FEEL
ActiveThe file of FEEL contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 6.9% (elevated). The 2025 annual accounts show equity of €39,580 and a net result of €3,490. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 7598 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-26
Solvency56▲+1
Growth78=
Track record69
Bankruptcy probability, 12 months
6.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.2 against 1.21 in 2024; short-term debt: 68.6% and cash: 0% of total assets), and 68.6% of the assets are financed with debt.
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Signals
Nine 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
31.4%
Return on assets
2.8%
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 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
64 d late
2023
128 d late
2022
206 d late
2021
298 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 145 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
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 7 December (4 of the last 5 filed years within 98 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€39,580▲ 9.7%
2024 · €36,090
Total assets
€126,039▲ 5.5%
2024 · €119,449
Net result
€3,490▼ 87.5%
2024 · €27,930
Working capital
€17,186▲ 8.4%
2024 · €15,847
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Operating result-€14,662-€21,952€7,202▼ 67.2%€39,214▲ 444%€9,956▼ 74.6%
Net result-€15,165below the sector's middle half-€18,086within the sector's middle half€2,699within the sector's middle half▼ 85.1%€27,930above the sector's middle half▲ 935%€3,490within the sector's middle half▼ 87.5%
Equity-€12,165below the sector's middle half-€5,921below the sector's middle half€8,620below the sector's middle half▲ 45.6%€36,090within the sector's middle half▲ 319%€39,580within the sector's middle half▲ 9.7%
Total assets€24,937below the sector's middle half-€75,745within the sector's middle half▲ 204%€77,488within the sector's middle half▲ 2.3%€119,449within the sector's middle half▲ 54.2%€126,039within the sector's middle half▲ 5.5%
Debt€37,101-€69,824▲ 88.2%€68,867▼ 1.4%€83,359▲ 21.0%€86,459▲ 3.7%
Working capital-€28,711below the sector's middle half--€19,225below the sector's middle half▲ 33.0%-€14,473below the sector's middle half▲ 24.7%€15,847within the sector's middle half€17,186within the sector's middle half▲ 8.4%
Solvency-48.8%below the sector's middle half-7.8%below the sector's middle half▲ 56.6pp11.1%below the sector's middle half▲ 3.3pp30.2%within the sector's middle half▲ 19.1pp31.4%within the sector's middle half▲ 1.2pp
Current ratio0.23below the sector's middle half-0.70below the sector's middle half▲ 0.470.78below the sector's middle half▲ 0.081.21within the sector's middle half▲ 0.431.20within the sector's middle half▼ 0.01
Return on assets (ROA)-60.8%below the sector's middle half-23.9%above the sector's middle half▲ 84.7pp3.5%within the sector's middle half▼ 20.4pp23.4%above the sector's middle half▲ 19.9pp2.8%within the sector's middle half▼ 20.6pp
Staff (FTE)0.5
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 falls in 2025; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,039
Fixed assets
€22,394 ▼ 21.6%
Current assets
€103,645 ▲ 14.0%
Equity and liabilities €126,039
Equity
€39,580 ▲ 9.7%
Debt
€86,459 ▲ 3.7%
Debt's share of the balance-sheet total falls from 69.8% to 68.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,414▼
2024 · €49,165
Cash flow
€12,948▼
2024 · €37,881
Debt to equity
2.18▼
2024 · 2.31
ROE
8.8%▼
2024 · 77.4%
Interest coverage
19.92▼
2024 · 20.69
Debt ≤ 1 year
€86,459▲
2024 · €75,035
Income taxes
€7,824▼
2024 · €10,991
Staff costs
€17,213▼
2024 · €31,460
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,048 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,910 | €1,467 | €31,460 | €17,213 | ▼ 45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,921 | €13,930 | €9,302 | €9,951 | €9,458 | ▼ 5.0% |
| Other operating charges640/8 | €1,130 | €4,164 | €9,754 | €4,176 | €4,570 | ▲ 9.4% |
| Gross operating margin9900 | -€7,610 | €47,955 | €27,726 | €84,801 | €41,196 | ▼ 51.4% |
| Operating profit (loss)9901 | -€14,662 | €21,952 | €7,202 | €39,214 | €9,956 | ▼ 74.6% |
| Financial income75/76B | €0 | €0 | - | €2,083 | €2,332 | ▲ 12.0% |
| Recurring financial income75 | €0 | €0 | - | €2,083 | €2,332 | ▲ 12.0% |
| Financial charges65/66B | €503 | €1,347 | €711 | €2,377 | €975 | ▼ 59.0% |
| Recurring financial charges65 | €503 | €1,347 | €711 | €2,377 | €975 | ▼ 59.0% |
| Profit (loss) for the period before taxes9903 | -€15,165 | €20,604 | €6,491 | €38,920 | €11,313 | ▼ 70.9% |
| Income taxes67/77 | - | €2,519 | €3,792 | €10,991 | €7,824 | ▼ 28.8% |
| Profit (loss) for the period9904 | -€15,165 | €18,086 | €2,699 | €27,930 | €3,490 | ▼ 87.5% |
| Profit (loss) for the period to be appropriated9905 | -€15,165 | €18,086 | €2,699 | €27,930 | €3,490 | ▼ 87.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,937 | €75,745 | €77,488 | €119,449 | €126,039 | ▲ 5.5% |
| Fixed assets21/28 | €16,546 | €31,311 | €26,991 | €28,567 | €22,394 | ▼ 21.6% |
| Tangible fixed assets22/27 | €16,546 | €31,311 | €26,991 | €28,567 | €22,394 | ▼ 21.6% |
| Land and buildings22 | - | €2,229 | €1,430 | €1,763 | €831 | ▼ 52.8% |
| Plant, machinery and equipment23 | €4,826 | €23,010 | €24,646 | €20,679 | €15,701 | ▼ 24.1% |
| Furniture and vehicles24 | €11,720 | €6,073 | €915 | €6,124 | €5,862 | ▼ 4.3% |
| Current assets29/58 | €8,391 | €44,434 | €50,496 | €90,882 | €103,645 | ▲ 14.0% |
| Amounts receivable within one year40/41 | €7,930 | €39,199 | €44,555 | €89,264 | €103,642 | ▲ 16.1% |
| Trade receivables40 | €2,573 | €34,626 | €38,816 | €48,111 | €36,632 | ▼ 23.9% |
| Other amounts receivable41 | €5,357 | €4,572 | €5,739 | €41,152 | €67,010 | ▲ 62.8% |
| Cash at bank and in hand54/58 | €1 | €5,235 | €3,149 | €1,590 | €3 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | €460 | €0 | €2,792 | €29 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,937 | €75,745 | €77,488 | €119,449 | €126,039 | ▲ 5.5% |
| Equity10/15 | -€12,165 | €5,921 | €8,620 | €36,090 | €39,580 | ▲ 9.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€15,165 | €2,921 | €5,620 | €33,090 | €36,580 | ▲ 10.5% |
| Amounts payable17/49 | €37,101 | €69,824 | €68,867 | €83,359 | €86,459 | ▲ 3.7% |
| Amounts payable after more than one year17 | - | €6,165 | €3,898 | - | - | - |
| Financial debts170/4 | - | €6,165 | €3,898 | - | - | - |
| Amounts payable within one year42/48 | €37,101 | €63,659 | €64,969 | €75,035 | €86,459 | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | - | €20,000 | €26,080 | €23,830 | €23,830 | = |
| Trade debts44 | €18,603 | €27,486 | €15,645 | €28,075 | €30,211 | ▲ 7.6% |
| Suppliers440/4 | €18,603 | €27,486 | €15,645 | €28,075 | €30,211 | ▲ 7.6% |
| Taxes, remuneration and social security45 | €10 | €3,556 | €6,310 | €21,159 | €30,448 | ▲ 43.9% |
| Taxes450/3 | €10 | €3,556 | €6,310 | €18,187 | €19,696 | ▲ 8.3% |
| Remuneration and social security454/9 | - | - | - | €2,972 | €10,752 | ▲ 262% |
| Other amounts payable47/48 | €18,489 | €12,617 | €16,934 | €1,970 | €1,970 | = |
| Accrued charges and deferred income492/3 | - | - | - | €8,324 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,165 | €18,086 | €2,699 | €27,930 | €3,490 | ▼ 87.5% |
| + Depreciation and write-downs630 | €5,921 | €13,930 | €9,302 | €9,951 | €9,458 | ▼ 5.0% |
| Operating cash flow (approximation) | -€9,244 | €32,016 | €12,002 | €37,881 | €12,948 | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | -€28,696 | -€4,982 | -€11,526 | -€3,285 | ▲ 71.5% |
| Change in cash | - | €5,234 | -€2,086 | -€1,559 | -€1,587 | ▼ 1.8% |
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
21-08
KBO administration
Address strikeout annulled
18-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 18-12-2025
- Registered-office move, Meylandtlaan 121 Bus 1, 3550 Heusden-Zolder
03-08
KBO administration
Address struck
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
31-12
Financial
Highest result since 2021net €27,930 ▲935%
Operating result €39,214, net result €27,930, both a record.
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 206 days late
2023
06-07
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 29-06-2023
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 298 days late
17-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 11-05-2023
2022
31-12
Financial
Back to profitnet €18,086
Net result €18,086 after one loss-making year.
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heusden-Zolder · 2 establishment units since 2020
Ground area
1,795 m²
Building footprint
342 m²
Volume, LiDAR
1,346 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Lissage
since 20202.304.077.523
C&C Systems
since 20202.304.077.622
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1421/00E002 | Flanders | 1,077 m² | 1 · 143 m² | - |
| 71065F0219/00Z000 | Flanders | 718 m² | 1 · 199 m² | 11.1 m · 2 fl. |
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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN DEHAESE LUIKERSTEENWEG 187,
3500 HASSELT |
11-05-2023 → 29-06-2023 |
| Curator | LIEVE DEHAESE LUIKERSTEENWEG 187, 3500 HASSELT |
11-05-2023 → 29-06-2023 |
| Curator | JESSIE DECKMYN LUIKERSTEENWEG 187, 3500 HASSELT- |
11-05-2023 → 29-06-2023 |
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,058. 12,863 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
Founded30-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
42220Construction of utility projects for electricity and telecommunications
96210Hairdressing and barber services
Contact
E-mail
info@cncsystems.be
E-mail
cemolicakar@gmail.com
Phone
+32484888579
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749567597
Also
9925:BE0749567597
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.