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FAA EXPLOITATION

Active
Private limited companyfounded 20251 yr activeBlockhouse 22, 4890 Thimister-Clermont, BelgiumKBO/BCE: BE 1022.482.047
Summary

The computed 12-month bankruptcy probability of FAA EXPLOITATION is 4.7% (elevated). The 2025 annual accounts show negative equity (-€13,322) and a net result of -€23,322. Its solvency ranks better than 15% of 3757 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency2
Growth-
Track record67
Bankruptcy probability, 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.42; short-term debt: 18.9% and cash: 27.9% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-23.1%
Return on assets
-40.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
24 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 April 2025, FAA EXPLOITATION was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€13,322
Total assets
€57,569
Net result
-€23,322
Working capital
€15,446

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €57,569
Fixed assets €31,232
Current assets €26,337
Key figures and ratios
2025 value
EBITDA
-€19,290
Cash flow
-€19,600
Solvency
-23.1%
Current ratio
2.42
Quick ratio
1.86
Debt to equity
-5.32
ROA
-40.5%
Interest coverage
-56.42
Debt
€70,891
Debt ≤ 1 year
€10,891
Debt > 1 year
€60,000
Staff costs
€20,495

Peer companies

Historical observation

Of the 1,323 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 1,323 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 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€57,569
Fixed assets21/28€31,232
Tangible fixed assets22/27€31,232
Plant, machinery and equipment23€31,232
Current assets29/58€26,337
Stocks and contracts in progress3€6,110
Stocks30/36€6,110
Amounts receivable within one year40/41€3,550
Trade receivables40€3,550
Cash at bank and in hand54/58€16,060
Deferred charges and accrued income490/1€617
Equity and liabilities
Total equity and liabilities10/49€57,569
Equity10/15-€13,322
Contributions10/11€10,000
Profit (loss) carried forward14-€23,322
Amounts payable17/49€70,891
Amounts payable after more than one year17€60,000
Other amounts payable178/9€60,000
Amounts payable within one year42/48€10,891
Trade debts44€6,528
Suppliers440/4€6,528
Taxes, remuneration and social security45€4,362
Taxes450/3€2,456
Remuneration and social security454/9€1,906
Income statement Code2025
Remuneration, social security and pensions62€20,495
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,721
Other operating charges640/8€1,947
Gross operating margin9900€3,152
Operating profit (loss)9901-€23,012
Financial income75/76B€32
Recurring financial income75€32
Financial charges65/66B€342
Recurring financial charges65€342
Profit (loss) for the period before taxes9903-€23,322
Profit (loss) for the period9904-€23,322
Profit (loss) for the period to be appropriated9905-€23,322
Appropriation of the result
Profit (loss) to be appropriated9906-€23,322
Social balance
Average headcount (FTE)90873.1

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€20,495
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,721
Other operating charges640/8€1,947
Gross operating margin9900€3,152
Operating profit (loss)9901-€23,012
Financial income75/76B€32
Recurring financial income75€32
Financial charges65/66B€342
Recurring financial charges65€342
Profit (loss) for the period before taxes9903-€23,322
Profit (loss) for the period9904-€23,322
Profit (loss) for the period to be appropriated9905-€23,322
Line2025
Assets
Total assets20/58€57,569
Fixed assets21/28€31,232
Tangible fixed assets22/27€31,232
Plant, machinery and equipment23€31,232
Current assets29/58€26,337
Stocks and contracts in progress3€6,110
Stocks30/36€6,110
Amounts receivable within one year40/41€3,550
Trade receivables40€3,550
Cash at bank and in hand54/58€16,060
Deferred charges and accrued income490/1€617
Equity and liabilities
Total equity and liabilities10/49€57,569
Equity10/15-€13,322
Contributions10/11€10,000
Profit (loss) carried forward14-€23,322
Amounts payable17/49€70,891
Amounts payable after more than one year17€60,000
Other amounts payable178/9€60,000
Amounts payable within one year42/48€10,891
Trade debts44€6,528
Suppliers440/4€6,528
Taxes, remuneration and social security45€4,362
Taxes450/3€2,456
Remuneration and social security454/9€1,906
Line2025
Profit (loss) for the period9904-€23,322
+ Depreciation and write-downs630€3,721
Operating cash flow (approximation)-€19,600

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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Timeline · acts, filings and financial milestones

2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Thimister-Clermont · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
557 m²
Building footprint
327 m²
Volume, LiDAR
3,370 m³
2 parcels, Wallonia · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Chez Fax
Place Verte 24, 4800 VerviersCafés and bars
since 20252.373.963.350
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63017B0407/00E000 Wallonia 420 m² 1 · 258 m² 11.2 m · 3 fl.
63079A0309/00D000 Wallonia 137 m² 1 · 69 m² 15.9 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Verviers2.373.963.350
1 permission
Toelating · Eetgelegenheid · since 16-10-2025

Similar companies · same sector, comparable size

Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 663 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-04-2025
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID 0208:1022482047
Registered 16-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.