Equity
-€185,570
Debts exceed assets in financial year 2025.
FALS
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1984peak €817,178 (2021)
€341,137▲ 74.3%
lowest -€390,324 (2024)
-€203,968▲ €186,356
peak €1.2m (2021)
-€185,570▼ €209,802
€878,900▲ 12.6%
peak 12 FTE (2006)
7.1 FTE▼ 1.4%
Board6 names since 2023
3 directorsARLO and 2 others
Owners2 names in the annual accounts
100%RLE INVEST
Documentsfilings and deeds
09-06-202652 days before the deadline
2025financial year
Gross margin from €195,753 to €341,137Loss of €203,968Appointment: Xavier Suin SRL (managing director) 12-12Demerger: FALS splits off to TERO HOUSE ROCHEFORT 24-02Equity from €24,231 to -€185,570Investments €247,193
Key points
from the 2025 annual accountsLosses
-€594,291 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€878,900 127% of the balance sheet
Financial debts 26%Suppliers 37%Taxes and wages 4%Other 33%
Of this, €609,271 falls due within a year.
Staff
7.1 FTE from 12 in 2006
Between 2006 and 2025, 41% of the full-time equivalents disappeared.
Liquidity
0.34 was 0.92 in 2024
Short-term debts rose from €478,563 to €609,271.
At the same address
52 companies
Checked score
31
Weak
Financially stronger than 6% of micro companies in accommodation (NACE 55)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.4%▲ +0.2 percentage points vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 5.5%▲ +4.9 percentage points vs 07-2025
09-2025: 5.5%● unchanged vs 08-2025
10-2025: 5.5%● unchanged vs 09-2025
11-2025: 5.5%● unchanged vs 10-2025
12-2025: 5.5%● unchanged vs 11-2025
01-2026: 5.5%● unchanged vs 12-2025
02-2026: 5.5%● unchanged vs 01-2026
03-2026: 5.5%● unchanged vs 02-2026
04-2026: 5.6%▲ +0.1 percentage points vs 03-2026
05-2026: 5.9%▲ +0.3 percentage points vs 04-2026
06-2026: 6.2%▲ +0.3 percentage points vs 05-2026
07-2026: 7.3%▲ +1.1 percentage points vs 06-2026highest value
08-2026: 7.3%● unchanged vs 07-2026highest value
09-2026: 7.3%● unchanged vs 08-2026highest value
10-2026: 7.3%● unchanged vs 09-2026highest value
11-2026: 7.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€185,570
Loss of €203,968, the second in a row (financial year 2025)
Size: 7.1 FTE, total assets €693,329
1 change of registered office in 24 months
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 55, micro). It does better than 8% of them on solvency, 8% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 6,619 companies had the same profile as FALS has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FALS itself is higher: 7.3% within 12 months. It rests on far more data about FALS than the profile alone.
Test of the method
The method was tested on the 497,448 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 6,619 companies, not a prediction for FALS. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (0.92 in 2024), below 1. Short-term debt is 87.9% and cash 2.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€185,570
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 days early
2024
8 days early
2023
12 days early
2022
22 days late
2021
26 days late
2020
29 days early
2019
9 days early
← 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 9 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% 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 23 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- RLE INVEST 100%score 84equity €11.5m (2025) · 2025 annual accounts of RLE INVEST
Recent changes
Resignation: Xavier Suin SRL (director)
Permanent representative: Xavier Suin · General meeting of 20-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0424336891
Appointment: Xavier Suin SRL (managing director)
General meeting of 18-11-2025 · Gazette deed
Demerger: FALS splits off to TERO HOUSE ROCHEFORT
Registered office moved from Rochefort to Waterloo · New registered office: Chaussée de Tervuren, nº 389, 1410 Waterloo · Previous registered office: rue de Behogne, n° 46, 5580 ROCHEFORT · General meeting of 31-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FALS Waterloo | €693,329 | €341,137 | -26.8% | 7.1 |
| THE NEW GALAXY Saint-Josse-ten-Noode | €688,225 | €307,529 | 37.0% | 5.8 |
| DE WITTE LELIE Antwerp | €687,362 | €460,670 | -141.5% | 6.7 |
| S.A Baraque Michel Jalhay | €850,108 | €244,448 | 14.8% | 5.9 |
| ARASS HOTEL & BUSINESS FLATS Antwerp | €452,375 | €451,929 | -372.6% | 8.4 |
| DIMOTEL Liège | €553,955 | €491,749 | -57.6% | 9.6 |
| Hotel Pacific Ostend | €897,226 | €483,591 | 24.5% | 9.7 |
These companies have the same main activity as FALS: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €452,000 and €897,000, founded between 1981 and 1991.
Official details
Source: KBO- Status
- Active since 10-08-1983Normal situation
- Registered office
- 53 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Hotels and similar accommodationNACE 55100and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment units
- 2.022.761.8835580 Rochefort, since 01-10-1983
- 2.376.223.7475580 Rochefort, since 01-01-2024and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 20-05-2026
Annual accounts 2025
- ≈ €590,000estimated
- €693,329▼ 13.8%
- Employeeson 31-12-2025
- 8=
- Filing
- Filed on 09-06-2026, 52 days before the end of the filing period
Companies linked to FALS
Parent and group
Insights on FALS
FALS has existed since 1983. The gross margin fell from €817,178 in 2021 to €286,553 in 2022 and staff from 10.4 to 5.6 full-time equivalents.
Solvency fell in 2025 from 3.0% to -26.8% because of the loss.
RLE INVEST holds all the shares.
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 FALS
- What is the company number of FALS?
- The company number of FALS is 0424.336.891. The VAT number is the same number with BE in front: BE 0424.336.891.
- Where is FALS based?
- The registered office is at Chaussée de Tervuren 389, 1410 Waterloo.Company details
- What does FALS do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of FALS?
- FALS is a private limited company (BV).
- When was FALS founded?
- FALS was founded on 10-08-1983.
- Is FALS still active?
- Yes, FALS is an active enterprise in the KBO register.
- How many employees does FALS have?
- FALS had an average of 7.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FALS fall under?
- In its 2025 annual accounts, FALS states joint committee 302 (Hotels and catering).
- What is the turnover of FALS?
- The turnover in financial year 2025 is ≈ €590,000. This figure is estimated from the gross margin of €341,137 and 34 comparable companies (NACE 55). It probably lies between €490,000 and €770,000.
- Is FALS profitable?
- In financial year 2025, FALS made a loss of €203,968.
- Where can I find the annual accounts of FALS?
- FALS filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FALS due?
- FALS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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