FABY
ActiveSummary
FABY has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €277,361 and a net result of -€95,195. Equity is shrinking by about 8.9% per year across the filed financial years. Its solvency ranks better than 24% of 5,756 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Equity
- €277,361
- Loss
- -€95,195
- Parent
- IMMO RETAIL · 100%
- Holdings
- 1
- ARDENT INVESTManaging director · permanent representative Nicolas LEONARD
- Emmanuel MEWISSENDirector
Why 77raises risk1 change of registered office in 24 monthsLatest accounts 28 days late; 2 of the last 3 latelowers riskSize: total assets €2.6mFigures for financial year 2025 (filed 28-08-2026)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 30% on solvency, 6% on liquidity, 15% on profitability and 14% on growth.
The bankruptcy probability was computed on 22-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 63 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Resignations: GESTBEL, GESTION LOISIRS and Nicolas…Permanent representatives: Jean-Marie LEONARD, Emmanuel…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440299.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €7,912 in 2025 against €1,792 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96.4% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,507 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,976 | €14,566 | €14,566 | €59,678 | €86,287 | €86,287 | €86,332 | €90,226 | ▲ 4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €5,085 | €245 | ▼ 95.2% |
| Other operating charges640/8 | - | - | - | €4,854 | €12,397 | €19,045 | €13,570 | €20,427 | ▲ 50.5% |
| Gross operating margin9900 | €86,495 | €623,965 | €20,228 | €12,627 | €94,043 | €106,611 | €103,194 | €102,987 | ▼ 0.2% |
| Operating profit (loss)9901 | €61,739 | €602,341 | €1,519 | -€51,905 | -€4,641 | €1,278 | -€1,792 | -€7,912 | ▼ 341% |
| Financial income75/76B | - | - | - | €12,900 | €6,046 | €10,536 | €3,536 | €56 | ▼ 98.4% |
| Recurring financial income75 | €2,212 | €2,627 | €8,461 | €12,900 | €6,046 | €10,536 | €3,536 | €56 | ▼ 98.4% |
| Financial charges65/66B | - | - | - | €5,607 | €44,584 | €105,042 | €110,624 | €87,339 | ▼ 21.0% |
| Recurring financial charges65 | €3,580 | €3,240 | €3,223 | €5,607 | €44,584 | €105,042 | €110,624 | €87,339 | ▼ 21.0% |
| Profit (loss) for the period before taxes9903 | €60,371 | €601,728 | €6,757 | -€44,612 | -€43,180 | -€93,229 | -€108,880 | -€95,195 | ▲ 12.6% |
| Transfer from deferred taxes780 | - | - | - | €520 | €6,552 | €6,552 | €0 | - | - |
| Income taxes67/77 | €15,753 | €33,708 | €1,879 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €45,973 | €445,014 | €4,878 | -€44,092 | -€36,628 | -€86,676 | -€108,880 | -€95,195 | ▲ 12.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,559 | €19,656 | €19,656 | €28,712 | €27,460 | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €49,200 | €69,191 | €4,878 | -€42,533 | -€16,971 | -€67,020 | -€80,168 | -€67,735 | ▲ 15.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.9m | €0.8m | €2.8m | €2.9m | €2.8m | €2.6m | €2.6m | ▼ 2.5% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €2.6m | €2.5m | €2.6m | €2.5m | €2.5m | ▼ 1.6% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €2.2m | €2.1m | €2.1m | €2.0m | €2.0m | ▼ 2.0% |
| Land and buildings22 | - | - | - | €2.0m | €1.9m | €1.8m | €1.7m | €1.6m | ▼ 5.0% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.008m | €0.04m | ▲ 417% |
| Assets under construction and advance payments27 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 5.4% |
| Financial fixed assets28 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | = |
| Current assets29/58 | €0.1m | €0.8m | €0.7m | €0.2m | €0.4m | €0.2m | €0.09m | €0.07m | ▼ 26.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.6m | €0.008m | €0.4m | €0.1m | €0.06m | €0.04m | ▼ 42.4% |
| Trade receivables40 | - | - | - | €0.008m | €0.02m | €0.01m | €0.05m | €0.04m | ▼ 18.7% |
| Other amounts receivable41 | - | - | - | - | €0.3m | €0.1m | €0.02m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.01m | €0.6m | €0.06m | €0.2m | €0.03m | €0.07m | €0.03m | €0.03m | ▲ 2.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €0.001m | €41 | €0.001m | ▲ 2,292% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.9m | €0.8m | €2.8m | €2.9m | €2.8m | €2.6m | €2.6m | ▼ 2.5% |
| Equity10/15 | €0.1m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 25.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.04m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 5.8% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | ▼ 5.9% |
| Profit (loss) carried forward14 | €0.02m | €0.04m | €0.04m | €0.003m | -€0.01m | -€0.08m | -€0.2m | -€0.2m | ▼ 41.9% |
| Provisions and deferred taxes16 | €0.01m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0 | - | - |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.1m | €0 | - | - |
| Amounts payable17/49 | €0.3m | €0.3m | €0.2m | €2.2m | €2.4m | €2.3m | €2.3m | €2.3m | ▲ 1.3% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.09m | €0.05m | €0.03m | ▼ 35.3% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.09m | €0.05m | €0.03m | ▼ 35.3% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.06m | €2.0m | €2.2m | €2.2m | €2.2m | €2.2m | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.06m | €0.04m | €0.02m | ▼ 53.7% |
| Financial debts43 | - | - | - | €1.7m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Credit institutions430/8 | - | - | - | €1.7m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Trade debts44 | €290 | €0.02m | €0.007m | €0.008m | €0.01m | €0.01m | €0.03m | €0.02m | ▼ 32.1% |
| Suppliers440/4 | - | - | - | €0.008m | €0.01m | €0.01m | €0.03m | €0.02m | ▼ 32.1% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €64 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €64 | - |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.01m | €0.01m | €0.008m | €0.09m | ▲ 1,069% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 22.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.4m | €0.005m | -€0.04m | -€0.04m | -€0.09m | -€0.1m | -€0.1m | ▲ 12.6% |
| + Depreciation and write-downs630 | €0.02m | €0.01m | €0.01m | €0.06m | €0.09m | €0.09m | €0.09m | €0.09m | ▲ 4.5% |
| Operating cash flow (approximation) | €0.06m | €0.5m | €0.02m | €0.02m | €0.05m | -€389 | -€0.02m | -€0.005m | ▲ 78.0% |
| Investment in fixed assets (approximation) | - | €0.05m | €0 | -€2.5m | €0.001m | -€0.1m | -€0.02m | -€0.05m | ▼ 171% |
| Change in cash | - | €0.6m | -€0.6m | €0.1m | -€0.2m | €0.04m | -€0.04m | €0.001m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-08-2026 | 2026-00440299 |
| 31-12-2024 | full format | 18-12-2025 | 2025-00589277 |
| 31-12-2023 | full format | 31-08-2024 | 2024-00422486 |
| 31-12-2022 | full format | 31-08-2023 | 2023-00392695 |
| 31-12-2021 | full format | 30-09-2022 | 2022-20454602 |
| 31-12-2020 | full format | 30-07-2021 | 2021-44700541 |
| 31-12-2019 | full format | 30-12-2020 | 2020-77600329 |
| 31-12-2018 | full format | 31-08-2019 | 2019-62500106 |
| 31-12-2017 | full format | 31-08-2018 | 2018-61600098 |
| 31-12-2016 | full format | 30-08-2017 | 2017-55600295 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| ARDENT INVEST |
|
| Emmanuel MEWISSEN |
|
| GESTBEL |
|
| GESTION LOISIRS |
|
| Nicolas LEONARD |
|
Owners and capital
Owners
1 ownerChain of control
- IMMO RETAIL
- FABY
Highest known parent: IMMO RETAIL. The sources do not say who stands above it.
Owners 1
- IMMO RETAILparent100%
According to the 2025 annual accounts of FABY and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2025 annual accounts of FABY and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
59 connected companiesShow 55 more companies with a shared director
History
Acts, filings and financial milestones
17-03
Gazette deed
Resignations: GESTBEL, GESTION LOISIRS and Nicolas LEONARDPermanent representatives: Jean-Marie LEONARD, Emmanuel MEWISSEN and Nicolas LEONARD · Appointments: Emmanuel MEWISSEN (director) and ARDENT INVEST SA (director) · Director discharge21 facts ▸
- General meeting, 16-02-2026
- Director resignation, GESTBEL (administrateur et de facto administrateur délégué)
- Permanent representative, Jean-Marie LEONARD
- Director resignation, GESTION LOISIRS (administrateur et de facto administrateur délégué)
- Permanent representative, Emmanuel MEWISSEN
- Director resignation, Nicolas LEONARD (administrateur et de facto administrateur délégué)
- Director discharge, GESTBEL (director and managing director)
- Director discharge, GESTION LOISIRS (director and managing director)
- Director discharge, Nicolas LEONARD (director and managing director)
- Other provision, “administrateur et administrateur délégué, engagement examen décharge définitive à la prochaine assemblée générale ordinaire” (deed in French)
- Director appointment, Emmanuel MEWISSEN (director)
- Director appointment, ARDENT INVEST SA (director)
- +9 further facts in this act
06-10
Gazette deed
Appointments: GESTBEL SRL, GESTION LOISIRS SA and Nicolas LEONARDPermanent representatives: Jean-Marie LEONARD and Emmanuel MEWISSEN12 facts ▸
- Board meeting, 30-06-2025
- General meeting, 30-06-2025
- Director appointment, GESTBEL SRL (director) (2 times)
- Director appointment, GESTION LOISIRS SA (director) (2 times)
- Director appointment, Nicolas LEONARD (director) (2 times)
- Director appointment, GESTBEL SRL (managing director)
- Director appointment, GESTION LOISIRS SA (managing director)
- Director appointment, Nicolas LEONARD (managing director)
- Director appointment, GESTBEL SRL (chair of the board)
- Other provision, “actionnaire unique, prise de connaissance du projet de comptes annuels” (deed in French)
- Permanent representative, Jean-Marie LEONARD
- Permanent representative, Emmanuel MEWISSEN
14-11
Gazette deed
Permanent representatives: Emmanuel MEWISSEN and Jean-Marie LEONARDPower of attorney · Registered-office move9 facts ▸
- Board meeting, 16-10-2024
- Power of attorney, FABERFIN SRL
- Registered-office move, Rue des Guillemins 139/9,4000 Liège
- General meeting, 16-10-2024
- Director in office, GESTION LOISIRS (managing director)
- Permanent representative, Emmanuel MEWISSEN
- Director in office, GESTBEL (managing director and chair of the board)
- Permanent representative, Jean-Marie LEONARD
- Director in office, Nicolas LEONARD (managing director)
Show earlier events
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0432.190.824
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62814C0393/00V002 | Wallonia | 4,768 m² | - | - |