FAAB
ActiveSummary
FAAB has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194,467 and a net result of €81,658. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 4231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-5
Solvency43▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.22 in 2024; short-term debt: 82.4% and cash: 20.8% of total assets), and 82.4% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-10-2025, 5 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
5 d early
2024
9 d early
2023
3 d early
2022
3 d early
2021
2 d early
2020
61 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 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 28 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€81,658▼ 35.7%
2024 · €127,077
Working capital
-€671,778▲ 10.9%
2024 · -€753,777
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€30,132-€23,485-€9,401▲ 60.0%€161,842€112,909▼ 30.2%
Net result€28,838above the sector's middle half-€24,193below the sector's middle half-€9,640below the sector's middle half▲ 60.2%€127,077above the sector's middle half€81,658within the sector's middle half▼ 35.7%
Equity€19,564within the sector's middle half-€4,629below the sector's middle half-€14,269below the sector's middle half▼ 208%€112,809within the sector's middle half€194,467within the sector's middle half▲ 72.4%
Total assets€152,237within the sector's middle half▲ 0.6%€125,361within the sector's middle half▼ 17.7%€113,493within the sector's middle half▼ 9.5%€1.1mwithin the sector's middle half▲ 852%€1.1mwithin the sector's middle half▲ 2.2%
Debt€132,673▼ 17.4%€129,990▼ 2.0%€127,762▼ 1.7%€967,769▲ 657%€910,334▼ 5.9%
Working capital-€31,847below the sector's middle half▲ 37.9%-€49,071below the sector's middle half▼ 54.1%-€48,557below the sector's middle half▲ 1.0%-€753,777below the sector's middle half▼ 1,452%-€671,778below the sector's middle half▲ 10.9%
Solvency12.9%within the sector's middle half▲ 19.0pp-3.7%below the sector's middle half▼ 16.5pp-12.6%below the sector's middle half▼ 8.9pp10.4%below the sector's middle half▲ 23.0pp17.6%within the sector's middle half▲ 7.2pp
Current ratio0.75below the sector's middle half▲ 0.120.62below the sector's middle half▼ 0.130.62below the sector's middle half=0.22below the sector's middle half▼ 0.400.26below the sector's middle half▲ 0.04
Return on assets (ROA)18.9%above the sector's middle half▲ 29.2pp-19.3%below the sector's middle half▼ 38.2pp-8.5%below the sector's middle half▲ 10.8pp11.8%above the sector's middle half▲ 20.3pp7.4%within the sector's middle half▼ 4.4pp
Staff (FTE)1▲ 25.0%0.8▼ 20.0%0.1▼ 87.5%0.1below the sector's middle half=0below the sector's middle half▼ 100%
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€866,245 =
Current assets
€238,556 ▲ 11.5%
Equity and liabilities €1.1m
Equity
€194,467 ▲ 72.4%
Debt
€910,334 ▼ 5.9%
Debt's share of the balance-sheet total falls from 89.6% to 82.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,944▼
2024 · €162,908
Cash flow
€82,693▼
2024 · €128,144
Debt to equity
4.68▼
2024 · 8.58
ROE
42.0%▼
2024 · 112.6%
Interest coverage
867.15▲
2024 · 313.43
Debt ≤ 1 year
€910,334▼
2024 · €967,769
Income taxes
€31,120▼
2024 · €34,246
Staff costs
€284▼
2024 · €801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14,294 | €2,609 | €801 | €284 | ▼ 64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,428 | €11,053 | €11,053 | €1,067 | €1,035 | ▼ 3.0% |
| Other operating charges640/8 | - | €1,123 | €594 | €753 | €1,270 | ▲ 68.7% |
| Gross operating margin9900 | €52,773 | €2,985 | €4,854 | €164,463 | €115,499 | ▼ 29.8% |
| Operating profit (loss)9901 | €30,132 | -€23,485 | -€9,401 | €161,842 | €112,909 | ▼ 30.2% |
| Financial income75/76B | - | €0 | €60 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €65 | €0 | €60 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | €708 | €298 | €520 | €131 | ▼ 74.7% |
| Recurring financial charges65 | €970 | €708 | €298 | €520 | €131 | ▼ 74.7% |
| Profit (loss) for the period before taxes9903 | €29,227 | -€24,193 | -€9,640 | €161,323 | €112,777 | ▼ 30.1% |
| Income taxes67/77 | €389 | - | - | €34,246 | €31,120 | ▼ 9.1% |
| Profit (loss) for the period9904 | €28,838 | -€24,193 | -€9,640 | €127,077 | €81,658 | ▼ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €28,838 | -€24,193 | -€9,640 | €127,077 | €81,658 | ▼ 35.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,237 | €125,361 | €113,493 | €1.1m | €1.1m | ▲ 2.2% |
| Fixed assets21/28 | €56,395 | €45,342 | €34,289 | €866,586 | €866,245 | = |
| Intangible fixed assets21 | €6,392 | €4,492 | €2,592 | €1,526 | €626 | ▼ 59.0% |
| Tangible fixed assets22/27 | €49,943 | €40,790 | €31,636 | €0 | €559 | - |
| Furniture and vehicles24 | - | €39,213 | €30,365 | €0 | €559 | - |
| Other tangible fixed assets26 | - | €1,577 | €1,272 | €0 | - | - |
| Financial fixed assets28 | €60 | €60 | €60 | €865,060 | €865,060 | = |
| Current assets29/58 | €95,842 | €80,019 | €79,204 | €213,992 | €238,556 | ▲ 11.5% |
| Stocks and contracts in progress3 | €47,586 | €56,111 | €46,429 | €0 | - | - |
| Stocks30/36 | - | €56,111 | €46,429 | €0 | - | - |
| Amounts receivable within one year40/41 | €5,111 | €11,278 | €8,552 | €24,694 | €8,729 | ▼ 64.7% |
| Trade receivables40 | - | €11,278 | €8,552 | €24,694 | €8,729 | ▼ 64.7% |
| Cash at bank and in hand54/58 | €42,450 | €12,070 | €23,798 | €188,458 | €229,773 | ▲ 21.9% |
| Deferred charges and accrued income490/1 | - | €560 | €425 | €840 | €53 | ▼ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,237 | €125,361 | €113,493 | €1.1m | €1.1m | ▲ 2.2% |
| Equity10/15 | €19,564 | -€4,629 | -€14,269 | €112,809 | €194,467 | ▲ 72.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €13,364 | -€10,829 | -€20,469 | €106,609 | €188,267 | ▲ 76.6% |
| Amounts payable17/49 | €132,673 | €129,990 | €127,762 | €967,769 | €910,334 | ▼ 5.9% |
| Amounts payable after more than one year17 | €4,084 | - | - | - | - | - |
| Amounts payable within one year42/48 | €127,689 | €129,090 | €127,762 | €967,769 | €910,334 | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | - | €4,084 | €0 | - | - | - |
| Trade debts44 | €25,605 | €25,515 | €29,112 | €44,946 | €10,193 | ▼ 77.3% |
| Suppliers440/4 | - | €25,515 | €29,112 | €44,946 | €10,193 | ▼ 77.3% |
| Taxes, remuneration and social security45 | - | €4,320 | €3,771 | €57,602 | €34,806 | ▼ 39.6% |
| Taxes450/3 | - | €135 | €2,887 | €56,388 | €33,250 | ▼ 41.0% |
| Remuneration and social security454/9 | - | €4,185 | €884 | €1,214 | €1,557 | ▲ 28.2% |
| Other amounts payable47/48 | - | €95,172 | €94,879 | €865,221 | €865,335 | = |
| Accrued charges and deferred income492/3 | - | €900 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,838 | -€24,193 | -€9,640 | €127,077 | €81,658 | ▼ 35.7% |
| + Depreciation and write-downs630 | €10,428 | €11,053 | €11,053 | €1,067 | €1,035 | ▼ 3.0% |
| Operating cash flow (approximation) | €39,266 | -€13,140 | €1,414 | €128,144 | €82,693 | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€833,364 | -€694 | ▲ 99.9% |
| Change in cash | - | -€30,380 | €11,727 | €164,660 | €41,316 | ▼ 74.9% |
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
26-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Equity above €150,000Eq €194,467 ▲72.4%
2 profitable years in a row build equity to €194,467.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €127,077
Net result €127,077 after 2 loss-making years.
31-03
Financial
Equity above €100,000Eq €112,809
Equity rises from -€14,269 to €112,809.
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€24,193
Net result drops to -€24,193, the lowest in the series; recovery starts the following year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €28,838
Net result €28,838 after one loss-making year.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Neupré · 1 establishment unit since 2018
Ground area
1,960 m²
Building footprint
210 m²
Parcel 61044B0136/00P005, Wallonia. Linked by address, not a title deed.
1 establishment unit
Compagnie des cinq / Aqua D
since 20182.276.866.053
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61044B0136/00P005 | Wallonia | 1,960 m² | 1 · 210 m² | - |
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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- HYDRO INVEST
- FAAB
Highest known parent: HYDRO INVEST. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 1
-
20%
According to the annual accounts to 31-03-2025 of FAAB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,075 companies in sector 47750 we hold annual accounts for 517. 331 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
Founded22-06-2018
Fiscal year end31-03
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
46190Agents in non-specialised wholesale trade
46450Wholesale of perfume and cosmetics
46649Wholesale of other machinery and equipment
47120Other non-specialised retail sale
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698725741
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.