Equity
-€19,916
Debts exceed assets in financial year 2025.
Féréo
Overview
Lifetime
5 annual accounts with figures on one time axispeak €20,038 (2021)
€7,890▲ €19,198
lowest -€16,271 (2022)
€529▲ €13,236
peak €13,447 (2021)
-€19,916▲ €529
€51,162▼ 8.6%
Board2 names since 2020
1 directorKAISER Damien
Documentsfilings and deeds
28-09-202659 days late
2025micro format
Gross margin from -€11,308 to €7,890Back to profit: €529Cash from €398 to €130
Key points
from the 2025 annual accountsTurnover
≈ €89,000 estimated
The accounts state no turnover.
Debts
€51,162 164% of the balance sheet
Suppliers 60%Taxes and wages 17%Other 23%
Filings
5 annual accounts 5 late
The 2023 accounts came latest: 76 days after the end of the period.
Starting capital
€5,000 100 shares
Position in the sector
-63.7%
Lower solvency than 89% of companies in retail trade. Sector median 33.1% · 22,909 companies.
Checked score
48
Fair
Financially stronger than 22% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.3%
01-2025: 4.2%▼ -0.1 percentage points vs 12-2024
02-2025: 4.2%● unchanged vs 01-2025
03-2025: 4.2%● unchanged vs 02-2025
04-2025: 4.2%● unchanged vs 03-2025
05-2025: 4.4%▲ +0.2 percentage points vs 04-2025
06-2025: 4.5%▲ +0.1 percentage points vs 05-2025
07-2025: 4.5%● unchanged vs 06-2025
08-2025: 5.3%▲ +0.8 percentage points vs 07-2025
09-2025: 5.5%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 3.9%▼ -1.6 percentage points vs 09-2025
11-2025: 3.9%● unchanged vs 10-2025
12-2025: 3.8%▼ -0.1 percentage points vs 11-2025
01-2026: 3.8%● unchanged vs 12-2025
02-2026: 3.9%▲ +0.1 percentage points vs 01-2026
03-2026: 3.8%▼ -0.1 percentage points vs 02-2026
04-2026: 3.8%● unchanged vs 03-2026
05-2026: 3.9%▲ +0.1 percentage points vs 04-2026
06-2026: 3.9%● unchanged vs 05-2026
07-2026: 3.9%● unchanged vs 06-2026
08-2026: 4.6%▲ +0.7 percentage points vs 07-2026
09-2026: 4.8%▲ +0.2 percentage points vs 08-2026
10-2026: 3.6%▼ -1.2 percentage points vs 09-2026lowest value
11-2026: 3.6%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 59 days late; 3 of the last 3 accounts late
Founded in 2020
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €31,246
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 2% on liquidity, 31% on profitability and 47% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 906 companies had the same profile as Féréo has now. Each dot stands for 3 companies, two years later.
89.4%
were still trading
4.1%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Féréo itself: 3.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 906 companies, not a prediction for Féréo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.61 (0.63 in 2024), below 1. Short-term debt is 163.7% and cash 0.4% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 22909 sector peers (2025).
NBB · sector comparisonPosition among 22909 sector peers
Solvency
better than 11%
← weakest
strongest →
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
59 days late
2024
56 days late
2023
76 days late
2022
30 days late
2021
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 51 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MAECK Nicolas Claudette Marc Ghislain 100 sharesdeed of 30-11-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758775867
Registered office moved from Faulx-les-Tombes to La Gleize
New registered office: Rue de l'Eglise, 17 à 4987 La Gleize · Previous registered office: Rue du Chaunois 4 bte 000A 5340 Faulx-les-Tombes · Resignation: MAECK Nicolas (director) · General meeting of 19-09-2022 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: MAECK Nicolas Claudette Marc Ghislain · Appointment: MAECK Nicolas Claudette Marc Ghislain (director) · published on 30-11-2020 · Gazette deed
First establishment
Rue du Chaunois 4, Gesves
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Féréo Stoumont | €31,246 | €7,890 | -63.7% | - |
| RJ Trade Schilde | €28,648 | €10,729 | 25.2% | - |
| S.F.H Group Halle | €33,537 | €11,117 | 26.0% | - |
| COM'EVOLVE Liège | €59,142 | €7,785 | 67.8% | - |
| COMME UNE EVIDENCE Flémalle | €26,630 | €5,444 | 65.4% | - |
| ChristalLK Habay | €25,170 | €12,197 | 35.5% | - |
| RS-Designs Tessenderlo-Ham | €29,774 | €4,044 | 35.7% | - |
These companies have the same main activity as Féréo: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €25,200 and €59,100, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 26-11-2020Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 1 other
- Establishment unit
- 2.311.040.1435340 Gesves, since 26-11-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Insights on Féréo
Féréo files the micro format. That format states no turnover. The gross margin fell from €20,038 in 2021 to €7,890 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-09-2026, 59 days late€7,890
▲ €19,198
€5,529
▲ €18,493
€529
▲ €13,236
-€19,916
▲ €529
-63.7%
▼ 6.2 percentage points
0.61
▼ 0.02
The turnover shown is an estimate from the gross margin.
Turnover ≈ €89,000. Estimated: probably between €41,000 and €180,000.
Balance sheet
balance sheet total €31,246 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-63.7%
Higher than 11% of 22,909 companies in 2025.
0.61
Higher than 16% of 22,039 companies in 2025.
1.7%
Higher than 42% of 22,189 companies in 2025.
Féréo
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
31,246 | 35,557 | 41,641 | 16,228 | 21,510 | |
21/28 |
- | - | - | - | 2,243 | |
22/27 |
- | - | - | - | 2,243 | |
24 |
- | - | - | - | 2,243 | |
29/58 |
31,246 | 35,557 | 41,641 | 16,228 | 19,267 | |
40/41 |
31,116 | 35,159 | 41,350 | 14,420 | 918 | |
40 |
30,320 | 35,159 | 40,353 | 13,756 | - | |
41 |
796 | - | 996 | 664 | 918 | |
54/58 |
130 | 398 | 292 | 1,809 | 18,348 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
31,246 | 35,557 | 41,641 | 16,228 | 21,510 | |
10/15 |
-19,916 | -20,445 | -7,739 | -2,824 | 13,447 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
14 |
-24,916 | -25,445 | -12,739 | -7,824 | 8,447 | |
17/49 |
51,162 | 56,002 | 49,380 | 19,053 | 8,063 | |
42/48 |
51,162 | 56,002 | 49,380 | 19,053 | 8,063 | |
44 |
30,909 | 44,013 | 38,880 | 14,826 | 5,916 | |
440/4 |
30,909 | 44,013 | 38,880 | 14,826 | 5,916 | |
45 |
8,713 | 7,802 | 9,474 | 4,226 | 2,147 | |
450/3 |
8,713 | 7,802 | 9,474 | 4,226 | 2,147 | |
47/48 |
11,540 | 4,187 | 1,026 | - | - | |
| Income statement | ||||||
76A |
- | - | - | 40 | - | |
9900 |
7,890 | -11,308 | -3,062 | -13,771 | 20,038 | |
630 |
- | - | - | 771 | 1,248 | |
640/8 |
1,097 | 567 | 1,620 | 969 | 348 | |
66A |
1,264 | 1,090 | 63 | 492 | - | |
9901 |
5,529 | -12,964 | -4,745 | -16,003 | 18,442 | |
75/76B |
8 | 732 | 0 | - | 2,154 | |
75 |
8 | 732 | 0 | - | 2,154 | |
65/66B |
944 | 474 | 170 | 267 | 10,003 | |
65 |
944 | 474 | 170 | 267 | 10,003 | |
9903 |
4,593 | -12,706 | -4,914 | -16,271 | 10,594 | |
67/77 |
4,064 | - | - | - | 2,147 | |
9904 |
529 | -12,706 | -4,914 | -16,271 | 8,447 | |
9905 |
529 | -12,706 | -4,914 | -16,271 | 8,447 | |
| Appropriation of the result | ||||||
9906 |
-24,916 | -25,445 | -12,739 | -7,824 | 8,447 | |
14P |
-25,445 | -12,739 | -7,824 | 8,447 | - | |
| Document | ||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 59 days after the deadline. Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527249.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00527249 | |
| 31-12-2024 | micro format | 25-09-2025 | 2025-00502891 | |
| 31-12-2023 | micro format | 15-10-2024 | 2024-00509241 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379554 | |
| 31-12-2021 | full format | 01-09-2022 | 2022-20391782 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| - | - | - | -15,232 | 19,690 | ||
| - | - | - | -15,500 | 9,695 | ||
| - | - | - | -1,472 | 3,491 | ||
| -267 | 106 | -1,517 | -16,540 | - | ||
| -19,916 | -20,445 | -7,739 | -2,824 | 11,204 | ||
| -63.7% | -57.5% | -18.6% | -17.4% | 62.5% | ||
| 0.61 | 0.63 | 0.84 | 0.85 | 2.39 | ||
| - | - | - | - | 0.60 | ||
| - | - | - | - | 62.8% | ||
| 1.7% | -35.7% | -11.8% | -100.3% | 39.3% | ||
| - | - | - | -56.97 | 1.97 |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €3,491 |
| - | - | - | €771 | €1,248 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Féréo
The operating result for 2025 is a profit of €5,529, after a loss of €12,964 in 2024. It is the highest result since 2021.
Equity is negative. Debt (€51,162) exceeds the balance-sheet total (€31,246).
Board & ownership
Board
1 director, no change since 2022Mandates through the years
2 names, the dashed line is todayKAISER Damien
Director
Director
MAECK Nicolas Claudette Marc Ghislain
Director (not named in the articles)
Director (not named in the articles)
BoardEarlier
Mandates as a list
- KAISER Damien
- Director, from 19-09-2022 to date
- MAECK Nicolas Claudette Marc Ghislain
- Director (not named in the articles), appointed by deed of 30-11-2020, until 19-09-2022
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- -€199 in 2025
- Source
- deed of 30-11-2020
Articles of association
deed of 30-11-2020 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 30-11-2020 ↗
- MAECK Nicolas Claudette Marc Ghislain 100 shares (100%) · €5,000 in cash
Network & group
No group
Féréo has no parent and no holdings in its annual accounts. KAISER Damien is the only director. Féréo shares no director with another company.
Timeline
Timeline
11 events since 2020Board
Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 59 days late
2025
Back to profit net €529 The net result is €529, after 3 loss-making years.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0758775867
Annual accounts 2024 filed PDFmicro format · 56 days late
2024
Annual accounts 2023 filed PDFmicro format · 76 days late
2023
Annual accounts 2022 filed PDFmicro format · 30 days late
2022
Weakest financial year net -€16,271 The net result drops to -€16,271, the lowest from 2021 to 2025. It recovers the following year.
Registered office moved from Faulx-les-Tombes to La GleizeNew registered office: Rue de l'Eglise, 17 à 4987 La Gleize · Previous registered office: Rue du Chaunois 4 bte 000A 5340 Faulx-les-Tombes · Resignation: MAECK Nicolas (director) · General meeting of 19-09-20224 points ▸
- General meeting, 19-09-2022
- Director resignation, MAECK Nicolas
- Director appointment, KAISER Damien
- Registered-office move, Rue de l'Eglise, 17 à 4987 La Gleize
Annual accounts 2021 filed PDFfull format · 32 days late
2020
IncorporationFounding capital of €5,000, 100 shares · Founder: MAECK Nicolas Claudette Marc Ghislain · Appointment: MAECK Nicolas Claudette Marc Ghislain (director) · published on 30-11-20206 points ▸
- Founder, MAECK Nicolas Claudette Marc Ghislain
- Founding capital, €5,000, 100 shares
- 100 shares
- Registered office clause, rue du Chaunois 4 boîte 000A, 5340 Gesves (Faulx-Les-Tombes)
- Board rule, 1
- Director appointment, MAECK Nicolas Claudette Marc Ghislain (director (not named in the articles))
- The deed holds 14 more points.
First establishment Rue du Chaunois 4, Gesves
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0758.775.867
- VAT number
- BE 0758.775.867
- Peppol ID
- 0208:0758775867
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-11-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 18:00deed of 30-11-2020 (in French)
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Féréo in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-11-2020 (in French)
Activities
NACEBEL 202547120
Other non-specialised retail sale main activity
Codes under NACEBEL 2008
47910
Retail trade main activity
81300
Landscape service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes opérations de conseil,service,assistance,ainsi que la formation dans le domaine de l’informatique,dans le sens le plus large; Toutes…”deed of 30-11-2020 (in French)
7 activities
- Toutes opérations de conseil,service,assistance,ainsi que la formation dans le domaine de l’informatique,dans le sens le plus large
- Toutes opérations de création,fabrication,conception,transformation,sous-traitance,commercialisation,distribution,représentation,consignation,importation,exportation,vente et achat de tous biens,produits et services de toute nature
- L’organisation de séminaires,formations,évènements et congrès dans le sens le plus large
- La recherche et le développement dans le sens le plus large
- Les travaux de décoration,d’aménagement,de peinture et de rénovation de tous biens immobiliers
- Les travaux de jardinage,élagage,abattage
- Les prestations de paysagiste
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de l'Eglise 17 registered office 4987 Stoumont | ||
| Rue du Chaunois 4 5340 Gesves | 26-11-2020 | 2.311.040.143 |
1 former office
- Rue du Chaunois 4 bte 000A, 5340 Faulx-les-Tombes until 19-09-2022 · deed of 10-10-2022
Buildings and parcels at the addresses
- Ground area
- 631 m²
- Buildings
- 222 m²
- Volume, LiDAR
- 1,599 m³
- Tallest building
- 10.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63042A0813/00E000 | 385 m² | 1 · 153 m² | 7.9 m · 2 |
| 92042D0520/00M000 | 246 m² | 1 · 69 m² | 10.2 m · 3 |