FEMA
ActiveFEMA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €504k and a net result of €49k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+9
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 17.03 against 14.39 in 2024), and 4.1% of the assets are financed with debt.
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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.9%
Return on assets
9.4%
Age of the figures
8 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
56 d early
2023
43 d early
2022
39 d early
2021
27 d early
2020
9 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€504k▲ 10.9%
2024 · €455k
2018: €206k
2019: €239k
2020: €250k
2021: €276k
2022: €344k
2023: €418k
2024: €455k
2018 → 2025
Total assets
€526k▲ 10.1%
2024 · €478k
2018: €318k
2019: €310k
2020: €313k
2021: €326k
2022: €376k
2023: €453k
2024: €478k
2018 → 2025
Net result
€49k▲ 35.2%
2024 · €37k
2018: €29k
2019: €33k
2020: €12k
2021: €25k
2022: €68k
2023: €75k
2024: €37k
2018 → 2025
Working capital
€335k▲ 21.3%
2024 · €277k
2018: €34k
2019: €40k
2020: €61k
2021: €68k
2022: €146k
2023: €231k
2024: €277k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€276k-€344k▲ 24.6%€418k▲ 21.7%€455k▲ 8.7%€504k▲ 10.9%
Operating result€38k-€95k▲ 152%€105k▲ 11.0%€52k▼ 50.1%€70k▲ 32.5%
Net result€25k-€68k▲ 166%€75k▲ 10.2%€37k▼ 51.1%€49k▲ 35.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €526k
Fixed assets
€170k▼ 6.0%
Current assets
€356k▲ 19.9%
Equity and liabilities €526k
Equity
€504k▲ 10.9%
Debt
€22k▼ 4.5%
The debt ratio falls from 4.8% to 4.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€80k▲
2024 · €64k
Cash flow
€60k▲
2024 · €48k
Solvency
95.9%▲
2024 · 95.2%
Current ratio
17.03▲
2024 · 14.39
Quick ratio
17.03▲
2024 · 14.39
Debt / equity
0.04▼
2024 · 0.05
ROE
9.8%▲
2024 · 8.0%
ROA
9.4%▲
2024 · 7.7%
Interest coverage
65.90▲
2024 · 35.42
Debt
€22k▼
2024 · €23k
Debt ≤ 1 year
€21k▲
2024 · €21k
Income taxes
€19k▲
2024 · €14k
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€478k€526k▲
Fixed assets21/28€180k€170k▼
Tangible fixed assets22/27€180k€170k▼
Land and buildings22€180k€170k▼
Financial fixed assets28€62€62=
Current assets29/58€297k€356k▲
Amounts receivable within one year40/41€98k€81k▼
Trade receivables40€90k€80k▼
Other amounts receivable41€8k€1k▼
Cash at bank and in hand54/58€197k€257k▲
Deferred charges and accrued income490/1€1k€19k▲
Equity and liabilities
Total equity and liabilities10/49€478k€526k▲
Equity10/15€455k€504k▲
Contributions10/11€72k€72k=
Reserves13€383k€433k▲
Tax-exempt reserves132€115€115=
Distributable reserves133€383k€432k▲
Amounts payable17/49€23k€22k▼
Amounts payable within one year42/48€21k€21k▲
Trade debts44-€150
Suppliers440/4-€150
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€17k€15k▼
Accrued charges and deferred income492/3€2k€790▼
Income statement
Code20242025
Remuneration, social security and pensions62€27k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€92k€82k▼
Operating profit (loss)9901€52k€70k▲
Financial income75/76B€0€18▲
Recurring financial income75€0€18▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€51k€68k▲
Income taxes67/77€14k€19k▲
Profit (loss) for the period9904€37k€49k▲
Profit (loss) for the period to be appropriated9905€37k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€49k▲
Transfer to equity691/2€37k€49k▲
To other reserves6921€37k€49k▲
The notes to these accounts (5 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
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €504k ▲10.9%
8 profitable years in a row build equity to €504k.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €75k ▲10.2%
Operating result €105k, net result €75k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.57
Current ratio from 2.36 to 5.57; short-term debt falls from €50k to €32k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €12k ▼64.2%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ath · 2 establishment units since 2000
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.
Chemin d'Oeudeghien(Mai) 737812 AthGround area
1.1 ha
Building footprint
4,886 m²
Volume, LiDAR
69,295 m³
2 parcels, Flanders, Wallonia · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
FEMA
since 20002.115.829.227
FEMA
since 20142.229.772.751
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026B0101/00S000 | Flanders | 9,749 m² | 1 · 4,538 m² | 19.0 m · 6 fl. |
| 51041A0176/00K000 | Wallonia | 1,541 m² | 1 · 347 m² | - |
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, comparable size
ROI DU JAMBON
BE 0441.579.038
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STEAKAMANGER
BE 0629.747.853
Antwerpen · Eq €505k
DE LAUSNAY RENE
BE 0434.824.868
Destelbergen · Eq €503k
LINCA FOOD
BE 0699.979.417
Zottegem · Eq €502k
CHABOT VIANDES
BE 0463.886.860
Couvin · Eq €498k
Of 751 companies in sector 46321 we hold annual accounts for 548. 421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-1999
Fiscal year end31-12
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
51321
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.