FAKERI
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 56% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €6,143 | - | €23,254 |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €5,198 | €1,229 | €4,811 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,198 | €1,229 | €4,811 | ▲ 292% |
| Other operating charges640/8 | €93 | €204 | €673 | ▲ 229% |
| Gross operating margin9900 | €13,779 | €12,865 | €23,351 | ▲ 81.5% |
| Operating profit (loss)9901 | €8,489 | €11,433 | €17,867 | ▲ 56.3% |
| Financial charges65/66B | €158 | €269 | €754 | ▲ 180% |
| Recurring financial charges65 | €158 | €269 | €754 | ▲ 180% |
| Profit (loss) for the period before taxes9903 | €8,331 | €11,163 | €17,113 | ▲ 53.3% |
| Income taxes67/77 | €1,369 | €2,246 | €3,887 | ▲ 73.1% |
| Profit (loss) for the period9904 | €6,962 | €8,918 | €13,226 | ▲ 48.3% |
| Profit (loss) for the period to be appropriated9905 | €6,962 | €8,918 | €13,226 | ▲ 48.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16,223 | €23,299 | €41,340 | ▲ 77.4% |
| Fixed assets21/28 | €4,624 | €3,396 | €21,838 | ▲ 543% |
| Tangible fixed assets22/27 | €4,624 | €3,396 | €21,838 | ▲ 543% |
| Furniture and vehicles24 | €4,624 | €3,396 | €21,838 | ▲ 543% |
| Current assets29/58 | €11,599 | €19,903 | €19,501 | ▼ 2.0% |
| Amounts receivable within one year40/41 | - | - | €7,490 | - |
| Trade receivables40 | - | - | €7,323 | - |
| Other amounts receivable41 | - | - | €166 | - |
| Cash at bank and in hand54/58 | €11,599 | €17,809 | €11,163 | ▼ 37.3% |
| Deferred charges and accrued income490/1 | - | €2,094 | €848 | ▼ 59.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16,223 | €23,299 | €41,340 | ▲ 77.4% |
| Equity10/15 | €11,962 | €20,879 | €34,105 | ▲ 63.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €6,962 | €15,879 | €29,105 | ▲ 83.3% |
| Amounts payable17/49 | €4,262 | €2,419 | €7,234 | ▲ 199% |
| Amounts payable within one year42/48 | €4,262 | €2,419 | €7,234 | ▲ 199% |
| Trade debts44 | €312 | €173 | €1,015 | ▲ 486% |
| Suppliers440/4 | €312 | €173 | €1,015 | ▲ 486% |
| Taxes, remuneration and social security45 | €1,369 | €2,246 | €6,220 | ▲ 177% |
| Taxes450/3 | €1,369 | €2,246 | €6,220 | ▲ 177% |
| Other amounts payable47/48 | €2,581 | €1 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,962 | €8,918 | €13,226 | ▲ 48.3% |
| + Depreciation and write-downs630 | €5,198 | €1,229 | €4,811 | ▲ 292% |
| Operating cash flow (approximation) | €12,160 | €10,146 | €18,037 | ▲ 77.8% |
| Investment in fixed assets (approximation) | - | €0 | -€23,254 | - |
| Change in cash | - | €6,210 | -€6,646 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as FAKERI has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FAKERI itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for FAKERI. 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.