FAA GROUP
ActiveSummary
FAA GROUP has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.8m and a net result of €366,306. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 78% of 517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+5
Solvency89▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.75 against 1.35 in 2023; short-term debt: 36% and cash: 8.1% of total assets), and 36% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64%
Return on assets
13.3%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-02-2026, 204 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
204 d late
2023
215 d late
2022
137 d late
2021
180 d late
2020
117 d late
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 166 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€366,306▲ 68.3%
2023 · €217,695
Working capital
€744,788▲ 116%
2023 · €345,293
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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
Line20202021202220232024
Operating result€49,367▼ 81.1%€152,967▲ 210%€355,948▲ 133%€320,352▼ 10.0%€498,791▲ 55.7%
Net result€39,263above the sector's middle half▼ 82.7%€114,499above the sector's middle half▲ 192%€252,368within the sector's middle half▲ 120%€217,695within the sector's middle half▼ 13.7%€366,306above the sector's middle half▲ 68.3%
Equity€808,820above the sector's middle half▲ 5.1%€923,320above the sector's middle half▲ 14.2%€1.2mwithin the sector's middle half▲ 27.3%€1.4mwithin the sector's middle half▲ 18.5%€1.8mwithin the sector's middle half▲ 26.3%
Total assets€1.1mabove the sector's middle half▼ 2.9%€1.3mabove the sector's middle half▲ 19.2%€1.5mwithin the sector's middle half▲ 16.3%€2.4mwithin the sector's middle half▲ 60.0%€2.7mwithin the sector's middle half▲ 15.0%
Debt€269,144▼ 21.0%€361,899▲ 34.5%€318,888▼ 11.9%€997,636▲ 213%€988,975▼ 0.9%
Working capital€307,645▼ 2.2%€471,904▲ 53.4%€585,200▲ 24.0%€345,293▼ 41.0%€744,788▲ 116%
Solvency75.0%above the sector's middle half▲ 5.7pp71.8%above the sector's middle half▼ 3.2pp78.7%above the sector's middle half▲ 6.8pp58.3%within the sector's middle half▼ 20.4pp64.0%above the sector's middle half▲ 5.7pp
Staff (FTE)1.62below the sector's middle half▲ 25.0%2.1below the sector's middle half▲ 5.0%3.8within the sector's middle half▲ 81.0%
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result +120% on 2021. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 56% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.0m ▼ 3.2%
Current assets
€1.7m ▲ 29.1%
Equity and liabilities €2.7m
Equity
€1.8m ▲ 26.3%
Debt
€988,975 ▼ 0.9%
Debt's share of the balance-sheet total falls from 41.7% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€713,422▲
2023 · €531,399
Cash flow
€580,937▲
2023 · €428,742
Current ratio
1.75▲
2023 · 1.35
Debt to equity
0.56▼
2023 · 0.72
ROE
20.8%▲
2023 · 15.6%
ROA
13.3%▲
2023 · 9.1%
Interest coverage
200.94▲
2023 · 172.96
Debt ≤ 1 year
€988,975▼
2023 · €997,636
Income taxes
€152,540▲
2023 · €101,484
Staff costs
€256,810▲
2023 · €142,666
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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%.
| 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €70,294 | €102,207 | €142,666 | €256,810 | ▲ 80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112,310 | €111,371 | €127,947 | €211,047 | €214,631 | ▲ 1.7% |
| Other operating charges640/8 | - | €131,177 | €531,137 | €363,767 | €349,222 | ▼ 4.0% |
| Gross operating margin9900 | €636,597 | €465,809 | €1.1m | €1.0m | €1.3m | ▲ 27.1% |
| Operating profit (loss)9901 | €49,367 | €152,967 | €355,948 | €320,352 | €498,791 | ▲ 55.7% |
| Financial income75/76B | - | - | €224 | €1,900 | €23,606 | ▲ 1,143% |
| Recurring financial income75 | - | - | €224 | €1,900 | €23,606 | ▲ 1,143% |
| Financial charges65/66B | - | €319 | €1,567 | €3,072 | €3,550 | ▲ 15.6% |
| Recurring financial charges65 | €288 | €319 | €1,567 | €3,072 | €3,550 | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €49,079 | €152,648 | €354,606 | €319,179 | €518,846 | ▲ 62.6% |
| Income taxes67/77 | €9,816 | €38,148 | €102,237 | €101,484 | €152,540 | ▲ 50.3% |
| Profit (loss) for the period9904 | €39,263 | €114,499 | €252,368 | €217,695 | €366,306 | ▲ 68.3% |
| Profit (loss) for the period to be appropriated9905 | €39,263 | €114,499 | €252,368 | €217,695 | €366,306 | ▲ 68.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.3m | €1.5m | €2.4m | €2.7m | ▲ 15.0% |
| Fixed assets21/28 | €501,175 | €451,415 | €590,488 | €1.0m | €1.0m | ▼ 3.2% |
| Intangible fixed assets21 | €7,100 | €16,200 | €83,365 | €96,689 | €71,373 | ▼ 26.2% |
| Tangible fixed assets22/27 | €423,372 | €364,512 | €398,220 | €819,098 | €792,576 | ▼ 3.2% |
| Land and buildings22 | - | - | - | €320,953 | €281,218 | ▼ 12.4% |
| Plant, machinery and equipment23 | - | €263,337 | €331,937 | €448,957 | €488,185 | ▲ 8.7% |
| Furniture and vehicles24 | - | €101,175 | €66,283 | €49,188 | €23,174 | ▼ 52.9% |
| Financial fixed assets28 | €70,703 | €70,703 | €108,903 | €132,303 | €150,951 | ▲ 14.1% |
| Current assets29/58 | €576,789 | €833,803 | €904,089 | €1.3m | €1.7m | ▲ 29.1% |
| Amounts receivable within one year40/41 | €412,084 | €473,748 | €243,639 | €480,379 | €1.5m | ▲ 213% |
| Trade receivables40 | - | €473,748 | €243,639 | €379,936 | €668,578 | ▲ 76.0% |
| Other amounts receivable41 | - | - | - | €100,443 | €836,399 | ▲ 733% |
| Cash at bank and in hand54/58 | €158,583 | €353,932 | €656,221 | €834,979 | €222,241 | ▼ 73.4% |
| Deferred charges and accrued income490/1 | - | €6,122 | €4,228 | €27,571 | €6,547 | ▼ 76.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €1.5m | €2.4m | €2.7m | ▲ 15.0% |
| Equity10/15 | €808,820 | €923,320 | €1.2m | €1.4m | €1.8m | ▲ 26.3% |
| Contributions10/11 | €88,600 | €88,600 | €88,600 | €88,600 | €88,600 | = |
| Outside capital11 | - | €88,600 | €88,600 | €88,600 | €88,600 | = |
| Other1109/19 | - | €88,600 | €88,600 | €88,600 | €88,600 | = |
| Reserves13 | €8,860 | €8,860 | €8,860 | €8,860 | €8,860 | = |
| Non-distributable reserves130/1 | - | €8,860 | €8,860 | €8,860 | €8,860 | = |
| Reserves not available under the articles1311 | - | €8,860 | €8,860 | €8,860 | €8,860 | = |
| Profit (loss) carried forward14 | €711,360 | €825,860 | €1.1m | €1.3m | €1.7m | ▲ 28.3% |
| Amounts payable17/49 | €269,144 | €361,899 | €318,888 | €997,636 | €988,975 | ▼ 0.9% |
| Amounts payable within one year42/48 | €269,144 | €361,899 | €318,888 | €997,636 | €988,975 | ▼ 0.9% |
| Trade debts44 | €22,520 | €102,270 | €11,337 | €436,005 | €328,775 | ▼ 24.6% |
| Suppliers440/4 | - | €102,270 | €11,337 | €160,778 | €53,549 | ▼ 66.7% |
| Bills of exchange payable441 | - | - | - | €275,226 | €275,226 | = |
| Taxes, remuneration and social security45 | - | €101,169 | €191,337 | €241,049 | €343,528 | ▲ 42.5% |
| Taxes450/3 | - | €59,652 | €142,037 | €181,465 | €235,263 | ▲ 29.6% |
| Remuneration and social security454/9 | - | €41,517 | €49,300 | €59,585 | €108,265 | ▲ 81.7% |
| Other amounts payable47/48 | - | €158,460 | €116,215 | €320,582 | €316,672 | ▼ 1.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,263 | €114,499 | €252,368 | €217,695 | €366,306 | ▲ 68.3% |
| + Depreciation and write-downs630 | €112,310 | €111,371 | €127,947 | €211,047 | €214,631 | ▲ 1.7% |
| Operating cash flow (approximation) | €151,573 | €225,870 | €380,315 | €428,742 | €580,937 | ▲ 35.5% |
| Investment in fixed assets (approximation) | - | -€61,611 | -€267,019 | -€668,649 | -€181,442 | ▲ 72.9% |
| Change in cash | - | €195,349 | €302,289 | €178,758 | -€612,739 | ▼ 443% |
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
2026
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 204 days late
2025
03-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 215 days late
2024
31-12
Financial
Highest result since 2018net €366,306 ▲68.3%
Operating result €498,791, net result €366,306, both a record.
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 137 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 180 days late
2022
31-12
Financial
Equity above €1mEq €1.2m ▲27.3%
5 profitable years in a row build equity to €1.2m.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
31-12
Financial
Weakest financial yearnet €39,263 ▼82.7%
Net result drops to €39,263, the lowest in the series; recovery starts the following year.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 112 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 198 days late
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 128 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Schaarbeek · 1 establishment unit since 2011
Ground area
245 m²
Building footprint
175 m²
Volume, LiDAR
767 m³
Parcel 21902A0421/00M002, Brussels · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FAA GROUP
since 20112.203.101.909
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0421/00M002 | Brussels | 245 m² | 1 · 175 m² | 8.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.203.101.909
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Identification & contact
Identification
Legal formPrivate limited company
Founded14-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839710588
Also
9925:BE0839710588
Registered
14-12-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.