FA.SY
Open bankruptcyA bankruptcy procedure is open for FA.SY according to publications in the Belgian State Gazette; curator: HUGUES DE SCHAETZEN VAN BRIENEN. The 2023 annual accounts show equity of €67k and a net result of €1k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Equity
€67k▲ 1.8%
2022 · €66k
2018: €44k
2019: €46k
2020: €48k
2021: €44k
2022: €66k
2018 → 2023
Total assets
€631k▲ 57.1%
2022 · €402k
2018: €96k
2019: €112k
2020: €101k
2021: €169k
2022: €402k
2018 → 2023
Net result
€1k▼ 94.5%
2022 · €22k
2018: €12k
2019: €2k
2020: €-4k
2021: €-4k
2022: €22k
2018 → 2023
Working capital
€40k▲ 12.6%
2022 · €36k
2018: €36k
2019: €6k
2020: €17k
2021: €19k
2022: €36k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€46k-€48k▲ 5.3%€44k▼ 9.1%€66k▲ 49.9%€67k▲ 1.8%
Operating result€-6k-€-3k▲ 56.1%€-3k▼ 15.2%€24k€5k▼ 78.2%
Net result€2k-€-4k€-4k▼ 5.6%€22k€1k▼ 94.5%
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 2023; 2023 is 78% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €631k
Fixed assets
€27k▼ 11.1%
Current assets
€604k▲ 62.6%
Equity and liabilities €631k
Equity
€67k▲ 1.8%
Debt
€564k▲ 67.9%
The debt ratio rises from 83.6% to 89.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▼
2022 · €34k
Cash flow
€11k▼
2022 · €32k
Solvency
10.6%▼
2022 · 16.4%
Current ratio
1.07▼
2022 · 1.11
Quick ratio
1.03▼
2022 · 1.05
Debt / equity
8.43▲
2022 · 5.11
ROE
1.8%▼
2022 · 33.3%
ROA
0.2%▼
2022 · 5.4%
Interest coverage
4.22▼
2022 · 18.53
Debt
€564k▲
2022 · €336k
Debt ≤ 1 year
€564k▲
2022 · €336k
Income taxes
€344▲
2022 · €96
Staff costs
€101k▲
2022 · €80k
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€402k€631k▲
Fixed assets21/28€30k€27k▼
Tangible fixed assets22/27€26k€18k▼
Furniture and vehicles24€10k€1k▼
Other tangible fixed assets26€16k€17k▲
Financial fixed assets28€4k€8k▲
Current assets29/58€372k€604k▲
Stocks and contracts in progress3€20k€21k▲
Stocks30/36€20k€21k▲
Amounts receivable within one year40/41€341k€576k▲
Trade receivables40€280k€476k▲
Other amounts receivable41€61k€100k▲
Cash at bank and in hand54/58€10k€6k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€402k€631k▲
Equity10/15€66k€67k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€45k€46k▲
Amounts payable17/49€336k€564k▲
Amounts payable within one year42/48€336k€564k▲
Trade debts44€292k€517k▲
Suppliers440/4€292k€517k▲
Taxes, remuneration and social security45€44k€47k▲
Taxes450/3€6k€10k▲
Remuneration and social security454/9€39k€37k▼
Income statement
Code20222023
Remuneration, social security and pensions62€80k€101k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€982€4k▲
Gross operating margin9900€115k€120k▲
Operating profit (loss)9901€24k€5k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€22k€2k▼
Income taxes67/77€96€344▲
Profit (loss) for the period9904€22k€1k▼
Profit (loss) for the period to be appropriated9905€22k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€46k▲
Profit (loss) brought forward from the previous period14P€23k€45k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL FA.SY CHAUSSEE DE MONS 62A, 1070 ANDERLECHT · event 15-09-2025
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 293 days late
20-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 659 days late
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 178 days late
2021
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 165 days late
2016
14-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 227 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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
1 establishment unit since 2012
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.
Ground area
536 m²
Building footprint
340 m²
Volume, LiDAR
4,175 m³
2 parcels, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FA.SI
since 20122.211.399.664
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
| 21305B0214/00W017 | Brussels | 200 m² | - | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | HUGUES DE SCHAETZEN VAN BRIENEN AVENUE
LOUISE 349, 1050 IXELLES |
15-09-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.211.399.664
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-04-2012
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.