FIETO
ActiveSummary
The computed 12-month bankruptcy probability of FIETO is 1.6% (moderate). The 2025 annual accounts show equity of €70,900 and a net result of -€2,587. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 13617 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-3
Solvency79▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.67 in 2024; short-term debt: 34.7% and cash: 38.9% of total assets), and 45.9% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
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 2025Solvency, return and age of the figures
Solvency
54.1%
Return on assets
-2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
393 d late
2023
72 d late
2022
435 d late
2021
129 d late
2020
222 d late
2019
122 d late
← 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 200 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 7 December (4 of the last 5 filed years within 264 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€70,900▼ 3.5%
2024 · €73,487
Total assets
€131,097▼ 14.9%
2024 · €154,100
Net result
-€2,587
2024 · €72
Working capital
€21,751▼ 41.1%
2024 · €36,918
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,121▲ 38.1%-€8,708€5,661€2,414▼ 57.4%-€825
Net result€25,050within the sector's middle half▲ 36.4%-€9,244below the sector's middle half€3,586within the sector's middle half€72within the sector's middle half▼ 98.0%-€2,587within the sector's middle half
Equity€106,572above the sector's middle half▲ 30.7%€97,329above the sector's middle half▼ 8.7%€73,415within the sector's middle half▼ 24.6%€73,487within the sector's middle half▲ 0.1%€70,900within the sector's middle half▼ 3.5%
Total assets€129,971within the sector's middle half▲ 28.5%€120,943within the sector's middle half▼ 6.9%€177,894within the sector's middle half▲ 47.1%€154,100within the sector's middle half▼ 13.4%€131,097within the sector's middle half▼ 14.9%
Debt€23,399▲ 19.1%€23,615▲ 0.9%€104,480▲ 342%€80,613▼ 22.8%€60,197▼ 25.3%
Working capital€63,132above the sector's middle half▲ 33.9%€64,196above the sector's middle half▲ 1.7%€36,117within the sector's middle half▼ 43.7%€36,918within the sector's middle half▲ 2.2%€21,751within the sector's middle half▼ 41.1%
Solvency82.0%above the sector's middle half▲ 1.4pp80.5%above the sector's middle half▼ 1.5pp41.3%within the sector's middle half▼ 39.2pp47.7%within the sector's middle half▲ 6.4pp54.1%within the sector's middle half▲ 6.4pp
Current ratio3.75above the sector's middle half▼ 0.593.72above the sector's middle half▼ 0.031.53within the sector's middle half▼ 2.191.67within the sector's middle half▲ 0.141.48within the sector's middle half▼ 0.20
Return on assets (ROA)19.3%within the sector's middle half▲ 1.1pp-7.6%within the sector's middle half▼ 26.9pp2.0%within the sector's middle half▲ 9.7pp0.0%within the sector's middle half▼ 2.0pp-2.0%within the sector's middle half▼ 2.0pp
Staff (FTE)3.54.7▲ 34.3%4▼ 14.9%5.4▲ 35.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 2025: a loss of €825 after €2,414 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,097
Fixed assets
€63,856 ▲ 2.2%
Current assets
€67,240 ▼ 26.6%
Equity and liabilities €131,097
Equity
€70,900 ▼ 3.5%
Debt
€60,197 ▼ 25.3%
Debt's share of the balance-sheet total falls from 52.3% to 45.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19,959▼
2024 · €24,666
Cash flow
€18,197▼
2024 · €22,324
Quick ratio
1.21▼
2024 · 1.45
Debt to equity
0.85▼
2024 · 1.10
ROE
-3.6%▼
2024 · 0.1%
Interest coverage
11.86▲
2024 · 11.29
Debt ≤ 1 year
€45,489▼
2024 · €54,716
Debt > 1 year
€14,707▼
2024 · €25,897
Income taxes
€180▼
2024 · €196
Staff costs
€39,042▼
2024 · €41,664
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,338 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% | 1.9% |
| 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 6,910 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,385 | €21,352 | €36,419 | €41,664 | €39,042 | ▼ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,043 | €13,981 | €21,375 | €22,252 | €20,784 | ▼ 6.6% |
| Other operating charges640/8 | €694 | €1,042 | €1,758 | €2,068 | €2,518 | ▲ 21.8% |
| Gross operating margin9900 | €50,244 | €27,667 | €65,213 | €68,398 | €61,518 | ▼ 10.1% |
| Operating profit (loss)9901 | €28,121 | -€8,708 | €5,661 | €2,414 | -€825 | ▼ 134% |
| Financial income75/76B | €15 | €23 | €167 | €39 | €101 | ▲ 157% |
| Recurring financial income75 | €15 | €23 | €167 | €39 | €101 | ▲ 157% |
| Financial charges65/66B | €586 | €1,058 | €2,110 | €2,185 | €1,682 | ▼ 23.0% |
| Recurring financial charges65 | €586 | €1,058 | €2,110 | €2,185 | €1,682 | ▼ 23.0% |
| Profit (loss) for the period before taxes9903 | €27,550 | -€9,744 | €3,718 | €268 | -€2,407 | ▼ 998% |
| Income taxes67/77 | €2,500 | -€500 | €133 | €196 | €180 | ▼ 8.2% |
| Profit (loss) for the period9904 | €25,050 | -€9,244 | €3,586 | €72 | -€2,587 | ▼ 3,682% |
| Profit (loss) for the period to be appropriated9905 | €25,050 | -€9,244 | €3,586 | €72 | -€2,587 | ▼ 3,682% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,971 | €120,943 | €177,894 | €154,100 | €131,097 | ▼ 14.9% |
| Fixed assets21/28 | €43,867 | €33,132 | €73,958 | €62,466 | €63,856 | ▲ 2.2% |
| Tangible fixed assets22/27 | €41,667 | €30,932 | €71,558 | €60,066 | €61,456 | ▲ 2.3% |
| Plant, machinery and equipment23 | €7,875 | €3,630 | €1,029 | €43 | - | - |
| Furniture and vehicles24 | €33,792 | €27,302 | €23,613 | €23,994 | €36,313 | ▲ 51.3% |
| Leasing and similar rights25 | - | - | €46,916 | €36,030 | €25,143 | ▼ 30.2% |
| Financial fixed assets28 | €2,200 | €2,200 | €2,400 | €2,400 | €2,400 | = |
| Current assets29/58 | €86,104 | €87,811 | €103,937 | €91,634 | €67,240 | ▼ 26.6% |
| Stocks and contracts in progress3 | €7,227 | €9,781 | €11,550 | €12,150 | €12,150 | = |
| Stocks30/36 | €7,227 | €9,781 | €11,550 | €12,150 | €12,150 | = |
| Amounts receivable within one year40/41 | €11,565 | €19,783 | €22,229 | €14,205 | €4,146 | ▼ 70.8% |
| Trade receivables40 | €4,209 | €4,402 | €4,242 | €4,125 | €3,790 | ▼ 8.1% |
| Other amounts receivable41 | €7,356 | €15,381 | €17,987 | €10,079 | €355 | ▼ 96.5% |
| Cash at bank and in hand54/58 | €67,312 | €56,645 | €70,058 | €65,279 | €50,945 | ▼ 22.0% |
| Deferred charges and accrued income490/1 | - | €1,602 | €100 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,971 | €120,943 | €177,894 | €154,100 | €131,097 | ▼ 14.9% |
| Equity10/15 | €106,572 | €97,329 | €73,415 | €73,487 | €70,900 | ▼ 3.5% |
| Contributions10/11 | €8,600 | €8,600 | €8,600 | €8,600 | €8,600 | = |
| Capital10 | €8,600 | €8,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €10,000 | €10,000 | - | - | - | - |
| Reserves13 | €97,972 | €88,729 | €64,815 | €64,887 | €62,300 | ▼ 4.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €96,112 | €86,869 | €64,815 | €64,887 | €62,300 | ▼ 4.0% |
| Amounts payable17/49 | €23,399 | €23,615 | €104,480 | €80,613 | €60,197 | ▼ 25.3% |
| Amounts payable after more than one year17 | €427 | - | €36,660 | €25,897 | €14,707 | ▼ 43.2% |
| Financial debts170/4 | €427 | - | €36,660 | €25,897 | €14,707 | ▼ 43.2% |
| Amounts payable within one year42/48 | €22,972 | €23,615 | €67,820 | €54,716 | €45,489 | ▼ 16.9% |
| Current portion of amounts payable after more than one year42 | €5,076 | €427 | €10,277 | €10,762 | €11,190 | ▲ 4.0% |
| Financial debts43 | - | €2,682 | €2,541 | - | - | - |
| Credit institutions430/8 | - | €2,682 | €2,541 | - | - | - |
| Trade debts44 | €6,691 | €7,728 | €11,908 | €6,081 | €7,331 | ▲ 20.6% |
| Suppliers440/4 | €6,691 | €7,728 | €11,908 | €6,081 | €7,331 | ▲ 20.6% |
| Taxes, remuneration and social security45 | €10,636 | €11,664 | €14,161 | €14,843 | €16,009 | ▲ 7.9% |
| Taxes450/3 | €5,626 | €5,258 | €7,989 | €8,631 | €8,915 | ▲ 3.3% |
| Remuneration and social security454/9 | €5,010 | €6,406 | €6,172 | €6,212 | €7,094 | ▲ 14.2% |
| Other amounts payable47/48 | €569 | €1,114 | €28,932 | €23,030 | €10,959 | ▼ 52.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,050 | -€9,244 | €3,586 | €72 | -€2,587 | ▼ 3,682% |
| + Depreciation and write-downs630 | €12,043 | €13,981 | €21,375 | €22,252 | €20,784 | ▼ 6.6% |
| Operating cash flow (approximation) | €37,094 | €4,738 | €24,961 | €22,324 | €18,197 | ▼ 18.5% |
| Investment in fixed assets (approximation) | - | -€3,247 | -€62,201 | -€10,761 | -€22,174 | ▼ 106% |
| Change in cash | - | -€10,667 | €13,412 | -€4,779 | -€14,334 | ▼ 200% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 393 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 435 days late
2023
31-12
Financial
Back to profitnet €3,586
Net result €3,586 after one loss-making year.
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 129 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 222 days late
2021
31-12
Financial
Highest result since 2018net €25,050 ▲36.4%
Operating result €28,121, net result €25,050, both a record.
31-12
Financial
Equity above €100,000Eq €106,572 ▲30.7%
2 profitable years in a row build equity to €106,572.
2020
31-12
Financial
Back to profitnet €18,368
Net result €18,368 after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet -€60,023
Net result drops to -€60,023, the lowest in the series; recovery starts the following year.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Geraardsbergen · 1 establishment unit since 2010
Ground area
707 m²
Building footprint
317 m²
Volume, LiDAR
2,385 m³
2 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Bar Sajet
since 20102.184.865.018
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41065A0351/00G000 | Flanders | 587 m² | 1 · 196 m² | 8.3 m · 2 fl. |
| 41362B0728/00A000 | Flanders | 120 m² | 1 · 120 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteNinove2.184.865.018
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,778. 8,158 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
Founded22-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47690Retail sale of other cultural and recreation goods
47770Retail sale of watches and jewellery
74201Photography, excluding press photography
Contact
E-mail
Tom.verbeken@telenet.beNinove
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822519418
Also
9925:BE0822519418
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.