FIEDO
ActiveSummary
FIEDO has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €323,187 and a net result of €37,419. Equity has been stable since 2019 (±2.1% per year). Its solvency ranks better than 23% of 304 sector peers (NACE 82, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-04-2010 Normal situation
- Activity
- Other business support services NACE 82990and 1 other
- Establishment unit
- 2.187.377.912 9790 Wortegem-Petegem, since 04-05-2010
- Financial year end
- 31 March
- Peppol
- Reachable since 03-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €180,844
- ▲ 38.0%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €37,419
- ▲ 126%
- Equity
- €323,187
- ▲ 12.4%
- Total assets
- €1.8m
- ▼ 3.3%
Score breakdownraises riskLiquidity: current ratio 0.29, cash €25,154lowers riskSize: total assets €1.8mFigures for financial year 2026 (filed on 17-10-2026)Founded in 2010Show 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 82, micro). It does better than 27% of them on solvency, 44% on liquidity, 31% on profitability and 59% on growth.
The bankruptcy probability was computed on 03-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 14-10-2026 at the NBB all 15 filings
Every figure per financial year
The operating result for 2026 is 76% higher than in 2025 and the highest since 2022. It is the third rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €401,500 | €621,500 | €220,000 | €247,500 | €247,500 |
| Mortgage mandates | - | €425,000 | €826,500 | €1.3m | €1.3m |
| Carrying value of the mortgaged assets | €496,653 | €1.1m | €1.1m | €1.6m | €1.5m |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €89,270 | €731,262 | €5,608 | €658,481 | €2,980 |
| Depreciation and write-downs of the year | €39,359 | €59,938 | €60,766 | €70,608 | €77,954 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €30 awarded · €30 paid| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,641 | €25,758 | €26,968 | €39,359 | €59,938 | €60,766 | €70,608 | €77,954 | ▲ 10.4% |
| Other operating charges640/8 | - | - | - | €2,579 | €6,201 | €4,046 | €4,935 | €5,506 | ▲ 11.6% |
| Gross operating margin9900 | €69,317 | €78,758 | €57,282 | €74,490 | €83,858 | €117,368 | €131,001 | €180,844 | ▲ 38.0% |
| Operating profit (loss)9901 | €41,531 | €51,047 | €27,577 | €32,552 | €17,719 | €52,556 | €55,458 | €97,384 | ▲ 75.6% |
| Financial income75/76B | - | - | - | €39 | €379 | €0 | €66 | €12 | ▼ 82.5% |
| Recurring financial income75 | €1 | €15 | €55 | €39 | €379 | €0 | €66 | €12 | ▼ 82.5% |
| Financial charges65/66B | - | - | - | €5,615 | €13,056 | €15,484 | €27,126 | €38,041 | ▲ 40.2% |
| Recurring financial charges65 | €4,787 | €4,427 | €4,087 | €5,615 | €13,056 | €15,484 | €27,126 | €38,041 | ▲ 40.2% |
| Profit (loss) for the period before taxes9903 | €36,744 | €46,635 | €23,545 | €26,976 | €5,041 | €37,072 | €28,399 | €59,355 | ▲ 109% |
| Income taxes67/77 | €7,412 | €14,537 | €8,246 | €10,146 | €4,050 | €12,675 | €11,864 | €21,936 | ▲ 84.9% |
| Profit (loss) for the period9904 | €29,332 | €32,097 | €15,299 | €16,830 | €991 | €24,397 | €16,534 | €37,419 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €29,332 | €32,097 | €15,299 | €16,830 | €991 | €24,397 | €16,534 | €37,419 | ▲ 126% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.6m | €0.7m | €1.3m | €1.3m | €1.8m | €1.8m | ▼ 3.3% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.5m | €0.6m | €1.3m | €1.2m | €1.8m | €1.7m | ▼ 4.2% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.5m | €0.6m | €1.3m | €1.2m | €1.8m | €1.7m | ▼ 4.2% |
| Land and buildings22 | - | - | - | €0.5m | €1.2m | €1.1m | €1.7m | €1.7m | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 6.5% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.06m | €0.05m | €0.03m | €0.01m | ▼ 63.1% |
| Current assets29/58 | €0.05m | €0.08m | €0.08m | €0.09m | €0.03m | €0.05m | €0.02m | €0.04m | ▲ 64.6% |
| Amounts receivable within one year40/41 | €0.007m | €0.002m | €0.01m | €0.07m | €0.02m | €0.009m | €0.009m | €0.01m | ▲ 23.8% |
| Trade receivables40 | - | - | - | €0.07m | €0.02m | €0.007m | €0.009m | €0.01m | ▲ 23.8% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.002m | €0.001m | - | - | - |
| Current investments50/53 | - | - | - | - | - | - | €0.002m | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.07m | €0.07m | €0.01m | €0.01m | €0.04m | €0.01m | €0.03m | ▲ 130% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.002m | €0.001m | €0.002m | ▲ 36.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.6m | €0.7m | €1.3m | €1.3m | €1.8m | €1.8m | ▼ 3.3% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 12.4% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 12.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 12.7% |
| Amounts payable17/49 | €0.4m | €0.4m | €0.3m | €0.4m | €1.0m | €1.0m | €1.5m | €1.4m | ▼ 6.3% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.3m | €0.9m | €0.9m | €1.4m | €1.3m | ▼ 5.6% |
| Financial debts170/4 | - | - | - | €0.3m | €0.8m | €0.8m | €1.3m | €1.2m | ▼ 6.0% |
| Other amounts payable178/9 | - | - | - | €0.04m | €0.07m | €0.09m | €0.09m | €0.09m | = |
| Amounts payable within one year42/48 | €0.05m | €0.05m | €0.05m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 14.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.06m | €0.06m | €0.08m | €0.08m | ▼ 4.1% |
| Trade debts44 | €0.002m | €0.001m | €0.003m | €0.003m | €0.01m | €0.004m | €0.003m | €0.007m | ▲ 136% |
| Suppliers440/4 | - | - | - | €0.003m | €0.01m | €0.004m | €0.003m | €0.007m | ▲ 136% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.005m | €0.009m | €0.01m | €0.008m | ▼ 27.0% |
| Taxes450/3 | - | - | - | €0.006m | €0.005m | €0.009m | €0.01m | €0.008m | ▼ 27.0% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.04m | €0.05m | €0.06m | €0.04m | ▼ 35.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.004m | €0.005m | €0.009m | €0.01m | ▲ 25.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,332 | €32,097 | €15,299 | €16,830 | €991 | €24,397 | €16,534 | €37,419 | ▲ 126% |
| + Depreciation and write-downs630 | €25,641 | €25,758 | €26,968 | €39,359 | €59,938 | €60,766 | €70,608 | €77,954 | ▲ 10.4% |
| Operating cash flow (approximation) | €54,972 | €57,856 | €42,267 | €56,189 | €60,929 | €85,164 | €87,142 | €115,373 | ▲ 32.4% |
| Investment in fixed assets (approximation) | - | -€4,314 | -€9,249 | -€89,270 | -€731,262 | -€5,608 | -€658,481 | -€2,980 | ▲ 99.5% |
| Change in cash | - | €31,573 | -€7,669 | -€52,306 | -€1,835 | €27,937 | -€29,238 | €14,197 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,107 companies had the same profile as FIEDO has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FIEDO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 4,107 companies, not a prediction for FIEDO. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 14-10-2026 | 2026-00561430 | |
| 31-03-2025 | micro format | 16-09-2025 | 2025-00494964 | |
| 31-03-2024 | micro format | 22-10-2024 | 2024-00512615 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00501269 | |
| 31-03-2022 | micro format | 04-10-2022 | 2022-20456522 | |
| 31-03-2021 | micro format | 04-10-2021 | 2021-70900503 | |
| 31-03-2020 | micro format | 05-10-2020 | 2020-59100064 | |
| 31-03-2019 | micro format | 23-09-2019 | 2019-65200222 | |
| 31-03-2018 | micro format | 09-10-2018 | 2018-68900483 | |
| 31-03-2017 | micro format | 25-09-2017 | 2017-62200093 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 11-05-2023 Capital stated in the deed · 1,860 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SINGEOT Dominique |
|
| VAN dEN ABEELE Fien |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie indien geen andere vereffenaar…”
Articles of association, deed of 11-05-2023 (in Dutch)
Network & group
FIEDO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of FIEDO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
11-05
Gazette deed
Reappointments: SINGEOT Dominique (director) and VAN dEN ABEELE Fien (director)Capital · Registered office clause · Power of attorney10 points ▸
- Capital
- Registered office clause, “9790 Wortegem-Petegem,Ooikeplein 40” (deed in Dutch)
- Director reappointment, SINGEOT Dominique (director (not named in the articles))
- Director reappointment, VAN dEN ABEELE Fien (director (not named in the articles))
- Power of attorney, Michaël Mullie
- Power of attorney
- Other provision, “stemming, alle beslissingen met eenparigheid van stemmen genomen” (deed in Dutch)
- General meeting, 27-04-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, EUR, “Tweede besluit” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45025C1108/00D000 | Flanders | 1,525 m² | 1 · 220 m² | 8.8 m · 2 |