FILAARD
ActiveSummary
FILAARD has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €137,957 and a net result of €36,383. Equity is growing by ~17.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+5
Solvency54▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.46 in 2023; short-term debt: 54.7% and cash: 51.4% of total assets), but 70.6% of the assets are financed with debt.
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Signals
Three 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
24 d early
2023
1 d early
2022
3 d early
2021
32 d early
2020
1 d early
2019
on the day
← 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 13 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
Equity
€137,957▼ 11.1%
2023 · €155,214
Total assets
€469,589▼ 22.2%
2023 · €603,967
Net result
€36,383▲ 59.2%
2023 · €22,847
Working capital
€138,646▼ 8.6%
2023 · €151,686
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,463▲ 21.3%€36,752▲ 56.6%€25,050▼ 31.8%€37,067▲ 48.0%€54,295▲ 46.5%
Net result€14,107within the sector's middle half▲ 57.8%€23,048within the sector's middle half▲ 63.4%€17,779within the sector's middle half▼ 22.9%€22,847within the sector's middle half▲ 28.5%€36,383within the sector's middle half▲ 59.2%
Equity€91,540below the sector's middle half▲ 18.2%€114,588below the sector's middle half▲ 25.2%€132,367below the sector's middle half▲ 15.5%€155,214within the sector's middle half▲ 17.3%€137,957below the sector's middle half▼ 11.1%
Total assets€687,329within the sector's middle half▼ 5.6%€644,275within the sector's middle half▼ 6.3%€675,265within the sector's middle half▲ 4.8%€603,967within the sector's middle half▼ 10.6%€469,589below the sector's middle half▼ 22.2%
Debt€595,789▼ 8.5%€529,688▼ 11.1%€542,898▲ 2.5%€448,753▼ 17.3%€331,632▼ 26.1%
Working capital€78,528within the sector's middle half▲ 18.4%€101,004within the sector's middle half▲ 28.6%€116,952within the sector's middle half▲ 15.8%€151,686within the sector's middle half▲ 29.7%€138,646within the sector's middle half▼ 8.6%
Solvency13.3%below the sector's middle half▲ 2.7pp17.8%below the sector's middle half▲ 4.5pp19.6%below the sector's middle half▲ 1.8pp25.7%within the sector's middle half▲ 6.1pp29.4%within the sector's middle half▲ 3.7pp
Current ratio1.20within the sector's middle half▲ 0.051.26within the sector's middle half▲ 0.071.31within the sector's middle half▲ 0.041.46within the sector's middle half▲ 0.151.54within the sector's middle half▲ 0.08
Return on assets (ROA)2.1%within the sector's middle half▲ 0.8pp3.6%within the sector's middle half▲ 1.5pp2.6%within the sector's middle half▼ 0.9pp3.8%within the sector's middle half▲ 1.2pp7.7%within the sector's middle half▲ 4.0pp
Staff (FTE)1.5below the sector's middle half▼ 28.6%1.8within the sector's middle half▲ 20.0%1.8within the sector's middle half=2.4within the sector's middle half▲ 33.3%2.5within the sector's middle half▲ 4.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 46% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €469,589
Fixed assets
€74,137 ▼ 37.7%
Current assets
€395,452 ▼ 18.5%
Equity and liabilities €469,589
Equity
€137,957 ▼ 11.1%
Debt
€331,632 ▼ 26.1%
Debt's share of the balance-sheet total falls from 74.3% to 70.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€99,087▲
2023 · €97,852
Cash flow
€81,175▼
2023 · €83,632
Debt to equity
2.40▼
2023 · 2.89
ROE
26.4%▲
2023 · 14.7%
Interest coverage
16.60▼
2023 · 23.98
Debt ≤ 1 year
€256,806▼
2023 · €333,352
Debt > 1 year
€70,543▼
2023 · €115,401
Income taxes
€13,790▲
2023 · €10,902
Staff costs
€135,726▲
2023 · €117,736
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 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% | 1.8% |
| 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 3,818 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €103,542 | €81,582 | €117,736 | €135,726 | ▲ 15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,535 | €52,630 | €55,659 | €60,784 | €44,792 | ▼ 26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€1,634 | €38,774 | €20,719 | ▼ 46.6% |
| Other operating charges640/8 | - | €3,213 | €20,605 | €3,850 | €6,072 | ▲ 57.7% |
| Gross operating margin9900 | €181,438 | €196,137 | €181,261 | €258,212 | €261,604 | ▲ 1.3% |
| Operating profit (loss)9901 | €23,463 | €36,752 | €25,050 | €37,067 | €54,295 | ▲ 46.5% |
| Financial income75/76B | - | €1,041 | €1,817 | €763 | €1,846 | ▲ 142% |
| Recurring financial income75 | €90 | €1,041 | €1,817 | €763 | €1,846 | ▲ 142% |
| Financial charges65/66B | - | €4,507 | €4,194 | €4,081 | €5,968 | ▲ 46.2% |
| Recurring financial charges65 | €5,304 | €4,507 | €4,194 | €4,081 | €5,968 | ▲ 46.2% |
| Profit (loss) for the period before taxes9903 | €18,248 | €33,285 | €22,673 | €33,750 | €50,173 | ▲ 48.7% |
| Income taxes67/77 | €4,141 | €10,237 | €4,894 | €10,902 | €13,790 | ▲ 26.5% |
| Profit (loss) for the period9904 | €14,107 | €23,048 | €17,779 | €22,847 | €36,383 | ▲ 59.2% |
| Profit (loss) for the period to be appropriated9905 | €14,107 | €23,048 | €17,779 | €22,847 | €36,383 | ▲ 59.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €687,329 | €644,275 | €675,265 | €603,967 | €469,589 | ▼ 22.2% |
| Fixed assets21/28 | €214,253 | €161,622 | €179,714 | €118,929 | €74,137 | ▼ 37.7% |
| Intangible fixed assets21 | €15,000 | €12,500 | €10,000 | €7,500 | €5,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €198,614 | €148,483 | €169,075 | €110,790 | €68,498 | ▼ 38.2% |
| Land and buildings22 | - | €45,819 | €43,353 | €40,886 | €27,516 | ▼ 32.7% |
| Plant, machinery and equipment23 | - | €7,067 | €69,896 | €53,849 | €39,099 | ▼ 27.4% |
| Furniture and vehicles24 | - | €95,597 | €55,826 | €16,055 | €1,884 | ▼ 88.3% |
| Financial fixed assets28 | €639 | €639 | €639 | €639 | €639 | = |
| Current assets29/58 | €473,076 | €482,653 | €495,551 | €485,038 | €395,452 | ▼ 18.5% |
| Stocks and contracts in progress3 | €16,400 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €372,384 | €299,056 | €240,667 | €222,534 | €154,026 | ▼ 30.8% |
| Trade receivables40 | - | €283,993 | €224,887 | €215,282 | €153,871 | ▼ 28.5% |
| Other amounts receivable41 | - | €15,063 | €15,780 | €7,252 | €156 | ▼ 97.9% |
| Cash at bank and in hand54/58 | €83,819 | €183,347 | €252,400 | €262,504 | €241,426 | ▼ 8.0% |
| Deferred charges and accrued income490/1 | - | €250 | €2,484 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €687,329 | €644,275 | €675,265 | €603,967 | €469,589 | ▼ 22.2% |
| Equity10/15 | €91,540 | €114,588 | €132,367 | €155,214 | €137,957 | ▼ 11.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €85,340 | €108,388 | €126,167 | €149,014 | €131,757 | ▼ 11.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €14,570 | €14,570 | €14,570 | €14,570 | = |
| Distributable reserves133 | - | €91,958 | €109,737 | €134,444 | €117,187 | ▼ 12.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €595,789 | €529,688 | €542,898 | €448,753 | €331,632 | ▼ 26.1% |
| Amounts payable after more than one year17 | €201,241 | €148,038 | €164,300 | €115,401 | €70,543 | ▼ 38.9% |
| Financial debts170/4 | - | €148,038 | €164,300 | €115,401 | €70,543 | ▼ 38.9% |
| Amounts payable within one year42/48 | €394,548 | €381,649 | €378,599 | €333,352 | €256,806 | ▼ 23.0% |
| Current portion of amounts payable after more than one year42 | - | €53,202 | €53,882 | €48,899 | €45,273 | ▼ 7.4% |
| Trade debts44 | €298,214 | €305,274 | €311,571 | €235,863 | €140,414 | ▼ 40.5% |
| Suppliers440/4 | - | €305,274 | €311,571 | €235,863 | €140,414 | ▼ 40.5% |
| Advances received on contracts in progress46 | - | €8,340 | €2,141 | €2,036 | €497 | ▼ 75.6% |
| Taxes, remuneration and social security45 | - | €14,833 | €11,004 | €13,050 | €30,761 | ▲ 136% |
| Taxes450/3 | - | €2,655 | - | €1,302 | €12,982 | ▲ 897% |
| Remuneration and social security454/9 | - | €12,178 | €11,004 | €11,747 | €17,779 | ▲ 51.3% |
| Other amounts payable47/48 | - | - | - | €33,506 | €39,861 | ▲ 19.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,284 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,107 | €23,048 | €17,779 | €22,847 | €36,383 | ▲ 59.2% |
| + Depreciation and write-downs630 | €64,535 | €52,630 | €55,659 | €60,784 | €44,792 | ▼ 26.3% |
| Operating cash flow (approximation) | €78,642 | €75,678 | €73,438 | €83,632 | €81,175 | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | €0 | -€73,751 | €0 | €0 | - |
| Change in cash | - | €99,528 | €69,053 | €10,104 | -€21,078 | ▼ 309% |
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
14-08
State Gazette act
Registered officeRegistered-office move · Director in office2 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office2 facts ▸
- Registered-office move, Hoogstraat 15 bus 201 te 2580 Beerzel
- Director in office, Heylen An (director)
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €36,383 ▲59.2%
Operating result €54,295, net result €36,383, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150,000Eq €155,214 ▲17.3%
6 profitable years in a row build equity to €155,214.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €114,588 ▲25.2%
4 profitable years in a row build equity to €114,588.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €8,937 ▼70.3%
Net result drops to €8,937, the lowest in the series; recovery starts the following year.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Putte · 1 establishment unit since 2002
Ground area
2,177 m²
Building footprint
280 m²
Volume, LiDAR
1,171 m³
2 parcels, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Waversesteenweg 92, 2580 Putte
since 20022.100.626.753
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029A0360/00S000 | Flanders | 1,274 m² | 1 · 280 m² | 7.6 m · 1 fl. |
| 12001B0153/00L002 | Flanders | 902 m² | - | - |
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.
Structure & network
Owners and holdings
2 ownersOwners 2
- An Heylennatural personSourceown accounts 202490%
- Staf Nysnatural personSourceown accounts 202410%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of FILAARD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,171 EUR awarded · 1,171 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 928 EUR | 1,171 EUR |
| 2024 | 1 | 243 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 sitePutte2.100.626.753
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Company details
Identification
Legal formPrivate limited company
Founded17-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46311Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477362734
Also
9925:BE0477362734
Registered
10-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.