FELKAT
ActiveThe computed 12-month bankruptcy probability of FELKAT is 1.6% (moderate). The 2025 annual accounts show negative equity (€-232k) and a net result of €-35k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 18120 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
21
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 110.6% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-97.6%
Return on assets
-14.6%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-232k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
5 d early
2022
8 d late
2021
2 d early
2020
1 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-232k▼ 17.6%
2024 · €-197k
2019: €-112k
2020: €-162k
2021: €-217k
2022: €-269k
2023: €-155k
2024: €-197k
2019 → 2025
Total assets
€238k▼ 11.2%
2024 · €267k
2019: €870k
2020: €811k
2021: €738k
2022: €712k
2023: €333k
2024: €267k
2019 → 2025
Net result
€-35k▲ 17.4%
2024 · €-42k
2019: €-44k
2020: €-50k
2021: €-55k
2022: €-52k
2023: €114k
2024: €-42k
2019 → 2025
Working capital
€-258k▼ 2.9%
2024 · €-251k
2019: €-599k
2020: €-631k
2021: €-670k
2022: €-736k
2023: €-232k
2024: €-251k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-217k-€-269k▼ 23.8%€-155k▲ 42.3%€-197k▼ 27.1%€-232k▼ 17.6%
Operating result€-51k-€-49k▲ 4.6%€116k€-41k€-35k▲ 15.8%
Net result€-55k-€-52k▲ 6.1%€114k€-42k€-35k▲ 17.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2025 against €41k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€233k▼ 10.5%
Current assets
€4k▼ 36.6%
Key figures and ratios
EBITDA
€-7k▲
2024 · €-14k
Cash flow
€-7k▲
2024 · €-15k
Solvency
-97.6%▼
2024 · -73.7%
Current ratio
0.02▼
2024 · 0.03
Quick ratio
0.02▼
2024 · 0.03
Debt / equity
-2.02▲
2024 · -2.36
ROA
-14.6%▲
2024 · -15.7%
Interest coverage
-93.13▼
2024 · -15.42
Debt
€469k▲
2024 · €465k
Debt ≤ 1 year
€263k▲
2024 · €258k
Debt > 1 year
€207k=
2024 · €207k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€267k€238k▼
Fixed assets21/28€260k€233k▼
Tangible fixed assets22/27€260k€232k▼
Land and buildings22€246k€224k▼
Furniture and vehicles24€14k€9k▼
Financial fixed assets28€650€650=
Current assets29/58€7k€4k▼
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40-€1k
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€5k€748▼
Deferred charges and accrued income490/1€104€70▼
Equity and liabilities
Total equity and liabilities10/49€267k€238k▼
Equity10/15€-197k€-232k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-205k€-240k▼
Amounts payable17/49€465k€469k▲
Amounts payable after more than one year17€207k€207k=
Financial debts170/4€207k€207k=
Amounts payable within one year42/48€258k€263k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€88€60▼
Suppliers440/4€88€60▼
Other amounts payable47/48€253k€263k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k=
Other operating charges640/8€3k€4k▲
Gross operating margin9900€-11k€-3k▲
Operating profit (loss)9901€-41k€-35k▲
Financial income75/76B€8€0▼
Recurring financial income75€8€0▼
Financial charges65/66B€896€79▼
Recurring financial charges65€896€79▼
Profit (loss) for the period before taxes9903€-42k€-35k▲
Profit (loss) for the period9904€-42k€-35k▲
Profit (loss) for the period to be appropriated9905€-42k€-35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-225k€-240k▼
Profit (loss) brought forward from the previous period14P€-183k€-205k▼
Transfer from equity791/2€20k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €114k
Net result €114k after 4 loss-making years.
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-11-2025
Resigned as Director
Location & real-estate footprint
Registered office, Bredene · 2 establishment units since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Duinenstraat 198450 BredeneGround area
592 m²
Building footprint
378 m²
Volume, LiDAR
2,318 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BV FELKAT
since 20052.151.347.261
BV FELKAT
since 20252.379.856.396
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0428/00E000 | Flanders | 406 m² | 1 · 248 m² | 11.2 m · 2 fl. |
| 35302C0625/00V003 | Flanders | 186 m² | 1 · 130 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
't Bloemblaadje
BE 0549.988.416
Tielt
'T KASTEELTJE
BE 0471.659.827
Brugge
Aveve Burggraeve
BE 0444.432.323
Knokke-Heist
AVEVE WAREGEM
BE 0474.258.734
Waregem
AVEVE WARNEZ
BE 0447.512.864
Tielt
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 3,386 companies in sector 47761 we hold annual accounts for 1,156.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2005
Fiscal year end31-03
Activities, NACEBEL
47761Retail sale of flowers, plants, seeds and fertilisers
47559Retail sale of other household articles
52100Warehousing and storage
52740
74700
81220Other building cleaning and industrial cleaning
85599Other education
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.