FEMO
ActiveSummary
FEMO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€180,224. Equity is growing by about 3% per year across the filed financial years. Its solvency ranks better than 39% of 5,761 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €1.6m
- Loss
- -€180,224
- Parent
- FEYS ESTATE · 100%
- Gerdy FEYSChair
- Feys EstateManaging director · permanent representative Filip FEYS
Why 88raises riskLatest accounts 31 days late; 2 of the last 3 lateLiquidity: current ratio 1.89, cash €75,272lowers riskSize: total assets €6.0mFigures for financial year 2025 (filed 31-08-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 46% on solvency, 19% on liquidity, 22% on profitability and 22% on growth.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 5 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€180,224
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00478641.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €31,961 after €127,474 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96.4% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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% | 1.8% |
| 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 74.5% 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 2,507 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €2.3m | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.02m | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.01m | €0.006m | €0.03m | €0.02m | ▼ 45.5% |
| Gross operating margin9900 | €0.1m | €0.3m | €0.1m | €0.1m | €0.3m | €0.3m | €0.2m | -€0.01m | - |
| Operating profit (loss)9901 | €0.1m | €0.3m | €0.1m | €0.1m | €0.3m | €0.3m | €0.1m | -€0.03m | - |
| Financial income75/76B | - | - | - | - | - | - | €0.006m | €0.009m | ▲ 45.3% |
| Recurring financial income75 | - | €0 | €159 | - | - | - | €0.006m | €0.009m | ▲ 45.3% |
| Financial charges65/66B | - | - | - | €0.07m | €0.05m | €0.2m | €0.2m | €0.2m | ▼ 21.7% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.03m | €0.07m | €0.05m | €0.2m | €0.2m | €0.2m | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.2m | €0.08m | €0.05m | €0.2m | €0.1m | -€0.08m | -€0.2m | ▼ 131% |
| Income taxes67/77 | €0.02m | €0.07m | €0.02m | €0.01m | €0.03m | €0.04m | €302 | -€0.01m | - |
| Profit (loss) for the period9904 | €0.04m | €0.2m | €0.06m | €0.04m | €0.2m | €0.06m | -€0.08m | -€0.2m | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.2m | €0.06m | €0.04m | €0.2m | €0.06m | -€0.08m | -€0.2m | ▼ 115% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.0m | €4.5m | €4.6m | €5.4m | €6.7m | €6.6m | €5.9m | €6.0m | ▲ 1.3% |
| Fixed assets21/28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tangible fixed assets22/27 | - | - | - | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €0 | - | - | - | - |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Current assets29/58 | €4.0m | €4.5m | €4.6m | €5.4m | €6.7m | €6.6m | €5.9m | €6.0m | ▲ 1.3% |
| Stocks and contracts in progress3 | €3.9m | €3.6m | €3.6m | €5.0m | €5.3m | €5.5m | €5.0m | €5.1m | ▲ 1.3% |
| Stocks30/36 | - | - | - | €5.0m | €5.3m | €5.5m | €5.0m | €5.1m | ▲ 1.3% |
| Amounts receivable within one year40/41 | €0.09m | €0.3m | €0.2m | €0.3m | €0.7m | €0.4m | €0.8m | €0.8m | ▲ 4.8% |
| Trade receivables40 | - | - | - | €0.04m | - | - | - | €0.002m | - |
| Other amounts receivable41 | - | - | - | €0.2m | €0.7m | €0.4m | €0.8m | €0.8m | ▲ 4.5% |
| Cash at bank and in hand54/58 | €0.04m | €0.6m | €0.8m | €0.2m | €0.7m | €0.6m | €0.1m | €0.08m | ▼ 26.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.0m | €4.5m | €4.6m | €5.4m | €6.7m | €6.6m | €5.9m | €6.0m | ▲ 1.3% |
| Equity10/15 | €1.4m | €1.6m | €1.6m | €1.7m | €1.8m | €1.8m | €1.7m | €1.6m | ▼ 10.3% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.4m | €1.5m | €1.6m | €1.6m | €1.7m | €1.8m | €1.8m | €1.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €1.6m | €1.7m | €1.8m | €1.8m | €1.8m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | -€0.08m | -€0.3m | ▼ 215% |
| Amounts payable17/49 | €2.6m | €2.9m | €3.0m | €3.7m | €4.9m | €4.7m | €4.1m | €4.4m | ▲ 6.2% |
| Amounts payable after more than one year17 | - | €1.5m | €1.5m | €1.5m | €2.5m | €1.1m | €1.6m | €1.3m | ▼ 23.5% |
| Financial debts170/4 | - | - | - | €1.5m | €2.5m | €1.1m | €1.6m | €1.3m | ▼ 23.5% |
| Amounts payable within one year42/48 | €2.6m | €1.4m | €1.5m | €2.2m | €2.4m | €3.6m | €2.5m | €3.1m | ▲ 25.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €1.0m | €0 | - | - |
| Financial debts43 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 1.0% |
| Credit institutions430/8 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 1.0% |
| Trade debts44 | €315 | €0.002m | €0.02m | €0.07m | €0.006m | €0.03m | €0 | €0.002m | - |
| Suppliers440/4 | - | - | - | €0.07m | €0.006m | €0.03m | €0 | €0.002m | - |
| Advances received on contracts in progress46 | - | - | - | €0.001m | €0.001m | €0.001m | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €1.3m | €1.6m | €1.8m | €1.7m | €2.3m | ▲ 38.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,829 | €157,344 | €56,794 | €36,177 | €176,436 | €55,953 | -€83,683 | -€180,224 | ▼ 115% |
| Operating cash flow (approximation) | €43,829 | €157,344 | €56,794 | €36,177 | €176,436 | €55,953 | -€83,683 | -€180,224 | ▼ 115% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €571,813 | €206,036 | -€649,258 | €568,105 | -€108,632 | -€523,913 | -€26,515 | ▲ 94.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00478641 |
| 31-12-2024 | abbreviated format | 11-09-2025 | 2025-00489087 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00428039 |
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00229507 |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20156381 |
| 31-12-2020 | abbreviated format | 11-07-2021 | 2021-34000461 |
| 31-12-2019 | abbreviated format | 23-07-2020 | 2020-32900472 |
| 31-12-2018 | abbreviated format | 01-08-2019 | 2019-42500497 |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-34300462 |
| 31-12-2016 | abbreviated format | 17-08-2017 | 2017-44300508 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Feys Estate |
|
| Gerdy FEYS |
|
| Filip FEYS |
|
Owners and capital
Owners
1 ownerChain of control
- FEYS ESTATE
- FEMO
Highest known parent: FEYS ESTATE. The sources do not say who stands above it.
Owners 1
- FEYS ESTATEparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 13-12-2023 Capital stated in the deed · €61,973.38 · 2,500 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-12
Gazette deed
Resignation: Filip FEYS (director)Reappointments: Gerdy FEYS (director) and FEYS ESTATE (director) · Permanent representative: Filip FEYS · Appointments: Gerdy FEYS (managing director) and FEYS ESTATE (managing director)15 facts ▸
- General meeting, “eenparigheid van stemmen” (deed in Dutch)
- Amendment of the articles (3 times)
- Amendment of the articles, 11
- Purpose change
- Capital, €61,973.38
- Director resignation, Filip FEYS (director)
- Director discharge, Filip FEYS
- Director reappointment, Gerdy FEYS (director)
- Director reappointment, FEYS ESTATE (director)
- Permanent representative, Filip FEYS
- Board meeting, “eenparigheid van stemmen, aldus benoemde bestuurders” (deed in Dutch)
- Director appointment, Gerdy FEYS (managing director)
- +3 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44081B0620/00K000 | Flanders | 3,910 m² | 1 · 348 m² | 9.1 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FEMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit bestuursorgaan,administratieve zetels,agentschappen,ateliers,opslagplaatsen en bijhuizen oprichten of…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “3, 6 jaar” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandelen” (deed in Dutch)“Op naam, andere effecten dan aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of May at 10:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuursorgaan in functie als college van vereffenaars” (deed in Dutch)“Alle verrichtingen vermeld in de wet, tenzij algemene vergadering anders besluit bij gewone meerderheid” (deed in Dutch)