FARENOVATION
ActiveSummary
The computed 12-month bankruptcy probability of FARENOVATION is 2.4% (moderate). The 2025 annual accounts show equity of €2k and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+36
Solvency28▲+2
Growth32=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.72 against 0.52 in 2024; short-term debt: 91.2% and cash: 13.8% of total assets), and 97.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 5 filingsDeviation from the deadline
2025
3 d late
2024
9 d early
2023
33 d early
2022
59 d late
2021
31 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▲ 169%
2024 · €633
2021: €11k
2022: €19k
2023: €34k
2024: €633
2021 → 2025
Total assets
€60k▲ 41.1%
2024 · €42k
2021: €13k
2022: €25k
2023: €114k
2024: €42k
2021 → 2025
Net result
€1k
2024 · €-34k
2021: €6k
2022: €8k
2023: €15k
2024: €-34k
2021 → 2025
Working capital
€-15k▲ 3.9%
2024 · €-16k
2021: €10k
2022: €2k
2023: €16k
2024: €-16k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€19k▲ 78.7%€34k▲ 77.6%€633▼ 98.2%€2k▲ 169%
Operating result€6k-€11k▲ 84.5%€19k▲ 78.6%€-27k€11k
Net result€6k-€8k▲ 46.8%€15k▲ 76.2%€-34k€1k
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: €11k after a loss of €27k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60k
Fixed assets
€21k ▼ 17.2%
Current assets
€39k ▲ 124%
Equity and liabilities €60k
Equity
€2k ▲ 169%
Debt
€58k ▲ 39.2%
Debt's share of the balance-sheet total falls from 98.5% to 97.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2024 · €-23k
Cash flow
€7k▲
2024 · €-29k
Current ratio
0.72▲
2024 · 0.52
Debt to equity
34.18
ROE
62.8%
ROA
1.8%▲
2024 · -79.3%
Interest coverage
1.77▲
2024 · -3.29
Debt ≤ 1 year
€55k▲
2024 · €33k
Debt > 1 year
€4k▼
2024 · €8k
Income taxes
€349
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€42k€60k▲
Fixed assets21/28€25k€21k▼
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€17k€14k▼
Plant, machinery and equipment23€66-
Furniture and vehicles24€17k€14k▼
Financial fixed assets28€2k€2k=
Current assets29/58€18k€39k▲
Amounts receivable within one year40/41€10k€31k▲
Trade receivables40€10k€31k▲
Cash at bank and in hand54/58-€8k
Deferred charges and accrued income490/1€8k€13▼
Equity and liabilities
Total equity and liabilities10/49€42k€60k▲
Equity10/15€633€2k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-4k€-3k▲
Amounts payable17/49€42k€58k▲
Amounts payable after more than one year17€8k€4k▼
Financial debts170/4€8k€4k▼
Amounts payable within one year42/48€33k€55k▲
Current portion of amounts payable after more than one year42€5k€5k=
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€7k€21k▲
Suppliers440/4€7k€21k▲
Taxes, remuneration and social security45€14k€24k▲
Taxes450/3€14k€24k▲
Other amounts payable47/48€3k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-20k€23k▲
Operating profit (loss)9901€-27k€11k▲
Financial income75/76B€724€21▼
Recurring financial income75€724€21▼
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€-34k€1k▲
Income taxes67/77-€349
Profit (loss) for the period9904€-34k€1k▲
Profit (loss) for the period to be appropriated9905€-34k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-3k▲
Profit (loss) brought forward from the previous period14P€29k€-4k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €15k ▲76.2%
Operating result €19k, net result €15k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 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, Sint-Genesius-Rode · 1 establishment unit since 2022
Ground area
7,714 m²
Building footprint
1,559 m²
Volume, LiDAR
17,695 m³
2 parcels, Flanders, Wallonia · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
412
companies at this address
See who is registered here
1 establishment unit
FARENOVATION
since 20222.338.496.883
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 1,453 m² | 23.0 m · 4 fl. |
| 25744E0765/00_000 | Wallonia | 406 m² | 1 · 105 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SERCU
BE 0760.625.795
Zonnebeke · Eq €1,694
MED BOUW
BE 0642.523.050
Antwerpen · Eq €1,706
MOBBY SOL
BE 0769.789.030
Wavre · Eq €1,692
LODATIS
BE 1001.939.724
Zaventem · Eq €1,681
OHL COMPANY
BE 1020.171.170
Vorst · Eq €1,739
Of 7,289 companies in sector 43350 we hold annual accounts for 2,360. 442 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.