FANNY OR
ActiveSummary
FANNY OR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220,600 and a net result of €218,395. Equity is growing by ~82.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency68▼-32
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 5.23 in 2024; short-term debt: 56.5% and cash: 91.8% of total assets), but 56.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
43.5%
Return on assets
43.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
3 d early
2023
29 d late
2022
33 d early
2021
48 d early
2020
4 d early
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 28 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€220,600▲ 66.9%
2024 · €132,206
Total assets
€507,210▲ 213%
2024 · €161,957
Net result
€218,395▲ 473%
2024 · €38,092
Working capital
€206,636▲ 64.3%
2024 · €125,776
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,870€42,818€110,023▲ 157%€54,738▼ 50.2%€287,748▲ 426%
Net result-€7,080below the sector's middle half€34,819above the sector's middle half€77,899above the sector's middle half▲ 124%€38,092above the sector's middle half▼ 51.1%€218,395above the sector's middle half▲ 473%
Equity€2,824below the sector's middle half▼ 71.5%€37,643within the sector's middle half▲ 1,233%€94,114within the sector's middle half▲ 150%€132,206within the sector's middle half▲ 40.5%€220,600above the sector's middle half▲ 66.9%
Total assets€35,074below the sector's middle half▼ 32.8%€57,871below the sector's middle half▲ 65.0%€389,894within the sector's middle half▲ 574%€161,957within the sector's middle half▼ 58.5%€507,210above the sector's middle half▲ 213%
Debt€32,250▼ 23.7%€20,229▼ 37.3%€295,781▲ 1,362%€29,751▼ 89.9%€286,610▲ 863%
Working capital-€10,211below the sector's middle half€27,515within the sector's middle half€302,312above the sector's middle half▲ 999%€125,776above the sector's middle half▼ 58.4%€206,636above the sector's middle half▲ 64.3%
Solvency8.1%within the sector's middle half▼ 10.9pp65.0%within the sector's middle half▲ 57.0pp24.1%within the sector's middle half▼ 40.9pp81.6%above the sector's middle half▲ 57.5pp43.5%within the sector's middle half▼ 38.1pp
Current ratio0.68below the sector's middle half▼ 0.362.36within the sector's middle half▲ 1.684.81above the sector's middle half▲ 2.455.23above the sector's middle half▲ 0.421.72within the sector's middle half▼ 3.51
Return on assets (ROA)-20.2%below the sector's middle half▼ 80.1pp60.2%above the sector's middle half▲ 80.4pp20.0%above the sector's middle half▼ 40.2pp23.5%above the sector's middle half▲ 3.5pp43.1%above the sector's middle half▲ 19.5pp
Staff (FTE)1▲ 100%0.7▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 426% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507,210
Fixed assets
€13,965 ▲ 117%
Current assets
€493,246 ▲ 217%
Equity and liabilities €507,210
Equity
€220,600 ▲ 66.9%
Debt
€286,610 ▲ 863%
Debt's share of the balance-sheet total rises from 18.4% to 56.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€293,339▲
2024 · €58,778
Cash flow
€223,985▲
2024 · €42,132
Debt to equity
1.30▲
2024 · 0.23
ROE
99.0%▲
2024 · 28.8%
Interest coverage
272.43▲
2024 · 27.86
Debt ≤ 1 year
€286,610▲
2024 · €29,751
Income taxes
€68,277▲
2024 · €14,536
Staff costs
€29,785▲
2024 · €7,642
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 17,811 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €28,394 | €21,652 | €30 | €7,642 | €29,785 | ▲ 290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,115 | €3,124 | €3,708 | €4,041 | €5,591 | ▲ 38.4% |
| Other operating charges640/8 | €5,546 | €5,096 | €33,385 | €3,939 | €1,999 | ▼ 49.2% |
| Non-recurring operating charges66A | €116 | €500 | €14,536 | €112 | - | - |
| Gross operating margin9900 | €33,301 | €73,191 | €161,682 | €70,472 | €325,124 | ▲ 361% |
| Operating profit (loss)9901 | -€3,870 | €42,818 | €110,023 | €54,738 | €287,748 | ▲ 426% |
| Financial income75/76B | €20 | €186 | €152 | - | - | - |
| Recurring financial income75 | €20 | €186 | €152 | - | - | - |
| Financial charges65/66B | €3,082 | €1,370 | €5,041 | €2,110 | €1,077 | ▼ 49.0% |
| Recurring financial charges65 | €3,082 | €1,370 | €5,041 | €2,110 | €1,077 | ▼ 49.0% |
| Profit (loss) for the period before taxes9903 | -€6,932 | €41,635 | €105,135 | €52,628 | €286,671 | ▲ 445% |
| Income taxes67/77 | €148 | €6,816 | €27,235 | €14,536 | €68,277 | ▲ 370% |
| Profit (loss) for the period9904 | -€7,080 | €34,819 | €77,899 | €38,092 | €218,395 | ▲ 473% |
| Profit (loss) for the period to be appropriated9905 | -€7,080 | €34,819 | €77,899 | €38,092 | €218,395 | ▲ 473% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,074 | €57,871 | €389,894 | €161,957 | €507,210 | ▲ 213% |
| Fixed assets21/28 | €13,251 | €10,127 | €8,172 | €6,430 | €13,965 | ▲ 117% |
| Tangible fixed assets22/27 | €13,251 | €10,127 | €8,172 | €6,430 | €13,965 | ▲ 117% |
| Plant, machinery and equipment23 | €9,296 | €7,491 | €5,685 | €5,846 | €10,178 | ▲ 74.1% |
| Furniture and vehicles24 | €3,955 | €2,637 | €2,486 | €584 | €3,787 | ▲ 548% |
| Current assets29/58 | €21,823 | €47,744 | €381,723 | €155,527 | €493,246 | ▲ 217% |
| Stocks and contracts in progress3 | €15,000 | €2,500 | - | - | - | - |
| Stocks30/36 | €15,000 | €2,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €5,060 | €2,913 | €6,788 | €3,560 | €27,382 | ▲ 669% |
| Trade receivables40 | - | - | €4,005 | - | - | - |
| Other amounts receivable41 | €5,060 | €2,913 | €2,783 | €3,560 | €27,382 | ▲ 669% |
| Cash at bank and in hand54/58 | €1,763 | €42,332 | €374,935 | €151,967 | €465,863 | ▲ 207% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,074 | €57,871 | €389,894 | €161,957 | €507,210 | ▲ 213% |
| Equity10/15 | €2,824 | €37,643 | €94,114 | €132,206 | €220,600 | ▲ 66.9% |
| Contributions10/11 | €12,500 | €12,500 | €14,012 | €14,012 | €14,012 | = |
| Capital10 | €12,500 | €12,500 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €6,100 | €6,100 | - | - | - | - |
| Reserves13 | €1,512 | €1,512 | €56,000 | €93,500 | €181,500 | ▲ 94.1% |
| Non-distributable reserves130/1 | €1,512 | €1,512 | - | - | - | - |
| Legal reserve130 | €1,512 | €1,512 | - | - | - | - |
| Distributable reserves133 | - | - | €56,000 | €93,500 | €181,500 | ▲ 94.1% |
| Profit (loss) carried forward14 | -€11,188 | €23,631 | €24,102 | €24,694 | €25,088 | ▲ 1.6% |
| Amounts payable17/49 | €32,250 | €20,229 | €295,781 | €29,751 | €286,610 | ▲ 863% |
| Amounts payable after more than one year17 | €215 | - | €216,370 | - | - | - |
| Financial debts170/4 | €215 | - | - | - | - | - |
| Advances received on contracts in progress176 | - | - | €216,370 | - | - | - |
| Amounts payable within one year42/48 | €32,035 | €20,229 | €79,411 | €29,751 | €286,610 | ▲ 863% |
| Current portion of amounts payable after more than one year42 | €2,536 | €215 | - | - | - | - |
| Financial debts43 | €2,619 | - | - | - | - | - |
| Credit institutions430/8 | €2,619 | - | - | - | - | - |
| Trade debts44 | €4,756 | €7,623 | €3,426 | €10,838 | €117,868 | ▲ 988% |
| Suppliers440/4 | €4,756 | €7,623 | €3,426 | €10,838 | €117,868 | ▲ 988% |
| Advances received on contracts in progress46 | - | - | - | - | €31,350 | - |
| Taxes, remuneration and social security45 | €18,290 | €7,329 | €40,993 | €2,919 | €32,537 | ▲ 1,015% |
| Taxes450/3 | €9,103 | €7,329 | €40,993 | €1,228 | €30,000 | ▲ 2,343% |
| Remuneration and social security454/9 | €9,187 | - | - | €1,690 | €2,537 | ▲ 50.1% |
| Other amounts payable47/48 | €3,834 | €5,061 | €34,991 | €15,994 | €104,856 | ▲ 556% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,080 | €34,819 | €77,899 | €38,092 | €218,395 | ▲ 473% |
| + Depreciation and write-downs630 | €3,115 | €3,124 | €3,708 | €4,041 | €5,591 | ▲ 38.4% |
| Operating cash flow (approximation) | -€3,965 | €37,942 | €81,607 | €42,132 | €223,985 | ▲ 432% |
| Investment in fixed assets (approximation) | - | €0 | -€1,752 | -€2,299 | -€13,125 | ▼ 471% |
| Change in cash | - | €40,568 | €332,603 | -€222,968 | €313,896 | ▲ 241% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €218,395 ▲473%
Operating result €287,748, net result €218,395, both a record.
31-12
Financial
Equity above €200,000Eq €220,600 ▲66.9%
4 profitable years in a row build equity to €220,600.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €132,206 ▲40.5%
3 profitable years in a row build equity to €132,206.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.81
Current ratio from 2.36 to 4.81.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €34,819
Net result €34,819 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.36
Current ratio from 0.68 to 2.36; short-term debt falls from €32,035 to €20,229.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€7,080
Net result drops to -€7,080, the lowest in the series; recovery starts the following year.
Show earlier events
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.04
Current ratio from 0.26 to 1.04.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €16,027
Net result €16,027 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Marche-en-Famenne · 2 establishment units since 2012
Ground area
108 m²
Building footprint
125 m²
Volume, LiDAR
1,298 m³
2 parcels, Wallonia · tallest building 15.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
FANNY OR
since 20122.206.874.120
FANNY OR
since 20122.206.874.516
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84010A0129/00B000 | Wallonia | 61 m² | 1 · 99 m² | 15.0 m · 5 fl. |
| 83034A0335/00_000 | Wallonia | 47 m² | 1 · 26 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 734 companies in sector 46820 we hold annual accounts for 388. 227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46820Wholesale trade
Contact
E-mail
chanty010296@hotmail.comMarche-en-Famenne
Phone
0474/37 65 76Marche-en-Famenne
Phone
061/46 60 79Bouillon
Fax
061/46 60 79Bouillon
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843586729
Also
9925:BE0843586729
Registered
29-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.