Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FEYTRAY from Waregem, company number BE0406418716, closed financial year 2025 with a result of € 29,710 after tax. For that financial year FEYTRAY recorded a gross margin of € 981,282 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 43,845 to € 29,710. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 31, 2026.
€ 1.2 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,710
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 256,441
▲ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1 million.
People and assets in 2025
9.7
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 846,242
▲ 17% vs 2024
€ 87,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 23,590
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 686,437
▼ 10% vs 2024
€ 63,000 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 375,099
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 114,157
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 621,057 | € 614,106 | € 827,967 | € 981,282 | ▲ 19% |
| Profit after taxes | € 27,167 | € -552 | € 43,845 | € 29,710 | ▼ 32% |
| Equity | € 1,160,527 | € 1,159,975 | € 1,203,820 | € 1,233,529 | ▲ 2% |
| Total debts | € 767,471 | € 1,485,381 | € 1,715,155 | € 1,568,364 | ▼ 9% |
| Cash | € 62,211 | € 225,780 | € 140,777 | € 256,441 | ▲ 82% |
| Land & buildings | - | - | - | € 25,564 | |
| Retained profit | € 930,874 | € 930,322 | € 974,166 | € 1,003,876 | ▲ 3% |
| Bank debt | € 73,868 | € 375,025 | € 765,165 | € 686,437 | ▼ 10% |
| Balance sheet total | € 1,927,998 | € 2,645,356 | € 2,918,974 | € 2,801,893 | ▼ 4% |
| Employees (FTE) | 9.1 | 8.9 | 9.8 | 9.7 | ▼ 0.1 |
Key figures of FEYTRAY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to FEYTRAY?
What happened at FEYTRAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,710 (▼ 32% vs 2024). Source: NBB ↗
- Philippe Vermaut became a director. NBB
- Médard Eeckhout became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,167 profit in 2022 to € 29,710 profit in 2025.
Paid € 61,684 in corporate taxes since 2022.
Best year ever: 2024, with € 43,845 profit.
On average € 101,200 of value added per employee in 2025.
Management
The stake of VERMAUT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FEYTRAYBehind FEYTRAY are Philippe Vermaut and Médard Eeckhout. The shares are held by VERMAUT (100%).
Directors
According to the 2025 annual accounts
Philippe Vermaut
Director
since 2023
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kalkhoevestraat 59
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.418.716
- VAT number
- BE 0406.418.716
- Registered office
- Kalkhoevestraat 59, 8790 Waregem
- Names & denominations
- FEYTRAY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1968
- Peppol
- Active · Active since 16 Oct 2025
- Activities · NACE
Reparatie en onderhoud van producten van metaal
Vervaardiging van carrosserieën en aanhangwagens
Vervaardiging van carrosserieën voor motorvoertuigen
Carrosserieherstelling (inclusief spuiten en verven)
Groothandel in aanhangwagens, opleggers en caravans
Reparatie en onderhoud van machines
Vervaardiging van aanhangwagens, opleggers en caravans
Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw
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