Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
FELCOM from Wevelgem, company number BE0801122208, closed financial year 2026 with a result of € 68,088 after tax. For that financial year FELCOM recorded a gross margin of € 114,111 and equity of € 577,985. Compared with financial year 2025, the result moved from € 134,694 to € 68,088. 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 July 9, 2026.
€ 577,985
▲ 13% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 68,088
▼ 49% vs 2025
Profit after tax over the fiscal year.
€ 31,055
▲ € 26,971 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 € 547,985.
People and assets in 2026
€ 485
▼ 62% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 538,744
▼ 14% vs 2025
€ 85,530 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 3,927
▲ € 3,892 vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 36,726
▲ 97% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|
| Gross margin | € 128,520 | € 81,450 | € 114,111 | ▲ 40% |
| Profit after taxes | € 345,204 | € 134,694 | € 68,088 | ▼ 49% |
| Equity | € 375,204 | € 509,897 | € 577,985 | ▲ 13% |
| Total debts | € 926,455 | € 687,157 | € 637,713 | ▼ 7% |
| Cash | € 20,875 | € 4,084 | € 31,055 | ▲ € 26,971 |
| Retained profit | € 345,204 | € 479,897 | € 547,985 | ▲ 14% |
| Bank debt | € 782,657 | € 623,551 | € 538,744 | ▼ 14% |
| Balance sheet total | € 1,301,659 | € 1,197,054 | € 1,215,698 | ▲ 2% |
Key figures of FELCOM, fiscal years 2024 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to FELCOM?
What happened at FELCOM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 68,088 (▼ 49% vs 2025). Source: NBB ↗
- New establishment in Wevelgem. KBO
- Michaël Vandaele became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 345,204 profit in 2024 to € 68,088 profit in 2026.
Paid € 61,257 in corporate taxes since 2024.
Best year ever: 2024, with € 345,204 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind FELCOM is Michaël Vandaele. It owns 50% of Topglass itself.
Directors
According to the 2026 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Nelson Mandelastraat 1
8560 Wevelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0801.122.208
- VAT number
- BE 0801.122.208
- Registered office
- Nelson Mandelastraat 1, 8560 Wevelgem
- Names & denominations
- FELCOM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2023
- Peppol
- Active · Active since 30 Oct 2023
- Activities · NACE
Activiteiten van holdings
Holdings