FA-CO
ActiveThe computed 12-month bankruptcy probability of FA-CO is 3.1% (moderate). For FA-CO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €16k and a net result of €4k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 24649 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability82▲+8
Solvency62▼-38
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
37.3%
Return on assets
10.6%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline17-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-08-2024, 9 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
9 d late
2022
18 d late
2021
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€16k▲ 39.7%
2022 · €11k
2021: €11k
2022: €11k
2021 → 2023
Total assets
€42k▲ 247%
2022 · €12k
2021: €50k
2022: €12k
2021 → 2023
Net result
€4k▲ 736%
2022 · €532
2021: €677
2022: €532
2021 → 2023
Working capital
€16k▲ 57.0%
2022 · €10k
2021: €10k
2022: €10k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€11k-€11k▲ 5.0%€16k▲ 39.7%
Operating result€835-€649▼ 22.3%€6k▲ 765%
Net result€677-€532▼ 21.4%€4k▲ 736%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 765% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €42k
Fixed assets
€681▼ 43.0%
Current assets
€41k▲ 279%
Equity and liabilities €42k
Equity
€16k▲ 39.7%
Debt
€26k▲ 2,865%
The debt ratio rises from 7.3% to 62.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▲
2022 · €955
Cash flow
€5k▲
2022 · €838
Solvency
37.3%▼
2022 · 92.7%
Current ratio
1.61▼
2022 · 12.28
Quick ratio
0.69▲
2022 · 0.00
Debt / equity
1.68▲
2022 · 0.08
ROE
28.4%▲
2022 · 4.7%
ROA
10.6%▲
2022 · 4.4%
Interest coverage
109.39▲
2022 · 6.50
Debt
€26k▲
2022 · €888
Debt ≤ 1 year
€26k▲
2022 · €888
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€12k€42k▲
Fixed assets21/28€1k€681▼
Tangible fixed assets22/27€1k€681▼
Furniture and vehicles24€1k€681▼
Current assets29/58€11k€41k▲
Stocks and contracts in progress3€11k€24k▲
Stocks30/36€11k€24k▲
Amounts receivable within one year40/41€2€40▲
Other amounts receivable41€2€40▲
Cash at bank and in hand54/58-€18k
Equity and liabilities
Total equity and liabilities10/49€12k€42k▲
Equity10/15€11k€16k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€1k€6k▲
Amounts payable17/49€888€26k▲
Amounts payable within one year42/48€888€26k▲
Trade debts44€415€600▲
Suppliers440/4€415€600▲
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48€473€19k▲
Accrued charges and deferred income492/3-€750
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€306€514▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€2k€8k▲
Operating profit (loss)9901€649€6k▲
Financial income75/76B€30€2▼
Recurring financial income75€30€2▼
Financial charges65/66B€147€56▼
Recurring financial charges65€147€56▼
Profit (loss) for the period before taxes9903€532€6k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€532€4k▲
Profit (loss) for the period to be appropriated9905€532€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€6k▲
Profit (loss) brought forward from the previous period14P€677€1k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Highest result since 2021net €4k ▲736%
Operating result €6k, net result €4k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet €532 ▼21.4%
Net result drops to €532, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 10current ratio 12.28
Current ratio from 1.27 to 12.28; short-term debt falls from €39k to €888.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Albert 1,Roi des Belges(L.L) 387100 La LouvièreGround area
2,784 m²
Building footprint
298 m²
Volume, LiDAR
2,722 m³
2 parcels, Wallonia · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MOTOR PASSION
since 20212.314.036.651
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55019A0040/00Y003 | Wallonia | 2,660 m² | 1 · 198 m² | 8.0 m · 2 fl. |
| 55372D0033/00S016 | Wallonia | 124 m² | 1 · 100 m² | 16.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,679 companies in sector 47811 we hold annual accounts for 5,225. 2,479 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2021
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95319Other maintenance and repair of motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32466323387