Fesco
ActiveSummary
Fesco has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €23k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-2
Solvency100▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.76 against 2.99 in 2024; short-term debt: 25% and cash: 6% of total assets), and 25% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
75%
Return on assets
13.9%
Age of the figures
9 mo
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 · 7 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
on the day
2022
on the day
2021
33 d early
2020
35 d early
2019
21 d early
← before the deadline
after the deadline →
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
25-09-2026 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 simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€127k▲ 22.7%
2024 · €103k
Total assets
€169k▲ 15.0%
2024 · €147k
Net result
€23k▲ 2.3%
2024 · €23k
Working capital
€116k▲ 38.3%
2024 · €84k
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
Line20212022202320242025
Operating result€15k▲ 75.4%€18k▲ 22.9%€16k▼ 10.2%€32k▲ 101%€33k▲ 1.9%
Net result€12k▲ 95.3%€12k▲ 0.3%€11k▼ 8.5%€23k▲ 103%€23k▲ 2.3%
Equity€57k▲ 27.5%€69k▲ 21.7%€80k▲ 16.3%€103k▲ 28.5%€127k▲ 22.7%
Total assets€115k▲ 1.9%€125k▲ 8.7%€136k▲ 8.5%€147k▲ 8.1%€169k▲ 15.0%
Debt€58k▼ 14.7%€56k▼ 3.9%€55k▼ 1.2%€44k▼ 21.4%€42k▼ 3.1%
Working capital€17k▼ 46.2%€38k▲ 122%€53k▲ 38.2%€84k▲ 59.1%€116k▲ 38.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169k
Fixed assets
€10k ▼ 49.6%
Current assets
€159k ▲ 25.4%
Equity and liabilities €169k
Equity
€127k ▲ 22.7%
Debt
€42k ▼ 3.1%
Debt's share of the balance-sheet total falls from 29.6% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▼
2024 · €49k
Cash flow
€35k▼
2024 · €39k
Current ratio
3.76▲
2024 · 2.99
Debt to equity
0.33▼
2024 · 0.42
ROE
18.5%▼
2024 · 22.2%
ROA
13.9%▼
2024 · 15.6%
Interest coverage
72.71▼
2024 · 126.94
Debt ≤ 1 year
€42k▼
2024 · €42k
Income taxes
€9k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €105 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €20k | €20k | €16k | €11k | ▼ 31.2% |
| Other operating charges640/8 | €724 | €2k | €1k | €1k | €1k | ▼ 1.8% |
| Non-recurring operating charges66A | - | - | €375 | - | - | - |
| Gross operating margin9900 | €33k | €40k | €37k | €50k | €46k | ▼ 9.0% |
| Operating profit (loss)9901 | €15k | €18k | €16k | €32k | €33k | ▲ 1.9% |
| Financial income75/76B | - | - | - | - | €8 | - |
| Recurring financial income75 | - | - | - | - | €8 | - |
| Financial charges65/66B | €638 | €743 | €379 | €386 | €611 | ▲ 58.5% |
| Recurring financial charges65 | €638 | €743 | €379 | €386 | €611 | ▲ 58.5% |
| Profit (loss) for the period before taxes9903 | €14k | €17k | €16k | €32k | €33k | ▲ 1.3% |
| Income taxes67/77 | €2k | €5k | €5k | €9k | €9k | ▼ 1.2% |
| Profit (loss) for the period9904 | €12k | €12k | €11k | €23k | €23k | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €12k | €12k | €11k | €23k | €23k | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115k | €125k | €136k | €147k | €169k | ▲ 15.0% |
| Fixed assets21/28 | €67k | €47k | €36k | €20k | €10k | ▼ 49.6% |
| Tangible fixed assets22/27 | €67k | €47k | €36k | €20k | €10k | ▼ 49.6% |
| Plant, machinery and equipment23 | €2k | €1k | €9k | €8k | €6k | ▼ 27.8% |
| Furniture and vehicles24 | €66k | €46k | €27k | €12k | €4k | ▼ 63.6% |
| Current assets29/58 | €48k | €78k | €100k | €126k | €159k | ▲ 25.4% |
| Amounts receivable within one year40/41 | €43k | €61k | €90k | €123k | €148k | ▲ 20.6% |
| Trade receivables40 | €43k | €61k | €90k | €123k | €148k | ▲ 20.6% |
| Other amounts receivable41 | - | €54 | €58 | €86 | - | - |
| Cash at bank and in hand54/58 | €4k | €16k | €10k | €3k | €10k | ▲ 211% |
| Deferred charges and accrued income490/1 | €456 | €427 | €450 | €469 | €481 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115k | €125k | €136k | €147k | €169k | ▲ 15.0% |
| Equity10/15 | €57k | €69k | €80k | €103k | €127k | ▲ 22.7% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €32k | €44k | €55k | €78k | €102k | ▲ 29.9% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | €29k | €42k | €55k | €78k | €102k | ▲ 29.9% |
| Amounts payable17/49 | €58k | €56k | €55k | €44k | €42k | ▼ 3.1% |
| Amounts payable after more than one year17 | €28k | €16k | €8k | €1k | - | - |
| Financial debts170/4 | €28k | €16k | €8k | €1k | - | - |
| Amounts payable within one year42/48 | €31k | €40k | €47k | €42k | €42k | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €8k | €7k | €1k | ▼ 83.2% |
| Trade debts44 | €965 | €2k | €12k | €1k | €2k | ▲ 85.1% |
| Suppliers440/4 | €965 | €2k | €12k | €1k | €2k | ▲ 85.1% |
| Taxes, remuneration and social security45 | €17k | €25k | €27k | €34k | €38k | ▲ 13.8% |
| Taxes450/3 | €14k | €22k | €25k | €31k | €35k | ▲ 14.2% |
| Remuneration and social security454/9 | €3k | €3k | €3k | €3k | €3k | ▲ 9.1% |
| Other amounts payable47/48 | €567 | €120 | €20 | €18 | €18 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €12k | €11k | €23k | €23k | ▲ 2.3% |
| + Depreciation and write-downs630 | €17k | €20k | €20k | €16k | €11k | ▼ 31.2% |
| Operating cash flow (approximation) | €29k | €33k | €31k | €39k | €35k | ▼ 11.7% |
| Investment in fixed assets (approximation) | - | €0 | €-8k | €-902 | €-1k | ▼ 38.3% |
| Change in cash | - | €12k | €-6k | €-7k | €7k | ▲ 204% |
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
31-12
Financial
Highest result since 2019net €23k ▲2.3%
Operating result €33k, net result €23k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €103k ▲28.5%
6 profitable years in a row build equity to €103k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €6k ▼52.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Oudenburg · 1 establishment unit since 2018
Ground area
3,576 m²
Building footprint
426 m²
Volume, LiDAR
1,703 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Fesco
since 20182.282.989.921
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35015A0494/00R000 | Flanders | 1,917 m² | 1 · 155 m² | 9.2 m · 2 fl. |
| 35015A0489/00X000 | Flanders | 1,659 m² | 1 · 271 m² | 4.4 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.
Similar companies · same sector, comparable size
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Verbu
BE 0644.789.286
Sint-Gillis-Waas · Eq €125,307
Noppe Technics
BE 0794.211.155
Tielt · Eq €124,975
Of 3,718 companies in sector 33120 we hold annual accounts for 1,345. 1,146 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
Founded15-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
Scores and ratios are computed by Checked and are not a credit decision.