FARAM
ActiveSummary
FARAM has been active since 1958 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €478,676 and a net result of -€166,358. Equity is shrinking by ~13.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 21% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-11
Solvency39▼-6
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.42 in 2024; short-term debt: 60.3% and cash: 7.7% of total assets), and 85.7% of the assets are financed with debt.
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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 · 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 →
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
14.3%
Return on assets
-5%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8115 sector peers (2025).
NBB · sector comparisonPosition among 8115 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-10-2025, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
31 d early
2023
8 d early
2022
5 d early
2021
6 d early
2020
31 d early
2019
13 d early
← 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 17 days before 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Wevelgem, Wholesale and retail trade sector
Equity
€478,676▼ 25.8%
2024 · €645,035
Total assets
€3.4m▲ 1.4%
2024 · €3.3m
Net result
-€166,358
2024 · €2,262
Working capital
€365,325▼ 45.4%
2024 · €668,692
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-€119,746-€17,426▲ 85.4%-€37,007▼ 112%€42,879-€33,746
Net result-€116,507below the sector's middle half▼ 1,075%-€53,866below the sector's middle half▲ 53.8%-€76,432below the sector's middle half▼ 41.9%€2,262within the sector's middle half-€166,358below the sector's middle half
Equity€1.5mabove the sector's middle half▼ 7.3%€1.4mabove the sector's middle half▼ 3.7%€642,773within the sector's middle half▼ 54.7%€645,035within the sector's middle half▲ 0.4%€478,676within the sector's middle half▼ 25.8%
Total assets€4.5mabove the sector's middle half▲ 6.7%€3.8mabove the sector's middle half▼ 16.2%€3.9mabove the sector's middle half▲ 1.7%€3.3mabove the sector's middle half▼ 14.7%€3.4mabove the sector's middle half▲ 1.4%
Debt€3.1m▲ 15.0%€2.4m▼ 22.2%€3.2m▲ 35.2%€2.7m▼ 17.7%€2.9m▲ 8.1%
Working capital€1.3m▼ 3.8%€1.3m▼ 0.7%€475,786▼ 64.2%€668,692▲ 40.5%€365,325▼ 45.4%
Solvency32.4%within the sector's middle half▼ 4.9pp37.2%within the sector's middle half▲ 4.9pp16.6%below the sector's middle half▼ 20.7pp19.5%below the sector's middle half▲ 2.9pp14.3%below the sector's middle half▼ 5.2pp
Staff (FTE)5.1within the sector's middle half▼ 13.6%5.6within the sector's middle half▲ 9.8%5.3within the sector's middle half▼ 5.4%4.8within the sector's middle half▼ 9.4%4.8within the sector's middle half=
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €33,746 after €42,879 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€966,173 ▼ 7.0%
Current assets
€2.4m ▲ 5.3%
Equity and liabilities €3.4m
Equity
€478,676 ▼ 25.8%
Debt
€2.9m ▲ 8.1%
Debt's share of the balance-sheet total rises from 80.5% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79,062▼
2024 · €146,314
Cash flow
-€53,550▼
2024 · €105,697
Current ratio
1.18▼
2024 · 1.42
Quick ratio
0.34▲
2024 · 0.33
Debt to equity
6.00▲
2024 · 4.12
ROE
-34.8%▼
2024 · 0.4%
ROA
-5.0%▼
2024 · 0.1%
Interest coverage
0.50▼
2024 · 1.05
Debt ≤ 1 year
€2.0m▲
2024 · €1.6m
Debt > 1 year
€852,822▼
2024 · €1.1m
Staff costs
€314,011▲
2024 · €294,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 2,448 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 | - | €0 | €2,250 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €264,864 | €272,520 | €294,512 | €314,011 | ▲ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,251 | €96,263 | €99,732 | €103,435 | €112,808 | ▲ 9.1% |
| Other operating charges640/8 | - | €25,105 | €30,330 | €28,069 | €29,946 | ▲ 6.7% |
| Non-recurring operating charges66A | - | €68 | €197 | €429 | €179 | ▼ 58.3% |
| Gross operating margin9900 | €187,848 | €368,873 | €365,772 | €469,324 | €423,198 | ▼ 9.8% |
| Operating profit (loss)9901 | -€119,746 | -€17,426 | -€37,007 | €42,879 | -€33,746 | ▼ 179% |
| Financial income75/76B | - | €54,220 | €74,523 | €98,975 | €26,418 | ▼ 73.3% |
| Recurring financial income75 | €74,747 | €54,220 | €74,523 | €98,975 | €26,418 | ▼ 73.3% |
| Financial charges65/66B | - | €90,036 | €113,864 | €139,593 | €159,031 | ▲ 13.9% |
| Recurring financial charges65 | €68,434 | €90,036 | €105,864 | €139,593 | €159,031 | ▲ 13.9% |
| Non-recurring financial charges66B | - | €0 | €8,000 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€115,590 | -€53,242 | -€76,348 | €2,262 | -€166,358 | ▼ 7,456% |
| Income taxes67/77 | €917 | €624 | €84 | €0 | - | - |
| Profit (loss) for the period9904 | -€116,507 | -€53,866 | -€76,432 | €2,262 | -€166,358 | ▼ 7,456% |
| Profit (loss) for the period to be appropriated9905 | -€116,507 | -€53,866 | -€76,432 | €2,262 | -€166,358 | ▼ 7,456% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €3.8m | €3.9m | €3.3m | €3.4m | ▲ 1.4% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.1m | €1.0m | €966,173 | ▼ 7.0% |
| Intangible fixed assets21 | €8,986 | €6,775 | €4,563 | €2,352 | €203 | ▼ 91.4% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.1m | €1.0m | €965,547 | ▼ 6.8% |
| Land and buildings22 | - | €1.2m | €1.1m | €1.0m | €914,799 | ▼ 8.5% |
| Plant, machinery and equipment23 | - | €21,809 | €18,322 | €12,464 | €6,607 | ▼ 47.0% |
| Furniture and vehicles24 | - | €12,433 | €9,966 | €5,073 | €1,334 | ▼ 73.7% |
| Leasing and similar rights25 | - | - | €23,086 | €18,138 | €42,807 | ▲ 136% |
| Financial fixed assets28 | €449 | €449 | €449 | €449 | €424 | ▼ 5.5% |
| Current assets29/58 | €3.2m | €2.6m | €2.7m | €2.3m | €2.4m | ▲ 5.3% |
| Amounts receivable after more than one year29 | - | €700,000 | €0 | - | - | - |
| Other amounts receivable291 | - | €700,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €2.2m | €1.4m | €1.2m | €1.7m | €1.7m | ▼ 3.1% |
| Stocks30/36 | - | €1.4m | €1.2m | €1.7m | €1.7m | ▼ 3.1% |
| Amounts receivable within one year40/41 | €174,103 | €296,775 | €624,858 | €420,019 | €429,976 | ▲ 2.4% |
| Trade receivables40 | - | €176,382 | €507,585 | €337,483 | €373,767 | ▲ 10.8% |
| Other amounts receivable41 | - | €120,392 | €117,273 | €82,536 | €56,209 | ▼ 31.9% |
| Cash at bank and in hand54/58 | €114,111 | €200,708 | €875,355 | €91,705 | €256,441 | ▲ 180% |
| Deferred charges and accrued income490/1 | - | €19,899 | €27,750 | €10,167 | €10,188 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €3.8m | €3.9m | €3.3m | €3.4m | ▲ 1.4% |
| Equity10/15 | €1.5m | €1.4m | €642,773 | €645,035 | €478,676 | ▼ 25.8% |
| Contributions10/11 | - | €220,000 | €220,000 | €220,000 | €220,000 | = |
| Reserves13 | €1.3m | €1.2m | €422,773 | €425,035 | €258,676 | ▼ 39.1% |
| Non-distributable reserves130/1 | - | €1.0m | €22,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1.0m | €22,000 | €0 | - | - |
| Tax-exempt reserves132 | - | €15,782 | €15,782 | €15,782 | €15,782 | = |
| Distributable reserves133 | - | €161,423 | €384,991 | €409,253 | €242,895 | ▼ 40.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €3.1m | €2.4m | €3.2m | €2.7m | €2.9m | ▲ 8.1% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €975,249 | €1.1m | €852,822 | ▼ 19.5% |
| Financial debts170/4 | - | €1.1m | €975,249 | €1.1m | €852,822 | ▼ 19.5% |
| Amounts payable within one year42/48 | €1.9m | €1.3m | €2.3m | €1.6m | €2.0m | ▲ 26.5% |
| Current portion of amounts payable after more than one year42 | - | €765,998 | €1.4m | €1.2m | €1.2m | ▲ 0.5% |
| Financial debts43 | - | €415,000 | €100,000 | €0 | €235,000 | - |
| Credit institutions430/8 | - | €415,000 | €100,000 | €0 | €235,000 | - |
| Trade debts44 | €15,594 | €73,481 | €71,497 | €52,587 | €35,785 | ▼ 32.0% |
| Suppliers440/4 | - | €73,481 | €71,497 | €52,587 | €35,785 | ▼ 32.0% |
| Taxes, remuneration and social security45 | - | €14,736 | €8,094 | €13,367 | €12,848 | ▼ 3.9% |
| Taxes450/3 | - | €2,848 | €4,301 | €4,121 | €2,882 | ▼ 30.1% |
| Remuneration and social security454/9 | - | €11,888 | €3,794 | €9,247 | €9,966 | ▲ 7.8% |
| Other amounts payable47/48 | - | €406 | €700,406 | €300,406 | €500,000 | ▲ 66.4% |
| Accrued charges and deferred income492/3 | - | - | - | €2,410 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€116,507 | -€53,866 | -€76,432 | €2,262 | -€166,358 | ▼ 7,456% |
| + Depreciation and write-downs630 | €98,251 | €96,263 | €99,732 | €103,435 | €112,808 | ▲ 9.1% |
| Operating cash flow (approximation) | -€18,256 | €42,397 | €23,300 | €105,697 | -€53,550 | ▼ 151% |
| Investment in fixed assets (approximation) | - | -€6,003 | -€29,127 | €0 | -€40,180 | - |
| Change in cash | - | €86,597 | €674,647 | -€783,650 | €164,736 | ▲ 121% |
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
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€166,358
Net result drops to -€166,358, the lowest in the series.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €2,262
Net result €2,262 after 5 loss-making years.
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Wevelgem · 1 establishment unit since 1958
Ground area
7,525 m²
Building footprint
5,134 m²
Volume, LiDAR
12,337 m³
Parcel 34041C0788/00K000, Flanders · tallest building 6.9 m. Linked by address, not a title deed.
1 establishment unit
FARAM
since 19582.003.618.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0788/00K000 | Flanders | 7,525 m² | 1 · 5,133 m² | 6.9 m |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- VANCAF
- FARAM
Highest known parent: VANCAF. The sources do not say who stands above it.
Owners 1
- VANCAFparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493000M7ZMJCDVBWD05
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Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-1958
Fiscal year end31-03
Activities, NACEBEL 2025
46496Wholesale trade
46900Non-specialised wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
46492Wholesale trade
46497Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405338551
Also
9925:BE0405338551
Registered
25-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.