FENDER
ActiveSummary
FENDER has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €791k and a net result of €173k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 82% 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
Profitability92▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 5.69 against 13.04 in 2024; short-term debt: 13.7% and cash: 25.7% of total assets), and 13.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
86.3%
Return on assets
18.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
63 d late
2022
21 d late
2021
10 d late
2020
4 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€791k▲ 14.5%
2024 · €690k
2018: €387klowest in 8 years
2019: €457k▲ +18.1% vs 2018
2020: €557k▲ +21.7% vs 2019
2021: €440k▼ -21.1% vs 2020
2022: €558k▲ +27.0% vs 2021
2023: €610k▲ +9.3% vs 2022
2024: €690k▲ +13.1% vs 2023
2025: €791k▲ +14.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€916k▲ 25.4%
2024 · €731k
2018: €608klowest in 8 years
2019: €648k▲ +6.6% vs 2018
2020: €709k▲ +9.4% vs 2019
2021: €805k▲ +13.5% vs 2020
2022: €633k▼ -21.3% vs 2021
2023: €705k▲ +11.3% vs 2022
2024: €731k▲ +3.7% vs 2023
2025: €916k▲ +25.4% vs 2024highest in 8 years
2018 → 2025
Net result
€173k▲ 30.7%
2024 · €133k
2018: €77k
2019: €70k▼ -8.9% vs 2018lowest in 8 years
2020: €99k▲ +42.0% vs 2019
2021: €101k▲ +1.4% vs 2020
2022: €119k▲ +17.8% vs 2021
2023: €127k▲ +6.5% vs 2022
2024: €133k▲ +4.9% vs 2023
2025: €173k▲ +30.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€590k▲ 21.6%
2024 · €485k
2018: €235k
2019: €254k▲ +8.0% vs 2018
2020: €347k▲ +36.5% vs 2019
2021: €224k▼ -35.5% vs 2020lowest in 8 years
2022: €327k▲ +46.0% vs 2021
2023: €401k▲ +22.8% vs 2022
2024: €485k▲ +20.9% vs 2023
2025: €590k▲ +21.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€440k-€558k▲ 27.0%€610k▲ 9.3%€690k▲ 13.1%€791k▲ 14.5%
2021: €440klowest in 5 years
2022: €558k▲ +27.0% vs 2021
2023: €610k▲ +9.3% vs 2022
2024: €690k▲ +13.1% vs 2023
2025: €791k▲ +14.5% vs 2024highest in 5 years
Operating result€146k-€180k▲ 23.0%€173k▼ 4.0%€184k▲ 6.6%€249k▲ 35.0%
2021: €146klowest in 5 years
2022: €180k▲ +23.0% vs 2021
2023: €173k▼ -4.0% vs 2022
2024: €184k▲ +6.6% vs 2023
2025: €249k▲ +35.0% vs 2024highest in 5 years
Net result€101k-€119k▲ 17.8%€127k▲ 6.5%€133k▲ 4.9%€173k▲ 30.7%
2021: €101klowest in 5 years
2022: €119k▲ +17.8% vs 2021
2023: €127k▲ +6.5% vs 2022
2024: €133k▲ +4.9% vs 2023
2025: €173k▲ +30.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €916k
Fixed assets
€201k ▼ 2.2%
Current assets
€715k ▲ 36.2%
Equity and liabilities €916k
Equity
€791k ▲ 14.5%
Debt
€126k ▲ 212%
Debt's share of the balance-sheet total rises from 5.5% to 13.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€258k▲
2024 · €207k
Cash flow
€183k▲
2024 · €156k
Current ratio
5.69▼
2024 · 13.04
Debt to equity
0.16▲
2024 · 0.06
ROE
21.9%▲
2024 · 19.2%
ROA
18.9%▲
2024 · 18.2%
Interest coverage
107.73▼
2024 · 109.39
Debt ≤ 1 year
€126k▲
2024 · €40k
Income taxes
€79k▲
2024 · €56k
Staff costs
€0▼
2024 · €117
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€731k€916k▲
Fixed assets21/28€206k€201k▼
Tangible fixed assets22/27€205k€201k▼
Land and buildings22€198k€192k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€4k€7k▲
Financial fixed assets28€372€372=
Current assets29/58€525k€715k▲
Amounts receivable after more than one year29€65k€65k=
Other amounts receivable291€65k€65k=
Amounts receivable within one year40/41€145k€134k▼
Trade receivables40€67k€35k▼
Other amounts receivable41€77k€99k▲
Current investments50/53€280k€280k=
Cash at bank and in hand54/58€34k€235k▲
Deferred charges and accrued income490/1€738€738=
Equity and liabilities
Total equity and liabilities10/49€731k€916k▲
Equity10/15€690k€791k▲
Contributions10/11€19k€19k=
Reserves13€672k€772k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€670k€770k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€40k€126k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€40k€126k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€35k€50k▲
Taxes450/3€35k€50k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0€73k▲
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Remuneration, social security and pensions62€117€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€10k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€211k€260k▲
Operating profit (loss)9901€184k€249k▲
Financial income75/76B€6k€6k▼
Recurring financial income75€6k€6k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€188k€252k▲
Income taxes67/77€56k€79k▲
Profit (loss) for the period9904€133k€173k▲
Profit (loss) for the period to be appropriated9905€133k€173k▲
Appropriation of the result
Profit (loss) to be appropriated9906€133k€173k▲
Transfer from equity791/2€53k€73k▲
Transfer to equity691/2€133k€173k▲
To other reserves6921€133k€173k▲
Profit to be distributed694/7€53k€73k▲
Return on contributions (dividend)694€53k€73k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €117 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €32k | €33k | €23k | €10k | ▼ 58.9% |
| Other operating charges640/8 | €4k | €5k | €5k | €3k | €2k | ▼ 41.4% |
| Gross operating margin9900 | €183k | €217k | €211k | €211k | €260k | ▲ 23.4% |
| Operating profit (loss)9901 | €146k | €180k | €173k | €184k | €249k | ▲ 35.0% |
| Financial income75/76B | €2k | €4k | €4k | €6k | €6k | ▼ 3.8% |
| Recurring financial income75 | €2k | €4k | €4k | €6k | €6k | ▼ 3.8% |
| Financial charges65/66B | €3k | €2k | €1k | €2k | €2k | ▲ 26.4% |
| Recurring financial charges65 | €3k | €2k | €1k | €2k | €2k | ▲ 26.4% |
| Profit (loss) for the period before taxes9903 | €146k | €182k | €176k | €188k | €252k | ▲ 33.9% |
| Income taxes67/77 | €45k | €63k | €49k | €56k | €79k | ▲ 41.4% |
| Profit (loss) for the period9904 | €101k | €119k | €127k | €133k | €173k | ▲ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €101k | €119k | €127k | €133k | €173k | ▲ 30.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €805k | €633k | €705k | €731k | €916k | ▲ 25.4% |
| Fixed assets21/28 | €290k | €260k | €229k | €206k | €201k | ▼ 2.2% |
| Tangible fixed assets22/27 | €290k | €260k | €229k | €205k | €201k | ▼ 2.2% |
| Land and buildings22 | €259k | €239k | €219k | €198k | €192k | ▼ 3.3% |
| Plant, machinery and equipment23 | €3k | €5k | €4k | €3k | €1k | ▼ 43.0% |
| Furniture and vehicles24 | €28k | €17k | €6k | €4k | €7k | ▲ 70.8% |
| Financial fixed assets28 | €372 | €372 | €372 | €372 | €372 | = |
| Current assets29/58 | €515k | €373k | €476k | €525k | €715k | ▲ 36.2% |
| Amounts receivable after more than one year29 | €363k | €65k | €65k | €65k | €65k | = |
| Other amounts receivable291 | €363k | €65k | €65k | €65k | €65k | = |
| Amounts receivable within one year40/41 | €59k | €142k | €131k | €145k | €134k | ▼ 7.3% |
| Trade receivables40 | €52k | €91k | €57k | €67k | €35k | ▼ 48.2% |
| Other amounts receivable41 | €7k | €51k | €74k | €77k | €99k | ▲ 28.5% |
| Current investments50/53 | - | - | €150k | €280k | €280k | = |
| Cash at bank and in hand54/58 | €86k | €165k | €130k | €34k | €235k | ▲ 583% |
| Deferred charges and accrued income490/1 | €6k | - | - | €738 | €738 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €805k | €633k | €705k | €731k | €916k | ▲ 25.4% |
| Equity10/15 | €440k | €558k | €610k | €690k | €791k | ▲ 14.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €421k | €540k | €592k | €672k | €772k | ▲ 14.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €419k | €538k | €590k | €670k | €770k | ▲ 15.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €365k | €75k | €94k | €40k | €126k | ▲ 212% |
| Amounts payable after more than one year17 | €74k | €29k | €20k | €0 | - | - |
| Financial debts170/4 | €74k | €29k | €20k | €0 | - | - |
| Amounts payable within one year42/48 | €291k | €46k | €75k | €40k | €126k | ▲ 212% |
| Current portion of amounts payable after more than one year42 | €26k | - | - | - | - | - |
| Trade debts44 | €2k | €413 | €16k | €6k | €2k | ▼ 58.5% |
| Suppliers440/4 | €2k | €413 | €16k | €6k | €2k | ▼ 58.5% |
| Taxes, remuneration and social security45 | €45k | €46k | €38k | €35k | €50k | ▲ 44.9% |
| Taxes450/3 | €45k | €32k | €32k | €35k | €50k | ▲ 44.9% |
| Remuneration and social security454/9 | - | €13k | €6k | €0 | - | - |
| Other amounts payable47/48 | €218k | - | €20k | €0 | €73k | - |
| Accrued charges and deferred income492/3 | €135 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101k | €119k | €127k | €133k | €173k | ▲ 30.7% |
| + Depreciation and write-downs630 | €33k | €32k | €33k | €23k | €10k | ▼ 58.9% |
| Operating cash flow (approximation) | €134k | €151k | €160k | €156k | €183k | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | €-3k | €-2k | €0 | €-5k | - |
| Change in cash | - | €79k | €-36k | €-95k | €201k | ▲ 311% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
12-08
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
2025
31-12
Financial
Highest result since 2018net €173k ▲30.7%
Operating result €249k, net result €173k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 13.04
Current ratio from 6.36 to 13.04; short-term debt falls from €75k to €40k.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 63 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Liquidity times 5current ratio 8.10
Current ratio from 1.77 to 8.10; short-term debt falls from €291k to €46k.
31-12
Financial
Equity above €500kEq €558k ▲27%
5 profitable years in a row build equity to €558k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-12
Financial
Equity above €500kEq €557k ▲21.7%
3 profitable years in a row build equity to €557k.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €70k ▼8.9%
Net result drops to €70k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schoten · 1 establishment unit since 1997
Ground area
2,138 m²
Building footprint
211 m²
Volume, LiDAR
918 m³
Parcel 11040D0186/00E013, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FENDER NV
since 19972.084.338.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0186/00E013 | Flanders | 2,138 m² | 1 · 210 m² | 7.3 m · 1 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
Legal Entity Identifier
6994009QFDLLONP1Q502
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,352 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 (pre-2019)
Founded04-11-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
Katryndessoy@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.