FAB
Dissolved and wound upFinancials · financial year 2025, full format
Annual accounts 2025 filed on 31-03-2026 PDF all 37 filings
Turnover
€703,314
EBIT margin
3.6%
Net result
-€15,239▲ 87.8%
2024 · -€124,770
Working capital
€104,836▼ 0.6%
2024 · €105,423
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€8,826
▲ 92.9%
2025
20182025
Net result
-€15,239
▲ 87.8%
2025
20182025
EBIT margin
no figure
2025
20182025
Equity
€104,836
▼ 12.7%
2025
20182025
Total assets
€108,983
▼ 18.9%
2025
20182025
Debt
€4,147
▼ 71.0%
2025
20182025
Working capital
€104,836
▼ 0.6%
2025
20182025
Staff (FTE)
0
▼ 100%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€703,314
Operating result€14,920-€24,989▲ 67.5%€27,347▲ 9.4%€111,100▲ 306%€5,120▼ 95.4%€34,543▲ 575%-€124,779-€8,826▲ 92.9%
Net result€10,502-€14,839▲ 41.3%€15,600▲ 5.1%€75,768▲ 386%€1,122▼ 98.5%€26,734▲ 24×-€124,770-€15,239▲ 87.8%
EBIT margin3.6%
Equity€254,801-€269,640▲ 5.8%€285,240▲ 5.8%€361,008▲ 26.6%€218,112▼ 39.6%€244,846▲ 12.3%€120,076▼ 51.0%€104,836▼ 12.7%
Total assets€491,012-€583,775▲ 18.9%€546,332▼ 6.4%€640,264▲ 17.2%€342,804▼ 46.5%€286,537▼ 16.4%€134,357▼ 53.1%€108,983▼ 18.9%
Debt€236,211-€314,135▲ 33.0%€261,092▼ 16.9%€279,256▲ 7.0%€124,692▼ 55.3%€41,691▼ 66.6%€14,281▼ 65.7%€4,147▼ 71.0%
Working capital€207,583-€178,694▼ 13.9%€189,478▲ 6.0%€271,406▲ 43.2%€163,536▼ 39.7%€190,603▲ 16.6%€105,423▼ 44.7%€104,836▼ 0.6%
Staff (FTE)5.2-6.2▲ 19.2%6.7▲ 8.1%7▲ 4.5%1.4▼ 80.0%1.1▼ 21.4%0.8▼ 27.3%0▼ 100%
The operating result for 2025 is a loss of €8,826, smaller than the loss of €124,779 in 2024.
Large changes and their cause
- 2022 Staff (FTE) -80% on 2021. Partial demerger to LES TAPIS BOLAND, Official Gazette 10-08-2022.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €108,983
Equity
€104,836 ▼ 12.7%
Debt
€4,147 ▼ 71.0%
Debt's share of the balance-sheet total falls from 10.6% to 3.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,826▲
2024 · -€116,211
Cash flow
-€15,239▲
2024 · -€116,202
Current ratio
26.28▲
2024 · 8.87
Debt to equity
0.04▼
2024 · 0.12
ROE
-14.5%▲
2024 · -103.9%
ROA
-14.0%▲
2024 · -92.9%
Interest coverage
-41.44▲
2024 · -233.36
Debt ≤ 1 year
€4,147▼
2024 · €13,399
Income taxes
€6,487▲
2024 · -€4
Staff costs
-€154▼
2024 · €40,770
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 8 | 2 |
| full-time | 6 | 2 |
| part-time | 2 | - |
| in full-time equivalents | 7 | 2 |
| Average over the year, in full-time equivalents | 7 | 1.4 |
| On a permanent contract | 5 | 2 |
| Joined | 3 | 1 |
| Left | 4 | 0 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,215 | €28,011 | €16,405 | €575 | - |
| Depreciation and write-downs of the year | €46,641 | €10,673 | €11,283 | €8,568 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €703,314 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €247,820 | €53,881 | €48,136 | €40,770 | -€154 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,685 | €47,395 | €45,856 | €46,641 | €10,673 | €11,283 | €8,568 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10,624 | €2,687 | €2,356 | -€423 | €0 | - |
| Other operating charges640/8 | - | - | - | €6,226 | €505 | €1,103 | €28,233 | €18,901 | ▼ 33.1% |
| Gross operating margin9900 | €238,204 | €298,642 | €301,786 | €422,411 | €72,866 | €97,421 | -€47,631 | €9,921 | - |
| Operating profit (loss)9901 | €14,920 | €24,989 | €27,347 | €111,100 | €5,120 | €34,543 | -€124,779 | -€8,826 | ▲ 92.9% |
| Financial income75/76B | - | - | - | €1 | - | €698 | €503 | €287 | ▼ 42.9% |
| Recurring financial income75 | €63 | €63 | €63 | €1 | - | €698 | €503 | €287 | ▼ 42.9% |
| Financial charges65/66B | - | - | - | €4,119 | €1,532 | €1,006 | €498 | €213 | ▼ 57.2% |
| Recurring financial charges65 | €2,720 | €3,396 | €3,347 | €4,119 | €1,532 | €1,006 | €498 | €213 | ▼ 57.2% |
| Profit (loss) for the period before taxes9903 | €12,263 | €21,655 | €24,063 | €106,982 | €3,588 | €34,235 | -€124,774 | -€8,752 | ▲ 93.0% |
| Income taxes67/77 | €1,761 | €6,816 | €8,463 | €31,214 | €2,466 | €7,501 | -€4 | €6,487 | - |
| Profit (loss) for the period9904 | €10,502 | €14,839 | €15,600 | €75,768 | €1,122 | €26,734 | -€124,770 | -€15,239 | ▲ 87.8% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €14,898 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €14,898 | - |
| Profit (loss) for the period to be appropriated9905 | €10,502 | €14,839 | €15,600 | €75,768 | €1,122 | €26,734 | -€124,770 | -€15,239 | ▲ 87.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €491,012 | €583,775 | €546,332 | €640,264 | €342,804 | €286,537 | €134,357 | €108,983 | ▼ 18.9% |
| Fixed assets21/28 | €153,670 | €187,234 | €171,795 | €132,503 | €55,840 | €60,962 | €15,535 | €0 | ▼ 100% |
| Intangible fixed assets21 | - | €22,500 | €20,000 | €17,500 | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €152,260 | €163,348 | €146,409 | €109,617 | €55,840 | €60,962 | €15,535 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €6,870 | €5,598 | €4,628 | €350 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €54,281 | €9,854 | €24,024 | €15,185 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | €34,155 | €28,463 | €22,770 | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €14,311 | €11,925 | €9,540 | €0 | - | - |
| Financial fixed assets28 | €1,410 | €1,386 | €5,386 | €5,386 | - | - | - | - | - |
| Current assets29/58 | €337,342 | €396,541 | €374,538 | €507,761 | €286,964 | €225,575 | €118,822 | €108,983 | ▼ 8.3% |
| Stocks and contracts in progress3 | €59,716 | €73,548 | €67,846 | €109,761 | €5,088 | €3,228 | €0 | - | - |
| Stocks30/36 | - | - | - | €109,761 | €5,088 | €3,228 | €0 | - | - |
| Amounts receivable within one year40/41 | €202,065 | €238,707 | €219,998 | €279,475 | €206,896 | €114,010 | €17,529 | €38,370 | ▲ 119% |
| Trade receivables40 | - | - | - | €269,903 | €183,107 | €108,895 | €1,147 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €9,572 | €23,789 | €5,115 | €16,382 | €38,370 | ▲ 134% |
| Current investments50/53 | €57,108 | €57,159 | €57,204 | €57,194 | €57,183 | €57,299 | €57,546 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €8,207 | €17,633 | €21,195 | €55,068 | €15,508 | €50,004 | €43,747 | €70,613 | ▲ 61.4% |
| Deferred charges and accrued income490/1 | - | - | - | €6,263 | €2,289 | €1,034 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €491,012 | €583,775 | €546,332 | €640,264 | €342,804 | €286,537 | €134,357 | €108,983 | ▼ 18.9% |
| Equity10/15 | €254,801 | €269,640 | €285,240 | €361,008 | €218,112 | €244,846 | €120,076 | €104,836 | ▼ 12.7% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €63,819 | €63,819 | €63,819 | €63,819 | = |
| Capital10 | - | - | - | €100,000 | €63,819 | - | - | - | - |
| Issued capital100 | - | - | - | €100,000 | €63,819 | - | - | - | - |
| Reserves13 | €64,843 | €79,682 | €95,282 | €171,050 | €95,761 | €95,761 | €95,761 | €95,761 | = |
| Non-distributable reserves130/1 | - | - | - | €147,705 | €80,863 | €80,863 | €80,863 | €80,863 | = |
| Legal reserve130 | - | - | - | €10,000 | €6,382 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €137,705 | €74,481 | €80,863 | €80,863 | €80,863 | = |
| Tax-exempt reserves132 | - | - | - | €23,345 | €14,898 | €14,898 | €14,898 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | - | - | - | €14,898 | - |
| Profit (loss) carried forward14 | €89,958 | €89,958 | €89,958 | €89,958 | €58,532 | €85,266 | -€39,504 | -€54,744 | ▼ 38.6% |
| Amounts payable17/49 | €236,211 | €314,135 | €261,092 | €279,256 | €124,692 | €41,691 | €14,281 | €4,147 | ▼ 71.0% |
| Amounts payable after more than one year17 | €104,815 | €93,674 | €72,912 | €41,060 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €41,060 | - | - | - | - | - |
| Amounts payable within one year42/48 | €129,759 | €217,848 | €185,059 | €236,355 | €123,428 | €34,972 | €13,399 | €4,147 | ▼ 69.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €99,309 | €24,775 | €1,387 | €0 | - | - |
| Trade debts44 | €35,864 | €29,251 | €21,180 | €62,983 | €61,961 | €15,431 | €1,395 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €62,983 | €61,961 | €15,431 | €1,395 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | - | - | €220 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €73,843 | €13,303 | €18,059 | €12,004 | €4,147 | ▼ 65.5% |
| Taxes450/3 | - | - | - | €22,334 | €8,006 | €12,854 | €4,500 | €4,147 | ▼ 7.8% |
| Remuneration and social security454/9 | - | - | - | €51,509 | €5,297 | €5,205 | €7,504 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | €23,389 | €95 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,841 | €1,264 | €6,719 | €882 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,502 | €14,839 | €15,600 | €75,768 | €1,122 | €26,734 | -€124,770 | -€15,239 | ▲ 87.8% |
| + Depreciation and write-downs630 | €34,685 | €47,395 | €45,856 | €46,641 | €10,673 | €11,283 | €8,568 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €45,187 | €62,234 | €61,456 | €122,409 | €11,795 | €38,017 | -€116,202 | -€15,239 | ▲ 86.9% |
| Investment in fixed assets (approximation) | - | -€80,959 | -€30,416 | -€7,349 | €65,990 | -€16,405 | €36,859 | €15,535 | ▼ 57.9% |
| Change in cash | - | €9,426 | €3,562 | €33,873 | -€39,560 | €34,496 | -€6,257 | €26,866 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-03-2026 | 2026-00067573 | |
| 31-12-2024 | full format | 30-05-2025 | 2025-00111404 | |
| 31-12-2023 | full format | 06-06-2024 | 2024-00112428 | |
| 31-12-2022 | full format | 19-06-2023 | 2023-00135598 | |
| 31-12-2021 | full format | 31-05-2022 | 2022-20038107 | |
| 31-12-2020 | full format | 25-06-2021 | 2021-24500317 | |
| 31-12-2019 | full format | 04-06-2020 | 2020-14600235 | |
| 31-12-2018 | full format | 21-06-2019 | 2019-20800475 | |
| 31-12-2017 | full format | 06-06-2018 | 2018-16300556 | |
| 31-12-2016 | full format | 07-06-2017 | 2017-15800302 |