FE Group
ActiveThe file of FE Group contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 9.3% (elevated). The 2025 annual accounts show equity of €221k and a net result of €-61k. Equity is growing by ~41.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 16459 sector peers (fiscal year 2025).
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-77
Solvency60▼-24
Growth52▼-26
Track record60
Bankruptcy probability, 12 months
9.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.57 against 2.54 in 2024; short-term debt: 60.8% and cash: 0.9% of total assets), but 65.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
7 d early
2024
86 d late
2023
45 d late
2022
80 d late
2021
79 d late
2020
89 d late
2019
91 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€221k▼ 33.5%
2024 · €332k
2018: €35k
2019: €37k
2020: €93k
2021: €134k
2022: €184k
2023: €272k
2024: €332k
2018 → 2025
Total assets
€633k▲ 13.0%
2024 · €561k
2018: €79k
2019: €120k
2020: €180k
2021: €232k
2022: €319k
2023: €453k
2024: €561k
2018 → 2025
Net result
€-61k
2024 · €67k
2018: €19k
2019: €2k
2020: €76k
2021: €41k
2022: €49k
2023: €88k
2024: €67k
2018 → 2025
Working capital
€219k▼ 33.6%
2024 · €330k
2018: €34k
2019: €19k
2020: €78k
2021: €135k
2022: €181k
2023: €267k
2024: €330k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€184k▲ 37.7%€272k▲ 47.8%€332k▲ 21.8%€221k▼ 33.5%
Operating result€49k-€58k▲ 17.2%€111k▲ 91.7%€66k▼ 40.5%€-80k
Net result€41k-€49k▲ 18.7%€88k▲ 80.5%€67k▼ 24.0%€-61k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €80k after €66k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €633k
Fixed assets
€29k▲ 80.3%
Current assets
€604k▲ 11.0%
Equity and liabilities €633k
Equity
€221k▼ 33.5%
Debt
€413k▲ 80.5%
The debt ratio rises from 40.8% to 65.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-63k▼
2024 · €77k
Cash flow
€-45k▼
2024 · €78k
Solvency
34.8%▼
2024 · 59.2%
Current ratio
1.57▼
2024 · 2.54
Quick ratio
1.57▼
2024 · 2.54
Debt / equity
1.87▲
2024 · 0.69
ROE
-27.7%▼
2024 · 20.2%
ROA
-9.7%▼
2024 · 11.9%
Interest coverage
-6.57▼
2024 · 32.83
Debt
€413k▲
2024 · €229k
Debt ≤ 1 year
€385k▲
2024 · €214k
Debt > 1 year
€28k▲
2024 · €14k
Income taxes
€1k▼
2024 · €23k
Staff costs
€359k▲
2024 · €218k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€561k€633k▲
Fixed assets21/28€16k€29k▲
Tangible fixed assets22/27€16k€29k▲
Furniture and vehicles24€13k€7k▼
Leasing and similar rights25€3k€21k▲
Financial fixed assets28€321€521▲
Current assets29/58€545k€604k▲
Amounts receivable within one year40/41€533k€595k▲
Trade receivables40€54k€38k▼
Other amounts receivable41€479k€557k▲
Cash at bank and in hand54/58€10k€6k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€561k€633k▲
Equity10/15€332k€221k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€313k€202k▼
Amounts payable17/49€229k€413k▲
Amounts payable after more than one year17€14k€28k▲
Financial debts170/4€14k€28k▲
Amounts payable within one year42/48€214k€385k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43-€14k
Other loans439-€14k
Trade debts44€91k€51k▼
Suppliers440/4€91k€51k▼
Taxes, remuneration and social security45€105k€260k▲
Taxes450/3€66k€118k▲
Remuneration and social security454/9€39k€142k▲
Other amounts payable47/48€8k€50k▲
Income statement
Code20242025
Remuneration, social security and pensions62€218k€359k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€17k▲
Other operating charges640/8€2k€16k▲
Non-recurring operating charges66A€915€1k▲
Gross operating margin9900€298k€313k▲
Operating profit (loss)9901€66k€-80k▼
Financial income75/76B€26k€30k▲
Recurring financial income75€26k€30k▲
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€10k▲
Profit (loss) for the period before taxes9903€90k€-60k▼
Income taxes67/77€23k€1k▼
Profit (loss) for the period9904€67k€-61k▼
Profit (loss) for the period to be appropriated9905€67k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€321k€252k▼
Profit (loss) brought forward from the previous period14P€254k€313k▲
Profit to be distributed694/7€8k€50k▲
Return on contributions (dividend)694-€50k
Directors or managers695€8k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
21-05
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20260009 · event 13-05-2026
09-02
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 28-01-2026
2025
31-12
Financial
Weakest financial yearnet €-61k ▼191%
Net result drops to €-61k, the lowest in the series.
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 86 days late
2024
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 45 days late
2023
31-12
Financial
Highest result since 2018net €88k ▲80.5%
Operating result €111k, net result €88k, both a record.
31-12
Financial
Equity above €200kEq €272k ▲47.8%
6 profitable years in a row build equity to €272k.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
31-12
Financial
Equity above €150kEq €184k ▲37.7%
5 profitable years in a row build equity to €184k.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Equity above €100kEq €134k ▲44.3%
4 profitable years in a row build equity to €134k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 65 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2017
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.
Louizalaan 541050 ElseneGround area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 54, 1050 Elsene
since 20172.268.013.616
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 5,985 companies in sector 86940 we hold annual accounts for 1,809. 1,333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2017
Fiscal year end31-12
Activities, NACEBEL
86906Human health activities
86940Nursing and midwifery
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.