Fa&ma
ActiveSummary
Fa&ma has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,683) and a net result of €2,053. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-44
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 1.25 in 2024; short-term debt: 77.4% and cash: 14.8% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-31.8%
Return on assets
5.6%
Age of the figures
18 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-12-2025, 44 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 · 8 filingsDeviation from the deadline
2025
44 d late
2024
30 d early
2023
69 d late
2022
2 d late
2021
33 d early
2020
17 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€11,683▲ 14.9%
2024 · -€13,736
Total assets
€36,756▲ 36.6%
2024 · €26,898
Net result
€2,053▼ 58.5%
2024 · €4,950
Working capital
-€4,883
2024 · €5,256
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,042▲ 4.7%-€537▲ 92.4%-€1,687▼ 214%€6,813€4,570▼ 32.9%
Net result-€8,110below the sector's middle half▲ 9.3%-€1,092within the sector's middle half▲ 86.5%-€1,955within the sector's middle half▼ 79.1%€4,950within the sector's middle half€2,053within the sector's middle half▼ 58.5%
Equity-€15,640below the sector's middle half▼ 108%-€16,731below the sector's middle half▼ 7.0%-€18,686below the sector's middle half▼ 11.7%-€13,736below the sector's middle half▲ 26.5%-€11,683below the sector's middle half▲ 14.9%
Total assets€10,680below the sector's middle half▼ 59.9%€10,110below the sector's middle half▼ 5.3%€10,110below the sector's middle half=€26,898below the sector's middle half▲ 166%€36,756below the sector's middle half▲ 36.6%
Debt€26,320▼ 23.0%€26,842▲ 2.0%€28,796▲ 7.3%€40,634▲ 41.1%€48,439▲ 19.2%
Working capital-€14,682below the sector's middle half▼ 1,558%-€16,731below the sector's middle half▼ 14.0%-€18,686below the sector's middle half▼ 11.7%€5,256within the sector's middle half-€4,883within the sector's middle half
Solvency-146.4%below the sector's middle half▼ 118.2pp-165.5%below the sector's middle half▼ 19.1pp-184.8%below the sector's middle half▼ 19.3pp-51.1%below the sector's middle half▲ 133.8pp-31.8%below the sector's middle half▲ 19.3pp
Current ratio0.41below the sector's middle half▼ 0.560.38below the sector's middle half▼ 0.030.35below the sector's middle half▼ 0.031.25within the sector's middle half▲ 0.900.83below the sector's middle half▼ 0.43
Return on assets (ROA)-75.9%below the sector's middle half▼ 42.4pp-10.8%below the sector's middle half▲ 65.1pp-19.3%below the sector's middle half▼ 8.5pp18.4%above the sector's middle half▲ 37.7pp5.6%within the sector's middle half▼ 12.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36,756
Fixed assets
€13,200 ▲ 1,209%
Current assets
€23,556 ▼ 9.0%
Key figures and ratios
EBITDA
€4,695
Cash flow
€2,178
Quick ratio
0.49▼
2024 · 0.74
Debt to equity
-4.15▼
2024 · -2.96
Interest coverage
1.77
Debt ≤ 1 year
€28,439▲
2024 · €20,634
Debt > 1 year
€20,000=
2024 · €20,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,178 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €662 | €537 | €0 | - | €125 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,033 | €1,070 | ▼ 64.7% |
| Other operating charges640/8 | - | - | €1,123 | €132 | €1,114 | ▲ 746% |
| Gross operating margin9900 | -€5,764 | - | -€565 | €9,978 | €6,878 | ▼ 31.1% |
| Operating profit (loss)9901 | -€7,042 | -€537 | -€1,687 | €6,813 | €4,570 | ▼ 32.9% |
| Financial income75/76B | - | - | - | - | €134 | - |
| Recurring financial income75 | €101 | - | - | - | €134 | - |
| Financial charges65/66B | - | €554 | €267 | €1,863 | €2,650 | ▲ 42.2% |
| Recurring financial charges65 | €1,168 | €554 | €267 | €1,863 | €2,650 | ▲ 42.2% |
| Profit (loss) for the period before taxes9903 | -€8,110 | -€1,092 | -€1,955 | €4,950 | €2,053 | ▼ 58.5% |
| Profit (loss) for the period9904 | -€8,110 | -€1,092 | -€1,955 | €4,950 | €2,053 | ▼ 58.5% |
| Profit (loss) for the period to be appropriated9905 | -€8,110 | -€1,092 | -€1,955 | €4,950 | €2,053 | ▼ 58.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,680 | €10,110 | €10,110 | €26,898 | €36,756 | ▲ 36.6% |
| Fixed assets21/28 | €537 | - | - | €1,008 | €13,200 | ▲ 1,209% |
| Tangible fixed assets22/27 | €537 | - | - | - | €3,163 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,035 | - |
| Furniture and vehicles24 | - | - | - | - | €2,128 | - |
| Financial fixed assets28 | - | - | - | €1,008 | €10,037 | ▲ 896% |
| Current assets29/58 | €10,143 | €10,110 | €10,110 | €25,890 | €23,556 | ▼ 9.0% |
| Stocks and contracts in progress3 | €10,110 | €10,110 | €10,110 | €10,697 | €9,627 | ▼ 10.0% |
| Stocks30/36 | - | €10,110 | €10,110 | €10,697 | €9,627 | ▼ 10.0% |
| Amounts receivable within one year40/41 | - | - | - | €9,075 | €8,250 | ▼ 9.1% |
| Trade receivables40 | - | - | - | €9,075 | €8,250 | ▼ 9.1% |
| Current investments50/53 | - | - | - | - | €250 | - |
| Cash at bank and in hand54/58 | €33 | - | - | €6,118 | €5,429 | ▼ 11.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,680 | €10,110 | €10,110 | €26,898 | €36,756 | ▲ 36.6% |
| Equity10/15 | -€15,640 | -€16,731 | -€18,686 | -€13,736 | -€11,683 | ▲ 14.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€34,240 | -€35,331 | -€37,286 | -€32,336 | -€30,283 | ▲ 6.3% |
| Amounts payable17/49 | €26,320 | €26,842 | €28,796 | €40,634 | €48,439 | ▲ 19.2% |
| Amounts payable after more than one year17 | €1,495 | - | - | €20,000 | €20,000 | = |
| Financial debts170/4 | - | - | - | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €24,825 | €26,842 | €28,796 | €20,634 | €28,439 | ▲ 37.8% |
| Current portion of amounts payable after more than one year42 | - | €2,784 | €0 | - | - | - |
| Trade debts44 | - | - | - | €1,851 | €4,574 | ▲ 147% |
| Suppliers440/4 | - | - | - | €1,851 | €4,574 | ▲ 147% |
| Taxes, remuneration and social security45 | - | €496 | €0 | €7,918 | €5,488 | ▼ 30.7% |
| Taxes450/3 | - | €496 | €0 | €4,869 | €2,438 | ▼ 49.9% |
| Remuneration and social security454/9 | - | - | - | €3,050 | €3,050 | = |
| Other amounts payable47/48 | - | €23,561 | €28,796 | €10,864 | €18,376 | ▲ 69.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,110 | -€1,092 | -€1,955 | €4,950 | €2,053 | ▼ 58.5% |
| + Depreciation and write-downs630 | €662 | €537 | €0 | - | €125 | - |
| Operating cash flow (approximation) | -€7,448 | -€554 | -€1,955 | €4,950 | €2,178 | ▼ 56.0% |
| Investment in fixed assets (approximation) | - | - | - | - | -€12,317 | - |
| Change in cash | - | - | - | - | -€689 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
14-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 44 days late
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €4,950
Net result €4,950 after 5 loss-making years.
31-03
Financial
Liquidity quadruplescurrent ratio 1.25
Current ratio from 0.35 to 1.25; short-term debt falls from €28,796 to €20,634.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€8,937
Net result drops to -€8,937, the lowest in the series; recovery starts the following year.
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lievegem · 1 establishment unit since 2017
Ground area
762 m²
Building footprint
152 m²
Volume, LiDAR
748 m³
Parcel 44080B0015/00K000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Lesjumelles BVBA
since 20172.263.675.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080B0015/00K000 | Flanders | 762 m² | 1 · 152 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 405 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-01-2017
Fiscal year end31-03
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47120Other non-specialised retail sale
56210Event catering
74120Graphic design and visual communication
82990Other business support services
93299Other amusement and recreation activities
96999Other personal services
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670423616
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.