FESTOS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FESTOS is 1.2% (low). The 2025 annual accounts show equity of €53k and a net result of €7k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 3026 sector peers (fiscal year 2023). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Persistent losses

Two consecutive loss-making years (2022 and 2023); equity fell accordingly. May indicate structural pressure on profitability.

View the result trend

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 92% of 3026 peers (2023). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	31-08-2026	31 d late	2026-00459984
31-12-2023	31-07-2024	28-10-2024	89 d late	2024-00520805
31-12-2022	31-07-2023	31-10-2023	92 d late	2023-00503783
31-12-2021	31-07-2022	29-09-2022	60 d late	2022-20445351
31-12-2020	31-07-2021	29-10-2021	90 d late	2021-74800553
31-12-2019	31-07-2020	31-08-2020	31 d late	2020-48200228
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-55400179
31-12-2017	31-07-2018	31-08-2018	31 d late	2018-59700298
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-59900065
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-57100326

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1992, 34 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.2% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot included in this filing

EBIT marginNot included in this filing

Net result€7k

Working capital€25k-49.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~17.7%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	85.6%	25.2%	better than 92% of 3026 sector peers
Net result	€-15k	€4k	better than 17% of 3016 sector peers
Equity	€52k	€20k	better than 69% of 3037 sector peers
Gross operating margin	€-11k	€18k	better than 11% of 3006 sector peers
Total assets	€61k	€102k	better than 36% of 3026 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P92

Improving position over 2020-2023 · n=977-3026

Net result P17

Weakening position over 2020-2023 · n=974-3016

Equity P69

Improving position over 2020-2023 · n=981-3037

Gross operating margin P11

Weakening position over 2020-2023 · n=972-3006

Describes the position versus peers, not a forecast.

EBITDA

€15k

- 18-25

Net profit

€7k

- 18-25

Cash flow

€14k

- 18-25

Total assets

€97k

+58.0% 18-25

Equity

€53k

+0.3% 18-25

Working capital

€25k

-49.3% 18-25

Employees (FTE)

0

-100.0% 18-25

Staff costs

€2k

- 18-25

Show 10 other metrics

Income taxes

€1k

+212.1% 18-25

Debt

€44k

+402.0% 18-25

Debt ≤ 1y

€44k

+402.0% 18-25

Current ratio

1.57

-76.4% 18-25

Quick ratio

1.31

-74.3% 18-25

Solvency

54.4%

-36.5% 18-25

Debt / equity

0.84

+400.6% 18-25

ROE

14.1%

- 18-25

ROA

7.6%

- 18-25

Interest coverage

22.80

- 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€15k
Net profit	€7k
Cash flow	€14k
Staff costs	€2k
Income taxes	€1k
Dividends	-
Total assets	€97k
Equity	€53k
Debt	€44k
of which ≤ 1y	€44k
of which > 1y	-
Working capital	€25k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.57
Quick ratio	1.31
Working capital ratio	26.1%
Solvency	54.4%
Debt / equity	0.84
Long-term debt ratio	-
Interest coverage	22.80
Gross margin	-
Net margin	-
ROA	7.6%
ROE	14.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €27k · 28.3% Current assets €69k · 71.8%

Equity & liabilities

Equity €53k · 54.4% Debt €44k · 45.6%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€97k
Fixed assets	21/28	€27k
Tangible fixed assets	22/27	€26k
Financial fixed assets	28	€1k
Current assets	29/58	€69k
Stocks & contracts in progress	3	€12k
Amounts receivable within one year	40/41	€30k
Cash & bank	54/58	€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€97k
Equity	10/15	€53k
Contributions / capital	10/11	€6k
Reserves	13	€46k
Accumulated profits (losses)	14	€110
Amounts payable	17/49	€44k
Amounts payable within one year	42/48	€44k
Trade debts payable within one year	44	€7k
Income statement
Gross operating margin	9900	€17k
Operating result	9901	€8k
Financial income	75	€994
Financial charges	65	€641
Result before taxes	9903	€8k
Income taxes	67/77	€1k
Net result for the period	9904	€7k
Result to be appropriated	9905	€7k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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 du Sommet(Pessoux) 145590 Ciney

Establishment units

2 locations

LA CRETE BY MANOLIS

Rue des Planais,Sart 1, 6880 BertrixHandelsbemiddeling in de groothandel in andere specifieke goederen

since 19942.061.410.148

Libramont,Rue du Serpont 63, 6800 Libramont-Chevigny

Kleinhandel in kruiderijen en specerijen

since 20252.384.442.815

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,110 m²

Buildings2

Building footprint275 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91106A0353/00C000	Wallonia	1,792 m²	1 · 186 m²	-
84030A0067/00B000	Wallonia	318 m²	1 · 89 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 act

Address history · 1

15-01-2024

Registered-office move

All acts · 1 updated 2 years ago

2024

15-01-2024 Registered office moved from Libramont to Pessoux Registered-office change·Géraldine KOECKX

6800 Libramont, Rue de la Gare, 21 → 5590 Pessoux, Rue Sommet, 14

Notary: Géraldine KOECKX · Neufchâteau

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 70

Solvency 87

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Similar

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Comparable size, same sector

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We hold annual accounts for 447 of the 4,436 companies in this sector. 342 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Handelsbemiddeling in de groothandel in andere specifieke goederen46180Activiteiten van eetgelegenheden met volledige bediening56111Overige detailhandel in voedingsmiddelen, neg47279Uitzendkoks en verzorgen van feesten en recepties55522Catering van evenementen56210Bemiddelingsactiviteiten in verband met eet- en drinkgelegenheden56400

Primary activity highlighted.

Names & trade names

Legal nameFR

FESTOS

Registered office

Rue du Sommet(Pessoux) 14

5590 Ciney, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.