Checked.be
Active
BE 0807.817.780Private foundation
FÉE
Jacques Brellaan 38 ·1200 Sint-Lambrechts-Woluwe, Belgium· 17 yrs active
Conclusion
The KBO register records legal situation 013 for FÉE (Register: dissolution or liquidation); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €101k and a net result of €-427k.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €101k |
| Net result | €-427k |
| Active | 17 yrs |
Financial profile
40
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
100
Growth
58
Stability
40
Bankruptcy probability (12 mo)
Dissolution or liquidation
The KBO register records that this company is being wound up. A twelve-month bankruptcy probability no longer says anything in that case, so we show no figure.
Risk Assessment
0 / 100
High riskRegister: dissolution or liquidationThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 013 for this company; it does not feed the figure above.
Trust signals
Register: dissolution or liquidation
The KBO register records legal situation 013 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
dissolution or liquidation in the KBO register
Score history
55
2018
60
2019
90
2020
52
2021
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 9.79 (≥ 1.5)
+10
Quick ratio
Quick ratio 9.79 (≥ 1.0)
+5
Leverage
Debt/equity 0.11 (< 1.0)
+10
Profitability
Negatieve ROE -421%
-10
Interest coverage
Interest coverage -1576.8× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Dissolution or liquidation
Dissolution or liquidation in the KBO legal situation
-60
Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 22-07-2022 with the NBB · fiscal year 2021 · full schema
€0
-
18-21
€-427k
-175.2%
18-21
€-427k
-
18-21
€-427k
-
18-21
€113k
-79.0%
18-21
€101k
-80.8%
18-21
€101k
+32.7%
18-21
€12k
+19.3%
18-21
€12k
+19.3%
18-21
€0
-100.0%
18-21
9.79
+10.0%
18-21
9.79
+10.0%
18-21
89.8%
-8.6%
18-21
0.11
-
18-21
-421.1%
-
18-21
-378.1%
-
18-21
-1576.81
-
18-21
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2021 Δ | 2020 Δ | 2019 Δ | 2018 Δ |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | -175.2% | -171.0% | +50.5% | - |
| Net profit | - | - | +8.8% | - |
| Cash flow | - | - | +10.7% | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | -79.0% | -80.0% | -5.7% | - |
| Equity | -80.8% | -24.1% | -5.5% | - |
| Debt | +19.3% | -99.5% | -5.8% | - |
| of which ≤ 1y | +19.3% | +141.1% | -74.3% | - |
| of which > 1y | - | -100.0% | -5.3% | - |
| Working capital | +32.7% | +6.0% | -44.0% | - |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|
| Current ratio | 9.79 | 8.90 | 18.97 | 9.26 |
| Quick ratio | 9.79 | 8.90 | 18.97 | 9.26 |
| Working capital ratio | 89.8% | 14.2% | 2.7% | 4.5% |
| Solvency | 89.8% | 98.2% | 25.9% | 25.9% |
| Debt / equity | 0.11 | 0.00 | 2.85 | 2.84 |
| Long-term debt ratio | - | 0.00 | 2.85 | 2.84 |
| Interest coverage | -1576.81 | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -378.1% | 96.3% | -16.9% | -17.5% |
| ROE | -421.1% | 98.1% | -65.3% | -67.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2021
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €113k | €538k | €2.69M | €2.85M |
| Fixed assets | 21/28 | - | €452k | €2.61M | €2.70M |
| Formation expenses | 20 | - | €0 | €0 | €0 |
| Tangible fixed assets | 22/27 | - | €452k | €2.61M | €2.70M |
| Financial fixed assets | 28 | - | €0 | €3k | €3k |
| Current assets | 29/58 | €113k | €86k | €76k | €144k |
| Amounts receivable within one year | 40/41 | - | €0 | - | €0 |
| Cash & bank | 54/58 | €113k | €86k | €76k | €144k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €113k | €538k | €2.69M | €2.85M |
| Equity | 10/15 | €101k | €528k | €696k | €737k |
| Accumulated profits (losses) | 14 | €91k | €518k | €-340k | €-340k |
| Amounts payable | 17/49 | €12k | €10k | €1.99M | €2.11M |
| Amounts payable after one year | 17 | - | €0 | €1.98M | €2.10M |
| Amounts payable within one year | 42/48 | €12k | €10k | €4k | €16k |
| Trade debts payable within one year | 44 | €6k | €4k | €4k | €11k |
| Income statement | |||||
| Turnover | 70 | €0 | - | - | - |
| Gross operating margin | 9900 | €-421k | €31k | €-39k | €-73k |
| Operating result | 9901 | €-427k | €-168k | €-155k | €-214k |
| Financial income | 75 | €29 | €1.03M | €41k | €41k |
| Financial charges | 65 | €271 | €290 | €1k | €697 |
| Result before taxes | 9903 | €-427k | €858k | €-115k | €-174k |
| Net result for the period | 9904 | €-427k | €858k | €-115k | €-159k |
| Result to be appropriated | 9905 | €-427k | €858k | €-115k | €-159k |
Legal Structure
| NACE primary | - |
| Legal form | Private foundation(026) |
| Incorporation | 18-11-2008 |
| Status | Active |
| Postal code | 1200 |
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0100/00L000 | Brussels | 4,222 m² | 1 · 1,067 m² | 21.9 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Back to profitnet €518k
Net result €518k after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 18.97
Current ratio from 9.26 to 18.97; short-term debt falls from €16k to €4k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 49 days late
2016
05-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 158 days late
2014
23-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
11-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 42 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 289 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Names & trade names
| Legal nameFR | FÉE |