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FIGEN

Active
Private limited companyfounded 20232 yrs activeEmiel Clauslaan 37, 9800 Deinze, BelgiumKBO/BCE: BE 1003.181.621
Summary

The computed 12-month bankruptcy probability of FIGEN is 2.2% (moderate). The 2025 annual accounts show equity of €27,596 and a net result of -€1,636. Its solvency ranks better than 33% of 18626 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability47▼-37
Solvency39▲+1
Growth32
Track record82
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.03 in 2024; short-term debt: 85.7% and cash: 29.2% of total assets), and 85.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
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 2025
Solvency, return and age of the figures
Solvency
14.3%
Return on assets
-0.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
on the day
2024
5 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 3 days after 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FIGEN was incorporated on 8 December 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€27,596▼ 5.6%
2024 · €29,232
Total assets
€192,429▼ 12.4%
2024 · €219,740
Net result
-€1,636
2024 · €27,232
Working capital
€9,652▲ 47.9%
2024 · €6,528
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€34,701--€933
Net result€27,232above the sector's middle half--€1,636within the sector's middle half
Equity€29,232within the sector's middle half-€27,596within the sector's middle half▼ 5.6%
Total assets€219,740within the sector's middle half-€192,429within the sector's middle half▼ 12.4%
Debt€190,508-€164,833▼ 13.5%
Working capital€6,528within the sector's middle half-€9,652within the sector's middle half▲ 47.9%
Solvency13.3%within the sector's middle half-14.3%within the sector's middle half▲ 1.0pp
Current ratio1.03within the sector's middle half-1.06within the sector's middle half▲ 0.02
Return on assets (ROA)12.4%above the sector's middle half--0.9%within the sector's middle half▼ 13.2pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2024: €34,701€34,701Net result 2024: €27,232€27,232Operating result 2025: -€933-€933Net result 2025: -€1,636-€1,63620242025-€10,000€0€10,000€20,000€30,000Operating result 2024: €34,701€34,700Net result 2024: €27,232€27,200Operating result 2025: -€933-€933Net result 2025: -€1,636-€1,64020242025
The operating result turns negative in 2025: a loss of €933 after €34,701 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192,429
Fixed assets €17,944 ▼ 21.0%
Current assets €174,486 ▼ 11.4%
Equity and liabilities €192,429
Equity €27,596 ▼ 5.6%
Debt €164,833 ▼ 13.5%
Debt's share of the balance-sheet total falls from 86.7% to 85.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3,828▼
2024 · €37,931
Cash flow
€3,124▼
2024 · €30,462
Quick ratio
0.41▲
2024 · 0.20
Debt to equity
5.97▼
2024 · 6.52
ROE
-5.9%▼
2024 · 93.2%
Interest coverage
3.56▼
2024 · 53.41
Debt ≤ 1 year
€164,833▼
2024 · €190,508
Income taxes
€1,080▼
2024 · €8,163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,271 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
4.1% went bankrupt
2.0% stopped otherwise
93% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,271 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€219,740€192,429▼
Fixed assets21/28€22,704€17,944▼
Intangible fixed assets21€8,581€6,581▼
Tangible fixed assets22/27€14,123€11,363▼
Furniture and vehicles24€5,895€4,009▼
Other tangible fixed assets26€8,228€7,354▼
Current assets29/58€197,036€174,486▼
Stocks and contracts in progress3€158,882€106,985▼
Stocks30/36€158,882€106,985▼
Amounts receivable within one year40/41€4,225€11,316▲
Trade receivables40€3,061€10,032▲
Other amounts receivable41€1,164€1,284▲
Cash at bank and in hand54/58€33,929€56,151▲
Deferred charges and accrued income490/1-€33
Equity and liabilities
Total equity and liabilities10/49€219,740€192,429▼
Equity10/15€29,232€27,596▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€27,232€25,596▼
Amounts payable17/49€190,508€164,833▼
Amounts payable within one year42/48€190,508€164,833▼
Trade debts44€3,471€42,831▲
Suppliers440/4€3,471€42,831▲
Advances received on contracts in progress46€102,000€35,669▼
Taxes, remuneration and social security45€23,355€22,331▼
Taxes450/3€23,355€22,331▼
Other amounts payable47/48€61,682€64,002▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,230€4,760▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€67,409
Other operating charges640/8€1,351€676▼
Gross operating margin9900€39,282€71,912▲
Operating profit (loss)9901€34,701-€933▼
Financial income75/76B€1,404€1,451▲
Recurring financial income75€1,404€1,451▲
Financial charges65/66B€710€1,075▲
Recurring financial charges65€710€1,075▲
Profit (loss) for the period before taxes9903€35,395-€557▼
Income taxes67/77€8,163€1,080▼
Profit (loss) for the period9904€27,232-€1,636▼
Profit (loss) for the period to be appropriated9905€27,232-€1,636▼
Appropriation of the result
Profit (loss) to be appropriated9906€27,232€25,596▼
Profit (loss) brought forward from the previous period14P-€27,232

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,230€4,760▲ 47.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€67,409-
Other operating charges640/8€1,351€676▼ 50.0%
Gross operating margin9900€39,282€71,912▲ 83.1%
Operating profit (loss)9901€34,701-€933▼ 103%
Financial income75/76B€1,404€1,451▲ 3.4%
Recurring financial income75€1,404€1,451▲ 3.4%
Financial charges65/66B€710€1,075▲ 51.4%
Recurring financial charges65€710€1,075▲ 51.4%
Profit (loss) for the period before taxes9903€35,395-€557▼ 102%
Income taxes67/77€8,163€1,080▼ 86.8%
Profit (loss) for the period9904€27,232-€1,636▼ 106%
Profit (loss) for the period to be appropriated9905€27,232-€1,636▼ 106%
Line20242025Change
Assets
Total assets20/58€219,740€192,429▼ 12.4%
Fixed assets21/28€22,704€17,944▼ 21.0%
Intangible fixed assets21€8,581€6,581▼ 23.3%
Tangible fixed assets22/27€14,123€11,363▼ 19.5%
Furniture and vehicles24€5,895€4,009▼ 32.0%
Other tangible fixed assets26€8,228€7,354▼ 10.6%
Current assets29/58€197,036€174,486▼ 11.4%
Stocks and contracts in progress3€158,882€106,985▼ 32.7%
Stocks30/36€158,882€106,985▼ 32.7%
Amounts receivable within one year40/41€4,225€11,316▲ 168%
Trade receivables40€3,061€10,032▲ 228%
Other amounts receivable41€1,164€1,284▲ 10.3%
Cash at bank and in hand54/58€33,929€56,151▲ 65.5%
Deferred charges and accrued income490/1-€33-
Equity and liabilities
Total equity and liabilities10/49€219,740€192,429▼ 12.4%
Equity10/15€29,232€27,596▼ 5.6%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€27,232€25,596▼ 6.0%
Amounts payable17/49€190,508€164,833▼ 13.5%
Amounts payable within one year42/48€190,508€164,833▼ 13.5%
Trade debts44€3,471€42,831▲ 1,134%
Suppliers440/4€3,471€42,831▲ 1,134%
Advances received on contracts in progress46€102,000€35,669▼ 65.0%
Taxes, remuneration and social security45€23,355€22,331▼ 4.4%
Taxes450/3€23,355€22,331▼ 4.4%
Other amounts payable47/48€61,682€64,002▲ 3.8%
Line20242025Change
Profit (loss) for the period9904€27,232-€1,636▼ 106%
+ Depreciation and write-downs630€3,230€4,760▲ 47.4%
Operating cash flow (approximation)€30,462€3,124▼ 89.7%
Investment in fixed assets (approximation)-€0-
Change in cash-€22,222-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
30-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
05-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Deinze · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,316 m²
Building footprint
271 m²
Volume, LiDAR
1,820 m³
Parcel 44004C0146/00C000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
FIGEN
Emiel Clauslaan 37, 9800 DeinzeManufacture of jewellery
since 20232.356.038.740
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44004C0146/00C000 Flanders 1,316 m² 1 · 271 m² 7.8 m · 2 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.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 720 EUR awarded · 720 EUR paid
Year Entries awardedpaid
2024 1 720 EUR720 EUR
Schemes
1 entry · 720 EUR · 720 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 2,215 companies in sector 47711 we hold annual accounts for 888. 658 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
Founded08-12-2023
Fiscal year end30-09
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47715Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003181621
Registered 12-11-2025

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.