FEVAL
ActiveSummary
FEVAL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €159,905 and a net result of -€68,774. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 9619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability53▼-15
Solvency40▼-6
Growth63▼-19
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.83 in 2023; short-term debt: 52.4% and cash: 7.3% of total assets), and 84.5% of the assets are financed with debt.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
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 2024Solvency, return and age of the figures
Solvency
15.5%
Return on assets
-6.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9619 sector peers (2024).
NBB · sector comparisonPosition among 9619 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 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
not confirmed
2024
81 d late
2023
65 d late
2022
30 d late
2021
193 d late
2020
61 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 74 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€2.6m▲ 5.1%
2023 · €2.5m
EBIT margin
-1.5%▼ 5.2pp
2023 · 3.8%
Net result
-€68,774
2023 · €22,085
Working capital
-€266,279▼ 346%
2023 · -€59,732
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€2.3m▲ 66.6%€2.4m▲ 3.3%€2.3m▼ 3.6%€2.5m▲ 10.0%€2.6m▲ 5.1%
Operating result€143,736▲ 361%€97,146▼ 32.4%€54,061▼ 44.4%€93,708▲ 73.3%-€38,437
Net result€97,426above the sector's middle half▲ 941%€64,830within the sector's middle half▼ 33.5%€26,763within the sector's middle half▼ 58.7%€22,085within the sector's middle half▼ 17.5%-€68,774below the sector's middle half
EBIT margin6.3%▲ 4.0pp4.1%▼ 2.2pp2.4%▼ 1.7pp3.8%▲ 1.4pp-1.5%▼ 5.2pp
Equity€115,002within the sector's middle half▲ 554%€179,832within the sector's middle half▲ 56.4%€206,595within the sector's middle half▲ 14.9%€228,679within the sector's middle half▲ 10.7%€159,905within the sector's middle half▼ 30.1%
Total assets€883,515within the sector's middle half▲ 74.1%€1.2mwithin the sector's middle half▲ 40.8%€1.3mwithin the sector's middle half▲ 7.2%€1.1mwithin the sector's middle half▼ 17.8%€1.0mwithin the sector's middle half▼ 5.9%
Debt€756,275▲ 59.0%€1.1m▲ 39.1%€1.1m▲ 6.0%€855,467▼ 23.3%€859,709▲ 0.5%
Working capital-€257,402▼ 47.4%-€167,296▲ 35.0%-€15,645▲ 90.6%-€59,732▼ 282%-€266,279▼ 346%
Solvency13.0%within the sector's middle half▲ 9.6pp14.5%within the sector's middle half▲ 1.4pp15.5%within the sector's middle half▲ 1.0pp20.9%within the sector's middle half▲ 5.4pp15.5%below the sector's middle half▼ 5.4pp
Staff (FTE)1.9below the sector's middle half▲ 46.2%2.9within the sector's middle half▲ 52.6%5.1within the sector's middle half▲ 75.9%3.6within the sector's middle half▼ 29.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €38,437 after €93,708 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€757,548 ▼ 6.6%
Current assets
€274,304 ▼ 3.9%
Equity and liabilities €1.0m
Equity
€159,905 ▼ 30.1%
Provisions
€12,238 =
Debt
€859,709 ▲ 0.5%
Debt's share of the balance-sheet total rises from 78.0% to 83.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€144,866▼
2023 · €256,338
Cash flow
€114,529▼
2023 · €184,714
Current ratio
0.51▼
2023 · 0.83
Quick ratio
0.27▼
2023 · 0.43
Debt to equity
5.38▲
2023 · 3.74
ROE
-43.0%▼
2023 · 9.7%
ROA
-6.7%▼
2023 · 2.0%
Interest coverage
5.69▼
2023 · 9.93
Debt ≤ 1 year
€540,583▲
2023 · €345,061
Debt > 1 year
€319,126▼
2023 · €510,406
Income taxes
€10,635▼
2023 · €46,015
Staff costs
€101,550▼
2023 · €112,011
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 2,501 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.3m | €2.4m | €2.3m | €2.5m | €2.6m | ▲ 5.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €2.1m | €2.0m | €2.1m | €2.5m | ▲ 21.5% |
| Remuneration, social security and pensions62 | - | €70,302 | €117,021 | €112,011 | €101,550 | ▼ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,883 | €106,576 | €135,865 | €162,630 | €183,303 | ▲ 12.7% |
| Other operating charges640/8 | - | €22,092 | €9,460 | €31,999 | €16,563 | ▼ 48.2% |
| Non-recurring operating charges66A | - | - | - | €37,902 | - | - |
| Gross operating margin9900 | €313,556 | €296,116 | €316,407 | €438,250 | €262,979 | ▼ 40.0% |
| Operating profit (loss)9901 | €143,736 | €97,146 | €54,061 | €93,708 | -€38,437 | ▼ 141% |
| Financial income75/76B | - | €12,189 | €2 | €199 | €5,737 | ▲ 2,781% |
| Recurring financial income75 | €1,530 | €12,189 | €2 | €199 | €5,737 | ▲ 2,781% |
| Financial charges65/66B | - | €10,874 | €9,789 | €25,807 | €25,439 | ▼ 1.4% |
| Recurring financial charges65 | €6,982 | €10,874 | €9,789 | €25,807 | €25,439 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €138,283 | €98,461 | €44,274 | €68,100 | -€58,139 | ▼ 185% |
| Income taxes67/77 | €42,896 | €33,632 | €17,511 | €46,015 | €10,635 | ▼ 76.9% |
| Profit (loss) for the period9904 | €97,426 | €64,830 | €26,763 | €22,085 | -€68,774 | ▼ 411% |
| Profit (loss) for the period to be appropriated9905 | €101,387 | €64,830 | €26,763 | €22,085 | -€68,774 | ▼ 411% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €883,515 | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 5.9% |
| Fixed assets21/28 | €561,686 | €703,264 | €658,225 | €811,056 | €757,548 | ▼ 6.6% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €561,558 | €703,136 | €658,097 | €810,928 | €757,420 | ▼ 6.6% |
| Plant, machinery and equipment23 | - | €23,369 | €16,278 | €11,138 | €10,898 | ▼ 2.2% |
| Furniture and vehicles24 | - | €155,935 | €138,106 | €326,083 | €273,005 | ▼ 16.3% |
| Other tangible fixed assets26 | - | €523,833 | €503,712 | €473,706 | €473,517 | = |
| Financial fixed assets28 | €128 | €128 | €128 | €128 | €128 | = |
| Current assets29/58 | €321,829 | €540,861 | €675,915 | €285,328 | €274,304 | ▼ 3.9% |
| Stocks and contracts in progress3 | €8,493 | €106,107 | €92,754 | €136,386 | €126,055 | ▼ 7.6% |
| Stocks30/36 | - | €106,107 | €92,754 | €136,386 | €126,055 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €19,918 | €50,273 | €27,104 | €52,576 | €66,855 | ▲ 27.2% |
| Trade receivables40 | - | €22,144 | €19,063 | €44,612 | €39,173 | ▼ 12.2% |
| Other amounts receivable41 | - | €28,129 | €8,041 | €7,964 | €27,682 | ▲ 248% |
| Cash at bank and in hand54/58 | €290,566 | €379,805 | €552,223 | €90,212 | €75,239 | ▼ 16.6% |
| Deferred charges and accrued income490/1 | - | €4,676 | €3,834 | €6,155 | €6,155 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €883,515 | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 5.9% |
| Equity10/15 | €115,002 | €179,832 | €206,595 | €228,679 | €159,905 | ▼ 30.1% |
| Contributions10/11 | €17,200 | €17,200 | €17,200 | €17,200 | €17,200 | = |
| Capital10 | - | €17,200 | €17,200 | €17,200 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | €1,400 | €1,400 | €1,400 | - | - |
| Reserves13 | €25,845 | €25,845 | €25,845 | €25,845 | €25,845 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €23,762 | €23,762 | €23,762 | €23,762 | = |
| Distributable reserves133 | - | €223 | €223 | €2,083 | €2,083 | = |
| Profit (loss) carried forward14 | €71,956 | €136,786 | €163,549 | €185,634 | €116,859 | ▼ 37.0% |
| Provisions and deferred taxes16 | €12,238 | €12,238 | €12,238 | €12,238 | €12,238 | = |
| Deferred taxes168 | - | €12,238 | €12,238 | €12,238 | €12,238 | = |
| Amounts payable17/49 | €756,275 | €1.1m | €1.1m | €855,467 | €859,709 | ▲ 0.5% |
| Amounts payable after more than one year17 | €177,044 | €343,898 | €423,748 | €510,406 | €319,126 | ▼ 37.5% |
| Financial debts170/4 | - | €343,898 | €423,748 | €510,406 | €319,126 | ▼ 37.5% |
| Amounts payable within one year42/48 | €579,231 | €708,157 | €691,559 | €345,061 | €540,583 | ▲ 56.7% |
| Current portion of amounts payable after more than one year42 | - | €84,907 | €15,977 | €128,188 | €124,884 | ▼ 2.6% |
| Trade debts44 | €340,813 | €432,141 | €503,793 | €12,686 | €339,059 | ▲ 2,573% |
| Suppliers440/4 | - | €432,141 | €503,793 | €12,686 | €339,059 | ▲ 2,573% |
| Advances received on contracts in progress46 | - | €83,662 | €83,662 | €83,662 | - | - |
| Taxes, remuneration and social security45 | - | €43,310 | €47,621 | €97,876 | €65,326 | ▼ 33.3% |
| Taxes450/3 | - | €32,811 | €33,919 | €69,697 | €44,588 | ▼ 36.0% |
| Remuneration and social security454/9 | - | €10,498 | €13,703 | €28,179 | €20,738 | ▼ 26.4% |
| Other amounts payable47/48 | - | €64,138 | €40,507 | €22,649 | €11,313 | ▼ 50.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,426 | €64,830 | €26,763 | €22,085 | -€68,774 | ▼ 411% |
| + Depreciation and write-downs630 | €71,883 | €106,576 | €135,865 | €162,630 | €183,303 | ▲ 12.7% |
| Operating cash flow (approximation) | €169,309 | €171,405 | €162,628 | €184,714 | €114,529 | ▼ 38.0% |
| Investment in fixed assets (approximation) | - | -€248,154 | -€90,826 | -€315,460 | -€129,795 | ▲ 58.9% |
| Change in cash | - | €89,239 | €172,418 | -€462,012 | -€14,972 | ▲ 96.8% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 81 days late
2024
31-12
Financial
Weakest financial yearnet -€68,774
Net result drops to -€68,774, the lowest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 193 days late
2022
31-12
Financial
Equity above €200,000Eq €206,595 ▲14.9%
4 profitable years in a row build equity to €206,595.
2021
31-12
Financial
Equity above €150,000Eq €179,832 ▲56.4%
3 profitable years in a row build equity to €179,832.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €97,426 ▲941%
Operating result €143,736, net result €97,426, both a record.
31-12
Financial
Equity above €100,000Eq €115,002 ▲554%
2 profitable years in a row build equity to €115,002.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-12
Financial
Back to profitnet €9,361
Net result €9,361 after one loss-making year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Asse · 1 establishment unit since 2002
Ground area
1,438 m²
Building footprint
107 m²
Volume, LiDAR
1,158 m³
Parcel 23095B0108/00H002, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FEVAL
since 20022.114.157.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095B0108/00H002 | Flanders | 1,437 m² | 1 · 107 m² | 15.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAsse2.114.157.758
Dual-learning approval
3 live approvalsOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,407 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
Founded29-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478225341
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.