Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2.3 to 0.2.
Financials
Financial year 2025
Short-Circuit from Vielsalm, company number BE0694889192, closed financial year 2025 with a result of € -10,912 after tax. For that financial year Short-Circuit recorded a gross margin of € 12,825 and equity of € 244,047. Compared with financial year 2024, the result moved from € 31,059 to € -10,912. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 244,047
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,912
▼ still € 31,059 profit in 2024
Profit after tax over the fiscal year.
€ 55,397
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 242,947.
People and assets in 2025
0.2
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8,935
▼ 77% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 18,328
▼ 60% vs 2024
€ 10,231 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 102
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,424
▼ 82% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 201,968 | € 145,444 | € 97,462 | € 12,825 | ▼ 87% |
| Profit after taxes | € 110,746 | € 44,797 | € 31,059 | € -10,912 | ▼ € 41,971 |
| Equity | € 249,103 | € 293,900 | € 324,959 | € 244,047 | ▼ 25% |
| Total debts | € 381,399 | € 238,041 | € 193,195 | € 198,005 | ▲ 2% |
| Cash | € 26,558 | € 25,559 | € 147,816 | € 55,397 | ▼ 63% |
| Retained profit | € 248,003 | € 292,800 | € 323,859 | € 242,947 | ▼ 25% |
| Dividend | € 0 | € 0 | € 0 | € 70,000 | |
| Bank debt | € 279,703 | € 92,117 | € 45,391 | € 18,328 | ▼ 60% |
| Balance sheet total | € 630,502 | € 531,941 | € 518,155 | € 442,052 | ▼ 15% |
| Employees (FTE) | - | 2.3 | 1.3 | 0.2 | ▼ 1.1 |
Key figures of Short-Circuit, 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 July 2027.
What happened to Short-Circuit?
What happened at Short-Circuit in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,912 (▼ € 41,971 vs 2024). Source: NBB ↗
- Fifity-Four Management SRL became a director. NBB
- New establishment in Attert. KBO
- Start of the company according to the CBE. KBO
- Alexandre KAISER became a director. NBB
In short
From € 110,746 profit in 2022 to € 10,912 loss in 2025.
Paid € 61,261 in corporate taxes since 2022.
Best year ever: 2022, with € 110,746 profit.
On average € 75,000 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Fifty-Four Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Short-CircuitBehind Short-Circuit are Alexandre KAISER and Fifity-Four Management SRL. The shares are held by Fifty-Four Management (50%).
Directors
According to the 2025 annual accounts
Alexandre KAISER
Administrateur
since 2018
Administrateur · represented by Benoit Cerfontaine
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Général-Jacques 36
6690 Vielsalm
Mont des Chèvres,Nothomb 293
6717 Attert
Active since 19 April 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0694.889.192
- VAT number
- BE 0694.889.192
- Registered office
- Rue Général-Jacques 36, 6690 Vielsalm
- Names & denominations
- Short-Circuit
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 2018
- Peppol
- Active · Active since 21 Dec 2025
- Activities · NACE
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