Fébesthoff
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €11,271, larger than the loss of €10,328 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Average over the year, in full-time equivalents | 0.2 | 0.1 |
| Joined | 1 | - |
| Left | 1 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €87,022 | €2,400 |
| Depreciation and write-downs of the year | €15,323 | €16,718 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €6,096 | €1,729 | ▼ 71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,323 | €16,718 | ▲ 9.1% |
| Other operating charges640/8 | €4,096 | €3,333 | ▼ 18.6% |
| Non-recurring operating charges66A | - | €440 | - |
| Gross operating margin9900 | €15,188 | €10,949 | ▼ 27.9% |
| Operating profit (loss)9901 | -€10,328 | -€11,271 | ▼ 9.1% |
| Financial income75/76B | €49 | €76 | ▲ 54.3% |
| Recurring financial income75 | €49 | €76 | ▲ 54.3% |
| Financial charges65/66B | €3,423 | €2,003 | ▼ 41.5% |
| Recurring financial charges65 | €3,423 | €2,003 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | -€13,701 | -€13,198 | ▲ 3.7% |
| Profit (loss) for the period9904 | -€13,701 | -€13,198 | ▲ 3.7% |
| Profit (loss) for the period to be appropriated9905 | -€13,701 | -€13,198 | ▲ 3.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €85,208 | €73,380 | ▼ 13.9% |
| Fixed assets21/28 | €71,698 | €53,340 | ▼ 25.6% |
| Tangible fixed assets22/27 | €71,698 | €53,340 | ▼ 25.6% |
| Land and buildings22 | €21,762 | €16,659 | ▼ 23.4% |
| Plant, machinery and equipment23 | €15,465 | €10,776 | ▼ 30.3% |
| Furniture and vehicles24 | €6,360 | €5,019 | ▼ 21.1% |
| Leasing and similar rights25 | €28,112 | €20,886 | ▼ 25.7% |
| Current assets29/58 | €13,510 | €20,040 | ▲ 48.3% |
| Stocks and contracts in progress3 | €10,590 | €12,866 | ▲ 21.5% |
| Stocks30/36 | €5,000 | €7,016 | ▲ 40.3% |
| Contracts in progress37 | €5,590 | €5,850 | ▲ 4.7% |
| Amounts receivable within one year40/41 | €2,842 | €7,114 | ▲ 150% |
| Trade receivables40 | €1,026 | €6,890 | ▲ 572% |
| Other amounts receivable41 | €1,816 | €224 | ▼ 87.7% |
| Cash at bank and in hand54/58 | €78 | €60 | ▼ 22.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €85,208 | €73,380 | ▼ 13.9% |
| Equity10/15 | -€13,701 | -€23,899 | ▼ 74.4% |
| Contributions10/11 | - | €3,000 | - |
| Profit (loss) carried forward14 | -€13,701 | -€26,899 | ▼ 96.3% |
| Amounts payable17/49 | €98,909 | €97,279 | ▼ 1.6% |
| Amounts payable after more than one year17 | €29,988 | €20,722 | ▼ 30.9% |
| Financial debts170/4 | €29,988 | €20,722 | ▼ 30.9% |
| Amounts payable within one year42/48 | €68,922 | €76,557 | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | €8,888 | €9,266 | ▲ 4.3% |
| Financial debts43 | €2,575 | - | - |
| Credit institutions430/8 | €2,575 | - | - |
| Trade debts44 | €9,238 | €7,104 | ▼ 23.1% |
| Suppliers440/4 | €9,238 | €7,104 | ▼ 23.1% |
| Taxes, remuneration and social security45 | - | €5,477 | - |
| Taxes450/3 | - | €5,477 | - |
| Other amounts payable47/48 | €48,221 | €54,711 | ▲ 13.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€13,701 | -€13,198 | ▲ 3.7% |
| + Depreciation and write-downs630 | €15,323 | €16,718 | ▲ 9.1% |
| Operating cash flow (approximation) | €1,622 | €3,520 | ▲ 117% |
| Investment in fixed assets (approximation) | - | €1,640 | - |
| Change in cash | - | -€18 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as Fébesthoff has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Fébesthoff itself: 4.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for Fébesthoff. 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.