FPE
ActiveSummary
FPE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163,519 and a net result of €48,140. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 47% of 1535 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+32
Solvency53▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.5 in 2024; short-term debt: 63.4% and cash: 18.5% of total assets), and 72.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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
27.8%
Return on assets
8.2%
Age of the figures
12 mo
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 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
145 d late
2023
1 d early
2022
4 d late
2021
2 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
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. Usually files around 2 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€163,519▲ 41.7%
2024 · €115,379
Total assets
€588,473▲ 62.8%
2024 · €361,386
Net result
€48,140▲ 486%
2024 · €8,217
Working capital
€142,035▲ 55.0%
2024 · €91,622
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,990▲ 50.4%€20,149▼ 35.0%€54,781▲ 172%€16,989▼ 69.0%€66,153▲ 289%
Net result€23,467within the sector's middle half▲ 41.6%€15,273within the sector's middle half▼ 34.9%€38,504above the sector's middle half▲ 152%€8,217within the sector's middle half▼ 78.7%€48,140above the sector's middle half▲ 486%
Equity€58,527within the sector's middle half▲ 66.9%€73,800within the sector's middle half▲ 26.1%€107,162within the sector's middle half▲ 45.2%€115,379within the sector's middle half▲ 7.7%€163,519within the sector's middle half▲ 41.7%
Total assets€109,500within the sector's middle half▲ 26.6%€96,386within the sector's middle half▼ 12.0%€185,856within the sector's middle half▲ 92.8%€361,386within the sector's middle half▲ 94.4%€588,473above the sector's middle half▲ 62.8%
Debt€50,973▼ 0.9%€22,586▼ 55.7%€78,694▲ 248%€246,007▲ 213%€424,954▲ 72.7%
Working capital€35,595within the sector's middle half▲ 73.2%€36,063within the sector's middle half▲ 1.3%€60,446within the sector's middle half▲ 67.6%€91,622above the sector's middle half▲ 51.6%€142,035above the sector's middle half▲ 55.0%
Solvency53.4%within the sector's middle half▲ 12.9pp76.6%above the sector's middle half▲ 23.1pp57.7%within the sector's middle half▼ 18.9pp31.9%within the sector's middle half▼ 25.7pp27.8%within the sector's middle half▼ 4.1pp
Current ratio1.81within the sector's middle half▲ 0.202.74above the sector's middle half▲ 0.931.92within the sector's middle half▼ 0.831.50within the sector's middle half▼ 0.421.38within the sector's middle half▼ 0.12
Return on assets (ROA)21.4%above the sector's middle half▲ 2.3pp15.8%above the sector's middle half▼ 5.6pp20.7%above the sector's middle half▲ 4.9pp2.3%within the sector's middle half▼ 18.4pp8.2%within the sector's middle half▲ 5.9pp
Staff (FTE)0.81▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 289% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €588,473
Fixed assets
€73,217 ▼ 14.0%
Current assets
€515,256 ▲ 86.5%
Equity and liabilities €588,473
Equity
€163,519 ▲ 41.7%
Debt
€424,954 ▲ 72.7%
Debt's share of the balance-sheet total rises from 68.1% to 72.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,852▲
2024 · €27,882
Cash flow
€60,839▲
2024 · €19,111
Quick ratio
0.77▲
2024 · 0.58
Debt to equity
2.60▲
2024 · 2.13
ROE
29.4%▲
2024 · 7.1%
Interest coverage
9.17▲
2024 · 3.05
Debt ≤ 1 year
€373,221▲
2024 · €184,672
Debt > 1 year
€50,375▼
2024 · €61,335
Income taxes
€11,762▲
2024 · €2,181
Staff costs
€34,132▲
2024 · €26,120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €26,120 | €34,132 | ▲ 30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,629 | €5,122 | €5,948 | €10,894 | €12,699 | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,304 | €0 | - | €2,568 | €0 | ▼ 100% |
| Other operating charges640/8 | €3,068 | €2,485 | €2,480 | €987 | €5,289 | ▲ 436% |
| Non-recurring operating charges66A | €0 | - | €35,329 | €0 | - | - |
| Gross operating margin9900 | €39,992 | €27,756 | €98,538 | €57,557 | €118,274 | ▲ 105% |
| Operating profit (loss)9901 | €30,990 | €20,149 | €54,781 | €16,989 | €66,153 | ▲ 289% |
| Financial income75/76B | €38 | €1,157 | €75 | €2,555 | €2,349 | ▼ 8.1% |
| Recurring financial income75 | €38 | €1,157 | €75 | €2,555 | €2,349 | ▼ 8.1% |
| Financial charges65/66B | €1,596 | €1,647 | €3,105 | €9,146 | €8,601 | ▼ 6.0% |
| Recurring financial charges65 | €1,596 | €1,647 | €3,105 | €9,146 | €8,601 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €29,433 | €19,658 | €51,751 | €10,398 | €59,902 | ▲ 476% |
| Income taxes67/77 | €5,966 | €4,385 | €13,247 | €2,181 | €11,762 | ▲ 439% |
| Profit (loss) for the period9904 | €23,467 | €15,273 | €38,504 | €8,217 | €48,140 | ▲ 486% |
| Profit (loss) for the period to be appropriated9905 | €23,467 | €15,273 | €38,504 | €8,217 | €48,140 | ▲ 486% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,500 | €96,386 | €185,856 | €361,386 | €588,473 | ▲ 62.8% |
| Fixed assets21/28 | €30,024 | €39,643 | €59,367 | €85,091 | €73,217 | ▼ 14.0% |
| Intangible fixed assets21 | - | - | - | €1,992 | €1,592 | ▼ 20.1% |
| Tangible fixed assets22/27 | €30,024 | €39,643 | €59,367 | €83,099 | €71,625 | ▼ 13.8% |
| Plant, machinery and equipment23 | €12,964 | €13,577 | €18,342 | €35,392 | €25,973 | ▼ 26.6% |
| Furniture and vehicles24 | - | €4,899 | €9,032 | €8,556 | €8,905 | ▲ 4.1% |
| Other tangible fixed assets26 | €17,060 | €21,167 | €31,993 | €39,151 | €36,747 | ▼ 6.1% |
| Current assets29/58 | €79,476 | €56,743 | €126,489 | €276,295 | €515,256 | ▲ 86.5% |
| Stocks and contracts in progress3 | - | - | €73,627 | €169,628 | €229,534 | ▲ 35.3% |
| Stocks30/36 | - | - | €73,627 | €169,628 | €229,534 | ▲ 35.3% |
| Amounts receivable within one year40/41 | €34,814 | €14,689 | €7,701 | €70,409 | €92,636 | ▲ 31.6% |
| Trade receivables40 | €31,883 | €14,689 | €7,701 | €62,843 | €81,417 | ▲ 29.6% |
| Other amounts receivable41 | €2,931 | €0 | - | €7,566 | €11,219 | ▲ 48.3% |
| Cash at bank and in hand54/58 | €44,054 | €41,230 | €41,906 | €31,856 | €108,661 | ▲ 241% |
| Deferred charges and accrued income490/1 | €609 | €824 | €3,254 | €4,403 | €84,425 | ▲ 1,818% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,500 | €96,386 | €185,856 | €361,386 | €588,473 | ▲ 62.8% |
| Equity10/15 | €58,527 | €73,800 | €107,162 | €115,379 | €163,519 | ▲ 41.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €157,319 | ▲ 25,274% |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €0 | - | - |
| Reserves not available under the articles1311 | €620 | €620 | €620 | €0 | - | - |
| Distributable reserves133 | - | - | - | €620 | €157,319 | ▲ 25,274% |
| Profit (loss) carried forward14 | €51,707 | €66,980 | €100,342 | €108,559 | €0 | ▼ 100% |
| Amounts payable17/49 | €50,973 | €22,586 | €78,694 | €246,007 | €424,954 | ▲ 72.7% |
| Amounts payable after more than one year17 | €4,567 | €0 | €12,651 | €61,335 | €50,375 | ▼ 17.9% |
| Financial debts170/4 | €4,567 | €0 | €12,651 | €61,335 | €50,375 | ▼ 17.9% |
| Amounts payable within one year42/48 | €43,881 | €20,680 | €66,043 | €184,672 | €373,221 | ▲ 102% |
| Current portion of amounts payable after more than one year42 | €10,748 | €4,567 | €11,110 | €16,249 | €21,905 | ▲ 34.8% |
| Financial debts43 | - | - | - | €25,000 | €50,000 | ▲ 100% |
| Credit institutions430/8 | - | - | - | €25,000 | €50,000 | ▲ 100% |
| Trade debts44 | €27,167 | €3,942 | €10,143 | €18,811 | €114,937 | ▲ 511% |
| Suppliers440/4 | €27,167 | €3,942 | €10,143 | €18,811 | €114,937 | ▲ 511% |
| Advances received on contracts in progress46 | - | - | - | €61,760 | €80,936 | ▲ 31.0% |
| Taxes, remuneration and social security45 | €5,966 | €12,171 | €43,248 | €62,852 | €105,443 | ▲ 67.8% |
| Taxes450/3 | €5,966 | €12,171 | €40,448 | €53,878 | €95,551 | ▲ 77.3% |
| Remuneration and social security454/9 | - | - | €2,800 | €8,974 | €9,892 | ▲ 10.2% |
| Other amounts payable47/48 | - | - | €1,543 | €0 | - | - |
| Accrued charges and deferred income492/3 | €2,524 | €1,906 | €0 | - | €1,359 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,467 | €15,273 | €38,504 | €8,217 | €48,140 | ▲ 486% |
| + Depreciation and write-downs630 | €4,629 | €5,122 | €5,948 | €10,894 | €12,699 | ▲ 16.6% |
| Operating cash flow (approximation) | €28,095 | €20,395 | €44,452 | €19,111 | €60,839 | ▲ 218% |
| Investment in fixed assets (approximation) | - | -€14,741 | -€25,672 | -€36,617 | -€825 | ▲ 97.7% |
| Change in cash | - | -€2,823 | €676 | -€10,051 | €76,805 | ▲ 864% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2019net €48,140 ▲486%
Operating result €66,153, net result €48,140, both a record.
30-09
Financial
Equity above €150,000Eq €163,519 ▲41.7%
7 profitable years in a row build equity to €163,519.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 145 days late
2024
30-09
Financial
Weakest financial yearnet €8,217 ▼78.7%
Net result drops to €8,217, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100,000Eq €107,162 ▲45.2%
5 profitable years in a row build equity to €107,162.
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zaventem · 2 establishment units since 2017
Ground area
1.5 ha
Building footprint
7,957 m²
Volume, LiDAR
102,140 m³
3 parcels, Brussels, Flanders · tallest building 33.5 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
Liva
since 20172.270.581.443
Liva
since 20262.393.744.521
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0035/00E000 | Flanders | 1.2 ha | 1 · 5,977 m² | 11.8 m · 3 fl. |
| 11803C0558/00G000 | Flanders | 1,595 m² | 1 · 1,272 m² | 24.2 m · 6 fl. |
| 21807G0023/00P000 | Brussels | 814 m² | 1 · 708 m² | 33.5 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 516 companies in sector 77222 we hold annual accounts for 165. 127 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
Founded04-12-2017
Fiscal year end30-09
Activities, NACEBEL 2025
77222Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685615004
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.