ACTIVE

FISEC

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Financial year 2025 · closed on 31/12/2025
Net result
25 k €
-39.8% YoY
Revenue
174,6 k €
-8.5% YoY
Equity
280,2 k €
+9.8% YoY

What does FISEC do?

FISEC is a Private limited company incorporated in 2007. Its main activity is: Computer consultancy activities. Its registered office is in Grimbergen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0886.050.161
Incorporation
02/01/2007
Legal form
Private limited company
Registered office
Prinsenstraat 54
1850 Grimbergen · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192017201520122009
Income statement
Revenue174,6 k €190,9 k €173,4 k €–––––163,9 k €162,1 k €–
EBITDA66,8 k €77 k €72 k €21,5 k €45 k €49,7 k €57,3 k €-18,8 k €94,2 k €98,7 k €92,9 k €
Operating result40,9 k €41,5 k €55,3 k €21,5 k €26,4 k €30,9 k €46,8 k €-37,4 k €53,1 k €60,2 k €55,9 k €
Net result25 k €41,5 k €37,6 k €14,7 k €14,2 k €23,9 k €30,4 k €-54,4 k €2,2 k €16,9 k €7,5 k €
Balance sheet
Equity280,2 k €255,2 k €213,6 k €176,1 k €161,4 k €147,2 k €120,9 k €78,1 k €111,4 k €93,2 k €74,3 k €
Total assets328,1 k €319 k €300,7 k €287,4 k €290,8 k €305,3 k €255 k €231,6 k €927,1 k €982,2 k €826,2 k €
Cash244,8 k €208,8 k €194,5 k €173,2 k €167,2 k €179,7 k €154,9 k €104,5 k €64,5 k €52,9 k €29,3 k €
Debts47,9 k €63,8 k €87,1 k €111,3 k €129,3 k €158,1 k €134,2 k €153,5 k €423,8 k €508,6 k €383,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Axel Despiegelaere

Mandate

Active
Veerle Cauwenberghs

Mandate

Active

Ended mandates

Axel Despiegelaere

Administrator - manager

Ended
Veerle Cauwenberghs

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date26/05/202608/06/202523/06/202422/05/202330/05/202225/05/2021
General meeting26/05/202613/05/202510/05/202412/05/202313/05/202214/05/2021
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/05/202626/05/2026DutchPDF
Micro model31/12/202413/05/202508/06/2025DutchPDF
Micro model31/12/202310/05/202423/06/2024DutchPDF
Micro model31/12/202212/05/202322/05/2023DutchPDF
Abridged model31/12/202113/05/202230/05/2022DutchPDF
Micro model31/12/202014/05/202125/05/2021FrenchPDF
Abridged model31/12/201908/05/202013/05/2020DutchPDF
Abridged model31/12/201810/05/201926/05/2019DutchPDF
Abridged model31/12/201711/05/201827/05/2018DutchPDF
Abridged model31/12/201612/05/201702/06/2017DutchPDF
Abridged model31/12/201513/05/201626/05/2016DutchPDF
Abridged model31/12/201408/05/201523/06/2015DutchPDF
Abridged model31/12/201302/05/201410/06/2014DutchPDF
Abridged model31/12/201203/05/201324/05/2013DutchPDF
Abridged model31/12/201104/05/201201/07/2012DutchPDF
Abridged model31/12/201006/05/201129/08/2011DutchPDF
Abridged model31/12/200904/05/201026/07/2010DutchPDF
Abridged model31/12/200805/05/200902/08/2009DutchPDF
Abridged model31/12/200702/05/200828/05/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 2 active · 2 ended

Active mandates

Axel Despiegelaere

Mandate

Active
Veerle Cauwenberghs

Mandate

Active

Ended mandates

Axel Despiegelaere

Administrator - manager

Ended
Veerle Cauwenberghs

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/02/2009
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office20/05/2008
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other18/05/2007
    DIVERSEN
    PDF
  • Other11/01/2007
    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 202525 k €↓
  2. 2024
    Annual accounts 202441,5 k €↑
  3. 2023
    Annual accounts 202337,6 k €↑
  4. 2022
    Annual accounts 202214,7 k €↑
  5. 2021
    Annual accounts 202114,2 k €↓
  6. 2020
    Annual accounts 202023,9 k €↓
  7. 2019
    Annual accounts 201930,4 k €↑
  8. 2017
    Annual accounts 2017-54,4 k €↓
  9. 2015
    Annual accounts 20152,2 k €↓
  10. 2012
    Annual accounts 201216,9 k €↑
  11. 2009
    Annual accounts 20097,5 k €
  12. 02/01/2007
    IncorporationPrivate limited company