FeBelGen
ActiveSummary
FeBelGen has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.9m and a net result of €670,240. Equity is growing by ~7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 11.48 against 6.83 in 2023; short-term debt: 8.4% and cash: 22.7% of total assets), and 8.5% of the assets are financed with debt.
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Signals
Six 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 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.5%
Return on assets
20.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
14 d early
2023
28 d early
2022
14 d early
2021
17 d early
2020
9 d late
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
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. Usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€2.9m▲ 29.5%
2023 · €2.3m
Total assets
€3.2m▲ 21.4%
2023 · €2.7m
Net result
€670,240▲ 28.8%
2023 · €520,218
Working capital
€2.8m▲ 30.0%
2023 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€82,989€58,604▼ 29.4%€98,010▲ 67.2%€521,280▲ 432%€671,352▲ 28.8%
Net result€79,434within the sector's middle half€58,113within the sector's middle half▼ 26.8%€95,556within the sector's middle half▲ 64.4%€520,218above the sector's middle half▲ 444%€670,240above the sector's middle half▲ 28.8%
Equity€1.6mwithin the sector's middle half▲ 5.2%€1.7mwithin the sector's middle half▲ 3.6%€1.8mwithin the sector's middle half▲ 5.8%€2.3mwithin the sector's middle half▲ 29.6%€2.9mabove the sector's middle half▲ 29.5%
Total assets€1.8mwithin the sector's middle half▲ 12.7%€1.8mwithin the sector's middle half▼ 0.2%€1.9mwithin the sector's middle half▲ 9.4%€2.7mwithin the sector's middle half▲ 38.0%€3.2mwithin the sector's middle half▲ 21.4%
Debt€157,521▲ 301%€96,127▼ 39.0%€165,655▲ 72.3%€375,852▲ 127%€272,655▼ 27.5%
Working capital€1.5mwithin the sector's middle half▲ 8.4%€1.6mwithin the sector's middle half▲ 6.3%€1.7mwithin the sector's middle half▲ 12.1%€2.2mwithin the sector's middle half▲ 24.9%€2.8mabove the sector's middle half▲ 30.0%
Solvency91.0%above the sector's middle half▼ 6.4pp94.5%above the sector's middle half▲ 3.5pp91.4%above the sector's middle half▼ 3.1pp85.8%above the sector's middle half▼ 5.6pp91.5%above the sector's middle half▲ 5.7pp
Current ratio10.42above the sector's middle half▼ 28.1017.17above the sector's middle half▲ 6.7511.69above the sector's middle half▼ 5.496.83above the sector's middle half▼ 4.8611.48above the sector's middle half▲ 4.65
Return on assets (ROA)4.5%within the sector's middle half▲ 10.9pp3.3%within the sector's middle half▼ 1.2pp5.0%within the sector's middle half▲ 1.7pp19.6%above the sector's middle half▲ 14.6pp20.8%above the sector's middle half▲ 1.2pp
Staff (FTE)2.9below the sector's middle half▲ 7.4%2.9below the sector's middle half=2.9below the sector's middle half=3.3below the sector's middle half▲ 13.8%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 29% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.2m
Fixed assets
€118,235 ▲ 18.0%
Current assets
€3.1m ▲ 21.5%
Equity and liabilities €3.2m
Equity
€2.9m ▲ 29.5%
Debt
€272,655 ▼ 27.5%
Debt's share of the balance-sheet total falls from 14.2% to 8.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€701,164▲
2023 · €537,344
Cash flow
€700,051▲
2023 · €536,281
Debt to equity
0.09▼
2023 · 0.17
ROE
22.8%▼
2023 · 22.9%
Interest coverage
178.16▼
2023 · 228.81
Debt ≤ 1 year
€269,955▼
2023 · €373,502
Income taxes
€788▼
2023 · €1,424
Staff costs
€520,062▼
2023 · €554,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,612 | - |
| Remuneration, social security and pensions62 | - | €355,137 | €391,663 | €554,037 | €520,062 | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,535 | €36,642 | €94,297 | €16,063 | €29,812 | ▲ 85.6% |
| Other operating charges640/8 | - | €934 | €1,415 | €2,113 | €795 | ▼ 62.4% |
| Gross operating margin9900 | €441,230 | €451,316 | €585,384 | €1.1m | €1.2m | ▲ 11.8% |
| Operating profit (loss)9901 | €82,989 | €58,604 | €98,010 | €521,280 | €671,352 | ▲ 28.8% |
| Financial income75/76B | - | €161 | €568 | €2,710 | €3,611 | ▲ 33.2% |
| Recurring financial income75 | €173 | €161 | €568 | €2,710 | €3,611 | ▲ 33.2% |
| Financial charges65/66B | - | €1,027 | €2,428 | €2,348 | €3,936 | ▲ 67.6% |
| Recurring financial charges65 | €2,222 | €1,027 | €2,428 | €2,348 | €3,936 | ▲ 67.6% |
| Profit (loss) for the period before taxes9903 | €80,940 | €57,738 | €96,151 | €521,642 | €671,027 | ▲ 28.6% |
| Income taxes67/77 | €1,506 | -€375 | €595 | €1,424 | €788 | ▼ 44.7% |
| Profit (loss) for the period9904 | €79,434 | €58,113 | €95,556 | €520,218 | €670,240 | ▲ 28.8% |
| Profit (loss) for the period to be appropriated9905 | €79,434 | €58,113 | €95,556 | €520,218 | €670,240 | ▲ 28.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.9m | €2.7m | €3.2m | ▲ 21.4% |
| Fixed assets21/28 | €141,702 | €105,060 | €14,292 | €100,165 | €118,235 | ▲ 18.0% |
| Tangible fixed assets22/27 | €141,452 | €104,810 | €14,042 | €100,165 | €118,235 | ▲ 18.0% |
| Furniture and vehicles24 | - | €31,101 | €14,042 | €2,053 | €2,186 | ▲ 6.5% |
| Other tangible fixed assets26 | - | €73,709 | - | €98,113 | €116,049 | ▲ 18.3% |
| Financial fixed assets28 | €250 | €250 | €250 | - | - | - |
| Current assets29/58 | €1.6m | €1.7m | €1.9m | €2.6m | €3.1m | ▲ 21.5% |
| Amounts receivable within one year40/41 | €926,149 | €975,811 | €1.1m | €917,114 | €1.2m | ▲ 34.2% |
| Trade receivables40 | - | €881,983 | €990,751 | €906,089 | €1.2m | ▲ 35.3% |
| Other amounts receivable41 | - | €93,828 | €140,352 | €11,025 | €5,536 | ▼ 49.8% |
| Current investments50/53 | €200,000 | €454,588 | €604,434 | €1.1m | €1.1m | ▲ 1.2% |
| Cash at bank and in hand54/58 | €482,741 | €215,017 | €165,296 | €517,302 | €730,827 | ▲ 41.3% |
| Deferred charges and accrued income490/1 | - | €5,380 | €5,766 | €10,410 | €18,532 | ▲ 78.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.9m | €2.7m | €3.2m | ▲ 21.4% |
| Equity10/15 | €1.6m | €1.7m | €1.8m | €2.3m | €2.9m | ▲ 29.5% |
| Profit (loss) carried forward14 | €1.6m | €1.7m | €1.8m | €2.3m | €2.9m | ▲ 29.5% |
| Amounts payable17/49 | €157,521 | €96,127 | €165,655 | €375,852 | €272,655 | ▼ 27.5% |
| Amounts payable within one year42/48 | €155,207 | €96,127 | €163,140 | €373,502 | €269,955 | ▼ 27.7% |
| Financial debts43 | - | €182 | €242 | €1,401 | €2,397 | ▲ 71.1% |
| Credit institutions430/8 | - | €182 | €242 | €1,401 | €2,397 | ▲ 71.1% |
| Trade debts44 | €116,577 | €25,172 | €118,889 | €192,657 | €208,948 | ▲ 8.5% |
| Suppliers440/4 | - | €25,172 | €118,889 | €192,657 | €208,948 | ▲ 8.5% |
| Taxes, remuneration and social security45 | - | €70,434 | €44,009 | €179,444 | €58,610 | ▼ 67.3% |
| Taxes450/3 | - | €30,399 | - | €31,260 | €22,337 | ▼ 28.5% |
| Remuneration and social security454/9 | - | €40,035 | €44,009 | €148,185 | €36,273 | ▼ 75.5% |
| Accrued charges and deferred income492/3 | - | - | €2,515 | €2,350 | €2,700 | ▲ 14.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,434 | €58,113 | €95,556 | €520,218 | €670,240 | ▲ 28.8% |
| + Depreciation and write-downs630 | €36,535 | €36,642 | €94,297 | €16,063 | €29,812 | ▲ 85.6% |
| Operating cash flow (approximation) | €115,969 | €94,755 | €189,852 | €536,281 | €700,051 | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | €0 | -€3,528 | -€101,937 | -€47,881 | ▲ 53.0% |
| Change in cash | - | -€267,724 | -€49,722 | €352,006 | €213,526 | ▼ 39.3% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
19-05
State Gazette act
Resignation: Co-operate bv (afgevaardigd bestuurder)Permanent representative: Jasmien Coenen · Appointment: Lieve Pattyn (vice-chair) · Power of attorney6 facts ▸
State Gazette act
Resignation: Co-operate bv (afgevaardigd bestuurder)
Permanent representative: Jasmien Coenen · Appointment: Lieve Pattyn (vice-chair) · Power of attorney6 facts ▸
- Board meeting, schriftelijke besluitvorming, d.d.[invullen]
- Director resignation, Co-operate bv (afgevaardigd bestuurder)
- Permanent representative, Jasmien Coenen (permanent representative)
- Power of attorney, Wim Vervaet (bijzondere lasthebber belast met het dagelijks bestuur)
- Power of attorney, Nele D'haeze (bijzondere lasthebber belast met het dagelijks bestuur)
- Director appointment, Lieve Pattyn (vice-chair)
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €670,240 ▲28.8%
Operating result €671,352, net result €670,240, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.3m ▲29.6%
4 profitable years in a row build equity to €2.3m.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-12
Financial
Back to profitnet €79,434
Net result €79,434 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€100,054
Net result drops to -€100,054, the lowest in the series; recovery starts the following year.
Show earlier events
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 24 acts read
About the unread acts
Of the 24 Belgian State Gazette acts we know for this company, 1 has been read. The other 23 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Lieve Pattyn
CurrentVice-chair · since 21-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
23 of this company's 24 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, Brussel · 1 establishment unit since 2007
Ground area
4.4 ha
Building footprint
3.9 ha
Volume, LiDAR
615,702 m³
Parcel 21814P0441/00B000, Brussels · tallest building 34.0 m, ±6 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
FEDERATION BELGIAN GENERICS
since 20072.160.817.728
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 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.
Mandate history
2 people since 2025, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Lieve Pattyn |
|
| Co-operate |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 1,177 companies in sector 72109 we hold annual accounts for 717. 363 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded26-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476316223
Also
9925:BE0476316223
Registered
26-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.