ACTIVE

FEEPA

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Financial year 2025 · closed on 31/12/2025

Net result

-13,1 k €

-445.8% YoY

Gross margin

164,3 k €

+2.1% YoY

Equity

2,3 M €

-0.6% YoY

What does FEEPA do?

FEEPA is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Beernem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.210.778

Incorporation

17/04/1992

Legal form

Public limited company

Registered office

Bruggestraat 127
8730 Beernem · FlandreSee on map

Contributed capital

553 328,99 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	164,3 k €	+2.1%	160,9 k €	+173%	58,9 k €	-97.4%	2,2 M €	+1788%	117,9 k €	-13.9%	137 k €	+17.4%	116,7 k €	+34.6%	86,7 k €	+16.4%	74,5 k €	+46.9%	50,7 k €	-79.2%	243,9 k €	+154%	96,1 k €	+29.9%	74 k €	+12.9%	65,5 k €	+4.4%	62,8 k €	+33.9%	46,9 k €	-69.8%	155,1 k €	-1.7%	157,7 k €	+12.1%	140,7 k €	+10.1%	127,7 k €
EBITDA	149,8 k €	+2.4%	146,3 k €	+285%	38 k €	-98.3%	2,2 M €	+2178%	96,9 k €	-11.2%	109,1 k €	+20.2%	90,7 k €	+30.0%	69,8 k €	+10.4%	63,2 k €	+90.2%	33,2 k €	-85.4%	228,3 k €	+163%	86,7 k €	+32.6%	65,4 k €	+15.5%	56,6 k €	+2.6%	55,1 k €	+41.0%	39,1 k €	-73.6%	147,9 k €	-1.5%	150,1 k €	+15.6%	129,9 k €	+11.0%	117,1 k €
Operating result	23 k €	-10.0%	25,5 k €	+151%	-50,4 k €	-102%	2,1 M €	+4291%	49 k €	+20.1%	40,8 k €	+592%	5,9 k €	+167%	-8,9 k €	-406%	-1,7 k €	+94.5%	-31,8 k €	-119%	167,2 k €	+382%	34,7 k €	-23.3%	45,3 k €	+28.5%	35,2 k €	+16.5%	30,2 k €	+113%	14,2 k €	-88.4%	123 k €	-1.8%	125,2 k €	+18.6%	105,6 k €	+13.8%	92,7 k €
Net result	-13,1 k €	-446%	-2,4 k €	+94.5%	-43,5 k €	-103%	1,6 M €	+5130%	30 k €	-6.9%	32,2 k €	+562%	-7 k €	+55.0%	-15,5 k €	-72.4%	-9 k €	-250%	6 k €	-93.7%	94,7 k €	+306%	23,3 k €	-34.3%	35,5 k €	+27.0%	28 k €	+18.8%	23,5 k €	+565%	3,5 k €	-95.8%	84,4 k €	+7.2%	78,7 k €	+23.2%	63,9 k €	+24.5%	51,3 k €
Balance sheet
Equity	2,3 M €	-0.6%	2,3 M €	-0.1%	2,3 M €	-1.8%	2,3 M €	+201%	780 k €	+4.0%	750 k €	+4.5%	717,8 k €	-1.0%	724,8 k €	-2.1%	740,2 k €	-1.2%	749,2 k €	+0.8%	743,3 k €	+14.6%	648,5 k €	+3.7%	625,2 k €	-2.9%	644,2 k €	+4.5%	616,2 k €	+4.0%	592,7 k €	+0.6%	589,2 k €	+16.7%	504,8 k €	+18.5%	426 k €	+17.7%	362,1 k €
Total assets	4,4 M €	-0.6%	4,5 M €	+1.0%	4,4 M €	+0.2%	4,4 M €	+360%	960,9 k €	+3.2%	931,2 k €	+2.9%	905,2 k €	-1.3%	916,7 k €	+5.2%	871,8 k €	-5.9%	926,1 k €	-3.1%	955,9 k €	-3.0%	985,4 k €	+3.9%	947,9 k €	+8.9%	870,8 k €	+5.5%	825,5 k €	+3.1%	800,5 k €	-1.6%	813,3 k €	+9.4%	743,7 k €	-7.7%	805,4 k €	+1.7%	792,3 k €
Cash	2,7 k €	+471%	468,4 €	-94.5%	8,5 k €	-98.9%	748,4 k €	+1826%	38,8 k €	+221%	12,1 k €	-13.6%	14 k €	+503%	2,3 k €	-55.1%	5,2 k €	-83.3%	31,1 k €	-81.0%	164 k €	-18.1%	200,3 k €	-38.0%	323,4 k €	+48.1%	218,3 k €	+111%	103,2 k €	+107%	49,9 k €	-48.7%	97,3 k €	+4119%	2,3 k €	-94.0%	38,2 k €	+774%	4,4 k €
Debts	1,6 M €	+0.1%	1,6 M €	+1.8%	1,6 M €	+4.7%	1,5 M €	+764%	174,2 k €	+0.1%	174 k €	-3.3%	180 k €	-3.1%	185,7 k €	+48.8%	124,8 k €	-26.8%	170,4 k €	-16.9%	205,1 k €	-37.7%	328,9 k €	+7.5%	306 k €	+39.9%	218,7 k €	+4.5%	209,2 k €	+6.7%	196,2 k €	-7.1%	211,2 k €	-2.9%	217,6 k €	-39.0%	357 k €	-12.3%	407,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Peter De Busschere

Director · since 01 juillet 2004

Active

Franciscus De Busschere

Managing director · since 30 avril 1992

Active

Ended mandates

Franciscus De Busschere

Director · since 08 mai 2016 · until 07 mai 2022

Ended

Franciscus Léon M De Busschere

Director · since 08 mai 2016 · until 07 mai 2022

Ended

Peter André W De Busschere

Director · since 08 mai 2016 · until 07 mai 2022

Ended

Franciscus De Busschere

Director · since 03 mai 2010 · until 02 mai 2016

Ended

At this address

Other companies at this address

Company	CBE no.
Elpena● Active	1019.721.507

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/06/2026	25/07/2025	21/08/2024	07/06/2023	09/06/2022	06/07/2021
General meeting	02/05/2026	27/06/2025	30/06/2024	06/05/2023	07/05/2022	12/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/05/2026	04/06/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	25/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	21/08/2024	Dutch	PDF
Micro model	31/12/2022	06/05/2023	07/06/2023	Dutch	PDF
Micro model	31/12/2021	07/05/2022	09/06/2022	Dutch	PDF
Micro model	31/12/2020	12/06/2021	06/07/2021	Dutch	PDF
Micro model	31/12/2019	20/07/2020	20/08/2020	Dutch	PDF
Micro model	31/12/2018	04/05/2019	05/08/2019	Dutch	PDF
Micro model	31/12/2017	05/05/2018	23/07/2018	Dutch	PDF
Micro model	31/12/2016	06/05/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/05/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/05/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	04/05/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	05/05/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/05/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	03/05/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	05/05/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Peter De Busschere

Director · since 01 juillet 2004

Active

Franciscus De Busschere

Managing director · since 30 avril 1992

Active

Ended mandates

Franciscus De Busschere

Director · since 08 mai 2016 · until 07 mai 2022

Ended

Franciscus Léon M De Busschere

Director · since 08 mai 2016 · until 07 mai 2022

Ended

Peter André W De Busschere

Director · since 08 mai 2016 · until 07 mai 2022

Ended

Franciscus De Busschere

Director · since 03 mai 2010 · until 02 mai 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-13,1 k €↓
2024
Annual accounts 2024-2,4 k €↑
2023
Annual accounts 2023-43,5 k €↓
2022
Annual accounts 20221,6 M €↑
2021
Annual accounts 202130 k €↓
2020
Annual accounts 202032,2 k €↑
2019
Annual accounts 2019-7 k €↑
2018
Annual accounts 2018-15,5 k €↓
2017
Annual accounts 2017-9 k €↓
2016
Annual accounts 20166 k €↓
2015
Annual accounts 201594,7 k €↑
2014
Annual accounts 201423,3 k €↓
2013
Annual accounts 201335,5 k €↑
2012
Annual accounts 201228 k €↑
2011
Annual accounts 201123,5 k €↑
2010
Annual accounts 20103,5 k €↓
2009
Annual accounts 200984,4 k €↑
2008
Annual accounts 200878,7 k €↑
2007
Annual accounts 200763,9 k €↑
2006
Annual accounts 200651,3 k €
17/04/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FEEPA

Overview

What does FEEPA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline