Skip to content

FencePlus

Active
Private limited companyfounded 2017active for 9 yearsWelvaartstraat (HRT) 10, 2200 Herentals, BelgiumKBO/BCE: BE 0669.657.118
Summary

FencePlus has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370,423 and a net result of €91,235. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 86% of 9,701 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Non-specialised wholesale trade
NACE 46900
1 site
Size
€449,514total assets 2025
Equity
€370,423
Profit
€91,235
Turnover not published (abbreviated format)
Financial health
99 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
FENCE PARTNERS · 100%
Accounts 106 days early2 of 5 deeds read
Why 99raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 5.85, cash €352,945Equity €370,423 (82.4% of total assets)Figures for financial year 2025 (filed 19-01-2026)Show the evidence

Checked score

Score 2025
99 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 88% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Strong
Solvency 100+2
equity 82.4% of total assets
Liquidity 96+6
short-term debt 17.0% · cash 78.5%
Profitability 94=
return on assets 20.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,877 companies, NACE 46, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: 0.1%▲ +0.1 percentage points vs 12-2024 02-2025: < 0.1%▼ -0.1 percentage points 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%● unchanged 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 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%▲ +0.1 percentage points vs 12-2025highest value 02-2026: 0.1%● unchanged 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
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity ample (current ratio 5.85, compared with 3.84 in 2024, above the usual 1.5; short-term debt: 17% and cash: 78.5% of total assets), and 17.6% of the assets are financed with debt and provisions.
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 46, micro): better than 90% on solvency, 93% on liquidity, 87% on profitability and 83% on growth.

The bankruptcy probability was computed on 20-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 5.85, cash €352,945
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Equity €370,423 (82.4% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 19-01-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-01-2026, 106 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
106 days early
2024
121 days early
2023
146 days early
2022
47 days early
2021
136 days early
2020
44 days early
2019
58 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 94 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end21-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Registered office · Amendment of the…Name change · Registered-office move…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Among the best 15% on solvencysector median 43.2% · 9,701 companies 82.4% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by FENCE PARTNERSultimately: TELESCO 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €91,235 7 years View
  • Positive: Equity rose in 2025from €279,188 to €370,423 ▲ 32.7% View

By topic

Financials

Financial year
2025
Total assets
€449,514
Profit
€91,235
Solvency
82.4%
Total assets▲ 18.3%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2019
Next accounts
by 30-04-2027
  1. 24-07-2024Resignations: EL GOLFO, TUMBAOO and 3 others
  2. 06-12-2023Annual accounts filed
  3. 14-03-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Non-specialised wholesale tradeNACE 46900
Founded
17-01-2017
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.