FOX POWER
ActiveSummary
FOX POWER is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For FOX POWER, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €256k and a net result of €19k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 9863 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: One filing cycle is missing
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 329 days later.
NBB · 7 filingsPosition against the passed deadline
31-03-2025 close31-10-2025 deadline25-09-2026 today
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 05-12-2024, 35 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
35 d late
2023
36 d early
2022
28 d early
2021
25 d early
2020
16 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€256k▲ 8.2%
2023 · €236k
2019: €177klowest in 6 years
2020: €206k▲ +16.8% vs 2019
2021: €222k▲ +7.4% vs 2020
2022: €226k▲ +2.2% vs 2021
2023: €236k▲ +4.4% vs 2022
2024: €256k▲ +8.2% vs 2023highest in 6 years
2019 → 2024
Net result
€19k▲ 97.2%
2023 · €10k
2019: €44khighest in 6 years
2020: €30k▼ -32.8% vs 2019
2021: €15k▼ -48.5% vs 2020
2022: €5k▼ -68.0% vs 2021lowest in 6 years
2023: €10k▲ +102% vs 2022
2024: €19k▲ +97.2% vs 2023
2019 → 2024
Total assets
€624k▲ 0.3%
2023 · €622k
2019: €609klowest in 6 years
2020: €612k▲ +0.5% vs 2019
2021: €645k▲ +5.3% vs 2020highest in 6 years
2022: €633k▼ -1.8% vs 2021
2023: €622k▼ -1.7% vs 2022
2024: €624k▲ +0.3% vs 2023
2019 → 2024
Solvency
41.0%▲ 3.0pp
2023 · 38.0%
2019: 29.0%lowest in 6 years
2020: 33.7%▲ +16.2% vs 2019
2021: 34.4%▲ +2.0% vs 2020
2022: 35.8%▲ +4.1% vs 2021
2023: 38.0%▲ +6.2% vs 2022
2024: 41.0%▲ +7.9% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€206k-€222k▲ 7.4%€226k▲ 2.2%€236k▲ 4.4%€256k▲ 8.2%
2020: €206klowest in 5 years
2021: €222k▲ +7.4% vs 2020
2022: €226k▲ +2.2% vs 2021
2023: €236k▲ +4.4% vs 2022
2024: €256k▲ +8.2% vs 2023highest in 5 years
Operating result€15k-€12k▼ 17.7%€15k▲ 21.3%€20k▲ 36.9%€33k▲ 61.2%
2020: €15k
2021: €12k▼ -17.7% vs 2020lowest in 5 years
2022: €15k▲ +21.3% vs 2021
2023: €20k▲ +36.9% vs 2022
2024: €33k▲ +61.2% vs 2023highest in 5 years
Net result€30k-€15k▼ 48.5%€5k▼ 68.0%€10k▲ 102%€19k▲ 97.2%
2020: €30khighest in 5 years
2021: €15k▼ -48.5% vs 2020
2022: €5k▼ -68.0% vs 2021lowest in 5 years
2023: €10k▲ +102% vs 2022
2024: €19k▲ +97.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 61% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €624k
Fixed assets
€594k =
Current assets
€30k ▲ 7.4%
Equity and liabilities €624k
Equity
€256k ▲ 8.2%
Debt
€368k ▼ 4.5%
Debt's share of the balance-sheet total falls from 62.0% to 59.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.6%▲
2023 · 4.2%
ROA
3.1%▲
2023 · 1.6%
Debt ≤ 1 year
€181k▲
2023 · €154k
Debt > 1 year
€187k▼
2023 · €232k
Income taxes
€5k▲
2023 · €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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€622k€624k▲
Fixed assets21/28€594k€594k=
Financial fixed assets28€594k€594k=
Current assets29/58€28k€30k▲
Amounts receivable within one year40/41€26k€30k▲
Trade receivables40€19k€25k▲
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€3k€548▼
Equity and liabilities
Total equity and liabilities10/49€622k€624k▲
Equity10/15€236k€256k▲
Contributions10/11€30k€30k=
Reserves13€206k€226k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€203k€223k▲
Amounts payable17/49€386k€368k▼
Amounts payable after more than one year17€232k€187k▼
Financial debts170/4€52k€7k▼
Other amounts payable178/9€180k€180k=
Amounts payable within one year42/48€154k€181k▲
Current portion of amounts payable after more than one year42€47k€48k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€58k€79k▲
Taxes450/3€11k€12k▲
Remuneration and social security454/9€48k€67k▲
Other amounts payable47/48€47k€52k▲
Income statement
Code20232024
Other operating charges640/8€460€549▲
Gross operating margin9900€21k€34k▲
Operating profit (loss)9901€20k€33k▲
Financial income75/76B€36-
Recurring financial income75€36-
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€13k€25k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€10k€19k▲
Profit (loss) for the period to be appropriated9905€10k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€19k▲
Transfer to equity691/2€10k€19k▲
To other reserves6921€10k€19k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €459 | €460 | €549 | ▲ 19.6% |
| Gross operating margin9900 | €15k | €13k | €15k | €21k | €34k | ▲ 60.3% |
| Operating profit (loss)9901 | €15k | €12k | €15k | €20k | €33k | ▲ 61.2% |
| Financial income75/76B | - | - | - | €36 | - | - |
| Recurring financial income75 | €25k | €12k | - | €36 | - | - |
| Financial charges65/66B | - | - | €9k | €8k | €8k | ▲ 3.6% |
| Recurring financial charges65 | €9k | €8k | €9k | €8k | €8k | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €31k | €16k | €6k | €13k | €25k | ▲ 97.2% |
| Income taxes67/77 | €1k | €886 | €1k | €3k | €5k | ▲ 97.2% |
| Profit (loss) for the period9904 | €30k | €15k | €5k | €10k | €19k | ▲ 97.2% |
| Profit (loss) for the period to be appropriated9905 | €30k | €15k | €5k | €10k | €19k | ▲ 97.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €612k | €645k | €633k | €622k | €624k | ▲ 0.3% |
| Fixed assets21/28 | €594k | €594k | €594k | €594k | €594k | = |
| Financial fixed assets28 | €594k | €594k | €594k | €594k | €594k | = |
| Current assets29/58 | €18k | €51k | €39k | €28k | €30k | ▲ 7.4% |
| Amounts receivable within one year40/41 | €17k | €50k | €35k | €26k | €30k | ▲ 15.9% |
| Trade receivables40 | - | - | €24k | €19k | €25k | ▲ 32.4% |
| Other amounts receivable41 | - | - | €11k | €7k | €5k | ▼ 29.0% |
| Cash at bank and in hand54/58 | €1k | €887 | €4k | €3k | €548 | ▼ 78.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €612k | €645k | €633k | €622k | €624k | ▲ 0.3% |
| Equity10/15 | €206k | €222k | €226k | €236k | €256k | ▲ 8.2% |
| Contributions10/11 | €30k | - | €30k | €30k | €30k | = |
| Reserves13 | €176k | €192k | €196k | €206k | €226k | ▲ 9.4% |
| Non-distributable reserves130/1 | - | - | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | - | €3k | €3k | €3k | = |
| Distributable reserves133 | - | - | €193k | €203k | €223k | ▲ 9.6% |
| Amounts payable17/49 | €406k | €423k | €407k | €386k | €368k | ▼ 4.5% |
| Amounts payable after more than one year17 | €308k | €319k | €276k | €232k | €187k | ▼ 19.1% |
| Financial debts170/4 | - | - | €96k | €52k | €7k | ▼ 85.6% |
| Other amounts payable178/9 | - | - | €180k | €180k | €180k | = |
| Amounts payable within one year42/48 | €98k | €104k | €131k | €154k | €181k | ▲ 17.5% |
| Current portion of amounts payable after more than one year42 | - | - | €43k | €47k | €48k | ▲ 1.2% |
| Trade debts44 | €492 | €1k | €879 | €1k | €2k | ▲ 77.9% |
| Suppliers440/4 | - | - | €879 | €1k | €2k | ▲ 77.9% |
| Advances received on contracts in progress46 | - | - | €12k | - | - | - |
| Taxes, remuneration and social security45 | - | - | €32k | €58k | €79k | ▲ 36.5% |
| Taxes450/3 | - | - | €7k | €11k | €12k | ▲ 14.4% |
| Remuneration and social security454/9 | - | - | €25k | €48k | €67k | ▲ 41.3% |
| Other amounts payable47/48 | - | - | €43k | €47k | €52k | ▲ 9.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €15k | €5k | €10k | €19k | ▲ 97.2% |
| Operating cash flow (approximation) | €30k | €15k | €5k | €10k | €19k | ▲ 97.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-476 | €3k | €-1k | €-2k | ▼ 35.6% |
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
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €5k ▼68%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €200kEq €206k ▲16.8%
2 profitable years in a row build equity to €206k.
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Ground area
570 m²
Building footprint
199 m²
Volume, LiDAR
1,195 m³
Parcel 34016C0330/00C005, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zeger van Heulestraat(Heu) 87, 8501 Kortrijk
since 20172.261.567.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0330/00C005 | Flanders | 570 m² | 1 · 198 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,681 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 (pre-2019)
Founded31-01-2017
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.