FIEDEC
ActiveSummary
FIEDEC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146,527 and a net result of -€45,400. Equity is shrinking by ~4.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-70
Solvency61▼-8
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 12.19 against 9.27 in 2023; short-term debt: 2.6% and cash: 30.5% of total assets), but 63.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
36.1%
Return on assets
-11.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
69 d late
2022
116 d late
2021
61 d late
2020
122 d late
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 70 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€146,527▼ 23.7%
2023 · €191,927
Total assets
€405,372▼ 8.1%
2023 · €441,120
Net result
-€45,400
2023 · €59,875
Working capital
€116,808▲ 28.3%
2023 · €91,046
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€67,878▲ 559%€2,451▼ 96.4%€22,272▲ 809%€19,586▼ 12.1%-€17,442
Net result€10,239-€3,995€3,550€59,875▲ 1,587%-€45,400
Equity€215,007▲ 9.1%€168,012▼ 21.9%€132,052▼ 21.4%€191,927▲ 45.3%€146,527▼ 23.7%
Total assets€448,404▲ 14.5%€620,832▲ 38.5%€451,613▼ 27.3%€441,120▼ 2.3%€405,372▼ 8.1%
Debt€219,191▲ 12.7%€438,614▲ 100%€305,828▼ 30.3%€235,459▼ 23.0%€248,872▲ 5.7%
Working capital€117,745▲ 1,317%-€66,155€27,702€91,046▲ 229%€116,808▲ 28.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17,442 after €19,586 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €405,372
Fixed assets
€278,121 ▼ 18.0%
Current assets
€127,251 ▲ 24.7%
Equity and liabilities €405,372
Equity
€146,527 ▼ 23.7%
Provisions
€9,972 ▼ 27.4%
Debt
€248,872 ▲ 5.7%
Debt's share of the balance-sheet total rises from 53.4% to 61.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43,501▼
2023 · €45,581
Cash flow
€15,543▼
2023 · €85,870
Current ratio
12.19▲
2023 · 9.27
Debt to equity
1.70▲
2023 · 1.23
ROE
-31.0%▼
2023 · 31.2%
ROA
-11.2%▼
2023 · 13.6%
Interest coverage
1.36▼
2023 · 65.95
Debt ≤ 1 year
€10,443▼
2023 · €11,010
Debt > 1 year
€208,117▼
2023 · €224,449
Income taxes
€161▼
2023 · €3,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 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% | 1.7% |
| 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 75% 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 5,836 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 | - | - | €4,409 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,935 | €18,704 | €19,704 | €25,995 | €60,943 | ▲ 134% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,201 | - |
| Other operating charges640/8 | - | €7,293 | €8,781 | €8,817 | €9,389 | ▲ 6.5% |
| Gross operating margin9900 | €111,370 | €28,448 | €50,757 | €54,398 | €57,092 | ▲ 5.0% |
| Operating profit (loss)9901 | €67,878 | €2,451 | €22,272 | €19,586 | -€17,442 | ▼ 189% |
| Financial income75/76B | - | - | - | €44,625 | €498 | ▼ 98.9% |
| Recurring financial income75 | - | - | - | €44,625 | €498 | ▼ 98.9% |
| Financial charges65/66B | - | €6,446 | €18,602 | €691 | €32,056 | ▲ 4,538% |
| Recurring financial charges65 | €15,020 | €6,446 | €18,602 | €691 | €32,056 | ▲ 4,538% |
| Profit (loss) for the period before taxes9903 | €52,858 | -€3,995 | €3,670 | €63,520 | -€49,000 | ▼ 177% |
| Transfer from deferred taxes780 | - | - | €0 | - | €3,761 | - |
| Income taxes67/77 | - | - | €120 | €3,645 | €161 | ▼ 95.6% |
| Profit (loss) for the period9904 | €10,239 | -€3,995 | €3,550 | €59,875 | -€45,400 | ▼ 176% |
| Transfer from tax-exempt reserves789 | - | - | €0 | - | €11,273 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,967 | -€3,995 | €3,550 | €59,875 | -€34,127 | ▼ 157% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €448,404 | €620,832 | €451,613 | €441,120 | €405,372 | ▼ 8.1% |
| Fixed assets21/28 | €311,468 | €586,387 | €318,083 | €339,064 | €278,121 | ▼ 18.0% |
| Tangible fixed assets22/27 | €311,468 | €586,387 | €318,083 | €339,064 | €278,121 | ▼ 18.0% |
| Land and buildings22 | - | €586,387 | €318,083 | €293,118 | €241,571 | ▼ 17.6% |
| Furniture and vehicles24 | - | - | - | €45,945 | €36,550 | ▼ 20.4% |
| Current assets29/58 | €136,936 | €34,445 | €133,530 | €102,056 | €127,251 | ▲ 24.7% |
| Amounts receivable within one year40/41 | €19 | €1,356 | €680 | €680 | €19 | ▼ 97.3% |
| Trade receivables40 | - | €1,338 | €661 | €661 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €18 | €19 | €19 | €19 | = |
| Cash at bank and in hand54/58 | €136,917 | €33,089 | €131,611 | €98,832 | €123,476 | ▲ 24.9% |
| Deferred charges and accrued income490/1 | - | - | €1,239 | €2,544 | €3,757 | ▲ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €448,404 | €620,832 | €451,613 | €441,120 | €405,372 | ▼ 8.1% |
| Equity10/15 | €215,007 | €168,012 | €132,052 | €191,927 | €146,527 | ▼ 23.7% |
| Contributions10/11 | €105,000 | €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 | €113,974 | €113,974 | €112,555 | €112,555 | €101,282 | ▼ 10.0% |
| Non-distributable reserves130/1 | - | €10,500 | €10,500 | €10,500 | €10,500 | = |
| Legal reserve130 | - | €10,500 | €10,500 | €10,500 | €10,500 | = |
| Tax-exempt reserves132 | - | €42,619 | €41,200 | €41,200 | €29,927 | ▼ 27.4% |
| Distributable reserves133 | - | €60,855 | €60,855 | €60,855 | €60,855 | = |
| Profit (loss) carried forward14 | -€3,967 | -€7,962 | -€42,503 | €17,372 | -€16,755 | ▼ 196% |
| Provisions and deferred taxes16 | €14,206 | €14,206 | €13,733 | €13,733 | €9,972 | ▼ 27.4% |
| Deferred taxes168 | - | €14,206 | €13,733 | €13,733 | €9,972 | ▼ 27.4% |
| Amounts payable17/49 | €219,191 | €438,614 | €305,828 | €235,459 | €248,872 | ▲ 5.7% |
| Amounts payable after more than one year17 | €200,000 | €338,013 | €200,000 | €224,449 | €208,117 | ▼ 7.3% |
| Financial debts170/4 | - | €138,013 | €0 | €30,881 | €23,509 | ▼ 23.9% |
| Other amounts payable178/9 | - | €200,000 | €200,000 | €193,568 | €184,608 | ▼ 4.6% |
| Amounts payable within one year42/48 | €19,191 | €100,600 | €105,828 | €11,010 | €10,443 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | €9,000 | €0 | €7,046 | €7,372 | ▲ 4.6% |
| Trade debts44 | €3,765 | €5,775 | €3,533 | €199 | €899 | ▲ 351% |
| Suppliers440/4 | - | €5,775 | €3,533 | €199 | €899 | ▲ 351% |
| Taxes, remuneration and social security45 | - | €4,463 | €13,507 | €3,765 | €2,172 | ▼ 42.3% |
| Taxes450/3 | - | €4,463 | €13,507 | €3,765 | €2,172 | ▼ 42.3% |
| Other amounts payable47/48 | - | €81,362 | €88,788 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €30,313 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,239 | -€3,995 | €3,550 | €59,875 | -€45,400 | ▼ 176% |
| + Depreciation and write-downs630 | €35,935 | €18,704 | €19,704 | €25,995 | €60,943 | ▲ 134% |
| Operating cash flow (approximation) | €46,174 | €14,709 | €23,254 | €85,870 | €15,543 | ▼ 81.9% |
| Investment in fixed assets (approximation) | - | -€293,623 | €248,600 | -€46,975 | €0 | ▲ 100% |
| Change in cash | - | -€103,828 | €98,522 | -€32,779 | €24,644 | ▲ 175% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Weakest financial yearnet -€45,400
Net result drops to -€45,400, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Highest result since 2018net €59,875 ▲1,587%
Net result €59,875, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 9.27
Current ratio from 1.26 to 9.27; short-term debt falls from €105,828 to €11,010.
31-12
Financial
Equity above €150,000Eq €191,927 ▲45.3%
2 profitable years in a row build equity to €191,927.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
2022
31-12
Financial
Back to profitnet €3,550
Net result €3,550 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.26
Current ratio from 0.34 to 1.26.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Back to profitnet €10,239
Net result €10,239 after 2 loss-making years.
Show earlier events
31-12
Financial
Liquidity times 5current ratio 7.14
Current ratio from 1.34 to 7.14; short-term debt falls from €24,154 to €19,191.
31-12
Financial
Equity above €200,000Eq €215,007 ▲9.1%
Equity rises from €197,094 to €215,007.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 22current ratio 1.34
Current ratio from 0.06 to 1.34; short-term debt falls from €79,853 to €24,154.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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
6 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, Aalst · 1 establishment unit since 1997
Ground area
1,274 m²
Building footprint
175 m²
Volume, LiDAR
637 m³
Parcel 41005C0179/00Y000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KLEIN DUIMPJE
since 19972.083.466.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41005C0179/00Y000 | Flanders | 1,274 m² | 1 · 175 m² | 6.1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded21-08-1997
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461320914
Also
9925:BE0461320914
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.