Fesial
ActiveSummary
Fesial has been active since 1947 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,141 and a net result of -€28,947. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-82
Solvency58▼-9
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.53 in 2024; short-term debt: 63.6% and cash: 25.6% of total assets), and 67.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.9%
Return on assets
-11.3%
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
77 d early
2023
89 d early
2022
48 d early
2021
30 d early
2020
23 d early
2019
14 d early
← 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 51 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 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 Can you trust this company with building work?Contractor check 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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Walloon Brabant, Construction sector
Equity
€84,141▼ 25.6%
2024 · €113,088
Total assets
€256,035▼ 5.5%
2024 · €270,969
Net result
-€28,947
2024 · €39,227
Working capital
€44,934▼ 44.1%
2024 · €80,363
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€1,838▲ 3.8%€3,600▲ 95.9%-€52,254€39,539-€29,244
Net result€998▼ 34.8%€2,374▲ 138%-€52,023€39,227-€28,947
Equity€123,510▲ 0.8%€125,884▲ 1.9%€73,861▼ 41.3%€113,088▲ 53.1%€84,141▼ 25.6%
Total assets€241,260▲ 44.8%€229,325▼ 4.9%€247,508▲ 7.9%€270,969▲ 9.5%€256,035▼ 5.5%
Debt€117,750▲ 167%€103,441▼ 12.2%€173,647▲ 67.9%€157,881▼ 9.1%€171,894▲ 8.9%
Working capital€75,114▼ 17.1%€91,908▲ 22.4%€40,011▼ 56.5%€80,363▲ 101%€44,934▼ 44.1%
Staff (FTE)2.7▼ 3.6%2.5▼ 7.4%2.42▼ 16.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €29,244 after €39,539 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256,035
Fixed assets
€48,386 ▲ 27.4%
Current assets
€207,649 ▼ 10.9%
Equity and liabilities €256,035
Equity
€84,141 ▼ 25.6%
Debt
€171,894 ▲ 8.9%
Debt's share of the balance-sheet total rises from 58.3% to 67.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€21,660▼
2024 · €46,913
Cash flow
-€21,363▼
2024 · €46,601
Current ratio
1.28▼
2024 · 1.53
Quick ratio
0.98▼
2024 · 1.23
Debt to equity
2.04▲
2024 · 1.40
ROE
-34.4%▼
2024 · 34.7%
ROA
-11.3%▼
2024 · 14.5%
Interest coverage
-70.32▼
2024 · 150.36
Debt ≤ 1 year
€162,715▲
2024 · €152,636
Debt > 1 year
€9,179▲
2024 · €5,245
Staff costs
€161,536▼
2024 · €174,973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 5,827 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €206 | - | - |
| Remuneration, social security and pensions62 | €113,341 | €146,263 | €153,536 | €174,973 | €161,536 | ▼ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,501 | €6,921 | €7,194 | €7,374 | €7,584 | ▲ 2.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €1,069 | -€3,988 | €8,836 | €998 | - | - |
| Other operating charges640/8 | €4,134 | €4,059 | €5,215 | €4,715 | €13,160 | ▲ 179% |
| Gross operating margin9900 | €126,883 | €156,855 | €122,527 | €227,599 | €153,036 | ▼ 32.8% |
| Operating profit (loss)9901 | €1,838 | €3,600 | -€52,254 | €39,539 | -€29,244 | ▼ 174% |
| Financial income75/76B | - | €220 | €594 | - | €605 | - |
| Recurring financial income75 | - | €220 | €594 | - | €21 | - |
| Non-recurring financial income76B | - | €220 | €594 | - | €584 | - |
| Financial charges65/66B | €840 | €1,446 | €363 | €312 | €308 | ▼ 1.3% |
| Recurring financial charges65 | €840 | €1,446 | €363 | €312 | €308 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €998 | €2,374 | -€52,023 | €39,227 | -€28,947 | ▼ 174% |
| Profit (loss) for the period9904 | €998 | €2,374 | -€52,023 | €39,227 | -€28,947 | ▼ 174% |
| Profit (loss) for the period to be appropriated9905 | €998 | €2,374 | -€52,023 | €39,227 | -€28,947 | ▼ 174% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241,260 | €229,325 | €247,508 | €270,969 | €256,035 | ▼ 5.5% |
| Fixed assets21/28 | €48,396 | €43,155 | €43,029 | €37,970 | €48,386 | ▲ 27.4% |
| Tangible fixed assets22/27 | €48,396 | €43,155 | €43,029 | €37,970 | €48,386 | ▲ 27.4% |
| Land and buildings22 | €28,722 | €28,114 | €28,061 | €27,439 | €44,613 | ▲ 62.6% |
| Plant, machinery and equipment23 | - | - | €1,601 | €3,226 | €2,601 | ▼ 19.4% |
| Furniture and vehicles24 | €19,674 | €15,041 | €13,367 | €7,305 | €1,172 | ▼ 84.0% |
| Current assets29/58 | €192,864 | €186,170 | €204,479 | €232,999 | €207,649 | ▼ 10.9% |
| Stocks and contracts in progress3 | €41,381 | €42,210 | €43,425 | €44,867 | €48,412 | ▲ 7.9% |
| Stocks30/36 | €41,381 | €42,210 | €43,425 | €44,867 | €48,412 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €39,238 | €5,506 | €53,888 | €32,202 | €93,613 | ▲ 191% |
| Trade receivables40 | €38,115 | €5,506 | €53,383 | €32,202 | €86,251 | ▲ 168% |
| Other amounts receivable41 | €1,123 | - | €505 | - | €7,362 | - |
| Cash at bank and in hand54/58 | €112,245 | €138,454 | €107,166 | €155,930 | €65,624 | ▼ 57.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241,260 | €229,325 | €247,508 | €270,969 | €256,035 | ▼ 5.5% |
| Equity10/15 | €123,510 | €125,884 | €73,861 | €113,088 | €84,141 | ▼ 25.6% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | - | - | - |
| Issued capital100 | €75,000 | €75,000 | €75,000 | - | - | - |
| Outside capital11 | - | - | - | €75,000 | €75,000 | = |
| Share premium1100/10 | - | - | - | €75,000 | €75,000 | = |
| Reserves13 | €292,500 | €292,500 | €292,500 | €292,500 | €292,500 | = |
| Non-distributable reserves130/1 | €198,975 | €198,975 | €198,975 | €198,975 | €198,975 | = |
| Legal reserve130 | €7,487 | €7,487 | €7,487 | €7,487 | €7,487 | = |
| Other1319 | €191,488 | €191,488 | €191,488 | €191,488 | €191,488 | = |
| Tax-exempt reserves132 | €93,525 | €93,525 | €93,525 | €93,525 | €93,525 | = |
| Profit (loss) carried forward14 | -€243,990 | -€241,616 | -€293,639 | -€254,412 | -€283,359 | ▼ 11.4% |
| Amounts payable17/49 | €117,750 | €103,441 | €173,647 | €157,881 | €171,894 | ▲ 8.9% |
| Amounts payable after more than one year17 | - | €9,179 | €9,179 | €5,245 | €9,179 | ▲ 75.0% |
| Financial debts170/4 | - | €9,179 | €9,179 | €5,245 | €9,179 | ▲ 75.0% |
| Amounts payable within one year42/48 | €117,750 | €94,262 | €164,468 | €152,636 | €162,715 | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | - | €2,923 | - | - | - | - |
| Trade debts44 | €69,574 | €60,289 | €105,688 | €63,991 | €56,103 | ▼ 12.3% |
| Suppliers440/4 | €69,574 | €60,289 | €105,688 | €63,991 | €56,103 | ▼ 12.3% |
| Advances received on contracts in progress46 | €7,865 | €15,695 | - | - | - | - |
| Taxes, remuneration and social security45 | €40,311 | €15,355 | €58,780 | €9,645 | €27,612 | ▲ 186% |
| Taxes450/3 | €11,559 | €3,080 | €17,157 | - | - | - |
| Remuneration and social security454/9 | €28,752 | €12,275 | €41,623 | €9,645 | €27,612 | ▲ 186% |
| Other amounts payable47/48 | - | - | - | €79,000 | €79,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €998 | €2,374 | -€52,023 | €39,227 | -€28,947 | ▼ 174% |
| + Depreciation and write-downs630 | €6,501 | €6,921 | €7,194 | €7,374 | €7,584 | ▲ 2.8% |
| Operating cash flow (approximation) | €7,499 | €9,295 | -€44,829 | €46,601 | -€21,363 | ▼ 146% |
| Investment in fixed assets (approximation) | - | -€1,680 | -€7,068 | -€2,315 | -€18,000 | ▼ 678% |
| Change in cash | - | €26,209 | -€31,288 | €48,764 | -€90,306 | ▼ 285% |
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €39,227
Net result €39,227 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €113,088 ▲53.1%
Equity rises from €73,861 to €113,088.
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€52,023
Net result drops to -€52,023, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,531
Net result €1,531 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Wavre · 1 establishment unit since 1990
Ground area
521 m²
Building footprint
747 m²
Volume, LiDAR
3,240 m³
Parcel 25112C0033/00C002, Wallonia · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Avenue Lavoisier 5, 1300 Wavre
since 19902.006.020.871
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0033/00C002 | Wallonia | 521 m² | 1 · 747 m² | 6.8 m · 1 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.
Similar companies · same sector, comparable size
OGRACCO INVEST
BE 0750.510.873
Dilbeek · Eq €83,813
A.C. First
BE 0899.914.332
Saint-Georges-sur-Meuse · Eq €84,587
PUBRO X
BE 0846.407.845
Herentals · Eq €84,606
ALB WONINGBOUW
BE 0810.294.151
Leopoldsburg · Eq €84,656
Offermans Jeffry
BE 0688.669.910
Riemst · Eq €83,459
Of 4,269 companies in sector 43230 we hold annual accounts for 1,239. 1,044 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-01-1947
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
46720Wholesale of motor vehicle parts and accessories
25999Manufacture of fabricated metal products, except machinery and equipment
47830Retail sale of motorcycles and motorcycle parts and accessories
Contact
E-mail
info@fesial.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0401889113
Also
9925:BE0401889113
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.