Summary
FEHICO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1,169 and a net result of -€2,871. Equity is growing by ~87.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 8211 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8211 sector peers (2025).
NBB · sector comparisonPosition among 8211 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
15 d early
2024
17 d early
2023
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 16 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1,169▼ 71.1%
2024 · €4,040
Net result
-€2,871
2024 · €4,913
Total assets
€14,081▼ 27.5%
2024 · €19,415
Solvency
8.3%▼ 12.5pp
2024 · 20.8%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€459-€8,622▲ 1,780%-€1,154
Net result-€2,873below the sector's middle half-€4,913within the sector's middle half-€2,871below the sector's middle half
Equity-€873below the sector's middle half-€4,040below the sector's middle half€1,169below the sector's middle half▼ 71.1%
Total assets€11,545below the sector's middle half-€19,415below the sector's middle half▲ 68.2%€14,081below the sector's middle half▼ 27.5%
Debt€12,418-€15,375▲ 23.8%€12,912▼ 16.0%
Working capital-€2,058within the sector's middle half--€234within the sector's middle half▲ 88.6%-€1,798within the sector's middle half▼ 668%
Solvency-7.6%below the sector's middle half-20.8%below the sector's middle half▲ 28.4pp8.3%below the sector's middle half▼ 12.5pp
Current ratio0.83within the sector's middle half-0.98within the sector's middle half▲ 0.150.86within the sector's middle half▼ 0.12
Return on assets (ROA)-24.9%below the sector's middle half-25.3%within the sector's middle half▲ 50.2pp-20.4%below the sector's middle half▼ 45.7pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 turns negative in 2025: a loss of €1,154 after €8,622 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,081
Fixed assets
€2,967 ▼ 30.6%
Current assets
€11,114 ▼ 26.6%
Equity and liabilities €14,081
Equity
€1,169 ▼ 71.1%
Debt
€12,912 ▼ 16.0%
Debt's share of the balance-sheet total rises from 79.2% to 91.7%. Equity and debt are lower.
Key figures and ratios
ROE
-245.6%▼
2024 · 121.6%
Debt ≤ 1 year
€12,912▼
2024 · €15,375
Income taxes
€260▼
2024 · €3,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99 | €708 | €1,307 | ▲ 84.6% |
| Other operating charges640/8 | €1,231 | €2,388 | €1,267 | ▼ 46.9% |
| Gross operating margin9900 | €1,788 | €11,717 | €1,420 | ▼ 87.9% |
| Operating profit (loss)9901 | €459 | €8,622 | -€1,154 | ▼ 113% |
| Financial income75/76B | - | €170 | €351 | ▲ 106% |
| Recurring financial income75 | - | €170 | €351 | ▲ 106% |
| Financial charges65/66B | €84 | €733 | €1,808 | ▲ 147% |
| Recurring financial charges65 | €84 | €733 | €1,808 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €375 | €8,059 | -€2,611 | ▼ 132% |
| Income taxes67/77 | €3,248 | €3,146 | €260 | ▼ 91.7% |
| Profit (loss) for the period9904 | -€2,873 | €4,913 | -€2,871 | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | -€2,873 | €4,913 | -€2,871 | ▼ 158% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11,545 | €19,415 | €14,081 | ▼ 27.5% |
| Fixed assets21/28 | €1,184 | €4,274 | €2,967 | ▼ 30.6% |
| Tangible fixed assets22/27 | €1,184 | €4,274 | €2,967 | ▼ 30.6% |
| Plant, machinery and equipment23 | €1,184 | €4,274 | €2,967 | ▼ 30.6% |
| Current assets29/58 | €10,361 | €15,141 | €11,114 | ▼ 26.6% |
| Amounts receivable within one year40/41 | €504 | €4,669 | €6,747 | ▲ 44.5% |
| Trade receivables40 | €424 | €1,475 | - | - |
| Other amounts receivable41 | €80 | €3,194 | €6,747 | ▲ 111% |
| Cash at bank and in hand54/58 | €8,895 | €9,459 | €2,656 | ▼ 71.9% |
| Deferred charges and accrued income490/1 | €963 | €1,013 | €1,711 | ▲ 69.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11,545 | €19,415 | €14,081 | ▼ 27.5% |
| Equity10/15 | -€873 | €4,040 | €1,169 | ▼ 71.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€2,873 | €2,040 | -€831 | ▼ 141% |
| Amounts payable17/49 | €12,418 | €15,375 | €12,912 | ▼ 16.0% |
| Amounts payable within one year42/48 | €12,418 | €15,375 | €12,912 | ▼ 16.0% |
| Trade debts44 | €1,172 | €1,585 | €4,322 | ▲ 173% |
| Suppliers440/4 | €1,172 | €1,585 | €4,322 | ▲ 173% |
| Taxes, remuneration and social security45 | €8,093 | €13,790 | €8,591 | ▼ 37.7% |
| Taxes450/3 | €8,093 | €12,065 | €8,591 | ▼ 28.8% |
| Remuneration and social security454/9 | - | €1,725 | - | - |
| Other amounts payable47/48 | €3,154 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,873 | €4,913 | -€2,871 | ▼ 158% |
| + Depreciation and write-downs630 | €99 | €708 | €1,307 | ▲ 84.6% |
| Operating cash flow (approximation) | -€2,775 | €5,621 | -€1,564 | ▼ 128% |
| Investment in fixed assets (approximation) | - | -€3,798 | €0 | ▲ 100% |
| Change in cash | - | €564 | -€6,803 | ▼ 1,306% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,913
Net result €4,913 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2022
Ground area
462 m²
Building footprint
116 m²
Volume, LiDAR
493 m³
Parcel 44412B0467/00L000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FEHICO
since 20222.336.315.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0467/00L000 | Flanders | 462 m² | 1 · 116 m² | 6.0 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 24,721 companies in this sector we hold annual accounts for 19,804. 1,096 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
68329Real estate activities
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0791914136
Also
9925:BE0791914136
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.