FACOTECH
ActiveSummary
The computed 12-month bankruptcy probability of FACOTECH is 1.5% (moderate). The 2024 annual accounts show equity of €581k and a net result of €164k. Equity is growing by ~68.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 6537 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-3
Solvency69▲+7
Growth85=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.47 in 2023; short-term debt: 49.7% and cash: 27.4% of total assets), but 56.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 23-06-2025, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
15 d early
2022
9 d early
2021
43 d late
2020
19 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, full schema
Turnover
€2.74M▲ 18.8%
2021 · €2.30M
EBIT margin
5.1%=
2021 · 5.1%
Net result
€164k▼ 2.1%
2023 · €168k
Working capital
€558k▲ 69.8%
2023 · €329k
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
Line20202021202220232024
Turnover€1.65M▲ 106%€2.30M▲ 39.5%€2.74M▲ 18.8%
Operating result€68k▲ 144%€118k▲ 73.8%€140k▲ 18.3%€222k▲ 58.6%€275k▲ 23.7%
Net result€58k▲ 203%€64k▲ 11.0%€89k▲ 37.7%€168k▲ 88.7%€164k▼ 2.1%
EBIT margin4.1%▲ 0.6pp5.1%▲ 1.0pp5.1%=
Equity€113k▲ 166%€177k▲ 57.1%€266k▲ 50.0%€417k▲ 56.7%€581k▲ 39.3%
Total assets€545k▲ 76.0%€737k▲ 35.4%€834k▲ 13.1%€1.12M▲ 34.8%€1.32M▲ 17.8%
Debt€432k▲ 61.7%€560k▲ 29.7%€568k▲ 1.4%€707k▲ 24.5%€743k▲ 5.1%
Working capital€81k▲ 2,098%€151k▲ 85.3%€245k▲ 62.5%€329k▲ 34.1%€558k▲ 69.8%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.32M
Fixed assets
€107k ▲ 21.6%
Current assets
€1.22M ▲ 17.5%
Equity and liabilities €1.32M
Equity
€581k ▲ 39.3%
Debt
€743k ▲ 5.1%
Debt's share of the balance-sheet total falls from 62.9% to 56.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€288k▲
2023 · €236k
Cash flow
€177k▼
2023 · €182k
Current ratio
1.85▲
2023 · 1.47
Quick ratio
1.09▲
2023 · 0.82
Debt to equity
1.28▼
2023 · 1.70
ROE
28.2%▼
2023 · 40.2%
ROA
12.4%▼
2023 · 14.9%
Interest coverage
19.48▲
2023 · 14.62
Debt ≤ 1 year
€659k▼
2023 · €707k
Debt > 1 year
€84k
Income taxes
€101k▲
2023 · €42k
Staff costs
€58k▲
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.65M | €2.30M | €2.74M | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €2.13M | €2.54M | - | - | - |
| Remuneration, social security and pensions62 | - | €41k | €43k | €45k | €58k | ▲ 28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €9k | €10k | €14k | €13k | ▼ 6.9% |
| Other operating charges640/8 | - | €12k | €10k | €14k | €40k | ▲ 192% |
| Gross operating margin9900 | €110k | €180k | €203k | €295k | €385k | ▲ 30.7% |
| Operating profit (loss)9901 | €68k | €118k | €140k | €222k | €275k | ▲ 23.7% |
| Financial income75/76B | - | €10k | €52 | €4k | €6k | ▲ 43.6% |
| Recurring financial income75 | €2k | €10k | €52 | €1k | €4k | ▲ 162% |
| Non-recurring financial income76B | - | - | - | €3k | €2k | ▼ 18.8% |
| Financial charges65/66B | - | €11k | €16k | €16k | €15k | ▼ 8.6% |
| Recurring financial charges65 | €6k | €11k | €16k | €16k | €15k | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €63k | €117k | €124k | €210k | €265k | ▲ 26.6% |
| Income taxes67/77 | €5k | €52k | €35k | €42k | €101k | ▲ 141% |
| Profit (loss) for the period9904 | €58k | €64k | €89k | €168k | €164k | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | €58k | €64k | €89k | €168k | €164k | ▼ 2.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €545k | €737k | €834k | €1.12M | €1.32M | ▲ 17.8% |
| Fixed assets21/28 | €31k | €26k | €21k | €88k | €107k | ▲ 21.6% |
| Tangible fixed assets22/27 | €31k | €26k | €21k | €88k | €107k | ▲ 21.6% |
| Plant, machinery and equipment23 | - | €7k | €6k | €13k | €11k | ▼ 16.3% |
| Furniture and vehicles24 | - | €19k | €14k | €20k | €35k | ▲ 80.1% |
| Other tangible fixed assets26 | - | €1k | €998 | €56k | €61k | ▲ 9.8% |
| Financial fixed assets28 | €500 | - | - | - | - | - |
| Current assets29/58 | €513k | €711k | €813k | €1.04M | €1.22M | ▲ 17.5% |
| Stocks and contracts in progress3 | €310k | €383k | €428k | €456k | €497k | ▲ 9.1% |
| Stocks30/36 | - | €383k | €428k | €456k | €497k | ▲ 9.1% |
| Amounts receivable within one year40/41 | €83k | €155k | €229k | €336k | €346k | ▲ 2.9% |
| Trade receivables40 | - | €155k | €229k | €336k | €346k | ▲ 2.9% |
| Cash at bank and in hand54/58 | €119k | €171k | €149k | €237k | €363k | ▲ 53.1% |
| Deferred charges and accrued income490/1 | - | €1k | €7k | €7k | €11k | ▲ 64.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €545k | €737k | €834k | €1.12M | €1.32M | ▲ 17.8% |
| Equity10/15 | €113k | €177k | €266k | €417k | €581k | ▲ 39.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Other1319 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €92k | €157k | €246k | €396k | €560k | ▲ 41.4% |
| Amounts payable17/49 | €432k | €560k | €568k | €707k | €743k | ▲ 5.1% |
| Amounts payable after more than one year17 | - | - | - | - | €84k | - |
| Financial debts170/4 | - | - | - | - | €84k | - |
| Amounts payable within one year42/48 | €432k | €560k | €568k | €707k | €659k | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €43k | €25k | €22k | €40k | ▲ 82.1% |
| Financial debts43 | - | €100k | €100k | €100k | €100k | = |
| Credit institutions430/8 | - | €100k | €100k | €100k | €100k | = |
| Trade debts44 | €196k | €293k | €307k | €456k | €489k | ▲ 7.2% |
| Suppliers440/4 | - | €293k | €307k | €456k | €489k | ▲ 7.2% |
| Taxes, remuneration and social security45 | - | €36k | €37k | €36k | €30k | ▼ 16.7% |
| Taxes450/3 | - | €21k | €30k | €30k | €26k | ▼ 12.7% |
| Remuneration and social security454/9 | - | €15k | €7k | €6k | €4k | ▼ 36.3% |
| Other amounts payable47/48 | - | €88k | €99k | €93k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €250 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €64k | €89k | €168k | €164k | ▼ 2.1% |
| + Depreciation and write-downs630 | €11k | €9k | €10k | €14k | €13k | ▼ 6.9% |
| Operating cash flow (approximation) | €69k | €74k | €99k | €182k | €177k | ▼ 2.5% |
| Investment in fixed assets (approximation) | - | €-4k | €-4k | €-82k | €-32k | ▲ 60.4% |
| Change in cash | - | €52k | €-22k | €88k | €126k | ▲ 43.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500kEq €581k ▲39.3%
7 profitable years in a row build equity to €581k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €168k ▲88.7%
Net result €168k, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €266k ▲50%
5 profitable years in a row build equity to €266k.
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-12
Financial
Equity above €150kEq €177k ▲57.1%
4 profitable years in a row build equity to €177k.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €113k ▲166%
3 profitable years in a row build equity to €113k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Schaarbeek · 1 establishment unit since 2017
Ground area
2,103 m²
Building footprint
433 m²
Volume, LiDAR
2,590 m³
Parcel 21902A0274/00S003, Brussels · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
FACO-TECH
since 20172.265.342.651
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0274/00S003 | Brussels | 2,103 m² | 1 · 433 m² | 11.7 m · 2 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.
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Of 212 companies in sector 47527 we hold annual accounts for 146. 93 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
Founded20-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47527Retail trade
46130Agents in the wholesale of timber and building materials
Scores and ratios are computed by Checked and are not a credit decision.