Equity
€2.1m ▼ 0.5%
FENBO paid out €378,075 in dividends. That is 103% of the 2025 profit.
FENBO
Lifetime
18 annual accounts with figures on one time axis, 34 filings since 1990peak €1.1m (2019)
€779,663▼ 2.1%
lowest -€47,656 (2006)
€367,826▼ 9.4%
peak €2.2m (2021)
€2.1m▼ 0.5%
€4.0m▲ 156%
peak 5.4 FTE (2008)
0 FTE▼ 100%
Board5 names since 2019
3 directorsPol BOUCKAERT and 2 others
Owners
89.73%FEBOU
Documentsfilings and deeds
05-01-202626 days before the deadline
2025abbreviated format
Staff from 1 FTE to 0 FTERegistered office moved from Waregem to Kuurne 23-061 director appointed, 2 resignations 26-03Dividend €378,075Debts from €1.6m to €4.0mCash from €103,635 to €141,091
Key points
from the 2025 annual accountsTurnover
≈ €1.2m estimated
The abbreviated format states no turnover.
Debts
€4.0m ▲ 156%
Debts rose by €2.4m in 2025.
Liquidity
2.96 was 0.86 in 2024
Short-term debts rose from €1.0m to €1.2m.
Filings
34 annual accounts since 1990
Three of the last ten came late. The 2016 accounts came latest: 27 days after the end of the period.
Position in the sector
€367,826
Higher net result than 88% of companies in head offices and management consultancy. Sector median €37,500 · 10,856 companies.
Checked score
91
Excellent
Financially stronger than 43% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025highest value
02-2026: 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 2.96, cash €141,091
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €6.3m
Calculation
The band follows from the bankruptcy probability. 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 70, small). It does better than 34% of them on solvency, 37% on liquidity, 71% on profitability and 28% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as FENBO has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of FENBO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for FENBO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.96 (0.86 in 2024), above the usual 1.5. Short-term debt is 18.6% and cash 2.2% of total assets. However, 65.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
59 days early
2023
58 days early
2022
15 days early
2021
2 days early
2020
13 days early
2019
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 5 January (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438582035
Registered office moved from Waregem to Kuurne
New registered office: Hulstsestraat 223, 8520 Kuurne · Previous registered office: Pontstraat 80, 8791 Waregem (Beveren-Leie) · Reappointments: Pol BOUCKAERT (managing director) and Rik BOUCKAERT (managing director) · General meeting of 03-06-2025 · Gazette deed
1 director appointed, 2 resignations
Resignations: Theo FENAUX and Franck FENAUX · Appointment: Jos BOUCKAERT · General meeting of 17-03-2025 · Gazette deed
4 directors reappointed
Bouckaert Pol (class A director), Bouckaert Rik (class A director), Fenaux Franck (class B director) and Fenaux Theo (class B director) · General meeting of 13-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FENBO Kuurne | €6.3m | €779,663 | 34.1% | 0 |
| PRORAM Poperinge | €5.8m | €795,776 | 53.2% | 0 |
| TEN STUIVENBERGE INVEST Waregem | €6.1m | €627,321 | 85.3% | 0 |
| BUMACOP Kortrijk | €7.7m | €744,152 | 96.8% | 0 |
| EGYPTE INVEST Beernem | €4.4m | €994,842 | 78.2% | 0 |
| R.H.K. Bouwteam Ostend | €6.4m | €714,911 | 39.5% | 0 |
| VAMASTINE Wervik | €4.3m | €751,598 | 62.8% | 0 |
These companies have the same main activity as FENBO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €4.3m and €7.7m, founded between 1982 and 2000.
Official details
Source: KBO- Status
- Active since 09-10-1989Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.219.312.0928791 Waregem, since 27-10-2004
- Financial year end
- 30 June
- Peppol
- Reachable since 14-10-2025
Annual accounts to 30-06-2025
- €6.3m▲ 62.4%
- Filing
- Filed on 05-01-2026, 26 days before the end of the filing period
Insights on FENBO
FENBO files the abbreviated format. That format states no turnover. The gross margin rose from €270,464 in 2006 to €779,663 in 2025.
FEBOU holds 89.73% of the shares. In June 2025, the Official Gazette published the appointment of Jos BOUCKAERT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FENBO
- What is the company number of FENBO?
- The company number of FENBO is 0438.582.035. The VAT number is the same number with BE in front: BE 0438.582.035.
- Where is FENBO based?
- The registered office is at Hulstsestraat 223, 8520 Kuurne.Company details
- What does FENBO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FENBO?
- FENBO is a public limited company (NV).
- When was FENBO founded?
- FENBO was founded on 09-10-1989.
- Is FENBO still active?
- Yes, FENBO is an active enterprise in the KBO register.
- How many employees does FENBO have?
- FENBO had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of FENBO?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €779,663 and 74 comparable companies (NACE 70200). It probably lies between €920,000 and €2.2m.
- Is FENBO profitable?
- In financial year 2025, FENBO made a profit of €367,826.
- Where can I find the annual accounts of FENBO?
- FENBO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FENBO due?
- FENBO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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