Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Feu Vert is 1.2% (low). The 2025 annual accounts show equity of €379k and a net result of €190k. Equity is growing by ~157.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 61 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.2%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate region
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€395k+2.9%
EBIT margin65.9%-2.9pp
Net result€190k+0.7%
Working capital€-192k+49.2%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 01-06-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~157.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 82 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 46.2% | 41.5% | |
| Net result | €190k | €28k | |
| Equity | €379k | €361k | |
| Gross operating margin | €369k | €110k | |
| Total assets | €820k | €922k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P55
Improving position over 2022-2025
· n=61-197
P76
Improving position over 2022-2025
· n=62-197
P51
Improving position over 2022-2025
· n=61-197
P69
Improving position over 2022-2025
· n=46-147
Describes the position versus peers, not a forecast.
€395k
+2.9%
-60% vs sector
€369k
-0.3%
far above sector median
€190k
+0.7%
far above sector median
€298k
+1.5%
+177% vs sector
€820k
-10.3%
-34% vs sector
€379k
+100.2%
-56% vs sector
€-192k
+49.2%
far below sector median
€63k
-1.1%
far above sector median
€80k
-
22-25
€441k
-39.2%
+15% vs sector
€210k
-45.0%
+4% vs sector
€231k
-32.8%
+26% vs sector
0.08
+917.3%
-98% vs sector
0.08
+917.3%
-98% vs sector
46.2%
+123.2%
-17% vs sector
1.16
-69.6%
+45% vs sector
50.1%
-49.7%
far above sector median
23.1%
+12.3%
far above sector median
48.0%
-2.1%
far above sector median
93.4%
-3.0%
far above sector median
46.47
+54.9%
far above sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | €395k |
| EBITDA | €369k |
| Net profit | €190k |
| Cash flow | €298k |
| Staff costs | - |
| Income taxes | €63k |
| Dividends | - |
| Total assets | €820k |
| Equity | €379k |
| Debt | €441k |
| of which ≤ 1y | €210k |
| of which > 1y | €231k |
| Working capital | €-192k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.08 |
| Quick ratio | 0.08 |
| Working capital ratio | -23.4% |
| Solvency | 46.2% |
| Debt / equity | 1.16 |
| Long-term debt ratio | 0.61 |
| Interest coverage | 46.47 |
| Gross margin | 93.4% |
| Net margin | 48.0% |
| ROA | 23.1% |
| ROE | 50.1% |
| EBITDA margin | 93.4% |
| Days sales outstanding | 6d |
| Days payable outstanding | 76d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €820k |
| Fixed assets | 21/28 | €803k |
| Tangible fixed assets | 22/27 | €803k |
| Current assets | 29/58 | €18k |
| Amounts receivable within one year | 40/41 | €18k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €820k |
| Equity | 10/15 | €379k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €378k |
| Amounts payable | 17/49 | €441k |
| Amounts payable after one year | 17 | €231k |
| Amounts payable within one year | 42/48 | €210k |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Turnover | 70 | €395k |
| Gross operating margin | 9900 | €369k |
| Operating result | 9901 | €261k |
| Financial income | 75 | €350 |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €253k |
| Income taxes | 67/77 | €63k |
| Net result for the period | 9904 | €190k |
| Result to be appropriated | 9905 | €190k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed72
/ 100
Healthy
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Current01-01-2023 → present
Former directors (1)
-
Former- → 01-01-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| RSM INTERAUDIT SRLCurrent Statutory auditor · represented by Luis Laperal |
- | 19-02-2026 → present |
| RSM INTERAUDIT Statutory auditor · represented by Luis Laperal succeeded by RSM INTERAUDIT SRL in 2026 |
- | 03-05-2023 → 19-02-2026 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Administratieve en ondersteunende activiteiten ten behoeve van kantoren(82100) |
| Legal form | Private limited company(610) |
| Incorporation | 18-11-2021 |
| Status | Active |
| Postal code | 1150 |
Structure & network
Connections & network
11 connected companiesGroup structure
Parent · 7 subsidiaries · 1 location
Control→
Parent · 198 subsidiaries · 6 locations
Control→
Network connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared address
→
Shared address
→
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationFeu Vert
since 20212.332.338.670
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area662 m²
Buildings1
Building footprint310 m²
Volume (LiDAR)3,519 m³
Tallest building16.0 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0063/00D000 | Brussels | 662 m² | 1 · 310 m² | 16.0 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
8 verified actsWhat every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
2026
19-02-2026
Resignations & appointments
- General meeting , 22/05/2025
- Auditor appointment, RSM InterAudit SRL (commissaire)
19-01-2026
Resignations & appointments
- Board meeting , 08/10/2025
- Power of attorney, Cedric Fraselle
- Power of attorney, Adrien L'hoir
- Power revocation , révocation de tous les pouvoirs spéciaux précédemment octroyés aux dirigeants et/ou employés
02-01-2026
Resignations & appointments
- Board meeting , 08/10/2025
- Power of attorney, Cedric Fraselle
- Power of attorney, Adrien L'hoir
2023
03-05-2023
Resignations & appointments
- Shareholder resolution , 12/04/2023
- Auditor appointment, RSM INTERAUDIT (commissaire)
- Auditor representative, Luis Laperal
17-03-2023
Resignations & appointments
- Board meeting , 25/01/2023
- Power of attorney, Tomas D'huys
09-02-2023
Resignations & appointments
- Shareholder resolution , 11/01/2023
- Director resignation, SA Edwige (administrateur)
- Director discharge, SA Edwige (administrateur)
- Director appointment, SRL Leaso (administrateur)
- Permanent representative, Ben Haegeman
- Mandate compensation, SRL Leaso
2022
07-07-2022
Registered office
- Board meeting , 31/05/2022
- Registered-office move , 1150 Woluwe-Saint-Pierre, Bovenberg 118
2021
22-11-2021
Incorporation
- Incorporation , 17/11/2021
- Founder, EDWIGE
- Founding capital , €1.000
- Corporate purpose , la mise à disposition d’une stratégie énergétique pour des acteurs du secteur social, en Belgique et à l’étranger ; l’acquisition de panneaux solaires ou d'autr…
- Director appointment, EDWIGE (administrateur non statutaire)
- Permanent representative, ROOSE Sam
+2 further facts
Analysis
Snowflake analysis
financial profile on 5 axes82
/ 100
Exceptional profile, strong across almost every axis.
Health
72
Profitability
100
Solvency
58
Growth
85
Stability
94
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110
Primary activity highlighted.
Names & trade names
| Legal nameFR | Feu Vert |
Registered office
Bovenberg 118
1150 Sint-Pieters-Woluwe, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.