Checked.be · Company dossierhttps://checked.be/en/c/fara-0444450634 · as of 16-10-2026
FARA
Active
Non-profit association · founded 1990 · active for 36 yearsGeldenaaksebaan 277, 3001 Leuven, BelgiumKBO/BCE: BE 0444.450.634
Summary
The latest annual accounts of FARA were filed more than 90 days after the deadline. The 2016 annual accounts show equity of €200,842 and a net result of -€1,856. Equity is growing by about 7.2% per year across the filed financial years. The association has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Signalsraises riskLatest accounts 238 days late; 2 of the last 3 lateFigures for financial year 2016 (filed 05-04-2018)Filed more than 90 days latelowers riskLegal form: non-profit associationLiquidity: current ratio 6.69, cash €171,590neutralNo filing for yearsShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2016 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2016 · tick = 2015
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency92+17
equity 66.7% of total assets
Liquidity99-1
short-term debt 11.7% · cash 57.0%
Profitability36-2
return on assets -0.6%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median < 0.1% (1,122 companies, NACE 88, micro)
Last 24 months11-2024: 0.1%highest value12-2024: 0.1%● unchanged vs 11-2024highest value01-2025: 0.1%● unchanged vs 12-2024highest value02-2025: 0.1%● unchanged vs 01-2025highest value03-2025: 0.1%● unchanged vs 02-2025highest value04-2025: 0.1%● unchanged vs 03-2025highest value05-2025: 0.1%● unchanged vs 04-2025highest value06-2025: 0.1%● unchanged vs 05-2025highest value07-2025: 0.1%● unchanged vs 06-2025highest value08-2025: 0.1%● unchanged vs 07-2025highest value09-2025: 0.1%● unchanged vs 08-2025highest value10-2025: 0.1%● unchanged vs 09-2025highest value11-2025: 0.1%● unchanged vs 10-2025highest value12-2025: 0.1%● unchanged vs 11-2025highest value01-2026: 0.1%● unchanged vs 12-2025highest value02-2026: 0.1%● unchanged vs 01-2026highest value03-2026: 0.1%● unchanged vs 02-2026highest value04-2026: 0.1%● unchanged vs 03-2026highest value05-2026: 0.1%● unchanged vs 04-2026highest value06-2026: 0.1%● unchanged vs 05-2026highest value07-2026: 0.1%● unchanged vs 06-2026highest value08-2026: 0.1%● unchanged vs 07-2026highest value09-2026: 0.1%● unchanged vs 08-2026highest value10-2026: 0.1%● unchanged vs 09-2026highest value
31-12-2017 year end31-07-2018 deadline16-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 26-03-2018, 238 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.