FE2
ActiveFE2 has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €161k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 1022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80=
Solvency96▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 5.35 in 2024), and 48.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
51.8%
Return on assets
8.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
31 d early
2023
6 d late
2022
25 d late
2021
29 d late
2020
32 d early
2019
45 d early
← before the deadline
after the deadline →
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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.01M▼ 21.5%
2024 · €1.29M
2018: €472k
2019: €577k
2020: €661k
2021: €724k
2022: €910k
2023: €1.08M
2024: €1.29M
2018 → 2025
Total assets
€1.95M▼ 5.4%
2024 · €2.07M
2018: €1.99M
2019: €1.47M
2020: €1.58M
2021: €1.69M
2022: €1.74M
2023: €1.88M
2024: €2.07M
2018 → 2025
Net result
€161k▼ 21.8%
2024 · €206k
2018: €9k
2019: €105k
2020: €84k
2021: €64k
2022: €186k
2023: €173k
2024: €206k
2018 → 2025
Working capital
€620k▼ 33.6%
2024 · €934k
2018: €316k
2019: €358k
2020: €433k
2021: €465k
2022: €634k
2023: €796k
2024: €934k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€724k-€910k▲ 25.6%€1.08M▲ 19.0%€1.29M▲ 19.0%€1.01M▼ 21.5%
Operating result€107k-€301k▲ 181%€273k▼ 9.4%€326k▲ 19.3%€256k▼ 21.3%
Net result€64k-€186k▲ 192%€173k▼ 6.6%€206k▲ 19.0%€161k▼ 21.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.95M
Fixed assets
€959k▲ 4.5%
Current assets
€996k▼ 13.3%
Equity and liabilities €1.95M
Equity
€1.01M▼ 21.5%
Debt
€942k▲ 21.3%
The debt ratio rises from 37.6% to 48.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€335k▼
2024 · €390k
Cash flow
€240k▼
2024 · €270k
Solvency
51.8%▼
2024 · 62.4%
Current ratio
2.65▼
2024 · 5.35
Quick ratio
2.23▼
2024 · 4.65
Debt / equity
0.93▲
2024 · 0.60
ROE
15.9%▼
2024 · 16.0%
ROA
8.3%▼
2024 · 10.0%
Interest coverage
14.33▼
2024 · 14.53
Debt
€942k▲
2024 · €777k
Debt ≤ 1 year
€375k▲
2024 · €215k
Debt > 1 year
€567k▲
2024 · €562k
Income taxes
€74k▼
2024 · €95k
Staff costs
€218k▲
2024 · €191k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.07M€1.95M▼
Fixed assets21/28€917k€959k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€915k€957k▲
Land and buildings22€769k€744k▼
Plant, machinery and equipment23€32k€36k▲
Furniture and vehicles24€114k€177k▲
Financial fixed assets28€1k€1k=
Current assets29/58€1.15M€996k▼
Amounts receivable after more than one year29€26k€0▼
Other amounts receivable291€26k€0▼
Stocks and contracts in progress3€150k€160k▲
Stocks30/36€22k€20k▼
Contracts in progress37€128k€140k▲
Amounts receivable within one year40/41€516k€571k▲
Trade receivables40€439k€520k▲
Other amounts receivable41€77k€52k▼
Current investments50/53€100k€10k▼
Cash at bank and in hand54/58€348k€244k▼
Deferred charges and accrued income490/1€8k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.07M€1.95M▼
Equity10/15€1.29M€1.01M▼
Contributions10/11€6k€6k=
Reserves13€1.28M€1.00M▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€25k€25k=
Distributable reserves133€1.25M€977k▼
Profit (loss) carried forward14-€0
Investment grants15€4k€4k▼
Amounts payable17/49€777k€942k▲
Amounts payable after more than one year17€562k€567k▲
Financial debts170/4€562k€567k▲
Amounts payable within one year42/48€215k€375k▲
Current portion of amounts payable after more than one year42€65k€69k▲
Financial debts43€48k€23k▼
Credit institutions430/8-€3k
Other loans439€48k€20k▼
Trade debts44€33k€77k▲
Suppliers440/4€33k€77k▲
Taxes, remuneration and social security45€69k€32k▼
Taxes450/3€34k€15k▼
Remuneration and social security454/9€35k€17k▼
Other amounts payable47/48€0€174k▲
Accrued charges and deferred income492/3€120€174▲
Income statement
Code20242025
Remuneration, social security and pensions62€191k€218k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€79k▲
Other operating charges640/8€12k€13k▲
Gross operating margin9900€593k€566k▼
Operating profit (loss)9901€326k€256k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€27k€23k▼
Recurring financial charges65€27k€23k▼
Profit (loss) for the period before taxes9903€301k€235k▼
Income taxes67/77€95k€74k▼
Profit (loss) for the period9904€206k€161k▼
Profit (loss) for the period to be appropriated9905€206k€161k▼
Appropriation of the result
Profit (loss) to be appropriated9906€206k€161k▼
Transfer from equity791/2-€438k
Transfer to equity691/2€206k€161k▼
To other reserves6921€206k€161k▼
Profit to be distributed694/7-€438k
Return on contributions (dividend)694-€438k
Social balance
Average headcount (FTE)90875.85.5▼
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €206k ▲19%
Operating result €326k, net result €206k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
31-12
Financial
Equity above €1MEq €1.08M ▲19%
6 profitable years in a row build equity to €1.08M.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.57
Current ratio from 1.54 to 3.57; short-term debt falls from €587k to €139k.
31-12
Financial
Equity above €500kEq €577k ▲22.2%
2 profitable years in a row build equity to €577k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 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
2 directors, last change in 2025
DRIESEN Sammy
CurrentDirector · since 03-03-2025
GERAERTS Sven Gaston Nelly
CurrentDirector · since 03-03-2025
03-03-2025
DRIESEN Sammy: Appointed as Director
03-03-2025
GERAERTS Sven Gaston Nelly: Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 2003
Ground area
2,595 m²
Building footprint
1,373 m²
Parcel 73006G0415/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Bremakker 40, 3740 Bilzen-Hoeselt
since 20032.126.640.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006G0415/00G000 | Flanders | 2,594 m² | 1 · 1,373 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,965 companies in sector 25110 we hold annual accounts for 2,134. 1,332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2003
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28520
25120Manufacture of fabricated metal products, except machinery and equipment
28120
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.