FERACON
ActiveSummary
FERACON has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,423 and a net result of €27,361. Equity is growing by ~96.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency90▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 1.74 in 2024; short-term debt: 34.6% and cash: 41.8% of total assets), and 34.6% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
65.4%
Return on assets
31.2%
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 27-08-2026, 27 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 · 5 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
on the day
2022
45 d early
2021
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 8 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 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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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€57,423▲ 91.0%
2024 · €30,062
Total assets
€87,807▲ 60.0%
2024 · €54,866
Net result
€27,361▲ 92.7%
2024 · €14,195
Working capital
€48,410▲ 165%
2024 · €18,244
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€2,392--€7,085€18,944€18,814▼ 0.7%€27,623▲ 46.8%
Net result€2,348within the sector's middle half--€7,168below the sector's middle half€18,687within the sector's middle half€14,195within the sector's middle half▼ 24.0%€27,361within the sector's middle half▲ 92.7%
Equity€4,348below the sector's middle half--€2,820below the sector's middle half€15,867below the sector's middle half€30,062within the sector's middle half▲ 89.5%€57,423within the sector's middle half▲ 91.0%
Total assets€14,675below the sector's middle half-€14,918below the sector's middle half▲ 1.7%€34,456below the sector's middle half▲ 131%€54,866below the sector's middle half▲ 59.2%€87,807within the sector's middle half▲ 60.0%
Debt€10,328-€17,739▲ 71.8%€18,589▲ 4.8%€24,804▲ 33.4%€30,384▲ 22.5%
Working capital€2,908below the sector's middle half--€3,900below the sector's middle half€14,344within the sector's middle half€18,244within the sector's middle half▲ 27.2%€48,410within the sector's middle half▲ 165%
Solvency29.6%within the sector's middle half--18.9%below the sector's middle half▼ 48.5pp46.0%within the sector's middle half▲ 65.0pp54.8%within the sector's middle half▲ 8.7pp65.4%within the sector's middle half▲ 10.6pp
Current ratio1.28within the sector's middle half-0.78below the sector's middle half▼ 0.501.77within the sector's middle half▲ 0.991.74within the sector's middle half▼ 0.042.59within the sector's middle half▲ 0.86
Return on assets (ROA)16.0%within the sector's middle half--48.0%below the sector's middle half▼ 64.0pp54.2%above the sector's middle half▲ 102.3pp25.9%above the sector's middle half▼ 28.4pp31.2%above the sector's middle half▲ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 recovers in 2025; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,807
Fixed assets
€9,013 ▼ 23.7%
Current assets
€78,795 ▲ 83.0%
Equity and liabilities €87,807
Equity
€57,423 ▲ 91.0%
Debt
€30,384 ▲ 22.5%
Debt's share of the balance-sheet total falls from 45.2% to 34.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,504▲
2024 · €22,340
Cash flow
€31,242▲
2024 · €17,721
Quick ratio
2.56▲
2024 · 1.68
Debt to equity
0.53▼
2024 · 0.83
ROE
47.6%▲
2024 · 47.2%
Interest coverage
118.72▲
2024 · 55.05
Debt ≤ 1 year
€30,384▲
2024 · €24,804
Staff costs
€230▼
2024 · €2,618
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 26,970 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 | - | - | - | €2,618 | €230 | ▼ 91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,550 | €360 | €761 | €3,525 | €3,880 | ▲ 10.1% |
| Other operating charges640/8 | - | - | €58 | €3,720 | €1,788 | ▼ 51.9% |
| Gross operating margin9900 | €3,941 | -€6,725 | €19,763 | €28,677 | €33,522 | ▲ 16.9% |
| Operating profit (loss)9901 | €2,392 | -€7,085 | €18,944 | €18,814 | €27,623 | ▲ 46.8% |
| Financial income75/76B | - | - | €20 | €9 | €3 | ▼ 60.1% |
| Recurring financial income75 | - | - | €20 | €9 | €3 | ▼ 60.1% |
| Financial charges65/66B | €44 | €83 | €277 | €406 | €265 | ▼ 34.6% |
| Recurring financial charges65 | €44 | €83 | €277 | €406 | €265 | ▼ 34.6% |
| Profit (loss) for the period before taxes9903 | €2,348 | -€7,168 | €18,687 | €18,417 | €27,361 | ▲ 48.6% |
| Income taxes67/77 | - | - | - | €4,222 | - | - |
| Profit (loss) for the period9904 | €2,348 | -€7,168 | €18,687 | €14,195 | €27,361 | ▲ 92.7% |
| Profit (loss) for the period to be appropriated9905 | €2,348 | -€7,168 | €18,687 | €14,195 | €27,361 | ▲ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,675 | €14,918 | €34,456 | €54,866 | €87,807 | ▲ 60.0% |
| Fixed assets21/28 | €1,439 | €1,079 | €1,523 | €11,818 | €9,013 | ▼ 23.7% |
| Tangible fixed assets22/27 | €1,439 | €1,079 | €1,523 | €11,818 | €9,013 | ▼ 23.7% |
| Furniture and vehicles24 | €1,439 | €1,079 | €1,523 | €11,818 | €9,013 | ▼ 23.7% |
| Current assets29/58 | €13,236 | €13,839 | €32,933 | €43,048 | €78,795 | ▲ 83.0% |
| Stocks and contracts in progress3 | - | €2,896 | €3,041 | €1,375 | €1,025 | ▼ 25.5% |
| Stocks30/36 | - | €2,896 | €3,041 | €1,375 | €1,025 | ▼ 25.5% |
| Amounts receivable within one year40/41 | €11,737 | €8,681 | €17,061 | €4,916 | €40,621 | ▲ 726% |
| Trade receivables40 | €11,737 | €8,537 | €14,006 | €4,600 | €40,621 | ▲ 783% |
| Other amounts receivable41 | - | €144 | €3,055 | €316 | - | - |
| Cash at bank and in hand54/58 | €1,499 | €328 | €12,832 | €36,272 | €36,725 | ▲ 1.2% |
| Deferred charges and accrued income490/1 | - | €1,935 | - | €485 | €424 | ▼ 12.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,675 | €14,918 | €34,456 | €54,866 | €87,807 | ▲ 60.0% |
| Equity10/15 | €4,348 | -€2,820 | €15,867 | €30,062 | €57,423 | ▲ 91.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | €2,000 | €2,000 | €2,000 | - | - | - |
| Other1109/19 | €2,000 | €2,000 | €2,000 | - | - | - |
| Profit (loss) carried forward14 | €2,348 | -€4,820 | €13,867 | €28,062 | €55,423 | ▲ 97.5% |
| Amounts payable17/49 | €10,328 | €17,739 | €18,589 | €24,804 | €30,384 | ▲ 22.5% |
| Amounts payable within one year42/48 | €10,328 | €17,739 | €18,589 | €24,804 | €30,384 | ▲ 22.5% |
| Trade debts44 | €121 | €1,665 | €6,075 | €12,539 | €9,567 | ▼ 23.7% |
| Suppliers440/4 | €121 | €1,665 | €6,075 | €12,539 | €9,567 | ▼ 23.7% |
| Advances received on contracts in progress46 | - | - | - | - | €1,590 | - |
| Taxes, remuneration and social security45 | €1,234 | €1,234 | €430 | €4,221 | €5,073 | ▲ 20.2% |
| Taxes450/3 | - | - | - | €4,221 | €5,073 | ▲ 20.2% |
| Remuneration and social security454/9 | €1,234 | €1,234 | €430 | - | - | - |
| Other amounts payable47/48 | €8,972 | €14,840 | €12,084 | €8,044 | €14,154 | ▲ 75.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,348 | -€7,168 | €18,687 | €14,195 | €27,361 | ▲ 92.7% |
| + Depreciation and write-downs630 | €1,550 | €360 | €761 | €3,525 | €3,880 | ▲ 10.1% |
| Operating cash flow (approximation) | €3,897 | -€6,808 | €19,448 | €17,721 | €31,242 | ▲ 76.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1,205 | -€13,821 | -€1,075 | ▲ 92.2% |
| Change in cash | - | -€1,171 | €12,504 | €23,440 | €453 | ▼ 98.1% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2021net €27,361 ▲92.7%
Operating result €27,623, net result €27,361, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €18,687
Net result €18,687 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.77
Current ratio from 0.78 to 1.77.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€7,168
Net result drops to -€7,168, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
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, Sint-Niklaas · 1 establishment unit since 2021
Ground area
327 m²
Building footprint
80 m²
Volume, LiDAR
432 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FERACON
since 20212.319.855.760
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D0746/00Y000 | Flanders | 164 m² | 1 · 69 m² | 9.9 m · 2 fl. |
| 45502A0610/00Y000 | Flanders | 163 m² | 1 · 11 m² | 3.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,147 companies in sector 71209 we hold annual accounts for 1,090. 801 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
Founded27-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
41001General construction of residential buildings
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Contact
E-mail
armin.karakaya@outlook.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767570502
Also
9925:BE0767570502
Registered
02-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.