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FA.BE

Active
Private limited companyfounded 2024active for 2 yearsEikelaarstraat 23, 3600 Genk, BelgiumKBO/BCE: BE 1011.847.382

From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of FA.BE is 9.6% (elevated). The 2025 annual accounts show negative equity (-€133,480) and a net result of -€158,480. Its solvency ranks better than 7% of 2,387 sector peers (NACE 49, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Latest annual accounts filed

Annual accounts 2025

Download PDF
Financial year ended
31-12-2025
Filed on
10-07-2026
Format
abbreviated format
Reference
2026-00287279
Turnover
≈ €590,000
Estimated: probably between €460,000 and €870,000
Total assets
€684,449
Net result
-€158,480
Working capital
€65,714

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €680,021
Fixed assets €353,421
Current assets €326,599
Equity and liabilities
Equity-€133,480
Debt€817,929
Equity is negative: debt (€817,929) exceeds the balance-sheet total (€684,449).
Key figures and ratios
2025 value
EBITDA
-€123,923
Cash flow
-€135,808
Solvency
-19.5%
Current ratio
1.25
ROA
-23.2%
Interest coverage
-10.56
Debt
€817,929
Debt ≤ 1 year
€260,885
Debt > 1 year
€555,667
Income taxes
€150
Staff costs
€394,908
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.9% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 9.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 45 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 10-07-2026.

Balance sheet Code2025
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
Income statement Code2025
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
Appropriation of the result
Profit (loss) to be appropriated9906-€158,480
Social balance sheet
Average headcount (FTE)90873.6

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2025
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
Line2025
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
Line2025
Profit (loss) for the period9904-€158,480
+ Depreciation and write-downs630€22,671
Operating cash flow (approximation)-€135,808

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 10-07-2026 2026-00287279 PDF

Similar companies · same sector, comparable size

Of the 12,356 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,291. 2,362 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.