FOLONIA
ActiveSummary
FOLONIA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €-13k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+54
Solvency50▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.5 in 2024; short-term debt: 74.3% and cash: 10.7% of total assets), and 74.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
28 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€197k▼ 6.4%
2024 · €210k
2018: €342khighest in 8 years
2019: €335k▼ -2.3% vs 2018
2020: €315k▼ -5.8% vs 2019
2021: €294k▼ -6.7% vs 2020
2022: €240k▼ -18.4% vs 2021
2023: €246k▲ +2.5% vs 2022
2024: €210k▼ -14.6% vs 2023
2025: €197k▼ -6.4% vs 2024lowest in 8 years
2018 → 2025
Total assets
€773k▼ 2.2%
2024 · €791k
2018: €852khighest in 8 years
2019: €837k▼ -1.8% vs 2018
2020: €826k▼ -1.3% vs 2019
2021: €797k▼ -3.5% vs 2020
2022: €834k▲ +4.7% vs 2021
2023: €839k▲ +0.5% vs 2022
2024: €791k▼ -5.7% vs 2023
2025: €773k▼ -2.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-13k▲ 62.8%
2024 · €-36k
2018: €-46k
2019: €-8k▲ +82.6% vs 2018
2020: €-19k▼ -142% vs 2019
2021: €-21k▼ -9.1% vs 2020
2022: €-54k▼ -157% vs 2021lowest in 8 years
2023: €6k▲ +111% vs 2022highest in 8 years
2024: €-36k▼ -691% vs 2023
2025: €-13k▲ +62.8% vs 2024
2018 → 2025
Working capital
€-259k▲ 10.8%
2024 · €-291k
2018: €-188k
2019: €-178k▲ +5.1% vs 2018
2020: €-173k▲ +3.1% vs 2019
2021: €-170k▲ +1.9% vs 2020highest in 8 years
2022: €-292k▼ -72.0% vs 2021lowest in 8 years
2023: €-267k▲ +8.3% vs 2022
2024: €-291k▼ -8.9% vs 2023
2025: €-259k▲ +10.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€294k-€240k▼ 18.4%€246k▲ 2.5%€210k▼ 14.6%€197k▼ 6.4%
2021: €294khighest in 5 years
2022: €240k▼ -18.4% vs 2021
2023: €246k▲ +2.5% vs 2022
2024: €210k▼ -14.6% vs 2023
2025: €197k▼ -6.4% vs 2024lowest in 5 years
Operating result€-36k-€-28k▲ 22.8%€-7k▲ 74.4%€-51k▼ 621%€-20k▲ 61.5%
2021: €-36k
2022: €-28k▲ +22.8% vs 2021
2023: €-7k▲ +74.4% vs 2022highest in 5 years
2024: €-51k▼ -621% vs 2023lowest in 5 years
2025: €-20k▲ +61.5% vs 2024
Net result€-21k-€-54k▼ 157%€6k€-36k€-13k▲ 62.8%
2021: €-21k
2022: €-54k▼ -157% vs 2021lowest in 5 years
2023: €6k▲ +111% vs 2022highest in 5 years
2024: €-36k▼ -691% vs 2023
2025: €-13k▲ +62.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €51k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773k
Fixed assets
€458k ▼ 8.9%
Current assets
€315k ▲ 9.6%
Equity and liabilities €773k
Equity
€197k ▼ 6.4%
Debt
€576k ▼ 0.7%
Debt's share of the balance-sheet total rises from 73.4% to 74.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▲
2024 · €-24k
Cash flow
€15k▲
2024 · €-8k
Current ratio
0.55▲
2024 · 0.50
Debt to equity
2.93▲
2024 · 2.76
ROE
-6.8%▲
2024 · -17.1%
ROA
-1.7%▲
2024 · -4.5%
Interest coverage
24.02▲
2024 · -101.83
Debt ≤ 1 year
€575k▼
2024 · €579k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€791k€773k▼
Fixed assets21/28€503k€458k▼
Tangible fixed assets22/27€503k€458k▼
Land and buildings22€366k€326k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24-€109k
Leasing and similar rights25€110k-
Other tangible fixed assets26€23k€20k▼
Current assets29/58€288k€315k▲
Amounts receivable within one year40/41€16k€15k▼
Trade receivables40-€4k
Other amounts receivable41€16k€11k▼
Current investments50/53€212k€213k▲
Cash at bank and in hand54/58€55k€83k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€791k€773k▼
Equity10/15€210k€197k▼
Contributions10/11€469k€469k=
Reserves13€443€443=
Tax-exempt reserves132€133€133=
Distributable reserves133€310€310=
Profit (loss) carried forward14€-259k€-272k▼
Amounts payable17/49€580k€576k▼
Amounts payable within one year42/48€579k€575k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€779-
Taxes450/3€779-
Other amounts payable47/48€575k€571k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€2k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€-13k€21k▲
Operating profit (loss)9901€-51k€-20k▲
Financial income75/76B€16k€7k▼
Recurring financial income75€16k€7k▼
Financial charges65/66B€232€352▲
Recurring financial charges65€232€352▲
Profit (loss) for the period before taxes9903€-36k€-13k▲
Income taxes67/77€216-
Profit (loss) for the period9904€-36k€-13k▲
Profit (loss) for the period to be appropriated9905€-36k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-259k€-272k▼
Profit (loss) brought forward from the previous period14P€-223k€-259k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €38k | €2k | €42k | ▲ 2,002% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €18k | €24k | €28k | €28k | ▲ 2.3% |
| Other operating charges640/8 | €3k | €3k | €4k | €10k | €12k | ▲ 18.7% |
| Gross operating margin9900 | €-8k | €-6k | €21k | €-13k | €21k | ▲ 256% |
| Operating profit (loss)9901 | €-36k | €-28k | €-7k | €-51k | €-20k | ▲ 61.5% |
| Financial income75/76B | €15k | €0 | €14k | €16k | €7k | ▼ 57.4% |
| Recurring financial income75 | €15k | €0 | €14k | €16k | €7k | ▼ 57.4% |
| Financial charges65/66B | €266 | €26k | €278 | €232 | €352 | ▲ 51.3% |
| Recurring financial charges65 | €266 | €26k | €278 | €232 | €352 | ▲ 51.3% |
| Profit (loss) for the period before taxes9903 | €-21k | €-54k | €6k | €-36k | €-13k | ▲ 62.6% |
| Income taxes67/77 | €293 | €234 | €305 | €216 | - | - |
| Profit (loss) for the period9904 | €-21k | €-54k | €6k | €-36k | €-13k | ▲ 62.8% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-54k | €6k | €-36k | €-13k | ▲ 62.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €797k | €834k | €839k | €791k | €773k | ▼ 2.2% |
| Fixed assets21/28 | €468k | €535k | €517k | €503k | €458k | ▼ 8.9% |
| Tangible fixed assets22/27 | €468k | €535k | €517k | €503k | €458k | ▼ 8.9% |
| Land and buildings22 | €429k | €418k | €376k | €366k | €326k | ▼ 10.9% |
| Plant, machinery and equipment23 | €7k | €5k | €5k | €4k | €3k | ▼ 31.7% |
| Furniture and vehicles24 | - | - | - | - | €109k | - |
| Leasing and similar rights25 | - | €83k | €110k | €110k | - | - |
| Other tangible fixed assets26 | €32k | €29k | €26k | €23k | €20k | ▼ 12.3% |
| Current assets29/58 | €329k | €299k | €322k | €288k | €315k | ▲ 9.6% |
| Stocks and contracts in progress3 | €40k | - | - | - | - | - |
| Stocks30/36 | €40k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €120 | €7k | €19k | €16k | €15k | ▼ 8.0% |
| Trade receivables40 | - | - | €2k | - | €4k | - |
| Other amounts receivable41 | €120 | €7k | €17k | €16k | €11k | ▼ 30.5% |
| Current investments50/53 | €212k | €186k | €200k | €212k | €213k | ▲ 0.7% |
| Cash at bank and in hand54/58 | €75k | €99k | €97k | €55k | €83k | ▲ 50.1% |
| Deferred charges and accrued income490/1 | €1k | €6k | €5k | €5k | €5k | ▼ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €797k | €834k | €839k | €791k | €773k | ▼ 2.2% |
| Equity10/15 | €294k | €240k | €246k | €210k | €197k | ▼ 6.4% |
| Contributions10/11 | €469k | €469k | €469k | €469k | €469k | = |
| Reserves13 | €443 | €443 | €443 | €443 | €443 | = |
| Non-distributable reserves130/1 | €310 | €310 | - | - | - | - |
| Reserves not available under the articles1311 | €310 | €310 | - | - | - | - |
| Tax-exempt reserves132 | €133 | €133 | €133 | €133 | €133 | = |
| Distributable reserves133 | - | - | €310 | €310 | €310 | = |
| Profit (loss) carried forward14 | €-175k | €-229k | €-223k | €-259k | €-272k | ▼ 5.2% |
| Amounts payable17/49 | €503k | €594k | €592k | €580k | €576k | ▼ 0.7% |
| Amounts payable within one year42/48 | €498k | €591k | €589k | €579k | €575k | ▼ 0.6% |
| Trade debts44 | €2k | €3k | €11k | €3k | €4k | ▲ 26.0% |
| Suppliers440/4 | €2k | €3k | €11k | €3k | €4k | ▲ 26.0% |
| Taxes, remuneration and social security45 | €614 | €12k | €516 | €779 | - | - |
| Taxes450/3 | €614 | €12k | €516 | €779 | - | - |
| Other amounts payable47/48 | €495k | €575k | €578k | €575k | €571k | ▼ 0.6% |
| Accrued charges and deferred income492/3 | €5k | €3k | €3k | €2k | €1k | ▼ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-54k | €6k | €-36k | €-13k | ▲ 62.8% |
| + Depreciation and write-downs630 | €24k | €18k | €24k | €28k | €28k | ▲ 2.3% |
| Operating cash flow (approximation) | €3k | €-36k | €30k | €-8k | €15k | ▲ 276% |
| Investment in fixed assets (approximation) | - | €-85k | €-5k | €-14k | €17k | ▲ 222% |
| Change in cash | - | €24k | €-2k | €-42k | €28k | ▲ 166% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after 5 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Oostende · 1 establishment unit since 1993
Ground area
3,684 m²
Building footprint
976 m²
Volume, LiDAR
4,655 m³
2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
P.P.L. BVBA
since 19932.064.693.696
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0031/00X002 | Flanders | 2,043 m² | 1 · 656 m² | 8.1 m · 1 fl. |
| 35383C0370/00P005 | Flanders | 1,641 m² | 1 · 320 m² | 11.9 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
967600ZR32FHKGWTDW70
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.