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FANG & CO

Active
Private limited companyfounded 20215 years activeDe Wandstraat 123, 1020 Brussel, BelgiumKBO/BCE: BE 0770.615.510

The file of FANG & CO contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (-€29,710) and a net result of €9,978. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 18,970 sector peers (NACE 56, fiscal year 2024).

Overview

Activity
Full-service restaurants
NACE 56111
1 site
Size
€96,209total assets 2024
Equity
-€29,710
Profit
€9,978
Turnover not published (abridged schema)
Financial health
9 Critical Checked score 2024
Bankruptcy probabilitywithin 12 months
≥ 25%
Structure
Accounts 69 days overdue0 of 1 deed read
Why 9- Reorganisation plan being carried out (approved, Gazette 28-04-2025)- 1 financial year not filed after the legal deadline; latest accounts 71 days late; 2 of the last 3 late- Sector Food and beverage service activities (NACE 56)- 2 warning signals in 24 months (reorganisation 2)Show the evidence

Checked score

Score 2024
9 / 100
Critical
Probability in this band: over 15.0%
Financially better than 33% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -30.9% of total assets
Liquidity 17+12
short-term debt 118.5% · cash 13.2%
Profitability 55-15
return on assets 10.4%
Bankruptcy probability, 12 months
≥ 25% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 3 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,704 companies)
Last 24 months 11-2024: 6.8% 12-2024: 6.8%● unchanged vs 11-2024 01-2025: 6.8%● unchanged vs 12-2024 02-2025: 6.8%● unchanged vs 01-2025 03-2025: 6.2%▼ -0.6 percentage points vs 02-2025lowest value 05-2025: ≥ 25% 06-2025: ≥ 25%● unchanged vs 05-2025 07-2025: ≥ 25%● unchanged vs 06-2025 08-2025: ≥ 25%● unchanged vs 07-2025 09-2025: ≥ 25%● unchanged vs 08-2025 10-2025: ≥ 25%● unchanged vs 09-2025highest value 11-2025: ≥ 25%● unchanged vs 10-2025 12-2025: ≥ 25%● unchanged vs 11-2025 01-2026: ≥ 25%● unchanged vs 12-2025 02-2026: ≥ 25%● unchanged vs 01-2026 03-2026: ≥ 25%● unchanged vs 02-2026 04-2026: ≥ 25%● unchanged vs 03-2026 05-2026: ≥ 25%● unchanged vs 04-2026 06-2026: ≥ 25%● unchanged vs 05-2026 07-2026: ≥ 25%● unchanged vs 06-2026 08-2026: ≥ 25%● unchanged vs 07-2026 09-2026: ≥ 25%● unchanged vs 08-2026 10-2026: ≥ 25%● unchanged vs 09-2026
No credit on open account
Liquidity short (current ratio 0.68 against 0.49 in 2023; short-term debt: 118.5% and cash: 13.2% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 9% on solvency, 14% on liquidity, 38% on profitability and 70% on growth.

The bankruptcy probability was computed on 08-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Reorganisation plan being carried out (approved, Gazette 28-04-2025)
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 71 days late; 2 of the last 3 late
NBB · filings
raises risk · Sector Food and beverage service activities (NACE 56)
KBO
raises risk · 2 warning signals in 24 months (reorganisation 2)
Belgian State Gazette
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 18970 sector peers (2024).
NBB · sector comparison
Position among 18970 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
71 days late
2023
28 days late
2022
98 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Plan homologationTribunal de l’entreprise francophone de…
  3. OpeningTribunal de l’entreprise francophone de…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€29,710 View
  • Caution: Among the weakest 14% on equitysector median €27,519 · 19,011 companies -€29,710 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View

By topic

Financials

Fiscal year
2024
Total assets
€96,209
Profit
€9,978
Solvency
-30.9%
Total assets▲ 48.9%
Net result
20222024
Go to Financials

Timeline

Events
6
Since
2023
  1. 28-08-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 06-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
01-07-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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