MEUBELEN FAES
ActiveMEUBELEN FAES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.47M and a net result of €72k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 11.35 against 9.44 in 2023; short-term debt: 8.3% and cash: 87.1% of total assets), and 8.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
91.2%
Return on assets
2.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
56 d early
2022
19 d early
2021
13 d early
2020
11 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.47M▲ 3.0%
2023 · €2.40M
2018: €2.06M
2019: €2.05M
2020: €2.10M
2021: €2.18M
2022: €2.28M
2023: €2.40M
2018 → 2024
Total assets
€2.71M▲ 1.0%
2023 · €2.69M
2018: €2.31M
2019: €2.27M
2020: €2.28M
2021: €2.35M
2022: €2.54M
2023: €2.69M
2018 → 2024
Net result
€72k▼ 40.1%
2023 · €121k
2018: €36k
2019: €-6k
2020: €46k
2021: €84k
2022: €100k
2023: €121k
2018 → 2024
Working capital
€2.34M▲ 2.3%
2023 · €2.28M
2018: €1.99M
2019: €1.98M
2020: €2.01M
2021: €2.11M
2022: €2.23M
2023: €2.28M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.10M-€2.18M▲ 4.0%€2.28M▲ 4.6%€2.40M▲ 5.3%€2.47M▲ 3.0%
Operating result€53k-€115k▲ 114%€136k▲ 19.1%€166k▲ 21.3%€94k▼ 43.0%
Net result€46k-€84k▲ 84.8%€100k▲ 18.6%€121k▲ 20.7%€72k▼ 40.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.71M
Fixed assets
€150k▲ 14.0%
Current assets
€2.56M▲ 0.3%
Equity and liabilities €2.71M
Equity
€2.47M▲ 3.0%
Debt
€240k▼ 15.8%
The debt ratio falls from 10.6% to 8.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€120k▼
2023 · €191k
Cash flow
€98k▼
2023 · €146k
Solvency
91.2%▲
2023 · 89.4%
Current ratio
11.35▲
2023 · 9.44
Quick ratio
10.78▲
2023 · 9.06
Debt / equity
0.10▼
2023 · 0.12
ROE
2.9%▼
2023 · 5.0%
ROA
2.7%▼
2023 · 4.5%
Interest coverage
160.69▲
2023 · 50.09
Debt
€240k▼
2023 · €285k
Debt ≤ 1 year
€226k▼
2023 · €271k
Debt > 1 year
€14k▼
2023 · €14k
Income taxes
€27k▼
2023 · €46k
Staff costs
€359k▲
2023 · €348k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.69M€2.71M▲
Fixed assets21/28€132k€150k▲
Tangible fixed assets22/27€131k€150k▲
Land and buildings22€40k€40k▼
Plant, machinery and equipment23€29k€67k▲
Furniture and vehicles24€62k€42k▼
Financial fixed assets28€197€197=
Current assets29/58€2.56M€2.56M▲
Stocks and contracts in progress3€103k€128k▲
Stocks30/36€103k€128k▲
Amounts receivable within one year40/41€38k€58k▲
Trade receivables40€21k€7k▼
Other amounts receivable41€17k€51k▲
Cash at bank and in hand54/58€2.40M€2.36M▼
Deferred charges and accrued income490/1€15k€15k=
Equity and liabilities
Total equity and liabilities10/49€2.69M€2.71M▲
Equity10/15€2.40M€2.47M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.34M€2.41M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€2.33M€2.41M▲
Amounts payable17/49€285k€240k▼
Amounts payable after more than one year17€14k€14k▼
Other amounts payable178/9€14k€14k▼
Amounts payable within one year42/48€271k€226k▼
Trade debts44€63k€67k▲
Suppliers440/4€63k€67k▲
Advances received on contracts in progress46€169k€135k▼
Taxes, remuneration and social security45€38k€24k▼
Taxes450/3€16k€369▼
Remuneration and social security454/9€22k€24k▲
Other amounts payable47/48€24€24=
Accrued charges and deferred income492/3€272€219▼
Income statement
Code20232024
Non-recurring operating income76A€4k€0▼
Remuneration, social security and pensions62€348k€359k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▲
Other operating charges640/8€34k€29k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€573k€510k▼
Operating profit (loss)9901€166k€94k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€4k€745▼
Recurring financial charges65€4k€745▼
Profit (loss) for the period before taxes9903€167k€99k▼
Income taxes67/77€46k€27k▼
Profit (loss) for the period9904€121k€72k▼
Profit (loss) for the period to be appropriated9905€121k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€121k€72k▼
Transfer to equity691/2€121k€72k▼
To other reserves6921€121k€72k▼
Social balance
Average headcount (FTE)90878.08.7▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €121k ▲20.7%
Operating result €166k, net result €121k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-6k ▼115%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lommel · 2 establishment units since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 1893920 LommelGround area
6.6 ha
Building footprint
9,338 m²
Volume, LiDAR
7,317 m³
2 parcels, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Meubelen Faes
since 19992.178.873.683
MEUBELEN FAES NV
since 19992.052.043.710
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0875/00A026 | Flanders | 6.1 ha | 1 · 7,869 m² | - |
| 72020C0901/00K000 | Flanders | 5,334 m² | 1 · 1,469 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsBinnenschrijnwerk en interieur duaal (so)
Medewerker hout duaal (so)
Similar companies · same sector, comparable size
INTERNATIONAL BUSINESS DEVELOPMENT SERVICES
BE 0440.587.559
Lochristi · Eq €2.45M
SwissSleep
BE 0546.834.827
Wetteren · Eq €2.45M
SEATS AND SOFAS
BE 0462.808.576
Wommelgem · Eq €2.44M
Meubelhuis van Leuven
BE 0413.853.270
Rijkevorsel · Eq €2.52M
Meubelfabriek Hilaire Jonckheere Meubelen Carolus
BE 0405.986.570
Sint-Niklaas · Eq €2.53M
Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 685 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-1990
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
31002Manufacture of furniture
36130
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:011/542040