023DutchPDF
Abridged model31/12/202106/07/202219/08/2022DutchPDF
Abridged model31/12/202016/06/202119/07/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 3 active · 4 ended

Active mandates

De Cronos Groep

Director · since 20 juin 2024 · until 19 juin 2030 · 0467.132.994

Represented by Dirk Deroost

Active
Josephus De Wit

Director · since 20 juin 2024 · until 19 juin 2030

Active
XGD

Director · since 20 juin 2024 · until 19 juin 2030 · 0557.979.137

Represented by Paul Claes

Active

Ended mandates

De Cronos Groep

Director · since 08 janvier 2019 · until 19 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
De Cronos Groep

Director · since 08 janvier 2019 · until 19 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
Josephus De Wit

Director · since 08 janvier 2019 · until 19 juin 2024

Ended
XGD

Director · since 08 janvier 2019 · until 19 juin 2024 · 0557.979.137

Represented by Paul Claes

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/11/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/01/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-40,7 k €
  2. 2024
    Annual accounts 2024-136,8 k €
  3. 2023
    Annual accounts 2023137,7 k €
  4. 2022
    Annual accounts 202254,9 k €
  5. 2021
    Annual accounts 202157,7 k €
  6. 2020
    Annual accounts 2020328,3 k €
  7. 09/01/2019
    IncorporationPublic limited company