Active BE 0843.691.053Private limited company

FABADI

Kasteelstraat 1 ·1700 Dilbeek, Belgium· 14 yrs active

Conclusion Checked

FABADI has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €8k. Equity is growing by ~36.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€32k
Net result	€8k
Active	14 yrs
Board	1

Financial profile 5 of 5 axes measured · computed by Checked

68 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51

Profitability 100

Solvency 10

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.0% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

51 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€2k

estimate, not credit advice

Score history

38 2021

51 2022

43 2023

43 2024

51 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.19 (< 1.0) -10

Quick ratio Quick ratio 0.19 (< 0.6) -5

Leverage Debt/equity 5.75 (> 3.0) -10

Profitability ROE 24% (≥ 10%) +10

Interest coverage Interest coverage 4.6× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview14 NBB filings

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~36.6%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€25k

+5.5% 21-25

Net profit

€8k

+20.3% 21-25

Cash flow

€16k

+8.9% 21-25

Total assets

€219k

-0.2% 21-25

Equity

€32k

+30.8% 21-25

Working capital

€-60k

-1.3% 21-25

Income taxes

€4k

+20.4% 21-25

Debt

€187k

-4.1% 21-25

Debt ≤ 1y

€74k

+13.1% 21-25

Debt > 1y

€112k

-12.6% 21-25

Current ratio

0.19

+95.3% 21-25

Quick ratio

0.19

+95.3% 21-25

Solvency

14.8%

+31.0% 21-25

Debt / equity

5.75

-26.7% 21-25

ROE

23.6%

-8.0% 21-25

ROA

3.5%

+20.5% 21-25

Interest coverage

4.57

+17.6% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€25k	€24k	€21k	€22k	€23k
Net profit	€8k	€6k	€6k	€7k	€6k
Cash flow	€16k	€15k	€15k	€15k	€15k
Staff costs	-	-	-	-	-
Income taxes	€4k	€3k	-	-	-
Dividends	-	-	-	-	-
Total assets	€219k	€219k	€224k	€252k	€245k
Equity	€32k	€25k	€18k	€12k	€5k
Debt	€187k	€195k	€205k	€240k	€240k
of which ≤ 1y	€74k	€66k	€61k	€81k	€66k
of which > 1y	€112k	€128k	€144k	€159k	€174k
Working capital	€-60k	€-59k	€-59k	€-58k	€-59k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.19	0.10	0.04	0.28	0.11
Quick ratio	0.19	0.10	0.04	0.28	0.11
Working capital ratio	-27.4%	-27.0%	-26.2%	-23.1%	-24.1%
Solvency	14.8%	11.3%	8.3%	4.8%	2.1%
Debt / equity	5.75	7.84	11.12	20.03	47.03
Long-term debt ratio	3.46	5.18	7.81	13.26	34.05
Interest coverage	4.57	3.89	3.18	3.06	2.82
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	3.5%	2.9%	2.9%	2.7%	2.6%
ROE	23.6%	25.6%	35.0%	57.5%	126.4%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €205k · 93.4% Current assets €14k · 6.6%

Equity & liabilities

Equity €32k · 14.8% Debt €187k · 85.2%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€219k	€219k	€224k	€252k	€245k
Fixed assets	21/28	€205k	€213k	€221k	€229k	€238k
Tangible fixed assets	22/27	€205k	€213k	€221k	€229k	€238k
Current assets	29/58	€14k	€7k	€3k	€23k	€7k
Amounts receivable within one year	40/41	€674	-	-	-	-
Cash & bank	54/58	€14k	€7k	€3k	€23k	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€219k	€219k	€224k	€252k	€245k
Equity	10/15	€32k	€25k	€18k	€12k	€5k
Contributions / capital	10/11	€19k	€19k	€19k	€19k	€19k
Reserves	13	€14k	€6k	-	-	-
Accumulated profits (losses)	14	-	-	€-145	€-7k	€-14k
Amounts payable	17/49	€187k	€195k	€205k	€240k	€240k
Amounts payable after one year	17	€112k	€128k	€144k	€159k	€174k
Amounts payable within one year	42/48	€74k	€66k	€61k	€81k	€66k
Income statement
Gross operating margin	9900	€27k	€26k	€23k	€24k	€24k
Operating result	9901	€17k	€16k	€13k	€14k	€14k
Financial charges	65	€6k	€6k	€7k	€7k	€8k
Result before taxes	9903	€11k	€10k	€6k	€7k	€6k
Income taxes	67/77	€4k	€3k	-	-	-
Net result for the period	9904	€8k	€6k	€6k	€7k	€6k
Result to be appropriated	9905	€8k	€6k	€6k	€7k	€6k

Directors & mandates 1 directors

Current directors & mandates

Greco Fabio
Director
State Gazette act 23450091 (08-12-2023)

Current
08-12-2023 → present

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	15-02-2012
Status	Active
Postal code	1700

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23016D0153/00V000	Flanders	864 m²	1 · 123 m²	13.5 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Highest result since 2021net €8k ▲20.3%

Operating result €17k, net result €8k, both a record.

29-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €6k ▼1.5%

Net result drops to €6k, the lowest in the series; recovery starts the following year.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

08-12

State Gazette act Director changes

Harold BAUWENS

22-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

20-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

12-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

28-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

24-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

18-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

03-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

08-12-2023 Greco Fabio appointed as director Director changes·Harold BAUWENS

Greco Fabio, Bestuurder

Notary: Harold BAUWENS · Dilbeek

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

FABADI