Foxaco
ActiveSummary
Foxaco has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31.13M and a net result of €1.47M. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 15.06 against 16.61 in 2024; short-term debt: 0.7% and cash: 0.8% of total assets), and 3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97%
Return on assets
4.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
10 d early
2023
27 d early
2022
32 d early
2021
23 d early
2020
38 d early
2019
8 d early
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.47M▼ 34.0%
2024 · €2.22M
2018: €1.41M
2019: €1.64M▲ +16.5% vs 2018
2020: €2.69M▲ +63.6% vs 2019highest in 8 years
2021: €260k▼ -90.3% vs 2020lowest in 8 years
2022: €1.65M▲ +533% vs 2021
2023: €2.47M▲ +50.0% vs 2022
2024: €2.22M▼ -9.9% vs 2023
2025: €1.47M▼ -34.0% vs 2024
2018 → 2025
Working capital
€3.19M▼ 13.5%
2024 · €3.69M
2018: €1.68M
2019: €4.15M▲ +148% vs 2018highest in 8 years
2020: €3.90M▼ -6.2% vs 2019
2021: €-5.80M▼ -249% vs 2020lowest in 8 years
2022: €-3.44M▲ +40.7% vs 2021
2023: €21k▲ +101% vs 2022
2024: €3.69M▲ +17532% vs 2023
2025: €3.19M▼ -13.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23.32M-€24.96M▲ 7.1%€27.43M▲ 9.9%€29.66M▲ 8.1%€31.13M▲ 5.0%
2021: €23.32Mlowest in 5 years
2022: €24.96M▲ +7.1% vs 2021
2023: €27.43M▲ +9.9% vs 2022
2024: €29.66M▲ +8.1% vs 2023
2025: €31.13M▲ +5.0% vs 2024highest in 5 years
Operating result€344k-€2.22M▲ 545%€3.43M▲ 54.4%€2.95M▼ 14.0%€1.92M▼ 34.7%
2021: €344klowest in 5 years
2022: €2.22M▲ +545% vs 2021
2023: €3.43M▲ +54.4% vs 2022highest in 5 years
2024: €2.95M▼ -14.0% vs 2023
2025: €1.92M▼ -34.7% vs 2024
Net result€260k-€1.65M▲ 533%€2.47M▲ 50.0%€2.22M▼ 9.9%€1.47M▼ 34.0%
2021: €260klowest in 5 years
2022: €1.65M▲ +533% vs 2021
2023: €2.47M▲ +50.0% vs 2022highest in 5 years
2024: €2.22M▼ -9.9% vs 2023
2025: €1.47M▼ -34.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.08M
Fixed assets
€28.66M ▲ 7.1%
Current assets
€3.42M ▼ 12.9%
Equity and liabilities €32.08M
Equity
€31.13M ▲ 5.0%
Provisions
€323k ▼ 6.4%
Debt
€633k ▼ 8.9%
Debt's share of the balance-sheet total falls from 2.3% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.22M▼
2024 · €4.81M
Cash flow
€3.77M▼
2024 · €4.09M
Current ratio
15.06▼
2024 · 16.61
Debt to equity
0.02▼
2024 · 0.02
ROE
4.7%▼
2024 · 7.5%
ROA
4.6%▼
2024 · 7.2%
Interest coverage
626.42▲
2024 · 153.00
Debt ≤ 1 year
€227k▼
2024 · €237k
Debt > 1 year
€357k▼
2024 · €403k
Income taxes
€546k▼
2024 · €771k
Staff costs
€86k▲
2024 · €84k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30.70M€32.08M▲
Fixed assets21/28€26.77M€28.66M▲
Tangible fixed assets22/27€26.77M€28.66M▲
Land and buildings22€26.04M€27.94M▲
Plant, machinery and equipment23€686k€612k▼
Furniture and vehicles24€40k€104k▲
Current assets29/58€3.93M€3.42M▼
Amounts receivable within one year40/41€31k€106k▲
Trade receivables40€8k€8k▼
Other amounts receivable41€23k€98k▲
Current investments50/53€1.85M€3.00M▲
Cash at bank and in hand54/58€2.00M€261k▼
Deferred charges and accrued income490/1€53k€55k▲
Equity and liabilities
Total equity and liabilities10/49€30.70M€32.08M▲
Equity10/15€29.66M€31.13M▲
Contributions10/11€595k€595k=
Capital10€595k€595k=
Issued capital100€595k€595k=
Reserves13€8.97M€9.10M▲
Non-distributable reserves130/1€59k€59k=
Legal reserve130€59k€59k=
Tax-exempt reserves132€1.04M€970k▼
Distributable reserves133€7.87M€8.07M▲
Profit (loss) carried forward14€20.09M€21.43M▲
Provisions and deferred taxes16€346k€323k▼
Deferred taxes168€346k€323k▼
Amounts payable17/49€695k€633k▼
Amounts payable after more than one year17€403k€357k▼
Other amounts payable178/9€403k€357k▼
Amounts payable within one year42/48€237k€227k▼
Trade debts44€125k€114k▼
Suppliers440/4€125k€114k▼
Taxes, remuneration and social security45€15k€22k▲
Taxes450/3-€4k
Remuneration and social security454/9€15k€18k▲
Other amounts payable47/48€97k€91k▼
Accrued charges and deferred income492/3€55k€48k▼
Income statement
Code20242025
Remuneration, social security and pensions62€84k€86k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.86M€2.30M▲
Other operating charges640/8€1.00M€1.04M▲
Gross operating margin9900€5.90M€5.35M▼
Operating profit (loss)9901€2.95M€1.92M▼
Financial income75/76B€58k€76k▲
Recurring financial income75€58k€76k▲
Financial charges65/66B€31k€7k▼
Recurring financial charges65€31k€7k▼
Profit (loss) for the period before taxes9903€2.97M€1.99M▼
Transfer from deferred taxes780€22k€22k=
Income taxes67/77€771k€546k▼
Profit (loss) for the period9904€2.22M€1.47M▼
Transfer from tax-exempt reserves789€67k€67k=
Profit (loss) for the period to be appropriated9905€2.29M€1.54M▼
Appropriation of the result
Profit (loss) to be appropriated9906€20.09M€21.63M▲
Profit (loss) brought forward from the previous period14P€17.80M€20.09M▲
Transfer to equity691/2-€200k
To other reserves6921-€200k
Social balance
Average headcount (FTE)90871.51.2▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €74k | €76k | €82k | €84k | €86k | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.73M | €1.88M | €1.94M | €1.86M | €2.30M | ▲ 23.5% |
| Other operating charges640/8 | €801k | €902k | €961k | €1.00M | €1.04M | ▲ 3.9% |
| Gross operating margin9900 | €3.95M | €5.08M | €6.41M | €5.90M | €5.35M | ▼ 9.2% |
| Operating profit (loss)9901 | €344k | €2.22M | €3.43M | €2.95M | €1.92M | ▼ 34.7% |
| Financial income75/76B | €8k | €2k | €5k | €58k | €76k | ▲ 31.9% |
| Recurring financial income75 | €8k | €2k | €5k | €58k | €76k | ▲ 31.9% |
| Financial charges65/66B | €2k | €2k | €104k | €31k | €7k | ▼ 78.5% |
| Recurring financial charges65 | €2k | €2k | €104k | €31k | €7k | ▼ 78.5% |
| Profit (loss) for the period before taxes9903 | €350k | €2.22M | €3.33M | €2.97M | €1.99M | ▼ 33.0% |
| Transfer from deferred taxes780 | €22k | €22k | €22k | €22k | €22k | = |
| Income taxes67/77 | €113k | €598k | €882k | €771k | €546k | ▼ 29.2% |
| Profit (loss) for the period9904 | €260k | €1.65M | €2.47M | €2.22M | €1.47M | ▼ 34.0% |
| Transfer from tax-exempt reserves789 | €67k | €67k | €67k | €67k | €67k | = |
| Profit (loss) for the period to be appropriated9905 | €326k | €1.71M | €2.54M | €2.29M | €1.54M | ▼ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30.23M | €29.30M | €29.80M | €30.70M | €32.08M | ▲ 4.5% |
| Fixed assets21/28 | €29.72M | €29.12M | €28.14M | €26.77M | €28.66M | ▲ 7.1% |
| Tangible fixed assets22/27 | €29.72M | €29.12M | €28.14M | €26.77M | €28.66M | ▲ 7.1% |
| Land and buildings22 | €28.73M | €28.13M | €27.31M | €26.04M | €27.94M | ▲ 7.3% |
| Plant, machinery and equipment23 | €979k | €955k | €774k | €686k | €612k | ▼ 10.8% |
| Furniture and vehicles24 | €8k | €36k | €57k | €40k | €104k | ▲ 158% |
| Current assets29/58 | €511k | €176k | €1.66M | €3.93M | €3.42M | ▼ 12.9% |
| Amounts receivable within one year40/41 | €74k | €5k | €5k | €31k | €106k | ▲ 238% |
| Trade receivables40 | €2k | €5k | €5k | €8k | €8k | ▼ 8.8% |
| Other amounts receivable41 | €73k | - | - | €23k | €98k | ▲ 328% |
| Current investments50/53 | - | - | €1.00M | €1.85M | €3.00M | ▲ 62.2% |
| Cash at bank and in hand54/58 | €394k | €119k | €536k | €2.00M | €261k | ▼ 86.9% |
| Deferred charges and accrued income490/1 | €42k | €53k | €117k | €53k | €55k | ▲ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30.23M | €29.30M | €29.80M | €30.70M | €32.08M | ▲ 4.5% |
| Equity10/15 | €23.32M | €24.96M | €27.43M | €29.66M | €31.13M | ▲ 5.0% |
| Contributions10/11 | €595k | €595k | €595k | €595k | €595k | = |
| Capital10 | €595k | €595k | €595k | €595k | €595k | = |
| Issued capital100 | €595k | €595k | €595k | €595k | €595k | = |
| Reserves13 | €9.17M | €9.10M | €9.04M | €8.97M | €9.10M | ▲ 1.5% |
| Non-distributable reserves130/1 | €59k | €59k | €59k | €59k | €59k | = |
| Legal reserve130 | €59k | €59k | €59k | €59k | €59k | = |
| Tax-exempt reserves132 | €1.24M | €1.17M | €1.10M | €1.04M | €970k | ▼ 6.4% |
| Distributable reserves133 | €7.87M | €7.87M | €7.87M | €7.87M | €8.07M | ▲ 2.5% |
| Profit (loss) carried forward14 | €13.55M | €15.27M | €17.80M | €20.09M | €21.43M | ▲ 6.6% |
| Provisions and deferred taxes16 | €412k | €390k | €368k | €346k | €323k | ▼ 6.4% |
| Deferred taxes168 | €412k | €390k | €368k | €346k | €323k | ▼ 6.4% |
| Amounts payable17/49 | €6.50M | €3.95M | €2.00M | €695k | €633k | ▼ 8.9% |
| Amounts payable after more than one year17 | €187k | €313k | €320k | €403k | €357k | ▼ 11.3% |
| Other amounts payable178/9 | €187k | €313k | €320k | €403k | €357k | ▼ 11.3% |
| Amounts payable within one year42/48 | €6.31M | €3.62M | €1.64M | €237k | €227k | ▼ 4.0% |
| Trade debts44 | €385k | €227k | €94k | €125k | €114k | ▼ 8.8% |
| Suppliers440/4 | €385k | €227k | €94k | €125k | €114k | ▼ 8.8% |
| Taxes, remuneration and social security45 | €18k | €304k | €606k | €15k | €22k | ▲ 44.7% |
| Taxes450/3 | €2k | €295k | €596k | - | €4k | - |
| Remuneration and social security454/9 | €16k | €9k | €10k | €15k | €18k | ▲ 20.7% |
| Other amounts payable47/48 | €5.91M | €3.09M | €937k | €97k | €91k | ▼ 5.5% |
| Accrued charges and deferred income492/3 | - | €17k | €40k | €55k | €48k | ▼ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €260k | €1.65M | €2.47M | €2.22M | €1.47M | ▼ 34.0% |
| + Depreciation and write-downs630 | €2.73M | €1.88M | €1.94M | €1.86M | €2.30M | ▲ 23.5% |
| Operating cash flow (approximation) | €2.99M | €3.53M | €4.41M | €4.09M | €3.77M | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | €-1.29M | €-953k | €-492k | €-4.20M | ▼ 752% |
| Change in cash | - | €-276k | €418k | €1.46M | €-1.73M | ▼ 219% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 16current ratio 16.61
Current ratio from 1.01 to 16.61; short-term debt falls from €1.64M to €237k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 21current ratio 1.01
Current ratio from 0.05 to 1.01; short-term debt falls from €3.62M to €1.64M.
31-12
Financial
Equity above €25MEq €27.43M ▲9.9%
6 profitable years in a row build equity to €27.43M.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €260k ▼90.3%
Net result drops to €260k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €2.69M ▲63.6%
Operating result €3.58M, net result €2.69M, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 10.88
Current ratio from 5.42 to 10.88.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Ukkel · 1 establishment unit since 1976
Ground area
1,192 m²
Building footprint
204 m²
Volume, LiDAR
1,065 m³
Parcel 21612D0527/02A023, Brussels · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
de Foestraetslaan 21D, 1180 Ukkel
since 19762.012.975.276
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0527/02A023 | Brussels | 1,192 m² | 1 · 204 m² | 7.4 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 12,041 companies in sector 68203 we hold annual accounts for 5,989. 859 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-11-1976
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.