FDE & CO
ActiveSummary
The computed 12-month bankruptcy probability of FDE & CO is 3.6% (moderate). The 2024 annual accounts show equity of €66k and a net result of €24k. Equity is growing by ~56.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 18936 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2022
Profitability87▲+16
Solvency65▲+5
Growth81=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.45 in 2022; short-term debt: 60% and cash: 78.8% of total assets), but 60% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
40%
Return on assets
14.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2022
214 d late
2021
30 d late
2020
117 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€159k▲ 4.6%
2021 · €152k
2019: €102k
2020: €78k▼ -23.4% vs 2019lowest in 4 years
2021: €152k▲ +94.8% vs 2020
2022: €159k▲ +4.6% vs 2021highest in 4 years
2019 → 2022
EBIT margin
7.5%▼ 9.9pp
2021 · 17.4%
2019: -11.2%lowest in 4 years
2020: -4.7%▲ +58.5% vs 2019
2021: 17.4%▲ +474% vs 2020highest in 4 years
2022: 7.5%▼ -56.9% vs 2021
2019 → 2022
Net result
€24k▲ 187%
2022 · €8k
2019: €-12klowest value
2020: €-4k▲ +69.5% vs 2019
2021: €25k▲ +810% vs 2020highest value
2022: €8k▼ -67.3% vs 2021
2024: €24k
2019 → 2024
Working capital
€60k▲ 128%
2022 · €26k
2019: €2k
2020: €-3k▼ -258% vs 2019lowest value
2021: €23k▲ +1010% vs 2020
2022: €26k▲ +15.3% vs 2021
2024: €60khighest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Turnover€102k-€78k▼ 23.4%€152k▲ 94.8%€159k▲ 4.6%
2019: €102k
2020: €78k▼ -23.4% vs 2019lowest in 4 years
2021: €152k▲ +94.8% vs 2020
2022: €159k▲ +4.6% vs 2021highest in 4 years
Equity€2k-€-2k€24k€32k▲ 34.9%€66k▲ 106%
2019: €2k
2020: €-2k▼ -179% vs 2019lowest value
2021: €24k▲ +1611% vs 2020
2022: €32k▲ +34.9% vs 2021
2024: €66khighest value
Operating result€-11k-€-4k▲ 68.2%€26k€12k▼ 54.9%€30k▲ 148%
2019: €-11klowest value
2020: €-4k▲ +68.2% vs 2019
2021: €26k▲ +828% vs 2020
2022: €12k▼ -54.9% vs 2021
2024: €30khighest value
Net result€-12k-€-4k▲ 69.5%€25k€8k▼ 67.3%€24k▲ 187%
2019: €-12klowest value
2020: €-4k▲ +69.5% vs 2019
2021: €25k▲ +810% vs 2020highest value
2022: €8k▼ -67.3% vs 2021
2024: €24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €30k in 2024, compared with €12k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €164k
Fixed assets
€6k ▲ 1.2%
Current assets
€158k ▲ 85.8%
Equity and liabilities €164k
Equity
€66k ▲ 106%
Debt
€98k ▲ 67.0%
Debt's share of the balance-sheet total falls from 64.9% to 60.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2022 · €13k
Cash flow
€26k▲
2022 · €10k
Current ratio
1.61▲
2022 · 1.45
Quick ratio
1.56▲
2022 · 1.39
Debt to equity
1.50▼
2022 · 1.85
ROE
36.0%▲
2022 · 25.9%
ROA
14.4%▲
2022 · 9.1%
Interest coverage
91.94▼
2022 · 95.95
Debt ≤ 1 year
€98k▲
2022 · €59k
Income taxes
€6k▲
2022 · €4k
Staff costs
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2022 · 50 lines
Balance sheet
Code20222024
Assets
Total assets20/58€91k€164k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€750€900▲
Current assets29/58€85k€158k▲
Stocks and contracts in progress3€4k€5k▲
Stocks30/36€4k€5k▲
Amounts receivable within one year40/41€38k€23k▼
Trade receivables40€18k€16k▼
Other amounts receivable41€20k€8k▼
Cash at bank and in hand54/58€44k€129k▲
Deferred charges and accrued income490/1€333€741▲
Equity and liabilities
Total equity and liabilities10/49€91k€164k▲
Equity10/15€32k€66k▲
Contributions10/11€14k€14k=
Outside capital11-€14k
Other1109/19-€14k
Profit (loss) carried forward14€18k€52k▲
Amounts payable17/49€59k€98k▲
Amounts payable within one year42/48€59k€98k▲
Financial debts43-€17k
Other loans439-€17k
Trade debts44€49k€60k▲
Suppliers440/4€49k€60k▲
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€9k€20k▲
Taxes450/3€9k€19k▲
Remuneration and social security454/9-€260
Other amounts payable47/48-€135
Income statement
Code20222024
Turnover70€159k-
Non-recurring operating income76A€11k-
Goods, raw materials, services and sundry goods60/61€154k-
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€522€2k▲
Non-recurring operating charges66A€2k€667▼
Gross operating margin9900€16k€39k▲
Operating profit (loss)9901€12k€30k▲
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€139€351▲
Recurring financial charges65€139€351▲
Profit (loss) for the period before taxes9903€12k€29k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€8k€24k▲
Profit (loss) for the period to be appropriated9905€8k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€52k▲
Profit (loss) brought forward from the previous period14P€10k€28k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €102k | €78k | €152k | €159k | - | - |
| Non-recurring operating income76A | - | - | €340 | €11k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €125k | €154k | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €4k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €198 | €198 | €1k | €3k | - |
| Other operating charges640/8 | - | - | - | €522 | €2k | - |
| Non-recurring operating charges66A | - | - | €705 | €2k | €667 | - |
| Gross operating margin9900 | €-10k | €-3k | €27k | €16k | €39k | - |
| Operating profit (loss)9901 | €-11k | €-4k | €26k | €12k | €30k | - |
| Financial income75/76B | - | - | - | - | €7 | - |
| Recurring financial income75 | - | €96 | - | - | €7 | - |
| Financial charges65/66B | - | - | €119 | €139 | €351 | - |
| Recurring financial charges65 | €66 | - | €119 | €139 | €351 | - |
| Profit (loss) for the period before taxes9903 | €-12k | €-4k | €26k | €12k | €29k | - |
| Income taxes67/77 | - | - | €1k | €4k | €6k | - |
| Profit (loss) for the period9904 | €-12k | €-4k | €25k | €8k | €24k | - |
| Profit (loss) for the period to be appropriated9905 | €-12k | €-4k | €25k | €8k | €24k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20k | €112k | €156k | €91k | €164k | - |
| Fixed assets21/28 | €396 | €948 | €750 | €5k | €6k | - |
| Tangible fixed assets22/27 | €396 | €198 | €0 | €5k | €5k | - |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | - | - | - | €5k | €3k | - |
| Financial fixed assets28 | - | €750 | €750 | €750 | €900 | - |
| Current assets29/58 | €20k | €111k | €155k | €85k | €158k | - |
| Stocks and contracts in progress3 | €9k | - | €3k | €4k | €5k | - |
| Stocks30/36 | - | - | €3k | €4k | €5k | - |
| Amounts receivable within one year40/41 | €9k | €98k | €108k | €38k | €23k | - |
| Trade receivables40 | - | - | €99k | €18k | €16k | - |
| Other amounts receivable41 | - | - | €9k | €20k | €8k | - |
| Cash at bank and in hand54/58 | €2k | €13k | €44k | €44k | €129k | - |
| Deferred charges and accrued income490/1 | - | - | €311 | €333 | €741 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20k | €112k | €156k | €91k | €164k | - |
| Equity10/15 | €2k | €-2k | €24k | €32k | €66k | - |
| Contributions10/11 | €14k | €14k | €14k | €14k | €14k | - |
| Outside capital11 | - | - | - | - | €14k | - |
| Other1109/19 | - | - | - | - | €14k | - |
| Profit (loss) carried forward14 | €-12k | €-15k | €10k | €18k | €52k | - |
| Amounts payable17/49 | €18k | €114k | €132k | €59k | €98k | - |
| Amounts payable within one year42/48 | €18k | €114k | €132k | €59k | €98k | - |
| Financial debts43 | - | - | - | - | €17k | - |
| Other loans439 | - | - | - | - | €17k | - |
| Trade debts44 | €2k | €44k | €67k | €49k | €60k | - |
| Suppliers440/4 | - | - | €67k | €49k | €60k | - |
| Advances received on contracts in progress46 | - | - | €60k | - | €2k | - |
| Taxes, remuneration and social security45 | - | - | €5k | €9k | €20k | - |
| Taxes450/3 | - | - | €5k | €9k | €19k | - |
| Remuneration and social security454/9 | - | - | - | - | €260 | - |
| Other amounts payable47/48 | - | - | - | - | €135 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €-4k | €25k | €8k | €24k | - |
| + Depreciation and write-downs630 | €1k | €198 | €198 | €1k | €3k | - |
| Operating cash flow (approximation) | €-10k | €-3k | €25k | €10k | €26k | - |
| Investment in fixed assets (approximation) | - | €-750 | €0 | €-6k | - | - |
| Change in cash | - | €11k | €31k | €-430 | - | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 214 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Anderlecht · 1 establishment unit since 2018
Ground area
204 m²
Building footprint
201 m²
Volume, LiDAR
2,375 m³
Parcel 21001A0360/00T003, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Le Penalty
since 20182.280.721.012
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0360/00T003 | Brussels | 203 m² | 1 · 201 m² | 14.2 m · 4 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.280.721.012
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 3,959 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
Founded25-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.