FELIN
ActiveSummary
FELIN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €124,480 and a net result of -€557. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 32% of 9084 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+41
Solvency53▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.24 in 2023; short-term debt: 72% and cash: 11.7% of total assets), and 72% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
28%
Return on assets
-0.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€557
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
55 d late
2022
66 d late
2021
60 d late
2020
86 d late
2019
89 d late
← 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 69 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€124,480▼ 0.4%
2023 · €125,037
Total assets
€445,145▲ 22.1%
2023 · €364,488
Net result
-€557▲ 96.4%
2023 · -€15,658
Working capital
€69,029▲ 17.7%
2023 · €58,646
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€21,956€28,052▲ 27.8%-€8,684-€13,401▼ 54.3%€761
Net result€18,429within the sector's middle half€10,264within the sector's middle half▼ 44.3%-€16,957below the sector's middle half-€15,658below the sector's middle half▲ 7.7%-€557below the sector's middle half▲ 96.4%
Equity€147,387within the sector's middle half▲ 14.3%€157,651within the sector's middle half▲ 7.0%€140,694below the sector's middle half▼ 10.8%€125,037below the sector's middle half▼ 11.1%€124,480below the sector's middle half▼ 0.4%
Total assets€615,914within the sector's middle half▲ 73.8%€280,070below the sector's middle half▼ 54.5%€404,052below the sector's middle half▲ 44.3%€364,488below the sector's middle half▼ 9.8%€445,145below the sector's middle half▲ 22.1%
Debt€405,078▲ 150%€122,419▼ 69.8%€263,358▲ 115%€239,452▼ 9.1%€320,665▲ 33.9%
Working capital€212,887within the sector's middle half▲ 28.9%€122,379within the sector's middle half▼ 42.5%€75,103within the sector's middle half▼ 38.6%€58,646within the sector's middle half▼ 21.9%€69,029within the sector's middle half▲ 17.7%
Solvency23.9%within the sector's middle half▼ 12.5pp56.3%within the sector's middle half▲ 32.4pp34.8%within the sector's middle half▼ 21.5pp34.3%within the sector's middle half▼ 0.5pp28.0%within the sector's middle half▼ 6.3pp
Current ratio1.58within the sector's middle half▼ 0.442.00within the sector's middle half▲ 0.421.29within the sector's middle half▼ 0.711.24within the sector's middle half▼ 0.041.22within the sector's middle half▼ 0.03
Return on assets (ROA)3.0%within the sector's middle half▲ 6.4pp3.7%within the sector's middle half▲ 0.7pp-4.2%below the sector's middle half▼ 7.9pp-4.3%below the sector's middle half▼ 0.1pp-0.1%below the sector's middle half▲ 4.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
The operating result returns to profit in 2024: €761 after a loss of €13,401 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €445,145
Fixed assets
€55,451 ▼ 16.5%
Current assets
€389,693 ▲ 30.7%
Equity and liabilities €445,145
Equity
€124,480 ▼ 0.4%
Debt
€320,665 ▲ 33.9%
Debt's share of the balance-sheet total rises from 65.7% to 72.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,356▲
2023 · €1,466
Cash flow
€14,039▲
2023 · -€791
Debt to equity
2.58▲
2023 · 1.92
ROE
-0.4%▲
2023 · -12.5%
Interest coverage
16.90▲
2023 · 1.74
Debt ≤ 1 year
€320,665▲
2023 · €239,452
Income taxes
€1,820▲
2023 · €1,432
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 2,450 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 | - | - | - | €1,216 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,703 | €6,192 | €7,455 | €14,867 | €14,595 | ▼ 1.8% |
| Other operating charges640/8 | - | €941 | €373 | €3,773 | €785 | ▼ 79.2% |
| Gross operating margin9900 | €35,166 | €35,184 | -€856 | €5,239 | €16,142 | ▲ 208% |
| Operating profit (loss)9901 | €21,956 | €28,052 | -€8,684 | -€13,401 | €761 | ▲ 106% |
| Financial income75/76B | - | €302 | €54 | €18 | €1,411 | ▲ 7,805% |
| Recurring financial income75 | €81 | €302 | €54 | €18 | €1,411 | ▲ 7,805% |
| Financial charges65/66B | - | €1,735 | €1,747 | €843 | €909 | ▲ 7.7% |
| Recurring financial charges65 | €1,155 | €1,735 | €1,747 | €843 | €909 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | €20,883 | €26,619 | -€10,377 | -€14,226 | €1,263 | ▲ 109% |
| Transfer from deferred taxes780 | - | €63,449 | - | - | - | - |
| Income taxes67/77 | €2,454 | €79,803 | €6,580 | €1,432 | €1,820 | ▲ 27.1% |
| Profit (loss) for the period9904 | €18,429 | €10,264 | -€16,957 | -€15,658 | -€557 | ▲ 96.4% |
| Transfer from tax-exempt reserves789 | - | €188,550 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €18,429 | €198,814 | -€16,957 | -€15,658 | -€557 | ▲ 96.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €615,914 | €280,070 | €404,052 | €364,488 | €445,145 | ▲ 22.1% |
| Fixed assets21/28 | €34,488 | €35,272 | €65,592 | €66,391 | €55,451 | ▼ 16.5% |
| Tangible fixed assets22/27 | €14,193 | €14,977 | €45,297 | €46,096 | €35,156 | ▼ 23.7% |
| Plant, machinery and equipment23 | - | €6,566 | €40,684 | €45,286 | €35,156 | ▼ 22.4% |
| Furniture and vehicles24 | - | €8,411 | €4,613 | €810 | - | - |
| Financial fixed assets28 | €20,295 | €20,295 | €20,295 | €20,295 | €20,295 | = |
| Current assets29/58 | €581,425 | €244,798 | €338,461 | €298,097 | €389,693 | ▲ 30.7% |
| Amounts receivable after more than one year29 | - | €219,946 | €200,843 | €170,343 | €170,343 | = |
| Other amounts receivable291 | - | €219,946 | €200,843 | €170,343 | €170,343 | = |
| Amounts receivable within one year40/41 | €311,047 | €11,673 | €79,811 | €94,952 | €167,121 | ▲ 76.0% |
| Trade receivables40 | - | €4,140 | €23,276 | €71,132 | €89,919 | ▲ 26.4% |
| Other amounts receivable41 | - | €7,533 | €56,534 | €23,820 | €77,203 | ▲ 224% |
| Current investments50/53 | €133,395 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €13,179 | €57,807 | €32,803 | €52,229 | ▲ 59.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €615,914 | €280,070 | €404,052 | €364,488 | €445,145 | ▲ 22.1% |
| Equity10/15 | €147,387 | €157,651 | €140,694 | €125,037 | €124,480 | ▼ 0.4% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €236,422 | €139,650 | €139,650 | €139,650 | €139,650 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | €137,650 | €137,650 | €139,650 | €139,650 | = |
| Profit (loss) carried forward14 | -€109,035 | -€1,999 | -€18,956 | -€34,613 | -€35,170 | ▼ 1.6% |
| Provisions and deferred taxes16 | €63,449 | - | - | - | - | - |
| Amounts payable17/49 | €405,078 | €122,419 | €263,358 | €239,452 | €320,665 | ▲ 33.9% |
| Amounts payable within one year42/48 | €368,538 | €122,419 | €263,358 | €239,452 | €320,665 | ▲ 33.9% |
| Current portion of amounts payable after more than one year42 | - | €15,287 | - | - | - | - |
| Trade debts44 | €311,925 | €22,425 | €257,024 | €220,050 | €292,156 | ▲ 32.8% |
| Suppliers440/4 | - | €22,425 | €257,024 | €220,050 | €292,156 | ▲ 32.8% |
| Taxes, remuneration and social security45 | - | €84,707 | €6,334 | €5,718 | €13,695 | ▲ 139% |
| Taxes450/3 | - | €84,707 | €6,334 | €5,718 | €13,695 | ▲ 139% |
| Other amounts payable47/48 | - | - | - | €13,683 | €14,814 | ▲ 8.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,429 | €10,264 | -€16,957 | -€15,658 | -€557 | ▲ 96.4% |
| + Depreciation and write-downs630 | €5,703 | €6,192 | €7,455 | €14,867 | €14,595 | ▼ 1.8% |
| Operating cash flow (approximation) | €24,132 | €16,456 | -€9,502 | -€791 | €14,039 | ▲ 1,875% |
| Investment in fixed assets (approximation) | - | -€6,975 | -€37,775 | -€15,666 | -€3,656 | ▲ 76.7% |
| Change in cash | - | - | €44,629 | -€25,004 | €19,426 | ▲ 178% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet -€16,957
Net result drops to -€16,957, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
31-12
Financial
Equity above €150,000Eq €157,651 ▲7%
2 profitable years in a row build equity to €157,651.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
31-12
Financial
Back to profitnet €18,429
Net result €18,429 after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 50 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB 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, Rumst · 1 establishment unit since 1995
Ground area
607 m²
Building footprint
177 m²
Volume, LiDAR
1,137 m³
Parcel 11037A0001/00A002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Maalderijstraat 5, 2840 Rumst
since 19952.074.340.347
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11037A0001/00A002 | Flanders | 607 m² | 1 · 177 m² | 9.3 m · 2 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 6,146 companies in sector 46190 we hold annual accounts for 2,577. 1,957 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
Founded25-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456339072
Also
9925:BE0456339072
Registered
31-12-2025
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.