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Facero

Active
Private limited companyfounded 20223 yrs activeEdmond Thieffrylaan 102, 2640 Mortsel, BelgiumKBO/BCE: BE 0794.969.141
Summary

The computed 12-month bankruptcy probability of Facero is 3.3% (moderate). The 2024 annual accounts show equity of €1,631 and a net result of €1,139. Its solvency ranks better than 11% of 36380 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability46▲+3
Solvency29=
Growth52
Track record94
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.85 against 0.79 in 2023; short-term debt: 94.4% and cash: 8% of total assets), and 95.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
4.4%
Return on assets
3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 36380 sector peers (2024).
NBB · sector comparison
Position among 36380 sector peers
Solvency
better than 11%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
37 d early
2023
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 19 December 2022, Facero was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€1,631▲ 20.8%
2023 · €1,351
Total assets
€37,458▲ 17.2%
2023 · €31,965
Net result
€1,139▼ 3.8%
2023 · €1,184
Working capital
-€5,132▲ 19.9%
2023 · -€6,406
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€2,865-€3,111▲ 8.6%
Net result€1,184-€1,139▼ 3.8%
Equity€1,351-€1,631▲ 20.8%
Total assets€31,965-€37,458▲ 17.2%
Debt€30,614-€35,827▲ 17.0%
Working capital-€6,406--€5,132▲ 19.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€1,000€2,000€3,000Operating result 2023: €2,865€2,865Net result 2023: €1,184€1,184Operating result 2024: €3,111€3,111Net result 2024: €1,139€1,13920232024€0€1,000€2,000€3,000Operating result 2023: €2,865€2,860Net result 2023: €1,184€1,180Operating result 2024: €3,111€3,110Net result 2024: €1,139€1,14020232024
The operating result rises in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37,458
Fixed assets €7,242 ▼ 12.9%
Current assets €30,217 ▲ 27.7%
Equity and liabilities €37,458
Equity €1,631 ▲ 20.8%
Debt €35,827 ▲ 17.0%
Debt's share of the balance-sheet total falls from 95.8% to 95.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€5,259▲
2023 · €3,663
Cash flow
€3,288▲
2023 · €1,983
Current ratio
0.85▲
2023 · 0.79
Quick ratio
0.77▼
2023 · 0.79
Debt to equity
21.96▼
2023 · 22.66
ROE
69.8%▼
2023 · 87.6%
ROA
3.0%▼
2023 · 3.7%
Interest coverage
2.85▲
2023 · 2.31
Debt ≤ 1 year
€35,349▲
2023 · €30,060
Income taxes
€128▲
2023 · €92
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
4.9% went bankrupt
2.1% stopped otherwise
92% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,136 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€31,965€37,458▲
Fixed assets21/28€8,311€7,242▼
Tangible fixed assets22/27€8,061€6,992▼
Plant, machinery and equipment23€860€1,353▲
Furniture and vehicles24€7,201€5,639▼
Financial fixed assets28€250€250=
Current assets29/58€23,654€30,217▲
Stocks and contracts in progress3-€2,959
Stocks30/36-€2,959
Amounts receivable within one year40/41€14,681€17,079▲
Trade receivables40€12,107€17,072▲
Other amounts receivable41€2,573€8▼
Cash at bank and in hand54/58€1,398€2,979▲
Deferred charges and accrued income490/1€7,575€7,199▼
Equity and liabilities
Total equity and liabilities10/49€31,965€37,458▲
Equity10/15€1,351€1,631▲
Contributions10/11€1,000€1,000=
Reserves13€351€631▲
Distributable reserves133€351€631▲
Amounts payable17/49€30,614€35,827▲
Amounts payable within one year42/48€30,060€35,349▲
Trade debts44€3,205€5,919▲
Suppliers440/4€3,205€5,919▲
Taxes, remuneration and social security45€1,592€2,808▲
Taxes450/3€92€1,308▲
Remuneration and social security454/9€1,500€1,500=
Other amounts payable47/48€25,262€26,621▲
Accrued charges and deferred income492/3€554€478▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€799€2,148▲
Other operating charges640/8€620€748▲
Gross operating margin9900€4,283€6,007▲
Operating profit (loss)9901€2,865€3,111▲
Financial charges65/66B€1,588€1,843▲
Recurring financial charges65€1,588€1,843▲
Profit (loss) for the period before taxes9903€1,276€1,267▼
Income taxes67/77€92€128▲
Profit (loss) for the period9904€1,184€1,139▼
Profit (loss) for the period to be appropriated9905€1,184€1,139▼
Appropriation of the result
Profit (loss) to be appropriated9906€1,184€1,139▼
Transfer to equity691/2€351€280▼
To other reserves6921€351€280▼
Profit to be distributed694/7€833€859▲
Return on contributions (dividend)694€833€859▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€799€2,148▲ 169%
Other operating charges640/8€620€748▲ 20.7%
Gross operating margin9900€4,283€6,007▲ 40.3%
Operating profit (loss)9901€2,865€3,111▲ 8.6%
Financial charges65/66B€1,588€1,843▲ 16.1%
Recurring financial charges65€1,588€1,843▲ 16.1%
Profit (loss) for the period before taxes9903€1,276€1,267▼ 0.7%
Income taxes67/77€92€128▲ 38.5%
Profit (loss) for the period9904€1,184€1,139▼ 3.8%
Profit (loss) for the period to be appropriated9905€1,184€1,139▼ 3.8%
Line20232024Change
Assets
Total assets20/58€31,965€37,458▲ 17.2%
Fixed assets21/28€8,311€7,242▼ 12.9%
Tangible fixed assets22/27€8,061€6,992▼ 13.3%
Plant, machinery and equipment23€860€1,353▲ 57.3%
Furniture and vehicles24€7,201€5,639▼ 21.7%
Financial fixed assets28€250€250=
Current assets29/58€23,654€30,217▲ 27.7%
Stocks and contracts in progress3-€2,959-
Stocks30/36-€2,959-
Amounts receivable within one year40/41€14,681€17,079▲ 16.3%
Trade receivables40€12,107€17,072▲ 41.0%
Other amounts receivable41€2,573€8▼ 99.7%
Cash at bank and in hand54/58€1,398€2,979▲ 113%
Deferred charges and accrued income490/1€7,575€7,199▼ 5.0%
Equity and liabilities
Total equity and liabilities10/49€31,965€37,458▲ 17.2%
Equity10/15€1,351€1,631▲ 20.8%
Contributions10/11€1,000€1,000=
Reserves13€351€631▲ 79.9%
Distributable reserves133€351€631▲ 79.9%
Amounts payable17/49€30,614€35,827▲ 17.0%
Amounts payable within one year42/48€30,060€35,349▲ 17.6%
Trade debts44€3,205€5,919▲ 84.7%
Suppliers440/4€3,205€5,919▲ 84.7%
Taxes, remuneration and social security45€1,592€2,808▲ 76.4%
Taxes450/3€92€1,308▲ 1,316%
Remuneration and social security454/9€1,500€1,500=
Other amounts payable47/48€25,262€26,621▲ 5.4%
Accrued charges and deferred income492/3€554€478▼ 13.7%
Line20232024Change
Profit (loss) for the period9904€1,184€1,139▼ 3.8%
+ Depreciation and write-downs630€799€2,148▲ 169%
Operating cash flow (approximation)€1,983€3,288▲ 65.8%
Investment in fixed assets (approximation)--€1,079-
Change in cash-€1,581-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Mortsel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
233 m²
Building footprint
71 m²
Volume, LiDAR
535 m³
Parcel 11513C0129/00W005, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Facero
Edmond Thieffrylaan 102, 2640 MortselGeneral electrical installation work
since 20232.339.356.027
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11513C0129/00W005 Flanders 233 m² 1 · 71 m² 11.5 m · 3 fl.
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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 4 entries · 19,934 EUR awarded · 19,934 EUR paid
Year Entries awardedpaid
2025 1 5,035 EUR5,035 EUR
2024 1 7,247 EUR7,247 EUR
2023 2 7,652 EUR7,652 EUR
Schemes
3 entries · 19,320 EUR · 19,320 EUR paid · Departement Werk en Sociale Economie
1 entry · 614 EUR · 614 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 1,239 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
Founded19-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43310Plastering work
43331Floor and wall tiling
43341Painting of buildings
47120Other non-specialised retail sale
49420Removal services
74201Photography, excluding press photography
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794969141
Also 9925:BE0794969141
Registered 04-03-2024

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.