FA.BE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 10-07-2026 PDF
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 6 |
| full-time | 6 |
| part-time | 0 |
| in full-time equivalents | 6 |
| Average over the year, in full-time equivalents | 3.6 |
| On a permanent contract | 6 |
| Joined | 8 |
| Left | 2 |
| Training hours | 96 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €373,781 |
| Financial fixed assets | €650 |
| Depreciation and write-downs of the year | €22,671 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €394,908 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,671 |
| Other operating charges640/8 | €2,656 |
| Gross operating margin9900 | €273,640 |
| Operating profit (loss)9901 | -€146,595 |
| Financial income75/76B | €2 |
| Recurring financial income75 | €2 |
| Financial charges65/66B | €11,737 |
| Recurring financial charges65 | €11,737 |
| Profit (loss) for the period before taxes9903 | -€158,330 |
| Income taxes67/77 | €150 |
| Profit (loss) for the period9904 | -€158,480 |
| Profit (loss) for the period to be appropriated9905 | -€158,480 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €684,449 | |
| Formation expenses20 | €4,428 | |
| Fixed assets21/28 | €353,421 | |
| Tangible fixed assets22/27 | €352,771 | |
| Plant, machinery and equipment23 | €17,826 | |
| Furniture and vehicles24 | €1,224 | |
| Leasing and similar rights25 | €333,721 | |
| Financial fixed assets28 | €650 | |
| Current assets29/58 | €326,599 | |
| Amounts receivable within one year40/41 | €144,312 | |
| Trade receivables40 | €142,336 | |
| Other amounts receivable41 | €1,975 | |
| Cash at bank and in hand54/58 | €152,903 | |
| Deferred charges and accrued income490/1 | €29,385 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €684,449 | |
| Equity10/15 | -€133,480 | |
| Contributions10/11 | €25,000 | |
| Profit (loss) carried forward14 | -€158,480 | |
| Amounts payable17/49 | €817,929 | |
| Amounts payable after more than one year17 | €555,667 | |
| Financial debts170/4 | €286,279 | |
| Trade debts175 | €269,388 | |
| Amounts payable within one year42/48 | €260,885 | |
| Current portion of amounts payable after more than one year42 | €65,745 | |
| Trade debts44 | €74,215 | |
| Suppliers440/4 | €74,215 | |
| Taxes, remuneration and social security45 | €120,925 | |
| Taxes450/3 | €44,419 | |
| Remuneration and social security454/9 | €76,505 | |
| Accrued charges and deferred income492/3 | €1,376 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€158,480 |
| + Depreciation and write-downs630 | €22,671 |
| Operating cash flow (approximation) | -€135,808 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as FA.BE has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FA.BE itself: 9.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for FA.BE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-07-2026 | 2026-00287279 |