FEYS
ActiveSummary
FEYS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.39M and a net result of €1.01M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency60▼-40
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 3.24 in 2023; short-term debt: 65.4% and cash: 10.1% of total assets), and 65.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2024Solvency, return and age of the figures
Solvency
34.6%
Return on assets
25.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
12 d early
2022
11 d early
2021
9 d early
2020
38 d early
2019
27 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€1.39M▼ 41.6%
2023 · €2.38M
Total assets
€4.02M▲ 32.7%
2023 · €3.03M
Net result
€1.01M▲ 4.9%
2023 · €963k
Working capital
€364k▼ 75.0%
2023 · €1.45M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1.53M▲ 7.3%€1.69M▲ 10.3%€1.73M▲ 2.4%€1.31M▼ 24.1%€1.33M▲ 1.8%
Net result€1.14M▲ 15.3%€1.24M▲ 8.7%€1.28M▲ 3.0%€963k▼ 24.8%€1.01M▲ 4.9%
Equity€132k▼ 44.7%€135k▲ 2.2%€1.41M▲ 952%€2.38M▲ 68.1%€1.39M▼ 41.6%
Total assets€2.34M▲ 19.0%€1.89M▼ 19.0%€2.02M▲ 7.0%€3.03M▲ 49.4%€4.02M▲ 32.7%
Debt€2.20M▲ 27.8%€1.76M▼ 20.2%€610k▼ 65.3%€648k▲ 6.1%€2.63M▲ 306%
Working capital€-956k▼ 30.3%€-826k▲ 13.6%€500k€1.45M▲ 190%€364k▼ 75.0%
Staff (FTE)31▲ 6.2%33.9▲ 9.4%33▼ 2.7%33.9▲ 2.7%33.6▼ 0.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.02M
Fixed assets
€1.02M ▲ 10.7%
Current assets
€2.99M ▲ 42.4%
Equity and liabilities €4.02M
Equity
€1.39M ▼ 41.6%
Debt
€2.63M ▲ 306%
Debt's share of the balance-sheet total rises from 21.4% to 65.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.50M▲
2023 · €1.49M
Cash flow
€1.18M▲
2023 · €1.14M
Current ratio
1.14▼
2023 · 3.24
Debt to equity
1.89▲
2023 · 0.27
ROE
72.8%▲
2023 · 40.5%
ROA
25.2%▼
2023 · 31.8%
Interest coverage
244.79▲
2023 · 214.47
Debt ≤ 1 year
€2.63M▲
2023 · €648k
Income taxes
€360k▲
2023 · €341k
Staff costs
€2.24M▲
2023 · €2.11M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7k | €5k | - | €29k | - |
| Remuneration, social security and pensions62 | - | €1.74M | €1.80M | €2.11M | €2.24M | ▲ 6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €178k | €217k | €215k | €177k | €167k | ▼ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-1k | - | - | - |
| Other operating charges640/8 | - | €9k | €11k | €11k | €11k | ▲ 1.1% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | €3.25M | €3.66M | €3.75M | €3.60M | €3.75M | ▲ 4.2% |
| Operating profit (loss)9901 | €1.53M | €1.69M | €1.73M | €1.31M | €1.33M | ▲ 1.8% |
| Financial income75/76B | - | €3k | €700 | €2k | €43k | ▲ 2,313% |
| Recurring financial income75 | €14k | €3k | €700 | €2k | €43k | ▲ 2,313% |
| Financial charges65/66B | - | €8k | €8k | €7k | €6k | ▼ 11.6% |
| Recurring financial charges65 | €10k | €8k | €8k | €7k | €6k | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | €1.53M | €1.68M | €1.72M | €1.30M | €1.37M | ▲ 5.1% |
| Income taxes67/77 | €389k | €437k | €438k | €341k | €360k | ▲ 5.5% |
| Profit (loss) for the period9904 | €1.14M | €1.24M | €1.28M | €963k | €1.01M | ▲ 4.9% |
| Transfer from tax-exempt reserves789 | - | €2k | €2k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.25M | €1.25M | €1.28M | €963k | €1.01M | ▲ 4.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.34M | €1.89M | €2.02M | €3.03M | €4.02M | ▲ 32.7% |
| Fixed assets21/28 | €1.09M | €961k | €916k | €925k | €1.02M | ▲ 10.7% |
| Intangible fixed assets21 | €86k | €79k | €37k | €32k | €28k | ▼ 13.1% |
| Tangible fixed assets22/27 | €997k | €877k | €876k | €888k | €991k | ▲ 11.6% |
| Land and buildings22 | - | €641k | €601k | €561k | €521k | ▼ 7.1% |
| Plant, machinery and equipment23 | - | €95k | €98k | €151k | €170k | ▲ 12.8% |
| Furniture and vehicles24 | - | €141k | €177k | €176k | €300k | ▲ 70.3% |
| Financial fixed assets28 | €5k | €4k | €4k | €6k | €6k | = |
| Current assets29/58 | €1.25M | €932k | €1.11M | €2.10M | €2.99M | ▲ 42.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €0 | - |
| Other amounts receivable291 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €913k | €646k | €640k | €1.61M | €2.52M | ▲ 56.7% |
| Trade receivables40 | - | €641k | €640k | €643k | €664k | ▲ 3.3% |
| Other amounts receivable41 | - | €5k | - | €969k | €1.86M | ▲ 92.0% |
| Current investments50/53 | €14k | €3k | €3k | €3k | €3k | ▲ 0.6% |
| Cash at bank and in hand54/58 | €283k | €245k | €416k | €446k | €404k | ▼ 9.6% |
| Deferred charges and accrued income490/1 | - | €38k | €49k | €39k | €59k | ▲ 52.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.34M | €1.89M | €2.02M | €3.03M | €4.02M | ▲ 32.7% |
| Equity10/15 | €132k | €135k | €1.41M | €2.38M | €1.39M | ▼ 41.6% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €106k | €109k | €107k | €107k | €107k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €3k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €104k | €106k | €106k | €106k | = |
| Profit (loss) carried forward14 | - | - | €1.28M | €2.25M | €1.26M | ▼ 44.1% |
| Investment grants15 | - | €5k | €5k | €5k | €4k | ▼ 7.2% |
| Amounts payable17/49 | €2.20M | €1.76M | €610k | €648k | €2.63M | ▲ 306% |
| Amounts payable within one year42/48 | €2.20M | €1.76M | €608k | €648k | €2.63M | ▲ 306% |
| Trade debts44 | €43k | €40k | €47k | €116k | €104k | ▼ 11.0% |
| Suppliers440/4 | - | €40k | €47k | €116k | €104k | ▼ 11.0% |
| Advances received on contracts in progress46 | - | - | - | - | €581 | - |
| Taxes, remuneration and social security45 | - | €473k | €561k | €531k | €523k | ▼ 1.6% |
| Taxes450/3 | - | €153k | €220k | €156k | €126k | ▼ 19.6% |
| Remuneration and social security454/9 | - | €321k | €341k | €375k | €398k | ▲ 6.0% |
| Other amounts payable47/48 | - | €1.25M | - | - | €2.00M | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.14M | €1.24M | €1.28M | €963k | €1.01M | ▲ 4.9% |
| + Depreciation and write-downs630 | €178k | €217k | €215k | €177k | €167k | ▼ 5.6% |
| Operating cash flow (approximation) | €1.32M | €1.46M | €1.50M | €1.14M | €1.18M | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | €-90k | €-170k | €-186k | €-266k | ▼ 43.0% |
| Change in cash | - | €-38k | €171k | €30k | €-43k | ▼ 241% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €963k ▼24.8%
Net result drops to €963k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2MEq €2.38M ▲68.1%
6 profitable years in a row build equity to €2.38M.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.28M ▲3%
Operating result €1.73M, net result €1.28M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.82
Current ratio from 0.53 to 1.82; short-term debt falls from €1.76M to €608k.
31-12
Financial
Equity above €1MEq €1.41M ▲952%
5 profitable years in a row build equity to €1.41M.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Poperinge · 1 establishment unit since 1996
Ground area
874 m²
Building footprint
292 m²
Volume, LiDAR
2,648 m³
Parcel 33021E0466/00Y002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FEYS
since 19962.075.497.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0466/00Y002 | Flanders | 874 m² | 1 · 292 m² | 10.8 m · 3 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
2022 to 2025 · 6 entries · 11,184 EUR awarded · 15,359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,898 EUR | 3,009 EUR |
| 2024 | 2 | 5,135 EUR | 8,929 EUR |
| 2023 | 1 | 1,595 EUR | 1,865 EUR |
| 2022 | 1 | 1,556 EUR | 1,556 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
967600TU9E7WRHYB8G23
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INGEO
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Of 1,759 companies in sector 71122 we hold annual accounts for 771. 302 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
Founded15-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
Scores and ratios are computed by Checked and are not a credit decision.