FENBO
ActiveSummary
FENBO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.15M and a net result of €368k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 34% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-6
Solvency59▼-22
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 0.86 in 2024; short-term debt: 18.6% and cash: 2.2% of total assets), but 65.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
34.1%
Return on assets
5.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
59 d early
2023
58 d early
2022
15 d early
2021
2 d early
2020
13 d early
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.15M▼ 0.5%
2024 · €2.16M
2019: €1.85Mlowest value
2021: €2.23Mhighest value
2022: €2.18M▼ -2.6% vs 2021
2023: €2.17M▼ -0.5% vs 2022
2024: €2.16M▼ -0.5% vs 2023
2025: €2.15M▼ -0.5% vs 2024
2019 → 2025
Total assets
€6.30M▲ 62.4%
2024 · €3.88M
2019: €4.69M
2021: €3.58Mlowest value
2022: €4.40M▲ +22.8% vs 2021
2023: €4.21M▼ -4.4% vs 2022
2024: €3.88M▼ -7.8% vs 2023
2025: €6.30M▲ +62.4% vs 2024highest value
2019 → 2025
Net result
€368k▼ 9.4%
2024 · €406k
2019: €642khighest value
2021: €273klowest value
2022: €333k▲ +22.0% vs 2021
2023: €497k▲ +49.3% vs 2022
2024: €406k▼ -18.4% vs 2023
2025: €368k▼ -9.4% vs 2024
2019 → 2025
Working capital
€2.30M
2024 · €-146k
2019: €108k
2021: €39k
2022: €814k▲ +1973% vs 2021
2023: €611k▼ -24.9% vs 2022
2024: €-146k▼ -124% vs 2023lowest value
2025: €2.30M▲ +1672% vs 2024highest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.23M-€2.18M▼ 2.6%€2.17M▼ 0.5%€2.16M▼ 0.5%€2.15M▼ 0.5%
2021: €2.23Mhighest in 5 years
2022: €2.18M▼ -2.6% vs 2021
2023: €2.17M▼ -0.5% vs 2022
2024: €2.16M▼ -0.5% vs 2023
2025: €2.15M▼ -0.5% vs 2024lowest in 5 years
Operating result€416k-€474k▲ 14.0%€704k▲ 48.6%€573k▼ 18.6%€517k▼ 9.8%
2021: €416klowest in 5 years
2022: €474k▲ +14.0% vs 2021
2023: €704k▲ +48.6% vs 2022highest in 5 years
2024: €573k▼ -18.6% vs 2023
2025: €517k▼ -9.8% vs 2024
Net result€273k-€333k▲ 22.0%€497k▲ 49.3%€406k▼ 18.4%€368k▼ 9.4%
2021: €273klowest in 5 years
2022: €333k▲ +22.0% vs 2021
2023: €497k▲ +49.3% vs 2022highest in 5 years
2024: €406k▼ -18.4% vs 2023
2025: €368k▼ -9.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.30M
Fixed assets
€2.83M ▼ 5.8%
Current assets
€3.47M ▲ 296%
Equity and liabilities €6.30M
Equity
€2.15M ▼ 0.5%
Provisions
€144k ▼ 7.4%
Debt
€4.01M ▲ 156%
Debt's share of the balance-sheet total rises from 40.4% to 63.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€692k▼
2024 · €716k
Cash flow
€543k▼
2024 · €549k
Current ratio
2.96▲
2024 · 0.86
Debt to equity
1.87▲
2024 · 0.73
ROE
17.1%▼
2024 · 18.8%
ROA
5.8%▼
2024 · 10.5%
Interest coverage
14.27▼
2024 · 22.43
Debt ≤ 1 year
€1.17M▲
2024 · €1.02M
Debt > 1 year
€2.81M▲
2024 · €505k
Income taxes
€134k▼
2024 · €150k
Staff costs
€0▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.88M€6.30M▲
Fixed assets21/28€3.00M€2.83M▼
Tangible fixed assets22/27€3.00M€2.83M▼
Land and buildings22€1.36M€1.32M▼
Plant, machinery and equipment23€861k€744k▼
Leasing and similar rights25€780k€767k▼
Financial fixed assets28€0-
Current assets29/58€878k€3.47M▲
Amounts receivable after more than one year29-€2.43M
Other amounts receivable291-€2.43M
Amounts receivable within one year40/41€386k€160k▼
Trade receivables40€135k€119k▼
Other amounts receivable41€251k€41k▼
Current investments50/53€359k€726k▲
Cash at bank and in hand54/58€104k€141k▲
Deferred charges and accrued income490/1€30k€18k▼
Equity and liabilities
Total equity and liabilities10/49€3.88M€6.30M▲
Equity10/15€2.16M€2.15M▼
Contributions10/11€309k€309k=
Capital10€309k€309k=
Issued capital100€309k€309k=
Reserves13€1.85M€1.84M▼
Non-distributable reserves130/1€441k€808k▲
Legal reserve130€31k€31k=
Own shares acquired1312€359k€726k▲
Other1319€51k€51k=
Tax-exempt reserves132€328k€307k▼
Distributable reserves133€1.08M€722k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€156k€144k▼
Provisions for liabilities and charges160/5€58k€54k▼
Major repairs and maintenance162€58k€54k▼
Deferred taxes168€97k€90k▼
Amounts payable17/49€1.57M€4.01M▲
Amounts payable after more than one year17€505k€2.81M▲
Financial debts170/4€505k€2.81M▲
Amounts payable within one year42/48€1.02M€1.17M▲
Current portion of amounts payable after more than one year42€280k€537k▲
Financial debts43€151k€88k▼
Credit institutions430/8€151k€88k▼
Trade debts44€39k€31k▼
Suppliers440/4€39k€31k▼
Taxes, remuneration and social security45€16k€19k▲
Taxes450/3€16k€19k▲
Other amounts payable47/48€540k€496k▼
Accrued charges and deferred income492/3€39k€32k▼
Income statement
Code20242025
Remuneration, social security and pensions62€10k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€175k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-8k€-4k▲
Other operating charges640/8€79k€92k▲
Gross operating margin9900€796k€780k▼
Operating profit (loss)9901€573k€517k▼
Financial income75/76B€7k€26k▲
Recurring financial income75€7k€26k▲
Financial charges65/66B€32k€49k▲
Recurring financial charges65€32k€49k▲
Profit (loss) for the period before taxes9903€549k€494k▼
Transfer from deferred taxes780€7k€7k=
Income taxes67/77€150k€134k▼
Profit (loss) for the period9904€406k€368k▼
Transfer from tax-exempt reserves789€22k€22k=
Profit (loss) for the period to be appropriated9905€428k€390k▼
Appropriation of the result
Profit (loss) to be appropriated9906€428k€390k▼
Transfer to equity691/2€11k€11k▲
To other reserves6921€11k€11k▲
Profit to be distributed694/7€416k€378k▼
Return on contributions (dividend)694€416k€378k▼
Social balance
Average headcount (FTE)90871.00.0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4k | €4k | €10k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €257k | €179k | €110k | €143k | €175k | ▲ 22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-12k | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-19k | €-22k | €-8k | €-4k | ▲ 45.9% |
| Other operating charges640/8 | - | €71k | €75k | €79k | €92k | ▲ 16.3% |
| Gross operating margin9900 | €735k | €697k | €871k | €796k | €780k | ▼ 2.1% |
| Operating profit (loss)9901 | €416k | €474k | €704k | €573k | €517k | ▼ 9.8% |
| Financial income75/76B | - | €6k | €6k | €7k | €26k | ▲ 244% |
| Recurring financial income75 | €3k | €6k | €6k | €7k | €26k | ▲ 244% |
| Financial charges65/66B | - | €28k | €37k | €32k | €49k | ▲ 52.0% |
| Recurring financial charges65 | €45k | €28k | €37k | €32k | €49k | ▲ 52.0% |
| Profit (loss) for the period before taxes9903 | €374k | €451k | €673k | €549k | €494k | ▼ 9.9% |
| Transfer from deferred taxes780 | - | €17k | €7k | €7k | €7k | = |
| Income taxes67/77 | €128k | €135k | €183k | €150k | €134k | ▼ 10.7% |
| Profit (loss) for the period9904 | €273k | €333k | €497k | €406k | €368k | ▼ 9.4% |
| Transfer from tax-exempt reserves789 | - | €52k | €22k | €22k | €22k | = |
| Profit (loss) for the period to be appropriated9905 | €354k | €385k | €519k | €428k | €390k | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.58M | €4.40M | €4.21M | €3.88M | €6.30M | ▲ 62.4% |
| Fixed assets21/28 | €2.84M | €2.67M | €2.56M | €3.00M | €2.83M | ▼ 5.8% |
| Tangible fixed assets22/27 | €2.84M | €2.67M | €2.56M | €3.00M | €2.83M | ▼ 5.8% |
| Land and buildings22 | - | €1.25M | €1.23M | €1.36M | €1.32M | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €613k | €536k | €861k | €744k | ▼ 13.6% |
| Leasing and similar rights25 | - | €808k | €793k | €780k | €767k | ▼ 1.7% |
| Financial fixed assets28 | €10 | €10 | €10 | €0 | - | - |
| Current assets29/58 | €745k | €1.73M | €1.65M | €878k | €3.47M | ▲ 296% |
| Amounts receivable after more than one year29 | - | - | - | - | €2.43M | - |
| Other amounts receivable291 | - | - | - | - | €2.43M | - |
| Amounts receivable within one year40/41 | €185k | €1.05M | €697k | €386k | €160k | ▼ 58.6% |
| Trade receivables40 | - | €126k | €113k | €135k | €119k | ▼ 11.8% |
| Other amounts receivable41 | - | €920k | €583k | €251k | €41k | ▼ 83.8% |
| Current investments50/53 | €359k | €359k | €359k | €359k | €726k | ▲ 102% |
| Cash at bank and in hand54/58 | €200k | €321k | €586k | €104k | €141k | ▲ 36.1% |
| Deferred charges and accrued income490/1 | - | €5k | €5k | €30k | €18k | ▼ 40.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.58M | €4.40M | €4.21M | €3.88M | €6.30M | ▲ 62.4% |
| Equity10/15 | €2.23M | €2.18M | €2.17M | €2.16M | €2.15M | ▼ 0.5% |
| Contributions10/11 | €309k | €309k | €309k | €309k | €309k | = |
| Capital10 | - | €309k | €309k | €309k | €309k | = |
| Issued capital100 | - | €309k | €309k | €309k | €309k | = |
| Reserves13 | €1.92M | €1.87M | €1.86M | €1.85M | €1.84M | ▼ 0.6% |
| Non-distributable reserves130/1 | - | €441k | €441k | €441k | €808k | ▲ 83.3% |
| Legal reserve130 | - | €31k | €31k | €31k | €31k | = |
| Own shares acquired1312 | - | €359k | €359k | €359k | €726k | ▲ 102% |
| Other1319 | - | €51k | €51k | €51k | €51k | = |
| Tax-exempt reserves132 | - | €372k | €350k | €328k | €307k | ▼ 6.6% |
| Distributable reserves133 | - | €1.05M | €1.07M | €1.08M | €722k | ▼ 33.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €237k | €201k | €171k | €156k | €144k | ▼ 7.4% |
| Provisions for liabilities and charges160/5 | - | €89k | €66k | €58k | €54k | ▼ 7.3% |
| Pensions and similar obligations160 | - | €0 | - | - | - | - |
| Major repairs and maintenance162 | - | €89k | €66k | €58k | €54k | ▼ 7.3% |
| Deferred taxes168 | - | €112k | €105k | €97k | €90k | ▼ 7.4% |
| Amounts payable17/49 | €1.11M | €2.02M | €1.87M | €1.57M | €4.01M | ▲ 156% |
| Amounts payable after more than one year17 | €361k | €1.06M | €785k | €505k | €2.81M | ▲ 456% |
| Financial debts170/4 | - | €1.06M | €785k | €505k | €2.81M | ▲ 456% |
| Amounts payable within one year42/48 | €706k | €916k | €1.04M | €1.02M | €1.17M | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | - | €300k | €276k | €280k | €537k | ▲ 91.9% |
| Financial debts43 | - | €100k | €0 | €151k | €88k | ▼ 41.5% |
| Credit institutions430/8 | - | €100k | €0 | €151k | €88k | ▼ 41.5% |
| Trade debts44 | €12k | €16k | €59k | €39k | €31k | ▼ 19.6% |
| Suppliers440/4 | - | €16k | €59k | €39k | €31k | ▼ 19.6% |
| Taxes, remuneration and social security45 | - | €29k | €70k | €16k | €19k | ▲ 23.5% |
| Taxes450/3 | - | €29k | €70k | €16k | €19k | ▲ 23.5% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €472k | €631k | €540k | €496k | ▼ 8.0% |
| Accrued charges and deferred income492/3 | - | €48k | €51k | €39k | €32k | ▼ 17.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €273k | €333k | €497k | €406k | €368k | ▼ 9.4% |
| + Depreciation and write-downs630 | €257k | €179k | €110k | €143k | €175k | ▲ 22.9% |
| Operating cash flow (approximation) | €530k | €512k | €607k | €549k | €543k | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €-11k | €0 | €-583k | €0 | ▲ 100% |
| Change in cash | - | €121k | €265k | €-483k | €37k | ▲ 108% |
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
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Liquidity triplescurrent ratio 2.96
Current ratio from 0.86 to 2.96.
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €273k ▼57.5%
Net result drops to €273k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €2MEq €2.23M ▲20.7%
2 profitable years in a row build equity to €2.23M.
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 27 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Kuurne · 1 establishment unit since 2004
Ground area
3.4 ha
Building footprint
1.7 ha
Volume, LiDAR
1,397 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
FENBO
since 20042.219.312.092
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0017/00S000 | Flanders | 3.2 ha | 1 · 1.7 ha | - |
| 34023B0487/00H000 | Flanders | 2,156 m² | 1 · 250 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 19,340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-10-1989
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.