Equity
€47,024 from €836,416 in 2020
Equity fell by 94% in 5 years.
FAIMINE
Lifetime
18 annual accounts with figures on one time axispeak €11.8m (2024)
€9.0m▼ 23.7%
lowest -€561,839 (2025)
-€561,839▼ €467,247
peak €836,416 (2020)
€47,024▼ 92.3%
€1.8m▼ 10.3%
peak 20.5 FTE (2025)
20.5 FTE▲ 10.8%
Board6 names since 2019
-
Owners3 names in the annual accounts
99.8%FAIMIBIS and 2 others
Documentsfilings and deeds
25-09-202656 days late
2025financial year
Turnover from €11.8m to €9.0mGross margin from €905,065 to €450,519Loss of €561,839Staff from 18.5 FTE to 20.5 FTEEquity from €608,863 to €47,024Cash from €385,829 to €113,811
Key points
from the 2025 annual accountsResult
-€561,839 ▼ 494%
The result fell in 2025 from -€94,591 to -€561,839.
Debts
€1.8m 97% of the balance sheet
Financial debts 25%Suppliers 46%Taxes and wages 4%Other 25%
€1.5m of the debts are secured on the company's own assets. In 2021 that was €1.5m.
Investments
€52,726 0.2 × depreciation
Green is investment, beige is depreciation.
Filings
18 annual accounts since 2008
Ten of the last ten came late. The 2021 accounts came latest: 119 days after the end of the period.
Position in the sector
-€561,839
Lower net result than 95% of companies in retail trade. Sector median €39,880 · 5,067 companies.
Checked score
48
Fair
Financially stronger than 10% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%lowest value
01-2025: 0.5%● unchanged vs 12-2024lowest value
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.5 percentage points vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 0.8%▼ -0.6 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.9%▲ +0.1 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 1.7%▲ +0.2 percentage points vs 08-2026
10-2026: 3.1%▲ +1.4 percentage points vs 09-2026highest value
11-2026: 3.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €561,839, the second in a row (financial year 2025)
Equity €47,024 (2.6% of total assets)
Last filed accounts filed 56 days late; 3 of the last 3 accounts late
Sector: Retail trade (NACE 47)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 13% of them on solvency, 17% on liquidity, 5% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 112 companies had the same profile as FAIMINE has now. Each dot is one company, two years later.
91.1%
were still trading
4.5%
stopped another way
3.6%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FAIMINE itself: 3.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 112 companies, not a prediction for FAIMINE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.73 (1.02 in 2024), below 1. Short-term debt is 72.8% and cash 6.3% of total assets. 97.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€561,839
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5068 sector peers (2025).
NBB · sector comparisonPosition among 5068 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
56 days late
2024
44 days late
2023
61 days late
2022
31 days late
2021
119 days late
2020
28 days late
2019
33 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 53 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- FAIMIBIS 99.8%equity €432,433 (2025) · annual accounts 2025
- GEOFFREY VAN DE VELDE 0.01%annual accounts 2025
- I.T.M. BELGIUM 0.01%equity €3.3m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0894535186
2 directors resigning
Change of role: FAIMIBIS, from managing director to sole director · Resignations: STAELENS Mélanie Danielle Ghislaine and STAELENS Mathieu Martin Ghislain · Permanent representative: VAN DE VELDE Geoffrey Edmond Achille · General meeting of 19-01-2024 · Gazette deed
General meeting of 11-01-2021
Gazette deed
3 directors appointed, 3 resignations
Resignations: BASTIN Anne (managing director), STAELENS Mathieu and STAELENS Mathilde · Appointments: FAIMIBIS SA (managing director), STAELENS Mélanie and STAELENS Mathieu · Permanent representative: VAN DE VELDE Geoffrey · General meeting of 11-01-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FAIMINE Faimes | €1.8m | €450,519 | 2.6% | 20.5 |
| 't stad leest Antwerp | €1.4m | €536,601 | 7.5% | 19.8 |
| RJ CONCEPT Hamois | €1.6m | €702,327 | 5.4% | 20.5 |
| ARJI Hamme (Vl.) | €1.3m | €422,339 | 86.1% | 14.8 |
| ATITA Ghent | €1.3m | €727,216 | 64.1% | 17.7 |
| BV VERVIERS Verviers | €1.0m | €547,660 | 30.0% | 14.3 |
| Cyaan & Co Leuven | €1.3m | €617,148 | 21.1% | 10.5 |
These companies have the same main activity as FAIMINE: retail sale of newspapers and periodicals (NACE 47621). They are comparable in size and age: total assets between €1m and €1.6m, founded between 2004 and 2013.
Official details
Source: KBO- Status
- Active since 28-12-2007Normal situation
- Activity
- Retail sale of newspapers and periodicalsNACE 47621and 1 other
- Joint committees
- 119Food trade
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.190.821.9074317 Faimes, since 20-05-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €1.8m▼ 29.8%
- Employeeson 31-12-2025
- 20▲ 11.1%
- Filing
- Filed on 25-09-2026
Insights on FAIMINE
FAIMINE has existed since 2007. Turnover grew from €1.6m in 2008 to €9.0m in 2025 and staff from 4.4 to 20.5 full-time equivalents.
Solvency fell in 2025 from 23.8% to 2.6% because of the loss.
FAIMIBIS holds all the shares. In January 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FAIMINE
- What is the company number of FAIMINE?
- The company number of FAIMINE is 0894.535.186. The VAT number is the same number with BE in front: BE 0894.535.186.
- Where is FAIMINE based?
- The registered office is at Rue de Huy 27, 4317 Faimes.Company details
- What does FAIMINE do?
- According to the KBO register, the main activity is retail sale of newspapers and periodicals (NACE 47621).
- What is the legal form of FAIMINE?
- FAIMINE is a public limited company (NV).
- When was FAIMINE founded?
- FAIMINE was founded on 28-12-2007.
- Is FAIMINE still active?
- Yes, FAIMINE is an active enterprise in the KBO register.
- How many employees does FAIMINE have?
- FAIMINE had an average of 20.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FAIMINE fall under?
- In its 2025 annual accounts, FAIMINE states joint committees 119 (Food trade) and 201 (Independent retail).
- What is the turnover of FAIMINE?
- The turnover of FAIMINE was €9.0m in financial year 2025, according to the filed annual accounts.
- Is FAIMINE profitable?
- In financial year 2025, FAIMINE made a loss of €561,839.
- Where can I find the annual accounts of FAIMINE?
- FAIMINE filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FAIMINE due?
- FAIMINE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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