FEDUVAL
ActiveSummary
FEDUVAL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €2k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 70% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency100▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.37 against 2.21 in 2024; short-term debt: 16.1% and cash: 5.5% of total assets), and 25% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2025Solvency, return and age of the figures
Solvency
75%
Return on assets
1.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
28 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▲ 1.3%
2024 · €118k
2018: €135khighest in 8 years
2019: €126k▼ -7.0% vs 2018
2020: €121k▼ -4.0% vs 2019
2021: €118k▼ -2.2% vs 2020
2022: €117k▼ -1.0% vs 2021
2023: €116k▼ -0.6% vs 2022lowest in 8 years
2024: €118k▲ +2.2% vs 2023
2025: €120k▲ +1.3% vs 2024
2018 → 2025
Total assets
€160k▲ 0.4%
2024 · €159k
2018: €269khighest in 8 years
2019: €244k▼ -9.2% vs 2018
2020: €227k▼ -7.2% vs 2019
2021: €206k▼ -9.2% vs 2020
2022: €190k▼ -7.5% vs 2021
2023: €174k▼ -8.9% vs 2022
2024: €159k▼ -8.2% vs 2023lowest in 8 years
2025: €160k▲ +0.4% vs 2024
2018 → 2025
Net result
€2k▼ 32.3%
2024 · €3k
2018: €-794
2019: €-9k▼ -1019% vs 2018lowest in 8 years
2020: €-4k▲ +49.8% vs 2019
2021: €-2k▲ +51.7% vs 2020
2022: €-682▲ +68.3% vs 2021
2023: €-220▲ +67.8% vs 2022
2024: €3k▲ +1460% vs 2023highest in 8 years
2025: €2k▼ -32.3% vs 2024
2018 → 2025
Working capital
€-16k
2024 · €21k
2018: €77khighest in 8 years
2019: €57k▼ -26.2% vs 2018
2020: €48k▼ -15.2% vs 2019
2021: €39k▼ -19.2% vs 2020
2022: €31k▼ -21.9% vs 2021
2023: €22k▼ -29.3% vs 2022
2024: €21k▼ -1.0% vs 2023
2025: €-16k▼ -177% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€118k-€117k▼ 1.0%€116k▼ 0.6%€118k▲ 2.2%€120k▲ 1.3%
2021: €118k
2022: €117k▼ -1.0% vs 2021
2023: €116k▼ -0.6% vs 2022lowest in 5 years
2024: €118k▲ +2.2% vs 2023
2025: €120k▲ +1.3% vs 2024highest in 5 years
Operating result€497-€2k▲ 208%€1k▼ 9.6%€4k▲ 214%€3k▼ 22.3%
2021: €497lowest in 5 years
2022: €2k▲ +208% vs 2021
2023: €1k▼ -9.6% vs 2022
2024: €4k▲ +214% vs 2023highest in 5 years
2025: €3k▼ -22.3% vs 2024
Net result€-2k-€-682▲ 68.3%€-220▲ 67.8%€3k€2k▼ 32.3%
2021: €-2klowest in 5 years
2022: €-682▲ +68.3% vs 2021
2023: €-220▲ +67.8% vs 2022
2024: €3k▲ +1460% vs 2023highest in 5 years
2025: €2k▼ -32.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€151k ▲ 25.2%
Current assets
€9k ▼ 75.9%
Equity and liabilities €160k
Equity
€120k ▲ 1.3%
Debt
€40k ▼ 2.3%
Debt's share of the balance-sheet total falls from 25.7% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▲
2024 · €13k
Cash flow
€12k▲
2024 · €12k
Current ratio
0.37▼
2024 · 2.21
Debt to equity
0.33▼
2024 · 0.35
ROE
1.7%▼
2024 · 2.5%
ROA
1.3%▼
2024 · 1.9%
Interest coverage
7.77▼
2024 · 8.14
Debt ≤ 1 year
€26k▲
2024 · €18k
Debt > 1 year
€12k▼
2024 · €22k
Income taxes
€202▼
2024 · €299
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€159k€160k▲
Fixed assets21/28€120k€151k▲
Tangible fixed assets22/27€120k€151k▲
Land and buildings22€118k€149k▲
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€39k€9k▼
Amounts receivable within one year40/41€598€576▼
Trade receivables40€84€84=
Other amounts receivable41€514€492▼
Cash at bank and in hand54/58€39k€9k▼
Equity and liabilities
Total equity and liabilities10/49€159k€160k▲
Equity10/15€118k€120k▲
Contributions10/11€19k€19k=
Reserves13€93k€95k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€93k▲
Investment grants15€7k€6k▼
Amounts payable17/49€41k€40k▼
Amounts payable after more than one year17€22k€12k▼
Financial debts170/4€22k€12k▼
Amounts payable within one year42/48€18k€26k▲
Current portion of amounts payable after more than one year42€12k€10k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€262€155▼
Taxes450/3€262€155▼
Other amounts payable47/48€1k€14k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€15k€16k▲
Operating profit (loss)9901€4k€3k▼
Financial income75/76B€565€599▲
Recurring financial income75€565€599▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€3k€2k▼
Income taxes67/77€299€202▼
Profit (loss) for the period9904€3k€2k▼
Profit (loss) for the period to be appropriated9905€3k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€2k▼
Transfer to equity691/2€3k€2k▼
To other reserves6921€3k€2k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €9k | €9k | €9k | €10k | ▲ 15.3% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 3.1% |
| Gross operating margin9900 | €12k | €13k | €13k | €15k | €16k | ▲ 3.0% |
| Operating profit (loss)9901 | €497 | €2k | €1k | €4k | €3k | ▼ 22.3% |
| Financial income75/76B | €574 | €503 | €545 | €565 | €599 | ▲ 6.0% |
| Recurring financial income75 | €574 | €503 | €545 | €565 | €599 | ▲ 6.0% |
| Financial charges65/66B | €3k | €3k | €2k | €2k | €2k | ▲ 7.8% |
| Recurring financial charges65 | €3k | €3k | €2k | €2k | €2k | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €-2k | €-682 | €-220 | €3k | €2k | ▼ 32.3% |
| Income taxes67/77 | - | - | - | €299 | €202 | ▼ 32.3% |
| Profit (loss) for the period9904 | €-2k | €-682 | €-220 | €3k | €2k | ▼ 32.3% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-682 | €-220 | €3k | €2k | ▼ 32.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €206k | €190k | €174k | €159k | €160k | ▲ 0.4% |
| Fixed assets21/28 | €148k | €138k | €129k | €120k | €151k | ▲ 25.2% |
| Tangible fixed assets22/27 | €148k | €138k | €129k | €120k | €151k | ▲ 25.2% |
| Land and buildings22 | €144k | €135k | €126k | €118k | €149k | ▲ 26.2% |
| Plant, machinery and equipment23 | €4k | €3k | €3k | €2k | €2k | ▼ 25.0% |
| Current assets29/58 | €58k | €52k | €45k | €39k | €9k | ▼ 75.9% |
| Amounts receivable within one year40/41 | €598 | €582 | €2k | €598 | €576 | ▼ 3.7% |
| Trade receivables40 | €84 | €84 | €1k | €84 | €84 | = |
| Other amounts receivable41 | €514 | €498 | €514 | €514 | €492 | ▼ 4.3% |
| Cash at bank and in hand54/58 | €58k | €52k | €43k | €39k | €9k | ▼ 77.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €206k | €190k | €174k | €159k | €160k | ▲ 0.4% |
| Equity10/15 | €118k | €117k | €116k | €118k | €120k | ▲ 1.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €91k | €90k | €90k | €93k | €95k | ▲ 2.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €89k | €88k | €88k | €91k | €93k | ▲ 2.2% |
| Investment grants15 | €8k | €8k | €7k | €7k | €6k | ▼ 6.4% |
| Amounts payable17/49 | €88k | €74k | €58k | €41k | €40k | ▼ 2.3% |
| Amounts payable after more than one year17 | €68k | €51k | €34k | €22k | €12k | ▼ 43.8% |
| Financial debts170/4 | €68k | €51k | €34k | €22k | €12k | ▼ 43.8% |
| Amounts payable within one year42/48 | €19k | €22k | €23k | €18k | €26k | ▲ 45.5% |
| Current portion of amounts payable after more than one year42 | €16k | €17k | €17k | €12k | €10k | ▼ 16.3% |
| Trade debts44 | €2k | €4k | €4k | €5k | €2k | ▼ 54.8% |
| Suppliers440/4 | €2k | €4k | €4k | €5k | €2k | ▼ 54.8% |
| Taxes, remuneration and social security45 | - | - | - | €262 | €155 | ▼ 40.9% |
| Taxes450/3 | - | - | - | €262 | €155 | ▼ 40.9% |
| Other amounts payable47/48 | €1k | €1k | €1k | €1k | €14k | ▲ 1,054% |
| Accrued charges and deferred income492/3 | €918 | €972 | €1k | €1k | €2k | ▲ 66.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-682 | €-220 | €3k | €2k | ▼ 32.3% |
| + Depreciation and write-downs630 | €10k | €9k | €9k | €9k | €10k | ▲ 15.3% |
| Operating cash flow (approximation) | €8k | €9k | €9k | €12k | €12k | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-41k | - |
| Change in cash | - | €-6k | €-9k | €-4k | €-30k | ▼ 609% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 6 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2009
Ground area
116 m²
Building footprint
57 m²
Volume, LiDAR
385 m³
Parcel 21616A0233/02B009, Brussels · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Joseph Bensstraat 41, 1180 Ukkel
since 20092.175.844.018
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0233/02B009 | Brussels | 116 m² | 1 · 57 m² | 10.9 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,856 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
Founded08-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.