FE PROJECTS
ActiveFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FE PROJECTS has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,047 and a net result of €19,653. Equity has been growing by about 12% per year since 2020. Its solvency ranks better than 22% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
KBO- Status
- Active since 28-06-2019 Normal situation
- Legal form
- Private limited company
- Registered office
- Bedrijvenlaan 7, 8630 Veurne
- Activity
- Real estate agency activities NACE 68310and 3 others
- Establishment unit
- 2.294.485.411 8630 Veurne, since 28-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 14-08-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Turnover
- €5.1m
- ▼ 74.6%
- Profit
- €19,653
- ▼ 1.5%
- Equity
- €85,047
- ▲ 30.1%
- Total assets
- €2.1m
- ▼ 75.6%
Score breakdownraises risk2 of the last 3 accounts lateLiquidity: current ratio 1.04, cash €8,921, halvedlowers riskSize: turnover €5.1m, total assets €2.1mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 21% of them on solvency, 3% on liquidity, 39% on profitability and 44% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 5 accounts on average 298 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 15-07-2026
- Format
- abbreviated format
- Reference
- 2026-00296836
2020 to 2025, 5 financial years
The operating result for 2025 is 73% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 1,603 companies had the same profile as FE PROJECTS has now. Two years later, 1.9% had gone bankrupt and 96.1% were still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FE PROJECTS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,603 companies, not a prediction for FE PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €19.9m | €5.1m | ▼ 74.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €19.7m | €5.0m | ▼ 74.6% |
| Other operating charges640/8 | €0.001m | €0.001m | €0.001m | €19.7m | €5.0m | ▼ 74.6% |
| Gross operating margin9900 | -€0.002m | - | - | €19.9m | €5.1m | ▼ 74.6% |
| Operating profit (loss)9901 | -€0.003m | -€0.001m | -€0.001m | €0.2m | €0.06m | ▼ 73.0% |
| Financial charges65/66B | €42 | €43 | €48 | €0.2m | €0.04m | ▼ 79.7% |
| Recurring financial charges65 | €42 | €43 | €48 | €0.2m | €0.04m | ▼ 79.8% |
| Non-recurring financial charges66B | - | - | - | - | €125 | - |
| Profit (loss) for the period before taxes9903 | -€0.003m | -€0.001m | -€0.001m | €0.02m | €0.02m | ▼ 1.5% |
| Profit (loss) for the period9904 | -€0.003m | -€0.001m | -€0.001m | €0.02m | €0.02m | ▼ 1.5% |
| Profit (loss) for the period to be appropriated9905 | -€0.003m | -€0.001m | -€0.001m | €0.02m | €0.02m | ▼ 1.5% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.05m | €0.05m | €0.05m | €8.6m | €2.1m | ▼ 75.6% |
| Current assets29/58 | €0.05m | €0.05m | €0.05m | €8.6m | €2.1m | ▼ 75.6% |
| Amounts receivable within one year40/41 | - | - | - | €7.4m | €2.1m | ▼ 72.0% |
| Trade receivables40 | - | - | - | €7.4m | €2.1m | ▼ 72.0% |
| Other amounts receivable41 | - | - | - | - | €0.001m | - |
| Cash at bank and in hand54/58 | €0.05m | €0.05m | €0.05m | €1.2m | €0.009m | ▼ 99.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.05m | €0.05m | €0.05m | €8.6m | €2.1m | ▼ 75.6% |
| Equity10/15 | €0.05m | €0.05m | €0.05m | €0.07m | €0.09m | ▲ 30.1% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.003m | -€0.003m | -€0.005m | €0.02m | €0.04m | ▲ 128% |
| Amounts payable17/49 | - | €375 | €0 | €8.5m | €2.0m | ▼ 76.4% |
| Amounts payable within one year42/48 | - | - | - | €8.4m | €2.0m | ▼ 76.2% |
| Trade debts44 | - | - | - | €8.2m | €0.6m | ▼ 92.4% |
| Suppliers440/4 | - | - | - | €8.2m | €0.6m | ▼ 92.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | - | - |
| Taxes450/3 | - | - | - | €0.2m | - | - |
| Other amounts payable47/48 | - | - | - | €0.006m | €1.4m | ▲ 231× |
| Accrued charges and deferred income492/3 | - | €375 | €0 | €0.1m | €375 | ▼ 99.6% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.003m | -€0.001m | -€0.001m | €0.02m | €0.02m | ▼ 1.5% |
| Operating cash flow (approximation) | -€0.003m | -€0.001m | -€0.001m | €0.02m | €0.02m | ▼ 1.5% |
| Change in cash | - | -€193 | - | €1.1m | -€1.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00296836 | NBB |
| 31-12-2024 | abbreviated format | 02-10-2025 | 2025-00528833 | |
| 31-12-2023 | abbreviated format | 01-10-2025 | 2025-00528949 | |
| 31-12-2021 | abbreviated format | 22-06-2023 | 2023-00148041 | |
| 31-12-2020 | abbreviated format | 22-06-2023 | 2023-00148534 |
Comparable companies
These companies have the same main activity as FE PROJECTS: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1.3m and €3.9m, founded between 2013 and 2020.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| FE PROJECTS Veurne | 2019 | €2.1m | €0.09m | €5.1m | €5.1m | €0.02m | - | 2025 |
| GEOTEC Bilzen-Hoeselt | 2018 | €2.6m | €0.2m | €3.2m | - | €1.0m | 24.6 | 2025 |
| Dewaele Real Estate Izegem | 2017 | €2.9m | €0.5m | €3.2m | - | €0.9m | 26.2 | 2025 |
| ION AGENCY Waregem | 2016 | €3.9m | €1.3m | - | €4.2m | €0.7m | 0.2 | 2025 |
| 03BEHEER Antwerpen | 2020 | €1.3m | €0.6m | €2.0m | - | €0.2m | 18.5 | 2025 |
| BOONSTRA VASTGOEDGROEP Putte | 2020 | €2.7m | €0.3m | €1.7m | - | €1.1m | - | 2025 |
| Carlo Eggermont Gent | 2013 | €3.1m | €0.04m | €2.8m | - | €2.7m | 1.2 | 2025 |
They were chosen from the 7,156 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JRK |
|
| K.R.J. |
|
| NEYRINCK Karl |
|
The board according to the articles of association
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “In overeenstemming met de statuten wordt de vennootschap in en buiten rechte vertegenwoordigd door de meerderheid van de bestuurders…”
Articles of association, deed of 25-09-2023
Owners and capital
Shareholders
1 ownerChain of control
- THE TALENT- CAPITAL BRIDGE
- FE PROJECTS
Owners 1
-
100%
Group and network
Connections & network
5 connected companiesShow 1 more companies with a shared director
History
Acts, filings and financial milestones
15-07
Gazette deed
Algemene Vergadering - BoekjaarGeneral meeting3 points ▸
- General meeting, 30-06-2026
- Other provision, “verkorting lopend boekjaar”, 30-06-2026 (deed in Dutch)
- Other provision, 2026, 12
25-09
Gazette deed
Resignations: NEYRINCK Karl (director) and K.R.J. (director)Permanent representative: MAEYAERT Steven · Appointment: JRK (director) · Registered-office move7 points ▸
- General meeting, 05-05-2023
- Director resignation, NEYRINCK Karl (director)
- Director resignation, K.R.J. (director)
- Permanent representative, MAEYAERT Steven, mentioned 2 times in the deed
- Director appointment, JRK (director)
- Board meeting, 22-08-2023
- Registered-office move, 8630 Veurne,Bedrijvenlaan 7
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0729.571.840
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38024A0170/00E000 | Flanders | 9,478 m² | 1 · 1,608 m² | 8.7 m · 3 |