Farah
ActiveSummary
The computed 12-month bankruptcy probability of Farah is 1.6% (moderate). The 2025 annual accounts show equity of €33,541 and a net result of €105. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 13560 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+42
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 10.28 against 4.84 in 2024; short-term debt: 9.5% and cash: 75% of total assets), and 9.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
90.5%
Return on assets
0.3%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
28 d early
2023
20 d late
2022
22 d late
2021
26 d late
2020
25 d late
2019
45 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 15 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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.
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, micro schema
Equity
€33,541▲ 0.3%
2024 · €33,436
Total assets
€37,048▼ 10.3%
2024 · €41,282
Net result
€105
2024 · -€1,713
Working capital
€32,535▲ 7.9%
2024 · €30,165
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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€6,884▼ 49.2%€14,101▲ 105%-€4,499-€1,286▲ 71.4%€445
Net result€6,605within the sector's middle half▼ 49.9%€11,372within the sector's middle half▲ 72.2%-€4,877within the sector's middle half-€1,713within the sector's middle half▲ 64.9%€105within the sector's middle half
Equity€28,653within the sector's middle half▲ 30.0%€40,026within the sector's middle half▲ 39.7%€35,149within the sector's middle half▼ 12.2%€33,436within the sector's middle half▼ 4.9%€33,541within the sector's middle half▲ 0.3%
Total assets€46,938within the sector's middle half▲ 51.3%€56,421within the sector's middle half▲ 20.2%€43,854below the sector's middle half▼ 22.3%€41,282below the sector's middle half▼ 5.9%€37,048below the sector's middle half▼ 10.3%
Debt€18,285▲ 104%€16,395▼ 10.3%€8,705▼ 46.9%€7,846▼ 9.9%€3,506▼ 55.3%
Working capital€23,188▲ 19.9%€36,825▲ 58.8%€29,613▼ 19.6%€30,165▲ 1.9%€32,535▲ 7.9%
Solvency61.0%above the sector's middle half▼ 10.0pp70.9%above the sector's middle half▲ 9.9pp80.1%above the sector's middle half▲ 9.2pp81.0%above the sector's middle half▲ 0.8pp90.5%above the sector's middle half▲ 9.5pp
Staff (FTE)1.9▲ 58.3%2.6▲ 36.8%3.2▲ 23.1%4.3▲ 34.4%2.4▼ 44.2%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 returns to profit in 2025: €445 after a loss of €1,286 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,048
Fixed assets
€1,006 ▼ 69.2%
Current assets
€36,041 ▼ 5.2%
Equity and liabilities €37,048
Equity
€33,541 ▲ 0.3%
Debt
€3,506 ▼ 55.3%
Debt's share of the balance-sheet total falls from 19.0% to 9.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2,710▲
2024 · €979
Cash flow
€2,370▲
2024 · €552
Current ratio
10.28▲
2024 · 4.84
Quick ratio
9.15▲
2024 · 4.37
Debt to equity
0.10▼
2024 · 0.23
ROE
0.3%▲
2024 · -5.1%
ROA
0.3%▲
2024 · -4.1%
Interest coverage
7.38▲
2024 · 1.60
Debt ≤ 1 year
€3,506▼
2024 · €7,846
Staff costs
€8,718▼
2024 · €14,914
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,058 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 10,891 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,847 | €11,744 | €16,740 | €14,914 | €8,718 | ▼ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,959 | €2,265 | €2,265 | €2,265 | €2,265 | = |
| Other operating charges640/8 | €1,264 | €1,042 | €519 | €837 | €478 | ▼ 42.9% |
| Gross operating margin9900 | €19,955 | €29,153 | €15,026 | €16,730 | €11,906 | ▼ 28.8% |
| Operating profit (loss)9901 | €6,884 | €14,101 | -€4,499 | -€1,286 | €445 | ▲ 135% |
| Financial income75/76B | €155 | €11 | €54 | €183 | €28 | ▼ 84.9% |
| Recurring financial income75 | €155 | €11 | €54 | €183 | €28 | ▼ 84.9% |
| Financial charges65/66B | €434 | €473 | €432 | €610 | €367 | ▼ 39.8% |
| Recurring financial charges65 | €434 | €473 | €432 | €610 | €367 | ▼ 39.8% |
| Profit (loss) for the period before taxes9903 | €6,605 | €13,640 | -€4,877 | -€1,713 | €105 | ▲ 106% |
| Income taxes67/77 | - | €2,268 | - | - | - | - |
| Profit (loss) for the period9904 | €6,605 | €11,372 | -€4,877 | -€1,713 | €105 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €6,605 | €11,372 | -€4,877 | -€1,713 | €105 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,938 | €56,421 | €43,854 | €41,282 | €37,048 | ▼ 10.3% |
| Fixed assets21/28 | €10,065 | €7,801 | €5,536 | €3,271 | €1,006 | ▼ 69.2% |
| Tangible fixed assets22/27 | €9,625 | €7,361 | €5,096 | €2,831 | €566 | ▼ 80.0% |
| Other tangible fixed assets26 | €9,625 | €7,361 | €5,096 | €2,831 | €566 | ▼ 80.0% |
| Financial fixed assets28 | €440 | €440 | €440 | €440 | €440 | = |
| Current assets29/58 | €36,872 | €48,620 | €38,318 | €38,011 | €36,041 | ▼ 5.2% |
| Stocks and contracts in progress3 | €999 | €2,202 | €3,916 | €3,734 | €3,955 | ▲ 5.9% |
| Stocks30/36 | €999 | €2,202 | €3,916 | €3,734 | €3,955 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €5,127 | €3,659 | €3,887 | €6,848 | €3,797 | ▼ 44.5% |
| Trade receivables40 | €2,706 | €646 | €1,143 | €3,726 | €646 | ▼ 82.7% |
| Other amounts receivable41 | €2,421 | €3,014 | €2,744 | €3,122 | €3,152 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €30,746 | €42,353 | €30,515 | €27,429 | €27,802 | ▲ 1.4% |
| Deferred charges and accrued income490/1 | - | €406 | - | - | €486 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,938 | €56,421 | €43,854 | €41,282 | €37,048 | ▼ 10.3% |
| Equity10/15 | €28,653 | €40,026 | €35,149 | €33,436 | €33,541 | ▲ 0.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| 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 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €14,393 | €25,766 | €20,889 | €19,176 | €19,281 | ▲ 0.5% |
| Amounts payable17/49 | €18,285 | €16,395 | €8,705 | €7,846 | €3,506 | ▼ 55.3% |
| Amounts payable after more than one year17 | €4,600 | €4,600 | - | - | - | - |
| Financial debts170/4 | €4,600 | €4,600 | - | - | - | - |
| Amounts payable within one year42/48 | €13,685 | €11,795 | €8,705 | €7,846 | €3,506 | ▼ 55.3% |
| Current portion of amounts payable after more than one year42 | €3,587 | - | €864 | - | - | - |
| Trade debts44 | €3,999 | €2,411 | €337 | €1,672 | €1,058 | ▼ 36.7% |
| Suppliers440/4 | €3,999 | €2,411 | €337 | €1,672 | €1,058 | ▼ 36.7% |
| Taxes, remuneration and social security45 | €2,266 | €5,947 | €3,781 | €2,602 | €1,900 | ▼ 27.0% |
| Taxes450/3 | €2,266 | €4,930 | €2,457 | €1,661 | €1,322 | ▼ 20.4% |
| Remuneration and social security454/9 | - | €1,016 | €1,324 | €941 | €578 | ▼ 38.6% |
| Other amounts payable47/48 | €3,833 | €3,438 | €3,723 | €3,573 | €548 | ▼ 84.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,605 | €11,372 | -€4,877 | -€1,713 | €105 | ▲ 106% |
| + Depreciation and write-downs630 | €3,959 | €2,265 | €2,265 | €2,265 | €2,265 | = |
| Operating cash flow (approximation) | €10,565 | €13,637 | -€2,612 | €552 | €2,370 | ▲ 329% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €11,607 | -€11,838 | -€3,086 | €373 | ▲ 112% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €105
Net result €105 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 10.28
Current ratio from 4.84 to 10.28; short-term debt falls from €7,846 to €3,506.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €13,177 ▲258%
Net result €13,177, the highest in the series.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Back to profitnet €3,680
Net result €3,680 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Boechout · 1 establishment unit since 2016
Ground area
391 m²
Building footprint
276 m²
Volume, LiDAR
1,234 m³
Parcel 11047B0109/00M000, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
De Pelikaan
since 20162.255.142.508
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11047B0109/00M000 | Flanders | 391 m² | 1 · 276 m² | 9.9 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoechout2.255.142.508
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 4,111 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
Founded01-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
55900Accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0657895075
Also
9925:BE0657895075
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.