FADOS
ActiveSummary
FADOS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73,028 and a net result of €9,752. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 18940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+22
Solvency100▲+11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.86 in 2023; short-term debt: 12.8% of total assets), and 13.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
35 d early
2022
30 d late
2021
30 d late
2020
31 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#3 oldest company in Gistel, Accommodation and food service sector#10 company by equity in Gistel, Accommodation and food service sector
Equity
€73,028▲ 3.9%
2023 · €70,277
Total assets
€84,148▼ 23.9%
2023 · €110,560
Net result
€9,752
2023 · -€6,797
Working capital
€857
2023 · -€5,538
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€3,388-€7,024▼ 107%-€854▲ 87.8%-€6,101▼ 614%€11,380
Net result-€5,066within the sector's middle half-€8,443below the sector's middle half▼ 66.7%-€1,454within the sector's middle half▲ 82.8%-€6,797within the sector's middle half▼ 367%€9,752within the sector's middle half
Equity€112,971above the sector's middle half▼ 4.3%€104,528above the sector's middle half▼ 7.5%€103,074above the sector's middle half▼ 1.4%€70,277within the sector's middle half▼ 31.8%€73,028within the sector's middle half▲ 3.9%
Total assets€165,103within the sector's middle half▼ 9.9%€132,481within the sector's middle half▼ 19.8%€125,327within the sector's middle half▼ 5.4%€110,560within the sector's middle half▼ 11.8%€84,148within the sector's middle half▼ 23.9%
Debt€52,132▼ 20.1%€27,954▼ 46.4%€22,254▼ 20.4%€40,283▲ 81.0%€11,119▼ 72.4%
Working capital€16,432within the sector's middle half▲ 66.3%€14,625within the sector's middle half▼ 11.0%€19,423within the sector's middle half▲ 32.8%-€5,538within the sector's middle half€857within the sector's middle half
Solvency68.4%above the sector's middle half▲ 4.0pp78.9%above the sector's middle half▲ 10.5pp82.2%above the sector's middle half▲ 3.3pp63.6%above the sector's middle half▼ 18.7pp86.8%above the sector's middle half▲ 23.2pp
Current ratio1.55within the sector's middle half▲ 0.142.08within the sector's middle half▲ 0.532.21above the sector's middle half▲ 0.130.86within the sector's middle half▼ 1.351.08within the sector's middle half▲ 0.22
Return on assets (ROA)-3.1%within the sector's middle half▼ 6.9pp-6.4%below the sector's middle half▼ 3.3pp-1.2%within the sector's middle half▲ 5.2pp-6.1%within the sector's middle half▼ 5.0pp11.6%within the sector's middle half▲ 17.7pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11,380 after a loss of €6,101 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,148
Fixed assets
€72,559 ▼ 4.3%
Current assets
€11,589 ▼ 66.6%
Equity and liabilities €84,148
Equity
€73,028 ▲ 3.9%
Debt
€11,119 ▼ 72.4%
Debt's share of the balance-sheet total falls from 36.4% to 13.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,635▲
2023 · €7,954
Cash flow
€13,007▲
2023 · €7,258
Debt to equity
0.15▼
2023 · 0.57
ROE
13.4%▲
2023 · -9.7%
Interest coverage
18.70▲
2023 · 8.48
Debt ≤ 1 year
€10,732▼
2023 · €40,283
Income taxes
€1,031▲
2023 · €495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 31,349 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €217 | €4,719 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,632 | €14,669 | €14,422 | €14,055 | €3,255 | ▼ 76.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,204 | - |
| Other operating charges640/8 | - | €4,369 | €3,868 | €4,904 | €4,439 | ▼ 9.5% |
| Gross operating margin9900 | €15,928 | €12,014 | €17,436 | €12,858 | €22,278 | ▲ 73.3% |
| Operating profit (loss)9901 | -€3,388 | -€7,024 | -€854 | -€6,101 | €11,380 | ▲ 287% |
| Financial income75/76B | - | €438 | €806 | €737 | €186 | ▼ 74.8% |
| Recurring financial income75 | €445 | €438 | €806 | €737 | €186 | ▼ 74.8% |
| Financial charges65/66B | - | €1,067 | €875 | €938 | €783 | ▼ 16.6% |
| Recurring financial charges65 | €1,515 | €1,067 | €875 | €938 | €783 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | -€4,457 | -€7,653 | -€924 | -€6,302 | €10,783 | ▲ 271% |
| Income taxes67/77 | €609 | €790 | €530 | €495 | €1,031 | ▲ 108% |
| Profit (loss) for the period9904 | -€5,066 | -€8,443 | -€1,454 | -€6,797 | €9,752 | ▲ 243% |
| Profit (loss) for the period to be appropriated9905 | -€5,066 | -€8,443 | -€1,454 | -€6,797 | €9,752 | ▲ 243% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,103 | €132,481 | €125,327 | €110,560 | €84,148 | ▼ 23.9% |
| Fixed assets21/28 | €118,960 | €104,291 | €89,869 | €75,814 | €72,559 | ▼ 4.3% |
| Tangible fixed assets22/27 | €118,960 | €104,291 | €89,869 | €75,814 | €72,559 | ▼ 4.3% |
| Land and buildings22 | - | €82,325 | €79,070 | €75,814 | €72,559 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €90 | - | - | - | - |
| Furniture and vehicles24 | - | €21,877 | €10,800 | - | - | - |
| Current assets29/58 | €46,143 | €28,190 | €35,458 | €34,745 | €11,589 | ▼ 66.6% |
| Amounts receivable after more than one year29 | - | €17,250 | €26,050 | €27,550 | €3,500 | ▼ 87.3% |
| Other amounts receivable291 | - | €17,250 | €26,050 | €27,550 | €3,500 | ▼ 87.3% |
| Stocks and contracts in progress3 | €1,240 | €250 | - | - | - | - |
| Stocks30/36 | - | €250 | - | - | - | - |
| Amounts receivable within one year40/41 | €17,716 | €9,191 | €7,948 | €5,707 | €6,476 | ▲ 13.5% |
| Trade receivables40 | - | €6,994 | €6,683 | €4,693 | €664 | ▼ 85.8% |
| Other amounts receivable41 | - | €2,197 | €1,265 | €1,014 | €5,812 | ▲ 473% |
| Cash at bank and in hand54/58 | €11,827 | €419 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €1,080 | €1,460 | €1,489 | €1,613 | ▲ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,103 | €132,481 | €125,327 | €110,560 | €84,148 | ▼ 23.9% |
| Equity10/15 | €112,971 | €104,528 | €103,074 | €70,277 | €73,028 | ▲ 3.9% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €39,197 | €39,197 | €39,197 | €13,197 | €10,997 | ▼ 16.7% |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | €33,000 | €33,000 | €7,000 | €4,800 | ▼ 31.4% |
| Profit (loss) carried forward14 | €11,800 | €3,357 | €1,903 | -€4,894 | €58 | ▲ 101% |
| Amounts payable17/49 | €52,132 | €27,954 | €22,254 | €40,283 | €11,119 | ▼ 72.4% |
| Amounts payable after more than one year17 | €22,421 | €14,389 | €6,219 | - | - | - |
| Financial debts170/4 | - | €14,389 | €6,219 | - | - | - |
| Amounts payable within one year42/48 | €29,712 | €13,565 | €16,035 | €40,283 | €10,732 | ▼ 73.4% |
| Current portion of amounts payable after more than one year42 | - | €8,032 | €8,170 | €6,219 | - | - |
| Financial debts43 | - | - | €666 | €4,116 | €1,492 | ▼ 63.8% |
| Credit institutions430/8 | - | - | €666 | €4,116 | €1,492 | ▼ 63.8% |
| Trade debts44 | €7,886 | €2,806 | €1,934 | €384 | €965 | ▲ 151% |
| Suppliers440/4 | - | €2,806 | €1,934 | €384 | €965 | ▲ 151% |
| Taxes, remuneration and social security45 | - | €1,270 | €2,585 | €1,042 | €1,272 | ▲ 22.0% |
| Taxes450/3 | - | €1,270 | €2,585 | €1,042 | €1,272 | ▲ 22.0% |
| Other amounts payable47/48 | - | €1,458 | €2,680 | €28,521 | €7,004 | ▼ 75.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €387 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,066 | -€8,443 | -€1,454 | -€6,797 | €9,752 | ▲ 243% |
| + Depreciation and write-downs630 | €15,632 | €14,669 | €14,422 | €14,055 | €3,255 | ▼ 76.8% |
| Operating cash flow (approximation) | €10,565 | €6,225 | €12,968 | €7,258 | €13,007 | ▲ 79.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€11,408 | - | - | - | - |
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 · micro schema
2024
31-12
Financial
Back to profitnet €9,752
Net result €9,752 after 4 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€8,443
Net result drops to -€8,443, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
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, Gistel · 1 establishment unit since 1996
Ground area
747 m²
Building footprint
127 m²
Volume, LiDAR
389 m³
Parcel 35019B0364/00K000, Flanders · tallest building 4.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Snaaskerkestraat 72, 8470 Gistel
since 19962.075.306.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35019B0364/00K000 | Flanders | 747 m² | 1 · 127 m² | 4.4 m · 1 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 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
43221Plumbing work
43230Insulation installation
43320Joinery installation
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456507833
Also
9925:BE0456507833
Registered
10-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.