FEODAREL
ActiveFEODAREL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-4
Solvency41▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.56 in 2024; short-term debt: 42.8% and cash: 3.3% of total assets), and 83.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
16.4%
Return on assets
3.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €141k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
29 d late
2023
9 d late
2022
30 d late
2021
26 d late
2020
30 d late
2019
24 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€141k▲ 31.3%
2024 · €107k
2018: €24k
2019: €10k
2020: €10k
2021: €18k
2022: €15k
2023: €52k
2024: €107k
2018 → 2025
Total assets
€861k▲ 17.3%
2024 · €734k
2018: €40k
2019: €241k
2020: €253k
2021: €273k
2022: €361k
2023: €469k
2024: €734k
2018 → 2025
Net result
€34k▼ 39.6%
2024 · €56k
2018: €12k
2019: €-14k
2020: €283
2021: €8k
2022: €-2k
2023: €37k
2024: €56k
2018 → 2025
Working capital
€-109k▲ 28.2%
2024 · €-152k
2018: €10k
2019: €59k
2020: €36k
2021: €46k
2022: €-4k
2023: €-30k
2024: €-152k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€15k▼ 12.8%€52k▲ 239%€107k▲ 107%€141k▲ 31.3%
Operating result€11k-€2k▼ 86.5%€49k▲ 3,083%€82k▲ 67.0%€56k▼ 31.8%
Net result€8k-€-2k€37k€56k▲ 52.2%€34k▼ 39.6%
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 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €861k
Fixed assets
€601k▲ 10.6%
Current assets
€259k▲ 36.5%
Equity and liabilities €861k
Equity
€141k▲ 31.3%
Debt
€720k▲ 14.9%
The debt ratio falls from 85.4% to 83.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€201k▲
2024 · €168k
Cash flow
€179k▲
2024 · €142k
Solvency
16.4%▲
2024 · 14.6%
Current ratio
0.70▲
2024 · 0.56
Quick ratio
0.70▲
2024 · 0.56
Debt / equity
5.10▼
2024 · 5.83
ROE
23.8%▼
2024 · 51.8%
ROA
3.9%▼
2024 · 7.6%
Interest coverage
16.25▼
2024 · 17.55
Debt
€720k▲
2024 · €626k
Debt ≤ 1 year
€368k▲
2024 · €342k
Debt > 1 year
€351k▲
2024 · €285k
Income taxes
€10k▼
2024 · €17k
Staff costs
€71k▲
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€734k€861k▲
Fixed assets21/28€544k€601k▲
Intangible fixed assets21€1k€359▼
Tangible fixed assets22/27€542k€601k▲
Plant, machinery and equipment23€215k€270k▲
Furniture and vehicles24€327k€331k▲
Current assets29/58€190k€259k▲
Stocks and contracts in progress3€300€323▲
Stocks30/36€300€323▲
Amounts receivable within one year40/41€176k€228k▲
Trade receivables40€173k€221k▲
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€10k€28k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€734k€861k▲
Equity10/15€107k€141k▲
Contributions10/11€12k€12k=
Reserves13€880€880=
Non-distributable reserves130/1€566€566=
Reserves not available under the articles1311€566€566=
Distributable reserves133€313€313=
Profit (loss) carried forward14€94k€128k▲
Amounts payable17/49€626k€720k▲
Amounts payable after more than one year17€285k€351k▲
Financial debts170/4€285k€351k▲
Amounts payable within one year42/48€342k€368k▲
Current portion of amounts payable after more than one year42€113k€112k▼
Trade debts44€93k€78k▼
Suppliers440/4€93k€78k▼
Taxes, remuneration and social security45€40k€53k▲
Taxes450/3€17k€27k▲
Remuneration and social security454/9€23k€26k▲
Other amounts payable47/48€96k€126k▲
Income statement
Code20242025
Remuneration, social security and pensions62€42k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€145k▲
Other operating charges640/8€658€7k▲
Gross operating margin9900€211k€279k▲
Operating profit (loss)9901€82k€56k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Profit (loss) for the period before taxes9903€72k€43k▼
Income taxes67/77€17k€10k▼
Profit (loss) for the period9904€56k€34k▼
Profit (loss) for the period to be appropriated9905€56k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€128k▲
Profit (loss) brought forward from the previous period14P€39k€94k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €56k ▲52.2%
Operating result €82k, net result €56k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲107%
2 profitable years in a row build equity to €107k.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €283
Net result €283 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-14k ▼219%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.17
Current ratio from 1.60 to 4.17.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Somme-Leuze · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Chardeneux, Bonsin 12 A5377 Somme-LeuzeGround area
81 m²
Building footprint
167 m²
Parcel 91019D0131/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Chardeneux, Bonsin 12, 5377 Somme-Leuze
since 20062.156.303.565
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91019D0131/00H000 | Wallonia | 81 m² | 1 · 167 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Food safety, FASFC
1 siteSomme-Leuze2.156.303.565
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JVD CONSTRUCT
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MIKAGRI
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,368. 1,143 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-2006
Fiscal year end31-12
Activities, NACEBEL
01610Support activities for crop production
01620Support activities for animal production
01420Raising of other cattle and buffaloes
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.