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Feestmakers

Active
Private limited companyfounded 2024active for 2 yearsSpechtendreef 7, 2980 Zoersel, BelgiumKBO/BCE: BE 1014.619.505

Financials · financial year 2025, micro format

2025 annual accounts filed 17 days after the deadline Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405480.

Annual accounts 2025 filed on 17-08-2026 at the NBB

Turnover
≈ €150,000
Estimated: probably between €88,000 and €260,000
Total assets
€355,403
Net result
-€3,077
Working capital
€174,645

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €355,403
Fixed assets €118,829
Current assets €236,575
Equity and liabilities €355,403
Equity €96,923
Debt €258,480
Debt's share of the balance-sheet total is 72.7%.
Key figures and ratios
2025 value
EBITDA
€35,096
Cash flow
€27,237
Current ratio
3.82
Quick ratio
0.09
Debt to equity
2.67
ROE
-3.2%
ROA
-0.9%
Interest coverage
4.13
Debt ≤ 1 year
€61,929
Debt > 1 year
€196,551

Investments

fixed assets acquired
Item2025
Tangible fixed assets€144,507
Financial fixed assets€4,635
Depreciation and write-downs of the year€30,313

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€355,403
Fixed assets21/28€118,829
Tangible fixed assets22/27€114,194
Plant, machinery and equipment23€31,668
Furniture and vehicles24€82,525
Financial fixed assets28€4,635
Current assets29/58€236,575
Stocks and contracts in progress3€230,978
Stocks30/36€230,978
Cash at bank and in hand54/58€5,597
Equity and liabilities
Total equity and liabilities10/49€355,403
Equity10/15€96,923
Contributions10/11€100,000
Profit (loss) carried forward14-€3,077
Amounts payable17/49€258,480
Amounts payable after more than one year17€196,551
Financial debts170/4€196,551
Amounts payable within one year42/48€61,929
Current portion of amounts payable after more than one year42€56,689
Trade debts44€2,208
Suppliers440/4€2,208
Taxes, remuneration and social security45€2,979
Taxes450/3€2,979
Other amounts payable47/48€53
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,313
Other operating charges640/8€1,319
Gross operating margin9900€36,415
Operating profit (loss)9901€4,782
Financial income75/76B€632
Recurring financial income75€632
Financial charges65/66B€8,491
Recurring financial charges65€8,491
Profit (loss) for the period before taxes9903-€3,077
Profit (loss) for the period9904-€3,077
Profit (loss) for the period to be appropriated9905-€3,077
Appropriation of the result
Profit (loss) to be appropriated9906-€3,077

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,313
Other operating charges640/8€1,319
Gross operating margin9900€36,415
Operating profit (loss)9901€4,782
Financial income75/76B€632
Recurring financial income75€632
Financial charges65/66B€8,491
Recurring financial charges65€8,491
Profit (loss) for the period before taxes9903-€3,077
Profit (loss) for the period9904-€3,077
Profit (loss) for the period to be appropriated9905-€3,077
Line2025
Assets
Total assets20/58€355,403
Fixed assets21/28€118,829
Tangible fixed assets22/27€114,194
Plant, machinery and equipment23€31,668
Furniture and vehicles24€82,525
Financial fixed assets28€4,635
Current assets29/58€236,575
Stocks and contracts in progress3€230,978
Stocks30/36€230,978
Cash at bank and in hand54/58€5,597
Equity and liabilities
Total equity and liabilities10/49€355,403
Equity10/15€96,923
Contributions10/11€100,000
Profit (loss) carried forward14-€3,077
Amounts payable17/49€258,480
Amounts payable after more than one year17€196,551
Financial debts170/4€196,551
Amounts payable within one year42/48€61,929
Current portion of amounts payable after more than one year42€56,689
Trade debts44€2,208
Suppliers440/4€2,208
Taxes, remuneration and social security45€2,979
Taxes450/3€2,979
Other amounts payable47/48€53
Line2025
Profit (loss) for the period9904-€3,077
+ Depreciation and write-downs630€30,313
Operating cash flow (approximation)€27,237

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,271 companies had the same profile as Feestmakers has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
93.5% was still going
2.0% stopped otherwise
4.1% went bankrupt

Another 0.4% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Feestmakers itself: 1.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,271 companies, not a prediction for Feestmakers. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 17-08-2026 2026-00405480 PDF

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