Feka
ActiveSummary
Feka has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.0m and a net result of -€261,699. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-6
Solvency33▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.04 in 2023; short-term debt: 64.2% and cash: 0.9% of total assets), and 92.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
7.9%
Return on assets
-0.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€261,699
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
27 d early
2022
46 d early
2021
38 d early
2020
36 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€3.0m▼ 8.1%
2023 · €3.2m
Total assets
€37.8m▲ 5.8%
2023 · €35.7m
Net result
-€261,699▲ 19.1%
2023 · -€323,369
Working capital
-€23.0m▼ 9.7%
2023 · -€20.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Operating result€46,725▼ 85.9%-€18,586€1,500€811,596▲ 54,004%€1.1m▲ 40.6%
Net result-€210,240below the sector's middle half-€264,673below the sector's middle half▼ 25.9%-€297,101below the sector's middle half▼ 12.3%-€323,369below the sector's middle half▼ 8.8%-€261,699below the sector's middle half▲ 19.1%
Equity€4.1mabove the sector's middle half▼ 4.9%€3.9mabove the sector's middle half▼ 6.4%€3.6mabove the sector's middle half▼ 7.7%€3.2mabove the sector's middle half▼ 9.1%€3.0mabove the sector's middle half▼ 8.1%
Total assets€27.6mabove the sector's middle half▼ 8.1%€32.4mabove the sector's middle half▲ 17.4%€34.7mabove the sector's middle half▲ 7.3%€35.7mabove the sector's middle half▲ 2.8%€37.8mabove the sector's middle half▲ 5.8%
Debt€23.5m▼ 8.7%€28.5m▲ 21.6%€31.2m▲ 9.3%€32.5m▲ 4.2%€34.8m▲ 7.2%
Working capital-€11.9m▼ 33.5%-€17.1m▼ 44.2%-€19.7m▼ 15.1%-€20.9m▼ 6.2%-€23.0m▼ 9.7%
Solvency14.9%within the sector's middle half▲ 0.5pp11.9%within the sector's middle half▼ 3.0pp10.2%within the sector's middle half▼ 1.7pp9.1%within the sector's middle half▼ 1.2pp7.9%within the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 41% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37.8m
Fixed assets
€36.5m ▲ 5.1%
Current assets
€1.3m ▲ 31.8%
Equity and liabilities €37.8m
Equity
€3.0m ▼ 8.1%
Debt
€34.8m ▲ 7.2%
Debt's share of the balance-sheet total rises from 90.9% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3.8m▼
2023 · €3.8m
Cash flow
€2.4m▼
2023 · €2.7m
Current ratio
0.05▲
2023 · 0.04
Debt to equity
11.72▲
2023 · 10.04
ROE
-8.8%▲
2023 · -10.0%
ROA
-0.7%▲
2023 · -0.9%
Interest coverage
2.70▼
2023 · 3.36
Debt ≤ 1 year
€24.2m▲
2023 · €21.9m
Debt > 1 year
€10.5m=
2023 · €10.5m
Income taxes
-€31▼
2023 · €31
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 104 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Large
- solvency under 10%
- a small loss
- without age
1.0%
went bankrupt
1.0%
stopped otherwise
97%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% | 1.6% |
| 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 74% 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 104 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €69,043 | €96,770 | €104,725 | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3.0m | €2.7m | €3.1m | €3.0m | €2.6m | ▼ 12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €31,297 | -€67,063 | -€7,562 | - | - |
| Other operating charges640/8 | - | €182,177 | €178,712 | €92,253 | €194,742 | ▲ 111% |
| Gross operating margin9900 | €3.3m | €2.9m | €3.2m | €3.9m | €4.0m | ▲ 2.0% |
| Operating profit (loss)9901 | €46,725 | -€18,586 | €1,500 | €811,596 | €1.1m | ▲ 40.6% |
| Financial income75/76B | - | €4,178 | €1,315 | €1,386 | €901 | ▼ 35.0% |
| Recurring financial income75 | €12,037 | €4,178 | €1,315 | €1,386 | €901 | ▼ 35.0% |
| Financial charges65/66B | - | €250,265 | €299,916 | €1.1m | €1.4m | ▲ 23.6% |
| Recurring financial charges65 | €251,812 | €250,265 | €299,916 | €1.1m | €1.4m | ▲ 23.6% |
| Profit (loss) for the period before taxes9903 | -€193,050 | -€264,673 | -€297,101 | -€323,338 | -€261,730 | ▲ 19.1% |
| Income taxes67/77 | €17,189 | €0 | - | €31 | -€31 | ▼ 200% |
| Profit (loss) for the period9904 | -€210,240 | -€264,673 | -€297,101 | -€323,369 | -€261,699 | ▲ 19.1% |
| Profit (loss) for the period to be appropriated9905 | -€210,240 | -€264,673 | -€297,101 | -€323,369 | -€261,699 | ▲ 19.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27.6m | €32.4m | €34.7m | €35.7m | €37.8m | ▲ 5.8% |
| Fixed assets21/28 | €26.5m | €31.5m | €33.8m | €34.7m | €36.5m | ▲ 5.1% |
| Tangible fixed assets22/27 | €26.5m | €31.5m | €33.8m | €34.7m | €36.5m | ▲ 5.1% |
| Land and buildings22 | - | €31.5m | €33.8m | €34.6m | €34.0m | ▼ 1.7% |
| Furniture and vehicles24 | - | €5,949 | €5,949 | €5,949 | €5,949 | = |
| Assets under construction and advance payments27 | - | - | - | €114,771 | €2.5m | ▲ 2,047% |
| Current assets29/58 | €1.0m | €853,450 | €898,585 | €980,741 | €1.3m | ▲ 31.8% |
| Amounts receivable within one year40/41 | €367,872 | €289,875 | €490,631 | €457,950 | €936,197 | ▲ 104% |
| Trade receivables40 | - | €271,480 | €490,631 | €457,950 | €619,387 | ▲ 35.3% |
| Other amounts receivable41 | - | €18,395 | - | - | €316,810 | - |
| Cash at bank and in hand54/58 | €324,581 | €538,414 | €407,954 | €522,791 | €340,770 | ▼ 34.8% |
| Deferred charges and accrued income490/1 | - | €25,161 | - | - | €15,440 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27.6m | €32.4m | €34.7m | €35.7m | €37.8m | ▲ 5.8% |
| Equity10/15 | €4.1m | €3.9m | €3.6m | €3.2m | €3.0m | ▼ 8.1% |
| Contributions10/11 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Capital10 | - | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Issued capital100 | - | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Reserves13 | €316,205 | €105,966 | €105,966 | €105,966 | €105,966 | = |
| Non-distributable reserves130/1 | - | €96,062 | €96,062 | €96,062 | €96,062 | = |
| Legal reserve130 | - | €96,062 | €96,062 | €96,062 | €96,062 | = |
| Distributable reserves133 | - | €9,903 | €9,903 | €9,903 | €9,903 | = |
| Profit (loss) carried forward14 | -€210,240 | -€264,673 | -€561,774 | -€885,144 | -€1.1m | ▼ 29.6% |
| Amounts payable17/49 | €23.5m | €28.5m | €31.2m | €32.5m | €34.8m | ▲ 7.2% |
| Amounts payable after more than one year17 | €10.5m | €10.5m | €10.5m | €10.5m | €10.5m | = |
| Financial debts170/4 | - | €10.5m | €10.5m | €10.5m | €10.5m | = |
| Amounts payable within one year42/48 | €12.9m | €18.0m | €20.6m | €21.9m | €24.2m | ▲ 10.7% |
| Trade debts44 | €551,507 | €595,826 | €663,728 | €490,577 | €680,874 | ▲ 38.8% |
| Suppliers440/4 | - | €595,826 | €663,728 | €490,577 | €680,874 | ▲ 38.8% |
| Taxes, remuneration and social security45 | - | €60,981 | €40,720 | €48,348 | €33,090 | ▼ 31.6% |
| Taxes450/3 | - | €59,056 | €38,789 | €46,398 | €30,591 | ▼ 34.1% |
| Remuneration and social security454/9 | - | €1,925 | €1,931 | €1,950 | €2,499 | ▲ 28.2% |
| Other amounts payable47/48 | - | €17.3m | €19.9m | €21.4m | €23.5m | ▲ 10.1% |
| Accrued charges and deferred income492/3 | - | €38,040 | €64,159 | €62,756 | €70,270 | ▲ 12.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€210,240 | -€264,673 | -€297,101 | -€323,369 | -€261,699 | ▲ 19.1% |
| + Depreciation and write-downs630 | €3.0m | €2.7m | €3.1m | €3.0m | €2.6m | ▼ 12.0% |
| Operating cash flow (approximation) | €2.8m | €2.4m | €2.8m | €2.7m | €2.4m | ▼ 11.2% |
| Investment in fixed assets (approximation) | - | -€7.7m | -€5.4m | -€3.9m | -€4.4m | ▼ 13.3% |
| Change in cash | - | €213,833 | -€130,460 | €114,837 | -€182,021 | ▼ 259% |
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
2026
21-08
State Gazette act
MiscellaneousPower of attorney3 facts ▸
State Gazette act
Miscellaneous
Power of attorney3 facts ▸
- Board meeting, 21-05-2026
- Other statement, alle materies die raken aan de uitoefening van hun mandaat als bestuurder, keuze van woonplaats
- Power of attorney, Nico Van der Goten (bijzonder gevolmachtigde)
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€323,369
Net result drops to -€323,369, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €107,246
Net result €107,246 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 22 acts read
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1982
Ground area
1,025 m²
Building footprint
269 m²
Volume, LiDAR
3,455 m³
Parcel 11807G1303/00H007, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
FEKA
since 19822.022.355.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1303/00H007 | Flanders | 1,025 m² | 1 · 269 m² | 15.2 m · 4 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 9,146 companies in sector 68201 we hold annual accounts for 6,770. 3,842 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-05-1982
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422785386
Also
9925:BE0422785386
Registered
20-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.