FEITHESS
ActiveSummary
The computed 12-month bankruptcy probability of FEITHESS is 2.2% (moderate). The 2025 annual accounts show negative equity (-€158,559) and a net result of -€2.3m. Equity is shrinking by about 2.8% per year across the filed financial years. Its solvency ranks better than 9% of 9,760 sector peers (NACE 46, financial year 2025). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€158,559
- Loss
- -€2.3m
- FEITH Pieter Eric BoudewijnDirector
- van der WANSEM Maria Theresia JohannaDirector
Why 51raises riskLoss of €2.3m, the second in a row (financial year 2025)Negative equity -€158,559Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €1.3mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 14% on solvency, 33% on liquidity, 31% on profitability and 4% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 30 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€2.3m
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00472258.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €236,688 after a loss of €118,206 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 84.5% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 678 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.04m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.06m | €0.06m | €0.06m | €0.08m | €0.09m | ▲ 18.9% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.006m | €0.02m | €0.007m | €0.01m | ▲ 56.9% |
| Gross operating margin9900 | €0.3m | €0.2m | €0.2m | €0.09m | €0.2m | €0.1m | -€0.03m | €0.3m | - |
| Operating profit (loss)9901 | €0.2m | €0.08m | €0.09m | €0.02m | €0.1m | €0.07m | -€0.1m | €0.2m | - |
| Financial income75/76B | - | - | - | €0.002m | €0.002m | €0.002m | €50 | €0.02m | ▲ 402× |
| Recurring financial income75 | €0.004m | €0.003m | €0.01m | €0.002m | €0.002m | €0.002m | €50 | €0.02m | ▲ 332× |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €0.004m | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €2.6m | ▲ 17× |
| Recurring financial charges65 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 52.2% |
| Non-recurring financial charges66B | - | - | - | - | €0.001m | €0 | €0.005m | €2.5m | ▲ 524× |
| Profit (loss) for the period before taxes9903 | -€0.02m | -€0.03m | -€0.008m | -€0.08m | €0.007m | -€0.06m | -€0.3m | -€2.3m | ▼ 753% |
| Income taxes67/77 | €0.01m | €0.005m | €0.002m | €0.03m | €0.002m | €0.002m | €0.005m | €0.004m | ▼ 26.9% |
| Profit (loss) for the period9904 | -€0.03m | -€0.04m | -€0.01m | -€0.1m | €0.005m | -€0.06m | -€0.3m | -€2.3m | ▼ 739% |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | -€0.04m | -€0.01m | -€0.1m | €0.005m | -€0.06m | -€0.3m | -€2.3m | ▼ 739% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.3m | €6.1m | €5.9m | €5.8m | €5.8m | €5.9m | €5.9m | €1.3m | ▼ 78.2% |
| Fixed assets21/28 | €6.2m | €6.1m | €5.8m | €5.7m | €5.8m | €5.9m | €5.9m | €1.1m | ▼ 82.0% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €0.9m | €0.9m | €0.8m | €0.9m | €0.9m | €0.9m | ▲ 6.3% |
| Land and buildings22 | - | - | - | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.006m | €0.005m | €0.05m | €0.06m | ▲ 18.6% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.001m | €0.1m | €0.1m | €0.2m | ▲ 75.1% |
| Financial fixed assets28 | €4.9m | €4.9m | €4.9m | €4.9m | €5.0m | €5.0m | €5.0m | €0.1m | ▼ 97.8% |
| Current assets29/58 | €0.09m | €0.1m | €0.1m | €0.09m | €0.03m | €0.05m | €0.03m | €0.2m | ▲ 574% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | €0 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.03m | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.009m | €0.02m | €0.02m | €0.05m | €0.007m | €0.04m | €0.02m | €0.1m | ▲ 551% |
| Trade receivables40 | - | - | - | €0.05m | €0.007m | €0.03m | €0.02m | €0.1m | ▲ 819% |
| Other amounts receivable41 | - | - | - | €11 | €0 | €0.007m | €0.007m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.06m | €0.02m | €0.01m | €0.006m | €0.002m | €0.05m | ▲ 35× |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.004m | €0.009m | €0.01m | €0.03m | ▲ 204% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.3m | €6.1m | €5.9m | €5.8m | €5.8m | €5.9m | €5.9m | €1.3m | ▼ 78.2% |
| Equity10/15 | €2.6m | €2.6m | €2.6m | €2.5m | €2.5m | €2.4m | €2.2m | -€0.2m | - |
| Contributions10/11 | €2.1m | €2.1m | - | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.2m | €0.2m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.06m | €0.06m | €0.006m | -€0.3m | -€2.6m | ▼ 858% |
| Amounts payable17/49 | €3.6m | €3.6m | €3.3m | €3.3m | €3.3m | €3.5m | €3.7m | €1.4m | ▼ 61.5% |
| Amounts payable after more than one year17 | €2.2m | €1.9m | €1.6m | €1.4m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 9.5% |
| Financial debts170/4 | - | - | - | €1.4m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 9.5% |
| Amounts payable within one year42/48 | €1.3m | €1.7m | €1.8m | €2.0m | €2.1m | €2.4m | €2.7m | €0.5m | ▼ 80.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.09m | €0.08m | €0.09m | ▲ 11.9% |
| Financial debts43 | - | - | - | €0.2m | €0.08m | €0.1m | €0.2m | €0.3m | ▲ 29.6% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.08m | €0.1m | €0.2m | €0.2m | ▼ 13.6% |
| Other loans439 | - | - | - | - | €0 | - | - | €0.1m | - |
| Trade debts44 | €0.01m | €0.02m | €0.007m | €0.02m | €0.01m | €0.01m | €0.02m | €0.04m | ▲ 110% |
| Suppliers440/4 | - | - | - | €0.02m | €0.01m | €0.01m | €0.02m | €0.04m | ▲ 110% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | €0.03m | €0.03m | €0.1m | ▲ 299% |
| Taxes450/3 | - | - | - | €0.03m | €0.04m | €0.03m | €0.03m | €0.1m | ▲ 299% |
| Other amounts payable47/48 | - | - | - | €1.6m | €1.9m | €2.1m | €2.4m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.002m | €0.001m | €0.002m | €0.009m | ▲ 342% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | -€0.04m | -€0.01m | -€0.1m | €0.005m | -€0.06m | -€0.3m | -€2.3m | ▼ 739% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.06m | €0.06m | €0.06m | €0.08m | €0.09m | ▲ 18.9% |
| Operating cash flow (approximation) | €0.09m | €0.08m | €0.1m | -€0.04m | €0.07m | -€153 | -€0.2m | -€2.2m | ▼ 1,018% |
| Investment in fixed assets (approximation) | - | -€0.004m | €0.1m | -€0.004m | -€0.1m | -€0.2m | -€0.05m | €4.7m | - |
| Change in cash | - | -€0.009m | €0.02m | -€0.04m | -€0.002m | -€0.008m | -€0.004m | €0.05m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00472258 |
| 31-12-2024 | abbreviated format | 05-08-2025 | 2025-00360665 |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00418791 |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00355168 |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20387615 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59400476 |
| 31-12-2019 | abbreviated format | 28-09-2020 | 2020-56400073 |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-52600123 |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-52100038 |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-38100484 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FEITH Pieter Eric Boudewijn |
|
| van der WANSEM Maria Theresia Johanna |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-08
Gazette deed
Resignations: FEITH Pieter Eric Boudewijn (zaakvoerder, thans bestuurder) and van der WANSEM Maria Theresia Johanna (zaakvoerder, thans bestuurder)Reappointments: FEITH Pieter Eric Boudewijn (director) and van der WANSEM Maria Theresia Johanna (director) · Name change · Capital conversion15 facts ▸
- General meeting, 06-07-2023
- Name change, FEITHESS
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, beschikbaar voor uitkering” (deed in Dutch)
- Registered office clause, “precies adres buiten statuten, 2970 Schilde, Begonialaan 15” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “beschikbare eigen vermogensrekening, aandeelhouders” (deed in Dutch)
- Director resignation, FEITH Pieter Eric Boudewijn (zaakvoerder, thans bestuurder)
- Director resignation, van der WANSEM Maria Theresia Johanna (zaakvoerder, thans bestuurder)
- Director reappointment, FEITH Pieter Eric Boudewijn (director (not named in the articles))
- Director reappointment, van der WANSEM Maria Theresia Johanna (director (not named in the articles))
- +3 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11041C0311/00S002 | Flanders | 5,178 m² | 1 · 350 m² | 7.5 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De nationale en internationale handel in textielproducten, vrijetijdskleding, mode-artikelen en accessoires; Het nemen van participaties in…” (deed in Dutch)
6 activities (deed in Dutch)
- De nationale en internationale handel in textielproducten, vrijetijdskleding, mode-artikelen en accessoires.
- Het nemen van participaties in andere vennootschappen, rechtstreeks en onrechtstreeks;
- Het beheren van bedrijven en vennootschappen in de ruimste zin van het woord, daarin begrepen het uitoefenen van mandaten van zaakvoerder, bestuurder en vereffenaar;
- Het adviseren in het kader van management van andere bedrijven en vennootschappen;
- Het beheer van - en deelname in projekten in roerende en onroerende goederen;
- Dit alles in de meest uitgebreide zin genomen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FEITHESS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, niet-statutaire bestuurders herroepbaar ad nutum bij besluit algemene vergadering zonder vergoeding” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 20:00