FEDESCOM
ActiveSummary
FEDESCOM has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €448,194 and a net result of -€732. Equity has been stable since 2018 (±0.2% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-10-2006 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.157.056.306 7712 Mouscron, since 27-10-2006
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
Annual accounts 2025
- Loss
- €732
- ▲ 10.8%
- Equity
- €448,194
- ▼ 0.2%
- Total assets
- €514,674
- =
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLiquidity: current ratio 1.20, cash €24Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskSize: total assets €514,674Equity €448,194 (87.1% of total assets)Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 46% of micro companies without a NACE code
Financial strength · tick: 2024
Strong
Solvency
100=
equity 87.1% of total assets
Liquidity
48-49
short-term debt 12.9% · cash 0.0%
Profitability
37=
return on assets -0.1%
Bankruptcy probability within 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 1.0%▲ +0.1 percentage points vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.2 percentage points vs 06-2025
08-2025: 0.7%▼ -0.5 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.8%▲ +0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.7%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (1.21 in 2024), below the usual 1.5. Short-term debt is 12.9% and cash 0% of total assets. 12.9% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 31% on liquidity, 28% on profitability and 45% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
1 day early
2023
30 days late
2021
31 days late
2019
152 days late
2018
30 days late
2017
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 37 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507816.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 17 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€732▼ 10.8%
2024 · -€661
Working capital
€13,394▼ 5.2%
2024 · €14,126
Multi-year overview
2018 to 2025, 6 financial yearsOperating result
-€670
▼ 12.9%
2025
20182025
Net result
-€732
▼ 10.8%
2025
20182025
Equity
€448,194
▼ 0.2%
2025
20182025
Total assets
€514,674
=
2025
20182025
Debt
€66,479
▲ 1.1%
2025
20182025
Working capital
€13,394
▼ 5.2%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192021202320242025
Operating result€99,275--€7,901-€348--€644--€593▲ 7.9%-€670▼ 12.9%
Net result€88,997--€8,253-€407--€730--€661▲ 9.5%-€732▼ 10.8%
Equity€460,994-€452,742▼ 1.8%€450,721-€449,587-€448,926▼ 0.1%€448,194▼ 0.2%
Total assets€586,625-€519,094▼ 11.5%€514,696-€514,704-€514,650=€514,674=
Debt€125,631-€66,353▼ 47.2%€63,975-€65,116-€65,724▲ 0.9%€66,479▲ 1.1%
Working capital€26,194-€17,942▼ 31.5%€15,921-€14,787-€14,126▼ 4.5%€13,394▼ 5.2%
The operating result for 2025 is a loss of €670, larger than the loss of €593 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €514,674
Fixed assets
€434,800 =
Current assets
€79,874 =
Equity and liabilities €514,674
Equity
€448,194 ▼ 0.2%
Debt
€66,479 ▲ 1.1%
Debt's share of the balance-sheet total rises from 12.8% to 12.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.20▼
2024 · 1.21
Debt to equity
0.15▲
2024 · 0.15
ROE
-0.2%▼
2024 · -0.1%
ROA
-0.1%▼
2024 · -0.1%
Debt ≤ 1 year
€66,479▲
2024 · €65,724
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €348 | €644 | €593 | €670 | ▲ 12.9% |
| Gross operating margin9900 | €99,740 | -€7,416 | - | - | - | - | - |
| Operating profit (loss)9901 | €99,275 | -€7,901 | -€348 | -€644 | -€593 | -€670 | ▼ 12.9% |
| Financial charges65/66B | - | - | €59 | €86 | €68 | €62 | ▼ 7.7% |
| Recurring financial charges65 | €1,378 | €352 | €59 | €86 | €68 | €62 | ▼ 7.7% |
| Profit (loss) for the period before taxes9903 | €97,896 | -€8,253 | -€407 | -€730 | -€661 | -€732 | ▼ 10.8% |
| Income taxes67/77 | €8,900 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €88,997 | -€8,253 | -€407 | -€730 | -€661 | -€732 | ▼ 10.8% |
| Profit (loss) for the period to be appropriated9905 | €88,997 | -€8,253 | -€407 | -€730 | -€661 | -€732 | ▼ 10.8% |
| Line | 2018 | 2019 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €586,625 | €519,094 | €514,696 | €514,704 | €514,650 | €514,674 | = |
| Fixed assets21/28 | €434,800 | €434,800 | €434,800 | €434,800 | €434,800 | €434,800 | = |
| Financial fixed assets28 | €434,800 | €434,800 | €434,800 | €434,800 | €434,800 | €434,800 | = |
| Current assets29/58 | €151,825 | €84,294 | €79,896 | €79,904 | €79,850 | €79,874 | = |
| Amounts receivable within one year40/41 | €146,850 | €79,850 | €79,850 | €79,850 | €79,850 | €79,850 | = |
| Other amounts receivable41 | - | - | €79,850 | €79,850 | €79,850 | €79,850 | = |
| Cash at bank and in hand54/58 | €4,975 | €4,444 | €46 | €54 | - | €24 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €586,625 | €519,094 | €514,696 | €514,704 | €514,650 | €514,674 | = |
| Equity10/15 | €460,994 | €452,742 | €450,721 | €449,587 | €448,926 | €448,194 | ▼ 0.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €448,594 | €448,594 | €448,594 | €448,594 | €448,594 | €448,594 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €446,734 | €446,734 | €446,734 | €446,734 | = |
| Profit (loss) carried forward14 | - | -€8,253 | -€10,273 | -€11,407 | -€12,068 | -€12,800 | ▼ 6.1% |
| Amounts payable17/49 | €125,631 | €66,353 | €63,975 | €65,116 | €65,724 | €66,479 | ▲ 1.1% |
| Amounts payable within one year42/48 | €125,631 | €66,353 | €63,975 | €65,116 | €65,724 | €66,479 | ▲ 1.1% |
| Financial debts43 | - | - | - | - | €14 | - | - |
| Credit institutions430/8 | - | - | - | - | €14 | - | - |
| Trade debts44 | €465 | €367 | €348 | €1,079 | €387 | €787 | ▲ 103% |
| Suppliers440/4 | - | - | €348 | €1,079 | €387 | €787 | ▲ 103% |
| Other amounts payable47/48 | - | - | €63,627 | €64,037 | €65,322 | €65,692 | ▲ 0.6% |
| Line | 2018 | 2019 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,997 | -€8,253 | -€407 | -€730 | -€661 | -€732 | ▼ 10.8% |
| Operating cash flow (approximation) | €88,997 | -€8,253 | -€407 | -€730 | -€661 | -€732 | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | €0 | - |
| Change in cash | - | -€531 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00507816 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00346239 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00454477 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20428080 | |
| 31-12-2019 | full format | 30-12-2020 | 2020-78000137 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-63600078 | |
| 31-12-2017 | full format | 20-07-2018 | 2018-35900507 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59800069 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-55000050 | |
| 31-12-2014 | full format | 26-08-2015 | 2015-48000139 |
Board & ownership
Directors
Directors
1 director
DELBAR BARBARA
Current
Director · listed in the 2025 annual accounts, filed on 31-08-2026
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holding · 2 subsidiaries, including indirect onesHoldings 1
-
100%
All subsidiaries, including indirect ones 2
FEDESCOM or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
PRINT HELIO DIGITAL 100%1 subsidiary
- DICTON 100%
Connections & network
1 current directorThe network starts from the directors of FEDESCOM. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-08
micro format · 31 days late
2025
30-07
micro format · 1 day before the deadline
2024
30-08
micro format · 30 days late
2022
31-08
micro format · 31 days late
2020
30-12
full format · 152 days late
2019
31-12
Financial
Weakest financial yearnet -€8,253
The net result drops to -€8,253, the lowest from 2018 to 2025. It recovers the following year.
30-08
full format · 30 days late
2018
20-07
full format · 11 days before the deadline
2017
31-08
micro format · 31 days late
2016
31-08
full format · 31 days late
2015
26-08
full format · 26 days late
2006
19-10
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
FEDESCOM in Dutch
Enterprise number
0884.158.661
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
11-10-2006
Entity type
Legal entity
Registered office and establishments
Registered office
Kruisherenstraat(H) 69, 7712 Mouscron, Belgium
Establishment unit
FEDESCOM, Kruisherenstraat(H) 69, 7712 Mouscron since 27-10-2006 · unit number 2.157.056.306 42990
Invoicing and payment
VAT number
BE 0884.158.661
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
1,310 m²
Building footprint
172 m²
Building volume
886 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 54004H0531/00A000 | Wallonia | 1,310 m² | 1 · 172 m² | 6.9 m · 2 |