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FEDELINS

Active
Private limited companyfounded 20223 yrs activeEmile Zolalaan 67/ETRC, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0795.463.148
Summary

The computed 12-month bankruptcy probability of FEDELINS is 5.3% (elevated). The 2025 annual accounts show equity of €49,781 and a net result of €21,889. Equity is growing by ~58.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 4695 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability90▲+9
Solvency64▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.91 against 0.35 in 2024; short-term debt: 43.2% and cash: 11.7% of total assets), and 61.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
38.7%
Return on assets
17%
Age of the figures
9 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 08-06-2026, 53 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
53 d early
2024
76 d early
2023
55 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 61 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FEDELINS was incorporated on 28 December 2022 as a Private limited company.1 Total assets rose from EUR 71,349 in 2023 to EUR 128,552 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
€49,781▲ 78.5%
2024 · €27,892
Total assets
€128,552▲ 21.9%
2024 · €105,429
Net result
€21,889▲ 105%
2024 · €10,702
Working capital
-€4,970▲ 81.9%
2024 · -€27,499
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line202320242025
Operating result€9,114-€12,884▲ 41.4%€27,405▲ 113%
Net result€7,190within the sector's middle half-€10,702within the sector's middle half▲ 48.9%€21,889above the sector's middle half▲ 105%
Equity€17,190within the sector's middle half-€27,892within the sector's middle half▲ 62.3%€49,781within the sector's middle half▲ 78.5%
Total assets€71,349within the sector's middle half-€105,429within the sector's middle half▲ 47.8%€128,552within the sector's middle half▲ 21.9%
Debt€54,159-€77,537▲ 43.2%€78,771▲ 1.6%
Working capital-€13,380--€27,499▼ 106%-€4,970▲ 81.9%
Solvency24.1%within the sector's middle half-26.5%within the sector's middle half▲ 2.4pp38.7%within the sector's middle half▲ 12.3pp
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
€0€10,000€20,000€30,000Operating result 2023: €9,114€9,114Net result 2023: €7,190€7,190Operating result 2024: €12,884€12,884Net result 2024: €10,702€10,702Operating result 2025: €27,405€27,405Net result 2025: €21,889€21,889202320242025€0€10,000€20,000€30,000Operating result 2023: €9,114€9,110Net result 2023: €7,190€7,190Operating result 2024: €12,884€12,900Net result 2024: €10,702€10,700Operating result 2025: €27,405€27,400Net result 2025: €21,889€21,900202320242025
The operating result has risen two years in a row; 2025 is 113% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,552
Fixed assets €77,926 ▼ 13.8%
Current assets €50,626 ▲ 237%
Equity and liabilities €128,552
Equity €49,781 ▲ 78.5%
Debt €78,771 ▲ 1.6%
Debt's share of the balance-sheet total falls from 73.5% to 61.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€52,208▲
2024 · €29,101
Cash flow
€46,692▲
2024 · €26,919
Current ratio
0.91▲
2024 · 0.35
Debt to equity
1.58▼
2024 · 2.78
ROE
44.0%▲
2024 · 38.4%
ROA
17.0%▲
2024 · 10.2%
Interest coverage
28.65▲
2024 · 13.34
Debt ≤ 1 year
€55,596▲
2024 · €42,504
Debt > 1 year
€23,175▼
2024 · €35,033
Income taxes
€3,695
Staff costs
€155,378▼
2024 · €157,670
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 39,275 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€105,429€128,552▲
Fixed assets21/28€90,424€77,926▼
Tangible fixed assets22/27€90,424€77,926▼
Furniture and vehicles24€56,765€54,632▼
Leasing and similar rights25€33,659€23,294▼
Current assets29/58€15,005€50,626▲
Amounts receivable within one year40/41€13,557€35,582▲
Trade receivables40€13,557€35,582▲
Cash at bank and in hand54/58€1,448€15,045▲
Equity and liabilities
Total equity and liabilities10/49€105,429€128,552▲
Equity10/15€27,892€49,781▲
Contributions10/11€10,000€10,000=
Capital10€10,000€10,000=
Issued capital100€10,000€10,000=
Profit (loss) carried forward14€17,892€39,781▲
Amounts payable17/49€77,537€78,771▲
Amounts payable after more than one year17€35,033€23,175▼
Financial debts170/4€35,033€23,175▼
Amounts payable within one year42/48€42,504€55,596▲
Current portion of amounts payable after more than one year42€24,502€25,412▲
Trade debts44€455€12,854▲
Suppliers440/4€455€12,854▲
Taxes, remuneration and social security45€15,205€12,868▼
Taxes450/3€15,205€12,868▼
Other amounts payable47/48€2,341€4,463▲
Income statement Code20242025
Remuneration, social security and pensions62€157,670€155,378▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,217€24,803▲
Other operating charges640/8€2,593€4,380▲
Gross operating margin9900€189,364€211,966▲
Operating profit (loss)9901€12,884€27,405▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€2,182€1,822▼
Recurring financial charges65€2,182€1,822▼
Profit (loss) for the period before taxes9903€10,702€25,584▲
Income taxes67/77-€3,695
Profit (loss) for the period9904€10,702€21,889▲
Profit (loss) for the period to be appropriated9905€10,702€21,889▲
Appropriation of the result
Profit (loss) to be appropriated9906€17,892€39,781▲
Profit (loss) brought forward from the previous period14P€7,190€17,892▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€28,685€157,670€155,378▼ 1.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,420€16,217€24,803▲ 52.9%
Other operating charges640/8€2,605€2,593€4,380▲ 68.9%
Gross operating margin9900€52,823€189,364€211,966▲ 11.9%
Operating profit (loss)9901€9,114€12,884€27,405▲ 113%
Financial income75/76B--€1-
Recurring financial income75--€1-
Financial charges65/66B€1,924€2,182€1,822▼ 16.5%
Recurring financial charges65€1,924€2,182€1,822▼ 16.5%
Profit (loss) for the period before taxes9903€7,190€10,702€25,584▲ 139%
Income taxes67/77--€3,695-
Profit (loss) for the period9904€7,190€10,702€21,889▲ 105%
Profit (loss) for the period to be appropriated9905€7,190€10,702€21,889▲ 105%
Line202320242025Change
Assets
Total assets20/58€71,349€105,429€128,552▲ 21.9%
Fixed assets21/28€49,679€90,424€77,926▼ 13.8%
Tangible fixed assets22/27€49,679€90,424€77,926▼ 13.8%
Furniture and vehicles24€4,800€56,765€54,632▼ 3.8%
Leasing and similar rights25€44,879€33,659€23,294▼ 30.8%
Current assets29/58€21,670€15,005€50,626▲ 237%
Amounts receivable within one year40/41€217€13,557€35,582▲ 162%
Trade receivables40€217€13,557€35,582▲ 162%
Cash at bank and in hand54/58€21,453€1,448€15,045▲ 939%
Equity and liabilities
Total equity and liabilities10/49€71,349€105,429€128,552▲ 21.9%
Equity10/15€17,190€27,892€49,781▲ 78.5%
Contributions10/11€10,000€10,000€10,000=
Capital10€10,000€10,000€10,000=
Issued capital100€10,000€10,000€10,000=
Profit (loss) carried forward14€7,190€17,892€39,781▲ 122%
Amounts payable17/49€54,159€77,537€78,771▲ 1.6%
Amounts payable after more than one year17€19,109€35,033€23,175▼ 33.8%
Financial debts170/4€19,109€35,033€23,175▼ 33.8%
Amounts payable within one year42/48€35,050€42,504€55,596▲ 30.8%
Current portion of amounts payable after more than one year42€20,063€24,502€25,412▲ 3.7%
Trade debts44€8€455€12,854▲ 2,723%
Suppliers440/4€8€455€12,854▲ 2,723%
Taxes, remuneration and social security45€6,500€15,205€12,868▼ 15.4%
Taxes450/3€6,500€15,205€12,868▼ 15.4%
Other amounts payable47/48€8,480€2,341€4,463▲ 90.6%
Line202320242025Change
Profit (loss) for the period9904€7,190€10,702€21,889▲ 105%
+ Depreciation and write-downs630€12,420€16,217€24,803▲ 52.9%
Operating cash flow (approximation)€19,609€26,919€46,692▲ 73.5%
Investment in fixed assets (approximation)--€56,963-€12,304▲ 78.4%
Change in cash--€20,005€13,596▲ 168%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €21,889 ▲105%
Operating result €27,405, net result €21,889, both a record.
16-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Schaarbeek
exact location from the address register On OpenStreetMap
Ground area
107 m²
Building footprint
107 m²
Volume, LiDAR
1,758 m³
Parcel 21015A0074/00S007, Brussels · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21015A0074/00S007 Brussels 107 m² 1 · 107 m² 20.4 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.

Recognitions · licences · registrations

Parcel delivery

Notified to the BIPT
since 24-06-2024

Similar companies · same sector, comparable size

Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 6,001 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
Founded28-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795463148
Also 9925:BE0795463148
Registered 10-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.