Financials
Financial year 2026
FELO from Kalmthout, company number BE0478804668, closed financial year 2026 with a result of € 1,401 after tax. For that financial year FELO recorded a gross margin of € 2,463 and equity of € 228,525. Compared with financial year 2025, the result moved from € 3,525 to € 1,401. 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 October 27, 2026.
€ 228,525
▲ 1% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,401
▼ 60% vs 2025
Profit after tax over the fiscal year.
€ 13,437
▲ 1% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 112,525.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 510
▼ 69% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 5,385 | € 5,340 | € 5,393 | € 2,463 | ▼ 54% |
| Profit after taxes | € 3,591 | € 3,530 | € 3,525 | € 1,401 | ▼ 60% |
| Equity | € 220,069 | € 223,599 | € 227,124 | € 228,525 | ▲ 1% |
| Total debts | € 4,177 | € 2,163 | € 1,635 | € 510 | ▼ 69% |
| Cash | € 7,883 | € 10,947 | € 13,253 | € 13,437 | ▲ 1% |
| Retained profit | € 104,069 | € 107,599 | € 111,124 | € 112,525 | ▲ 1% |
| Balance sheet total | € 224,245 | € 225,762 | € 228,759 | € 229,035 |
Key figures of FELO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 October 2027.
What happened to FELO?
What happened at FELO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 1,401 (▼ 60% vs 2025). Source: NBB ↗
- Katleen Vander Veken became a director. NBB
- New establishment in Kalmthout. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,591 profit in 2023 to € 1,401 profit in 2026.
Paid € 4,423 in corporate taxes since 2023.
Best year ever: 2023, with € 3,591 profit.
Management
The stake of KARO V comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FELOBehind FELO is Katleen Vander Veken. The shares are held by KARO V (65.5%). It owns 98.4% of Cargo Service NV itself.
Directors
According to the 2026 annual accounts
Shareholders
65.5%
Participations
98.4%
Establishments
Establishment units
Physical locations of this company
Galgenheiken(C) 8
2920 Kalmthout
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
- 0478.804.668
- VAT number
- BE 0478.804.668
- Registered office
- Galgenheiken(C) 8, 2920 Kalmthout
- Names & denominations
- FELO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 November 2002
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
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