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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FEGEPRO from Laarne, company number BE0448815238, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year FEGEPRO recorded a gross margin of € 2.7 million and equity of € 3.5 million. Compared with financial year 2024, the result moved from € -370,168 to € 1.3 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 3.5 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ still € 370,168 loss in 2024
Profit after tax over the fiscal year.
€ 114,107
▼ 46% 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 € 3.5 million.
People and assets in 2025
3.9
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 263,879
▲ 52% vs 2024
€ 67,700 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.
€ 40,851
▲ 57% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▼ 9% vs 2024
€ 245,615 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 90,893
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 52,786
▲ 258% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 676,501 | € 965,833 | € 424,626 | € 2,674,554 | ▲ € 2.2 million |
| Profit after taxes | € 184,707 | € 344,325 | € -370,168 | € 1,323,900 | ▲ € 1.7 million |
| Equity | € 2,856,135 | € 2,579,492 | € 4,316,431 | € 3,533,223 | ▼ 18% |
| Total debts | € 6,308,355 | € 7,967,438 | € 11,182,347 | € 7,856,199 | ▼ 30% |
| Cash | € 242,695 | € 78,048 | € 210,323 | € 114,107 | ▼ 46% |
| Land & buildings | € 7,780,236 | € 6,835,674 | € 10,941,028 | € 7,698,891 | ▼ 30% |
| Retained profit | € 2,210,211 | € 2,554,536 | € 2,184,368 | € 3,508,267 | ▲ 61% |
| Bank debt | € 3,620,786 | € 3,162,985 | € 2,604,835 | € 2,381,603 | ▼ 9% |
| Balance sheet total | € 9,196,929 | € 10,672,467 | € 15,622,567 | € 11,700,643 | ▼ 25% |
| Employees (FTE) | - | 0 | 2.4 | 3.9 | ▲ 1.5 |
Key figures of FEGEPRO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FEGEPRO?
What happened at FEGEPRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million. Source: NBB ↗
- New establishment in Gent. KBO
- Nele Van Damme became a director. NBB
- Koenraad Belsack became a director. NBB
- New establishment in Laarne. KBO
- Start of the company according to the CBE. KBO
In short
From € 184,707 profit in 2022 to € 1.3 million profit in 2025.
Paid € 29,655 in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
On average € 685,800 of value added per employee in 2025.
Management
Behind FEGEPRO are Nele Van Damme and Koenraad Belsack. The same people are also behind UPGRADE ESTATE GROUP, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot and Gandia. Nele Van Damme is also behind MOEDER LAMBIC, Nelstein and FUTUREDOME. Koenraad Belsack is also behind TER DOENAERT, WESTATE, VM Weggevoerdenlaan ComCo, VAN MARCKE PROPERTIES and VM Lijnwaad Comco.
Directors
According to the 2025 annual accounts
Nele Van Damme
Director
Also active at: UPGRADE ESTATE GROUP, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, MOEDER LAMBIC, Upliving Ghent - Queen, M.G.D. Belgium +38 more
since 2014
Koenraad Belsack
Director
Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, Upliving Ghent - Queen +45 more
since 2014
Establishments
Establishment units
Physical locations of this company
Termstraat 53
9270 Laarne
Amelia Earhartlaan 4
9051 Gent
Active since 1 January 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →HOTEL SAINT - SAUVEUR same network
€ 283,657 gross margin · 2025
MOEDER LAMBIC same network
€ 66,127 gross margin · 2025
Azaert same network
€ 585,656 gross margin · 2025
Nele Van Damme
Koenraad Belsack
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.815.238
- VAT number
- BE 0448.815.238
- Registered office
- Termstraat 53, 9270 Laarne
- Names & denominations
- FEGEPRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1992
- Peppol
- Active · Active since 22 May 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Exploitatie van recreatiedomeinen
Eetgelegenheden met beperkte bediening
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Ontwikkeling van residentiële bouwprojecten
Overige zakelijke dienstverlening, neg
Holdings