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FADEPAR

Active
Public limited companyfounded 199927 yrs activeWolvendreef(Kor) 20, 8500 Kortrijk, BelgiumKBO/BCE: BE 0465.592.080
Summary

FADEPAR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€9,219) and a net result of -€22,162. Equity is shrinking by ~4.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2026
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability20▼-78
Solvency24▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.2 against 1.99 in 2025; short-term debt: 13.6% and cash: 22.4% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-2.9%
Age of the figures
7 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year -€9,219
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 24-09-2026, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
6 d early
2025
50 d early
2024
4 d early
2023
1 d early
2022
35 d early
2021
11 d late
2020
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. Usually files around 24 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today28-02-2027 close30-09-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FADEPAR was incorporated on 5 March 1999.1 Total assets went from EUR 708,273 in 2019 to EUR 776,358 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, abbreviated schema

Equity
-€9,219
2025 · €12,943
Total assets
€776,358▼ 9.5%
2025 · €858,097
Net result
-€22,162
2025 · €200,197
Working capital
€125,904▼ 15.3%
2025 · €148,731
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€6,311€10,658▲ 68.9%€2,604▼ 75.6%€225,196▲ 8,547%-€2,157
Net result-€7,295▲ 79.8%-€2,954▲ 59.5%-€15,703▼ 432%€200,197-€22,162
Equity-€168,597▼ 4.5%-€171,551▼ 1.8%-€187,255▼ 9.2%€12,943-€9,219
Total assets€642,879▼ 3.5%€645,965▲ 0.5%€635,093▼ 1.7%€858,097▲ 35.1%€776,358▼ 9.5%
Debt€811,476▼ 2.0%€817,517▲ 0.7%€822,348▲ 0.6%€845,154▲ 2.8%€785,577▼ 7.0%
Working capital-€105,594▲ 7.7%-€766,736▼ 626%-€99,278▲ 87.1%€148,731€125,904▼ 15.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2022: €6,311€6,311Net result 2022: -€7,295-€7,295Operating result 2023: €10,658€10,658Net result 2023: -€2,954-€2,954Operating result 2024: €2,604€2,604Net result 2024: -€15,703-€15,703Operating result 2025: €225,196€225,196Net result 2025: €200,197€200,197Operating result 2026: -€2,157-€2,157Net result 2026: -€22,162-€22,16220222023202420252026-€100,000€0€100,000€200,000Operating result 2024: €2,604€2,600Net result 2024: -€15,703-€15,700Operating result 2025: €225,196€225,000Net result 2025: €200,197€200,000Operating result 2026: -€2,157-€2,160Net result 2026: -€22,162-€22,200202420252026
The operating result turns negative in 2026: a loss of €2,157 after €225,196 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €776,358
Fixed assets €545,212 ▼ 2.4%
Current assets €231,146 ▼ 22.8%
Key figures and ratios
2026 value · change against 2025
EBITDA
€13,083▼
2025 · €240,962
Cash flow
-€6,922▼
2025 · €215,964
Solvency
-1.2%▼
2025 · 1.5%
Current ratio
2.20▲
2025 · 1.99
Debt to equity
-85.22▼
2025 · 65.30
ROA
-2.9%▼
2025 · 23.3%
Interest coverage
0.63▼
2025 · 9.64
Debt ≤ 1 year
€105,242▼
2025 · €150,655
Debt > 1 year
€623,529▼
2025 · €658,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
4.0% stopped otherwise
93% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 45 lines
Balance sheet Code20252026
Assets
Total assets20/58€858,097€776,358▼
Fixed assets21/28€558,711€545,212▼
Tangible fixed assets22/27€558,711€545,212▼
Land and buildings22€554,063€540,168▼
Plant, machinery and equipment23€553€318▼
Furniture and vehicles24€760€380▼
Other tangible fixed assets26€3,335€4,346▲
Current assets29/58€299,385€231,146▼
Amounts receivable within one year40/41€3,840€56,913▲
Trade receivables40€3,840€4,176▲
Other amounts receivable41€0€52,738▲
Cash at bank and in hand54/58€295,545€173,552▼
Deferred charges and accrued income490/1-€680
Equity and liabilities
Total equity and liabilities10/49€858,097€776,358▼
Equity10/15€12,943-€9,219▼
Contributions10/11€323,379€323,379=
Capital10€323,379€323,379=
Issued capital100€323,379€323,379=
Reserves13€44,540€44,540=
Non-distributable reserves130/1€32,338€32,338=
Legal reserve130€32,338€32,338=
Distributable reserves133€12,202€12,202=
Profit (loss) carried forward14-€354,976-€377,137▼
Amounts payable17/49€845,154€785,577▼
Amounts payable after more than one year17€658,170€623,529▼
Financial debts170/4€658,170€623,529▼
Amounts payable within one year42/48€150,655€105,242▼
Trade debts44€5,709€8,719▲
Suppliers440/4€5,709€8,719▲
Other amounts payable47/48€144,946€96,523▼
Accrued charges and deferred income492/3€36,329€56,805▲
Income statement Code20252026
Non-recurring operating income76A€221,034€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,766€15,239▼
Other operating charges640/8€10,881€9,913▼
Gross operating margin9900€251,843€22,996▼
Operating profit (loss)9901€225,196-€2,157▼
Financial income75/76B-€680
Recurring financial income75-€680
Financial charges65/66B€24,998€20,685▼
Recurring financial charges65€24,998€20,685▼
Profit (loss) for the period before taxes9903€200,197-€22,162▼
Profit (loss) for the period9904€200,197-€22,162▼
Profit (loss) for the period to be appropriated9905€200,197-€22,162▼
Appropriation of the result
Profit (loss) to be appropriated9906-€354,976-€377,137▼
Profit (loss) brought forward from the previous period14P-€555,173-€354,976▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Non-recurring operating income76A---€221,034€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,028€15,144€15,439€15,766€15,239▼ 3.3%
Other operating charges640/8€11,750€10,120€10,737€10,881€9,913▼ 8.9%
Non-recurring operating charges66A-€3,017€0---
Gross operating margin9900€34,090€38,939€28,780€251,843€22,996▼ 90.9%
Operating profit (loss)9901€6,311€10,658€2,604€225,196-€2,157▼ 101%
Financial income75/76B€0€0--€680-
Recurring financial income75€0€0--€680-
Financial charges65/66B€13,606€13,613€18,307€24,998€20,685▼ 17.3%
Recurring financial charges65€13,606€13,613€18,307€24,998€20,685▼ 17.3%
Profit (loss) for the period before taxes9903-€7,295-€2,954-€15,703€200,197-€22,162▼ 111%
Profit (loss) for the period9904-€7,295-€2,954-€15,703€200,197-€22,162▼ 111%
Profit (loss) for the period to be appropriated9905-€7,295-€2,954-€15,703€200,197-€22,162▼ 111%
Line20222023202420252026Change
Assets
Total assets20/58€642,879€645,965€635,093€858,097€776,358▼ 9.5%
Fixed assets21/28€608,415€595,185€581,695€558,711€545,212▼ 2.4%
Tangible fixed assets22/27€608,415€595,185€581,695€558,711€545,212▼ 2.4%
Land and buildings22€606,515€592,020€577,525€554,063€540,168▼ 2.5%
Plant, machinery and equipment23-€1,023€788€553€318▼ 42.5%
Furniture and vehicles24€1,900€1,520€1,140€760€380▼ 50.0%
Other tangible fixed assets26€0€622€2,242€3,335€4,346▲ 30.3%
Current assets29/58€34,464€50,780€53,399€299,385€231,146▼ 22.8%
Amounts receivable within one year40/41€4,755€9,681€6,291€3,840€56,913▲ 1,382%
Trade receivables40€3,780€8,706€5,316€3,840€4,176▲ 8.7%
Other amounts receivable41€975€975€975€0€52,738-
Cash at bank and in hand54/58€29,709€41,099€47,108€295,545€173,552▼ 41.3%
Deferred charges and accrued income490/1----€680-
Equity and liabilities
Total equity and liabilities10/49€642,879€645,965€635,093€858,097€776,358▼ 9.5%
Equity10/15-€168,597-€171,551-€187,255€12,943-€9,219▼ 171%
Contributions10/11€323,379€323,379€323,379€323,379€323,379=
Capital10€323,379€323,379€323,379€323,379€323,379=
Issued capital100€323,379€323,379€323,379€323,379€323,379=
Reserves13€44,540€44,540€44,540€44,540€44,540=
Non-distributable reserves130/1€32,338€32,338€32,338€32,338€32,338=
Legal reserve130€32,338€32,338€32,338€32,338€32,338=
Distributable reserves133€12,202€12,202€12,202€12,202€12,202=
Profit (loss) carried forward14-€536,516-€539,470-€555,173-€354,976-€377,137▼ 6.2%
Amounts payable17/49€811,476€817,517€822,348€845,154€785,577▼ 7.0%
Amounts payable after more than one year17€658,170€0€658,170€658,170€623,529▼ 5.3%
Financial debts170/4€658,170€0€658,170€658,170€623,529▼ 5.3%
Amounts payable within one year42/48€140,058€817,517€152,676€150,655€105,242▼ 30.1%
Current portion of amounts payable after more than one year42-€658,170€0---
Trade debts44€7,770€6,052€332€5,709€8,719▲ 52.7%
Suppliers440/4€7,770€6,052€332€5,709€8,719▲ 52.7%
Other amounts payable47/48€132,289€153,295€152,344€144,946€96,523▼ 33.4%
Accrued charges and deferred income492/3€13,248€0€11,502€36,329€56,805▲ 56.4%
Line20222023202420252026Change
Profit (loss) for the period9904-€7,295-€2,954-€15,703€200,197-€22,162▼ 111%
+ Depreciation and write-downs630€16,028€15,144€15,439€15,766€15,239▼ 3.3%
Operating cash flow (approximation)€8,733€12,190-€264€215,964-€6,922▼ 103%
Investment in fixed assets (approximation)--€1,914-€1,949€7,217-€1,740▼ 124%
Change in cash-€11,390€6,008€248,438-€121,993▼ 149%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 30-09-2027
2026
24-09
NBB filing Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
11-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
28-02
Financial Back to profitnet €200,197
Net result €200,197 after 6 loss-making years.
28-02
Financial Liquidity times 6current ratio 1.99
Current ratio from 0.35 to 1.99; short-term debt falls from €152,676 to €150,655.
2024
26-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
29-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
26-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
11-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2020
27-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 days late
2017
05-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Kortrijk · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
5,077 m²
Building footprint
379 m²
Parcel 34022E0277/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
FADEPAR NV
Wolvendreef(Kor) 20, 8500 KortrijkInsurance, reinsurance and pension funding, except compulsory social security
since 19992.091.338.212
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34022E0277/00X000 Flanders 5,077 m² 1 · 379 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded05-03-1999
Fiscal year end28-02
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.