FAGGIO ROSSO
ActiveThe computed 12-month bankruptcy probability of FAGGIO ROSSO is 1.5% (moderate). The 2024 annual accounts show equity of €106k and a net result of €20k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 18939 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-25
Solvency49▼-47
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.61 against 1.67 in 2023; short-term debt: 27.5% and cash: 3.3% of total assets), and 75.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 56
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
24.2%
Return on assets
4.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
54 d late
2022
30 d late
2021
11 d early
2020
96 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€106k▲ 23.2%
2023 · €86k
2018: €39k
2019: €47k
2020: €24k
2021: €66k
2022: €57k
2023: €86k
2018 → 2024
Total assets
€437k▲ 262%
2023 · €121k
2018: €80k
2019: €68k
2020: €68k
2021: €71k
2022: €68k
2023: €121k
2018 → 2024
Net result
€20k▼ 31.3%
2023 · €29k
2018: €2k
2019: €7k
2020: €-22k
2021: €42k
2022: €22k
2023: €29k
2018 → 2024
Working capital
€-47k
2023 · €16k
2018: €-17k
2019: €9k
2020: €30k
2021: €35k
2022: €41k
2023: €16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€24k-€66k▲ 172%€57k▼ 14.0%€86k▲ 50.9%€106k▲ 23.2%
Operating result€-22k-€43k€23k▼ 45.6%€38k▲ 63.3%€28k▼ 25.6%
Net result€-22k-€42k€22k▼ 46.4%€29k▲ 29.1%€20k▼ 31.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 26% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €437k
Fixed assets
€364k▲ 348%
Current assets
€73k▲ 85.1%
Equity and liabilities €437k
Equity
€106k▲ 23.2%
Debt
€332k▲ 847%
The debt ratio rises from 29.0% to 75.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68k▲
2023 · €49k
Cash flow
€60k▲
2023 · €40k
Solvency
24.2%▼
2023 · 71.0%
Current ratio
0.61▼
2023 · 1.67
Quick ratio
0.57▼
2023 · 1.59
Debt / equity
3.14▲
2023 · 0.41
ROE
18.8%▼
2023 · 33.7%
ROA
4.6%▼
2023 · 24.0%
Interest coverage
8.61▼
2023 · 76.57
Debt
€332k▲
2023 · €35k
Debt ≤ 1 year
€120k▲
2023 · €24k
Debt > 1 year
€212k▲
2023 · €11k
Income taxes
€387▼
2023 · €8k
Staff costs
€20k▼
2023 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€121k€437k▲
Fixed assets21/28€81k€364k▲
Tangible fixed assets22/27€81k€364k▲
Land and buildings22€52k€342k▲
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€1k€510▼
Leasing and similar rights25€17k€13k▼
Current assets29/58€39k€73k▲
Stocks and contracts in progress3€2k€4k▲
Stocks30/36€2k€4k▲
Amounts receivable within one year40/41€14k€49k▲
Trade receivables40€730€49k▲
Other amounts receivable41€14k€558▼
Cash at bank and in hand54/58€19k€15k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€121k€437k▲
Equity10/15€86k€106k▲
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€83k€103k▲
Amounts payable17/49€35k€332k▲
Amounts payable after more than one year17€11k€212k▲
Financial debts170/4€11k€212k▲
Amounts payable within one year42/48€24k€120k▲
Current portion of amounts payable after more than one year42€3k€24k▲
Trade debts44€7k€46k▲
Suppliers440/4€7k€46k▲
Taxes, remuneration and social security45€10k€3k▼
Taxes450/3€9k€1k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€3k€48k▲
Accrued charges and deferred income492/3€757€0▼
Income statement
Code20232024
Non-recurring operating income76A€325€0▼
Remuneration, social security and pensions62€31k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€40k▲
Other operating charges640/8€333€590▲
Non-recurring operating charges66A-€0
Gross operating margin9900€81k€89k▲
Operating profit (loss)9901€38k€28k▼
Financial income75/76B€1€15▲
Recurring financial income75€1€15▲
Financial charges65/66B€642€8k▲
Recurring financial charges65€642€8k▲
Profit (loss) for the period before taxes9903€37k€20k▼
Income taxes67/77€8k€387▼
Profit (loss) for the period9904€29k€20k▼
Profit (loss) for the period to be appropriated9905€29k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€103k▲
Profit (loss) brought forward from the previous period14P€54k€83k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €100kEq €106k ▲23.2%
4 profitable years in a row build equity to €106k.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 96 days late
2020
31-12
Financial
Weakest financial yearnet €-22k ▼406%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.79
Current ratio from 1.73 to 5.79; short-term debt falls from €12k to €6k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.73
Current ratio from 0.54 to 1.73; short-term debt falls from €36k to €12k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Izegem · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Melkmarkt 48870 IzegemGround area
309 m²
Building footprint
95 m²
Parcel 36008A0758/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
Faggio Rosso BVBA
since 20082.209.714.537
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0758/00M000 | Flanders | 309 m² | 1 · 95 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,050 EUR awarded · 3,050 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 50 EUR | 50 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.209.714.537
Dual-learning approval
7 live approvalsHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Show 1 more
Restaurant en keuken duaal (so)
Similar companies · same sector, comparable size
OHUY
BE 0793.680.031
Grâce-Hollogne · Eq €106k
YANG OU
BE 0897.049.466
Dinant · Eq €106k
ROMAKING
BE 0776.611.296
Namur · Eq €106k
TRATTORIA BORSALINO
BE 0870.071.786
Middelkerke · Eq €106k
DE BAROMETER
BE 0476.841.904
Middelkerke · Eq €106k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 7,753 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-2008
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.