FELCON
ActiveSummary
FELCON has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €322,196 and a net result of €37,074. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 62% of 38,720 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €322,196
- Profit
- €37,074
Why 94lowers riskSize: total assets €479,537Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €322,196 (67.2% of total assets)Figures for financial year 2025 (filed 25-11-2025)Show the evidence
Checked score
Fewer than 1 in 1,000 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 70, micro): better than 62% on solvency, 30% on liquidity, 44% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-10-2026 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 36 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Appointments: Felix Kimball (non-statutory director) and…Capital conversion · Reserve release…
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €37,074 ▲28.5%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024 and is 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: 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).
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,470 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% | 1.0% |
| 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% 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 17,811 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,062 | €31,794 | €32,067 | €32,206 | €23,051 | €20,322 | €23,377 | ▲ 15.0% |
| Other operating charges640/8 | - | - | - | €5,496 | €3,930 | €3,516 | €7,393 | ▲ 110% |
| Gross operating margin9900 | €50,985 | €45,692 | €59,232 | €53,762 | €28,750 | €58,209 | €72,013 | ▲ 23.7% |
| Operating profit (loss)9901 | €11,005 | €9,015 | €21,825 | €16,060 | €1,768 | €34,371 | €41,243 | ▲ 20.0% |
| Financial income75/76B | - | - | - | €7 | €8 | €38 | €123 | ▲ 226% |
| Recurring financial income75 | €105 | €31 | €29 | €7 | €8 | €38 | €123 | ▲ 226% |
| Non-recurring financial income76B | - | - | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €6,172 | €4,434 | €5,152 | €3,768 | ▼ 26.9% |
| Recurring financial charges65 | €7,835 | €6,664 | €5,594 | €6,172 | €4,434 | €5,152 | €3,768 | ▼ 26.9% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€285,143 | -€82,967 | -€232 | €9,895 | -€2,658 | €29,256 | €37,597 | ▲ 28.5% |
| Income taxes67/77 | €525 | €968 | €468 | €418 | €408 | €400 | €524 | ▲ 30.9% |
| Profit (loss) for the period9904 | -€285,668 | -€83,936 | -€700 | €9,477 | -€3,065 | €28,857 | €37,074 | ▲ 28.5% |
| Profit (loss) for the period to be appropriated9905 | -€285,668 | -€83,936 | -€700 | €9,477 | -€3,065 | €28,857 | €37,074 | ▲ 28.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €641,863 | €534,802 | €494,681 | €476,583 | €464,799 | €465,246 | €479,537 | ▲ 3.1% |
| Fixed assets21/28 | €603,178 | €490,034 | €466,582 | €435,793 | €413,765 | €397,722 | €413,662 | ▲ 4.0% |
| Tangible fixed assets22/27 | €517,828 | €490,033 | €466,582 | €435,793 | €413,765 | €397,722 | €413,662 | ▲ 4.0% |
| Land and buildings22 | - | - | - | €423,234 | €406,810 | €389,322 | €371,835 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €1,023 | €551 | €1,254 | €3,986 | ▲ 218% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €1,699 | €633 | ▼ 62.7% |
| Leasing and similar rights25 | - | - | - | €4,174 | €0 | - | €32,719 | - |
| Other tangible fixed assets26 | - | - | - | €7,361 | €6,404 | €5,447 | €4,490 | ▼ 17.6% |
| Financial fixed assets28 | €85,350 | €1 | - | - | - | - | - | - |
| Current assets29/58 | €38,685 | €44,767 | €28,099 | €40,790 | €51,034 | €67,525 | €65,874 | ▼ 2.4% |
| Amounts receivable within one year40/41 | €19,641 | €23,938 | €19,720 | €29,155 | €46,411 | €61,393 | €30,767 | ▼ 49.9% |
| Trade receivables40 | - | - | - | €29,155 | €46,411 | €61,393 | €30,529 | ▼ 50.3% |
| Other amounts receivable41 | - | - | - | - | - | - | €238 | - |
| Cash at bank and in hand54/58 | €16,159 | €18,603 | €6,124 | €7,849 | €872 | €53 | €28,479 | ▲ 53,231% |
| Deferred charges and accrued income490/1 | - | - | - | €3,786 | €3,752 | €6,078 | €6,628 | ▲ 9.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €641,863 | €534,802 | €494,681 | €476,583 | €464,799 | €465,246 | €479,537 | ▲ 3.1% |
| Equity10/15 | €334,490 | €250,554 | €249,854 | €259,331 | €256,266 | €285,123 | €322,196 | ▲ 13.0% |
| Contributions10/11 | €69,200 | - | - | €69,200 | €69,200 | €69,200 | €69,200 | = |
| Reserves13 | €556,160 | €556,160 | €556,160 | €556,160 | €556,160 | €556,160 | €556,160 | = |
| Non-distributable reserves130/1 | - | - | - | €8,160 | €8,160 | €8,160 | €8,160 | = |
| Reserves not available under the articles1311 | - | - | - | €8,160 | €8,160 | €8,160 | €8,160 | = |
| Distributable reserves133 | - | - | - | €548,000 | €548,000 | €548,000 | €548,000 | = |
| Profit (loss) carried forward14 | -€290,870 | -€374,806 | -€375,506 | -€366,029 | -€369,094 | -€340,237 | -€303,164 | ▲ 10.9% |
| Amounts payable17/49 | €307,373 | €284,248 | €244,827 | €217,252 | €208,533 | €180,124 | €157,340 | ▼ 12.6% |
| Amounts payable after more than one year17 | €231,826 | €188,115 | €143,415 | €100,878 | €67,909 | €33,573 | €41,392 | ▲ 23.3% |
| Financial debts170/4 | - | - | - | €100,878 | €67,909 | €33,573 | €41,392 | ▲ 23.3% |
| Amounts payable within one year42/48 | €72,438 | €94,070 | €99,375 | €113,579 | €138,532 | €138,550 | €110,949 | ▼ 19.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €42,555 | €33,173 | €34,589 | €24,404 | ▼ 29.4% |
| Financial debts43 | - | - | - | - | - | €3,064 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €3,064 | €0 | ▼ 100% |
| Trade debts44 | €6,216 | €16,053 | €13,150 | €24,269 | €32,117 | €18,228 | €18,910 | ▲ 3.7% |
| Suppliers440/4 | - | - | - | €24,269 | €32,117 | €18,228 | €18,910 | ▲ 3.7% |
| Taxes, remuneration and social security45 | - | - | - | €14,183 | €18,635 | €14,818 | €11,462 | ▼ 22.6% |
| Taxes450/3 | - | - | - | €11,283 | €13,235 | €11,918 | €8,562 | ▼ 28.2% |
| Remuneration and social security454/9 | - | - | - | €2,900 | €5,400 | €2,900 | €2,900 | = |
| Other amounts payable47/48 | - | - | - | €32,573 | €54,607 | €67,852 | €56,173 | ▼ 17.2% |
| Accrued charges and deferred income492/3 | - | - | - | €2,795 | €2,092 | €8,000 | €5,000 | ▼ 37.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€285,668 | -€83,936 | -€700 | €9,477 | -€3,065 | €28,857 | €37,074 | ▲ 28.5% |
| + Depreciation and write-downs630 | €33,062 | €31,794 | €32,067 | €32,206 | €23,051 | €20,322 | €23,377 | ▲ 15.0% |
| Operating cash flow (approximation) | -€252,606 | -€52,141 | €31,366 | €41,683 | €19,986 | €49,178 | €60,451 | ▲ 22.9% |
| Investment in fixed assets (approximation) | - | €81,349 | -€8,614 | -€1,417 | -€1,023 | -€4,279 | -€39,318 | ▼ 819% |
| Change in cash | - | €2,444 | -€12,479 | €1,725 | -€6,977 | -€818 | €28,426 | ▲ 3,574% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: not fully processed yet. The notices from December 2022 to September 2026 are still being read.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Felix Kimball |
|
| Van Bouwelen Hilde |
|
Owners and capital
Capital and shareholders
- 01-04-2026 Converted to unavailable equity
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
01-04
Gazette deed
Appointments: Felix Kimball (non-statutory director) and Van Bouwelen Hilde (non-statutory director)Capital conversion · Reserve release · Power of attorney12 facts ▸
- General meeting, 02-02-2026, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other statement, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen aan WVV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekeningen” (deed in Dutch)
- Reserve release, “beschikbare eigen vermogensrekeningen” (deed in Dutch)
- Other statement, “vrijstelling volstortingsplicht, alle aandelen voortaan volledig volgestort” (deed in Dutch)
- Power of attorney (2 times)
- Purpose change
- Director appointment, Felix Kimball (non-statutory director)
- Director appointment, Van Bouwelen Hilde (non-statutory director)
- Amendment of the articles
- Power of attorney, Els DE BLOCK
- Other statement, “stemming, eenparige stemmen voor al voorafgaande beslissingen” (deed in Dutch)
About the unread acts
Of the 2 Belgian Official Gazette acts we know for this company, 1 has been read. The other one has 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 11 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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 |
|---|---|---|---|---|
| 12015A0635/00Z000 | Flanders | 618 m² | 1 · 246 m² | 9.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitoefenen van activiteiten van consulting en managementadvies, in de meest ruime betekenis, en inzonderheid op het gebied van…” (deed in Dutch)
12 activities
- Het uitoefenen van activiteiten van consulting en managementadvies, in de meest ruime betekenis, en inzonderheid op het gebied van strategische planning, personeelsbeleid, operationele planning, overnames en fusies, informatietechnologie, financiële diensten en producten, communicatietechnologie en management in het algemeen.
- Tevens stelt de vennootschap zich tot voorwerp mandaten van bestuur waar te nemen in andere vennootschappen, al dan niet in dezelfde sector en al dan niet in het kader van een consultingopdracht of een aandelenparticipatie.
- De vennootschap stelt zich eveneens tot voorwerp haar vermogen trachten uit te breiden door aan- en verkoop van aandelen en andere financiële waarden en afgeleide producten en daarbij gebruik te maken van alle beschikbare technieken;
- Het uitvoeren van grafische vormgeving voor bedrijven en privépersonen, webdesign, mediapresentatie, marketing en bedrijfscommunicatie, in de ruimste zin van het woord;
- Het aannemen, zo voor eigen rekening als voor rekening van derden, van alle drukwerken, van welke aard ook en volgens om het even welk procédé, de handel in en aan- en verkoop van alle drukwerken, publiciteit en media in al zijn vormen, alsook het ontwerpen, uitgeven en verspreiden van drukwerken, evenals de verkoop;
- De in- en uitvoer, de distributie en de verkoop, zo rechtstreeks of als tussenpersoon, van kantoorbenodigdheden, designartikelen, geschenk- en relatieartikelen en nevenproducten samen met het presteren van alle mogelijke diensten die kunnen verband houden met wat voorafgaat, alles in de ruimste zin van het woord;
- De publiciteit, reclame, marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit, reclame, marketing en algemene communicatie noodzakelijk zijn, zonder enige beperking;
- Het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen;
- Alle studies en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten welke daaruit voortvloeien, zoals de aankoop, de bouw, de verbouwing, de aanpassing, de huur en onderhuur, de ruiling, de verkoop en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen;
- De aankoop, verkoop en ruiling, het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen en van alle roerende goederen en rechten;
- Het stimuleren, de planning en de coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt;
- Het deelnemen aan hun beheer, bestuur en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Felcon
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “Besloten vennootschap” (deed in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, kan bij enkel besluit van het bestuursorgaan administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of December at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten” (deed in Dutch)