Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
41 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
E. Fischer et Cie from Etterbeek, company number BE0402154872, closed financial year 2025 with a result of € -17,227 after tax. For that financial year E. Fischer et Cie recorded a gross margin of € -650 and equity of € 17,105. Compared with financial year 2024, the result moved from € -34,176 to € -17,227. The company made a loss. The buffer shrank hard: equity is 50 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 17,105
▼ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,227
▲ 50 % less loss than in 2024
Profit after tax over the fiscal year.
€ 22,868
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1,490.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,151
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,580
▼ 87% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 369,812 | - | - | - | |
| Gross margin | € 85,637 | € 3,392 | € 1,558 | € -650 | ▼ € 2,207 |
| Profit after taxes | € -28,695 | € -5,364 | € -34,176 | € -17,227 | ▲ € 16,949 |
| Equity | € 73,872 | € 68,508 | € 34,332 | € 17,105 | ▼ 50% |
| Total debts | € 156,167 | € 141,388 | € 192,322 | € 98,916 | ▼ 49% |
| Cash | € 4,521 | € 45,957 | € 54,862 | € 22,868 | ▼ 58% |
| Land & buildings | € 709 | - | - | - | |
| Retained profit | € 55,277 | € 49,913 | € 15,737 | € -1,490 | ▼ € 17,227 |
| Bank debt | € 138,000 | € 138,000 | € 0 | € 0 | |
| Balance sheet total | € 230,039 | € 209,896 | € 226,653 | € 116,021 | ▼ 49% |
| Employees (FTE) | 2 | - | - | - |
Key figures of E. Fischer et Cie, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 December 2026.
What happened to E. Fischer et Cie?
What happened at E. Fischer et Cie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,227. Source: NBB ↗
- Stéphane Baudry became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Koekelberg. KBO
In short
From € 28,695 loss in 2022 to € 17,227 loss in 2025.
Paid € 89 in corporate taxes since 2022.
On average € 42,800 of value added per employee in 2022.
Management
The stake of HSB MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
E. Fischer et CieBehind E. Fischer et Cie is Stéphane Baudry. The shares are held by HSB MANAGEMENT.
Directors
According to the 2025 annual accounts
Stéphane Baudry
Director
since 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 47
1040 Etterbeek
Engelenbergstraat 22
1081 Koekelberg
Active since 1 January 1937
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 41 companies are registered at this address.
All companies at this address →American Chamber of Commerce in Belgium
€ 1.3 million revenue · 2025
AUTONETWORK DEVELOPPEMENT
€ -400 gross margin · 2025
INDIGO
€ 6,166 gross margin · 2025
A.N.F.R.A. SERVICES
€ -3,061 gross margin · 2024
LES ATELIERS D’AMAZONIE
€ 1,378 revenue · 2025
+36 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0402.154.872
- VAT number
- BE 0402.154.872
- Registered office
- Sint-Michielslaan 47, 1040 Etterbeek
- Names & denominations
- E. Fischer et Cie
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 13 Jan 2026
- Contact
- parfi.be
- Activities · NACE
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