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FANCY

Active
Private limited companyfounded 2001active for 25 yearsAppelmansstraat 25, 2018 Antwerpen, Belgium83 active companies are registered at this addressKBO/BCE: BE 0473.756.215
Summary

The annual accounts of FANCY for financial year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €29,376 and a net result of -€47,177. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 22% of 141 sector peers (NACE 32, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, full format

Turnover
€131,854▲ 18.1%
2020 · €111,606
EBIT margin
34.1%▲ 48.8pp
2020 · -14.7%
Net result
-€47,177
2024 · €13,165
Working capital
-€20,139
2024 · €13,826
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result turns negative in 2025: a loss of €45,143 after €15,821 in 2024, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€131,854 2021 Operating result-€45,143 2025 Net result-€47,177 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 32, Other manufacturing: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€140,501€111,606▼ 20.6%€131,854▲ 18.1%
Operating result-€16,170-€15,042-€16,390€44,968€33,697▼ 25.1%-€2,409€15,821-€45,143
Net result-€20,751-€9,053-€14,730below the sector's middle half€40,943above the sector's middle half€28,087within the sector's middle half▼ 31.4%-€11,917below the sector's middle half€13,165within the sector's middle half-€47,177below the sector's middle half
EBIT margin10.7%-14.7%▼ 25.4pp34.1%▲ 48.8pp
Equity€32,411-€41,464▲ 27.9%€26,734within the sector's middle half▼ 35.5%€67,678within the sector's middle half▲ 153%€95,765within the sector's middle half▲ 41.5%€63,388within the sector's middle half▼ 33.8%€76,553within the sector's middle half▲ 20.8%€29,376below the sector's middle half▼ 61.6%
Total assets€134,748-€130,376▼ 3.2%€126,515within the sector's middle half▼ 3.0%€155,286within the sector's middle half▲ 22.7%€170,274within the sector's middle half▲ 9.7%€150,945within the sector's middle half▼ 11.4%€242,359within the sector's middle half▲ 60.6%€136,451below the sector's middle half▼ 43.7%
Debt€102,336-€88,911▼ 13.1%€99,780▲ 12.2%€87,608▼ 12.2%€74,509▼ 15.0%€87,557▲ 17.5%€165,807▲ 89.4%€107,075▼ 35.4%
Working capital€30,309-€29,694▼ 2.0%€11,701within the sector's middle half▼ 60.6%€50,573within the sector's middle half▲ 332%€78,595within the sector's middle half▲ 55.4%€34,525within the sector's middle half▼ 56.1%€13,826within the sector's middle half▼ 60.0%-€20,139below the sector's middle half
Solvency24.1%-31.8%▲ 7.8pp21.1%within the sector's middle half▼ 10.7pp43.6%within the sector's middle half▲ 22.5pp56.2%within the sector's middle half▲ 12.7pp42.0%within the sector's middle half▼ 14.2pp31.6%within the sector's middle half▼ 10.4pp21.5%below the sector's middle half▼ 10.1pp
Current ratio1.81-1.72▼ 0.091.19within the sector's middle half▼ 0.531.87within the sector's middle half▲ 0.682.50within the sector's middle half▲ 0.631.45within the sector's middle half▼ 1.051.10within the sector's middle half▼ 0.340.77below the sector's middle half▼ 0.34
Return on assets (ROA)-15.4%-6.9%▲ 22.3pp-11.6%below the sector's middle half▼ 18.6pp26.4%above the sector's middle half▲ 38.0pp16.5%above the sector's middle half▼ 9.9pp-7.9%below the sector's middle half▼ 24.4pp5.4%within the sector's middle half▲ 13.3pp-34.6%below the sector's middle half▼ 40.0pp
Staff (FTE)0.9-
above within below the middle half of NACE 32, Other manufacturing: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136,451
Fixed assets €70,554 ▼ 26.7%
Current assets €65,897 ▼ 54.9%
Equity and liabilities €136,451
Equity €29,376 ▼ 61.6%
Debt €107,075 ▼ 35.4%
Debt's share of the balance-sheet total rises from 68.4% to 78.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€18,452▼
2024 · €32,757
Cash flow
-€20,486▼
2024 · €30,101
Quick ratio
0.10▼
2024 · 0.54
Debt to equity
3.64▲
2024 · 2.17
ROE
-160.6%▼
2024 · 17.2%
Interest coverage
-6.08▼
2024 · 10.26
Debt ≤ 1 year
€86,036▼
2024 · €132,340
Debt > 1 year
€21,039▼
2024 · €33,466
Income taxes
-€1,003▼
2024 · -€537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
3.8% went bankrupt
7.5% stopped otherwise
89% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,221 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€242,359€136,451▼
Fixed assets21/28€96,193€70,554▼
Tangible fixed assets22/27€94,780€69,141▼
Land and buildings22€22,441€16,070▼
Plant, machinery and equipment23€1,748€2,508▲
Furniture and vehicles24€70,591€50,563▼
Financial fixed assets28€1,413€1,413=
Current assets29/58€146,166€65,897▼
Stocks and contracts in progress3€74,630€57,042▼
Stocks30/36€74,630€57,042▼
Amounts receivable within one year40/41€57,169€6,048▼
Trade receivables40€39,069€5,710▼
Other amounts receivable41€18,100€337▼
Cash at bank and in hand54/58€12,088€780▼
Deferred charges and accrued income490/1€2,280€2,028▼
Equity and liabilities
Total equity and liabilities10/49€242,359€136,451▼
Equity10/15€76,553€29,376▼
Profit (loss) carried forward14€76,553€29,376▼
Amounts payable17/49€165,807€107,075▼
Amounts payable after more than one year17€33,466€21,039▼
Financial debts170/4€33,466€21,039▼
Amounts payable within one year42/48€132,340€86,036▼
Current portion of amounts payable after more than one year42€10,222-
Financial debts43€11,801€12,427▲
Credit institutions430/8€11,801€12,427▲
Trade debts44€32,738€3,130▼
Suppliers440/4€32,738€3,130▼
Advances received on contracts in progress46€15,000-
Taxes, remuneration and social security45€9,016€14,371▲
Taxes450/3€9,016€8,768▼
Remuneration and social security454/9-€5,603
Other amounts payable47/48€53,564€56,108▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,937€26,691▲
Other operating charges640/8€1,413€875▼
Gross operating margin9900€34,170-€17,578▼
Operating profit (loss)9901€15,821-€45,143▼
Financial charges65/66B€3,193€3,036▼
Recurring financial charges65€3,193€3,036▼
Profit (loss) for the period before taxes9903€12,627-€48,180▼
Income taxes67/77-€537-€1,003▼
Profit (loss) for the period9904€13,165-€47,177▼
Profit (loss) for the period to be appropriated9905€13,165-€47,177▼
Appropriation of the result
Profit (loss) to be appropriated9906€76,553€29,376▼
Profit (loss) brought forward from the previous period14P€63,388€76,553▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Turnover70-€140,501€111,606€131,854-----
Goods, raw materials, services and sundry goods60/61---€76,132-----
Remuneration, social security and pensions62----€2,160€249---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,414€8,310€8,446€8,985€7,944€11,554€16,937€26,691▲ 57.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€23,020---
Other operating charges640/8---€1,769€2,486€2,423€1,413€875▼ 38.1%
Gross operating margin9900€26,766€24,955-€6,323€55,722€46,288€34,838€34,170-€17,578-
Operating profit (loss)9901-€16,170€15,042-€16,390€44,968€33,697-€2,409€15,821-€45,143-
Financial income75/76B----€1----
Recurring financial income75€70-€24-€1----
Financial charges65/66B---€2,123€1,611€2,842€3,193€3,036▼ 4.9%
Recurring financial charges65€3,212€2,208€2,883€2,123€1,611€2,842€3,193€3,036▼ 4.9%
Profit (loss) for the period before taxes9903-€19,312€12,834-€19,249€42,845€32,087-€5,250€12,627-€48,180-
Income taxes67/77€1,439€3,781-€4,519€1,902€4,000€6,666-€537-€1,003▼ 86.6%
Profit (loss) for the period9904-€20,751€9,053-€14,730€40,943€28,087-€11,917€13,165-€47,177-
Profit (loss) for the period to be appropriated9905-€20,751€9,053-€14,730€40,943€28,087-€11,917€13,165-€47,177-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€134,748€130,376€126,515€155,286€170,274€150,945€242,359€136,451▼ 43.7%
Fixed assets21/28€67,166€59,544€53,452€46,567€39,116€39,085€96,193€70,554▼ 26.7%
Tangible fixed assets22/27€65,753€58,131€52,039€45,154€37,703€37,672€94,780€69,141▼ 27.1%
Land and buildings22---€41,552€35,182€28,811€22,441€16,070▼ 28.4%
Plant, machinery and equipment23---€3,602€2,521€1,208€1,748€2,508▲ 43.4%
Furniture and vehicles24-----€7,653€70,591€50,563▼ 28.4%
Financial fixed assets28€1,413€1,413€1,413€1,413€1,413€1,413€1,413€1,413=
Current assets29/58€67,582€70,832€73,063€108,719€131,158€111,861€146,166€65,897▼ 54.9%
Stocks and contracts in progress3€51,819€48,487€49,629€70,064€68,946€81,938€74,630€57,042▼ 23.6%
Stocks30/36---€70,064€68,946€81,938€74,630€57,042▼ 23.6%
Amounts receivable within one year40/41€11,779€9,668€15,529€18,348€58,486€5,305€57,169€6,048▼ 89.4%
Trade receivables40---€16,348€54,798€738€39,069€5,710▼ 85.4%
Other amounts receivable41---€2,000€3,689€4,567€18,100€337▼ 98.1%
Cash at bank and in hand54/58€1,527€11,617€6,250€18,004€1,726€22,927€12,088€780▼ 93.6%
Deferred charges and accrued income490/1---€2,303€1,999€1,691€2,280€2,028▼ 11.0%
Equity and liabilities
Total equity and liabilities10/49€134,748€130,376€126,515€155,286€170,274€150,945€242,359€136,451▼ 43.7%
Equity10/15€32,411€41,464€26,734€67,678€95,765€63,388€76,553€29,376▼ 61.6%
Contributions10/11€18,600€18,600-€18,600€18,600----
Reserves13€1,860€1,860€1,860€1,860€1,860----
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Profit (loss) carried forward14€11,951€21,004€6,274€47,218€75,305€63,388€76,553€29,376▼ 61.6%
Amounts payable17/49€102,336€88,911€99,780€87,608€74,509€87,557€165,807€107,075▼ 35.4%
Amounts payable after more than one year17€65,064€47,773€38,419€29,122€19,879€10,222€33,466€21,039▼ 37.1%
Financial debts170/4---€29,122€19,879€10,222€33,466€21,039▼ 37.1%
Amounts payable within one year42/48€37,273€41,138€61,362€58,146€52,563€77,336€132,340€86,036▼ 35.0%
Current portion of amounts payable after more than one year42---€9,553€9,499€11,054€10,222--
Financial debts43---€1,342€2,491-€11,801€12,427▲ 5.3%
Credit institutions430/8---€1,342€2,491-€11,801€12,427▲ 5.3%
Trade debts44€4,147€1,665€1,191€3€771€22,695€32,738€3,130▼ 90.4%
Suppliers440/4---€3€771€22,695€32,738€3,130▼ 90.4%
Advances received on contracts in progress46------€15,000--
Taxes, remuneration and social security45---€4,462€3,239€1,058€9,016€14,371▲ 59.4%
Taxes450/3---€4,462€3,239€1,058€9,016€8,768▼ 2.7%
Remuneration and social security454/9-------€5,603-
Other amounts payable47/48---€42,786€36,563€42,529€53,564€56,108▲ 4.8%
Accrued charges and deferred income492/3---€340€2,067----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€20,751€9,053-€14,730€40,943€28,087-€11,917€13,165-€47,177-
+ Depreciation and write-downs630€8,414€8,310€8,446€8,985€7,944€11,554€16,937€26,691▲ 57.6%
Operating cash flow (approximation)-€12,336€17,363-€6,284€49,928€36,031-€363€30,101-€20,486-
Investment in fixed assets (approximation)--€687-€2,355-€2,100-€493-€11,523-€74,045-€1,052▲ 98.6%
Change in cash-€10,089-€5,367€11,755-€16,278€21,201-€10,840-€11,308▼ 4.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 30-07-2026 2026-00357089
31-12-2024 micro format 31-07-2025 2025-00349248
31-12-2023 micro format 24-07-2024 2024-00277262
31-12-2022 micro format 24-07-2023 2023-00268162
31-12-2021 micro format 15-07-2022 2022-20188369
31-12-2020 micro format 27-07-2021 2021-41100165
31-12-2019 micro format 28-07-2020 2020-35400301
31-12-2018 micro format 24-07-2019 2019-37500363
31-12-2017 micro format 30-07-2018 2018-40700068
31-12-2016 micro format 27-07-2017 2017-37300012

Show all 25 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.