FENIRAM
ActiveSummary
FENIRAM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €509k and a net result of €32k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 66% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-1
Solvency95▼-3
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.82 in 2023; short-term debt: 20.4% and cash: 0.9% of total assets), and 30.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
51 d early
2022
25 d late
2021
29 d late
2020
65 d late
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€509k▼ 9.2%
2023 · €561k
Total assets
€728k▼ 4.7%
2023 · €764k
Net result
€32k▼ 20.4%
2023 · €40k
Working capital
€-83k▼ 369%
2023 · €-18k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€9k▼ 79.8%€23k▲ 158%€23k▼ 2.1%€63k▲ 182%€46k▼ 27.8%
Net result€3k▼ 90.2%€16k▲ 398%€14k▼ 15.9%€40k▲ 193%€32k▼ 20.4%
Equity€557k▲ 0.6%€573k▲ 2.9%€547k▼ 4.6%€561k▲ 2.6%€509k▼ 9.2%
Total assets€848k▲ 4.1%€851k▲ 0.4%€814k▼ 4.4%€764k▼ 6.1%€728k▼ 4.7%
Debt€291k▲ 11.7%€278k▼ 4.5%€267k▼ 3.9%€203k▼ 24.0%€219k▲ 7.7%
Working capital€22k▼ 38.0%€6k▼ 71.1%€-25k€-18k▲ 29.1%€-83k▼ 369%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €728k
Fixed assets
€663k ▼ 3.1%
Current assets
€65k ▼ 18.7%
Equity and liabilities €728k
Equity
€509k ▼ 9.2%
Debt
€219k ▲ 7.7%
Debt's share of the balance-sheet total rises from 26.6% to 30.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€89k▼
2023 · €148k
Cash flow
€75k▼
2023 · €124k
Current ratio
0.44▼
2023 · 0.82
Quick ratio
0.34▼
2023 · 0.57
Debt to equity
0.43▲
2023 · 0.36
ROE
6.2%▼
2023 · 7.1%
ROA
4.3%▼
2023 · 5.2%
Interest coverage
37.94▲
2023 · 25.70
Debt ≤ 1 year
€148k▲
2023 · €98k
Debt > 1 year
€70k▼
2023 · €104k
Income taxes
€12k▼
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | €533 | €2k | ▲ 275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €47k | €50k | €84k | €43k | ▼ 48.4% |
| Other operating charges640/8 | - | - | €4k | €10k | €6k | ▼ 46.7% |
| Gross operating margin9900 | €65k | €74k | €77k | €158k | €95k | ▼ 40.0% |
| Operating profit (loss)9901 | €9k | €23k | €23k | €63k | €46k | ▼ 27.8% |
| Financial income75/76B | - | - | €48 | €81 | €73 | ▼ 10.2% |
| Recurring financial income75 | €50 | €50 | €48 | €81 | €73 | ▼ 10.2% |
| Financial charges65/66B | - | - | €4k | €6k | €2k | ▼ 59.1% |
| Recurring financial charges65 | €4k | €4k | €4k | €6k | €2k | ▼ 59.1% |
| Profit (loss) for the period before taxes9903 | €5k | €19k | €19k | €58k | €43k | ▼ 24.7% |
| Income taxes67/77 | €2k | €3k | €5k | €18k | €12k | ▼ 34.1% |
| Profit (loss) for the period9904 | €3k | €16k | €14k | €40k | €32k | ▼ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €3k | €16k | €14k | €40k | €32k | ▼ 20.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €848k | €851k | €814k | €764k | €728k | ▼ 4.7% |
| Fixed assets21/28 | €765k | €784k | €747k | €684k | €663k | ▼ 3.1% |
| Intangible fixed assets21 | €3k | €1k | €0 | - | - | - |
| Tangible fixed assets22/27 | €762k | €783k | €746k | €683k | €662k | ▼ 3.1% |
| Land and buildings22 | - | - | €680k | €644k | €625k | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | €22k | €19k | €9k | ▼ 50.7% |
| Furniture and vehicles24 | - | - | €45k | €20k | €28k | ▲ 38.9% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €83k | €67k | €67k | €81k | €65k | ▼ 18.7% |
| Amounts receivable after more than one year29 | - | - | €20k | €0 | - | - |
| Other amounts receivable291 | - | - | €20k | €0 | - | - |
| Stocks and contracts in progress3 | €14k | €17k | €24k | €24k | €15k | ▼ 38.8% |
| Stocks30/36 | - | - | €24k | €24k | €15k | ▼ 38.8% |
| Amounts receivable within one year40/41 | €22k | €15k | €17k | €53k | €42k | ▼ 21.1% |
| Trade receivables40 | - | - | €17k | €53k | €38k | ▼ 27.9% |
| Other amounts receivable41 | - | - | €0 | - | €4k | - |
| Cash at bank and in hand54/58 | €10k | €14k | €697 | €782 | €6k | ▲ 717% |
| Deferred charges and accrued income490/1 | - | - | €6k | €2k | €2k | ▼ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €848k | €851k | €814k | €764k | €728k | ▼ 4.7% |
| Equity10/15 | €557k | €573k | €547k | €561k | €509k | ▼ 9.2% |
| Contributions10/11 | €0 | - | €6k | €6k | €6k | = |
| Reserves13 | €551k | €567k | €540k | €555k | €503k | ▼ 9.3% |
| Non-distributable reserves130/1 | - | - | €2k | €0 | - | - |
| Other1319 | - | - | €2k | €0 | - | - |
| Distributable reserves133 | - | - | €539k | €555k | €503k | ▼ 9.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €291k | €278k | €267k | €203k | €219k | ▲ 7.7% |
| Amounts payable after more than one year17 | €230k | €217k | €175k | €104k | €70k | ▼ 32.5% |
| Financial debts170/4 | - | - | €175k | €104k | €70k | ▼ 32.5% |
| Amounts payable within one year42/48 | €61k | €61k | €92k | €98k | €148k | ▲ 51.2% |
| Current portion of amounts payable after more than one year42 | - | - | €42k | €39k | €34k | ▼ 13.1% |
| Trade debts44 | €18k | €8k | €16k | €17k | €23k | ▲ 38.3% |
| Suppliers440/4 | - | - | €16k | €17k | €23k | ▲ 38.3% |
| Taxes, remuneration and social security45 | - | - | €11k | €23k | €8k | ▼ 64.4% |
| Taxes450/3 | - | - | €11k | €23k | €8k | ▼ 64.4% |
| Other amounts payable47/48 | - | - | €23k | €20k | €83k | ▲ 322% |
| Accrued charges and deferred income492/3 | - | - | - | €835 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €16k | €14k | €40k | €32k | ▼ 20.4% |
| + Depreciation and write-downs630 | €52k | €47k | €50k | €84k | €43k | ▼ 48.4% |
| Operating cash flow (approximation) | €55k | €63k | €64k | €124k | €75k | ▼ 39.4% |
| Investment in fixed assets (approximation) | - | €-66k | €-13k | €-21k | €-22k | ▼ 6.2% |
| Change in cash | - | €4k | €-13k | €85 | €6k | ▲ 6,509% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €40k ▲193%
Operating result €63k, net result €40k, both a record.
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
31-03
Financial
Weakest financial yearnet €3k ▼90.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
16-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kaprijke · 1 establishment unit since 2003
Ground area
714 m²
Building footprint
204 m²
Volume, LiDAR
1,067 m³
Parcel 43009A0125/00F000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FENIRAM
since 20032.127.192.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009A0125/00F000 | Flanders | 714 m² | 1 · 204 m² | 8.5 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 558 EUR awarded · 558 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 499 EUR | 499 EUR |
| 2022 | 1 | 59 EUR | 59 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 4,142 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
Founded28-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Contact
E-mail
els.boterdaele@telenet.be
Phone
0476631673
Scores and ratios are computed by Checked and are not a credit decision.