ACTIVE

FIVICAL

Export PDF

Financial year 2025 · closed on 31/03/2025

Net result

5,4 k €

+9.2% YoY

Gross margin

68,4 k €

-3.1% YoY

Equity

932,1 k €

+77.0% YoY

What does FIVICAL do?

FIVICAL is a Private limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Asse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0892.014.275

Incorporation

12/09/2007

Legal form

Private limited company

Registered office

Hoogstraat 40
1730 Asse · FlandreSee on map

Contributed capital

670 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68100Buying and selling of own real estate 68110Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	68,4 k €	-3.1%	70,6 k €	+2.3%	69 k €	+4.0%	66,3 k €	-7.0%	71,3 k €	-11.0%	80,1 k €	+17.3%	68,3 k €	+9.0%	62,6 k €	-23.1%	81,5 k €	-32.3%	120,4 k €	-25.8%	162,3 k €	-20.3%	203,7 k €	-7.3%	219,7 k €	+15.5%	190,2 k €	+20.0%	158,5 k €	-11.4%	179 k €	-21.1%	226,9 k €
EBITDA	64,8 k €	-3.5%	67,1 k €	+2.7%	65,4 k €	+3.5%	63,2 k €	-7.5%	68,3 k €	-7.0%	73,4 k €	+17.5%	62,5 k €	+8.3%	57,7 k €	-24.1%	76 k €	-34.0%	115,3 k €	-26.7%	157,2 k €	-21.5%	200,4 k €	-7.4%	216,4 k €	+15.3%	187,7 k €	+20.2%	156,1 k €	-11.6%	176,6 k €	-21.5%	224,9 k €
Operating result	20,6 k €	-17.0%	24,9 k €	+8.0%	23 k €	+7.7%	21,4 k €	-18.8%	26,3 k €	-14.1%	30,7 k €	+10.0%	27,9 k €	-0.6%	28,1 k €	-38.3%	45,5 k €	-46.3%	84,8 k €	-33.1%	126,7 k €	-25.4%	169,9 k €	-8.9%	186,5 k €	+18.1%	157,8 k €	+24.8%	126,5 k €	-5.8%	134,3 k €	-0.1%	134,4 k €
Net result	5,4 k €	+9.2%	5 k €	+320%	1,2 k €	+130%	-3,9 k €	-398%	1,3 k €	-68.2%	4,1 k €	+74.9%	2,4 k €	-31.6%	3,5 k €	-74.1%	13,4 k €	-62.7%	36 k €	-45.5%	66 k €	-37.2%	105 k €	+15.1%	91,3 k €	+37.2%	66,5 k €	+41.6%	47 k €	+0.9%	46,6 k €	+186%	16,3 k €
Balance sheet
Equity	932,1 k €	+77.0%	526,7 k €	+1.0%	521,7 k €	+0.2%	520,5 k €	-0.7%	524,4 k €	+0.3%	523,1 k €	+0.8%	518,9 k €	+0.5%	516,6 k €	+0.7%	513,1 k €	+51.0%	339,7 k €	+4.9%	323,7 k €	+16.6%	277,8 k €	-26.5%	377,7 k €	+31.9%	286,4 k €	+30.3%	219,9 k €	+27.2%	172,9 k €	+36.9%	126,3 k €
Total assets	956,4 k €	+6.6%	897,1 k €	-2.7%	921,7 k €	-5.3%	973,1 k €	-5.1%	1 M €	-0.1%	1 M €	-0.3%	1 M €	+0.7%	1 M €	-0.4%	1 M €	-0.1%	1 M €	+0.1%	1 M €	-4.1%	1,1 M €	-6.3%	1,1 M €	+0.3%	1,1 M €	-8.9%	1,2 M €	+3.8%	1,2 M €	-0.6%	1,2 M €
Cash	87,7 k €	+164%	33,2 k €	-38.5%	53,9 k €	-20.9%	68,1 k €	-34.0%	103,1 k €	+158%	39,9 k €	-29.6%	56,7 k €	-28.6%	79,4 k €	+10.1%	72,1 k €	+71.0%	42,1 k €	+278%	11,1 k €	-55.4%	25 k €	-59.1%	61,1 k €	+54.2%	39,6 k €	-61.7%	103,3 k €	+144%	42,3 k €		–
Debts	24 k €	-93.5%	370,5 k €	-7.4%	400 k €	-11.6%	452,6 k €	-8.5%	494,4 k €	-0.5%	496,7 k €	-1.4%	503,7 k €	+1.0%	498,6 k €	+1.0%	493,8 k €	-26.9%	675,1 k €	-2.2%	690,1 k €	-11.8%	782,1 k €	+4.0%	752,1 k €	-10.3%	838,3 k €	-17.3%	1 M €	-0.1%	1 M €	-5.4%	1,1 M €

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 31/03/2025 · 1 active · 7 ended

Active mandates

Bart Heuninckx

Mandate

Active

Ended mandates

Bart Heuninckx

Director · since 30 septembre 2019

Ended

Bart Heuninckx

Manager · since 30 septembre 2019

Ended

SIRION

Manager · since 19 octobre 2010 · until 19 août 2019 · 0470.493.847

Represented by Bart Heuninckx

Ended

SIRION

Manager · since 19 octobre 2010 · 0470.493.847

Represented by Bart Heuninckx

Ended

At this address

Other companies at this address

Company	CBE no.
BML & Partners● Active	0448.237.592
GRASSI● Active	0442.713.740
Groep FVL● Active	0783.625.683
Parnord B.V.● Active	1030.369.137
Polymorf● Active	0403.844.553
PRAEMONEO● Active	0473.435.323
SAFIR BOUW● Active	0715.969.866
SIRION● Active	0470.493.847

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/09/2025	24/10/2024	27/10/2023	12/10/2022	14/09/2021	18/09/2020
General meeting	22/09/2025	30/09/2024	29/09/2023	09/09/2022	10/09/2021	11/09/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	22/09/2025	22/09/2025	Dutch	PDF
Micro model	31/03/2024	30/09/2024	24/10/2024	Dutch	PDF
Micro model	31/03/2023	29/09/2023	27/10/2023	Dutch	PDF
Micro model	31/03/2022	09/09/2022	12/10/2022	Dutch	PDF
Micro model	31/03/2021	10/09/2021	14/09/2021	Dutch	PDF
Micro model	31/03/2020	11/09/2020	18/09/2020	Dutch	PDF
Micro model	31/03/2019	11/09/2019	13/09/2019	Dutch	PDF
Micro model	31/03/2018	12/09/2018	28/09/2018	Dutch	PDF
Micro model	31/03/2017	13/09/2017	14/09/2017	Dutch	PDF
Abridged model	31/03/2016	30/05/2016	20/06/2016	Dutch	PDF
Abridged model	31/03/2015	09/09/2015	22/09/2015	Dutch	PDF
Abridged model	31/03/2014	10/09/2014	29/09/2014	Dutch	PDF
Abridged model	31/03/2013	11/09/2013	08/10/2013	Dutch	PDF
Abridged model	31/03/2012	12/09/2012	01/10/2012	Dutch	PDF
Abridged model	31/03/2011	14/09/2011	10/10/2011	Dutch	PDF
Abridged model	31/03/2010	08/09/2010	21/09/2010	Dutch	PDF
Abridged model	31/03/2009	09/09/2009	22/09/2009	Dutch	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 31/03/2025 · 1 active · 7 ended

Active mandates

Bart Heuninckx

Mandate

Active

Ended mandates

Bart Heuninckx

Director · since 30 septembre 2019

Ended

Bart Heuninckx

Manager · since 30 septembre 2019

Ended

SIRION

Manager · since 19 octobre 2010 · until 19 août 2019 · 0470.493.847

Represented by Bart Heuninckx

Ended

SIRION

Manager · since 19 octobre 2010 · 0470.493.847

Represented by Bart Heuninckx

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other21/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates08/10/2019
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/07/2016
KAPITAAL - AANDELEN
PDF
Registered office01/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/11/2010
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other20/09/2007
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

2025
Annual accounts 20255,4 k €↑
2024
Annual accounts 20245 k €↑
2023
Annual accounts 20231,2 k €↑
2022
Annual accounts 2022-3,9 k €↓
2021
Annual accounts 20211,3 k €↓
2020
Annual accounts 20204,1 k €↑
2019
Annual accounts 20192,4 k €↓
2018
Annual accounts 20183,5 k €↓
2017
Annual accounts 201713,4 k €↓
2016
Annual accounts 201636 k €↓
2015
Annual accounts 201566 k €↓
2014
Annual accounts 2014105 k €↑
2013
Annual accounts 201391,3 k €↑
2012
Annual accounts 201266,5 k €↑
2011
Annual accounts 201147 k €↑
2010
Annual accounts 201046,6 k €↑
2009
Annual accounts 200916,3 k €
12/09/2007
IncorporationPrivate limited company

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

FIVICAL

Overview

What does FIVICAL do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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