FEEY
ActiveSummary
The computed 12-month bankruptcy probability of FEEY is 2.8% (moderate). The 2024 annual accounts show negative equity (-€74,807) and a net result of -€85,009. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 15872 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency6▼-94
Growth32=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66; short-term debt: 93.7% and cash: 2.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-18.8%
Return on assets
-21.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€74,807
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
28 d late
2022
30 d late
2021
174 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€27,623
EBIT margin
-307.3%
Net result
-€85,009▼ 869%
2023 · -€8,770
Working capital
-€125,642
2022 · €18,972
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line2021202220232024
Turnover€27,623
Operating result-€2,606--€3,431▼ 31.7%-€8,629▼ 151%-€84,890▼ 884%
Net result-€2,606below the sector's middle half--€3,423below the sector's middle half▼ 31.4%-€8,770below the sector's middle half▼ 156%-€85,009below the sector's middle half▼ 869%
EBIT margin-307.3%
Equity€22,394within the sector's middle half-€18,972within the sector's middle half▼ 15.3%€10,202within the sector's middle half▼ 46.2%-€74,807below the sector's middle half
Total assets€25,954below the sector's middle half-€19,351below the sector's middle half▼ 25.4%€10,202below the sector's middle half▼ 47.3%€398,868within the sector's middle half▲ 3,810%
Debt€3,560-€380▼ 89.3%€473,675
Working capital€22,394within the sector's middle half-€18,972within the sector's middle half▼ 15.3%-€125,642below the sector's middle half
Solvency86.3%above the sector's middle half-98.0%above the sector's middle half▲ 11.8pp100.0%above the sector's middle half▲ 2.0pp-18.8%below the sector's middle half▼ 118.8pp
Current ratio7.29above the sector's middle half-50.96above the sector's middle half▲ 43.670.66below the sector's middle half
Return on assets (ROA)-10.0%below the sector's middle half--17.7%below the sector's middle half▼ 7.6pp-86.0%below the sector's middle half▼ 68.3pp-21.3%below the sector's middle half▲ 64.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €84,890 in 2024 against €8,629 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
Assets €398,868
Fixed assets
€150,835
Current assets
€248,033
Key figures and ratios
EBITDA
-€79,140
Cash flow
-€79,259
Quick ratio
0.13
Debt to equity
-6.33
Interest coverage
-665.04
Debt ≤ 1 year
€373,675
Debt > 1 year
€100,000
Staff costs
€620
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,038 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 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €27,623 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €105,761 | - |
| Remuneration, social security and pensions62 | - | - | - | €620 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €5,750 | - |
| Other operating charges640/8 | €348 | €448 | €434 | €750 | ▲ 72.6% |
| Non-recurring operating charges66A | - | €1,729 | - | - | - |
| Gross operating margin9900 | -€2,258 | -€1,255 | -€8,195 | -€77,770 | ▼ 849% |
| Operating profit (loss)9901 | -€2,606 | -€3,431 | -€8,629 | -€84,890 | ▼ 884% |
| Financial income75/76B | - | €9 | - | - | - |
| Recurring financial income75 | - | €9 | - | - | - |
| Financial charges65/66B | - | €0 | €140 | €119 | ▼ 15.2% |
| Recurring financial charges65 | - | €0 | €140 | €119 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | -€2,606 | -€3,423 | -€8,770 | -€85,009 | ▼ 869% |
| Profit (loss) for the period9904 | -€2,606 | -€3,423 | -€8,770 | -€85,009 | ▼ 869% |
| Profit (loss) for the period to be appropriated9905 | -€2,606 | -€3,423 | -€8,770 | -€85,009 | ▼ 869% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €25,954 | €19,351 | €10,202 | €398,868 | ▲ 3,810% |
| Fixed assets21/28 | - | - | - | €150,835 | - |
| Tangible fixed assets22/27 | - | - | - | €150,335 | - |
| Land and buildings22 | - | - | - | €66,744 | - |
| Plant, machinery and equipment23 | - | - | - | €14,959 | - |
| Furniture and vehicles24 | - | - | - | €68,632 | - |
| Financial fixed assets28 | - | - | - | €500 | - |
| Current assets29/58 | €25,954 | €19,351 | €10,202 | €248,033 | ▲ 2,331% |
| Stocks and contracts in progress3 | - | - | - | €199,776 | - |
| Stocks30/36 | - | - | - | €199,776 | - |
| Amounts receivable within one year40/41 | €3,972 | €584 | €3,414 | €37,634 | ▲ 1,002% |
| Trade receivables40 | €3,972 | - | - | €26,880 | - |
| Other amounts receivable41 | - | €584 | €3,414 | €10,754 | ▲ 215% |
| Cash at bank and in hand54/58 | €21,982 | €18,768 | €6,788 | €10,623 | ▲ 56.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €25,954 | €19,351 | €10,202 | €398,868 | ▲ 3,810% |
| Equity10/15 | €22,394 | €18,972 | €10,202 | -€74,807 | ▼ 833% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Issued capital100 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€2,606 | -€6,028 | -€14,798 | -€99,807 | ▼ 574% |
| Amounts payable17/49 | €3,560 | €380 | - | €473,675 | - |
| Amounts payable after more than one year17 | - | - | - | €100,000 | - |
| Financial debts170/4 | - | - | - | €100,000 | - |
| Amounts payable within one year42/48 | €3,560 | €380 | - | €373,675 | - |
| Trade debts44 | €2,890 | €380 | - | €187,576 | - |
| Suppliers440/4 | €2,890 | €380 | - | €187,576 | - |
| Advances received on contracts in progress46 | €670 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €620 | - |
| Remuneration and social security454/9 | - | - | - | €620 | - |
| Other amounts payable47/48 | - | - | - | €185,479 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,606 | -€3,423 | -€8,770 | -€85,009 | ▼ 869% |
| + Depreciation and write-downs630 | - | - | - | €5,750 | - |
| Operating cash flow (approximation) | -€2,606 | -€3,423 | -€8,770 | -€79,259 | ▼ 804% |
| Change in cash | - | -€3,215 | -€11,980 | €3,835 | ▲ 132% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€85,009
Net result drops to -€85,009, the lowest in the series.
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
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 174 days late
2022
31-12
Financial
Liquidity times 7current ratio 50.96
Current ratio from 7.29 to 50.96; short-term debt falls from €3,560 to €380.
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, Charleroi · 1 establishment unit since 2021
Ground area
124 m²
Building footprint
73 m²
Volume, LiDAR
793 m³
Parcel 52040C0208/00M004, Wallonia · tallest building 11.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FEEY
since 20212.316.288.536
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52040C0208/00M004indicative | Wallonia | 124 m² | 1 · 73 m² | 11.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.316.288.536
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Of 1,424 companies in sector 46389 we hold annual accounts for 856. 325 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
Founded26-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
46170Agents in the wholesale of food, beverages and tobacco
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765742249
Also
9925:BE0765742249
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.