Debts
€404,198 76% of the balance sheet
Financial debts 70%Suppliers 2%Taxes and wages 10%Other 17%
Of this, €117,884 falls due within a year.
FARDAN
Lifetime
13 annual accounts with figures on one time axisGross marginpeak €178,753 (2025)
€178,753▲ 28.9%
Resultlowest -€33,660 (2022)
€30,896▼ 5.1%
Equitypeak €127,441 (2025)
€127,441▲ 32.0%
Debts
€404,198▼ 18.9%
Staffpeak 3.2 FTE (2021)
2.6 FTE▲ 62.5%
Board2 names since 2022
2 directorsDARAB Nora and 1 other
Documentsfilings and deeds
02-02-20262 days late
2025financial year
Gross margin from €138,711 to €178,753Staff from 1.6 FTE to 2.6 FTEEquity from €96,545 to €127,441Debts from €498,439 to €404,198Cash from €30,804 to €62,924
Key points
from the 2025 annual accountsChecked score
84
Excellent
Financially stronger than 62% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,278 companies (NACE 47, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 2.0%▲ +0.4 percentage points vs 12-2024
02-2025: 2.4%▲ +0.4 percentage points vs 01-2025highest value
03-2025: 0.6%▼ -1.8 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.7%▲ +0.1 percentage points vs 11-2025
01-2026: 0.9%▲ +0.2 percentage points vs 12-2025
02-2026: 1.5%▲ +0.6 percentage points vs 01-2026
03-2026: 0.4%▼ -1.1 percentage points vs 02-2026lowest value
04-2026: 0.4%● unchanged vs 03-2026lowest value
05-2026: 0.4%● unchanged vs 04-2026lowest value
06-2026: 0.4%● unchanged vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
Size: 2.6 FTE, total assets €531,638
Equity €127,441 (24.0% of total assets)
lowers risk
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 40% of them on solvency, 63% on liquidity, 63% on profitability and 80% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as FARDAN has now. Each dot stands for 13 companies, two years later.
95.8%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FARDAN itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for FARDAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.97 (0.77 in 2024), below 1. Short-term debt is 22.2% and cash 11.8% of total assets. 76% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 2 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
2 days late
2024
on the day
2023
on the day
2022
56 days late
2021
7 days late
2020
2 days early
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end05-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0843655520
First establishment
David Van Beverstraat 8, Woluwe-Saint-Pierre
Incorporation
published on 27-02-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| FARDAN Woluwe-Saint-Pierre | €531,638 | €178,753 | 24.0% | 2.6 |
| ZUIDZAND EXPRESS Bruges | €536,469 | €172,916 | 30.3% | 2.6 |
| ARMSTAR Sint-Niklaas | €474,486 | €188,246 | 27.4% | 2.8 |
| SER FELIZ Kortrijk | €639,668 | €176,488 | 2.9% | 2.3 |
| JACOBS EXPRESS Ghent | €824,764 | €153,122 | 18.7% | 2.6 |
| MEHER GROUP Antwerp | €605,255 | €138,584 | 28.7% | 3.5 |
| M&B FOOD Liège | €536,514 | €271,044 | 17.4% | 2.7 |
These companies have the same main activity as FARDAN: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €474,000 and €825,000, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 14-02-2012Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 2 others
- Establishment unit
- 2.207.660.3151150 Woluwe-Saint-Pierre, since 19-03-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 09-12-2025
Annual accounts to 30-06-2025
- Turnover
- ≈ €1.6mestimated
- Total assets
- €531,638▼ 10.6%
- Employeeson 30-06-2025
- 5▲ 25.0%
- Filing
- Filed on 02-02-2026
Insights on FARDAN
FARDAN has existed since 2012. The gross margin grew from €38,949 in 2013 to €178,753 in 2025 and staff from 0.4 to 2.6 full-time equivalents.
Solvency rose in 2025 from 16.2% to 24.0% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FARDAN
- What is the company number of FARDAN?
- The company number of FARDAN is 0843.655.520. The VAT number is the same number with BE in front: BE 0843.655.520.
- Where is FARDAN based?
- The registered office is at David Van Beverstraat 8, 1150 Woluwe-Saint-Pierre.Company details
- What does FARDAN do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of FARDAN?
- FARDAN is a private limited company (BV).
- When was FARDAN founded?
- FARDAN was founded on 14-02-2012.
- Is FARDAN still active?
- Yes, FARDAN is an active enterprise in the KBO register.
- How many employees does FARDAN have?
- FARDAN had an average of 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FARDAN?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €178,753 and 32 comparable companies (NACE 47110). It probably lies between €1.2m and €2.1m.
- Is FARDAN profitable?
- In financial year 2025, FARDAN made a profit of €30,896.
- Where can I find the annual accounts of FARDAN?
- FARDAN filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FARDAN due?
- FARDAN must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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