FARAH & Co

Active

Private limited company (pre-2019)founded 201412 yrs activeErnest Van Dijckkaai 13-14, 2000 Antwerpen, BelgiumKBO/BCE: BE 0553.508.031

The computed 12-month bankruptcy probability of FARAH & Co is 2.5% (moderate). The 2024 annual accounts show equity of €12k and a net result of €33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 18936 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair▲ +32 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency13▼-20

Growth58=

Stability100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.78 against 0.33 in 2023), and 90.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

9.8%

Return on assets

26.4%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 filings

Deviation from the deadline

2025

not confirmed

2024

7 d late

2023

27 d late

2022

60 d late

2021

100 d late

2020

61 d late

2019

87 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€12k

2023 · €-18k

2018: €21k 2019: €29k 2020: €33k 2021: €35k 2022: €-30k 2023: €-18k

2018 → 2024

Total assets

€125k▲ 20.1%

2023 · €104k

2018: €105k 2019: €138k 2020: €125k 2021: €182k 2022: €121k 2023: €104k

2018 → 2024

Net result

€33k▲ 173%

2023 · €12k

2018: €-3k 2019: €8k 2020: €5k 2021: €2k 2022: €-66k 2023: €12k

2018 → 2024

Working capital

€-14k▲ 82.4%

2023 · €-80k

2018: €-56k 2019: €-38k 2020: €-54k 2021: €-35k 2022: €-88k 2023: €-80k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€33k-€35k▲ 5.4%€-30k€-18k▲ 39.6%€12k

Operating result€28k-€3k▼ 90.0%€-64k€17k€13k▼ 24.3%

Net result€5k-€2k▼ 63.5%€-66k€12k€33k▲ 173%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 24% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €125k

60.5%

39.5%

Fixed assets €75k▲ 16.3%

Current assets €49k▲ 26.4%

Equity and liabilities €125k

10%

90.2%

Equity €12k

Debt €112k

Debt finances 90.2% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

Solvency

9.8%▲

2023 · -17.7%

Current ratio

0.78▲

2023 · 0.33

Quick ratio

0.70▲

2023 · 0.33

Debt / equity

9.16▲

2023 · -6.65

ROE

267.7%▲

2023 · -65.4%

ROA

26.4%▲

2023 · 11.6%

Debt

€112k▼

2023 · €122k

Debt ≤ 1 year

€63k▼

2023 · €119k

Debt > 1 year

€49k▲

2023 · €3k

Staff costs

€221k▲

2023 · €197k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€104k€125k▲

Fixed assets21/28€65k€75k▲

Tangible fixed assets22/27€40k€50k▲

Land and buildings22€13k€13k=

Plant, machinery and equipment23€15k€17k▲

Furniture and vehicles24€11k€20k▲

Financial fixed assets28€25k€25k=

Current assets29/58€39k€49k▲

Stocks and contracts in progress3-€5k

Stocks30/36-€5k

Amounts receivable within one year40/41€30k€37k▲

Trade receivables40€17k€32k▲

Other amounts receivable41€13k€5k▼

Cash at bank and in hand54/58€9k€7k▼

Equity and liabilities

Total equity and liabilities10/49€104k€125k▲

Equity10/15€-18k€12k▲

Contributions10/11€19k€19k=

Outside capital11€19k€19k=

Other1109/19€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-39k€-8k▲

Amounts payable17/49€122k€112k▼

Amounts payable after more than one year17€3k€49k▲

Financial debts170/4€3k€49k▲

Amounts payable within one year42/48€119k€63k▼

Current portion of amounts payable after more than one year42-€3k

Trade debts44€11k€14k▲

Suppliers440/4€11k€14k▲

Advances received on contracts in progress46€20k-

Taxes, remuneration and social security45€89k€46k▼

Taxes450/3€26k€15k▼

Remuneration and social security454/9€62k€31k▼

Income statement Code20232024

Non-recurring operating income76A-€29k

Remuneration, social security and pensions62€197k€221k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k-

Other operating charges640/8€3k€3k▲

Gross operating margin9900€233k€237k▲

Operating profit (loss)9901€17k€13k▼

Financial income75/76B€76€22k▲

Recurring financial income75€76€77▲

Non-recurring financial income76B-€22k

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€14k€33k▲

Income taxes67/77€2k-

Profit (loss) for the period9904€12k€33k▲

Profit (loss) for the period to be appropriated9905€12k€33k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-39k€-8k▲

Profit (loss) brought forward from the previous period14P€-51k€-41k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

07-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 7 days late

2024

31-12

Financial Highest result since 2018net €33k ▲173%

Net result €33k, the highest in the series.

27-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 27 days late

2023

31-12

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

31-12

Financial Weakest financial yearnet €-66k ▼3766%

Net result drops to €-66k, the lowest in the series; recovery starts the following year.

08-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 100 days late

2021

30-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 61 days late

2020

26-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 87 days late

2019

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

19-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 50 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

12-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Antwerpen · 2 establishment units since 2014

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ernest Van Dijckkaai 13-142000 Antwerpen

Ground area

4,224 m²

Building footprint

3,978 m²

Volume, LiDAR

12,799 m³

3 parcels, Flanders · tallest building 27.4 m, ±8 floors. Linked by address, not a title deed.

2 establishment units

Farah & Co

Ernest Van Dijckkaai 12-14, 2000 AntwerpenRetail trade

since 20142.232.192.011

O'souk by O'tagine / Baba Beirut by O'tagine

Groenplaats 43, 2000 AntwerpenLimited-service restaurants

since 20172.267.403.011

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11803C1881/00G000 ProtectedMonumentHerenhuis: geveldelenSource ↗	Flanders	3,600 m²	1 · 3,353 m²	-
11804D0019/00E000 ProtectedMonumentHoekhuisSource ↗	Flanders	403 m²	1 · 403 m²	25.8 m · 7 fl.
11804D0007/00R000 ProtectedMonumentNeobarok burgerhuisSource ↗	Flanders	222 m²	1 · 221 m²	27.4 m · 8 fl.