FETTWEIS
ActiveSummary
FETTWEIS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €463,697 and a net result of €44,715. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 16% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-13
Solvency37▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.84 against 1.81 in 2024; short-term debt: 59% and cash: 5% of total assets), and 88.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
11.7%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 158 sector peers (2025).
NBB · sector comparisonPosition among 158 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
30 d late
2022
22 d late
2021
58 d early
2020
40 d early
2019
31 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 3 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44,715▼ 74.9%
2024 · €178,134
Working capital
-€385,681
2024 · €586,419
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€159,994▲ 45.9%€192,864▲ 20.5%€208,182▲ 7.9%€224,254▲ 7.7%€78,577▼ 65.0%
Net result€137,900within the sector's middle half▲ 83.3%€138,812within the sector's middle half▲ 0.7%€143,287within the sector's middle half▲ 3.2%€178,134within the sector's middle half▲ 24.3%€44,715within the sector's middle half▼ 74.9%
Equity€183,750below the sector's middle half▼ 60.8%€257,562below the sector's middle half▲ 40.2%€340,848below the sector's middle half▲ 32.3%€418,982below the sector's middle half▲ 22.9%€463,697within the sector's middle half▲ 10.7%
Total assets€1.4mbelow the sector's middle half▲ 34.0%€1.8mbelow the sector's middle half▲ 27.4%€1.3mbelow the sector's middle half▼ 25.8%€1.5mbelow the sector's middle half▲ 15.7%€4.0mabove the sector's middle half▲ 162%
Debt€1.2m▲ 113%€1.5m▲ 25.4%€969,208▼ 35.8%€1.1m▲ 13.2%€3.5m▲ 220%
Working capital€188,125within the sector's middle half▼ 46.5%€548,322within the sector's middle half▲ 191%€564,185within the sector's middle half▲ 2.9%€586,419within the sector's middle half▲ 3.9%-€385,681below the sector's middle half
Solvency13.2%below the sector's middle half▼ 32.0pp14.6%below the sector's middle half▲ 1.3pp26.0%within the sector's middle half▲ 11.4pp27.6%within the sector's middle half▲ 1.6pp11.7%below the sector's middle half▼ 16.0pp
Current ratio1.17within the sector's middle half▼ 0.561.52within the sector's middle half▲ 0.362.02within the sector's middle half▲ 0.501.81within the sector's middle half▼ 0.210.84below the sector's middle half▼ 0.98
Return on assets (ROA)9.9%within the sector's middle half▲ 2.7pp7.9%within the sector's middle half▼ 2.1pp10.9%above the sector's middle half▲ 3.1pp11.8%above the sector's middle half▲ 0.8pp1.1%within the sector's middle half▼ 10.6pp
Staff (FTE)0.5below the sector's middle half=1.3below the sector's middle half▲ 160%1.5below the sector's middle half▲ 15.4%1.1below the sector's middle half▼ 26.7%1.2below the sector's middle half▲ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -75% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€2.0m ▲ 867%
Current assets
€2.0m ▲ 49.9%
Equity and liabilities €4.0m
Equity
€463,697 ▲ 10.7%
Debt
€3.5m ▲ 220%
Debt's share of the balance-sheet total rises from 72.4% to 88.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€151,344▼
2024 · €250,327
Cash flow
€117,482▼
2024 · €204,207
Quick ratio
0.52▼
2024 · 0.57
Debt to equity
7.57▲
2024 · 2.62
ROE
9.6%▼
2024 · 42.5%
Interest coverage
7.28▼
2024 · 11.29
Debt ≤ 1 year
€2.3m▲
2024 · €721,435
Debt > 1 year
€1.2m▲
2024 · €375,095
Income taxes
€14,271▼
2024 · €25,046
Staff costs
€45,448▲
2024 · €27,813
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,984 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 | €1,500 | - | €12,000 | €12,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €27,943 | €61,397 | €34,755 | €27,813 | €45,448 | ▲ 63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,818 | €25,511 | €15,977 | €26,073 | €72,767 | ▲ 179% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €16,142 | -€367 | -€1,427 | -€6,174 | €3,740 | ▲ 161% |
| Other operating charges640/8 | €23,105 | €9,889 | €9,127 | €9,749 | €10,229 | ▲ 4.9% |
| Non-recurring operating charges66A | - | €647 | - | - | €119 | - |
| Gross operating margin9900 | €239,001 | €289,942 | €266,614 | €281,716 | €210,880 | ▼ 25.1% |
| Operating profit (loss)9901 | €159,994 | €192,864 | €208,182 | €224,254 | €78,577 | ▼ 65.0% |
| Financial income75/76B | €3,281 | €657 | €683 | €1,089 | €1,191 | ▲ 9.4% |
| Recurring financial income75 | €3,281 | €657 | €683 | €1,089 | €1,191 | ▲ 9.4% |
| Financial charges65/66B | €14,992 | €27,626 | €38,972 | €22,163 | €20,781 | ▼ 6.2% |
| Recurring financial charges65 | €14,992 | €27,626 | €38,972 | €22,163 | €20,781 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €148,283 | €165,896 | €169,893 | €203,180 | €58,986 | ▼ 71.0% |
| Income taxes67/77 | €10,382 | €27,084 | €26,607 | €25,046 | €14,271 | ▼ 43.0% |
| Profit (loss) for the period9904 | €137,900 | €138,812 | €143,287 | €178,134 | €44,715 | ▼ 74.9% |
| Profit (loss) for the period to be appropriated9905 | €137,900 | €138,812 | €143,287 | €178,134 | €44,715 | ▼ 74.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.8m | €1.3m | €1.5m | €4.0m | ▲ 162% |
| Fixed assets21/28 | €66,805 | €166,732 | €193,067 | €208,115 | €2.0m | ▲ 867% |
| Intangible fixed assets21 | - | €2,654 | €2,098 | €1,542 | €986 | ▼ 36.1% |
| Tangible fixed assets22/27 | €66,805 | €164,079 | €188,911 | €204,516 | €2.0m | ▲ 882% |
| Land and buildings22 | €57,927 | €150,147 | €176,548 | €173,974 | €2.0m | ▲ 1,038% |
| Plant, machinery and equipment23 | - | €5,050 | €5,760 | €3,910 | €8,236 | ▲ 111% |
| Furniture and vehicles24 | €8,878 | €8,882 | €6,603 | €26,632 | €19,915 | ▼ 25.2% |
| Financial fixed assets28 | - | - | €2,058 | €2,058 | €2,916 | ▲ 41.7% |
| Current assets29/58 | €1.3m | €1.6m | €1.1m | €1.3m | €2.0m | ▲ 49.9% |
| Stocks and contracts in progress3 | €437,393 | €1.2m | €464,214 | €896,497 | €739,555 | ▼ 17.5% |
| Stocks30/36 | €437,393 | €1.2m | €464,214 | €896,497 | €739,555 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €525,559 | €359,076 | €328,107 | €229,577 | €798,028 | ▲ 248% |
| Trade receivables40 | €524,886 | €358,930 | €324,056 | €223,762 | €786,386 | ▲ 251% |
| Other amounts receivable41 | €673 | €147 | €4,051 | €5,816 | €11,642 | ▲ 100% |
| Cash at bank and in hand54/58 | €353,277 | €28,217 | €316,032 | €93,555 | €197,651 | ▲ 111% |
| Deferred charges and accrued income490/1 | €3,859 | €60,523 | €8,637 | €88,225 | €225,050 | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.8m | €1.3m | €1.5m | €4.0m | ▲ 162% |
| Equity10/15 | €183,750 | €257,562 | €340,848 | €418,982 | €463,697 | ▲ 10.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €163,290 | €237,102 | €320,388 | €398,522 | €443,237 | ▲ 11.2% |
| Amounts payable17/49 | €1.2m | €1.5m | €969,208 | €1.1m | €3.5m | ▲ 220% |
| Amounts payable after more than one year17 | €69,643 | €456,189 | €415,867 | €375,095 | €1.2m | ▲ 209% |
| Financial debts170/4 | €69,643 | €456,189 | €415,867 | €375,095 | €1.2m | ▲ 209% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €552,806 | €721,435 | €2.3m | ▲ 225% |
| Current portion of amounts payable after more than one year42 | €12,350 | €42,144 | €42,614 | €43,089 | €43,569 | ▲ 1.1% |
| Financial debts43 | €500,000 | €475,000 | €200,000 | €100,000 | €1.0m | ▲ 900% |
| Credit institutions430/8 | €500,000 | €475,000 | €200,000 | €100,000 | €1.0m | ▲ 900% |
| Trade debts44 | €180,525 | €166,341 | €60,667 | €177,472 | €673,391 | ▲ 279% |
| Suppliers440/4 | €180,525 | €166,341 | €60,667 | €177,472 | €673,391 | ▲ 279% |
| Taxes, remuneration and social security45 | €19,089 | €17,001 | €11,021 | €2,662 | €61,794 | ▲ 2,221% |
| Taxes450/3 | €10,218 | €8,822 | €7,835 | €146 | €52,803 | ▲ 35,953% |
| Remuneration and social security454/9 | €8,871 | €8,179 | €3,186 | €2,516 | €8,991 | ▲ 257% |
| Other amounts payable47/48 | €420,000 | €350,709 | €238,504 | €398,212 | €567,211 | ▲ 42.4% |
| Accrued charges and deferred income492/3 | €1,536 | €1,303 | €536 | €458 | €4,402 | ▲ 861% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137,900 | €138,812 | €143,287 | €178,134 | €44,715 | ▼ 74.9% |
| + Depreciation and write-downs630 | €11,818 | €25,511 | €15,977 | €26,073 | €72,767 | ▲ 179% |
| Operating cash flow (approximation) | €149,718 | €164,323 | €159,264 | €204,207 | €117,482 | ▼ 42.5% |
| Investment in fixed assets (approximation) | - | -€125,439 | -€42,312 | -€41,122 | -€1.9m | ▼ 4,465% |
| Change in cash | - | -€325,059 | €287,814 | -€222,477 | €104,096 | ▲ 147% |
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
09-09
State Gazette act
Permanent representative: Alain DEGENAppointment: Scomm ADN AND PARTNERS (director) · Power of attorney5 facts ▸
State Gazette act
Permanent representative: Alain DEGEN
Appointment: Scomm ADN AND PARTNERS (director) · Power of attorney5 facts ▸
- General meeting, 16-10-2025
- Permanent representative, Alain DEGEN (permanent representative)
- Director appointment, Scomm ADN AND PARTNERS (director)
- Power of attorney, Jean-Michel COLLARD (représentant la s.comm. jean michel collard, administrateur délégué de la srl aco compta)
- Power of attorney
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €178,134 ▲24.3%
Operating result €224,254, net result €178,134, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Equity above €200,000Eq €257,562 ▲40.2%
5 profitable years in a row build equity to €257,562.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
Board 1
ADN AND PARTNERS
CurrentDirector · since 02-10-2025 · Limited partnership · perm. rep.: Arnaud DEGEN
Permanent representatives 1
Arnaud DEGEN
CurrentPermanent representative · since 02-10-2025 · for ADN AND PARTNERS
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Verviers · 2 establishment units since 1999
Ground area
6,704 m²
Building footprint
1,778 m²
Volume, LiDAR
429 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
FETTWEIS PACKAGING
since 19992.091.047.212
FETTWEIS PACKAGING
since 20252.390.088.314
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63043B0460/00T000 | Wallonia | 6,643 m² | 1 · 1,720 m² | - |
| 63022A0654/00B004 | Wallonia | 61 m² | 1 · 58 m² | 7.7 m · 2 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.
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| ADN AND PARTNERS |
|
Structure & network
Owners and holdings
1 ownerChain of control
- TRADE INVEST
- FETTWEIS
Highest known parent: TRADE INVEST. The sources do not say who stands above it.
Owners 1
- TRADE INVESTparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Linked via shared directors
DEGEN TRAVEL
Shared corporate director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Company details
Identification
Legal formPrivate limited company
Founded27-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
46493Wholesale trade
13929Manufacture of textiles
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465806470
Also
9925:BE0465806470
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.