F-ECTIVE
ActiveSummary
F-ECTIVE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €905,028 and a net result of €30,137. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+3
Solvency45=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.62 in 2024; short-term debt: 16.5% and cash: 0.8% of total assets), and 80.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.6%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
13 d late
2022
4 d early
2021
31 d early
2020
32 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30,137
2024 · -€31,396
Working capital
-€490,066▼ 143%
2024 · -€201,290
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,200▼ 57.4%€51,229▲ 198%€231,176▲ 351%€90,275▼ 60.9%€195,088▲ 116%
Net result€1,713▼ 89.2%€24,996▲ 1,359%€136,136▲ 445%-€31,396€30,137
Equity€745,156▲ 0.2%€770,152▲ 3.4%€906,288▲ 17.7%€874,891▼ 3.5%€905,028▲ 3.4%
Total assets€1.2m▲ 2.1%€1.4m▲ 17.5%€2.7m▲ 94.1%€4.5m▲ 67.3%€4.6m▲ 3.2%
Debt€428,429▲ 5.4%€608,225▲ 42.0%€1.8m▲ 191%€3.6m▲ 103%€3.7m▲ 3.1%
Working capital€49,315▼ 65.8%€67,989▲ 37.9%€138,503▲ 104%-€201,290-€490,066▼ 143%
Staff (FTE)11=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€4.3m ▲ 4.7%
Current assets
€270,405 ▼ 16.6%
Equity and liabilities €4.6m
Equity
€905,028 ▲ 3.4%
Debt
€3.7m ▲ 3.1%
Debt's share of the balance-sheet total falls from 80.4% to 80.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€359,732▲
2024 · €254,614
Cash flow
€194,781▲
2024 · €132,943
Current ratio
0.36▼
2024 · 0.62
Debt to equity
4.10▼
2024 · 4.11
ROE
3.3%▲
2024 · -3.6%
ROA
0.7%▲
2024 · -0.7%
Interest coverage
2.22▲
2024 · 2.05
Debt ≤ 1 year
€760,471▲
2024 · €525,355
Debt > 1 year
€3.0m▼
2024 · €3.1m
Income taxes
€4,094
Staff costs
€14,004▲
2024 · €7,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7,269 | €14,004 | ▲ 92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €16,063 | €164,339 | €164,644 | ▲ 0.2% |
| Other operating charges640/8 | €868 | €868 | €960 | €6,419 | €3,795 | ▼ 40.9% |
| Gross operating margin9900 | €18,068 | €52,097 | €248,199 | €268,302 | €377,531 | ▲ 40.7% |
| Operating profit (loss)9901 | €17,200 | €51,229 | €231,176 | €90,275 | €195,088 | ▲ 116% |
| Financial income75/76B | - | - | €50 | €2,405 | €1,227 | ▼ 49.0% |
| Recurring financial income75 | - | - | €50 | €2,405 | €1,227 | ▼ 49.0% |
| Financial charges65/66B | €14,864 | €17,901 | €47,068 | €124,076 | €162,084 | ▲ 30.6% |
| Recurring financial charges65 | €14,864 | €17,901 | €47,068 | €124,076 | €162,084 | ▲ 30.6% |
| Profit (loss) for the period before taxes9903 | €2,336 | €33,328 | €184,158 | -€31,396 | €34,231 | ▲ 209% |
| Income taxes67/77 | €623 | €8,332 | €48,022 | - | €4,094 | - |
| Profit (loss) for the period9904 | €1,713 | €24,996 | €136,136 | -€31,396 | €30,137 | ▲ 196% |
| Transfer from tax-exempt reserves789 | €31,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €32,713 | €24,996 | €136,136 | -€31,396 | €30,137 | ▲ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €2.7m | €4.5m | €4.6m | ▲ 3.2% |
| Fixed assets21/28 | €1.1m | €1.1m | €2.2m | €4.1m | €4.3m | ▲ 4.7% |
| Tangible fixed assets22/27 | - | - | €1.1m | €3.1m | €3.3m | ▲ 6.3% |
| Plant, machinery and equipment23 | - | - | - | - | €4,550 | - |
| Other tangible fixed assets26 | - | - | €1.1m | €3.1m | €3.3m | ▲ 6.2% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €121,422 | €326,214 | €496,253 | €324,065 | €270,405 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €113,599 | €91,673 | €233,161 | €61,249 | €228,258 | ▲ 273% |
| Trade receivables40 | €12,343 | - | €33,141 | €30,000 | €37,340 | ▲ 24.5% |
| Other amounts receivable41 | €101,256 | €91,673 | €200,020 | €31,249 | €190,918 | ▲ 511% |
| Current investments50/53 | €500 | €500 | €500 | €500 | €500 | = |
| Cash at bank and in hand54/58 | €7,323 | €234,041 | €262,592 | €262,316 | €37,116 | ▼ 85.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,531 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €2.7m | €4.5m | €4.6m | ▲ 3.2% |
| Equity10/15 | €745,156 | €770,152 | €906,288 | €874,891 | €905,028 | ▲ 3.4% |
| Contributions10/11 | €20,460 | €20,460 | €20,460 | €18,600 | €18,600 | = |
| Reserves13 | €372,782 | €372,782 | €372,782 | €374,642 | €404,779 | ▲ 8.0% |
| Distributable reserves133 | €372,782 | €372,782 | €372,782 | €374,642 | €404,779 | ▲ 8.0% |
| Profit (loss) carried forward14 | €351,914 | €376,910 | €513,046 | €481,649 | €481,649 | = |
| Amounts payable17/49 | €428,429 | €608,225 | €1.8m | €3.6m | €3.7m | ▲ 3.1% |
| Amounts payable after more than one year17 | €356,322 | €350,000 | €1.4m | €3.1m | €3.0m | ▼ 4.0% |
| Financial debts170/4 | €6,322 | - | €660,787 | €2.2m | €2.2m | ▲ 1.2% |
| Other amounts payable178/9 | €350,000 | €350,000 | €750,000 | €900,000 | €750,000 | ▼ 16.7% |
| Amounts payable within one year42/48 | €72,107 | €258,225 | €357,750 | €525,355 | €760,471 | ▲ 44.8% |
| Current portion of amounts payable after more than one year42 | €25,081 | €6,322 | - | €150,000 | €150,000 | = |
| Trade debts44 | €844 | €305 | - | €171,352 | €3,892 | ▼ 97.7% |
| Suppliers440/4 | €844 | €305 | - | €171,352 | €3,892 | ▼ 97.7% |
| Taxes, remuneration and social security45 | €623 | €7,039 | €48,152 | €3,253 | €15,724 | ▲ 383% |
| Taxes450/3 | €623 | €7,039 | €48,152 | €1,439 | €12,856 | ▲ 793% |
| Remuneration and social security454/9 | - | - | - | €1,814 | €2,868 | ▲ 58.1% |
| Other amounts payable47/48 | €45,559 | €244,559 | €309,598 | €200,750 | €590,855 | ▲ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,713 | €24,996 | €136,136 | -€31,396 | €30,137 | ▲ 196% |
| + Depreciation and write-downs630 | - | - | €16,063 | €164,339 | €164,644 | ▲ 0.2% |
| Operating cash flow (approximation) | €1,713 | €24,996 | €152,199 | €132,943 | €194,781 | ▲ 46.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1.1m | -€2.1m | -€360,107 | ▲ 83.1% |
| Change in cash | - | €226,718 | €28,551 | -€276 | -€225,200 | ▼ 81,494% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €30,137
Net result €30,137 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€31,396
Net result drops to -€31,396, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
31-12
Financial
Highest result since 2018net €136,136 ▲445%
Operating result €231,176, net result €136,136, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 2 establishment units since 2005
Ground area
6,012 m²
Building footprint
1,005 m²
Volume, LiDAR
8,943 m³
2 parcels, Brussels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
F-ECTIVE
since 20052.147.984.331
Le Mont
since 20252.376.174.851
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57056B0315/00F000 | Wallonia | 4,320 m² | 1 · 667 m² | 13.2 m · 3 fl. |
| 21682C0182/00N036 | Brussels | 1,692 m² | 1 · 338 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.376.174.851
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STAR RENTAL
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ID Process
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S.T.B.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 28,954 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
55203Holiday cottages, homes and apartments
62900Other information technology and computer services
64999Other financial services
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.