FAID
ActiveSummary
The computed 12-month bankruptcy probability of FAID is 2.1% (moderate). For FAID, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €44k and a net result of €10k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 48% of 23173 sector peers (fiscal year 2022). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability77▼-12
Solvency55▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
30.2%
Return on assets
6.9%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-09-2023, 44 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
not filed
2023
not filed
2022
44 d late
2021
57 d late
2020
72 d late
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10k▼ 8.5%
2021 · €11k
2018: €2k
2019: €13k▲ +404% vs 2018highest in 5 years
2020: €-9k▼ -170% vs 2019lowest in 5 years
2021: €11k▲ +228% vs 2020
2022: €10k▼ -8.5% vs 2021
2018 → 2022
Working capital
€117k▲ 354%
2021 · €26k
2018: €36k
2019: €68k▲ +89.9% vs 2018
2020: €77k▲ +13.5% vs 2019
2021: €26k▼ -66.4% vs 2020lowest in 5 years
2022: €117k▲ +354% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€19k-€32k▲ 64.5%€23k▼ 27.3%€34k▲ 47.9%€44k▲ 29.6%
2018: €19klowest in 5 years
2019: €32k▲ +64.5% vs 2018
2020: €23k▼ -27.3% vs 2019
2021: €34k▲ +47.9% vs 2020
2022: €44k▲ +29.6% vs 2021highest in 5 years
Operating result€4k-€20k▲ 349%€-5k€12k€15k▲ 19.0%
2018: €4k
2019: €20k▲ +349% vs 2018highest in 5 years
2020: €-5k▼ -126% vs 2019lowest in 5 years
2021: €12k▲ +338% vs 2020
2022: €15k▲ +19.0% vs 2021
Net result€2k-€13k▲ 404%€-9k€11k€10k▼ 8.5%
2018: €2k
2019: €13k▲ +404% vs 2018highest in 5 years
2020: €-9k▼ -170% vs 2019lowest in 5 years
2021: €11k▲ +228% vs 2020
2022: €10k▼ -8.5% vs 2021
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 19% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €147k
Fixed assets
€6k ▼ 53.3%
Current assets
€141k ▲ 160%
Equity and liabilities €147k
Equity
€44k ▲ 29.6%
Debt
€103k ▲ 208%
Debt's share of the balance-sheet total rises from 49.3% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▼
2021 · €17k
Cash flow
€10k▼
2021 · €16k
Current ratio
5.97▲
2021 · 1.91
Quick ratio
4.46▲
2021 · 0.66
Debt to equity
2.31▲
2021 · 0.97
ROE
22.9%▼
2021 · 32.4%
ROA
6.9%▼
2021 · 16.4%
Interest coverage
15.20▼
2021 · 15.36
Debt ≤ 1 year
€24k▼
2021 · €28k
Income taxes
€4k▲
2021 · €182
Staff costs
€84▼
2021 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 51 lines
Balance sheet
Code20212022
Assets
Total assets20/58€68k€147k▲
Fixed assets21/28€13k€6k▼
Tangible fixed assets22/27€10k€342▼
Furniture and vehicles24€10k€342▼
Financial fixed assets28€3k€6k▲
Current assets29/58€54k€141k▲
Stocks and contracts in progress3€36k€36k=
Stocks30/36€36k€36k=
Amounts receivable within one year40/41€12k€99k▲
Trade receivables40€12k€92k▲
Other amounts receivable41-€7k
Cash at bank and in hand54/58€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€68k€147k▲
Equity10/15€34k€44k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€10k€10k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€8k€8k=
Profit (loss) carried forward14€6k€16k▲
Amounts payable17/49€33k€103k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€28k€24k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€4k€3k▼
Credit institutions430/8€4k€3k▼
Trade debts44€18k€9k▼
Suppliers440/4€18k€9k▼
Taxes, remuneration and social security45€1k€6k▲
Taxes450/3-€4k
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48-€23
Accrued charges and deferred income492/3-€79k
Income statement
Code20212022
Remuneration, social security and pensions62€3k€84▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€200▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€22k€16k▼
Operating profit (loss)9901€12k€15k▲
Financial income75/76B€5€0▼
Recurring financial income75€5€0▼
Financial charges65/66B€1k€984▼
Recurring financial charges65€1k€984▼
Profit (loss) for the period before taxes9903€11k€14k▲
Income taxes67/77€182€4k▲
Profit (loss) for the period9904€11k€10k▼
Profit (loss) for the period to be appropriated9905€11k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€16k▲
Profit (loss) brought forward from the previous period14P€-5k€6k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3k | €84 | ▼ 97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €6k | €5k | €5k | €200 | ▼ 95.9% |
| Other operating charges640/8 | - | - | - | €1k | €1k | ▲ 0.3% |
| Gross operating margin9900 | €10k | €28k | €2k | €22k | €16k | ▼ 25.0% |
| Operating profit (loss)9901 | €4k | €20k | €-5k | €12k | €15k | ▲ 19.0% |
| Financial income75/76B | - | - | - | €5 | €0 | ▼ 90.7% |
| Recurring financial income75 | €25 | €28 | €164 | €5 | €0 | ▼ 90.7% |
| Financial charges65/66B | - | - | - | €1k | €984 | ▼ 12.9% |
| Recurring financial charges65 | €821 | €2k | €1k | €1k | €984 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €4k | €18k | €-7k | €11k | €14k | ▲ 22.1% |
| Income taxes67/77 | €1k | €6k | €2k | €182 | €4k | ▲ 1,890% |
| Profit (loss) for the period9904 | €2k | €13k | €-9k | €11k | €10k | ▼ 8.5% |
| Profit (loss) for the period to be appropriated9905 | €2k | €13k | €-17k | €11k | €10k | ▼ 8.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91k | €113k | €109k | €68k | €147k | ▲ 118% |
| Fixed assets21/28 | €25k | €23k | €18k | €13k | €6k | ▼ 53.3% |
| Intangible fixed assets21 | €840 | €412 | - | - | - | - |
| Tangible fixed assets22/27 | €24k | €19k | €15k | €10k | €342 | ▼ 96.5% |
| Furniture and vehicles24 | - | - | - | €10k | €342 | ▼ 96.5% |
| Financial fixed assets28 | - | €3k | €3k | €3k | €6k | ▲ 69.0% |
| Current assets29/58 | €67k | €90k | €91k | €54k | €141k | ▲ 160% |
| Stocks and contracts in progress3 | €36k | €36k | €36k | €36k | €36k | = |
| Stocks30/36 | - | - | - | €36k | €36k | = |
| Amounts receivable within one year40/41 | €22k | €46k | €48k | €12k | €99k | ▲ 729% |
| Trade receivables40 | - | - | - | €12k | €92k | ▲ 667% |
| Other amounts receivable41 | - | - | - | - | €7k | - |
| Cash at bank and in hand54/58 | €8k | €8k | €7k | €7k | €6k | ▼ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91k | €113k | €109k | €68k | €147k | ▲ 118% |
| Equity10/15 | €19k | €32k | €23k | €34k | €44k | ▲ 29.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | - | - | €19k | €19k | = |
| Issued capital100 | - | - | - | €19k | €19k | = |
| Reserves13 | €124 | €2k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Legal reserve130 | - | - | - | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | - | €8k | €8k | = |
| Profit (loss) carried forward14 | €651 | €11k | €-5k | €6k | €16k | ▲ 174% |
| Amounts payable17/49 | €72k | €81k | €86k | €33k | €103k | ▲ 208% |
| Amounts payable after more than one year17 | €19k | €15k | €10k | €5k | - | - |
| Financial debts170/4 | - | - | - | €5k | - | - |
| Amounts payable within one year42/48 | €31k | €22k | €14k | €28k | €24k | ▼ 16.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | €5k | ▲ 1.5% |
| Financial debts43 | - | - | - | €4k | €3k | ▼ 22.8% |
| Credit institutions430/8 | - | - | - | €4k | €3k | ▼ 22.8% |
| Trade debts44 | €1k | €6k | €8k | €18k | €9k | ▼ 47.7% |
| Suppliers440/4 | - | - | - | €18k | €9k | ▼ 47.7% |
| Taxes, remuneration and social security45 | - | - | - | €1k | €6k | ▲ 315% |
| Taxes450/3 | - | - | - | - | €4k | - |
| Remuneration and social security454/9 | - | - | - | €1k | €2k | ▲ 63.8% |
| Other amounts payable47/48 | - | - | - | - | €23 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €79k | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €13k | €-9k | €11k | €10k | ▼ 8.5% |
| + Depreciation and write-downs630 | €1k | €6k | €5k | €5k | €200 | ▼ 95.9% |
| Operating cash flow (approximation) | €4k | €18k | €-3k | €16k | €10k | ▼ 35.4% |
| Investment in fixed assets (approximation) | - | €-3k | €-1k | €0 | €7k | - |
| Change in cash | - | €-469 | €-1k | €29 | €-384 | ▼ 1,423% |
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
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 5.97
Current ratio from 1.91 to 5.97; short-term debt falls from €28k to €24k.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €13k ▲404%
Operating result €20k, net result €13k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 234 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 4 days late
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Jette · 1 establishment unit since 2024
Ground area
86 m²
Building footprint
86 m²
Volume, LiDAR
641 m³
Parcel 21463D0190/00P003, Brussels · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TISSUS FAID
since 20242.374.995.609
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0190/00P003 | Brussels | 86 m² | 1 · 86 m² | 12.5 m · 3 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 531 companies in sector 47530 we hold annual accounts for 323. 237 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47530Retail trade
Scores and ratios are computed by Checked and are not a credit decision.