FEIM CONSTRUCT
ActiveSummary
FEIM CONSTRUCT has been active since 2004 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry. The 2024 annual accounts show equity of €113,328 and a net result of €55,178. Equity has been growing by about 6.9% per year since 2018. Its solvency ranks better than 63% of 35,969 sector peers (NACE 43, financial year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-01-2004 Normal situation
- Activity
- Other specialised construction activities NACE 43990and 1 other
- Establishment unit
- 2.135.637.419 1140 Evere, since 11-02-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €138,827
- ▲ 156%
- Turnover
- ≈ €570,000
- estimated
- Profit
- €55,178
- ▲ 29×
- Equity
- €113,328
- ▲ 94.9%
- Total assets
- €195,196
- ▲ 186%
- Employees on 31-12-2024
- 2
- =
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; last filed accounts filed 91 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 01-11-2025)lowers riskFounded in 2004Liquidity: current ratio 2.71, cash €56,398Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 63% of them on solvency, 74% on liquidity, 92% on profitability and 91% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 93 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 30-10-2025 PDF all 21 filings
Every figure per financial year
The operating result for 2024 is nearly 15 times that of 2023 and the highest since 2020. It is a recovery after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 2 | 2 |
| full-time | 1 | 2 | 2 | 2 |
| part-time | 1 | 1 | - | - |
| in full-time equivalents | 1.9 | 2.5 | 2 | 2 |
| Average over the year, in full-time equivalents | 2.2 | 2.6 | 2.1 | 2 |
| On a permanent contract | 1 | 2 | 1 | 1 |
| Joined | - | - | 0 | 1 |
| Left | - | - | 1 | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,283 | - | €43,736 |
| Depreciation and write-downs of the year | €210 | €1,659 | €2,142 | €1,535 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €436 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €79,279 | €56,661 | €44,167 | €53,869 | ▲ 22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,778 | €3,071 | €210 | €210 | €1,659 | €2,142 | €1,535 | ▼ 28.3% |
| Other operating charges640/8 | - | - | - | €1,342 | €3,071 | €2,468 | €2,352 | ▼ 4.7% |
| Gross operating margin9900 | €75,942 | €97,902 | €103,964 | €59,067 | €81,587 | €54,253 | €138,827 | ▲ 156% |
| Operating profit (loss)9901 | €14,881 | €6,204 | €18,155 | -€21,764 | €20,196 | €5,476 | €81,071 | ▲ 15× |
| Financial income75/76B | - | - | - | €487 | €500 | €195 | €1,538 | ▲ 690% |
| Recurring financial income75 | €1,964 | €2,136 | €2,748 | €487 | €500 | €195 | €1,538 | ▲ 690% |
| Financial charges65/66B | - | - | - | €1,287 | €1,514 | €805 | €2,895 | ▲ 259% |
| Recurring financial charges65 | €3,759 | €3,245 | €6,839 | €1,287 | €1,514 | €805 | €2,895 | ▲ 259% |
| Profit (loss) for the period before taxes9903 | €13,086 | €5,095 | €14,064 | -€22,564 | €19,181 | €4,865 | €79,714 | ▲ 16× |
| Income taxes67/77 | €2,767 | €1,212 | €3,544 | €95 | €1,696 | €2,973 | €24,536 | ▲ 725% |
| Profit (loss) for the period9904 | €10,318 | €3,882 | €10,521 | -€22,659 | €17,485 | €1,892 | €55,178 | ▲ 29× |
| Profit (loss) for the period to be appropriated9905 | €10,318 | €3,882 | €10,521 | -€22,659 | €17,485 | €1,892 | €55,178 | ▲ 29× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €167,338 | €57,314 | €77,781 | €54,701 | €79,207 | €68,235 | €195,196 | ▲ 186% |
| Fixed assets21/28 | €3,921 | €850 | €640 | €430 | €3,054 | €912 | €56,993 | ▲ 62× |
| Tangible fixed assets22/27 | €3,701 | €630 | €420 | €210 | €2,834 | €692 | €56,773 | ▲ 82× |
| Land and buildings22 | - | - | - | - | - | - | €40,490 | - |
| Plant, machinery and equipment23 | - | - | - | €210 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €2,834 | €692 | €2,373 | ▲ 243% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €13,910 | - |
| Financial fixed assets28 | €220 | €220 | €220 | €220 | €220 | €220 | €220 | = |
| Current assets29/58 | €163,417 | €56,464 | €77,141 | €54,271 | €76,154 | €67,323 | €138,202 | ▲ 105% |
| Amounts receivable after more than one year29 | - | - | - | €19,969 | €18,169 | €18,169 | €18,169 | = |
| Other amounts receivable291 | - | - | - | €19,969 | €18,169 | €18,169 | €18,169 | = |
| Amounts receivable within one year40/41 | €154,141 | €44,059 | €61,465 | €12,262 | €32,829 | €23,797 | €62,088 | ▲ 161% |
| Trade receivables40 | - | - | - | €11,045 | €30,832 | €15,017 | €16,719 | ▲ 11.3% |
| Other amounts receivable41 | - | - | - | €1,217 | €1,997 | €8,781 | €45,369 | ▲ 417% |
| Cash at bank and in hand54/58 | €8,873 | €12,061 | €13,708 | €21,625 | €25,083 | €24,924 | €56,398 | ▲ 126% |
| Deferred charges and accrued income490/1 | - | - | - | €414 | €73 | €432 | €1,548 | ▲ 259% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €167,338 | €57,314 | €77,781 | €54,701 | €79,207 | €68,235 | €195,196 | ▲ 186% |
| Equity10/15 | €47,029 | €50,911 | €61,431 | €38,772 | €56,258 | €58,150 | €113,328 | ▲ 94.9% |
| Contributions10/11 | €12,250 | €12,250 | - | €12,250 | €12,250 | €12,250 | €12,250 | = |
| Reserves13 | €1,916 | €1,916 | €1,916 | €1,916 | €1,916 | €1,916 | €1,916 | = |
| Non-distributable reserves130/1 | - | - | - | €1,916 | €1,916 | €1,916 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,916 | €1,916 | €1,916 | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,916 | - |
| Profit (loss) carried forward14 | €32,863 | €36,745 | €47,265 | €24,606 | €42,092 | €43,984 | €99,162 | ▲ 125% |
| Amounts payable17/49 | €120,310 | €6,403 | €16,350 | €15,928 | €22,950 | €10,086 | €81,868 | ▲ 712% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €30,964 | - |
| Financial debts170/4 | - | - | - | - | - | - | €30,964 | - |
| Amounts payable within one year42/48 | €120,310 | €6,403 | €16,350 | €15,928 | €22,950 | €10,086 | €50,904 | ▲ 405% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €8,068 | - |
| Trade debts44 | €114,920 | - | €11,566 | €9,622 | €20,376 | €2,188 | €10,453 | ▲ 378% |
| Suppliers440/4 | - | - | - | €9,622 | €20,376 | €2,188 | €10,453 | ▲ 378% |
| Taxes, remuneration and social security45 | - | - | - | €6,306 | €1,933 | €7,898 | €31,556 | ▲ 300% |
| Taxes450/3 | - | - | - | €3,702 | €1,603 | €5,805 | €31,556 | ▲ 444% |
| Remuneration and social security454/9 | - | - | - | €2,604 | €329 | €2,093 | - | - |
| Other amounts payable47/48 | - | - | - | - | €641 | - | €828 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,318 | €3,882 | €10,521 | -€22,659 | €17,485 | €1,892 | €55,178 | ▲ 29× |
| + Depreciation and write-downs630 | €2,778 | €3,071 | €210 | €210 | €1,659 | €2,142 | €1,535 | ▼ 28.3% |
| Operating cash flow (approximation) | €13,096 | €6,953 | €10,731 | -€22,449 | €19,144 | €4,034 | €56,713 | ▲ 14× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,283 | €0 | -€57,616 | - |
| Change in cash | - | €3,188 | €1,647 | €7,917 | €3,457 | -€158 | €31,473 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as FEIM CONSTRUCT has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FEIM CONSTRUCT itself is higher: 1.4% within 12 months. It rests on far more data about FEIM CONSTRUCT than the profile alone.
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.
| 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 31,368 companies, not a prediction for FEIM CONSTRUCT. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-10-2025 | 2025-00557824 | |
| 31-12-2023 | micro format | 05-10-2024 | 2024-00499887 | |
| 31-12-2022 | micro format | 03-10-2023 | 2023-00470056 | |
| 31-12-2021 | micro format | 10-10-2022 | 2022-20463207 | |
| 31-12-2020 | micro format | 24-01-2022 | 2022-01600519 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66200239 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68600297 | |
| 31-12-2017 | micro format | 19-03-2019 | 2019-07300570 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59300332 | |
| 31-12-2015 | full format | 03-04-2017 | 2017-08800361 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 22-05-2024 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| REDZEPI Feim |
|
Network & group
FEIM CONSTRUCT shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of FEIM CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-05
Gazette deed
Change of role: REDZEPI Feim, from manager to directorPurpose change · Amendment of the articles · Capital conversion13 points ▸
- General meeting, “unanimité, valablement composée apte à délibérer” (deed in French)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “article 39,§2,troisième alinéa loi du 23-03-2019”, 01-01-2020 (deed in French)
- Other provision, “suppression compte capitaux propres statutairement indisponible, supprimer et rendre disponible pour distribution” (deed in French)
- Other provision, “information actionnaire sur distribution, conseillé appel professionnel du chiffre” (deed in French)
- Capital
- Director resignation, REDZEPI Feim (manager)
- Director appointment, REDZEPI Feim (director (not named in the articles))
- Director discharge, REDZEPI Feim (gérant démissionnaire)
- Registered office clause, “1130 Bruxelles (Haren),rue de l'Aérodrome 4-6” (deed in French)
- Other provision, “toute communication vers cette adresse par actionnaires,titulaires de titres emis par la societe et titulaires de certificats emis avec collaboration reputee in…” (deed in French)
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
43 activities
- Le déblayage des chantiers
- Les travaux de terrassement (creusement,comblement,nivellement de chantiers de construction,ouverture de tranchées,dérochement,destruction à l’explosif,…)
- Le drainage des chantiers de construction
- L’installation dans des bâtiments ou d’autres projets de construction de matériaux d'isolation thermique,de matériaux d'isolation acoustique et anti vibrations
- Les travaux d'isolation de canalisations de chauffage ou de réfrigération
- Les travaux d'isolation de chambres froides ou d'entrepôts frigorifiques
- Le recouvrement de cadres métalliques avec des plaques de bardage (façades ou toitures)
- Rendre les bâtiments et les fenêtres étanches à l'air
- Le montage de charpentes
- Travaux de plâtrerie (mise en œuvre dans des bâtiments ou d’autres projets de construction de plâtre ou de stuc pour enduits intérieurs et extérieurs,y compris les matériaux de lattage associés)
- Les travaux de maçonnerie
- L’entreprise de construction de bâtiments (gros œuvre et mise sous toit)
- L’entreprise générale de construction (par sous-traitance)
- L’entreprise de construction d’ouvrages d’art métallique ou non à l’exception des travaux maritimes et fluviaux
- L’entreprise de construction et de rénovation,de réfection et d’entretien des routes
- L’entreprise de travaux d’égouts
- L’entreprise de travaux de pose de câbles et de canalisations diverses
- L’entreprise d’installation de signalisation routière et de marquage des routes
- L’entreprise de terrassement
- L’entreprise d’installation d’échafaudages,de rejointoyage et de nettoyage des façades
- L’entreprise de nettoyage et de désinfection de maisons et de locaux,meubles,ameublements et objets divers
- L’entreprise de peintures industrielles
- L’entreprise d’isolation thermique et acoustique
- L’entreprise de placement de ferronnerie,de volets et de menuiserie métallique
- L’entreprise de travaux de drainage
- Atelier de restauration de meubles
- L’entreprise de charpenterie et de menuiserie du bâtiment (uniquement la fabrication et la pose de parquets)
- Menuiserie métallique
- Travaux de gros œuvres
- Activités générales de la construction
- De plafonnage
- Les travaux d’électricité,de plomberie et chauffage central
- La fabrication de tout mobilier
- La domotique
- L’acquisition de tous terrains
- La construction de tous bâtiments publics et particuliers
- L’achat,la vente,la location,la division et le lotissement de tous immeubles
- La prise en considération de tous travaux concernant la distribution de l’eau,du gaz de l’électricité,etc.
- L’établissement et l’exploitation de tous moyens de transport,ports,canaux,routes,etc
- L’achat,la vente,la location,l’importation,l’exportation de tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de renouvellement des ouvrages d’art et bâtiments
- La préparation,la rédaction et la conclusion en tant que mandataire ou pour compte propre,de tous marchés de travaux publics ou privés ou de fourniture et faite toutes opérations se rattachant à ces objets
- La prestation de conseils et d’assistance tant au point de vue technique qu’administratif et commercial à toutes sociétés et entreprises,pour tout ce qui concerne le secteur des biens immobiliers
- L’entreprise de déménagement
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0862.595.462
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21821C0159/00P002 | Brussels | 533 m² | 1 · 196 m² | 12.8 m · 3 |
| 21372D0219/00G003 | Brussels | 117 m² | 1 · 70 m² | 13.5 m · 4 |