FACOTECH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 8 filings
Turnover
€2.7m▲ 18.8%
2021 · €2.3m
EBIT margin
5.1%=
2021 · 5.1%
Net result
€179,034▲ 9.2%
2024 · €164,005
Working capital
€743,095▲ 33.1%
2024 · €558,346
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€302,521
▲ 10.2%
2025
20182025
Net result
€179,034
▲ 9.2%
2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€759,983
▲ 30.8%
2025
highest quarter of the sector
20182025
Total assets
€1.6m
▲ 22.6%
2025
highest quarter of the sector
20182025
Debt
€863,409
▲ 16.2%
2025
20182025
Working capital
€743,095
▲ 33.1%
2025
highest quarter of the sector
20182025
Solvency
46.8%
▲ 2.9pp
2025
middle half of the sector
20182025
Current ratio
1.97
▲ 0.12
2025
middle half of the sector
20182025
Return on assets (ROA)
11.0%
▼ 1.4pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.7m-€0.8m▲ 13.4%€1.7m▲ 106%€2.3m▲ 39.5%€2.7m▲ 18.8%
Operating result€0.02m-€0.03m▲ 51.0%€0.07m▲ 144%€0.1m▲ 73.8%€0.1m▲ 18.3%€0.2m▲ 58.6%€0.3m▲ 23.7%€0.3m▲ 10.2%
Net result€0.02m-€0.02m▲ 12.7%€0.06mabove the sector's middle half▲ 203%€0.06mabove the sector's middle half▲ 11.0%€0.09mabove the sector's middle half▲ 37.7%€0.2mabove the sector's middle half▲ 88.7%€0.2mabove the sector's middle half▼ 2.1%€0.2mabove the sector's middle half▲ 9.2%
EBIT margin2.6%-3.5%▲ 0.9pp4.1%▲ 0.6pp5.1%▲ 1.0pp5.1%=
Equity€0.02m-€0.04m▲ 82.6%€0.1mabove the sector's middle half▲ 166%€0.2mabove the sector's middle half▲ 57.1%€0.3mabove the sector's middle half▲ 50.0%€0.4mabove the sector's middle half▲ 56.7%€0.6mwithin the sector's middle half▲ 39.3%€0.8mabove the sector's middle half▲ 30.8%
Total assets€0.2m-€0.3m▲ 75.4%€0.5mabove the sector's middle half▲ 76.0%€0.7mabove the sector's middle half▲ 35.4%€0.8mabove the sector's middle half▲ 13.1%€1.1mabove the sector's middle half▲ 34.8%€1.3mwithin the sector's middle half▲ 17.8%€1.6mabove the sector's middle half▲ 22.6%
Debt€0.2m-€0.3m▲ 74.4%€0.4m▲ 61.7%€0.6m▲ 29.7%€0.6m▲ 1.4%€0.7m▲ 24.5%€0.7m▲ 5.1%€0.9m▲ 16.2%
Working capital€0.01m-€0.004m▼ 67.8%€0.08mabove the sector's middle half▲ 22×€0.2mabove the sector's middle half▲ 85.3%€0.2mabove the sector's middle half▲ 62.5%€0.3mabove the sector's middle half▲ 34.1%€0.6mabove the sector's middle half▲ 69.8%€0.7mabove the sector's middle half▲ 33.1%
Solvency13.2%-13.7%▲ 0.5pp20.7%within the sector's middle half▲ 7.0pp24.1%within the sector's middle half▲ 3.3pp31.9%within the sector's middle half▲ 7.9pp37.1%within the sector's middle half▲ 5.2pp43.9%within the sector's middle half▲ 6.8pp46.8%within the sector's middle half▲ 2.9pp
Current ratio1.08-1.01▼ 0.061.19within the sector's middle half▲ 0.171.27within the sector's middle half▲ 0.081.43within the sector's middle half▲ 0.161.47within the sector's middle half▲ 0.031.85within the sector's middle half▲ 0.381.97within the sector's middle half▲ 0.12
Return on assets (ROA)9.6%-6.2%▼ 3.5pp10.7%within the sector's middle half▲ 4.5pp8.7%within the sector's middle half▼ 1.9pp10.6%within the sector's middle half▲ 1.9pp14.9%above the sector's middle half▲ 4.3pp12.4%above the sector's middle half▼ 2.5pp11.0%within the sector's middle half▼ 1.4pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 10% higher than in 2024 and the highest since 2018. It is the seventh rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€112,361 ▲ 4.9%
Current assets
€1.5m ▲ 24.1%
Equity and liabilities €1.6m
Equity
€759,983 ▲ 30.8%
Debt
€863,409 ▲ 16.2%
Debt's share of the balance-sheet total falls from 56.1% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€315,610▲
2024 · €287,883
Cash flow
€192,122▲
2024 · €177,350
Quick ratio
1.20▲
2024 · 1.09
Debt to equity
1.14▼
2024 · 1.28
ROE
23.6%▼
2024 · 28.2%
Interest coverage
19.45▼
2024 · 19.48
Debt ≤ 1 year
€767,937▲
2024 · €658,778
Debt > 1 year
€92,473▲
2024 · €84,299
Income taxes
€130,856▲
2024 · €101,431
Staff costs
€103,742▲
2024 · €57,809
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,783 | €4,353 | €81,642 | €32,354 | €18,297 |
| Depreciation and write-downs of the year | €9,267 | €9,949 | €14,339 | €13,345 | €13,088 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.7m | €0.8m | €1.7m | €2.3m | €2.7m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €2.1m | €2.5m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.04m | €0.04m | €0.04m | €0.06m | €0.1m | ▲ 79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.004m | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 1.9% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.04m | €0.03m | ▼ 30.2% |
| Gross operating margin9900 | €0.03m | €0.06m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 16.0% |
| Operating profit (loss)9901 | €0.02m | €0.03m | €0.07m | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 10.2% |
| Financial income75/76B | - | - | - | €0.01m | €52 | €0.004m | €0.006m | €0.02m | ▲ 316% |
| Recurring financial income75 | €491 | €113 | €0.002m | €0.01m | €52 | €0.001m | €0.004m | €51 | ▼ 98.6% |
| Non-recurring financial income76B | - | - | - | - | - | €0.003m | €0.002m | €0.02m | ▲ 11× |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 9.8% |
| Recurring financial charges65 | €0.002m | €0.003m | €0.006m | €0.01m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.03m | €0.06m | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 16.7% |
| Income taxes67/77 | - | €0.006m | €0.005m | €0.05m | €0.04m | €0.04m | €0.1m | €0.1m | ▲ 29.0% |
| Profit (loss) for the period9904 | €0.02m | €0.02m | €0.06m | €0.06m | €0.09m | €0.2m | €0.2m | €0.2m | ▲ 9.2% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.02m | €0.06m | €0.06m | €0.09m | €0.2m | €0.2m | €0.2m | ▲ 9.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.3m | €0.5m | €0.7m | €0.8m | €1.1m | €1.3m | €1.6m | ▲ 22.6% |
| Fixed assets21/28 | €0.01m | €0.04m | €0.03m | €0.03m | €0.02m | €0.09m | €0.1m | €0.1m | ▲ 4.9% |
| Tangible fixed assets22/27 | €0.01m | €0.04m | €0.03m | €0.03m | €0.02m | €0.09m | €0.1m | €0.1m | ▲ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.006m | €0.01m | €0.01m | €0.01m | ▲ 10.9% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.02m | €0.04m | €0.04m | ▲ 15.4% |
| Other tangible fixed assets26 | - | - | - | €0.001m | €0.001m | €0.06m | €0.06m | €0.06m | ▼ 2.3% |
| Financial fixed assets28 | - | - | €0.001m | - | - | - | - | - | - |
| Current assets29/58 | €0.2m | €0.3m | €0.5m | €0.7m | €0.8m | €1.0m | €1.2m | €1.5m | ▲ 24.1% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 19.1% |
| Stocks30/36 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 19.1% |
| Amounts receivable within one year40/41 | €0.02m | €0.05m | €0.08m | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | ▲ 48.4% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | ▲ 43.7% |
| Other amounts receivable41 | - | - | - | - | - | - | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.07m | €0.1m | €0.2m | €0.1m | €0.2m | €0.4m | €0.4m | ▲ 11.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.007m | €0.007m | €0.01m | €0.002m | ▼ 83.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.3m | €0.5m | €0.7m | €0.8m | €1.1m | €1.3m | €1.6m | ▲ 22.6% |
| Equity10/15 | €0.02m | €0.04m | €0.1m | €0.2m | €0.3m | €0.4m | €0.6m | €0.8m | ▲ 30.8% |
| Contributions10/11 | €0.006m | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Issued capital100 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.2m | ▲ 87× |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Other1319 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.2m | - |
| Profit (loss) carried forward14 | €0.02m | €0.03m | €0.09m | €0.2m | €0.2m | €0.4m | €0.6m | €0.6m | ▲ 3.4% |
| Amounts payable17/49 | €0.2m | €0.3m | €0.4m | €0.6m | €0.6m | €0.7m | €0.7m | €0.9m | ▲ 16.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €0.08m | €0.09m | ▲ 9.7% |
| Financial debts170/4 | - | - | - | - | - | - | €0.08m | €0.09m | ▲ 9.7% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.4m | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.03m | €0.02m | €0.04m | €0.03m | ▼ 33.6% |
| Financial debts43 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Credit institutions430/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Trade debts44 | €0.06m | €0.1m | €0.2m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | ▲ 10.1% |
| Suppliers440/4 | - | - | - | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | ▲ 10.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.04m | €0.04m | €0.03m | €0.1m | ▲ 243% |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.1m | ▲ 274% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.007m | €0.006m | €0.004m | €0.005m | ▲ 33.2% |
| Other amounts payable47/48 | - | - | - | €0.09m | €0.1m | €0.09m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €250 | €0.003m | ▲ 12× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,015 | €19,171 | €58,092 | €64,466 | €88,776 | €167,540 | €164,005 | €179,034 | ▲ 9.2% |
| + Depreciation and write-downs630 | €4,532 | €4,476 | €10,556 | €9,267 | €9,949 | €14,339 | €13,345 | €13,088 | ▼ 1.9% |
| Operating cash flow (approximation) | €21,547 | €23,647 | €68,648 | €73,733 | €98,725 | €181,879 | €177,350 | €192,122 | ▲ 8.3% |
| Investment in fixed assets (approximation) | - | -€31,461 | -€3,297 | -€4,284 | -€4,353 | -€81,642 | -€32,354 | -€18,297 | ▲ 43.4% |
| Change in cash | - | €39,594 | €44,713 | €52,164 | -€22,128 | €87,929 | €125,935 | €41,144 | ▼ 67.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as FACOTECH has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
2.7%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of FACOTECH itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,782 companies, not a prediction for FACOTECH. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00192842 | |
| 31-12-2024 | full format | 23-06-2025 | 2025-00163368 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00250156 | |
| 31-12-2022 | micro format | 22-07-2023 | 2023-00260082 | |
| 31-12-2021 | micro format | 12-09-2022 | 2022-20427409 | |
| 31-12-2020 | micro format | 12-07-2021 | 2021-34600032 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-24200480 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-20900475 |