FEMA BREWERIES
ActiveSummary
The computed 12-month bankruptcy probability of FEMA BREWERIES is 2.9% (moderate). The 2024 annual accounts show equity of €31k and a net result of €21k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 18936 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability98▼-2
Solvency62▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.18 in 2023; short-term debt: 63.4% and cash: 89% of total assets), and 63.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 · 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
36.6%
Return on assets
24.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
44 d late
2022
70 d late
2021
31 d late
2020
88 d late
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 43.0%
2023 · €36k
Working capital
€27k▲ 336%
2023 · €6k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1k▼ 68.5%€-18k€-20k▼ 11.3%€37k€23k▼ 37.6%
Net result€950▼ 73.0%€-18k€-20k▼ 10.3%€36k€21k▼ 43.0%
Equity€13k▲ 7.8%€-5k€-25k▼ 388%€11k€31k▲ 193%
Total assets€22k▲ 23.0%€13k▼ 40.4%€30k▲ 126%€44k▲ 49.8%€86k▲ 93.5%
Debt€9k▲ 56.1%€18k▲ 109%€55k▲ 201%€34k▼ 39.0%€54k▲ 61.8%
Working capital€8k▲ 37.7%€-10k€-30k▼ 196%€6k€27k▲ 336%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€5k =
Current assets
€81k ▲ 104%
Equity and liabilities €86k
Equity
€31k ▲ 193%
Debt
€54k ▲ 61.8%
Debt's share of the balance-sheet total falls from 75.8% to 63.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.49▲
2023 · 1.18
Quick ratio
1.48▲
2023 · 1.17
Debt to equity
1.73▼
2023 · 3.14
ROE
65.8%▼
2023 · 338.2%
ROA
24.1%▼
2023 · 81.8%
Debt ≤ 1 year
€54k▲
2023 · €34k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €75 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €220 | €220 | €220 | - | - |
| Other operating charges640/8 | - | €2k | €2k | €3k | €4k | ▲ 29.4% |
| Non-recurring operating charges66A | - | €2k | €550 | - | - | - |
| Gross operating margin9900 | €6k | €-14k | €-17k | €41k | €28k | ▼ 32.3% |
| Operating profit (loss)9901 | €1k | €-18k | €-20k | €37k | €23k | ▼ 37.6% |
| Financial income75/76B | - | €0 | - | - | €1 | - |
| Recurring financial income75 | - | €0 | - | - | €1 | - |
| Financial charges65/66B | - | €766 | €670 | €971 | €976 | ▲ 0.5% |
| Recurring financial charges65 | €385 | €766 | €670 | €971 | €976 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €950 | €-18k | €-20k | €36k | €22k | ▼ 38.6% |
| Income taxes67/77 | - | €6 | - | - | €2k | - |
| Profit (loss) for the period9904 | €950 | €-18k | €-20k | €36k | €21k | ▼ 43.0% |
| Profit (loss) for the period to be appropriated9905 | €950 | €-18k | €-20k | €36k | €21k | ▼ 43.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22k | €13k | €30k | €44k | €86k | ▲ 93.5% |
| Fixed assets21/28 | €5k | €5k | €5k | €5k | €5k | = |
| Tangible fixed assets22/27 | €660 | €440 | €220 | - | - | - |
| Plant, machinery and equipment23 | - | €440 | €220 | - | - | - |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €17k | €8k | €25k | €40k | €81k | ▲ 104% |
| Stocks and contracts in progress3 | - | €510 | €510 | €510 | €510 | = |
| Stocks30/36 | - | €510 | €510 | €510 | €510 | = |
| Amounts receivable within one year40/41 | €11k | €4k | €5k | €12k | €4k | ▼ 67.7% |
| Trade receivables40 | - | €1k | €2k | €9k | €4k | ▼ 60.7% |
| Other amounts receivable41 | - | €3k | €3k | €2k | €81 | ▼ 96.4% |
| Cash at bank and in hand54/58 | €5k | €4k | €19k | €27k | €76k | ▲ 180% |
| Deferred charges and accrued income490/1 | - | €42 | €43 | €342 | €607 | ▲ 77.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22k | €13k | €30k | €44k | €86k | ▲ 93.5% |
| Equity10/15 | €13k | €-5k | €-25k | €11k | €31k | ▲ 193% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Other1109/19 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-5k | €-24k | €-44k | €-8k | €13k | ▲ 261% |
| Amounts payable17/49 | €9k | €18k | €55k | €34k | €54k | ▲ 61.8% |
| Amounts payable within one year42/48 | €9k | €18k | €55k | €34k | €54k | ▲ 61.8% |
| Trade debts44 | €4k | €3k | €12k | €15k | €8k | ▼ 50.5% |
| Suppliers440/4 | - | €3k | €12k | €15k | €8k | ▼ 50.5% |
| Taxes, remuneration and social security45 | - | €2k | €11k | €17k | €23k | ▲ 32.3% |
| Taxes450/3 | - | €2k | €8k | €14k | €21k | ▲ 46.9% |
| Remuneration and social security454/9 | - | €400 | €3k | €3k | €2k | ▼ 42.4% |
| Other amounts payable47/48 | - | €13k | €32k | €727 | €24k | ▲ 3,160% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €950 | €-18k | €-20k | €36k | €21k | ▼ 43.0% |
| + Depreciation and write-downs630 | €1k | €220 | €220 | €220 | - | - |
| Operating cash flow (approximation) | €2k | €-18k | €-20k | €36k | €21k | ▼ 43.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-2k | €16k | €8k | €49k | ▲ 514% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.18
Current ratio from 0.45 to 1.18; short-term debt falls from €55k to €34k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2010
Ground area
79 m²
Building footprint
59 m²
Volume, LiDAR
691 m³
Parcel 21013B0116/00W005, Brussels · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LUSITANO BAR
since 20102.192.335.996
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0116/00W005 | Brussels | 79 m² | 1 · 58 m² | 14.1 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.192.335.996
Similar companies · same sector, comparable size
LA PETITE PIERRE
BE 0766.616.833
Schaarbeek · Eq €31,299
LE PIVERT
BE 0474.077.305
Liège · Eq €31,340
FAW
BE 0744.714.035
Lille · Eq €31,268
Yellowgreen
BE 0667.565.381
Ukkel · Eq €31,367
Brasserie Anisa
BE 0788.815.282
Brussel · Eq €31,256
Of 14,006 companies in sector 56301 we hold annual accounts for 4,888. 4,104 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
Founded31-08-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.