FE25
ActiveSummary
FE25 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-6
Solvency28▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-1.5%
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 24% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 24%
← 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 26-08-2026, 26 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
26 d late
2024
20 d early
2023
28 d late
2022
30 d late
2021
1 d early
2020
1 d early
2019
6 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 36.9%
2024 · €6k
2018: €-16k
2019: €-19k▼ -15.8% vs 2018lowest in 8 years
2020: €-19k● -0.0% vs 2019lowest in 8 years
2021: €-800▲ +95.8% vs 2020
2022: €7k▲ +994% vs 2021highest in 8 years
2023: €4k▼ -37.9% vs 2022
2024: €6k▲ +33.9% vs 2023
2025: €4k▼ -36.9% vs 2024
2018 → 2025
Total assets
€146k▼ 0.3%
2024 · €146k
2018: €18k
2019: €6k▼ -67.4% vs 2018lowest in 8 years
2020: €6k● 0.0% vs 2019lowest in 8 years
2021: €24k▲ +310% vs 2020
2022: €148k▲ +510% vs 2021highest in 8 years
2023: €125k▼ -15.4% vs 2022
2024: €146k▲ +17.1% vs 2023
2025: €146k▼ -0.3% vs 2024
2018 → 2025
Net result
€-2k
2024 · €2k
2018: €-29klowest value
2019: €-3k▲ +90.9% vs 2018
2021: €18khighest value
2022: €8k▼ -56.6% vs 2021
2023: €-3k▼ -134% vs 2022
2024: €2k▲ +155% vs 2023
2025: €-2k▼ -245% vs 2024
2018 → 2025
Working capital
€8k▼ 20.8%
2024 · €11k
2018: €11khighest value
2024: €11k
2025: €8k▼ -20.8% vs 2024lowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-800-€7k€4k▼ 37.9%€6k▲ 33.9%€4k▼ 36.9%
2021: €-800lowest in 5 years
2022: €7k▲ +994% vs 2021highest in 5 years
2023: €4k▼ -37.9% vs 2022
2024: €6k▲ +33.9% vs 2023
2025: €4k▼ -36.9% vs 2024
Operating result€18k-€8k▼ 56.4%€-3k€2k€-2k
2021: €18khighest in 5 years
2022: €8k▼ -56.4% vs 2021
2023: €-3k▼ -133% vs 2022lowest in 5 years
2024: €2k▲ +158% vs 2023
2025: €-2k▼ -238% vs 2024
Net result€18k-€8k▼ 56.6%€-3k€2k€-2k
2021: €18khighest in 5 years
2022: €8k▼ -56.6% vs 2021
2023: €-3k▼ -134% vs 2022lowest in 5 years
2024: €2k▲ +155% vs 2023
2025: €-2k▼ -245% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146k
Fixed assets
€134k =
Current assets
€12k ▼ 3.2%
Equity and liabilities €146k
Equity
€4k ▼ 36.9%
Debt
€142k ▲ 1.3%
Debt's share of the balance-sheet total rises from 95.9% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.31▼
2024 · 6.82
Debt to equity
37.89▲
2024 · 23.62
ROE
-58.4%▼
2024 · 25.3%
ROA
-1.5%▼
2024 · 1.0%
Debt ≤ 1 year
€4k▲
2024 · €2k
Debt > 1 year
€139k=
2024 · €139k
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 · 2025 against 2024 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€146k€146k▼
Fixed assets21/28€134k€134k=
Tangible fixed assets22/27€2k€2k=
Furniture and vehicles24€2k€2k=
Financial fixed assets28€132k€132k=
Current assets29/58€12k€12k▼
Amounts receivable within one year40/41€10k€10k=
Trade receivables40€10k€10k=
Cash at bank and in hand54/58€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€146k€146k▼
Equity10/15€6k€4k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-13k€-15k▼
Amounts payable17/49€140k€142k▲
Amounts payable after more than one year17€139k€139k=
Other amounts payable178/9€139k€139k=
Amounts payable within one year42/48€2k€4k▲
Other amounts payable47/48€2k€4k▲
Income statement
Code20242025
Other operating charges640/8€649€150▼
Gross operating margin9900€2k€-2k▼
Operating profit (loss)9901€2k€-2k▼
Financial charges65/66B€46€46=
Recurring financial charges65€46€46=
Profit (loss) for the period before taxes9903€2k€-2k▼
Profit (loss) for the period9904€2k€-2k▼
Profit (loss) for the period to be appropriated9905€2k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-15k▼
Profit (loss) brought forward from the previous period14P€-14k€-13k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €498 | €132 | €871 | €649 | €150 | ▼ 76.9% |
| Gross operating margin9900 | €19k | €8k | €-2k | €2k | €-2k | ▼ 191% |
| Operating profit (loss)9901 | €18k | €8k | €-3k | €2k | €-2k | ▼ 238% |
| Financial charges65/66B | - | €29 | €54 | €46 | €46 | = |
| Recurring financial charges65 | - | €29 | €54 | €46 | €46 | = |
| Profit (loss) for the period before taxes9903 | €18k | €8k | €-3k | €2k | €-2k | ▼ 245% |
| Profit (loss) for the period9904 | €18k | €8k | €-3k | €2k | €-2k | ▼ 245% |
| Profit (loss) for the period to be appropriated9905 | €18k | €8k | €-3k | €2k | €-2k | ▼ 245% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €148k | €125k | €146k | €146k | ▼ 0.3% |
| Fixed assets21/28 | €2k | €112k | €112k | €134k | €134k | = |
| Tangible fixed assets22/27 | €2k | €2k | €2k | €2k | €2k | = |
| Furniture and vehicles24 | €2k | €2k | €2k | €2k | €2k | = |
| Financial fixed assets28 | - | €110k | €110k | €132k | €132k | = |
| Current assets29/58 | €22k | €35k | €13k | €12k | €12k | ▼ 3.2% |
| Amounts receivable within one year40/41 | €22k | €32k | €10k | €10k | €10k | = |
| Trade receivables40 | €20k | €30k | €10k | €10k | €10k | = |
| Other amounts receivable41 | €2k | €2k | €110 | - | - | - |
| Cash at bank and in hand54/58 | €126 | €4k | €3k | €2k | €2k | ▼ 16.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €148k | €125k | €146k | €146k | ▼ 0.3% |
| Equity10/15 | €-800 | €7k | €4k | €6k | €4k | ▼ 36.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-19k | €-11k | €-14k | €-13k | €-15k | ▼ 17.3% |
| Amounts payable17/49 | €25k | €141k | €121k | €140k | €142k | ▲ 1.3% |
| Amounts payable after more than one year17 | €25k | €141k | €121k | €139k | €139k | = |
| Other amounts payable178/9 | €25k | €141k | €121k | €139k | €139k | = |
| Amounts payable within one year42/48 | - | - | - | €2k | €4k | ▲ 99.8% |
| Other amounts payable47/48 | - | - | - | €2k | €4k | ▲ 99.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €8k | €-3k | €2k | €-2k | ▼ 245% |
| Operating cash flow (approximation) | €18k | €8k | €-3k | €2k | €-2k | ▼ 245% |
| Investment in fixed assets (approximation) | - | €-110k | €0 | €-22k | €0 | ▲ 100% |
| Change in cash | - | €3k | €-925 | €-342 | €-389 | ▼ 14.0% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €18k
Operating result €18k, net result €18k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mechelen · 1 establishment unit since 2011
Ground area
579 m²
Building footprint
190 m²
Volume, LiDAR
947 m³
Parcel 12402B0443/00S002, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
FLOATING EVENTS
since 20112.208.143.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0443/00S002 | Flanders | 579 m² | 1 · 190 m² | 10.1 m · 1 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.
Similar companies · same sector, comparable size
Whitehome Real Estate Partner
BE 0676.893.219
Walhain · Eq €3,753
Immo Annelies
BE 0802.916.609
Zottegem · Eq €3,745
Van Edom
BE 0799.570.505
Schilde · Eq €3,757
Jules Claraval
BE 1014.873.782
Brussel · Eq €3,736
AG INVESTMENT
BE 0671.531.691
Elsene · Eq €3,769
Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 1,714 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
Founded12-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.