FAIMINE
ActiveSummary
FAIMINE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €609k and a net result of €-95k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-12
Solvency49▼-3
Growth67▼-1
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.12 in 2023; short-term debt: 57.4% and cash: 15.1% of total assets), and 76.2% of the assets are financed with debt.
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 · 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 · 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
23.8%
Return on assets
-3.7%
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 13-09-2025, 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
44 d late
2023
61 d late
2022
31 d late
2021
119 d late
2020
28 d late
2019
33 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€11.77M▲ 1.3%
2023 · €11.62M
2018: €4.18Mlowest in 7 years
2019: €7.27M▲ +74.0% vs 2018
2020: €9.48M▲ +30.4% vs 2019
2021: €10.10M▲ +6.5% vs 2020
2022: €10.67M▲ +5.6% vs 2021
2023: €11.62M▲ +8.9% vs 2022
2024: €11.77M▲ +1.3% vs 2023highest in 7 years
2018 → 2024
EBIT margin
-0.1%▼ 0.8pp
2023 · 0.7%
2018: 4.6%highest in 7 years
2019: 3.9%▼ -15.3% vs 2018
2020: 4.0%▲ +3.1% vs 2019
2021: 2.0%▼ -51.3% vs 2020
2022: -0.4%▼ -119% vs 2021lowest in 7 years
2023: 0.7%▲ +284% vs 2022
2024: -0.1%▼ -116% vs 2023
2018 → 2024
Net result
€-95k
2023 · €31k
2018: €182k
2019: €237k▲ +30.0% vs 2018
2020: €264k▲ +11.2% vs 2019highest in 7 years
2021: €-70k▼ -126% vs 2020
2022: €-94k▼ -35.3% vs 2021
2023: €31k▲ +133% vs 2022
2024: €-95k▼ -407% vs 2023lowest in 7 years
2018 → 2024
Working capital
€29k▼ 81.8%
2023 · €158k
2018: €-333klowest in 7 years
2019: €36k▲ +111% vs 2018
2020: €211k▲ +494% vs 2019highest in 7 years
2021: €110k▼ -48.0% vs 2020
2022: €75k▼ -32.0% vs 2021
2023: €158k▲ +111% vs 2022
2024: €29k▼ -81.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€9.48M-€10.10M▲ 6.5%€10.67M▲ 5.6%€11.62M▲ 8.9%€11.77M▲ 1.3%
2020: €9.48Mlowest in 5 years
2021: €10.10M▲ +6.5% vs 2020
2022: €10.67M▲ +5.6% vs 2021
2023: €11.62M▲ +8.9% vs 2022
2024: €11.77M▲ +1.3% vs 2023highest in 5 years
Equity€836k-€767k▼ 8.3%€673k▼ 12.3%€703k▲ 4.6%€609k▼ 13.4%
2020: €836khighest in 5 years
2021: €767k▼ -8.3% vs 2020
2022: €673k▼ -12.3% vs 2021
2023: €703k▲ +4.6% vs 2022
2024: €609k▼ -13.4% vs 2023lowest in 5 years
Operating result€380k-€197k▼ 48.1%€-40k€81k€-13k
2020: €380khighest in 5 years
2021: €197k▼ -48.1% vs 2020
2022: €-40k▼ -120% vs 2021lowest in 5 years
2023: €81k▲ +300% vs 2022
2024: €-13k▼ -116% vs 2023
Net result€264k-€-70k€-94k▼ 35.3%€31k€-95k
2020: €264khighest in 5 years
2021: €-70k▼ -126% vs 2020
2022: €-94k▼ -35.3% vs 2021
2023: €31k▲ +133% vs 2022
2024: €-95k▼ -407% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €81k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.56M
Fixed assets
€1.06M ▼ 12.5%
Current assets
€1.50M ▲ 4.9%
Equity and liabilities €2.56M
Equity
€609k ▼ 13.4%
Debt
€1.95M ▲ 0.7%
Debt's share of the balance-sheet total rises from 73.4% to 76.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€243k▼
2023 · €342k
Cash flow
€161k▼
2023 · €292k
Current ratio
1.02▼
2023 · 1.12
Quick ratio
0.55▲
2023 · 0.54
Debt to equity
3.20▲
2023 · 2.75
ROE
-15.5%▼
2023 · 4.4%
ROA
-3.7%▼
2023 · 1.2%
Interest coverage
4.25▼
2023 · 5.48
Debt ≤ 1 year
€1.47M▲
2023 · €1.27M
Debt > 1 year
€481k▼
2023 · €666k
Income taxes
€8k▲
2023 · €-892
Staff costs
€606k▼
2023 · €704k
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 · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.64M€2.56M▼
Formation expenses20€0€0=
Fixed assets21/28€1.21M€1.06M▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€1.19M€1.03M▼
Land and buildings22€675k€595k▼
Plant, machinery and equipment23€395k€324k▼
Furniture and vehicles24€125k€108k▼
Financial fixed assets28€16k€33k▲
Current assets29/58€1.43M€1.50M▲
Stocks and contracts in progress3€739k€687k▼
Stocks30/36€739k€687k▼
Amounts receivable within one year40/41€203k€413k▲
Trade receivables40€70k€294k▲
Other amounts receivable41€133k€119k▼
Cash at bank and in hand54/58€475k€386k▼
Deferred charges and accrued income490/1€11k€13k▲
Equity and liabilities
Total equity and liabilities10/49€2.64M€2.56M▼
Equity10/15€703k€609k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€593k€499k▼
Amounts payable17/49€1.94M€1.95M▲
Amounts payable after more than one year17€666k€481k▼
Financial debts170/4€663k€477k▼
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€1.27M€1.47M▲
Current portion of amounts payable after more than one year42€160k€173k▲
Trade debts44€813k€1.02M▲
Suppliers440/4€813k€1.02M▲
Taxes, remuneration and social security45€86k€64k▼
Remuneration and social security454/9€86k€64k▼
Other amounts payable47/48€212k€212k▼
Income statement
Code20232024
Turnover70€11.62M€11.77M▲
Non-recurring operating income76A€433€4k▲
Goods, raw materials, services and sundry goods60/61€10.70M€11.24M▲
Remuneration, social security and pensions62€704k€606k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€261k€256k▼
Other operating charges640/8€55k€53k▼
Non-recurring operating charges66A€900€4k▲
Gross operating margin9900€1.10M€905k▼
Operating profit (loss)9901€81k€-13k▼
Financial income75/76B€12k€3k▼
Recurring financial income75€12k€3k▼
Financial charges65/66B€62k€77k▲
Recurring financial charges65€62k€57k▼
Non-recurring financial charges66B-€19k
Profit (loss) for the period before taxes9903€30k€-86k▼
Income taxes67/77€-892€8k▲
Profit (loss) for the period9904€31k€-95k▼
Profit (loss) for the period to be appropriated9905€31k€-95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€593k€499k▼
Profit (loss) brought forward from the previous period14P€563k€593k▲
Social balance
Average headcount (FTE)908720.018.5▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9.48M | €10.10M | €10.67M | €11.62M | €11.77M | ▲ 1.3% |
| Non-recurring operating income76A | - | €8k | €3k | €433 | €4k | ▲ 919% |
| Goods, raw materials, services and sundry goods60/61 | - | €9.11M | €9.76M | €10.70M | €11.24M | ▲ 5.0% |
| Remuneration, social security and pensions62 | - | €474k | €608k | €704k | €606k | ▼ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €265k | €291k | €292k | €261k | €256k | ▼ 2.1% |
| Other operating charges640/8 | - | €31k | €34k | €55k | €53k | ▼ 4.4% |
| Non-recurring operating charges66A | - | €7k | €15k | €900 | €4k | ▲ 295% |
| Gross operating margin9900 | €1.09M | €1.00M | €909k | €1.10M | €905k | ▼ 17.8% |
| Operating profit (loss)9901 | €380k | €197k | €-40k | €81k | €-13k | ▼ 116% |
| Financial income75/76B | - | €9k | €5k | €12k | €3k | ▼ 71.0% |
| Recurring financial income75 | €19k | €9k | €5k | €12k | €3k | ▼ 71.0% |
| Financial charges65/66B | - | €48k | €54k | €62k | €77k | ▲ 22.6% |
| Recurring financial charges65 | €53k | €48k | €54k | €62k | €57k | ▼ 8.4% |
| Non-recurring financial charges66B | - | - | - | - | €19k | - |
| Profit (loss) for the period before taxes9903 | €346k | €159k | €-90k | €30k | €-86k | ▼ 389% |
| Income taxes67/77 | €83k | €228k | €4k | €-892 | €8k | ▲ 1,033% |
| Profit (loss) for the period9904 | €264k | €-70k | €-94k | €31k | €-95k | ▼ 407% |
| Profit (loss) for the period to be appropriated9905 | €264k | €-70k | €-94k | €31k | €-95k | ▼ 407% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.95M | €2.94M | €2.83M | €2.64M | €2.56M | ▼ 3.1% |
| Formation expenses20 | €1k | €664 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €1.85M | €1.67M | €1.42M | €1.21M | €1.06M | ▼ 12.5% |
| Intangible fixed assets21 | €5k | €4k | €3k | €2k | €1k | ▼ 38.1% |
| Tangible fixed assets22/27 | €1.84M | €1.66M | €1.40M | €1.19M | €1.03M | ▼ 14.0% |
| Land and buildings22 | - | €904k | €788k | €675k | €595k | ▼ 11.8% |
| Plant, machinery and equipment23 | - | €570k | €467k | €395k | €324k | ▼ 17.9% |
| Furniture and vehicles24 | - | €182k | €149k | €125k | €108k | ▼ 13.5% |
| Financial fixed assets28 | €9k | €13k | €16k | €16k | €33k | ▲ 104% |
| Current assets29/58 | €1.09M | €1.27M | €1.41M | €1.43M | €1.50M | ▲ 4.9% |
| Stocks and contracts in progress3 | €472k | €564k | €693k | €739k | €687k | ▼ 7.1% |
| Stocks30/36 | - | €564k | €693k | €739k | €687k | ▼ 7.1% |
| Amounts receivable within one year40/41 | €134k | €310k | €148k | €203k | €413k | ▲ 103% |
| Trade receivables40 | - | €192k | €82k | €70k | €294k | ▲ 318% |
| Other amounts receivable41 | - | €118k | €66k | €133k | €119k | ▼ 10.4% |
| Cash at bank and in hand54/58 | €406k | €387k | €561k | €475k | €386k | ▼ 18.8% |
| Deferred charges and accrued income490/1 | - | €9k | €4k | €11k | €13k | ▲ 15.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.95M | €2.94M | €2.83M | €2.64M | €2.56M | ▼ 3.1% |
| Equity10/15 | €836k | €767k | €673k | €703k | €609k | ▼ 13.4% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | €100k | €100k | €100k | €100k | = |
| Issued capital100 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €726k | €657k | €563k | €593k | €499k | ▼ 15.9% |
| Amounts payable17/49 | €2.11M | €2.18M | €2.16M | €1.94M | €1.95M | ▲ 0.7% |
| Amounts payable after more than one year17 | €1.23M | €1.02M | €825k | €666k | €481k | ▼ 27.8% |
| Financial debts170/4 | - | €1.01M | €821k | €663k | €477k | ▼ 28.0% |
| Other amounts payable178/9 | - | €4k | €4k | €4k | €4k | = |
| Amounts payable within one year42/48 | €883k | €1.16M | €1.33M | €1.27M | €1.47M | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | - | €211k | €218k | €160k | €173k | ▲ 8.1% |
| Trade debts44 | €591k | €673k | €831k | €813k | €1.02M | ▲ 25.6% |
| Suppliers440/4 | - | €673k | €831k | €813k | €1.02M | ▲ 25.6% |
| Taxes, remuneration and social security45 | - | €275k | €72k | €86k | €64k | ▼ 25.4% |
| Taxes450/3 | - | €220k | €0 | - | - | - |
| Remuneration and social security454/9 | - | €55k | €72k | €86k | €64k | ▼ 25.4% |
| Other amounts payable47/48 | - | - | €210k | €212k | €212k | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €291 | €193 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €264k | €-70k | €-94k | €31k | €-95k | ▼ 407% |
| + Depreciation and write-downs630 | €265k | €291k | €292k | €261k | €256k | ▼ 2.1% |
| Operating cash flow (approximation) | €529k | €221k | €198k | €292k | €161k | ▼ 44.8% |
| Investment in fixed assets (approximation) | - | €-110k | €-43k | €-51k | €-105k | ▼ 107% |
| Change in cash | - | €-19k | €174k | €-86k | €-90k | ▼ 4.5% |
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
2025
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 44 days late
2024
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 119 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 28 days late
2020
31-12
Financial
Highest result since 2018net €264k ▲11.2%
Operating result €380k, net result €264k, both a record.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 33 days late
2019
31-12
Financial
Equity above €500kEq €573k ▲70.6%
2 profitable years in a row build equity to €573k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
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.
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Directors · office · real estate
Directors
7 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, Faimes · 1 establishment unit since 2008
Ground area
1.0 ha
Building footprint
1,613 m²
Parcel 64016A0309/00T002, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Intermarché-Faimes
since 20082.190.821.907
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64016A0309/00T002 | Wallonia | 1.0 ha | 1 · 1,613 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFaimes2.190.821.907
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Of 2,347 companies in sector 47621 we hold annual accounts for 1,248. 746 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47621Retail sale of newspapers and periodicals
Scores and ratios are computed by Checked and are not a credit decision.