FAN-LEBLEU
ActiveSummary
FAN-LEBLEU has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €623k and a net result of €208k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 2276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+1
Solvency100▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.88 against 1.05 in 2024; short-term debt: 20.4% and cash: 54.3% of total assets), and 20.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.6%
Return on assets
26.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
27 d late
2023
36 d early
2022
22 d late
2021
22 d late
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€623k▲ 50.0%
2024 · €415k
2018: €128k
2019: €146k
2020: €265k
2021: €343k
2022: €435k
2023: €484k
2024: €415k
2018 → 2025
Total assets
€783k▲ 5.3%
2024 · €744k
2018: €358k
2019: €309k
2020: €578k
2021: €775k
2022: €594k
2023: €667k
2024: €744k
2018 → 2025
Net result
€208k▲ 17.1%
2024 · €177k
2018: €-90k
2019: €17k
2020: €119k
2021: €78k
2022: €91k
2023: €50k
2024: €177k
2018 → 2025
Working capital
€301k▲ 1,675%
2024 · €17k
2018: €-35k
2019: €15k
2020: €88k
2021: €128k
2022: €144k
2023: €15k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€343k-€435k▲ 26.7%€484k▲ 11.5%€415k▼ 14.3%€623k▲ 50.0%
Operating result€114k-€118k▲ 3.5%€66k▼ 43.6%€259k▲ 291%€303k▲ 16.8%
Net result€78k-€91k▲ 17.1%€50k▼ 45.6%€177k▲ 256%€208k▲ 17.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €783k
Fixed assets
€322k ▼ 19.1%
Current assets
€461k ▲ 33.3%
Equity and liabilities €783k
Equity
€623k ▲ 50.0%
Debt
€160k ▼ 51.3%
Debt's share of the balance-sheet total falls from 44.2% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€376k▲
2024 · €348k
Cash flow
€281k▲
2024 · €266k
Current ratio
2.88▲
2024 · 1.05
Debt to equity
0.26▼
2024 · 0.79
ROE
33.4%▼
2024 · 42.7%
ROA
26.5%▲
2024 · 23.8%
Interest coverage
160.42▼
2024 · 179.46
Debt ≤ 1 year
€160k▼
2024 · €329k
Income taxes
€93k▲
2024 · €82k
Staff costs
€494k▼
2024 · €716k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€744k€783k▲
Fixed assets21/28€398k€322k▼
Tangible fixed assets22/27€398k€322k▼
Land and buildings22€336k€293k▼
Plant, machinery and equipment23€40k€20k▼
Furniture and vehicles24€23k€9k▼
Current assets29/58€346k€461k▲
Stocks and contracts in progress3€11k-
Stocks30/36€11k-
Amounts receivable within one year40/41€91k€34k▼
Trade receivables40€83k€29k▼
Other amounts receivable41€8k€6k▼
Cash at bank and in hand54/58€228k€425k▲
Deferred charges and accrued income490/1€16k€1k▼
Equity and liabilities
Total equity and liabilities10/49€744k€783k▲
Equity10/15€415k€623k▲
Contributions10/11€19k€19k=
Reserves13€397k€604k▲
Distributable reserves133€397k€604k▲
Amounts payable17/49€329k€160k▼
Amounts payable within one year42/48€329k€160k▼
Financial debts43€15k€15k▼
Credit institutions430/8€15k€15k▼
Trade debts44€19k€6k▼
Suppliers440/4€19k€6k▼
Taxes, remuneration and social security45€134k€137k▲
Taxes450/3€81k€112k▲
Remuneration and social security454/9€53k€24k▼
Other amounts payable47/48€161k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€292€106k▲
Remuneration, social security and pensions62€716k€494k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€73k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€6k€6k▼
Gross operating margin9900€1.07M€876k▼
Operating profit (loss)9901€259k€303k▲
Financial income75/76B€2k€73▼
Recurring financial income75€2k€73▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€259k€301k▲
Income taxes67/77€82k€93k▲
Profit (loss) for the period9904€177k€208k▲
Profit (loss) for the period to be appropriated9905€177k€208k▲
Appropriation of the result
Profit (loss) to be appropriated9906€177k€208k▲
Transfer from equity791/2€247k-
Transfer to equity691/2€177k€208k▲
To other reserves6921€177k€208k▲
Profit to be distributed694/7€247k-
Return on contributions (dividend)694€247k-
Social balance
Average headcount (FTE)908714.510.0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Highest result since 2018net €208k ▲17.1%
Operating result €303k, net result €208k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.88
Current ratio from 1.05 to 2.88; short-term debt falls from €329k to €160k.
31-12
Financial
Equity above €500kEq €623k ▲50%
7 profitable years in a row build equity to €623k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €265k ▲82.1%
2 profitable years in a row build equity to €265k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 2 establishment units since 1952
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schomstraat 142600 AntwerpenGround area
291 m²
Building footprint
375 m²
Volume, LiDAR
3,127 m³
2 parcels, Flanders · tallest building 14.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Schomstraat 14, 2600 Antwerpen
since 19522.010.552.949
FAN
since 20232.345.710.319
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0264/00A020 | Flanders | 196 m² | 1 · 196 m² | 10.8 m · 1 fl. |
| 11811L3678/00B002 | Flanders | 94 m² | 1 · 179 m² | 14.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 882 EUR awarded · 882 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 294 EUR | 294 EUR |
| 2024 | 1 | 294 EUR | 294 EUR |
| 2023 | 1 | 294 EUR | 294 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyAntwerpen2.010.552.949
Dual-learning approval
8 endedBanketbakker (so)
Brood- en banketbakker (so)
Brood- en banketbakkerij duaal (so)
Broodbakker (so)
Chocoladebewerker (so)
IJsbereider (so)
Medewerker (banket)bakkerij duaal (so)
Medewerker bakkerij (vwo)
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 5,472 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
90312Arts creation and performing arts activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.