FEATHERLINE
ActiveSummary
FEATHERLINE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €184k and a net result of €33k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 878 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
93
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▼-8
Solvency100=
Growth82▼-3
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.1 in 2023; short-term debt: 23.3% and cash: 30.4% of total assets), and 23.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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
not confirmed
2024
53 d late
2023
2 d late
2022
16 d late
2021
25 d early
2020
60 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€147k▼ 0.5%
2023 · €147k
2022: €107k
2023: €147k
2022 → 2024
EBIT margin
33.7%▼ 9.7pp
2023 · 43.4%
2022: 21.2%
2023: 43.4%
2022 → 2024
Net result
€33k▼ 24.5%
2023 · €44k
2018: €9k
2019: €-6k
2020: €7k
2021: €6k
2022: €16k
2023: €44k
2018 → 2024
Working capital
€21k▲ 449%
2023 · €4k
2018: €7k
2019: €-9k
2020: €-8k
2021: €-10k
2022: €-48k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€107k€147k▲ 37.8%€147k▼ 0.5%
Equity€84k-€90k▲ 7.2%€107k▲ 17.9%€151k▲ 41.6%€184k▲ 22.2%
Operating result€11k-€9k▼ 14.9%€23k▲ 145%€64k▲ 182%€49k▼ 22.7%
Net result€7k-€6k▼ 15.9%€16k▲ 166%€44k▲ 174%€33k▼ 24.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 23% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240k
Fixed assets
€163k ▲ 11.1%
Current assets
€77k ▲ 76.0%
Equity and liabilities €240k
Equity
€184k ▲ 22.2%
Debt
€56k ▲ 40.2%
Debt's share of the balance-sheet total rises from 20.9% to 23.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▼
2023 · €72k
Cash flow
€42k▼
2023 · €52k
Current ratio
1.38▲
2023 · 1.10
Debt to equity
0.30▲
2023 · 0.26
ROE
18.1%▼
2023 · 29.4%
ROA
13.9%▼
2023 · 23.2%
Interest coverage
198.67▼
2023 · 356.91
Debt ≤ 1 year
€56k▲
2023 · €40k
Income taxes
€16k▼
2023 · €19k
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 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€191k€240k▲
Fixed assets21/28€147k€163k▲
Tangible fixed assets22/27€147k€163k▲
Land and buildings22€147k€139k▼
Plant, machinery and equipment23-€361
Furniture and vehicles24€389€24k▲
Current assets29/58€44k€77k▲
Amounts receivable within one year40/41€16k€2k▼
Trade receivables40€16k€2k▼
Cash at bank and in hand54/58€27k€73k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€191k€240k▲
Equity10/15€151k€184k▲
Contributions10/11€6k€6k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€16k€16k=
Profit (loss) carried forward14€127k€161k▲
Amounts payable17/49€40k€56k▲
Amounts payable within one year42/48€40k€56k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€29k€35k▲
Taxes450/3€29k€35k▲
Other amounts payable47/48€10k€19k▲
Income statement
Code20232024
Turnover70€147k€147k▼
Goods, raw materials, services and sundry goods60/61€73k€86k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€75k€61k▼
Operating profit (loss)9901€64k€49k▼
Financial charges65/66B€202€293▲
Recurring financial charges65€202€293▲
Profit (loss) for the period before taxes9903€64k€49k▼
Income taxes67/77€19k€16k▼
Profit (loss) for the period9904€44k€33k▼
Profit (loss) for the period to be appropriated9905€44k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€161k▲
Profit (loss) brought forward from the previous period14P€83k€127k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Highest result since 2018net €44k ▲174%
Operating result €64k, net result €44k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.10
Current ratio from 0.34 to 1.10; short-term debt falls from €73k to €40k.
31-12
Financial
Equity above €150kEq €151k ▲41.6%
4 profitable years in a row build equity to €151k.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Equity above €100kEq €107k ▲17.9%
3 profitable years in a row build equity to €107k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-6k ▼171%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
Show earlier events
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ittre · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Thibermont 181461 IttreGround area
1,485 m²
Building footprint
93 m²
Parcel 25039A0120/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Thibermont 18, 1461 Ittre
since 19982.078.564.894
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25039A0120/00T000 | Wallonia | 1,485 m² | 1 · 93 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.
Similar companies · same sector, comparable size
Mercatorfonds
BE 0404.784.463
Brussel · Eq €186,474
AB EDITIONS
BE 0469.179.496
Elsene · Eq €181,880
PERPETUA
BE 0807.223.211
Oostende · Eq €187,739
COMPERNOLLE CONSULTING
BE 0859.901.139
Etterbeek · Eq €180,418
SNOECK UITGEVERIJ
BE 0863.835.280
Gent · Eq €179,932
Of 1,112 companies in sector 58110 we hold annual accounts for 363. 264 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-1996
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.