Fonnefeesten
ActiveSummary
Fonnefeesten has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €475k and a net result of €64k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
short-term debt: 0.6% and cash: 38.3% of total assets, and 6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% 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
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
94%
Return on assets
12.7%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
3 d early
2023
14 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
€64k▲ 24.7%
2024 · €51k
2023: €29klowest in 3 years
2024: €51k▲ +76.5% vs 2023
2025: €64k▲ +24.7% vs 2024highest in 3 years
2023 → 2025
Working capital
€496k▲ 15.5%
2024 · €429k
2023: €381klowest in 3 years
2024: €429k▲ +12.6% vs 2023
2025: €496k▲ +15.5% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€359k-€411k▲ 14.3%€475k▲ 15.6%
2023: €359klowest in 3 years
2024: €411k▲ +14.3% vs 2023
2025: €475k▲ +15.6% vs 2024highest in 3 years
Operating result€31k-€53k▲ 75.2%€67k▲ 25.4%
2023: €31klowest in 3 years
2024: €53k▲ +75.2% vs 2023
2025: €67k▲ +25.4% vs 2024highest in 3 years
Net result€29k-€51k▲ 76.5%€64k▲ 24.7%
2023: €29klowest in 3 years
2024: €51k▲ +76.5% vs 2023
2025: €64k▲ +24.7% vs 2024highest in 3 years
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505k
Fixed assets
€6k ▼ 28.3%
Current assets
€499k ▲ 9.2%
Equity and liabilities €505k
Equity
€475k ▲ 15.6%
Debt
€30k ▼ 44.8%
Debt's share of the balance-sheet total falls from 11.7% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▲
2024 · €55k
Cash flow
€66k▲
2024 · €53k
Debt to equity
0.06▼
2024 · 0.13
ROE
13.5%▲
2024 · 12.5%
ROA
12.7%▲
2024 · 11.1%
Interest coverage
19.23▼
2024 · 24.46
Debt ≤ 1 year
€3k▼
2024 · €28k
Income taxes
€114▲
2024 · €0
A ratio outside any meaningful range has been withheld (balance sheet total €505k, equity €475k).
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€465k€505k▲
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23€8k€6k▼
Current assets29/58€457k€499k▲
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€0-
Other amounts receivable41€3k€3k▼
Current investments50/53-€300k
Cash at bank and in hand54/58€435k€193k▼
Deferred charges and accrued income490/1€18k€3k▼
Equity and liabilities
Total equity and liabilities10/49€465k€505k▲
Equity10/15€411k€475k▲
Profit (loss) carried forward14€411k€475k▲
Amounts payable17/49€55k€30k▼
Amounts payable within one year42/48€28k€3k▼
Trade debts44€19k€3k▼
Suppliers440/4€19k€3k▼
Taxes, remuneration and social security45€8k€0▼
Taxes450/3€8k€0▼
Accrued charges and deferred income492/3€27k€27k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€20k€39k▲
Gross operating margin9900€75k€108k▲
Operating profit (loss)9901€53k€67k▲
Financial income75/76B€200€774▲
Recurring financial income75€200€774▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€51k€64k▲
Income taxes67/77€0€114▲
Profit (loss) for the period9904€51k€64k▲
Profit (loss) for the period to be appropriated9905€51k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€411k€475k▲
Profit (loss) brought forward from the previous period14P€359k€411k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €1k | €2k | ▲ 64.7% |
| Other operating charges640/8 | €15k | €20k | €39k | ▲ 89.0% |
| Gross operating margin9900 | €49k | €75k | €108k | ▲ 43.4% |
| Operating profit (loss)9901 | €31k | €53k | €67k | ▲ 25.4% |
| Financial income75/76B | €189 | €200 | €774 | ▲ 287% |
| Recurring financial income75 | €189 | €200 | €774 | ▲ 287% |
| Financial charges65/66B | €2k | €2k | €4k | ▲ 60.8% |
| Recurring financial charges65 | €2k | €2k | €4k | ▲ 60.8% |
| Profit (loss) for the period before taxes9903 | €29k | €51k | €64k | ▲ 24.9% |
| Income taxes67/77 | €32 | €0 | €114 | ▲ 190,233% |
| Profit (loss) for the period9904 | €29k | €51k | €64k | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €29k | €51k | €64k | ▲ 24.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €407k | €465k | €505k | ▲ 8.5% |
| Fixed assets21/28 | €5k | €8k | €6k | ▼ 28.3% |
| Tangible fixed assets22/27 | €5k | €8k | €6k | ▼ 28.3% |
| Plant, machinery and equipment23 | €5k | €8k | €6k | ▼ 28.3% |
| Current assets29/58 | €402k | €457k | €499k | ▲ 9.2% |
| Amounts receivable within one year40/41 | €6k | €3k | €3k | ▼ 9.4% |
| Trade receivables40 | €6k | €0 | - | - |
| Other amounts receivable41 | €0 | €3k | €3k | ▼ 9.4% |
| Current investments50/53 | - | - | €300k | - |
| Cash at bank and in hand54/58 | €389k | €435k | €193k | ▼ 55.6% |
| Deferred charges and accrued income490/1 | €7k | €18k | €3k | ▼ 86.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €407k | €465k | €505k | ▲ 8.5% |
| Equity10/15 | €359k | €411k | €475k | ▲ 15.6% |
| Profit (loss) carried forward14 | €359k | €411k | €475k | ▲ 15.6% |
| Amounts payable17/49 | €48k | €55k | €30k | ▼ 44.8% |
| Amounts payable within one year42/48 | €21k | €28k | €3k | ▼ 88.8% |
| Trade debts44 | €16k | €19k | €3k | ▼ 84.0% |
| Suppliers440/4 | €16k | €19k | €3k | ▼ 84.0% |
| Taxes, remuneration and social security45 | €5k | €8k | €0 | ▼ 100% |
| Taxes450/3 | €5k | €8k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €27k | €27k | €27k | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €51k | €64k | ▲ 24.7% |
| + Depreciation and write-downs630 | €3k | €1k | €2k | ▲ 64.7% |
| Operating cash flow (approximation) | €32k | €53k | €66k | ▲ 25.7% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | ▲ 100% |
| Change in cash | - | €46k | €-242k | ▼ 623% |
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
31-07
State Gazette act
Reappointments: Bart Mertens, Mattias De Cock and 2 othersAppointments: Bart Mertens, Mattias De Cock and 2 others · Mandate compensation · Power of attorney14 facts ▸
State Gazette act
Reappointments: Bart Mertens, Mattias De Cock and 2 others
Appointments: Bart Mertens, Mattias De Cock and 2 others · Mandate compensation · Power of attorney14 facts ▸
- General meeting, 11/06/2026
- Director reappointment, Bart Mertens (director)
- Director reappointment, Mattias De Cock (director)
- Director reappointment, Geert Van Hoye (director)
- Director reappointment, Jeroen De Man (director)
- Director appointment, Bart Mertens (chair)
- Director appointment, Mattias De Cock (vice-chair)
- Director appointment, Geert Van Hoye (secretary)
- Director appointment, Jeroen De Man (treasurer)
- Mandate compensation, Bart Mertens
- Mandate compensation, Mattias De Cock
- Mandate compensation, Geert Van Hoye
- +2 further facts in this act
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2023net €64k ▲24.7%
Operating result €67k, net result €64k, both a record.
31-12
Financial
Liquidity times 10current ratio 162.71
Current ratio from 16.62 to 162.71; short-term debt falls from €28k to €3k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2025
This board is reconstructed from a single act (26099135). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Bart Mertens
CurrentDirector · since 30-06-2025
De Man Jeroen
CurrentDirector · since 30-06-2025
Geert Van Hoye
CurrentDirector · since 30-06-2025
Mattias De Cock
CurrentDirector · since 30-06-2025
30-06-2025
Bart Mertens: Mandate renewed as Director
30-06-2025
Bart Mertens: Appointed as Chair
30-06-2025
De Man Jeroen: Mandate renewed as Director
30-06-2025
De Man Jeroen: Appointed as Treasurer
30-06-2025
Geert Van Hoye: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lokeren
Ground area
131 m²
Building footprint
83 m²
Volume, LiDAR
519 m³
Parcel 46384E0762/00D007, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384E0762/00D007 | Flanders | 131 m² | 1 · 83 m² | 11.0 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.
Structure & network
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Recognitions · licences · registrations
Food safety, FASFC
1 siteLokeren
Similar companies · same sector, comparable size
YETI -CAVES
BE 0665.612.317
Eeklo · Eq €472k
FOU 69
BE 0479.453.083
Buggenhout · Eq €471k
Cordhu
BE 1007.767.642
Roeselare · Eq €465k
VCS IMMO
BE 0672.904.242
Comblain-au-Pont · Eq €463k
FINLANDIA CAVES
BE 0695.574.825
Eeklo · Eq €494k
Of 6,727 companies in sector 93299 we hold annual accounts for 1,168. 631 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded26-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.