FeNESTRA
ActiveSummary
FeNESTRA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€71,579) and a net result of -€1,957. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 17601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.12 in 2024; short-term debt: 705.4% and cash: 82.8% of total assets), and equity is negative.
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. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-605.4%
Return on assets
-16.6%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€71,579
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
14 d late
2023
19 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
119 d late
← 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 40 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Herentals, Telecoms and IT sector
Equity
-€71,579▼ 2.8%
2024 · -€69,622
Total assets
€11,823▲ 2.2%
2024 · €11,568
Net result
-€1,957▲ 46.0%
2024 · -€3,624
Working capital
-€72,510▼ 1.9%
2024 · -€71,176
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,366€9,317▼ 46.3%-€17,951-€3,516▲ 80.4%-€1,860▲ 47.1%
Net result€21,773within the sector's middle half€9,035within the sector's middle half▼ 58.5%-€18,255below the sector's middle half-€3,624below the sector's middle half▲ 80.1%-€1,957below the sector's middle half▲ 46.0%
Equity-€56,778below the sector's middle half▲ 27.7%-€47,743below the sector's middle half▲ 15.9%-€65,998below the sector's middle half▼ 38.2%-€69,622below the sector's middle half▼ 5.5%-€71,579below the sector's middle half▼ 2.8%
Total assets€13,248below the sector's middle half▼ 38.8%€15,646below the sector's middle half▲ 18.1%€9,484below the sector's middle half▼ 39.4%€11,568below the sector's middle half▲ 22.0%€11,823below the sector's middle half▲ 2.2%
Debt€70,026▼ 30.1%€63,389▼ 9.5%€75,483▲ 19.1%€81,191▲ 7.6%€83,403▲ 2.7%
Working capital-€61,133below the sector's middle half▲ 31.6%-€51,098below the sector's middle half▲ 16.4%-€67,976below the sector's middle half▼ 33.0%-€71,176below the sector's middle half▼ 4.7%-€72,510below the sector's middle half▼ 1.9%
Solvency-428.6%below the sector's middle half▼ 65.6pp-305.1%below the sector's middle half▲ 123.4pp-695.9%below the sector's middle half▼ 390.7pp-601.8%below the sector's middle half▲ 94.0pp-605.4%below the sector's middle half▼ 3.6pp
Current ratio0.13below the sector's middle half▲ 0.020.19below the sector's middle half▲ 0.070.10below the sector's middle half▼ 0.090.12below the sector's middle half▲ 0.020.13below the sector's middle half▲ 0.01
Return on assets (ROA)164.4%above the sector's middle half▲ 261.2pp57.7%above the sector's middle half▼ 106.6pp-192.5%below the sector's middle half▼ 250.2pp-31.3%below the sector's middle half▲ 161.2pp-16.6%below the sector's middle half▲ 14.8pp
Staff (FTE)0.3▼ 66.7%1▲ 233%1=1=
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,860 in 2025 against €3,516 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11,823
Fixed assets
€931 ▼ 40.1%
Current assets
€10,892 ▲ 8.8%
Equity and liabilities
Equity-€71,579
Debt€83,403
Equity is negative: debt (€83,403) exceeds the balance-sheet total (€11,823).
Key figures and ratios
EBITDA
-€1,238▲
2024 · -€2,307
Cash flow
-€1,334▲
2024 · -€2,416
Quick ratio
0.13▲
2024 · 0.12
Interest coverage
-12.80▲
2024 · -24.09
Debt ≤ 1 year
€83,403▲
2024 · €81,191
Staff costs
€326▼
2024 · €24,132
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,341 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% 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 6,621 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,196 | €10,902 | €32,298 | €24,132 | €326 | ▼ 98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,068 | €1,967 | €1,377 | €1,208 | €623 | ▼ 48.5% |
| Other operating charges640/8 | €1,307 | €801 | €812 | €1,003 | €719 | ▼ 28.3% |
| Gross operating margin9900 | €29,938 | €22,987 | €16,536 | €22,827 | -€193 | ▼ 101% |
| Operating profit (loss)9901 | €17,366 | €9,317 | -€17,951 | -€3,516 | -€1,860 | ▲ 47.1% |
| Financial income75/76B | €4,692 | €1 | €0 | - | - | - |
| Recurring financial income75 | €4,692 | €1 | €0 | - | - | - |
| Financial charges65/66B | €98 | €90 | €96 | €96 | €97 | ▲ 1.0% |
| Recurring financial charges65 | €98 | €90 | €96 | €96 | €97 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €21,961 | €9,228 | -€18,047 | -€3,611 | -€1,957 | ▲ 45.8% |
| Income taxes67/77 | €188 | €193 | €208 | €13 | - | - |
| Profit (loss) for the period9904 | €21,773 | €9,035 | -€18,255 | -€3,624 | -€1,957 | ▲ 46.0% |
| Profit (loss) for the period to be appropriated9905 | €21,773 | €9,035 | -€18,255 | -€3,624 | -€1,957 | ▲ 46.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,248 | €15,646 | €9,484 | €11,568 | €11,823 | ▲ 2.2% |
| Fixed assets21/28 | €4,354 | €3,355 | €1,978 | €1,554 | €931 | ▼ 40.1% |
| Intangible fixed assets21 | €386 | €264 | €142 | €20 | - | - |
| Tangible fixed assets22/27 | €3,919 | €3,041 | €1,786 | €1,484 | €881 | ▼ 40.6% |
| Plant, machinery and equipment23 | €1,350 | €714 | €450 | €186 | - | - |
| Furniture and vehicles24 | €2,569 | €2,327 | €1,336 | €1,298 | €881 | ▼ 32.1% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €8,893 | €12,291 | €7,507 | €10,015 | €10,892 | ▲ 8.8% |
| Stocks and contracts in progress3 | €1,197 | €750 | €270 | €270 | €140 | ▼ 48.1% |
| Stocks30/36 | €1,197 | €750 | €270 | €270 | €140 | ▼ 48.1% |
| Amounts receivable within one year40/41 | €516 | €8,544 | €2,420 | €1,404 | - | - |
| Trade receivables40 | €516 | €8,544 | €2,420 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,404 | - | - |
| Cash at bank and in hand54/58 | €6,354 | €2,148 | €3,947 | €7,417 | €9,785 | ▲ 31.9% |
| Deferred charges and accrued income490/1 | €826 | €849 | €869 | €924 | €967 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,248 | €15,646 | €9,484 | €11,568 | €11,823 | ▲ 2.2% |
| Equity10/15 | -€56,778 | -€47,743 | -€65,998 | -€69,622 | -€71,579 | ▼ 2.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €953 | €953 | €953 | €953 | €953 | = |
| Non-distributable reserves130/1 | €953 | €953 | €953 | €953 | €953 | = |
| Reserves not available under the articles1311 | €953 | €953 | €953 | €953 | €953 | = |
| Profit (loss) carried forward14 | -€76,323 | -€67,288 | -€85,543 | -€89,167 | -€91,124 | ▼ 2.2% |
| Amounts payable17/49 | €70,026 | €63,389 | €75,483 | €81,191 | €83,403 | ▲ 2.7% |
| Amounts payable within one year42/48 | €70,026 | €63,389 | €75,483 | €81,191 | €83,403 | ▲ 2.7% |
| Trade debts44 | €12,236 | €10,597 | €10,821 | €9,831 | €13,336 | ▲ 35.6% |
| Suppliers440/4 | €12,236 | €10,597 | €10,821 | €9,831 | €13,336 | ▲ 35.6% |
| Taxes, remuneration and social security45 | €9,140 | €15,291 | €31,345 | €41,795 | €41,671 | ▼ 0.3% |
| Taxes450/3 | €584 | €887 | €1,472 | €650 | €526 | ▼ 19.0% |
| Remuneration and social security454/9 | €8,556 | €14,405 | €29,873 | €41,145 | €41,145 | = |
| Other amounts payable47/48 | €48,650 | €37,501 | €33,317 | €29,564 | €28,396 | ▼ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,773 | €9,035 | -€18,255 | -€3,624 | -€1,957 | ▲ 46.0% |
| + Depreciation and write-downs630 | €8,068 | €1,967 | €1,377 | €1,208 | €623 | ▼ 48.5% |
| Operating cash flow (approximation) | €29,841 | €11,002 | -€16,878 | -€2,416 | -€1,334 | ▲ 44.8% |
| Investment in fixed assets (approximation) | - | -€967 | €0 | -€784 | €0 | ▲ 100% |
| Change in cash | - | -€4,206 | €1,799 | €3,469 | €2,368 | ▼ 31.7% |
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 · micro schema · 31 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €21,773
Net result €21,773 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet -€32,613
Net result drops to -€32,613, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 36 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 1994
Ground area
597 m²
Building footprint
148 m²
Volume, LiDAR
761 m³
Parcel 13302C0291/00X000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wochterberg(HRT) 29, 2200 Herentals
since 19942.066.124.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302C0291/00X000 | Flanders | 597 m² | 1 · 148 m² | 8.7 m · 2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 16,913 companies in this sector we hold annual accounts for 8,787. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded04-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452271507
Also
9925:BE0452271507
Registered
01-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.