Losses
Every financial year from 2017 to 2021 closed with a loss. 2021 was the heaviest.
Every financial year from 2017 to 2021 closed with a loss. 2021 was the heaviest.
The 2013 accounts came latest: 265 days after the end of the period.
Equity fell from €26,726 in 2016 to -€245,232 in 2021, while debts rose from €45,937 to €256,962.
On 27 December 2022 the court declared FAES bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
11,730 | 83,863 | 112,373 | 95,375 | 55,752 | 72,663 | 58,051 | 72,160 | 44,997 | 25,536 | |
21/28 |
4,402 | 63,928 | 92,289 | 26,342 | 37,133 | 44,991 | 35,559 | 48,605 | 2,228 | 2,706 | |
21 |
- | 6,000 | 8,000 | - | - | - | - | - | - | - | |
22/27 |
4,402 | 57,928 | 84,289 | 26,342 | 37,133 | 44,991 | 35,559 | 48,605 | 2,228 | 2,706 | |
23 |
4,402 | 56,715 | 73,224 | 9,235 | 10,601 | 12,677 | 15,244 | 17,976 | 2,122 | 2,458 | |
24 |
- | 0 | 9,504 | 17,107 | 26,532 | 32,314 | 20,315 | 30,629 | 106 | 248 | |
26 |
- | 1,213 | 1,561 | - | - | - | - | - | - | - | |
29/58 |
7,328 | 19,934 | 20,084 | 69,033 | 18,619 | 27,672 | 22,492 | 23,555 | 42,769 | 22,830 | |
3 |
- | 0 | 9,157 | - | - | - | - | - | - | - | |
30/36 |
- | 0 | 9,157 | - | - | - | - | - | - | - | |
40/41 |
3,812 | 937 | 4,023 | 4,377 | 16,643 | 6,711 | 8,122 | 4,022 | 18,195 | 13,775 | |
40 |
3,812 | 813 | 4,023 | 4,377 | 9,293 | 6,711 | 8,122 | 4,022 | 11,352 | 4,052 | |
41 |
- | 124 | 0 | 0 | 7,351 | 0 | 0 | - | 6,843 | 9,723 | |
54/58 |
3,033 | 17,574 | 4,958 | 63,176 | 204 | 20,961 | 8,269 | 16,533 | 19,593 | 3,399 | |
490/1 |
483 | 1,424 | 1,947 | 1,480 | 1,771 | 0 | 6,101 | 3,000 | 4,981 | 5,656 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
11,730 | 83,863 | 112,373 | 95,375 | 55,752 | 72,663 | 58,051 | 72,160 | 44,997 | 25,536 | |
10/15 |
-245,232 | -83,474 | 3,367 | 19,666 | 24,350 | 26,726 | 26,477 | 26,352 | 13,932 | 4,234 | |
10/11 |
18,600 | 18,600 | 0 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | |
100 |
- | - | 0 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 12,400 | 12,400 | |
11 |
- | - | 18,600 | - | - | - | - | - | - | - | |
1100/10 |
- | - | 18,600 | - | - | - | - | - | - | - | |
13 |
1,066 | 1,066 | 1,066 | 1,066 | 5,750 | 7,700 | 7,700 | 7,700 | 7,620 | - | |
130/1 |
700 | 700 | 700 | - | - | - | - | - | - | - | |
130 |
- | - | 0 | 700 | 700 | 700 | 700 | 700 | 620 | - | |
1311 |
700 | 700 | - | - | - | - | - | - | - | - | |
1319 |
- | - | 700 | - | - | - | - | - | - | - | |
133 |
366 | 366 | 366 | 366 | 5,050 | 7,000 | 7,000 | 7,000 | 7,000 | - | |
14 |
-264,898 | -103,140 | -16,299 | - | 0 | 426 | 177 | 52 | 112 | -1,966 | |
17/49 |
256,962 | 167,337 | 109,006 | 75,709 | 31,401 | 45,937 | 31,574 | 45,808 | 31,065 | 21,302 | |
42/48 |
256,962 | 164,149 | 109,006 | 75,709 | 31,401 | 45,937 | 31,574 | 45,808 | 31,065 | 20,669 | |
43 |
5,632 | 8,136 | 5,796 | 0 | 5,027 | - | - | - | - | - | |
430/8 |
5,632 | 8,136 | 5,796 | 0 | 5,027 | - | - | - | - | - | |
44 |
155,142 | 91,273 | 43,194 | 45,996 | 11,264 | 17,017 | 12,724 | 9,343 | 12,881 | 16,584 | |
440/4 |
155,142 | 91,273 | 43,194 | 45,996 | 11,264 | 17,017 | 12,724 | 9,343 | 12,881 | 16,584 | |
45 |
17,530 | 3,525 | 23,974 | 15,671 | 500 | 15,749 | 10,841 | 16,251 | 18,184 | 4,085 | |
450/3 |
17,530 | 3,525 | 23,464 | 15,671 | 500 | 15,479 | 10,328 | 9,374 | 10,327 | 4,085 | |
454/9 |
- | - | 511 | 0 | 0 | 270 | 513 | 6,877 | 7,857 | - | |
47/48 |
78,658 | 61,216 | 36,042 | 14,042 | 14,611 | 13,170 | 8,009 | 20,214 | - | - | |
492/3 |
- | 3,187 | - | - | - | - | - | - | - | 633 | |
| Income statement | |||||||||||
70 |
- | - | - | 456,570 | 324,711 | 374,367 | 429,465 | - | - | 388,274 | |
9900 |
-121,395 | -44,079 | 31,869 | 11,844 | 13,358 | 35,160 | 52,841 | 53,878 | 52,807 | 21,178 | |
60/61 |
- | - | - | 470,927 | 335,289 | 356,603 | 376,624 | - | - | 398,107 | |
62 |
4,120 | 17,074 | 16,856 | 568 | 1,722 | 16,327 | 32,714 | 27,513 | 34,001 | 14,457 | |
630 |
2,411 | 20,965 | 28,191 | 9,809 | 10,134 | 8,585 | 13,046 | 13,152 | 877 | 996 | |
640/8 |
4,545 | 1,755 | 2,141 | 2,322 | 1,328 | 5,704 | 1,336 | 2,613 | 1,130 | 2,536 | |
66A |
24,116 | - | - | - | - | - | - | 5,631 | - | - | |
9901 |
-156,586 | -83,872 | -15,319 | -855 | 174 | 4,545 | 5,745 | 10,600 | 16,799 | 3,189 | |
75/76B |
0 | 5 | 3 | 8 | 29 | 610 | 4 | 318 | 781 | 577 | |
75 |
0 | 5 | 3 | 8 | 29 | 610 | 4 | 318 | 781 | 577 | |
65/66B |
3,983 | 2,974 | 2,290 | 1,732 | 2,331 | 2,860 | 4,402 | 3,767 | 2,624 | 3,226 | |
65 |
3,983 | 2,974 | 2,290 | 1,732 | 2,331 | 2,860 | 4,402 | 3,767 | 2,624 | 3,226 | |
9903 |
-160,570 | -86,841 | -17,607 | -2,579 | -2,128 | 2,294 | 1,346 | 1,520 | 14,956 | 540 | |
67/77 |
1,188 | - | -1,308 | 2,105 | 248 | 2,045 | 1,221 | 1,500 | 5,258 | 2,506 | |
9904 |
-161,758 | -86,841 | -16,299 | -4,685 | -2,376 | 249 | 125 | 20 | 9,698 | -1,966 | |
9905 |
-161,758 | -86,841 | -16,299 | -4,685 | -2,376 | 249 | 125 | 20 | 9,698 | -1,966 | |
| Appropriation of the result | |||||||||||
9906 |
-264,898 | -103,140 | -16,299 | -4,685 | -1,950 | 426 | 177 | 132 | 7,732 | -1,966 | |
14P |
-103,140 | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 4,685 | 1,950 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 80 | 7,620 | - | |
6920 |
- | - | - | - | - | - | - | 80 | 620 | - | |
6921 |
- | - | - | - | - | - | - | - | 7,000 | - | |
| Social balance sheet | |||||||||||
9087 |
- | 0.6 | 0.6 | - | 0 | 0.5 | 0.9 | 0.7 | 0.8 | 0.4 | |
Hours worked1013 |
- | 1,260 | 1,147 | - | - | 712 | 1,512 | 1,249 | 1,550 | 969 | |
| Document | |||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 31-10-2022.
2021 annual accounts filed 92 days after the deadline. Filed on 31 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20478609.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 31-10-2022 | 2022-20478609 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-75800028 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67300544 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300475 | |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-65800476 | |
| 31-12-2016 | abbreviated format | 15-09-2017 | 2017-61100120 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-64800017 | |
| 31-12-2014 | abbreviated format | 22-06-2015 | 2015-19900305 | |
| 31-12-2013 | abbreviated format | 22-04-2015 | 2015-10000324 | |
| 31-12-2012 | abbreviated format | 13-09-2013 | 2013-58100435 |
| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -154,176 | -62,907 | 12,872 | 8,955 | 10,308 | 13,129 | 18,791 | 23,752 | 17,676 | 4,185 | ||
| -159,347 | -65,876 | 11,892 | 5,125 | 7,758 | 8,834 | 13,171 | 13,172 | 10,575 | -970 | ||
| -57,116 | 2,108 | 94,138 | 840 | 2,276 | 38,017 | 0 | 79,829 | 399 | 3,702 | ||
| -14,541 | 12,616 | -58,218 | 62,972 | -20,757 | 12,692 | -8,264 | -3,060 | 16,194 | - | ||
| -249,634 | -144,215 | -88,922 | -6,676 | -12,782 | -18,264 | -9,082 | -22,253 | 11,704 | 2,161 | ||
| - | - | - | -0.2% | 0.1% | 1.2% | 1.3% | - | - | 0.8% | ||
| - | -99.5% | 3.0% | 20.6% | 43.7% | 36.8% | 45.6% | 36.5% | 31.0% | 16.6% | ||
| 0.03 | 0.12 | 0.18 | 0.91 | 0.59 | 0.60 | 0.71 | 0.51 | 1.38 | 1.10 | ||
| 0.03 | 0.12 | 0.10 | 0.91 | 0.59 | 0.60 | 0.71 | 0.51 | 1.38 | 1.10 | ||
| - | - | 32.38 | 3.85 | 1.29 | 1.72 | 1.19 | 1.74 | 2.23 | 5.03 | ||
| - | - | -484.1% | -23.8% | -9.8% | 0.9% | 0.5% | 0.1% | 69.6% | -46.4% | ||
| - | -103.6% | -14.5% | -4.9% | -4.3% | 0.3% | 0.2% | 0.0% | 21.6% | -7.7% | ||
| -38.70 | - | - | - | - | - | - | - | - | - | ||
| - | - | - | 3 days | 10 days | 7 days | 7 days | - | - | 4 days | ||
| - | - | - | 36 days | 12 days | 17 days | 12 days | - | - | 15 days |
A ratio outside any meaningful range has been withheld (balance sheet total €11,730, equity -€245,232).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2021 is a loss of €156,586, larger than the loss of €83,872 in 2020. It is the lowest result since 2012.
Equity is negative. Debt (€256,962) exceeds the balance-sheet total (€11,730).
FAES has no parent and no holdings in its annual accounts. FAES shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Articles of association, deed of 02-08-2019 (in Dutch)
FAES is no longer in the KBO register.
If something looks wrong or is missing, please tell us.