Equity
-€57,401
Debts exceed assets in financial year 2025.
FOLA5
Lifetime
8 annual accounts with figures on one time axispeak €29,027 (2023)
-€14,891▼ €30,793
lowest -€38,406 (2020)
-€28,389▼ €30,205
peak €47,458 (2018)
-€57,401▼ €28,389
€126,497▲ 2.4%
Board3 names since 2022
2 directorsCécile Odette Paule FOGUENNE and 1 other
Documentsfilings and deeds
11-03-202650 days before the deadline
2025micro format
Gross margin from €15,903 to -€14,891Loss of €28,389Equity from -€29,012 to -€57,401
Key points
from the 2025 annual accountsDebts
€126,497 183% of the balance sheet
Suppliers 1%Taxes and wages 2%Other 97%
Of this, €44,897 falls due within a year.
Position in the sector
-€57,401
Less equity than 95% of companies in other professional activities. Sector median €41,083 · 4,365 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 18% of micro companies in other professional activities (NACE 74)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.2%▼ -0.1 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.7%▲ +0.5 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.6 percentage points vs 03-2026highest value
05-2026: 1.3%● unchanged vs 04-2026highest value
06-2026: 1.3%● unchanged vs 05-2026highest value
07-2026: 1.3%● unchanged vs 06-2026highest value
08-2026: 1.3%● unchanged vs 07-2026highest value
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€57,401
1 change of registered office in 24 months
Loss of €28,389 (financial year 2025)
lowers risk
Size: total assets €69,096
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 74, micro). It does better than 5% of them on solvency, 57% on liquidity, 7% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as FOLA5 has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FOLA5 itself is lower: 1.3% within 12 months. It rests on far more data about FOLA5 than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,008 companies, not a prediction for FOLA5. 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.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.23 (1.76 in 2024), below the usual 1.5. Short-term debt is 65% and cash 43.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€57,401
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 11-03-2026, 50 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
50 days early
2024
40 days early
2023
33 days early
2022
53 days early
2021
32 days early
2020
7 days early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 21 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered office moved from Trois-Ponts to Huy
New registered office: Chemin de la Cave 5 à 4500 Huy · Previous registered office: Logbiermé 4, 4980 Trois-Ponts - Belgique · Permanent representative: Nicolas Rutte · General meeting of 08-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0675848488
1 director appointed, 2 reappointments
Changes of role: Philippe Joseph Marie Ghislain LAMBERT (statutory director) and Cécile Odette Paule FOGUENNE (statutory director) · Appointment: Emile LAMBERT (administrateur ordinaire suppléant) · Reappointments: Philippe Joseph Marie Ghislain LAMBERT (statutory director) and Cécile Odette Paule FOGUENNE (statutory director) · General meeting of 02-10-2023 · Gazette deed
Incorporation
published on 23-05-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FOLA5 Huy | €69,096 | -€14,891 | -83.1% | - |
| Atelier CNC Molenbeek-Saint-Jean | €66,300 | -€674 | 43.2% | - |
| BESTO Pelt | €53,018 | -€2,746 | 87.9% | - |
| FILIP DUJARDIN PHOTOGRAPHER Ghent | €99,393 | -€11,909 | 81.4% | - |
| WHITE DOT Edegem | €37,697 | -€16,134 | -270.3% | - |
| L&O Antwerp | €40,855 | -€17,800 | -426.1% | - |
| OCTA-CONCEPT Schaerbeek | €38,036 | €1,636 | -143.3% | - |
These companies have the same main activity as FOLA5: other specialised design activities (NACE 74140). They are comparable in size and age: total assets between €37,700 and €99,400, founded between 2012 and 2017.
Official details
Source: KBO- Status
- Active since 19-05-2017Normal situation
- Activity
- Other specialised design activitiesNACE 74140and 2 others
- Establishment unit
- 2.264.492.0214500 Huy, since 19-05-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 26-11-2025
Annual accounts to 30-09-2025
- €69,096▼ 26.9%
- Filing
- Filed on 11-03-2026, 50 days before the end of the filing period
Insights on FOLA5
FOLA5 files the micro format. That format states no turnover. The gross margin fell from €6,965 in 2018 to -€14,891 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FOLA5
- What is the company number of FOLA5?
- The company number of FOLA5 is 0675.848.488. The VAT number is the same number with BE in front: BE 0675.848.488.
- Where is FOLA5 based?
- The registered office is at Chemin de la Cave 5, 4500 Huy.Company details
- What does FOLA5 do?
- According to the KBO register, the main activity is other specialised design activities (NACE 74140).
- What is the legal form of FOLA5?
- FOLA5 is a private limited company (BV).
- When was FOLA5 founded?
- FOLA5 was founded on 19-05-2017.
- Is FOLA5 still active?
- Yes, FOLA5 is an active enterprise in the KBO register.
- What is the turnover of FOLA5?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FOLA5 profitable?
- In financial year 2025, FOLA5 made a loss of €28,389.
- Where can I find the annual accounts of FOLA5?
- FOLA5 filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FOLA5 due?
- FOLA5 must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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