FEVARO
ActiveSummary
FEVARO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €206,469. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 10.22 against 7.8 in 2024; short-term debt: 8.7% and cash: 21.8% of total assets), and 8.7% of the assets are financed with debt.
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Signals
Four 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 · 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
91.3%
Return on assets
17.6%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
23 d early
2023
40 d early
2022
20 d early
2021
38 d early
2020
36 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 30 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.1m▲ 2.0%
2024 · €1.1m
Total assets
€1.2m▼ 0.1%
2024 · €1.2m
Net result
€206,469▲ 4.0%
2024 · €198,433
Working capital
€939,382▲ 11.6%
2024 · €841,468
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
Line20212022202320242025
Operating result€203,624▼ 13.3%€241,113▲ 18.4%€257,499▲ 6.8%€261,635▲ 1.6%€279,786▲ 6.9%
Net result€141,276above the sector's middle half▼ 13.6%€171,248above the sector's middle half▲ 21.2%€184,022above the sector's middle half▲ 7.5%€198,433above the sector's middle half▲ 7.8%€206,469above the sector's middle half▲ 4.0%
Equity€496,818within the sector's middle half▲ 19.2%€668,066above the sector's middle half▲ 34.5%€852,089above the sector's middle half▲ 27.5%€1.1mabove the sector's middle half▲ 23.3%€1.1mabove the sector's middle half▲ 2.0%
Total assets€660,691within the sector's middle half▲ 8.7%€828,062within the sector's middle half▲ 25.3%€1.0mwithin the sector's middle half▲ 23.2%€1.2mwithin the sector's middle half▲ 15.1%€1.2mwithin the sector's middle half▼ 0.1%
Debt€163,873▼ 14.2%€159,995▼ 2.4%€168,300▲ 5.2%€123,731▼ 26.5%€101,921▼ 17.6%
Working capital€315,883▲ 35.8%€468,703▲ 48.4%€610,254▲ 30.2%€841,468▲ 37.9%€939,382▲ 11.6%
Solvency75.2%above the sector's middle half▲ 6.6pp80.7%above the sector's middle half▲ 5.5pp83.5%above the sector's middle half▲ 2.8pp89.5%above the sector's middle half▲ 6.0pp91.3%above the sector's middle half▲ 1.8pp
Staff (FTE)7.3within the sector's middle half▲ 9.0%7.2within the sector's middle half▼ 1.4%7.6above the sector's middle half▲ 5.6%9above the sector's middle half▲ 18.4%9.6above the sector's middle half▲ 6.7%
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€131,720 ▼ 37.0%
Current assets
€1.0m ▲ 7.9%
Equity and liabilities €1.2m
Equity
€1.1m ▲ 2.0%
Debt
€101,921 ▼ 17.6%
Debt's share of the balance-sheet total falls from 10.5% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€359,323▲
2024 · €346,661
Cash flow
€286,006▲
2024 · €283,459
Current ratio
10.22▲
2024 · 7.80
Quick ratio
10.06▲
2024 · 7.68
Debt to equity
0.10▼
2024 · 0.12
ROE
19.3%▲
2024 · 18.9%
ROA
17.6%▲
2024 · 16.9%
Interest coverage
58.56▲
2024 · 54.99
Debt ≤ 1 year
€101,921▼
2024 · €123,731
Income taxes
€92,739▲
2024 · €74,904
Staff costs
€326,862▲
2024 · €305,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 34,672 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 | €1,200 | €6,500 | - | - | - | - |
| Remuneration, social security and pensions62 | €212,310 | €206,564 | €248,587 | €305,096 | €326,862 | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,078 | €58,223 | €81,227 | €85,026 | €79,537 | ▼ 6.5% |
| Other operating charges640/8 | €176 | €385 | €247 | €418 | €258 | ▼ 38.2% |
| Gross operating margin9900 | €484,189 | €506,285 | €587,560 | €652,176 | €686,444 | ▲ 5.3% |
| Operating profit (loss)9901 | €203,624 | €241,113 | €257,499 | €261,635 | €279,786 | ▲ 6.9% |
| Financial income75/76B | €16 | €12 | €72 | €18,005 | €25,558 | ▲ 41.9% |
| Recurring financial income75 | €16 | €12 | €72 | €18,005 | €25,558 | ▲ 41.9% |
| Financial charges65/66B | €6,026 | €6,171 | €6,286 | €6,304 | €6,136 | ▼ 2.7% |
| Recurring financial charges65 | €6,026 | €6,171 | €6,286 | €6,304 | €6,136 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | €197,615 | €234,954 | €251,285 | €273,337 | €299,209 | ▲ 9.5% |
| Income taxes67/77 | €56,339 | €63,706 | €67,262 | €74,904 | €92,739 | ▲ 23.8% |
| Profit (loss) for the period9904 | €141,276 | €171,248 | €184,022 | €198,433 | €206,469 | ▲ 4.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €70,763 | - |
| Transfer to tax-exempt reserves689 | - | €63,150 | €84,200 | €84,200 | €63,150 | ▼ 25.0% |
| Profit (loss) for the period to be appropriated9905 | €141,276 | €108,098 | €99,822 | €114,233 | €214,082 | ▲ 87.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €660,691 | €828,062 | €1.0m | €1.2m | €1.2m | ▼ 0.1% |
| Fixed assets21/28 | €234,748 | €229,230 | €247,808 | €209,054 | €131,720 | ▼ 37.0% |
| Tangible fixed assets22/27 | €234,748 | €229,230 | €247,808 | €209,054 | €131,720 | ▼ 37.0% |
| Plant, machinery and equipment23 | €234,179 | €184,590 | €146,915 | €92,741 | €50,857 | ▼ 45.2% |
| Furniture and vehicles24 | €569 | €44,640 | €100,893 | €116,312 | €80,863 | ▼ 30.5% |
| Current assets29/58 | €425,943 | €598,832 | €772,581 | €965,199 | €1.0m | ▲ 7.9% |
| Stocks and contracts in progress3 | €10,830 | €11,073 | €12,435 | €14,594 | €16,423 | ▲ 12.5% |
| Stocks30/36 | €10,830 | €11,073 | €12,435 | €14,594 | €16,423 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €33,611 | €48,955 | €44,381 | €36,532 | €57,345 | ▲ 57.0% |
| Trade receivables40 | €32,603 | €47,390 | €42,839 | €35,474 | €56,985 | ▲ 60.6% |
| Other amounts receivable41 | €1,007 | €1,565 | €1,542 | €1,058 | €361 | ▼ 65.9% |
| Current investments50/53 | - | - | €500,000 | €750,000 | €700,000 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €372,527 | €529,724 | €206,679 | €152,722 | €255,878 | ▲ 67.5% |
| Deferred charges and accrued income490/1 | €8,976 | €9,080 | €9,086 | €11,351 | €11,657 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €660,691 | €828,062 | €1.0m | €1.2m | €1.2m | ▼ 0.1% |
| Equity10/15 | €496,818 | €668,066 | €852,089 | €1.1m | €1.1m | ▲ 2.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €490,618 | €661,866 | €845,889 | €1.0m | €1.1m | ▲ 2.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €63,150 | €147,350 | €231,550 | €223,937 | ▼ 3.3% |
| Distributable reserves133 | €488,758 | €596,856 | €696,679 | €810,912 | €839,105 | ▲ 3.5% |
| Amounts payable17/49 | €163,873 | €159,995 | €168,300 | €123,731 | €101,921 | ▼ 17.6% |
| Amounts payable after more than one year17 | €53,760 | €29,866 | €5,972 | - | - | - |
| Financial debts170/4 | €53,760 | €29,866 | €5,972 | - | - | - |
| Amounts payable within one year42/48 | €110,060 | €130,129 | €162,327 | €123,731 | €101,921 | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | €23,894 | €23,894 | €23,894 | €5,972 | - | - |
| Trade debts44 | €48,608 | €63,231 | €81,576 | €77,870 | €49,519 | ▼ 36.4% |
| Suppliers440/4 | €48,608 | €63,231 | €81,576 | €77,870 | €49,519 | ▼ 36.4% |
| Taxes, remuneration and social security45 | €37,513 | €40,990 | €53,674 | €36,840 | €48,904 | ▲ 32.7% |
| Taxes450/3 | €12,357 | €16,004 | €13,427 | €6,258 | €14,022 | ▲ 124% |
| Remuneration and social security454/9 | €25,156 | €24,987 | €40,247 | €30,582 | €34,882 | ▲ 14.1% |
| Other amounts payable47/48 | €46 | €2,014 | €3,183 | €3,048 | €3,498 | ▲ 14.8% |
| Accrued charges and deferred income492/3 | €53 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141,276 | €171,248 | €184,022 | €198,433 | €206,469 | ▲ 4.0% |
| + Depreciation and write-downs630 | €68,078 | €58,223 | €81,227 | €85,026 | €79,537 | ▼ 6.5% |
| Operating cash flow (approximation) | €209,354 | €229,472 | €265,249 | €283,459 | €286,006 | ▲ 0.9% |
| Investment in fixed assets (approximation) | - | -€52,705 | -€99,805 | -€46,272 | -€2,204 | ▲ 95.2% |
| Change in cash | - | €157,197 | -€323,045 | -€53,957 | €103,155 | ▲ 291% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €206,469 ▲4%
Operating result €279,786, net result €206,469, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.1m ▲23.3%
7 profitable years in a row build equity to €1.1m.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €668,066 ▲34.5%
5 profitable years in a row build equity to €668,066.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €253,204 ▲36.7%
2 profitable years in a row build equity to €253,204.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Rumst · 1 establishment unit since 2011
Ground area
533 m²
Building footprint
298 m²
Volume, LiDAR
1,307 m³
Parcel 11036B0256/00D004, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Keurslager De Roeck
since 20112.209.230.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036B0256/00D004 | Flanders | 533 m² | 1 · 298 m² | 9.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 389 EUR awarded · 389 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 389 EUR | 389 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRumst2.209.230.923
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 789 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 (pre-2019)
Founded08-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837693384
Also
9925:BE0837693384
Registered
03-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.