FIBERAL
ActiveFrom the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FIBERAL has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €519,386 and a net result of €217,140. Equity has been shrinking by about 9.4% per year since 2019. Its solvency ranks better than 37% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 28-09-1990 Normal situation
- Legal form
- Private limited company
- Registered office
- Sint-Katriensteenweg 35, 8520 Kuurne
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
- Establishment unit
- 2.049.742.335 8520 Kuurne, since 09-10-1990
- Financial year end
- 30 June
- Peppol
- Reachable since 29-10-2025
Board and ownership
- Steven Eligius VanhauwaertDirector
- Sylvie Raymonda Josephine VanhauwaertDirector
- Holdings
- Shares in 1 company VANHAUWAERT MACHINES
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €370,087
- ▲ 621%
- Turnover
- ≈ €420,000
- estimated
- Profit
- €217,140
- Equity
- €519,386
- ▲ 71.8%
- Total assets
- €2.8m
- ▲ 89.8%
Score breakdownraises riskEquity €519,386 (18.3% of total assets)lowers riskSize: total assets €2.8mFigures for financial year 2025 (filed on 23-01-2026)Founded in 1990Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 38% of them on solvency, 18% on liquidity, 68% on profitability and 92% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 23-01-2026
- Format
- abbreviated format
- Reference
- 2026-00012175
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is over 10 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 2,613 companies had the same profile as FIBERAL has now. Two years later, 0.7% had gone bankrupt and 97.3% were still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FIBERAL itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for FIBERAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €453 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €30,016 | €21,195 | €71,529 | ▲ 237% |
| Other operating charges640/8 | - | - | - | €5,979 | €112 | €115 | €427 | ▲ 272% |
| Gross operating margin9900 | €12,929 | €12,699 | €12,903 | €12,691 | €11,305 | €51,358 | €370,087 | ▲ 621% |
| Operating profit (loss)9901 | €11,954 | €11,831 | €11,926 | €6,712 | -€18,823 | €29,595 | €298,130 | ▲ 907% |
| Financial income75/76B | - | - | - | €144,400 | €7,220 | - | - | - |
| Recurring financial income75 | €867 | €927 | - | €144,400 | €7,220 | - | - | - |
| Financial charges65/66B | - | - | - | €61 | €11,004 | €33,784 | €76,256 | ▲ 126% |
| Recurring financial charges65 | €167 | €129 | €58 | €61 | €11,004 | €33,784 | €76,256 | ▲ 126% |
| Profit (loss) for the period before taxes9903 | €12,653 | €12,629 | €11,868 | €151,051 | -€22,607 | -€4,190 | €221,874 | - |
| Income taxes67/77 | €3,996 | €3,988 | €2,967 | €15,348 | - | - | €4,734 | - |
| Profit (loss) for the period9904 | €8,658 | €8,641 | €8,901 | €135,703 | -€22,607 | -€4,190 | €217,140 | - |
| Profit (loss) for the period to be appropriated9905 | €8,658 | €8,641 | €8,901 | €135,703 | -€22,607 | -€4,190 | €217,140 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | €1.5m | €2.8m | ▲ 89.8% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €1.4m | €2.5m | ▲ 73.2% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €1.2m | €2.2m | ▲ 89.3% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €1.2m | €2.2m | ▲ 89.3% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Current assets29/58 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.07m | €0.4m | ▲ 450% |
| Amounts receivable within one year40/41 | €0.07m | €0.07m | €0.06m | - | €0.2m | €0.002m | €0.001m | ▼ 22.7% |
| Other amounts receivable41 | - | - | - | - | €0.2m | €0.002m | €0.001m | ▼ 22.7% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.1m | €0.09m | €0.03m | €0.06m | €0.4m | ▲ 480% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.007m | €0.002m | €202 | ▼ 89.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | €1.5m | €2.8m | ▲ 89.8% |
| Equity10/15 | €0.5m | €0.5m | €0.6m | €0.4m | €0.4m | €0.3m | €0.5m | ▲ 71.8% |
| Contributions10/11 | €0.04m | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Revaluation surpluses12 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | €0.4m | ▲ 131% |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.4m | ▲ 135% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €0.2m | €0.2m | €0.1m | €0.4m | €0.3m | €1.2m | €2.3m | ▲ 94.4% |
| Amounts payable within one year42/48 | €0.06m | €0.04m | €0.002m | €0.2m | €0.2m | €1.1m | €2.2m | ▲ 102% |
| Trade debts44 | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | €0.1m | €0.2m | ▲ 36.8% |
| Suppliers440/4 | - | - | - | €0.002m | €0.002m | €0.1m | €0.2m | ▲ 36.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | - | - | €0.06m | - |
| Taxes450/3 | - | - | - | €0.02m | - | - | €0.06m | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.9m | €1.9m | ▲ 106% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 22.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.009m | €0.009m | €0.009m | €0.1m | -€0.02m | -€0.004m | €0.2m | - |
| + Depreciation and write-downs630 | - | - | - | - | €0.03m | €0.02m | €0.07m | ▲ 237% |
| Operating cash flow (approximation) | €0.009m | €0.009m | €0.009m | €0.1m | €0.007m | €0.02m | €0.3m | ▲ 17× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0.03m | -€0.9m | -€1.1m | ▼ 18.3% |
| Change in cash | - | -€0.03m | -€0.03m | -€0.03m | -€0.06m | €0.03m | €0.3m | ▲ 867% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 23-01-2026 | 2026-00012175 | |
| 30-06-2024 | abbreviated format | 24-01-2025 | 2025-00009289 | |
| 30-06-2023 | abbreviated format | 15-01-2024 | 2024-00001507 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00011702 | |
| 30-06-2021 | abbreviated format | 22-12-2021 | 2021-81400195 | |
| 30-06-2020 | abbreviated format | 27-01-2021 | 2021-02200383 | |
| 30-06-2019 | abbreviated format | 13-12-2019 | 2019-76000351 | |
| 30-06-2018 | abbreviated format | 01-02-2019 | 2019-04200501 | |
| 30-06-2017 | abbreviated format | 18-01-2018 | 2018-01800100 | |
| 30-06-2016 | abbreviated format | 12-01-2017 | 2017-01100426 |
Comparable companies
These companies have the same main activity as FIBERAL: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2.6m and €3.3m, founded between 1989 and 1994.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| FIBERAL Kuurne | 1990 | €2.8m | €0.5m | €0.4m | €0.2m | - | 2025 |
| SIMCO Roeselare | 1992 | €2.8m | €1.7m | €0.3m | €0.2m | 0 | 2025 |
| EUREKA Knokke-Heist | 1992 | €3.1m | €1.1m | €0.4m | €0.1m | - | 2025 |
| LE TOUCQUET Knokke-Heist | 1994 | €2.6m | €1.1m | €0.4m | €0.2m | - | 2025 |
| GROEP TER LINDE Lendelede | 1989 | €3.3m | €1.5m | €0.4m | €0.005m | 0 | 2025 |
| ZEVENBERGEN Brugge | 1994 | €3.0m | €2.9m | €0.4m | €0.2m | - | 2025 |
| WEST INVEST Oostende | 1993 | €3.2m | €1.5m | €0.3m | -€0.3m | - | 2025 |
They were chosen from the 7,230 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Steven Eligius Vanhauwaert |
|
| Sylvie Raymonda Josephine Vanhauwaert |
|
| Albert Thomas Alian Vanhauwaert |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, met of zonder beperking van duur”1 more provision on this in the deed
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Op elk moment, vormen vereist voor de statutenwijziging”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, bestuurder(s) in functie”
Articles of association, deed of 29-04-2026
Owners and capital
Capital transactions
- 29-04-2026 Converted to unavailable equity
Shares according to the articles of association
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- Liquidation distribution: “De goederen die nog in natura voorhanden zijn op dezelfde wijze verdeeld, het netto actief verdeeld onder alle aandeelhouders naar…”4 more provisions in the deed, see the deed of 29-04-2026
Articles of association, deed of 29-04-2026 (in Dutch)
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
66.2%
Connections & network
2 current directorsThe network starts from the directors of FIBERAL. Every other company they run is a node.
History
Acts, filings and financial milestones
29-04
Gazette deed
Resignation: Albert Thomas Alian Vanhauwaert (statutory manager)Reappointment: Albert Thomas Alian Vanhauwaert (statutory director) · Appointments: Steven Eligius Vanhauwaert (statutory director) and Sylvie Raymonda Josephine Vanhauwaert (statutory director) · Legal-form conversion13 points ▸
- Legal-form conversion, “besloten vennootschap (BV)” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, beschikbaar te maken voor uitkering” (deed in Dutch)
- Capital
- Registered-office move, Vlaams Gewest
- Director resignation, Albert Thomas Alian Vanhauwaert (statutory manager)
- Director reappointment, Albert Thomas Alian Vanhauwaert (statutory director)
- Director discharge, Albert Thomas Alian Vanhauwaert
- Director appointment, Steven Eligius Vanhauwaert (statutory director), mentioned 2 times in the deed
- Director appointment, Sylvie Raymonda Josephine Vanhauwaert (statutory director), mentioned 2 times in the deed
- Director in office, Albert Thomas Alian Vanhauwaert (statutory director)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20255 activities
- De aan- en verkoop, de exploitatie, de valorisatie, het verkavelen, de urbanisatie, de ruiling en verdeling, het huren en verhuren van alle onroerende, gebouwde en ongebouwde, gemeubelde en niet-gemeubelde goederen, alsook het uitvoeren van alle bouw- en verbouwingswerken, het afsluiten van overeenkomsten en het verrichten van alle daden in verband met hun gebruik, genot en opbrengst.
- Het nemen van participaties en deelnemingen in andere vennootschappen of ondernemingen.
- Het beleggen, het beheren, en uitbaten van roerende waarden en bezittingen, het financieren van investeringen, hetzij voor eigen rekening, hetzij voor rekening van derden.
- Het besturen, begeleiden en adviseren van ondernemingen en vennootschappen.
- Het uitvoeren of doen uitvoeren van research in verband met ondernemingen op alle technische gebieden, zoals marketing, productie, ondernemingstechnieken en dergelijke, het geven of doen geven van adviezen op het gebied van management, boekhouding en computerisering alsmede alle invoering, begeleiding en uitvoering van hogermelde research en adviezen, dit alles in de meest ruime zin van het woord.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34023A0446/00H000 | Flanders | 7,785 m² | 1 · 2,259 m² | 10.5 m · 3 |