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Complete company report
Generated 18-08-2026
Active BE 0441.273.685Public limited company

FOLLON ET CIE

Rue du Manège 14 ·4800 Verviers, Belgium· 36 yrs active
Sector: Ontwikkeling van residentiële bouwprojecten (68121)
Conclusion Checked

The computed 12-month bankruptcy probability of FOLLON ET CIE is 0.5% (low). The 2022 annual accounts show negative equity (€-56k) and a net result of €-30k. Equity is shrinking by ~133.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 560 sector peers (fiscal year 2022). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €-56k
Net result €-30k
Better than sector 15%
Active 36 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health15Profitability100Solvency43Growth58Stability100
63 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 15
Profitability 100
Solvency 43
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1990, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
15 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 28-02-2023 with the NBB · fiscal year 2022 · volledig
€-60k€-40k€-20k€0Operating result 2019: €2k€2kNet result 2019: €-47k€-47kOperating result 2020: €-5k€-5kNet result 2020: €-54k€-54kOperating result 2021: €-20k€-20kNet result 2021: €-33k€-33kOperating result 2022: €-12k€-12kNet result 2022: €-30k€-30k2019202020212022
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~133.4%/year over 4 fiscal years, indicative, assuming unchanged policy.
€-200k€-150k€-100k€-50k€02023: €-81k (€-90k - €-72k)2024: €-108k (€-122k - €-94k)2025: €-135k (€-154k - €-116k)2019: €15k2020: €8k2021: €-26k2022: €-56k2019202020212022202320242025
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2022 · NACE 68, Real estate activities · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -4.6% 18.5%
better than 15% of 560 sector peers
Net result €-30k €-711
better than 28% of 558 sector peers
Equity €-56k €129k
better than 14% of 560 sector peers
Gross operating margin €-11k €39k
better than 14% of 421 sector peers
Total assets €1.20M €1.53M
better than 44% of 560 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-12k
+39.1% 19-22
Net profit
€-30k
+9.0% 19-22
Cash flow
€-29k
+9.2% 19-22
Total assets
€1.20M
+0.8% 19-22
Equity
€-56k
-118.3% 19-22
Working capital
€-67k
-78.1% 19-22
Income taxes
€0
- 19-22
Debt
€1.26M
+3.2% 19-22
Show 8 other metrics
Debt ≤ 1y
€1.26M
+3.2% 19-22
Current ratio
0.95
-2.3% 19-22
Quick ratio
0.00
-13.5% 19-22
Solvency
-4.6%
-116.7% 19-22
Debt / equity
-22.51
+52.7% 19-22
ROE
54.2%
-58.3% 19-22
ROA
-2.5%
+9.7% 19-22
Interest coverage
-0.65
+54.4% 19-22
Figures by fiscal year
Fiscal year2022
Depositvolledig
Revenue-
EBITDA€-12k
Net profit€-30k
Cash flow€-29k
Staff costs-
Income taxes-
Dividends-
Total assets€1.20M
Equity€-56k
Debt€1.26M
of which ≤ 1y€1.26M
of which > 1y-
Working capital€-67k
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.95
Quick ratio0.00
Working capital ratio-5.6%
Solvency-4.6%
Debt / equity-22.51
Long-term debt ratio-
Interest coverage-0.65
Gross margin-
Net margin-
ROA-2.5%
ROE54.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€1.20M
Fixed assets 21/28€12k
Tangible fixed assets 22/27€12k
Current assets 29/58€1.19M
Stocks & contracts in progress 3€1.18M
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.20M
Equity 10/15€-56k
Contributions / capital 10/11€62k
Reserves 13€74
Accumulated profits (losses) 14€-118k
Amounts payable 17/49€1.26M
Amounts payable within one year 42/48€1.26M
Trade debts payable within one year 44€59k
Income statement
Gross operating margin 9900€-11k
Operating result 9901€-12k
Financial income 75€0
Financial charges 65€18k
Result before taxes 9903€-30k
Net result for the period 9904€-30k
Result to be appropriated 9905€-30k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • LSG ManagementLegal entity
    Director· perm. rep.: Laurence Beckers
    State Gazette act 24018619 (30-01-2024)
    Current
    19-01-2024 → present
    2 events
    • 19-01-2024 Resigned· Managing director
    • 19-01-2024 Appointed· Director
Former directors (2)
  • Laurence Beckers
    Director
    State Gazette act 24018619 (30-01-2024)
    Former
    - → 19-01-2024
  • Serge Coppens
    Director
    State Gazette act 24018619 (30-01-2024)
    Former
    - → 19-01-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Ontwikkeling van residentiële bouwprojecten(68121)
Legal form Public limited company(014)
Incorporation28-06-1990
StatusActive
Postal code4800
Establishment units 1 location
Grand'Route 132, 4360 Oreye
Productie van legeringen van edele metalen
since 19912.051.708.960
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63079A0697/00S003
ProtectedMonument
 Wallonia 1,947 m² 1 · 154 m² 16.7 m · 5 fl.
64444A0201/00Y002 Wallonia 492 m² 1 · 114 m² 11.7 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
30-01-2024
State Gazette act Director changes
2023
28-02-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
19-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
29-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2019
13-12-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
03-12-2018
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
24-11-2017
NBB filing Annual accounts filed
fiscal year 2017 · micro
2016
28-11-2016
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2015
10-12-2015
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2014
15-12-2014
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2013
17-12-2013
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
30-01-2024 2 directors appointed, 3 resigning Director changes
  • LSG Management, Bestuurder
  • Laurence Beckers, Bestuurder
  • Laurence Beckers, Bestuurder
  • Serge Coppens, Bestuurder
  • LSG Management, Gedelegeerd bestuurder
Technical details 
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300
Primary activity highlighted.
Names & trade names
Legal nameFR FOLLON ET CIE
Registered office
Rue du Manège 14
4800 Verviers, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative