Losses
-€27,091 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
FABES
Lifetime
11 annual accounts with figures on one time axispeak €102,594 (2025)
€102,594▲ 10.7%
lowest -€11,616 (2023)
-€5,993▲ €3,489
peak €106,251 (2022)
€79,160▼ 7.0%
€43,804▼ 0.1%
peak 1.4 FTE (2020)
-not published
Board2 names since 2021
2 directorsFabian Martens and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Loss of €5,993Investments €2,190Cash from €37,790 to €51,618
Key points
from the 2025 annual accountsInvestments
€2,190 3.8 × depreciation
Green is investment, beige is depreciation.
Staff
2 employees on 31-12-2025
In 2025, 15 people joined and 15 left.
Checked score
89
Excellent
Financially stronger than 55% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.7%▲ +0.1 percentage points vs 01-2025
03-2025: 0.6%▼ -0.1 percentage points vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%▼ -0.1 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.5%▼ -0.2 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 2.71, cash €51,618
Equity €79,160 (64.4% of total assets)
Founded in 2014
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 80% of them on solvency, 87% on liquidity, 22% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as FABES has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FABES itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for FABES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.71 (2.88 in 2024), above the usual 1.5. Short-term debt is 35.6% and cash 42% of total assets. 35.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,993
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
29 days early
2023
22 days early
2022
1 day late
2021
30 days late
2020
31 days late
2019
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0550425015
Appointment: Esmeralda Ceka (director)
General meeting of 23-05-2023 · Gazette deed
Change of role: Fabian Martens, from manager to director
General meeting of 17-06-2021 · Gazette deed
Incorporation
published on 17-04-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FABES Ghent | €122,964 | €102,594 | 64.4% | - |
| MB Import Sint-Gillis (bij-Brussel) | €121,041 | €88,543 | 82.6% | - |
| VEROKIS Ichtegem | €114,962 | €116,597 | 51.4% | - |
| SHAR Antwerp | €111,517 | €91,814 | 30.9% | - |
| DEN DON Heist-op-den-Berg | €113,564 | €88,214 | 48.0% | - |
| L&S Concept Maasmechelen | €144,428 | €97,366 | 33.0% | - |
| DEFAM Sambreville | €104,934 | €94,542 | 18.8% | - |
These companies have the same main activity as FABES: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €105,000 and €144,000, founded between 2013 and 2014.
Official details
Source: KBO- Status
- Active since 04-04-2014Normal situation
- Activity
- Cafés and barsNACE 56301
- Establishment unit
- 2.229.596.8649000 Ghent, since 04-04-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- ≈ €270,000estimated
- €122,964▼ 4.7%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on FABES
FABES files the micro format. That format states no turnover. The gross margin rose from €53,583 in 2015 to €102,594 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FABES
- What is the company number of FABES?
- The company number of FABES is 0550.425.015. The VAT number is the same number with BE in front: BE 0550.425.015.
- Where is FABES based?
- The registered office is at Vrijdagmarkt 46, 9000 Ghent.Company details
- What does FABES do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of FABES?
- FABES is a private limited company (BV).
- When was FABES founded?
- FABES was founded on 04-04-2014.
- Is FABES still active?
- Yes, FABES is an active enterprise in the KBO register.
- How many employees does FABES have?
- FABES had an average of 2.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FABES?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €102,594 and 32 comparable companies (NACE 56301). It probably lies between €240,000 and €350,000.
- Is FABES profitable?
- In financial year 2025, FABES made a loss of €5,993.
- Where can I find the annual accounts of FABES?
- FABES filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FABES due?
- FABES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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