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Complete company report
Generated 13-07-2026
Active BE 0788.821.024Private limited company

FARAS

Heibraak 20 ·2310 Rijkevorsel, Belgium· 3 yrs active
Sector: Financial services (64210)
Conclusion Checked

FARAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €453k and a net result of €270k. Its solvency ranks better than 44% of 1395 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €453k
Net result €270k
Better than sector 44%
Active 3 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability100Solvency39Growth78Stability94
62 / 100

Strong profile, led by profitability.

Health 0
Profitability 100
Solvency 39
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.
Financial overview2 NBB filings
Annual accounts filed on 18-07-2025 with the NBB · fiscal year 2024 · verkort
€0€100k€200k€300k€400kOperating result 2023: €273k€273kNet result 2023: €163k€163kOperating result 2024: €356k€356kNet result 2024: €270k€270k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 64, Financial services · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 32.0% 37.2%
better than 44% of 1395 sector peers
Net result €270k €46k
better than 80% of 1394 sector peers
Equity €453k €362k
better than 55% of 1395 sector peers
Gross operating margin €366k €66k
better than 89% of 1393 sector peers
Total assets €1.41M €1.40M
better than 50% of 1395 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€270k
+65.5% -93% vs sector
Total assets
€1.41M
+88.3% -98% vs sector
Equity
€453k
+147.5% -99% vs sector
Income taxes
€58k
-37.7% far above sector median
Debt
€961k
+69.2% -97% vs sector
Debt ≤ 1y
€372k
+57.7% -98% vs sector
Debt > 1y
€589k
+77.5% -98% vs sector
Solvency
32.0%
+31.4% -31% vs sector
ROE
59.6%
-33.1% far above sector median
ROA
19.1%
-12.1% +135% vs sector
Figures by fiscal year
Fiscal year2024
Revenuen/a
EBITDAn/a
Net profit€270k
Cash flown/a
Staff costs-
Income taxes€58k
Dividends-
Total assets€1.41M
Equity€453k
Debt€961k
of which ≤ 1y€372k
of which > 1y€589k
Working capitaln/a
Employees (FTE)-
Ratios (computed)
2024
Current ration/a
Quick ration/a
Working capital ration/a
Solvency32.0%
Debt / equityn/a
Long-term debt ration/a
Interest coveragen/a
Gross marginn/a
Net marginn/a
ROA19.1%
ROE59.6%
EBITDA marginn/a
Days sales outstandingn/a
Days payable outstandingn/a
Inventory turnovern/a
Days inventory (DSI)n/a
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.41M
Fixed assets 21/28€1.23M
Tangible fixed assets 22/27€27k
Financial fixed assets 28€1.20M
Current assets 29/58€187k
Amounts receivable within one year 40/41€69k
Cash & bank 54/58€118k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.41M
Equity 10/15€453k
Contributions / capital 10/11€20k
Reserves 13€433k
Amounts payable 17/49€961k
Amounts payable after one year 17€589k
Amounts payable within one year 42/48€372k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€366k
Operating result 9901€356k
Financial income 75€0
Financial charges 65€28k
Result before taxes 9903€328k
Income taxes 67/77€58k
Net result for the period 9904€270k
Result to be appropriated 9905€270k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Financial services(64210)
Legal form Private limited company(610)
Incorporation22-07-2022
StatusActive
Postal code2310
Establishment units 1 location
FARAS
Heibraak 20, 2310 RijkevorselOverige dienstverlenende activiteiten op het gebied van informatie, n.e. g.
since 20222.333.607.786
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13037H0160/00K000 Flanders 603 m² 1 · 121 m² 2.8 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
02-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
22-05-2024
State Gazette act Miscellaneous
other
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
22-05-2024 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous
Summary: other
Technical details 
{
  "stage": null,
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-05-22",
    "filing_date": "2024-05-17",
    "act_kind_objet": "Het blijkt uit de buitengewone algemene vergadering de dato 18 april 2023 dat volgende beslissingen"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2023-04-18",
    "unanimous": null
  },
  "conversion": null,
  "detected_kind": "other",
  "report_waiver": null,
  "restructuring": null,
  "subject_company": {
    "kbo": "0788.821.024",
    "name_full": "FARAS",
    "legal_form": "Besloten Vennootschap"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "SCHRIJVERS Seppe",
    "org_rep_person_name": null
  },
  "summary_narrative": "De algemene vergadering van FARAS beslist op 18 april 2023 om de vaste vertegenwoordiger Seppe SCHRIJVERS te ontslaan.",
  "co_filed_documents": [],
  "detected_real_type": "other",
  "referenced_correction": null,
  "should_reroute_to_category": "director_changes"
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Holdings64200Activiteiten van holdings64210Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL FARAS
Registered office
Heibraak 20
2310 Rijkevorsel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative