FADA
ActiveSummary
The computed 12-month bankruptcy probability of FADA is 3.5% (moderate). For FADA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €44k and a net result of €-24k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 17999 sector peers (fiscal year 2023). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-13
Solvency67▼-33
Growth37=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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 2023Solvency, return and age of the figures
Solvency
42.4%
Return on assets
-23.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 06-02-2025, 190 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
190 d late
2022
78 d late
2020
153 d late
2019
31 d late
2018
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€139k▼ 34.7%
2019 · €213k
2018: €164k
2019: €213k▲ +30.1% vs 2018highest in 3 years
2020: €139k▼ -34.7% vs 2019lowest in 3 years
2018 → 2020
EBIT margin
20.3%▲ 6.8pp
2019 · 13.6%
2018: 6.9%lowest in 3 years
2019: 13.6%▲ +96.0% vs 2018
2020: 20.3%▲ +49.9% vs 2019highest in 3 years
2018 → 2020
Net result
€-24k▼ 443%
2022 · €-4k
2018: €7k
2019: €20k▲ +169% vs 2018
2020: €24k▲ +20.9% vs 2019highest value
2022: €-4k
2023: €-24k▼ -443% vs 2022lowest value
2018 → 2023
Working capital
€13k▼ 61.3%
2022 · €34k
2018: €21k
2019: €38k▲ +79.3% vs 2018highest value
2020: €28k▼ -26.4% vs 2019
2022: €34k
2023: €13k▼ -61.3% vs 2022lowest value
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020222023Trend
Turnover€164k-€213k▲ 30.1%€139k▼ 34.7%
2018: €164k
2019: €213k▲ +30.1% vs 2018highest in 3 years
2020: €139k▼ -34.7% vs 2019lowest in 3 years
Equity€25k-€44k▲ 79.8%€68k▲ 53.7%€68k▼ 0.6%€44k▼ 35.7%
2018: €25klowest value
2019: €44k▲ +79.8% vs 2018
2020: €68k▲ +53.7% vs 2019highest value
2022: €68k
2023: €44k▼ -35.7% vs 2022
Operating result€11k-€29k▲ 155%€28k▼ 2.1%€-4k€-17k▼ 300%
2018: €11k
2019: €29k▲ +155% vs 2018highest value
2020: €28k▼ -2.1% vs 2019
2022: €-4k
2023: €-17k▼ -300% vs 2022lowest value
Net result€7k-€20k▲ 169%€24k▲ 20.9%€-4k€-24k▼ 443%
2018: €7k
2019: €20k▲ +169% vs 2018
2020: €24k▲ +20.9% vs 2019highest value
2022: €-4k
2023: €-24k▼ -443% vs 2022lowest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2023 against €4k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €103k
Fixed assets
€31k ▼ 10.5%
Current assets
€72k ▲ 28.8%
Equity and liabilities €103k
Equity
€44k ▼ 35.7%
Debt
€59k ▲ 165%
Debt's share of the balance-sheet total rises from 24.8% to 57.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2022 · €-728
Cash flow
€-21k▼
2022 · €-879
Current ratio
1.22▼
2022 · 2.51
Quick ratio
1.17▼
2022 · 2.38
Debt to equity
1.36▲
2022 · 0.33
ROE
-55.6%▼
2022 · -6.6%
ROA
-23.6%▼
2022 · -4.9%
Interest coverage
-1.95▲
2022 · -4.83
Debt ≤ 1 year
€59k▲
2022 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 40 lines
Balance sheet
Code20222023
Assets
Total assets20/58€90k€103k▲
Fixed assets21/28€34k€31k▼
Tangible fixed assets22/27€34k€31k▼
Plant, machinery and equipment23€33k€30k▼
Furniture and vehicles24€1k€1k▼
Financial fixed assets28€25€25=
Current assets29/58€56k€72k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€3k€3k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€50k€67k▲
Equity and liabilities
Total equity and liabilities10/49€90k€103k▲
Equity10/15€68k€44k▼
Contributions10/11€6k€6k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311-€2k
Other1319€2k-
Tax-exempt reserves132€7k€7k=
Profit (loss) carried forward14€53k€29k▼
Amounts payable17/49€22k€59k▲
Amounts payable within one year42/48€22k€59k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€8k€29k▲
Suppliers440/4€8k€29k▲
Taxes, remuneration and social security45€12k€12k=
Taxes450/3€12k€12k=
Other amounts payable47/48€3k€14k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€11k€6k▼
Gross operating margin9900€10k€-8k▼
Operating profit (loss)9901€-4k€-17k▼
Financial charges65/66B€151€7k▲
Recurring financial charges65€151€7k▲
Profit (loss) for the period before taxes9903€-4k€-24k▼
Profit (loss) for the period9904€-4k€-24k▼
Profit (loss) for the period to be appropriated9905€-4k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€29k▼
Profit (loss) brought forward from the previous period14P€57k€53k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €164k | €213k | €139k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €841 | €2k | €1k | €4k | €4k | = |
| Other operating charges640/8 | - | - | - | €11k | €6k | ▼ 44.3% |
| Gross operating margin9900 | €13k | €40k | €31k | €10k | €-8k | ▼ 176% |
| Operating profit (loss)9901 | €11k | €29k | €28k | €-4k | €-17k | ▼ 300% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €151 | €7k | ▲ 4,544% |
| Recurring financial charges65 | €2k | €3k | €656 | €151 | €7k | ▲ 4,544% |
| Profit (loss) for the period before taxes9903 | €10k | €26k | €28k | €-4k | €-24k | ▼ 443% |
| Income taxes67/77 | €2k | €6k | €4k | - | - | - |
| Profit (loss) for the period9904 | €7k | €20k | €24k | €-4k | €-24k | ▼ 443% |
| Profit (loss) for the period to be appropriated9905 | €7k | €20k | €24k | €-4k | €-24k | ▼ 443% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37k | €88k | €96k | €90k | €103k | ▲ 13.9% |
| Fixed assets21/28 | €3k | €6k | €40k | €34k | €31k | ▼ 10.5% |
| Tangible fixed assets22/27 | €3k | €6k | €40k | €34k | €31k | ▼ 10.5% |
| Plant, machinery and equipment23 | - | - | - | €33k | €30k | ▼ 9.9% |
| Furniture and vehicles24 | - | - | - | €1k | €1k | ▼ 25.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €34k | €82k | €56k | €56k | €72k | ▲ 28.8% |
| Stocks and contracts in progress3 | €3k | €1k | €415 | €3k | €3k | ▼ 1.9% |
| Stocks30/36 | - | - | - | €3k | €3k | ▼ 1.9% |
| Amounts receivable within one year40/41 | €10k | €60k | €13k | €3k | €3k | ▼ 14.8% |
| Other amounts receivable41 | - | - | - | €3k | €3k | ▼ 14.8% |
| Cash at bank and in hand54/58 | €21k | €20k | €43k | €50k | €67k | ▲ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37k | €88k | €96k | €90k | €103k | ▲ 13.9% |
| Equity10/15 | €25k | €44k | €68k | €68k | €44k | ▼ 35.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | - | €2k | - |
| Other1319 | - | - | - | €2k | - | - |
| Tax-exempt reserves132 | - | - | - | €7k | €7k | = |
| Profit (loss) carried forward14 | €10k | €30k | €53k | €53k | €29k | ▼ 45.8% |
| Amounts payable17/49 | €12k | €43k | €28k | €22k | €59k | ▲ 165% |
| Amounts payable within one year42/48 | €12k | €43k | €28k | €22k | €59k | ▲ 165% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4k | - |
| Trade debts44 | €8k | €31k | €13k | €8k | €29k | ▲ 270% |
| Suppliers440/4 | - | - | - | €8k | €29k | ▲ 270% |
| Taxes, remuneration and social security45 | - | - | - | €12k | €12k | = |
| Taxes450/3 | - | - | - | €12k | €12k | = |
| Other amounts payable47/48 | - | - | - | €3k | €14k | ▲ 467% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €20k | €24k | €-4k | €-24k | ▼ 443% |
| + Depreciation and write-downs630 | €841 | €2k | €1k | €4k | €4k | = |
| Operating cash flow (approximation) | €8k | €21k | €25k | €-879 | €-21k | ▼ 2,253% |
| Investment in fixed assets (approximation) | - | €-4k | €-35k | - | €0 | - |
| Change in cash | - | €-546 | €22k | - | €17k | - |
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
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 190 days late
2023
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Highest result since 2018net €24k ▲20.9%
Net result €24k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
11-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Saint-Nicolas · 1 establishment unit since 2016
Ground area
242 m²
Building footprint
97 m²
Volume, LiDAR
620 m³
Parcel 62073B1177/00C005, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LE TROIS LIMITES
since 20162.255.105.983
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62073B1177/00C005 | Wallonia | 242 m² | 1 · 96 m² | 9.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSaint-Nicolas (Lg.)2.255.105.983
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 4,099 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 (pre-2019)
Founded20-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.