Summary
FELICITAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €18,550 and a net result of €90,448. Equity is shrinking by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 8094 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-01-2026, 182 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
182 d early
2024
42 d early
2023
153 d early
2022
117 d early
2021
104 d early
2020
75 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 92 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 April (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,550=
2024 · €18,550
Net result
€90,448▼ 4.6%
2024 · €94,823
Total assets
€153,887▲ 59.1%
2024 · €96,729
Solvency
12.1%▼ 7.1pp
2024 · 19.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€81,817▲ 24.5%€116,441▲ 42.3%€116,709▲ 0.2%€118,297▲ 1.4%€119,874▲ 1.3%
Net result€63,169within the sector's middle half▲ 18.3%€92,619above the sector's middle half▲ 46.6%€91,498above the sector's middle half▼ 1.2%€94,823above the sector's middle half▲ 3.6%€90,448above the sector's middle half▼ 4.6%
Equity€36,984below the sector's middle half▼ 86.5%€29,602below the sector's middle half▼ 20.0%€21,101below the sector's middle half▼ 28.7%€18,550below the sector's middle half▼ 12.1%€18,550below the sector's middle half=
Total assets€164,036within the sector's middle half▼ 46.3%€165,758within the sector's middle half▲ 1.0%€158,179within the sector's middle half▼ 4.6%€96,729below the sector's middle half▼ 38.8%€153,887within the sector's middle half▲ 59.1%
Debt€127,052▲ 301%€136,156▲ 7.2%€137,078▲ 0.7%€78,179▼ 43.0%€135,337▲ 73.1%
Working capital€29,570within the sector's middle half▼ 88.6%€26,767within the sector's middle half▼ 9.5%€20,744within the sector's middle half▼ 22.5%€19,259within the sector's middle half▼ 7.2%€18,550within the sector's middle half▼ 3.7%
Solvency22.5%below the sector's middle half▼ 67.1pp17.9%below the sector's middle half▼ 4.7pp13.3%below the sector's middle half▼ 4.5pp19.2%below the sector's middle half▲ 5.8pp12.1%below the sector's middle half▼ 7.1pp
Current ratio1.23within the sector's middle half▼ 7.981.20within the sector's middle half▼ 0.041.15within the sector's middle half▼ 0.051.25within the sector's middle half▲ 0.101.14within the sector's middle half▼ 0.11
Return on assets (ROA)38.5%above the sector's middle half▲ 21.0pp55.9%above the sector's middle half▲ 17.4pp57.8%above the sector's middle half▲ 2.0pp98.0%above the sector's middle half▲ 40.2pp58.8%above the sector's middle half▼ 39.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €153,887
Equity
€18,550 =
Debt
€135,337 ▲ 73.1%
Debt's share of the balance-sheet total rises from 80.8% to 87.9%. Debt is higher.
Key figures and ratios
ROE
487.6%▼
2024 · 511.2%
Debt ≤ 1 year
€135,337▲
2024 · €77,382
Income taxes
€29,283▲
2024 · €23,544
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,855 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,578 | €4,578 | €2,479 | €268 | €89 | ▼ 66.9% |
| Other operating charges640/8 | €1,270 | €1,286 | €1,386 | €1,232 | €1,177 | ▼ 4.4% |
| Gross operating margin9900 | €89,665 | €122,306 | €120,574 | €119,797 | €121,139 | ▲ 1.1% |
| Operating profit (loss)9901 | €81,817 | €116,441 | €116,709 | €118,297 | €119,874 | ▲ 1.3% |
| Financial income75/76B | €1,459 | - | €156 | €671 | €601 | ▼ 10.3% |
| Recurring financial income75 | €1,459 | - | €156 | €671 | €601 | ▼ 10.3% |
| Financial charges65/66B | €307 | €284 | €399 | €601 | €745 | ▲ 23.9% |
| Recurring financial charges65 | €307 | €284 | €399 | €601 | €745 | ▲ 23.9% |
| Profit (loss) for the period before taxes9903 | €82,969 | €116,158 | €116,466 | €118,367 | €119,730 | ▲ 1.2% |
| Income taxes67/77 | €19,800 | €23,539 | €24,968 | €23,544 | €29,283 | ▲ 24.4% |
| Profit (loss) for the period9904 | €63,169 | €92,619 | €91,498 | €94,823 | €90,448 | ▼ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €63,169 | €92,619 | €91,498 | €94,823 | €90,448 | ▼ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164,036 | €165,758 | €158,179 | €96,729 | €153,887 | ▲ 59.1% |
| Fixed assets21/28 | €7,414 | €2,836 | €357 | €89 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €7,414 | €2,836 | €357 | €89 | €0 | ▼ 100% |
| Furniture and vehicles24 | €2,531 | €289 | €145 | €36 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €4,883 | €2,546 | €212 | €53 | €0 | ▼ 100% |
| Current assets29/58 | €156,622 | €162,922 | €157,822 | €96,641 | €153,887 | ▲ 59.2% |
| Amounts receivable within one year40/41 | €16,812 | €22,325 | €56,364 | €68,147 | €64,334 | ▼ 5.6% |
| Trade receivables40 | €16,812 | €19,863 | €56,364 | €68,147 | €64,334 | ▼ 5.6% |
| Other amounts receivable41 | - | €2,461 | - | - | - | - |
| Current investments50/53 | - | - | €101,458 | - | - | - |
| Cash at bank and in hand54/58 | €139,810 | €140,598 | - | €28,494 | €87,409 | ▲ 207% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,144 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164,036 | €165,758 | €158,179 | €96,729 | €153,887 | ▲ 59.1% |
| Equity10/15 | €36,984 | €29,602 | €21,101 | €18,550 | €18,550 | = |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €18,434 | €11,052 | €2,551 | - | - | - |
| Distributable reserves133 | €18,434 | €11,052 | €2,551 | - | - | - |
| Amounts payable17/49 | €127,052 | €136,156 | €137,078 | €78,179 | €135,337 | ▲ 73.1% |
| Amounts payable within one year42/48 | €127,052 | €136,156 | €137,078 | €77,382 | €135,337 | ▲ 74.9% |
| Current portion of amounts payable after more than one year42 | €6,608 | - | - | - | €6,000 | - |
| Trade debts44 | €36 | €1,157 | €1,528 | €939 | €859 | ▼ 8.5% |
| Suppliers440/4 | €36 | €1,157 | €1,528 | €939 | €859 | ▼ 8.5% |
| Taxes, remuneration and social security45 | €13,945 | €28,623 | €29,028 | €22,514 | €31,466 | ▲ 39.8% |
| Taxes450/3 | €13,945 | €28,623 | €29,028 | €22,514 | €31,466 | ▲ 39.8% |
| Other amounts payable47/48 | €106,463 | €106,376 | €106,522 | €53,929 | €97,012 | ▲ 79.9% |
| Accrued charges and deferred income492/3 | - | - | - | €798 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,169 | €92,619 | €91,498 | €94,823 | €90,448 | ▼ 4.6% |
| + Depreciation and write-downs630 | €6,578 | €4,578 | €2,479 | €268 | €89 | ▼ 66.9% |
| Operating cash flow (approximation) | €69,747 | €97,197 | €93,977 | €95,091 | €90,537 | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €788 | - | - | €58,915 | - |
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
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €94,823 ▲3.6%
Net result €94,823, the highest in the series.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 9.96
Current ratio from 4.95 to 9.96; short-term debt falls from €36,294 to €23,224.
31-12
Financial
Equity above €200,000Eq €220,552 ▲38.3%
2 profitable years in a row build equity to €220,552.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2015
15-10
State Gazette act
General meeting · Director appointment
Mandate compensation · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Nazareth-De Pinte · 1 establishment unit since 2015
Ground area
1,007 m²
Building footprint
143 m²
Parcel 44079A0004/00F004, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FELICITAS
since 20152.241.801.642
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44079A0004/00F004 | Flanders | 1,007 m² | 1 · 143 m² | - |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
11 locations
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 7,165 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628907319
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.