FIBELVO
ActiveSummary
FIBELVO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€703,101) and a net result of -€182,670. Equity is shrinking by ~22% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-64
Solvency0▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.27 in 2023; short-term debt: 143.5% and cash: 2.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-43.5%
Return on assets
-11.3%
Age of the figures
21 mo
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
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
43 d early
2023
20 d early
2022
17 d early
2021
16 d early
2020
24 d early
2019
23 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 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 12 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
Equity
-€703,101▼ 35.1%
2023 · -€520,431
Total assets
€1.6m▼ 29.5%
2023 · €2.3m
Net result
-€182,670
2023 · €344,585
Working capital
-€2.0m▲ 2.4%
2023 · -€2.0m
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 47, Retail trade, 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
Line20202021202220232024
Operating result-€372,837▼ 351%-€131,637▲ 64.7%-€200,560▼ 52.4%€493,200-€112,449
Net result-€421,117below the sector's middle half▼ 288%-€101,374below the sector's middle half▲ 75.9%-€232,081below the sector's middle half▼ 129%€344,585above the sector's middle half-€182,670below the sector's middle half
Equity-€531,561below the sector's middle half▼ 381%-€632,935below the sector's middle half▼ 19.1%-€865,016below the sector's middle half▼ 36.7%-€520,431below the sector's middle half▲ 39.8%-€703,101below the sector's middle half▼ 35.1%
Total assets€2.0mabove the sector's middle half▲ 70.0%€2.0mabove the sector's middle half▲ 0.7%€1.9mabove the sector's middle half▼ 5.3%€2.3mabove the sector's middle half▲ 19.1%€1.6mwithin the sector's middle half▼ 29.5%
Debt€2.5m▲ 96.5%€2.7m▲ 4.5%€2.8m▲ 4.6%€2.8m▲ 0.8%€2.3m▼ 17.5%
Working capital-€2.4mbelow the sector's middle half▼ 109%-€2.5mbelow the sector's middle half▼ 5.5%-€2.6mbelow the sector's middle half▼ 3.0%-€2.0mbelow the sector's middle half▲ 21.3%-€2.0mbelow the sector's middle half▲ 2.4%
Solvency-26.3%below the sector's middle half▼ 17.0pp-31.2%below the sector's middle half▼ 4.8pp-45.0%below the sector's middle half▼ 13.8pp-22.7%below the sector's middle half▲ 22.3pp-43.5%below the sector's middle half▼ 20.8pp
Current ratio0.06below the sector's middle half▼ 0.060.06below the sector's middle half▼ 0.010.07below the sector's middle half▲ 0.010.27below the sector's middle half▲ 0.200.14below the sector's middle half▼ 0.13
Return on assets (ROA)-20.9%below the sector's middle half▼ 11.7pp-5.0%below the sector's middle half▲ 15.9pp-12.1%below the sector's middle half▼ 7.1pp15.0%above the sector's middle half▲ 27.1pp-11.3%below the sector's middle half▼ 26.4pp
Staff (FTE)19.7above the sector's middle half▲ 6.5%20.7above the sector's middle half▲ 5.1%22.4above the sector's middle half▲ 8.2%18.4above the sector's middle half▼ 17.9%19.3above the sector's middle half▲ 4.9%
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 turns negative in 2024: a loss of €112,449 after €493,200 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.3m ▼ 15.3%
Current assets
€328,864 ▼ 57.4%
Equity and liabilities
Equity-€703,101
Debt€2.3m
Equity is negative: debt (€2.3m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios
EBITDA
€168,010▼
2023 · €768,645
Cash flow
€97,789▼
2023 · €620,030
Quick ratio
0.08▼
2023 · 0.24
Interest coverage
2.38▼
2023 · 9.02
Debt ≤ 1 year
€2.3m▼
2023 · €2.8m
Income taxes
-€231▼
2023 · €63,409
Staff costs
€792,347▼
2023 · €844,051
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
9.4%
went bankrupt
6.0%
stopped otherwise
83%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 598 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €103,635 | €54,500 | €65,000 | - | - |
| Remuneration, social security and pensions62 | - | €745,765 | €848,755 | €844,051 | €792,347 | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €223,204 | €247,103 | €270,654 | €275,445 | €280,458 | ▲ 1.8% |
| Other operating charges640/8 | - | €11,297 | €15,341 | €16,636 | €17,286 | ▲ 3.9% |
| Non-recurring operating charges66A | - | €32,701 | - | €10 | - | - |
| Gross operating margin9900 | €582,620 | €905,229 | €934,190 | €1.6m | €977,642 | ▼ 40.0% |
| Operating profit (loss)9901 | -€372,837 | -€131,637 | -€200,560 | €493,200 | -€112,449 | ▼ 123% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | €1,257 | - | - | - | €3 | - |
| Financial charges65/66B | - | €19,751 | €30,743 | €85,205 | €70,455 | ▼ 17.3% |
| Recurring financial charges65 | €17,621 | €19,751 | €30,743 | €85,205 | €70,455 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | -€389,201 | -€151,388 | -€231,303 | €407,995 | -€182,901 | ▼ 145% |
| Income taxes67/77 | €31,916 | -€50,013 | €779 | €63,409 | -€231 | ▼ 100% |
| Profit (loss) for the period9904 | -€421,117 | -€101,374 | -€232,081 | €344,585 | -€182,670 | ▼ 153% |
| Profit (loss) for the period to be appropriated9905 | -€421,117 | -€101,374 | -€232,081 | €344,585 | -€182,670 | ▼ 153% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.0m | €1.9m | €2.3m | €1.6m | ▼ 29.5% |
| Fixed assets21/28 | €1.9m | €1.9m | €1.7m | €1.5m | €1.3m | ▼ 15.3% |
| Tangible fixed assets22/27 | €1.9m | €1.9m | €1.7m | €1.5m | €1.3m | ▼ 15.3% |
| Land and buildings22 | - | €1.3m | €1.3m | €1.1m | €966,941 | ▼ 14.8% |
| Plant, machinery and equipment23 | - | €403,576 | €346,099 | €292,393 | €249,633 | ▼ 14.6% |
| Furniture and vehicles24 | - | €47,825 | €41,922 | €31,982 | €22,416 | ▼ 29.9% |
| Other tangible fixed assets26 | - | €84,492 | €71,629 | €59,379 | €47,503 | ▼ 20.0% |
| Current assets29/58 | €163,879 | €149,056 | €197,377 | €772,107 | €328,864 | ▼ 57.4% |
| Stocks and contracts in progress3 | €107,040 | €96,177 | €86,609 | €87,698 | €134,809 | ▲ 53.7% |
| Stocks30/36 | - | €96,177 | €86,609 | €87,698 | €134,809 | ▲ 53.7% |
| Amounts receivable within one year40/41 | €795 | €1,528 | €12,845 | €557,189 | €147,283 | ▼ 73.6% |
| Trade receivables40 | - | €163 | €12,760 | €557,189 | €146,980 | ▼ 73.6% |
| Other amounts receivable41 | - | €1,365 | €85 | - | €303 | - |
| Cash at bank and in hand54/58 | €56,044 | €51,351 | €97,923 | €127,220 | €46,771 | ▼ 63.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.0m | €1.9m | €2.3m | €1.6m | ▼ 29.5% |
| Equity10/15 | -€531,561 | -€632,935 | -€865,016 | -€520,431 | -€703,101 | ▼ 35.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€599,761 | -€701,135 | -€933,216 | -€588,631 | -€771,301 | ▼ 31.0% |
| Amounts payable17/49 | €2.5m | €2.7m | €2.8m | €2.8m | €2.3m | ▼ 17.5% |
| Amounts payable within one year42/48 | €2.5m | €2.7m | €2.8m | €2.8m | €2.3m | ▼ 17.5% |
| Trade debts44 | €455,709 | €663,828 | €619,254 | €753,208 | €726,123 | ▼ 3.6% |
| Suppliers440/4 | - | €663,828 | €619,254 | €753,208 | €726,123 | ▼ 3.6% |
| Taxes, remuneration and social security45 | - | €193,191 | €225,322 | €357,015 | €194,545 | ▼ 45.5% |
| Taxes450/3 | - | €49,970 | €79,718 | €214,415 | €76,448 | ▼ 64.3% |
| Remuneration and social security454/9 | - | €143,222 | €145,604 | €142,600 | €118,097 | ▼ 17.2% |
| Other amounts payable47/48 | - | €1.8m | €1.9m | €1.7m | €1.4m | ▼ 17.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€421,117 | -€101,374 | -€232,081 | €344,585 | -€182,670 | ▼ 153% |
| + Depreciation and write-downs630 | €223,204 | €247,103 | €270,654 | €275,445 | €280,458 | ▲ 1.8% |
| Operating cash flow (approximation) | -€197,913 | €145,729 | €38,572 | €620,030 | €97,789 | ▼ 84.2% |
| Investment in fixed assets (approximation) | - | -€275,974 | -€113,924 | -€67,628 | -€48,926 | ▲ 27.7% |
| Change in cash | - | -€4,693 | €46,571 | €29,297 | -€80,448 | ▼ 375% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €344,585
Net result €344,585 after 5 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€421,117
Net result drops to -€421,117, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aalter · 2 establishment units since 2009
Ground area
1.8 ha
Building footprint
1.1 ha
Volume, LiDAR
68,875 m³
3 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
116
companies at this address
See who is registered here
2 establishment units
BUURTSLAGERS
since 20092.177.767.883
Buurtslagers
since 20252.378.079.516
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0052/00C000 | Flanders | 1.4 ha | 1 · 9,001 m² | 11.4 m · 3 fl. |
| 44050A0780/00G003 | Flanders | 2,622 m² | 1 · 1,083 m² | - |
| 42021C0438/00N003 | Flanders | 1,972 m² | 1 · 743 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 11,037 EUR awarded · 11,037 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,910 EUR | 4,910 EUR |
| 2024 | 1 | 4,627 EUR | 4,627 EUR |
| 2022 | 1 | 1,500 EUR | 1,500 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sites · 1 with a smileyDendermonde2.177.767.883
Zulte2.378.079.516
Dual-learning approval
2 live approvals · 9 endedKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Show 9 ended approvals
Medewerker fastfood (vwo)
Medewerker fastfood duaal (so)
Kassier (so)
Medewerker snackbar-taverne (so)
Winkelbediende (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelverkoper (vwo)
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Of 3,042 companies in this sector we hold annual accounts for 1,568. 552 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded26-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47120Other non-specialised retail sale
47222Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886756182
Also
9925:BE0886756182
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.