ACTIVE

FISCAL VISION

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Financial year 2025 · closed on 31/12/2025

Net result

39 k €

+3.6% YoY

Gross margin

55 k €

+3.2% YoY

Equity

17,4 k €

-0.5% YoY

What does FISCAL VISION do?

FISCAL VISION is a Private company with limited liability incorporated in 2003. Its registered office is in Wemmel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.220.735

Incorporation

22/10/2003

Legal form

Private company with limited liability

Registered office

Avenue des Etangs 67
1780 Wemmel · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ 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	55 k €	+3.2%	53,3 k €	-27.1%	73,1 k €	+30.9%	55,8 k €	-26.4%	75,8 k €	+9.3%	69,4 k €	+0.9%	68,8 k €	-7.2%	74,1 k €	-2.9%	76,3 k €	-2.2%	78 k €	+0.3%	77,7 k €	+22.8%	63,3 k €	+127%	27,8 k €	+17.8%	23,6 k €	-27.7%	32,7 k €	+15.3%	28,3 k €	-38.0%	45,7 k €	+101%	22,8 k €	+1.0%	22,6 k €	-23.6%	29,5 k €
EBITDA	54,1 k €	+3.4%	52,3 k €	-27.6%	72,2 k €	+31.3%	55 k €	-26.7%	75 k €	+12.7%	66,5 k €	-2.0%	67,9 k €	-6.8%	72,9 k €	-3.0%	75,1 k €	-2.2%	76,8 k €	+0.3%	76,5 k €	+23.5%	62 k €	+130%	26,9 k €	+18.1%	22,8 k €	-24.3%	30,1 k €	+138%	-78,2 k €	-305%	38,2 k €	+116%	17,7 k €	-5.5%	18,8 k €	-33.7%	28,3 k €
Operating result	53,1 k €	+3.6%	51,3 k €	-27.9%	71,2 k €	+29.7%	54,9 k €	-26.1%	74,3 k €	+14.4%	64,9 k €	-2.8%	66,8 k €	+3.9%	64,3 k €	-2.5%	66 k €	-4.0%	68,7 k €	+1.2%	67,9 k €	+26.2%	53,8 k €	+111%	25,6 k €	+76.3%	14,5 k €	-32.9%	21,6 k €	+125%	-86,4 k €	-391%	29,7 k €	+216%	9,4 k €	-45.3%	17,2 k €	-28.2%	23,9 k €
Net result	39 k €	+3.6%	37,6 k €	-28.0%	52,3 k €	+44.0%	36,3 k €	-40.7%	61,2 k €	+37.3%	44,6 k €	-3.4%	46,2 k €	+5.7%	43,7 k €	+2.1%	42,8 k €	-0.2%	42,9 k €	-10.4%	47,9 k €	+36.3%	35,1 k €	+35.9%	25,8 k €	+105%	12,6 k €	-42.8%	22 k €	+126%	-86,2 k €	-496%	21,8 k €	+214%	6,9 k €	-46.6%	13 k €	-26.0%	17,6 k €
Balance sheet
Equity	17,4 k €	-0.5%	17,5 k €	-22.8%	22,6 k €	+34.2%	16,9 k €	+0.1%	16,8 k €	-18.8%	20,7 k €	-89.1%	190,1 k €	+32.1%	143,9 k €	+43.6%	100,2 k €	+74.5%	57,5 k €	-61.4%	148,9 k €	+47.4%	101 k €	+53.2%	65,9 k €	+64.4%	40,1 k €	+45.7%	27,5 k €	+396%	5,5 k €	-94.0%	91,7 k €	+31.1%	70 k €	+11.0%	63 k €	+26.0%	50 k €
Total assets	200,9 k €	+5.4%	190,7 k €	-2.3%	195,2 k €	+7.7%	181,2 k €	-25.9%	244,5 k €	-28.4%	341,8 k €	+15.2%	296,6 k €	+15.2%	257,5 k €	+8.0%	238,5 k €	-12.2%	271,5 k €	-2.0%	277,2 k €	+27.3%	217,8 k €	+25.0%	174,3 k €	+17.6%	148,2 k €	+6.9%	138,6 k €	+23.4%	112,3 k €	+4.2%	107,8 k €	+52.8%	70,5 k €	+11.5%	63,3 k €	+19.6%	52,9 k €
Cash	197,7 k €	+6.0%	186,5 k €	+0.2%	186,1 k €	+9.5%	169,9 k €	-28.9%	239,1 k €	-28.6%	334,7 k €	+86.8%	179,2 k €	+29.5%	138,3 k €	-2.3%	141,6 k €	-18.5%	173,8 k €	+2.5%	169,5 k €	+64.5%	103 k €	+17.8%	87,5 k €	+36.0%	64,3 k €	-26.7%	87,7 k €	+51.9%	57,8 k €	+98.0%	29,2 k €	+573%	4,3 k €	-89.4%	40,8 k €	+37.7%	29,7 k €
Debts	83,6 k €	+14.1%	73,3 k €	+1.0%	72,6 k €	+12.7%	64,4 k €	-49.6%	127,7 k €	-42.2%	221 k €	+3254%	6,6 k €	-51.7%	13,6 k €	-64.3%	38,2 k €	-66.5%	114,1 k €	+303%	28,3 k €	+68.5%	16,8 k €	+100%	8,4 k €	+3.5%	8,1 k €	-27.0%	11,1 k €	+64.3%	6,8 k €	-57.8%	16 k €	+2697%	573,2 €	+149%	229,8 €	-92.0%	2,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	-66.7%	0,3 ETP	+50.0%	0,2 ETP	0.0%	0,2 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Alain Kaufmann

Director · since 17 octobre 2003

Active

Ended mandates

Alain Kaufmann

Manager · since 17 octobre 2003

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/12/2025	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	01/07/2026	30/06/2025	01/07/2024	31/07/2023	17/08/2022	18/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	17/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	18/08/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	10/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	06/08/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	17/07/2013	French	PDF
Abridged model	31/12/2011	22/06/2012	30/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	23/08/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	02/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	10/09/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	04/07/2008	French	PDF
Abridged model	31/12/2006	22/06/2007	28/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 1 ended

Active mandates

Alain Kaufmann

Director · since 17 octobre 2003

Active

Ended mandates

Alain Kaufmann

Manager · since 17 octobre 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/06/2014
SIEGE SOCIAL
PDF
Registered office16/11/2010
SIEGE SOCIAL
PDF
Other29/10/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, 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 202539 k €↑
2024
Annual accounts 202437,6 k €↓
2023
Annual accounts 202352,3 k €↑
2022
Annual accounts 202236,3 k €↓
2021
Annual accounts 202161,2 k €↑
2020
Annual accounts 202044,6 k €↓
2019
Annual accounts 201946,2 k €↑
2018
Annual accounts 201843,7 k €↑
2017
Annual accounts 201742,8 k €↓
2016
Annual accounts 201642,9 k €↓
2015
Annual accounts 201547,9 k €↑
2014
Annual accounts 201435,1 k €↑
2013
Annual accounts 201325,8 k €↑
2012
Annual accounts 201212,6 k €↓
2011
Annual accounts 201122 k €↑
2010
Annual accounts 2010-86,2 k €↓
2009
Annual accounts 200921,8 k €↑
2008
Annual accounts 20086,9 k €↓
2007
Annual accounts 200713 k €↓
2006
Annual accounts 200617,6 k €
22/10/2003
IncorporationPrivate company with limited liability

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

FISCAL VISION

Overview

What does FISCAL VISION do?

Trend over 20 financial years

Indicative valuation

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