FOLEA
ActiveSummary
FOLEA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €-2k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 33% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-18
Solvency49▼-30
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 3.4 in 2024; short-term debt: 68.6% and cash: 23.5% of total assets), and 76% of the assets are financed with debt.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 23-04-2026, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
7 d early
2024
27 d early
2023
on the day
2022
2 d early
2021
4 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€963k▲ 123%
2024 · €432k
2018: €213k
2019: €276k
2020: €553k
2021: €442k
2022: €562k
2023: €671k
2024: €432k
2018 → 2025
Net result
€-2k
2024 · €10k
2018: €-2k
2019: €38k
2020: €72k
2021: €9k
2022: €16k
2023: €66k
2024: €10k
2018 → 2025
Working capital
€274k▼ 0.6%
2024 · €276k
2018: €-50k
2019: €-12k
2020: €129k
2021: €117k
2022: €142k
2023: €186k
2024: €276k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€157k▲ 11.2%€223k▲ 42.0%€233k▲ 4.3%€231k▼ 0.8%
Operating result€16k-€25k▲ 55.5%€92k▲ 273%€16k▼ 83.0%€2k▼ 88.8%
Net result€9k-€16k▲ 85.5%€66k▲ 316%€10k▼ 85.6%€-2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €963k
Fixed assets
€28k ▼ 32.2%
Current assets
€935k ▲ 139%
Equity and liabilities €963k
Equity
€231k ▼ 0.8%
Debt
€732k ▲ 267%
Debt's share of the balance-sheet total rises from 46.1% to 76.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €29k
Cash flow
€12k▼
2024 · €23k
Current ratio
1.41▼
2024 · 3.40
Debt to equity
3.17▲
2024 · 0.86
ROE
-0.8%▼
2024 · 4.1%
ROA
-0.2%▼
2024 · 2.2%
Interest coverage
4.24▼
2024 · 11.13
Debt ≤ 1 year
€661k▲
2024 · €115k
Debt > 1 year
€71k▼
2024 · €84k
Income taxes
€0▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€432k€963k▲
Fixed assets21/28€42k€28k▼
Intangible fixed assets21€42k€28k▼
Current assets29/58€391k€935k▲
Amounts receivable within one year40/41€308k€708k▲
Trade receivables40€260k€706k▲
Other amounts receivable41€48k€3k▼
Cash at bank and in hand54/58€83k€226k▲
Equity and liabilities
Total equity and liabilities10/49€432k€963k▲
Equity10/15€233k€231k▼
Contributions10/11€24k€24k=
Reserves13€209k€207k▼
Distributable reserves133€209k€207k▼
Amounts payable17/49€199k€732k▲
Amounts payable after more than one year17€84k€71k▼
Financial debts170/4€84k€71k▼
Amounts payable within one year42/48€115k€661k▲
Current portion of amounts payable after more than one year42€30k€13k▼
Trade debts44€82k€647k▲
Suppliers440/4€82k€647k▲
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Accrued charges and deferred income492/3€513€528▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€563€528▼
Gross operating margin9900€30k€16k▼
Operating profit (loss)9901€16k€2k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€13k€-2k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€10k€-2k▼
Profit (loss) for the period to be appropriated9905€10k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-2k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€10k€0▼
To other reserves6921€10k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-2k ▼119%
Net result drops to €-2k, the lowest in the series.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity doublescurrent ratio 3.40
Current ratio from 1.43 to 3.40; short-term debt falls from €431k to €115k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €200kEq €223k ▲42%
5 profitable years in a row build equity to €223k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €150kEq €157k ▲11.2%
4 profitable years in a row build equity to €157k.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €72k ▲87.2%
Operating result €92k, net result €72k, both a record.
30-09
Financial
Equity above €100kEq €133k ▲118%
2 profitable years in a row build equity to €133k.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lindenlaan(Kor) 148500 KortrijkGround area
1,281 m²
Building footprint
233 m²
Volume, LiDAR
1,757 m³
Parcel 34354C0128/00C000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FOLEA
since 20172.270.015.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0128/00C000 | Flanders | 1,281 m² | 1 · 233 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,713 companies in sector 73200 we hold annual accounts for 1,783. 1,338 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2017
Fiscal year end30-09
Activities, NACEBEL 2025
73200Market research and public opinion polling
63100Computing infrastructure, data processing, hosting and related activities
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.