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FELART

Active
Private limited companyfounded 20233 yrs activeKrombekestraat 4A, 8210 Zedelgem, BelgiumKBO/BCE: BE 0797.282.887
Summary

The computed 12-month bankruptcy probability of FELART is 3.3% (moderate). The 2024 annual accounts show equity of €22,784 and a net result of €21,450. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency88
Growth-
Track record79
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.75; short-term debt: 36.3% and cash: 84.5% of total assets), and 37% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
63%
Return on assets
59.3%
Age of the figures
22 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 27-06-2025, 3 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2024 accounts 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 January 2023, FELART was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€22,784
Total assets
€36,184
Net result
€21,450
Working capital
€23,049

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €36,184
Equity €22,784
Debt €13,400
Debt finances 37.0% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€32,698
Cash flow
€22,512
Current ratio
2.75
Debt to equity
0.59
ROE
94.1%
ROA
59.3%
Interest coverage
65.83
Debt ≤ 1 year
€13,135
Income taxes
€9,689

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 39,278 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
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€36,184
Current assets29/58€36,184
Amounts receivable within one year40/41€5,598
Trade receivables40€5,598
Cash at bank and in hand54/58€30,586
Equity and liabilities
Total equity and liabilities10/49€36,184
Equity10/15€22,784
Contributions10/11€3,000
Reserves13€19,784
Distributable reserves133€19,784
Amounts payable17/49€13,400
Amounts payable within one year42/48€13,135
Trade debts44€150
Suppliers440/4€150
Taxes, remuneration and social security45€9,889
Taxes450/3€9,889
Other amounts payable47/48€3,096
Accrued charges and deferred income492/3€265
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,063
Other operating charges640/8€778
Gross operating margin9900€33,476
Operating profit (loss)9901€31,636
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€497
Recurring financial charges65€497
Profit (loss) for the period before taxes9903€31,139
Income taxes67/77€9,689
Profit (loss) for the period9904€21,450
Profit (loss) for the period to be appropriated9905€21,450
Appropriation of the result
Profit (loss) to be appropriated9906€21,450
Transfer to equity691/2€19,784
To other reserves6921€19,784
Profit to be distributed694/7€1,666
Return on contributions (dividend)694€1,666

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,063
Other operating charges640/8€778
Gross operating margin9900€33,476
Operating profit (loss)9901€31,636
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€497
Recurring financial charges65€497
Profit (loss) for the period before taxes9903€31,139
Income taxes67/77€9,689
Profit (loss) for the period9904€21,450
Profit (loss) for the period to be appropriated9905€21,450
Line2024
Assets
Total assets20/58€36,184
Current assets29/58€36,184
Amounts receivable within one year40/41€5,598
Trade receivables40€5,598
Cash at bank and in hand54/58€30,586
Equity and liabilities
Total equity and liabilities10/49€36,184
Equity10/15€22,784
Contributions10/11€3,000
Reserves13€19,784
Distributable reserves133€19,784
Amounts payable17/49€13,400
Amounts payable within one year42/48€13,135
Trade debts44€150
Suppliers440/4€150
Taxes, remuneration and social security45€9,889
Taxes450/3€9,889
Other amounts payable47/48€3,096
Accrued charges and deferred income492/3€265
Line2024
Profit (loss) for the period9904€21,450
+ Depreciation and write-downs630€1,063
Operating cash flow (approximation)€22,512

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Zedelgem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
762 m²
Building footprint
133 m²
Volume, LiDAR
1 m³
Parcel 31036G0669/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
FELART
Krombekestraat 4A, 8210 ZedelgemHuman health activities
since 20232.340.592.479
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31036G0669/00M000 Flanders 762 m² 1 · 133 m² 0.0 m
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.

Public money · subsidies and aid

Flemish government

2023 to 2024 · 2 entries · 36 EUR awarded · 36 EUR paid
Year Entries awardedpaid
2024 1 0 EUR36 EUR
2023 1 36 EUR0 EUR
Schemes
2 entries · 36 EUR · 36 EUR paid · Fonds voor Innoveren en Ondernemen

Identification & contact

Identification
Legal formPrivate limited company
Founded17-01-2023
Fiscal year end30-11
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.