FEVAL
Annual accounts 2025
abbreviated format, filed on 19-10-2026, 80 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €979,095 on 31-12-2025in euro
in euro
Position in the sector
10.0%
Higher than 19% of 13,234 companies in 2025.
0.55
Higher than 9% of 13,093 companies in 2025.
-6.4%
Higher than 12% of 13,156 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
€27,303
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, 8 people joined and 9 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
979,095 | 1.0m | 1.1m | 1.3m | 1.2m | 883,515 | 507,574 | 308,522 | 287,165 | 165,890 | 186,615 | 168,175 | 159,103 | 122,307 | 135,824 | 52,219 | 54,728 | 31,306 | 37,959 | 50,312 | |
21/28 |
615,362 | 757,548 | 811,056 | 658,225 | 703,264 | 561,686 | 314,166 | 198,025 | 192,631 | 76,333 | 51,565 | 77,848 | 104,725 | 88,818 | 86,555 | 35,066 | 40,299 | 21,856 | 26,569 | 30,606 | |
21 |
- | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,200 | |
22/27 |
615,234 | 757,420 | 810,928 | 658,097 | 703,136 | 561,558 | 314,038 | 197,897 | 192,504 | 76,205 | 51,437 | 77,720 | 104,700 | 88,794 | 86,530 | 35,041 | 40,275 | 21,831 | 26,544 | 29,381 | |
23 |
31,788 | 10,898 | 11,138 | 16,278 | 23,369 | 26,363 | 12,402 | 5,161 | 5,683 | 5,372 | 1,299 | 3,344 | 5,993 | 9,117 | 12,241 | 9,815 | 11,584 | 12,039 | 14,394 | 17,381 | |
24 |
189,149 | 273,005 | 326,083 | 138,106 | 155,935 | 132,414 | 37,923 | 2,528 | 4,999 | 13,197 | 29,351 | 49,132 | 69,006 | 45,519 | 46,431 | 15,436 | 23,664 | 6,992 | 9,000 | 12,000 | |
26 |
394,296 | 473,517 | 473,706 | 503,712 | 523,833 | 402,781 | 263,713 | 190,208 | 181,822 | 57,636 | 20,787 | 25,244 | 29,701 | 34,158 | 27,858 | 9,791 | 5,027 | 2,800 | 3,150 | - | |
28 |
128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 128 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | |
29/58 |
363,734 | 274,304 | 285,328 | 675,915 | 540,861 | 321,829 | 193,409 | 110,497 | 94,533 | 89,557 | 135,049 | 90,327 | 54,378 | 33,489 | 49,270 | 17,153 | 14,428 | 9,450 | 11,390 | 19,706 | |
3 |
113,926 | 126,055 | 136,386 | 92,754 | 106,107 | 8,493 | 84,643 | 3,946 | 20,730 | 12,965 | 20,122 | 20,122 | 18,965 | 18,965 | 21,140 | 8,983 | 5,533 | 1,265 | 5,253 | 11,304 | |
30/36 |
113,926 | 126,055 | 136,386 | 92,754 | 106,107 | 8,493 | 84,643 | 3,946 | 20,730 | 12,965 | 20,122 | 20,122 | 18,965 | 18,965 | 21,140 | 8,983 | 5,533 | 1,265 | 5,253 | 11,304 | |
40/41 |
103,791 | 66,855 | 52,576 | 27,104 | 50,273 | 19,918 | 36,594 | 48,165 | 26,269 | 57,161 | 108,317 | 65,058 | 25,400 | 12,019 | 8,347 | 4,137 | 5,698 | 4,817 | 3,287 | 4,059 | |
40 |
79,277 | 39,173 | 44,612 | 19,063 | 22,144 | 19,825 | 16,066 | 39,288 | 6,206 | 11,206 | 34,052 | 28,669 | 25,400 | 516 | 1,080 | 516 | 1,555 | 1,555 | - | - | |
41 |
24,513 | 27,682 | 7,964 | 8,041 | 28,129 | 93 | 20,528 | 8,877 | 20,062 | 45,955 | 74,265 | 36,389 | - | 11,504 | 7,267 | 3,621 | 4,143 | 3,262 | 3,287 | 4,059 | |
54/58 |
146,017 | 75,239 | 90,212 | 552,223 | 379,805 | 290,566 | 71,091 | 56,652 | 45,644 | 17,538 | 3,701 | 4,617 | 7,821 | 1,237 | 18,781 | 4,013 | 3,198 | 2,581 | 205 | 3,193 | |
490/1 |
- | 6,155 | 6,155 | 3,834 | 4,676 | 2,852 | 1,080 | 1,733 | 1,890 | 1,893 | 2,910 | 530 | 2,192 | 1,268 | 1,002 | 21 | - | 787 | 2,646 | 1,150 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
979,095 | 1.0m | 1.1m | 1.3m | 1.2m | 883,515 | 507,574 | 308,522 | 287,165 | 165,890 | 186,615 | 168,175 | 159,103 | 122,307 | 135,824 | 52,219 | 54,728 | 31,306 | 37,959 | 50,312 | |
10/15 |
98,258 | 159,905 | 228,679 | 206,595 | 179,832 | 115,002 | 17,576 | 8,215 | 8,608 | 8,311 | -1,300 | 21,229 | 20,355 | 30,867 | 30,640 | 24,955 | 22,778 | 20,926 | 24,345 | 24,411 | |
10/11 |
18,600 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | 17,200 | |
10 |
- | - | 17,200 | 17,200 | 17,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | |
13 |
25,845 | 25,845 | 25,845 | 25,845 | 25,845 | 25,845 | 29,806 | 33,767 | 37,728 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | 2,083 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | 0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
132 |
23,762 | 23,762 | 23,762 | 23,762 | 23,762 | 23,762 | 27,723 | 31,684 | 35,645 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
2,083 | 2,083 | 2,083 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | |
14 |
53,812 | 116,859 | 185,634 | 163,549 | 136,786 | 71,956 | -29,431 | -42,753 | -46,320 | -10,973 | -20,584 | 1,946 | 1,072 | 11,584 | 11,356 | 5,671 | 3,495 | 1,643 | 5,061 | 5,128 | |
16 |
12,238 | 12,238 | 12,238 | 12,238 | 12,238 | 12,238 | 14,277 | 16,316 | 18,355 | - | - | - | - | - | - | - | - | - | - | - | |
168 |
12,238 | 12,238 | 12,238 | 12,238 | 12,238 | 12,238 | 14,277 | 16,316 | 18,355 | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
868,600 | 859,709 | 855,467 | 1.1m | 1.1m | 756,275 | 475,722 | 283,991 | 260,201 | 157,579 | 187,915 | 146,946 | 138,748 | 91,440 | 105,185 | 27,264 | 31,949 | 10,380 | 13,615 | 25,901 | |
17 |
204,237 | 319,126 | 510,406 | 423,748 | 343,898 | 177,044 | 107,646 | 113,128 | 93,507 | 37,901 | 59,782 | 72,813 | 72,409 | 75,276 | 80,457 | 14,773 | 21,436 | 3,051 | 5,664 | 9,544 | |
170/4 |
204,237 | 319,126 | 510,406 | 423,748 | 343,898 | 177,044 | 107,646 | 113,128 | 93,507 | 37,901 | 59,782 | 72,813 | 72,409 | 75,276 | 80,457 | 14,773 | 21,436 | 3,051 | 5,664 | 9,544 | |
42/48 |
664,362 | 540,583 | 345,061 | 691,559 | 708,157 | 579,231 | 368,076 | 170,863 | 166,695 | 119,678 | 128,133 | 74,133 | 64,596 | 16,164 | 24,728 | 12,492 | 10,513 | 5,828 | 6,084 | 14,857 | |
42 |
118,451 | 124,884 | 128,188 | 15,977 | 84,907 | 53,002 | 40,160 | 26,632 | 30,380 | 18,180 | 13,559 | 13,024 | 16,823 | 5,181 | 19,098 | 8,680 | 10,027 | 2,289 | 1,840 | - | |
44 |
503,316 | 339,059 | 12,686 | 503,793 | 432,141 | 340,813 | 160,473 | 90,307 | 120,177 | 78,425 | 48,100 | 47,802 | 16,573 | 3,532 | 3,777 | 2,828 | 93 | 2,103 | 2,931 | 3,603 | |
440/4 |
503,316 | 339,059 | 12,686 | 503,793 | 432,141 | 340,813 | 160,473 | 90,307 | 120,177 | 78,425 | 48,100 | 47,802 | 16,573 | 3,532 | 3,777 | 2,828 | 93 | 2,103 | 2,931 | 3,603 | |
46 |
- | - | 83,662 | 83,662 | 83,662 | 43,945 | 43,945 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
31,589 | 65,326 | 97,876 | 47,621 | 43,310 | 53,176 | 27,603 | 23,799 | 15,990 | 22,924 | 51,241 | 7,923 | 4,056 | 7,451 | 1,854 | 984 | 393 | 1,436 | 1,313 | 4,254 | |
450/3 |
4,643 | 44,588 | 69,697 | 33,919 | 32,811 | 47,486 | 9,812 | 4,549 | 1,827 | 15,298 | 14,344 | 5,062 | 4,056 | 7,451 | 1,854 | 984 | 393 | 1,436 | 1,313 | 4,254 | |
454/9 |
26,946 | 20,738 | 28,179 | 13,703 | 10,498 | 5,690 | 17,790 | 19,250 | 14,162 | 7,626 | 36,897 | 2,861 | - | - | - | - | - | - | - | - | |
47/48 |
11,006 | 11,313 | 22,649 | 40,507 | 64,138 | 88,295 | 95,895 | 126 | 148 | 148 | 15,232 | 5,384 | 27,144 | - | - | - | - | - | - | 7,000 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,743 | - | - | - | - | 1,500 | 1,867 | 1,500 | |
| Income statement | |||||||||||||||||||||
70 |
- | 2.6m | 2.5m | 2.3m | 2.4m | 2.3m | 1.4m | 1.1m | 863,866 | 586,796 | 626,240 | 550,863 | 576,217 | 553,268 | 441,062 | 394,195 | - | - | - | - | |
76A |
- | - | - | - | - | 2,118 | - | - | 60,000 | - | - | - | - | - | 21,500 | - | - | - | - | - | |
9900 |
284,088 | 262,979 | 438,250 | 316,407 | 296,116 | 313,556 | 137,213 | 98,684 | 147,052 | 69,150 | 42,582 | 42,894 | 48,940 | 32,801 | 11,669 | 18,377 | 17,205 | 5,731 | 10,115 | 13,511 | |
60/61 |
- | 2.5m | 2.1m | 2.0m | 2.1m | 2.0m | 1.2m | 1.0m | 776,815 | 517,646 | 583,659 | 507,969 | 537,029 | 520,467 | 429,393 | 375,817 | - | - | - | - | |
62 |
122,864 | 101,550 | 112,011 | 117,021 | 70,302 | 45,460 | 34,242 | 46,847 | 41,412 | 25,650 | 23,797 | 3,476 | - | - | - | - | - | - | - | - | |
630 |
187,582 | 183,303 | 162,630 | 135,865 | 106,576 | 71,883 | 58,278 | 36,523 | 62,268 | 26,576 | 26,938 | 26,986 | 32,441 | 23,775 | 15,039 | 11,633 | 11,695 | 5,953 | 7,537 | 7,187 | |
631/4 |
- | - | - | - | - | 28,496 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
13,086 | 16,563 | 31,999 | 9,460 | 22,092 | 23,982 | 13,485 | 9,618 | 20,418 | 3,532 | 7,145 | 3,957 | 22,006 | 6,057 | 8,795 | 1,895 | 1,585 | 2,029 | 2,046 | 1,654 | |
66A |
- | - | 37,902 | - | - | - | - | - | - | - | - | 110 | 170 | 175 | 50 | - | - | 450 | 175 | 530 | |
9901 |
-39,444 | -38,437 | 93,708 | 54,061 | 97,146 | 143,736 | 31,208 | 5,695 | 22,954 | 13,392 | -15,298 | 8,475 | -5,507 | 2,969 | -12,166 | 4,849 | 3,926 | -2,251 | 532 | 4,670 | |
75/76B |
9,273 | 5,737 | 199 | 2 | 12,189 | 1,530 | 165 | 1 | - | 0 | - | 19 | 34 | 4,000 | 0 | 2 | - | 0 | - | 43 | |
75 |
9,273 | 5,737 | 199 | 2 | 12,189 | 1,530 | 165 | 1 | - | 0 | - | 19 | 34 | 4,000 | 0 | 2 | - | 0 | - | 43 | |
65/66B |
33,273 | 25,439 | 25,807 | 9,789 | 10,874 | 6,982 | 14,240 | 5,359 | 4,301 | 2,572 | 7,231 | 5,048 | 5,008 | 5,893 | 3,555 | 1,887 | 1,823 | 721 | 713 | 706 | |
65 |
33,273 | 25,439 | 25,807 | 9,789 | 10,874 | 6,982 | 14,240 | 5,359 | 4,301 | 2,572 | 7,231 | 5,048 | 5,008 | 5,893 | 3,555 | 1,887 | 1,823 | 721 | 713 | 706 | |
9903 |
-63,445 | -58,139 | 68,100 | 44,274 | 98,461 | 138,283 | 17,134 | 337 | 18,653 | 10,820 | -22,530 | 3,336 | -10,651 | 901 | 5,729 | 2,964 | 2,102 | -3,422 | -356 | 3,477 | |
67/77 |
-398 | 10,635 | 46,015 | 17,511 | 33,632 | 42,896 | 9,812 | 2,770 | - | 1,209 | - | 2,461 | -139 | 674 | 45 | 787 | 250 | -4 | -289 | 1,107 | |
9904 |
-63,047 | -68,774 | 22,085 | 26,763 | 64,830 | 97,426 | 9,361 | -394 | 298 | 9,611 | -22,530 | 874 | -10,512 | 228 | 5,685 | 2,177 | 1,852 | -3,419 | -67 | 2,370 | |
789 |
- | - | - | - | - | 3,961 | 3,961 | 3,961 | 3,961 | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | 39,606 | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-63,047 | -68,774 | 22,085 | 26,763 | 64,830 | 101,387 | 13,322 | 3,567 | -35,347 | 9,611 | -22,530 | 874 | -10,512 | 228 | 5,685 | 2,177 | 1,852 | -3,419 | -67 | 2,370 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
53,812 | 116,859 | 185,634 | 163,549 | 136,786 | 71,956 | -29,431 | -42,753 | -46,320 | -10,973 | -20,584 | 1,946 | 1,072 | 11,584 | 11,356 | 5,671 | 3,495 | 1,643 | 5,061 | 5,128 | |
14P |
116,859 | 185,634 | 163,549 | 136,786 | 71,956 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
4.5 | - | 3.6 | 5.1 | 2.9 | 1.9 | 1.3 | 1.7 | 1.4 | 0.8 | 1 | 0.2 | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | 4,750 | 6,558 | 3,990 | 2,673 | 2,019 | 3,177 | 2,567 | 1,641 | 1,925 | 284 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 80 days after the deadline. Filed on 19 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00566599.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-10-2026 | 2026-00566599 | |
| 31-12-2024 | abbreviated format | 20-10-2025 | 2025-00546888 | |
| 31-12-2023 | full format | 04-10-2024 | 2024-00498471 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00415622 | |
| 31-12-2021 | full format | 09-02-2023 | 2023-00025744 | |
| 31-12-2020 | full format | 30-09-2021 | 2021-70200323 | |
| 31-12-2019 | full format | 13-08-2020 | 2020-41100322 | |
| 31-12-2018 | full format | 29-08-2019 | 2019-63300152 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-61600519 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-59500076 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-58400163 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-63900042 | |
| 31-12-2013 | full format | 30-09-2014 | 2014-63400390 | |
| 31-12-2012 | full format | 30-09-2013 | 2013-61900019 | |
| 31-12-2011 | full format | 19-09-2012 | 2012-56800491 | |
| 31-12-2010 | full format | 24-08-2011 | 2011-43400350 | |
| 31-12-2009 | full format | 06-08-2010 | 2010-39600107 | |
| 31-12-2008 | full format | 31-12-2009 | 2009-91600378 | |
| 31-12-2007 | full format | 20-11-2008 | 2008-82000078 | |
| 31-12-2006 | full format | 31-03-2008 | 2008-09300352 | |
| 31-12-2005 | full format | 29-12-2006 | 2006-94101921 | |
| 31-12-2004 | full format | 18-07-2005 | 2005-50605299 | |
| 31-12-2003 | full format | 06-07-2004 | 2004-40801542 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 148,138 | 144,866 | 256,338 | 189,926 | 203,722 | 215,618 | 89,486 | 42,219 | 85,221 | 39,968 | 11,639 | 35,461 | 26,934 | 26,744 | 2,873 | 16,482 | 15,620 | 3,702 | 8,069 | 11,857 | ||
| 124,535 | 114,529 | 184,714 | 162,628 | 171,405 | 169,309 | 67,639 | 36,130 | 62,566 | 36,187 | 4,408 | 27,860 | 21,929 | 24,003 | 20,724 | 13,810 | 13,547 | 2,535 | 7,470 | 9,557 | ||
| 45,396 | 129,795 | 350,776 | 90,826 | 248,154 | 276,415 | 174,419 | 41,917 | 178,566 | 51,344 | 655 | 103 | 66,748 | 29,858 | 51,528 | 6,400 | 30,139 | 1,240 | 3,500 | 31,139 | ||
| 70,777 | -14,972 | -462,012 | 172,418 | 89,239 | 219,475 | 14,439 | 11,008 | 28,106 | 13,837 | -917 | -3,204 | 6,584 | -17,544 | 14,768 | 815 | 617 | 2,377 | -2,988 | - | ||
| -300,629 | -266,279 | -59,732 | -15,645 | -167,296 | -257,402 | -174,667 | -60,366 | -72,161 | -30,121 | 6,916 | 16,195 | -10,218 | 17,325 | 24,541 | 4,662 | 3,915 | 3,622 | 5,306 | 4,849 | ||
| - | -1.5% | 3.8% | 2.4% | 4.1% | 6.3% | 2.3% | 0.5% | 2.7% | 2.3% | -2.4% | 1.5% | -1.0% | 0.5% | -2.8% | 1.2% | - | - | - | - | ||
| 10.0% | 15.5% | 20.9% | 15.5% | 14.5% | 13.0% | 3.5% | 2.7% | 3.0% | 5.0% | -0.7% | 12.6% | 12.8% | 25.2% | 22.6% | 47.8% | 41.6% | 66.8% | 64.1% | 48.5% | ||
| 0.55 | 0.51 | 0.83 | 0.98 | 0.76 | 0.56 | 0.53 | 0.65 | 0.57 | 0.75 | 1.05 | 1.22 | 0.84 | 2.07 | 1.99 | 1.37 | 1.37 | 1.62 | 1.87 | 1.33 | ||
| 0.38 | 0.27 | 0.43 | 0.84 | 0.61 | 0.54 | 0.30 | 0.62 | 0.44 | 0.64 | 0.90 | 0.95 | 0.55 | 0.90 | 1.14 | 0.65 | 0.85 | 1.40 | 1.01 | 0.57 | ||
| 8.84 | 5.38 | 3.74 | 5.40 | 5.85 | 6.58 | 27.07 | 34.57 | 30.23 | 18.96 | - | 6.92 | 6.82 | 2.96 | 3.43 | 1.09 | 1.40 | 0.50 | 0.56 | 1.06 | ||
| -64.2% | -43.0% | 9.7% | 13.0% | 36.1% | 84.7% | 53.3% | -4.8% | 3.5% | 115.6% | - | 4.1% | -51.6% | 0.7% | 18.6% | 8.7% | 8.1% | -16.3% | -0.3% | 9.7% | ||
| -6.4% | -6.7% | 2.0% | 2.0% | 5.2% | 11.0% | 1.8% | -0.1% | 0.1% | 5.8% | -12.1% | 0.5% | -6.6% | 0.2% | 4.2% | 4.2% | 3.4% | -10.9% | -0.2% | 4.7% | ||
| 4.45 | 5.69 | 9.93 | 19.40 | 18.73 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | 5 days | 7 days | 3 days | 3 days | 3 days | 4 days | 13 days | 3 days | 7 days | 20 days | 19 days | 16 days | 0 days | 1 day | 0 days | - | - | - | - | ||
| - | 50 days | 2 days | 94 days | 77 days | 63 days | 48 days | 32 days | 56 days | 55 days | 30 days | 34 days | 11 days | 2 days | 3 days | 3 days | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 4 | 5 | 4 |
| full-time | - | 1 | 1 | - |
| part-time | - | 3 | 4 | 4 |
| in full-time equivalents | 3.1 | 3.1 | 3.7 | 2.6 |
| 3.6 | 3.6 | 5.1 | 2.9 | |
| On a permanent contract | 1 | 1 | 1 | 2 |
| Joined | 8 | 8 | 15 | 7 |
| Left | 9 | 9 | 18 | 8 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €45,396 | €129,795 | €350,776 | €90,826 | €248,154 |
| €187,582 | €183,303 | €162,630 | €135,865 | €106,576 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FEVAL
The operating result for 2025 is a loss of €39,444, larger than the loss of €38,437 in 2024. It is the lowest result since 2006.
Debt's share of the balance-sheet total rises from 83.3% to 88.7%. Equity is lower and debt is higher.