Feluy M2M
ActiveFeluy M2M has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-10k) and a net result of €48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 88 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+1
Solvency25=
Growth72=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.18 against 4.6 in 2024; short-term debt: 23.9% and cash: 0.4% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 39
Relative position
BE, all sectors
reference
Sector 39
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 2025Solvency, return and age of the figures
Solvency
-0.1%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 88 sector peers (2025).
NBB · sector comparisonPosition among 88 sector peers
Solvency
better than 15%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
15 d early
2023
8 d early
2022
20 d early
2021
12 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€162k▲ 344%
2023 · €36k
2023: €36k
2023 → 2024
EBIT margin
155.5%▲ 323.1pp
2023 · -167.6%
2023: -167.6%
2023 → 2024
Net result
€48k
2024 · €-30k
2021: €-419k
2022: €-193k
2023: €-116k
2024: €-30k
2021 → 2025
Working capital
€11.65M▲ 0.3%
2024 · €11.62M
2021: €329k
2022: €149k
2023: €2.75M
2024: €11.62M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€36k€162k▲ 344%
Equity€281k-€88k▼ 68.8%€-29k€-59k▼ 105%€-10k▲ 82.3%
Operating result€-419k-€-193k▲ 54.0%€-61k▲ 68.3%€252k€283k▲ 12.2%
Net result€-419k-€-193k▲ 54.0%€-116k▲ 39.8%€-30k▲ 74.2%€48k
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Key figures and ratios
Solvency
-0.1%▲
2024 · -0.4%
Current ratio
4.18▼
2024 · 4.60
Quick ratio
2.34▼
2024 · 2.68
ROA
0.3%▲
2024 · -0.2%
Debt
€15.33M▲
2024 · €14.91M
Debt ≤ 1 year
€3.66M▲
2024 · €3.23M
Debt > 1 year
€3.20M=
2024 · €3.20M
A ratio outside any meaningful range has been withheld (balance sheet total €15.32M, equity €-10k).
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€14.85M€15.32M▲
Current assets29/58€14.85M€15.32M▲
Stocks and contracts in progress3€6.19M€6.75M▲
Stocks30/36€6.19M€6.75M▲
Property held for sale35€6.19M-
Amounts receivable within one year40/41€8.54M€8.50M▼
Trade receivables40€84k€44k▼
Other amounts receivable41€8.46M€8.46M=
Cash at bank and in hand54/58€48k€62k▲
Deferred charges and accrued income490/1€66k-
Equity and liabilities
Total equity and liabilities10/49€14.85M€15.32M▲
Equity10/15€-59k€-10k▲
Contributions10/11€700k€700k=
Capital10€700k€700k=
Issued capital100€700k€700k=
Profit (loss) carried forward14€-759k€-710k▲
Amounts payable17/49€14.91M€15.33M▲
Amounts payable after more than one year17€3.20M€3.20M=
Financial debts170/4€3.20M€3.20M=
Subordinated loans170€1.20M-
Credit institutions173€2.00M-
Amounts payable within one year42/48€3.23M€3.66M▲
Financial debts43€2.70M€2.30M▼
Credit institutions430/8€2.70M€2.30M▼
Trade debts44€182k€343k▲
Suppliers440/4€182k€343k▲
Advances received on contracts in progress46-€1.00M
Taxes, remuneration and social security45€346k€21k▼
Taxes450/3€346k€21k▼
Accrued charges and deferred income492/3€8.48M€8.47M▼
Income statement
Code20242025
Operating income70/76A€1.38M-
Turnover70€162k-
Other operating income74€1.22M-
Operating charges60/66A€1.13M-
Goods for resale, raw materials and consumables60€357k-
Purchases600/8€1.83M-
Change in stocks: decrease (increase)609€-1.47M-
Services and other goods61€316k-
Other operating charges640/8€458k€124k▼
Gross operating margin9900-€407k
Operating profit (loss)9901€252k€283k▲
Financial charges65/66B€282k€234k▼
Recurring financial charges65€282k€234k▼
Debt charges650€282k-
Profit (loss) for the period before taxes9903€-30k€48k▲
Profit (loss) for the period9904€-30k€48k▲
Profit (loss) for the period to be appropriated9905€-30k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-759k€-710k▲
Profit (loss) brought forward from the previous period14P€-729k€-759k▼
The notes to these accounts (3 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
07-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Permanent representative9 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Permanent representative9 facts ▸
- General meeting, 2026-06-30
- Director reappointment, Caroline DECAMPS (administrateur)
- Director reappointment, Geneviève FINET (administrateur)
- Director reappointment, Benoît LEFEBVRE (administrateur)
- Director reappointment, Denis DROUSIE (administrateur)
- Director reappointment, Jérôme METZ (administrateur)
- Director reappointment, Nicolas DOISON (administrateur)
- Director reappointment, FCO PARTNER SRL (administrateur)
- Permanent representative, Fabien COLLINGE
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €48k
Net result €48k after 4 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26112512). 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.
Benoît LEFEBVRE
CurrentDirector · since 30-06-2026
DECAMPS, Caroline
CurrentDirector · since 30-06-2026
Denis Drousie
CurrentDirector · since 30-06-2026
FCO Partner SRL
CurrentDirector · since 30-06-2026 · Legal entity · perm. rep.: Fabien COLLINGE
Geneviève FINET
CurrentDirector · since 30-06-2026
Jérôme METZ
CurrentDirector · since 30-06-2026
+ 1 not shown in this overview
30-06-2026
Benoît LEFEBVRE: Mandate renewed as Director
30-06-2026
DECAMPS, Caroline: Mandate renewed as Director
30-06-2026
Denis Drousie: Mandate renewed as Director
30-06-2026
FCO Partner SRL: Mandate renewed as Director
30-06-2026
Geneviève FINET: Mandate renewed as Director
30-06-2026
Jérôme METZ: Mandate renewed as Director
30-06-2026
Nicolas DOISON: Mandate renewed as Director
Location & real-estate footprint
Registered office, Farciennes
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.
Rue de la Neuville 1006240 FarciennesGround area
645 m²
Building footprint
93 m²
Volume, LiDAR
757 m³
Parcel 52018B0155/00D000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52018B0155/00D000 | Wallonia | 645 m² | 1 · 93 m² | 10.0 m · 3 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.
Structure & network
Connections & network
28 connected companiesLinked via shared directors
viaGeneviève FINET · Permanent representative
→
viaDenis Drousie · Représentant permanent de la ccih
→
viaDECAMPS, Caroline · Director
→
viaDenis Drousie · Director
→
Show 24 more companies with a shared director
viaDECAMPS, Caroline · Director
→
viaDECAMPS, Caroline · Director
→
viaDECAMPS, Caroline · Secrétaire du conseil d'administration
former→
viaGeneviève FINET · Director
former→
viaDenis Drousie · Director
former→
viaBenoît LEFEBVRE · Director
former→
viaDECAMPS, Caroline · Director
former→
former→
viaDECAMPS, Caroline · Administrateur indépendant
former→
viaDECAMPS, Caroline · Director
former→
viaDenis Drousie · Directeur chargé de la gestion journalière
former→
viaBenoît LEFEBVRE · Director
former→
viaDenis Drousie · Director
former→
viaDECAMPS, Caroline · Director
former→
viaDECAMPS, Caroline · Director
former→
viaDECAMPS, Caroline · Administrateur indépendant
former→
viaDenis Drousie · Director
former→
former→
viaDenis Drousie · Director
former→
viaDECAMPS, Caroline · Director
former→
viaGeneviève FINET · Director
former→
viaDECAMPS, Caroline · Director
former→
viaDECAMPS, Caroline · Director
former→
viaDECAMPS, Caroline · Director
former→
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Of 252 companies in sector 39000 we hold annual accounts for 133. 82 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-07-2020
Fiscal year end31-12
Activities, NACEBEL
39000Remediation activities and other waste management service activities
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.