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Generated 11-08-2026
Active BE 0445.803.783Public limited company

FIBECO

Bedevaartweg 23 ·8930 Menen, Belgium· 34 yrs active
Sector: NACE 82100 (82100)
Conclusion Checked

The computed 12-month bankruptcy probability of FIBECO is 0.4% (very low). The 2023 annual accounts show equity of €8k and a net result of €-155k. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 95% of 2557 sector peers (fiscal year 2023). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €8k
Net result €-155k
Better than sector 95%
Active 34 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health37Profitability0Solvency100Growth32Stability100
54 / 100

Mixed profile: strong on solvency, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 37
Profitability 0
Solvency 100
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Long track record −Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1991, 34 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
37 / 100 Weak
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 14-10-2024 with the NBB · fiscal year 2023 · micro
€-200k€-150k€-100k€-50k€0€50kOperating result 2019: €-107€-107Net result 2019: €43k€43kOperating result 2020: €-345€-345Net result 2020: €43k€43kOperating result 2021: €-108€-108Net result 2021: €-108€-108Operating result 2023: €-155k€-155kNet result 2023: €-155k€-155k2019202020212023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~12%/year over 4 fiscal years, indicative, assuming unchanged policy.
€-100k€0€100k€200k2024: €75k (€40k - €110k)2025: €55k (€-455 - €111k)2026: €36k (€-41k - €113k)2019: €164k2020: €163k2021: €163k2023: €8k2019202020212023202420252026
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 2023 · NACE 82 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 100.0% 51.1%
better than 95% of 2557 sector peers
Net result €-155k €16k
better than 5% of 2553 sector peers
Equity €8k €34k
better than 23% of 2558 sector peers
Total assets €8k €85k
better than 5% of 2559 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-155k
-143464.9% 19-23
Total assets
€8k
-95.0% 19-23
Equity
€8k
-95.0% 19-23
Solvency
100.0%
0.0% 19-23
ROE
-1885.5%
-2850315.5% 19-23
ROA
-1885.5%
-2850315.5% 19-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA-
Net profit€-155k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€8k
Equity€8k
Debt-
of which ≤ 1y-
of which > 1y-
Working capital-
Employees (FTE)-
Ratios (computed)
2023
Current ratio-
Quick ratio-
Working capital ratio-
Solvency100.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-1885.5%
ROE-1885.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€8k
Current assets 29/58€8k
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€8k
Equity 10/15€8k
Contributions / capital 10/11€110k
Reserves 13€11k
Accumulated profits (losses) 14€-113k
Income statement
Operating result 9901€-155k
Result before taxes 9903€-155k
Net result for the period 9904€-155k
Result to be appropriated 9905€-155k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • Liliane VERMEULEN
    Director
    State Gazette act 24138454 (25-09-2024)
    Former
    - → 25-09-2024
    2 events
    • 25-09-2024 Resigned· Director
    • 25-09-2024 Resigned· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary 82100
Legal form Public limited company(014)
Incorporation26-11-1991
StatusActive
Postal code8930
Establishment units 1 location
Bedevaartweg 23, 8930 Menen
Overige ondersteunende activiteiten i.v.m. het vervoer te land
since 19922.055.865.906
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels 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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34032C0517/00D000 Flanders 6,617 m² 1 · 333 m² 8.9 m · 1 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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
14-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
25-09-2024
State Gazette act Director changes
2022
23-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
30-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
28-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
28-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
01-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
23-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
24-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
29-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
23-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2024
25-09-2024 2 resigning Director changes
  • Liliane VERMEULEN, Bestuurder
  • Liliane VERMEULEN, Gedelegeerd bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Liliane VERMEULEN",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Ontslag van Mevrouw Liliane VERMEULEN als bestuurder en als gedelegeerd bestuurder.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Liliane VERMEULEN",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Ontslag van Mevrouw Liliane VERMEULEN als bestuurder en als gedelegeerd bestuurder.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-09-25",
    "filing_date": "2024-09-16",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-02-10",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0445.803.783",
    "name_full": "FIBECO",
    "legal_form": "NAAMLOZE VENNOOTSCHAP"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Saliko sro",
    "person_name": null,
    "org_rep_person_name": "Thierry Sengier",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Activiteiten van eetgelegenheden met volledige bediening56111Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100
Primary activity highlighted.
Names & trade names
Legal nameNL FIBECO
Registered office
Bedevaartweg 23
8930 Menen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative