Summary
FAGO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,115 and a net result of -€2,450. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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 12,321 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,453 | €1,453 | €1,453 | €4,522 | €3,823 | ▼ 15.5% |
| Other operating charges640/8 | €2,567 | €2,734 | €2,866 | €4,092 | €2,972 | ▼ 27.4% |
| Gross operating margin9900 | -€5,975 | €4,827 | €3,682 | €5,335 | €4,345 | ▼ 18.6% |
| Operating profit (loss)9901 | -€9,995 | €641 | -€637 | -€3,279 | -€2,450 | ▲ 25.3% |
| Financial charges65/66B | €159 | €183 | - | - | - | - |
| Recurring financial charges65 | €159 | €183 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€10,154 | €457 | -€637 | -€3,279 | -€2,450 | ▲ 25.3% |
| Profit (loss) for the period9904 | -€10,154 | €457 | -€637 | -€3,279 | -€2,450 | ▲ 25.3% |
| Profit (loss) for the period to be appropriated9905 | -€10,154 | €457 | -€637 | -€3,279 | -€2,450 | ▲ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,410 | €78,581 | €77,844 | €74,565 | €72,115 | ▼ 3.3% |
| Fixed assets21/28 | €27,403 | €25,950 | €24,497 | €56,362 | €52,540 | ▼ 6.8% |
| Tangible fixed assets22/27 | €27,403 | €25,950 | €24,497 | €56,362 | €52,540 | ▼ 6.8% |
| Land and buildings22 | €27,403 | €25,950 | €24,497 | €56,362 | €52,540 | ▼ 6.8% |
| Current assets29/58 | €53,007 | €52,631 | €53,347 | €18,202 | €19,575 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €51,965 | €49,802 | €53,347 | €18,202 | €19,575 | ▲ 7.5% |
| Other amounts receivable41 | €51,965 | €49,802 | €53,347 | €18,202 | €19,575 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €1,041 | €2,829 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,410 | €78,581 | €77,844 | €74,565 | €72,115 | ▼ 3.3% |
| Equity10/15 | €78,024 | €78,481 | €77,844 | €74,565 | €72,115 | ▼ 3.3% |
| Contributions10/11 | €82,000 | €82,000 | €82,000 | €82,000 | €82,000 | = |
| Capital10 | €82,000 | €82,000 | €82,000 | €82,000 | €82,000 | = |
| Issued capital100 | €82,000 | €82,000 | €82,000 | €82,000 | €82,000 | = |
| Reserves13 | €8,180 | €8,180 | €8,180 | €8,180 | €8,180 | = |
| Non-distributable reserves130/1 | €8,180 | €8,180 | €8,180 | €8,180 | €8,180 | = |
| Legal reserve130 | €8,180 | €8,180 | €8,180 | €8,180 | €8,180 | = |
| Profit (loss) carried forward14 | -€12,156 | -€11,699 | -€12,336 | -€15,615 | -€18,065 | ▼ 15.7% |
| Amounts payable17/49 | €2,386 | €100 | - | - | - | - |
| Amounts payable within one year42/48 | €2,386 | €100 | - | - | - | - |
| Trade debts44 | €2,386 | €100 | - | - | - | - |
| Suppliers440/4 | €2,386 | €100 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,154 | €457 | -€637 | -€3,279 | -€2,450 | ▲ 25.3% |
| + Depreciation and write-downs630 | €1,453 | €1,453 | €1,453 | €4,522 | €3,823 | ▼ 15.5% |
| Operating cash flow (approximation) | -€8,701 | €1,910 | €816 | €1,243 | €1,373 | ▲ 10.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€36,387 | €0 | ▲ 100% |
| Change in cash | - | €1,788 | - | - | - | - |
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
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E1428/00D000 | Flanders | 586 m² | 1 · 418 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
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