FENNCORP
ActiveSummary
FENNCORP has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,096 and a net result of -€3,033. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 2729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+14
Solvency83▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 10.28 against 5.86 in 2024; short-term debt: 9.7% and cash: 97% of total assets), and 42.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,033
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
29 d early
2022
28 d early
2021
31 d early
2020
30 d late
2019
95 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 9 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 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€107,096▼ 2.8%
2024 · €110,129
Total assets
€185,489▼ 9.7%
2024 · €205,392
Net result
-€3,033▲ 88.3%
2024 · -€25,905
Working capital
€166,934▼ 1.5%
2024 · €169,528
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,259€60,940▲ 141%€50,196▼ 17.6%-€25,514-€6,741▲ 73.6%
Net result€22,672within the sector's middle half€45,370within the sector's middle half▲ 100%€37,115within the sector's middle half▼ 18.2%-€25,905below the sector's middle half-€3,033below the sector's middle half▲ 88.3%
Equity€53,548within the sector's middle half▲ 73.4%€98,919within the sector's middle half▲ 84.7%€136,034within the sector's middle half▲ 37.5%€110,129within the sector's middle half▼ 19.0%€107,096within the sector's middle half▼ 2.8%
Total assets€122,919below the sector's middle half▼ 75.4%€208,268below the sector's middle half▲ 69.4%€250,071within the sector's middle half▲ 20.1%€205,392below the sector's middle half▼ 17.9%€185,489within the sector's middle half▼ 9.7%
Debt€69,370▼ 85.2%€109,350▲ 57.6%€114,038▲ 4.3%€95,263▼ 16.5%€78,393▼ 17.7%
Working capital€48,015within the sector's middle half▲ 97.1%€94,417within the sector's middle half▲ 96.6%€132,597within the sector's middle half▲ 40.4%€169,528within the sector's middle half▲ 27.9%€166,934within the sector's middle half▼ 1.5%
Solvency43.6%within the sector's middle half▲ 37.4pp47.5%within the sector's middle half▲ 3.9pp54.4%within the sector's middle half▲ 6.9pp53.6%within the sector's middle half▼ 0.8pp57.7%within the sector's middle half▲ 4.1pp
Current ratio1.91within the sector's middle half▲ 0.861.98within the sector's middle half▲ 0.072.27within the sector's middle half▲ 0.295.86above the sector's middle half▲ 3.5910.28above the sector's middle half▲ 4.42
Return on assets (ROA)18.4%above the sector's middle half▲ 25.4pp21.8%above the sector's middle half▲ 3.3pp14.8%within the sector's middle half▼ 6.9pp-12.6%below the sector's middle half▼ 27.5pp-1.6%below the sector's middle half▲ 11.0pp
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,741 in 2025 against €25,514 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,489
Fixed assets
€562 ▼ 43.2%
Current assets
€184,927 ▼ 9.5%
Equity and liabilities €185,489
Equity
€107,096 ▼ 2.8%
Debt
€78,393 ▼ 17.7%
Debt's share of the balance-sheet total falls from 46.4% to 42.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,314▲
2024 · -€25,222
Cash flow
-€2,606▲
2024 · -€25,613
Debt to equity
0.73▼
2024 · 0.87
ROE
-2.8%▲
2024 · -23.5%
Interest coverage
-53.90▲
2024 · -68.17
Debt ≤ 1 year
€17,993▼
2024 · €34,876
Debt > 1 year
€60,000=
2024 · €60,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,915 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,447 | €4,447 | €4,447 | €291 | €427 | ▲ 46.4% |
| Other operating charges640/8 | €954 | €965 | €1,048 | €550 | €462 | ▼ 16.0% |
| Gross operating margin9900 | €30,660 | €66,352 | €55,691 | -€24,672 | -€5,852 | ▲ 76.3% |
| Operating profit (loss)9901 | €25,259 | €60,940 | €50,196 | -€25,514 | -€6,741 | ▲ 73.6% |
| Financial income75/76B | - | €0 | - | - | €3,825 | - |
| Recurring financial income75 | - | €0 | - | - | €3,825 | - |
| Financial charges65/66B | €319 | €327 | €488 | €370 | €117 | ▼ 68.3% |
| Recurring financial charges65 | €319 | €327 | €488 | €370 | €117 | ▼ 68.3% |
| Profit (loss) for the period before taxes9903 | €24,939 | €60,613 | €49,709 | -€25,884 | -€3,033 | ▲ 88.3% |
| Income taxes67/77 | €2,267 | €15,243 | €12,594 | €21 | - | - |
| Profit (loss) for the period9904 | €22,672 | €45,370 | €37,115 | -€25,905 | -€3,033 | ▲ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €22,672 | €45,370 | €37,115 | -€25,905 | -€3,033 | ▲ 88.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,919 | €208,268 | €250,071 | €205,392 | €185,489 | ▼ 9.7% |
| Fixed assets21/28 | €22,236 | €17,789 | €13,342 | €989 | €562 | ▼ 43.2% |
| Tangible fixed assets22/27 | €22,236 | €17,789 | €13,342 | €989 | €562 | ▼ 43.2% |
| Land and buildings22 | €22,236 | €17,789 | €13,342 | - | - | - |
| Furniture and vehicles24 | - | - | - | €989 | - | - |
| Leasing and similar rights25 | - | - | - | - | €562 | - |
| Current assets29/58 | €100,683 | €190,479 | €236,730 | €204,403 | €184,927 | ▼ 9.5% |
| Amounts receivable within one year40/41 | €37,004 | €15,509 | €28,032 | €2,276 | €4,545 | ▲ 99.7% |
| Trade receivables40 | €36,905 | €15,480 | €22,597 | €275 | €951 | ▲ 245% |
| Other amounts receivable41 | €99 | €29 | €5,436 | €2,001 | €3,594 | ▲ 79.6% |
| Current investments50/53 | - | - | - | €125,000 | - | - |
| Cash at bank and in hand54/58 | €63,179 | €164,213 | €208,087 | €76,732 | €179,939 | ▲ 135% |
| Deferred charges and accrued income490/1 | €501 | €10,758 | €610 | €395 | €443 | ▲ 12.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,919 | €208,268 | €250,071 | €205,392 | €185,489 | ▼ 9.7% |
| Equity10/15 | €53,548 | €98,919 | €136,034 | €110,129 | €107,096 | ▼ 2.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €54,193 | €86,519 | €123,634 | €97,729 | €97,729 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | €52,338 | €84,664 | €121,779 | €95,874 | €95,874 | = |
| Profit (loss) carried forward14 | -€13,045 | - | - | - | -€3,033 | - |
| Amounts payable17/49 | €69,370 | €109,350 | €114,038 | €95,263 | €78,393 | ▼ 17.7% |
| Amounts payable after more than one year17 | €16,703 | €13,288 | €9,905 | €60,000 | €60,000 | = |
| Financial debts170/4 | €16,703 | €13,288 | €9,905 | - | - | - |
| Other amounts payable178/9 | - | - | - | €60,000 | €60,000 | = |
| Amounts payable within one year42/48 | €52,668 | €96,062 | €104,133 | €34,876 | €17,993 | ▼ 48.4% |
| Current portion of amounts payable after more than one year42 | €3,465 | €3,443 | €3,428 | - | - | - |
| Trade debts44 | €526 | €1,269 | €1,439 | €2,263 | €1,563 | ▼ 30.9% |
| Suppliers440/4 | €526 | €1,269 | €1,439 | €2,263 | €1,563 | ▼ 30.9% |
| Taxes, remuneration and social security45 | €8,501 | €17,576 | €19,350 | €4,000 | - | - |
| Taxes450/3 | €8,501 | €17,576 | €19,350 | €4,000 | - | - |
| Other amounts payable47/48 | €40,176 | €73,774 | €79,915 | €28,613 | €16,430 | ▼ 42.6% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,672 | €45,370 | €37,115 | -€25,905 | -€3,033 | ▲ 88.3% |
| + Depreciation and write-downs630 | €4,447 | €4,447 | €4,447 | €291 | €427 | ▲ 46.4% |
| Operating cash flow (approximation) | €27,119 | €49,817 | €41,562 | -€25,613 | -€2,606 | ▲ 89.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €12,061 | €0 | ▼ 100% |
| Change in cash | - | €101,034 | €43,875 | -€131,355 | €103,207 | ▲ 179% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 5.86
Current ratio from 2.27 to 5.86; short-term debt falls from €104,133 to €34,876.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100,000Eq €136,034 ▲37.5%
3 profitable years in a row build equity to €136,034.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €45,370 ▲100%
Operating result €60,940, net result €45,370, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €22,672
Net result €22,672 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€34,831
Net result drops to -€34,831, the lowest in the series; recovery starts the following year.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tongeren-Borgloon · 1 establishment unit since 2009
Ground area
166 m²
Building footprint
83 m²
Volume, LiDAR
746 m³
Parcel 73347A0347/00R000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Fenncorp
since 20092.180.820.118
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0347/00R000 | Flanders | 166 m² | 1 · 83 m² | 11.2 m · 3 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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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,559 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)
Founded21-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818052567
Also
9925:BE0818052567
Registered
31-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.