FEBP
ActiveSummary
FEBP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,917) and a net result of -€17,433. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency13▼-33
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.56 in 2024; short-term debt: 112.1% and cash: 0.6% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-12.1%
Return on assets
-42.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year -€4,917
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2022
92 d late
2021
144 d late
2020
61 d late
2019
122 d late
2018
29 d late
← 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 77 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 30 September (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€4,917
2024 · €12,516
Total assets
€40,714▼ 31.4%
2024 · €59,352
Net result
-€17,433▲ 48.6%
2024 · -€33,948
Working capital
-€21,017▼ 1.4%
2024 · -€20,726
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20202021202220242025
Operating result€18,244€40,005▲ 119%-€23,067-€32,830--€16,727▲ 49.0%
Net result€15,931within the sector's middle half€29,234within the sector's middle half▲ 83.5%-€24,180below the sector's middle half-€33,948below the sector's middle half--€17,433below the sector's middle half▲ 48.6%
Equity€21,099within the sector's middle half▲ 308%€50,333within the sector's middle half▲ 139%€26,153within the sector's middle half▼ 48.0%€12,516below the sector's middle half--€4,917below the sector's middle half
Total assets€103,203within the sector's middle half▲ 107%€73,824within the sector's middle half▼ 28.5%€78,729within the sector's middle half▲ 6.6%€59,352within the sector's middle half-€40,714below the sector's middle half▼ 31.4%
Debt€82,104▲ 83.3%€23,491▼ 71.4%€52,576▲ 124%€46,837-€45,631▼ 2.6%
Working capital-€7,445below the sector's middle half▲ 27.2%€12,673within the sector's middle half-€15,274below the sector's middle half-€20,726below the sector's middle half--€21,017below the sector's middle half▼ 1.4%
Solvency20.4%within the sector's middle half▲ 10.1pp68.2%within the sector's middle half▲ 47.7pp33.2%within the sector's middle half▼ 35.0pp21.1%below the sector's middle half--12.1%below the sector's middle half▼ 33.2pp
Current ratio0.91below the sector's middle half▲ 0.141.54within the sector's middle half▲ 0.630.71below the sector's middle half▼ 0.830.56below the sector's middle half-0.54below the sector's middle half▼ 0.02
Return on assets (ROA)15.4%within the sector's middle half▲ 37.1pp39.6%above the sector's middle half▲ 24.2pp-30.7%below the sector's middle half▼ 70.3pp-57.2%below the sector's middle half--42.8%below the sector's middle half▲ 14.4pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,727 in 2025 against €32,830 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,714
Fixed assets
€16,100 ▼ 51.6%
Current assets
€24,614 ▼ 5.7%
Key figures and ratios
EBITDA
-€11,470▲
2024 · -€25,099
Cash flow
-€12,176▲
2024 · -€26,217
Debt to equity
-9.28▼
2024 · 3.74
Interest coverage
-23.73▲
2024 · -44.53
Debt ≤ 1 year
€45,631▼
2024 · €46,837
Income taxes
€222▼
2024 · €561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,038 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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €108 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,302 | €6,822 | €6,674 | €7,731 | €5,257 | ▼ 32.0% |
| Other operating charges640/8 | - | €348 | €4,598 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €21,004 | €47,282 | -€11,796 | -€24,712 | -€11,071 | ▲ 55.2% |
| Operating profit (loss)9901 | €18,244 | €40,005 | -€23,067 | -€32,830 | -€16,727 | ▲ 49.0% |
| Financial income75/76B | - | €19 | €0 | €7 | - | - |
| Recurring financial income75 | €24 | €19 | €0 | €7 | - | - |
| Financial charges65/66B | - | €416 | €422 | €564 | €483 | ▼ 14.3% |
| Recurring financial charges65 | €242 | €416 | €422 | €564 | €483 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €18,026 | €39,608 | -€23,489 | -€33,387 | -€17,210 | ▲ 48.5% |
| Income taxes67/77 | €2,095 | €10,374 | €691 | €561 | €222 | ▼ 60.4% |
| Profit (loss) for the period9904 | €15,931 | €29,234 | -€24,180 | -€33,948 | -€17,433 | ▲ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €15,931 | €29,234 | -€24,180 | -€33,948 | -€17,433 | ▲ 48.6% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,203 | €73,824 | €78,729 | €59,352 | €40,714 | ▼ 31.4% |
| Fixed assets21/28 | €28,545 | €37,660 | €41,426 | €33,241 | €16,100 | ▼ 51.6% |
| Tangible fixed assets22/27 | €13,682 | €22,397 | €26,163 | €17,978 | €15,337 | ▼ 14.7% |
| Plant, machinery and equipment23 | - | €2,594 | €4,986 | €5,229 | €5,274 | ▲ 0.9% |
| Furniture and vehicles24 | - | €19,803 | €9,883 | €3,764 | €2,231 | ▼ 40.7% |
| Other tangible fixed assets26 | - | - | €11,294 | €8,986 | €7,832 | ▼ 12.8% |
| Financial fixed assets28 | €14,863 | €15,263 | €15,263 | €15,263 | €763 | ▼ 95.0% |
| Current assets29/58 | €74,659 | €36,164 | €37,303 | €26,111 | €24,614 | ▼ 5.7% |
| Amounts receivable within one year40/41 | €71,573 | €26,209 | €31,011 | €17,136 | €18,127 | ▲ 5.8% |
| Trade receivables40 | - | €1,037 | €2,443 | €1,319 | €13,576 | ▲ 929% |
| Other amounts receivable41 | - | €25,172 | €28,568 | €15,817 | €4,551 | ▼ 71.2% |
| Cash at bank and in hand54/58 | €3,085 | €9,955 | €6,292 | €503 | €225 | ▼ 55.3% |
| Deferred charges and accrued income490/1 | - | - | - | €8,472 | €6,262 | ▼ 26.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,203 | €73,824 | €78,729 | €59,352 | €40,714 | ▼ 31.4% |
| Equity10/15 | €21,099 | €50,333 | €26,153 | €12,516 | -€4,917 | ▼ 139% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €2,499 | €31,733 | €7,553 | -€6,084 | -€23,517 | ▼ 287% |
| Amounts payable17/49 | €82,104 | €23,491 | €52,576 | €46,837 | €45,631 | ▼ 2.6% |
| Amounts payable within one year42/48 | €82,104 | €23,491 | €52,576 | €46,837 | €45,631 | ▼ 2.6% |
| Financial debts43 | - | - | - | €2,678 | €96 | ▼ 96.4% |
| Credit institutions430/8 | - | - | - | €2,678 | €96 | ▼ 96.4% |
| Trade debts44 | €51,379 | €10,726 | €52,576 | €43,904 | €19,690 | ▼ 55.2% |
| Suppliers440/4 | - | €10,726 | €52,576 | €43,904 | €19,690 | ▼ 55.2% |
| Advances received on contracts in progress46 | - | - | - | - | €1,085 | - |
| Taxes, remuneration and social security45 | - | €10,233 | - | €255 | €203 | ▼ 20.3% |
| Taxes450/3 | - | €10,233 | - | €255 | €203 | ▼ 20.3% |
| Other amounts payable47/48 | - | €2,532 | - | - | €24,557 | - |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,931 | €29,234 | -€24,180 | -€33,948 | -€17,433 | ▲ 48.6% |
| + Depreciation and write-downs630 | €2,302 | €6,822 | €6,674 | €7,731 | €5,257 | ▼ 32.0% |
| Operating cash flow (approximation) | €18,233 | €36,056 | -€17,507 | -€26,217 | -€12,176 | ▲ 53.6% |
| Investment in fixed assets (approximation) | - | -€15,937 | -€10,440 | - | €11,885 | - |
| Change in cash | - | €6,870 | -€3,664 | - | -€278 | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€33,948
Net result drops to -€33,948, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
2021
31-12
Financial
Highest result since 2018net €29,234 ▲83.5%
Operating result €40,005, net result €29,234, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €15,931
Net result €15,931 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Waterloo · 1 establishment unit since 2017
Ground area
2,221 m²
Building footprint
777 m²
Volume, LiDAR
2,475 m³
2 parcels, Wallonia · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FEBP
since 20172.270.358.442
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764N0431/00A000 | Wallonia | 1,440 m² | 1 · 256 m² | 12.1 m · 3 fl. |
| 25762F0042/00D000 | Wallonia | 781 m² | 1 · 521 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,037 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
Founded27-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
43990Other specialised construction activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685406948
Also
9925:BE0685406948
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.