Summary
Fets is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10,647 and a net result of €14,745. Its solvency ranks better than 22% of 9,737 sector peers (NACE 64, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €120,000turnover 2025, estimated
- Equity
- €10,647
- Profit
- €14,745
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Van Brusselen StefDirector
- Stéphanie NolfDirector
2025 accounts filed 27 days late3 of 4 deeds summarised
Signalsraises riskWeak solvency vs sector2025 accounts filed 27 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9737 sector peers (2025).
NBB · sector comparisonPosition among 9737 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · 2025 accounts filed 27 days late
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. 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 · 2 filingsDeviation from the deadline
2025
27 days late
2024
89 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 31 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Appointment: Stéphanie Nolf (director)Gazette deed
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00435179.
Equity
€10,647▼ 35.6%
2024 · €16,544
Net result
€14,745▲ 199%
2024 · €4,928
Total assets
€64,625▲ 55.9%
2024 · €41,457
Solvency
16.5%▼ 23.4pp
2024 · 39.9%
Trend over the years
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 198% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€14,844
2025
Net result€14,745
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€64,625
2025
Equity€10,647
2025
Debt€53,978
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€17,626
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)22.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency16.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.65
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€4,980-€14,844▲ 198%
Net result€4,928within the sector's middle half-€14,745within the sector's middle half▲ 199%
Equity€16,544below the sector's middle half-€10,647below the sector's middle half▼ 35.6%
Total assets€41,457below the sector's middle half-€64,625below the sector's middle half▲ 55.9%
Debt€24,913-€53,978▲ 117%
Working capital€292within the sector's middle half--€17,626within the sector's middle half
Solvency39.9%within the sector's middle half-16.5%below the sector's middle half▼ 23.4pp
Current ratio1.01within the sector's middle half-0.65below the sector's middle half▼ 0.36
Return on assets (ROA)11.9%within the sector's middle half-22.8%within the sector's middle half▲ 10.9pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,625
Fixed assets
€31,715 ▲ 95.2%
Current assets
€32,910 ▲ 30.6%
Equity and liabilities €64,625
Equity
€10,647 ▼ 35.6%
Debt
€53,978 ▲ 117%
Debt's share of the balance-sheet total rises from 60.1% to 83.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
138.5%▲
2024 · 29.8%
Debt ≤ 1 year
€50,536▲
2024 · €24,913
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,962 | €7,850 | ▼ 21.2% |
| Other operating charges640/8 | €958 | €1,427 | ▲ 49.0% |
| Non-recurring operating charges66A | €328 | - | - |
| Gross operating margin9900 | €16,228 | €24,121 | ▲ 48.6% |
| Operating profit (loss)9901 | €4,980 | €14,844 | ▲ 198% |
| Financial income75/76B | €3 | - | - |
| Recurring financial income75 | €3 | - | - |
| Financial charges65/66B | €54 | €99 | ▲ 82.5% |
| Recurring financial charges65 | €54 | €99 | ▲ 82.5% |
| Profit (loss) for the period before taxes9903 | €4,928 | €14,745 | ▲ 199% |
| Profit (loss) for the period9904 | €4,928 | €14,745 | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €4,928 | €14,745 | ▲ 199% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41,457 | €64,625 | ▲ 55.9% |
| Formation expenses20 | €0 | - | - |
| Fixed assets21/28 | €16,252 | €31,715 | ▲ 95.2% |
| Tangible fixed assets22/27 | €16,252 | €31,715 | ▲ 95.2% |
| Plant, machinery and equipment23 | €5,692 | €7,012 | ▲ 23.2% |
| Furniture and vehicles24 | €10,559 | €19,302 | ▲ 82.8% |
| Other tangible fixed assets26 | - | €5,401 | - |
| Current assets29/58 | €25,205 | €32,910 | ▲ 30.6% |
| Amounts receivable within one year40/41 | €24,346 | €3,705 | ▼ 84.8% |
| Trade receivables40 | €24,346 | €3,705 | ▼ 84.8% |
| Cash at bank and in hand54/58 | €293 | €25,507 | ▲ 87× |
| Deferred charges and accrued income490/1 | €566 | €3,697 | ▲ 553% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41,457 | €64,625 | ▲ 55.9% |
| Equity10/15 | €16,544 | €10,647 | ▼ 35.6% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €20,179 | €9,037 | ▼ 55.2% |
| Distributable reserves133 | €20,179 | €9,037 | ▼ 55.2% |
| Profit (loss) carried forward14 | -€4,635 | €610 | - |
| Amounts payable17/49 | €24,913 | €53,978 | ▲ 117% |
| Amounts payable within one year42/48 | €24,913 | €50,536 | ▲ 103% |
| Trade debts44 | €4,634 | €3,294 | ▼ 28.9% |
| Suppliers440/4 | €4,634 | €3,294 | ▼ 28.9% |
| Taxes, remuneration and social security45 | €523 | €6,845 | ▲ 13× |
| Taxes450/3 | €523 | €6,845 | ▲ 13× |
| Other amounts payable47/48 | €19,755 | €40,397 | ▲ 104% |
| Accrued charges and deferred income492/3 | - | €3,442 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,928 | €14,745 | ▲ 199% |
| + Depreciation and write-downs630 | €9,962 | €7,850 | ▼ 21.2% |
| Operating cash flow (approximation) | €14,890 | €22,595 | ▲ 51.7% |
| Investment in fixed assets (approximation) | - | -€23,314 | - |
| Change in cash | - | €25,214 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00435179 |
| 31-12-2024 | micro format | 03-05-2025 | 2025-00086378 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,124. 5,540 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2025
Van Brusselen Stef
CurrentDirector (not named in the articles) · since 06-11-2024
Stéphanie Nolf
CurrentDirector · since 01-04-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 4 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Van Brusselen Stef |
|
| Stéphanie Nolf |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 03-01-2024 ↗
- Stef Van Brusselen gecommanditeerde vennoot
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 03-01-2024 Converted to available equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
financial year 2025 · micro format · 27 days late
2025
19-05
Gazette deed
Appointment: Stéphanie Nolf (director)2 facts ▸
Gazette deed
Appointment: Stéphanie Nolf (director)
2 facts ▸
- General meeting, 03-05-2025
- Director appointment, Stéphanie Nolf (director)
03-05
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
14-11
Gazette deed
Appointment: Van Brusselen Stef (director)Resignation: Van Brusselen Stef (manager) · Director discharge · Purpose change11 facts ▸
Gazette deed
Appointment: Van Brusselen Stef (director)
Resignation: Van Brusselen Stef (manager) · Director discharge · Purpose change11 facts ▸
- Director appointment, Van Brusselen Stef (director (not named in the articles))
- Director resignation, Van Brusselen Stef (manager)
- Director discharge, Van Brusselen Stef
- General meeting, 06-11-2024
- Other provision, “handelsbenamingen, toevoegen” (deed in Dutch)
- Purpose change
- Other provision, “ontslag voorlezing verslagen, omzetting naar besloten vennootschap” (deed in Dutch)
- Auditor report, “geen overwaardering nettoactief, beoordeling,geen controle redelijke zekerheid” (deed in Dutch)
- Legal-form conversion, “Besloten Vennootschap” (deed in Dutch)
- Accounting effect, 01-09-2024
- Other provision, 100, “één aandeel besloten vennootschap tegen één aandeel commanditaire vennootschap” (deed in Dutch)
03-01
Gazette deed
Appointment: Stef Van Brusselen (manager)Permanent representative: Nicolas Olivier · Amendment of the articles · Registered office clause9 facts ▸
Gazette deed
Appointment: Stef Van Brusselen (manager)
Permanent representative: Nicolas Olivier · Amendment of the articles · Registered office clause9 facts ▸
- General meeting, 27-11-2023
- Amendment of the articles (2 times)
- Registered office clause, “precies adres buiten de statuten laten, verwijzing naar het adres geschrapt uit de statuten” (deed in Dutch)
- Capital conversion, “eigenvermogensrekening 'beschikbare inbrengen'” (deed in Dutch)
- Other provision, “aansprakelijkheid gecommanditeerde vennoot voor oude verbintenissen, gecommanditeerde vennoot blijft ten aanzien van derden hoofdelijk en onbeperkt aansprakelij…” (deed in Dutch)
- Capital, €1,000
- Partner, Stef Van Brusselen (general partner)
- Director appointment, Stef Van Brusselen (manager (not named in the articles))
- Permanent representative, Nicolas Olivier
Gazette deedNBB filing
3 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded20-08-2018
Financial year end31-12
Trade name NL
Novabru/Officers/Gotta
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701853396
Registered
21-10-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2018
Ground area
2,429 m²
Building footprint
187 m²
Building volume
1,027 m³
Parcel 11027B0125/00E000, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Fets
since 2018unit no. 2.279.959.165
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11027B0125/00E000 | Flanders | 2,429 m² | 1 · 187 m² | 7.8 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het organiseren en uitvoeren van secretariaats-en administratief werk in de ruimste zin waaronder ten titel van voorbeeld en dus niet…” (deed in Dutch)
18 activities (deed in Dutch)
- Het organiseren en uitvoeren van secretariaats-en administratief werk in de ruimste zin waaronder ten titel van voorbeeld en dus niet beperkend het opmaken van bestekken en meetstaten.
- Onder welke vorm ook,bijstand en diensten verlenen op financieel,technisch,commercieel,juridisch en administratief vlak,onder meer door het verlenen van adviezen,het waarnemen van alle mogelijke opdrachten en de activiteiten van controle en auditing,voor zoveel als wettelijk toegelaten;het verlenen van persoonlijke of zakelijke waarborgen.
- Het verstrekken en de begeleiding van (beroeps)opleidingen,onderwijs,(her)scholing en dit zowel op permanente als op occasionele wijze,zowel volgens de traditionele onderwijsmethodes als schriftelijk of audiovisueel of door middel van seminaries.
- Uitvoeren van consultancy opdrachten en ontwikkelen van projecten op het domein van energie en leefmilieu.Organiseren van vorming en opleiding op het vlak van energie,leefmilieu en duurzame ontwikkeling.Productie van hernieuwbare energie,zoals windenergie,zonenergie,biomassa e.d.
- Initiatieven en projecten ter verbetering van het leefmilieu en de biodiversiteit en het tegengaan van de opwarming van de aarde.
- Ontwikkeling,productie,exploitatie,promotie en verkoop van streekgerichte initiatieven en producten.
- Consulting inzake en ontwikkeling van vorm en design van producten,goederen en diensten en hun marketing.
- Ontwikkeling,productie,exploitatie,promotie en verkoop van streekgerichte initiatieven en producten.
- Het bouwen en laten bouwen d.m.v.projectontwikkeling,het verwerven,beheren,exploiteren,huren en verhuren,vervreemden van onroerende goederen en zaken in het binnen-en buitenland,hetzij voor eigen rekening hetzij voor rekening van derden en alle activiteiten die hiermee samenhangen.
- Initiatieven ter bevordering van de kringloopeconomie,zoals productie en verkoop van producten in gesloten kringloop (C2C) en aankoop,herstelling en verkoop van tweedehandsproducten.
- Communicatiebegeleiding en copywriting.
- Fotografie-opdrachten (reportages,ontwikkeling…).
- Managementbegeleiding,coaching,consultancy en strategiebegeleiding voor bedrijven,non-profit organisaties en besturen.
- Allerhande bouw- en verbouwingswerken.
- Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die de verwezenlijking van het voorwerp bevorderen.
- Het besturen en leiden van vennootschappen,ondernemingen en verenigingen met eender welk voorwerp,en de onderafdelingen daarvan welke ook de betiteling ervan is,en daartoe dus mandaten van bestuurder,zaakvoerder,commissaris of om het even welk ander mandaat uitoefenen.
- De financiering van vennootschappen.
- Het geven van adviezen,het maken van studies,het voorbereiden en opstarten van organisatiesystemen,het in toepassing brengen van systemen voor gegevensverwerking en alle technieken in verband met het technisch,administratief,economisch,sociaal en algemeen beheer van ondernemingen van industriële of dienstverlenende aard.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Fets
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuur aantal benoeming, algemene vergadering bepaalt aantal en duur” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “In onderling akkoord,of bij gebreke van akkoord tegen een prijs vast te stellen door een deskundige,aangewezen door de voorzitter van de…” (deed in Dutch)
- Membership ruleWho can become a member or partner, and on what terms.
- “Artikel 7, overblijvende vennoten kunnen een persoon aanduiden die de aandelen van de erfgenamen overneemt tegen vastgestelde prijs” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed