FADA
ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2023 filed on 06-02-2025 PDF all 6 filings
Turnover
€139,237▼ 34.7%
2019 · €213,170
EBIT margin
20.3%▲ 6.8pp
2019 · 13.6%
Net result
-€24,277▼ 443%
2022 · -€4,469
Working capital
€13,069▼ 61.3%
2022 · €33,755
Multi-year overview
2018 to 2023, 5 financial yearsTurnover
no figure
2023
20182023
Operating result
-€17,269
▼ 300%
2023
20182023
Net result
-€24,277
▼ 443%
2023
lowest quarter of the sector
20182023
EBIT margin
no figure
2023
20182023
Equity
€43,674
▼ 35.7%
2023
middle half of the sector
20182023
Total assets
€102,906
▲ 13.9%
2023
middle half of the sector
20182023
Debt
€59,232
▲ 165%
2023
20182023
Working capital
€13,069
▼ 61.3%
2023
middle half of the sector
20182023
Solvency
42.4%
▼ 32.8pp
2023
middle half of the sector
20182023
Current ratio
1.22
▼ 1.29
2023
middle half of the sector
20182023
Return on assets (ROA)
-23.6%
▼ 18.6pp
2023
lowest quarter of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020222023
Turnover€163,808-€213,170▲ 30.1%€139,237▼ 34.7%
Operating result€11,331-€28,903▲ 155%€28,305▼ 2.1%-€4,318--€17,269▼ 300%
Net result€7,326-€19,734▲ 169%€23,865above the sector's middle half▲ 20.9%-€4,469within the sector's middle half--€24,277below the sector's middle half▼ 443%
EBIT margin6.9%-13.6%▲ 6.6pp20.3%▲ 6.8pp
Equity€24,733-€44,468▲ 79.8%€68,332above the sector's middle half▲ 53.7%€67,950within the sector's middle half-€43,674within the sector's middle half▼ 35.7%
Total assets€37,179-€87,637▲ 136%€96,436within the sector's middle half▲ 10.0%€90,331within the sector's middle half-€102,906within the sector's middle half▲ 13.9%
Debt€12,446-€43,169▲ 247%€28,104▼ 34.9%€22,381-€59,232▲ 165%
Working capital€21,380-€38,334▲ 79.3%€28,217above the sector's middle half▼ 26.4%€33,755within the sector's middle half-€13,069within the sector's middle half▼ 61.3%
Solvency66.5%-50.7%▼ 15.8pp70.9%above the sector's middle half▲ 20.1pp75.2%above the sector's middle half-42.4%within the sector's middle half▼ 32.8pp
Current ratio2.72-1.89▼ 0.832.00within the sector's middle half▲ 0.122.51above the sector's middle half-1.22within the sector's middle half▼ 1.29
Return on assets (ROA)19.7%-22.5%▲ 2.8pp24.7%above the sector's middle half▲ 2.2pp-4.9%within the sector's middle half--23.6%below the sector's middle half▼ 18.6pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 2023 is a loss of €17,269, larger than the loss of €4,318 in 2022. It is the lowest result since 2018.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €102,906
Fixed assets
€30,605 ▼ 10.5%
Current assets
€72,301 ▲ 28.8%
Equity and liabilities €102,906
Equity
€43,674 ▼ 35.7%
Debt
€59,232 ▲ 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
-€13,679▼
2022 · -€728
Cash flow
-€20,687▼
2022 · -€879
Quick ratio
1.17▼
2022 · 2.38
Debt to equity
1.36▲
2022 · 0.33
ROE
-55.6%▼
2022 · -6.6%
Interest coverage
-1.95▲
2022 · -4.83
Debt ≤ 1 year
€59,232▲
2022 · €22,381
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €7,501 | - |
| Depreciation and write-downs of the year | €3,590 | €3,590 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €163,808 | €213,170 | €139,237 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €841 | €1,570 | €1,428 | €3,590 | €3,590 | = |
| Other operating charges640/8 | - | - | - | €10,825 | €6,030 | ▼ 44.3% |
| Gross operating margin9900 | €13,224 | €40,076 | €30,714 | €10,097 | -€7,649 | - |
| Operating profit (loss)9901 | €11,331 | €28,903 | €28,305 | -€4,318 | -€17,269 | ▼ 300% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €151 | €7,007 | ▲ 46× |
| Recurring financial charges65 | €1,571 | €2,995 | €656 | €151 | €7,007 | ▲ 46× |
| Profit (loss) for the period before taxes9903 | €9,760 | €25,908 | €27,649 | -€4,469 | -€24,277 | ▼ 443% |
| Income taxes67/77 | €2,434 | €6,174 | €3,785 | - | - | - |
| Profit (loss) for the period9904 | €7,326 | €19,734 | €23,865 | -€4,469 | -€24,277 | ▼ 443% |
| Profit (loss) for the period to be appropriated9905 | €7,326 | €19,734 | €23,865 | -€4,469 | -€24,277 | ▼ 443% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,179 | €87,637 | €96,436 | €90,331 | €102,906 | ▲ 13.9% |
| Fixed assets21/28 | €3,353 | €6,133 | €40,115 | €34,195 | €30,605 | ▼ 10.5% |
| Tangible fixed assets22/27 | €3,328 | €6,108 | €40,090 | €34,170 | €30,580 | ▼ 10.5% |
| Plant, machinery and equipment23 | - | - | - | €32,737 | €29,505 | ▼ 9.9% |
| Furniture and vehicles24 | - | - | - | €1,433 | €1,075 | ▼ 25.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €33,826 | €81,503 | €56,321 | €56,136 | €72,301 | ▲ 28.8% |
| Stocks and contracts in progress3 | €2,990 | €1,065 | €415 | €2,834 | €2,780 | ▼ 1.9% |
| Stocks30/36 | - | - | - | €2,834 | €2,780 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €9,948 | €60,096 | €13,265 | €3,069 | €2,614 | ▼ 14.8% |
| Other amounts receivable41 | - | - | - | €3,069 | €2,614 | ▼ 14.8% |
| Cash at bank and in hand54/58 | €20,889 | €20,342 | €42,641 | €50,234 | €66,906 | ▲ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,179 | €87,637 | €96,436 | €90,331 | €102,906 | ▲ 13.9% |
| Equity10/15 | €24,733 | €44,468 | €68,332 | €67,950 | €43,674 | ▼ 35.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €8,753 | €8,753 | €8,753 | €8,753 | €8,753 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Other1319 | - | - | - | €1,860 | - | - |
| Tax-exempt reserves132 | - | - | - | €6,893 | €6,893 | = |
| Profit (loss) carried forward14 | €9,781 | €29,515 | €53,380 | €52,998 | €28,721 | ▼ 45.8% |
| Amounts payable17/49 | €12,446 | €43,169 | €28,104 | €22,381 | €59,232 | ▲ 165% |
| Amounts payable within one year42/48 | €12,446 | €43,169 | €28,104 | €22,381 | €59,232 | ▲ 165% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,531 | - |
| Trade debts44 | €7,764 | €30,968 | €12,568 | €7,947 | €29,409 | ▲ 270% |
| Suppliers440/4 | - | - | - | €7,947 | €29,409 | ▲ 270% |
| Taxes, remuneration and social security45 | - | - | - | €11,896 | €11,896 | = |
| Taxes450/3 | - | - | - | €11,896 | €11,896 | = |
| Other amounts payable47/48 | - | - | - | €2,538 | €14,395 | ▲ 467% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,326 | €19,734 | €23,865 | -€4,469 | -€24,277 | ▼ 443% |
| + Depreciation and write-downs630 | €841 | €1,570 | €1,428 | €3,590 | €3,590 | = |
| Operating cash flow (approximation) | €8,168 | €21,304 | €25,293 | -€879 | -€20,687 | ▼ 2,253% |
| Investment in fixed assets (approximation) | - | -€4,350 | -€35,410 | - | €0 | - |
| Change in cash | - | -€546 | €22,299 | - | €16,673 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 06-02-2025 | 2025-00033037 | |
| 31-12-2022 | micro format | 17-10-2023 | 2023-00487537 | |
| 31-12-2020 | micro format | 31-12-2021 | 2021-82300262 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49100306 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-63200071 | |
| 31-12-2017 | micro format | 11-08-2018 | 2018-45600559 |