FARAH
ActiveSummary
FARAH has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€74,910) and a net result of €21,842. Equity is growing by ~11% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.08 in 2024; short-term debt: 136.1% and cash: 1.3% of total assets), and equity is negative.
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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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-68.9%
Return on assets
20.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
37 d early
2023
49 d early
2022
59 d early
2021
4 d late
2020
27 d late
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€74,910▲ 22.6%
2024 · -€96,753
Total assets
€108,692▲ 4.3%
2024 · €104,206
Net result
€21,842▼ 17.3%
2024 · €26,418
Working capital
-€126,940▼ 5.2%
2024 · -€120,660
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,592▲ 231%€21,904▼ 17.6%€18,422▼ 15.9%€30,919▲ 67.8%€25,940▼ 16.1%
Net result€21,750▲ 693%€15,638▼ 28.1%€13,016▼ 16.8%€26,418▲ 103%€21,842▼ 17.3%
Equity-€151,824▲ 12.5%-€136,187▲ 10.3%-€123,171▲ 9.6%-€96,753▲ 21.4%-€74,910▲ 22.6%
Total assets€141,800▲ 20.0%€110,562▼ 22.0%€103,607▼ 6.3%€104,206▲ 0.6%€108,692▲ 4.3%
Debt€293,625▲ 0.6%€246,749▼ 16.0%€226,777▼ 8.1%€200,958▼ 11.4%€183,602▼ 8.6%
Working capital-€183,753▲ 6.0%-€109,656▲ 40.3%-€119,359▼ 8.8%-€120,660▼ 1.1%-€126,940▼ 5.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,692
Fixed assets
€87,740 ▼ 6.1%
Current assets
€20,952 ▲ 94.8%
Key figures and ratios
EBITDA
€31,650▼
2024 · €36,629
Cash flow
€27,553▼
2024 · €32,128
Solvency
-68.9%▲
2024 · -92.8%
Current ratio
0.14▲
2024 · 0.08
Debt to equity
-2.45▼
2024 · -2.08
ROA
20.1%▼
2024 · 25.4%
Interest coverage
7.72▼
2024 · 8.14
Debt ≤ 1 year
€147,892▲
2024 · €131,415
Debt > 1 year
€35,711▼
2024 · €69,543
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,799 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,710 | €5,710 | €5,710 | €5,710 | €5,710 | = |
| Other operating charges640/8 | €2,463 | €1,980 | €2,203 | €2,521 | €2,386 | ▼ 5.3% |
| Gross operating margin9900 | €34,765 | €29,595 | €26,335 | €39,150 | €34,037 | ▼ 13.1% |
| Operating profit (loss)9901 | €26,592 | €21,904 | €18,422 | €30,919 | €25,940 | ▼ 16.1% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | €4,841 | €6,266 | €5,406 | €4,501 | €4,097 | ▼ 9.0% |
| Recurring financial charges65 | €4,841 | €6,266 | €5,406 | €4,501 | €4,097 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €21,750 | €15,638 | €13,016 | €26,418 | €21,842 | ▼ 17.3% |
| Profit (loss) for the period9904 | €21,750 | €15,638 | €13,016 | €26,418 | €21,842 | ▼ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €21,750 | €15,638 | €13,016 | €26,418 | €21,842 | ▼ 17.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141,800 | €110,562 | €103,607 | €104,206 | €108,692 | ▲ 4.3% |
| Fixed assets21/28 | €110,582 | €104,872 | €99,161 | €93,451 | €87,740 | ▼ 6.1% |
| Tangible fixed assets22/27 | €110,582 | €104,872 | €99,161 | €93,451 | €87,740 | ▼ 6.1% |
| Land and buildings22 | €110,582 | €104,872 | €99,161 | €93,451 | €87,740 | ▼ 6.1% |
| Current assets29/58 | €31,218 | €5,690 | €4,446 | €10,755 | €20,952 | ▲ 94.8% |
| Amounts receivable within one year40/41 | €31,133 | €4,302 | €2,723 | €9,151 | €19,562 | ▲ 114% |
| Trade receivables40 | €31,133 | €4,302 | €2,723 | €9,151 | €19,562 | ▲ 114% |
| Cash at bank and in hand54/58 | €85 | €1,389 | €1,723 | €1,604 | €1,389 | ▼ 13.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141,800 | €110,562 | €103,607 | €104,206 | €108,692 | ▲ 4.3% |
| Equity10/15 | -€151,824 | -€136,187 | -€123,171 | -€96,753 | -€74,910 | ▲ 22.6% |
| Contributions10/11 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Capital10 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Issued capital100 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Profit (loss) carried forward14 | -€219,995 | -€204,357 | -€191,341 | -€164,923 | -€143,081 | ▲ 13.2% |
| Amounts payable17/49 | €293,625 | €246,749 | €226,777 | €200,958 | €183,602 | ▼ 8.6% |
| Amounts payable after more than one year17 | €78,654 | €131,402 | €102,972 | €69,543 | €35,711 | ▼ 48.6% |
| Financial debts170/4 | €78,654 | €131,402 | €102,972 | €69,543 | €35,711 | ▼ 48.6% |
| Amounts payable within one year42/48 | €214,971 | €115,346 | €123,805 | €131,415 | €147,892 | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | €15,700 | €35,504 | €32,430 | €33,429 | €34,490 | ▲ 3.2% |
| Trade debts44 | - | - | €384 | - | €400 | - |
| Suppliers440/4 | - | - | €384 | - | €400 | - |
| Other amounts payable47/48 | €199,271 | €79,842 | €90,990 | €97,986 | €113,002 | ▲ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,750 | €15,638 | €13,016 | €26,418 | €21,842 | ▼ 17.3% |
| + Depreciation and write-downs630 | €5,710 | €5,710 | €5,710 | €5,710 | €5,710 | = |
| Operating cash flow (approximation) | €27,460 | €21,348 | €18,727 | €32,128 | €27,553 | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1,304 | €334 | -€119 | -€215 | ▼ 80.8% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €26,418 ▲103%
Operating result €30,919, net result €26,418, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1,551
Net result €1,551 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Waasmunster · 1 establishment unit since 1996
Ground area
1,317 m²
Building footprint
153 m²
Volume, LiDAR
870 m³
Parcel 42023B1239/00C000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FARAH NV
since 19962.077.723.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B1239/00C000 | Flanders | 1,317 m² | 1 · 153 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded25-03-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457588689
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.