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FILAO

Active
Public limited companyfounded 20215 yrs activeRue du Déversoir 1, 6010 Charleroi, BelgiumKBO/BCE: BE 0770.352.917
Summary

FILAO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €456,574. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 278 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
FILAOActiveChecked score 64/100
Risk analysis ReportCompare

Overview

Activity
Materials recovery from waste
NACE 38210NACE 38321NACE 38329
#7 company by total assets in Hainaut, Waste collection and treatment sector1 site
Size
€44.7mturnover 2025
Staff
41 FTE
Equity
€4.0m
Profit
€456,574
Financial health
64 Healthy Checked score 2025
Bankruptcy chance 12 m
1.4%
Structure
Parent
ROXANE NORD SAS S. Etr. · 55%
Accounts on time0 of 7 deeds read
Why 64- Liquidity: current ratio 0.50- Equity €4.0m (8.4% of total assets)- Founded in 2021+ Size: turnover €44.7m, 41 FTE, total assets €47.6mShow the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 53% of its sector peers (NACE 38, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 33+7
equity 8.4% of total assets
Liquidity 43+19
short-term debt 55.5%
Profitability 72+29
return on assets 1.0%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (199 companies)
Last 24 months 11-2024: 4.2%highest value 12-2024: 4.2%● 0.0% vs 11-2024highest value 01-2025: 2.0%▼ -51.6% vs 12-2024 02-2025: 2.0%● 0.0% vs 01-2025 03-2025: 1.2%▼ -40.8% vs 02-2025lowest value 04-2025: 1.2%▲ +0.8% vs 03-2025 05-2025: 1.2%▲ +2.1% vs 04-2025 06-2025: 1.3%▲ +4.6% vs 05-2025 07-2025: 1.3%▲ +1.7% vs 06-2025 08-2025: 1.4%▲ +6.7% vs 07-2025 09-2025: 1.4%● 0.0% vs 08-2025 10-2025: 1.4%● 0.0% vs 09-2025 11-2025: 1.4%● 0.0% vs 10-2025 12-2025: 1.5%▲ +3.1% vs 11-2025 01-2026: 1.5%● 0.0% vs 12-2025 02-2026: 1.5%● 0.0% vs 01-2026 03-2026: 1.5%▲ +1.5% vs 02-2026 04-2026: 1.5%▲ +2.5% vs 03-2026 05-2026: 1.5%▲ +1.9% vs 04-2026 06-2026: 1.6%▲ +3.6% vs 05-2026 07-2026: 1.7%▲ +3.4% vs 06-2026 08-2026: 1.5%▼ -10.1% vs 07-2026 09-2026: 1.5%● 0.0% vs 08-2026 10-2026: 1.4%▼ -2.8% vs 09-2026
  • Liquidity: current ratio 0.50 raises the probability
  • Equity €4.0m (8.4% of total assets) raises the probability
  • Founded in 2021 raises the probability for this profile
  • Size: turnover €44.7m, 41 FTE, total assets €47.6m lowers the probability for this profile
Credit up to €250,000 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.42 in 2024; short-term debt: 55.5% of total assets), and 91.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, small). Better than this share of them on solvency 11%, liquidity 43%, profitability 56%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.50
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €4.0m (8.4% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Size: turnover €44.7m, 41 FTE, total assets €47.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 278 sector peers (2025).
NBB · sector comparison
Position among 278 sector peers
Solvency
better than 12%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year €4.0m
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 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
on the day
2024
24 d early
2023
36 d early
2022
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 5 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Back to profitnet €456,574
  3. Equity above €2mEq €4.0m ▲430%

Key points

  • Positive: Equity rose in 2025from €750,342 to €4.0m ▲ 430% View
  • Caution: Among the weakest 12% on solvencysector median 40.9% · 278 companies 8.4% View
  • Controlled by ROXANE NORD SAS S…known shareholders 100% 55% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€44.7m
Profit
€456,574
Solvency
8.4%
Go to Financials

Timeline

Events
7
Since
2023
Next accounts
by 31-07-2027
  1. 31-07-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 31-12-2025Equity above €2m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Materials recovery from wasteNACE 38210
Founded
25-06-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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