FARES
ActiveThe computed 12-month bankruptcy probability of FARES is 3.1% (moderate). The 2025 annual accounts show equity of €161k and a net result of €97k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 13009 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
93
/ 100
Excellent▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency96▲+61
Growth78=
Stability94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.24 in 2024), and 47% of the assets are financed with debt.
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
raises risk · 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53%
Return on assets
31.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
30 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€161k▲ 151%
2024 · €64k
2021: €33k
2022: €102k
2023: €155k
2024: €64k
2021 → 2025
Total assets
€305k▲ 4.3%
2024 · €292k
2021: €108k
2022: €181k
2023: €271k
2024: €292k
2021 → 2025
Net result
€97k▼ 11.5%
2024 · €110k
2021: €27k
2022: €68k
2023: €53k
2024: €110k
2021 → 2025
Working capital
€153k▲ 199%
2024 · €51k
2021: €49k
2022: €111k
2023: €162k
2024: €51k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€102k▲ 203%€155k▲ 52.4%€64k▼ 58.4%€161k▲ 151%
Operating result€37k-€89k▲ 141%€68k▼ 23.9%€137k▲ 102%€125k▼ 8.7%
Net result€27k-€68k▲ 148%€53k▼ 21.9%€110k▲ 106%€97k▼ 11.5%
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 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305k
Fixed assets
€19k▼ 17.6%
Current assets
€285k▲ 6.2%
Equity and liabilities €305k
Equity
€161k▲ 151%
Debt
€143k▼ 37.1%
The debt ratio falls from 77.9% to 47.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€134k▼
2024 · €143k
Cash flow
€106k▼
2024 · €116k
Solvency
53.0%▲
2024 · 22.1%
Current ratio
2.16▲
2024 · 1.24
Quick ratio
2.12▲
2024 · 1.21
Debt / equity
0.89▼
2024 · 3.53
ROE
60.1%▼
2024 · 170.4%
ROA
31.9%▼
2024 · 37.6%
Interest coverage
12.21▼
2024 · 17.98
Debt
€143k▼
2024 · €228k
Debt ≤ 1 year
€132k▼
2024 · €217k
Income taxes
€27k▼
2024 · €33k
Staff costs
€100k▼
2024 · €102k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€292k€305k▲
Fixed assets21/28€24k€19k▼
Tangible fixed assets22/27€24k€19k▼
Plant, machinery and equipment23€18k€16k▼
Other tangible fixed assets26€5k€3k▼
Current assets29/58€269k€285k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€223k€260k▲
Trade receivables40€490€9k▲
Other amounts receivable41€222k€250k▲
Cash at bank and in hand54/58€40k€19k▼
Deferred charges and accrued income490/1-€764
Equity and liabilities
Total equity and liabilities10/49€292k€305k▲
Equity10/15€64k€161k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€58k€155k▲
Amounts payable17/49€228k€143k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€217k€132k▼
Current portion of amounts payable after more than one year42€10k€25k▲
Financial debts43€12k€33k▲
Credit institutions430/8€12k€33k▲
Trade debts44€34k€33k▼
Suppliers440/4€34k€33k▼
Taxes, remuneration and social security45€46k€26k▼
Taxes450/3€46k€26k▼
Other amounts payable47/48€115k€15k▼
Accrued charges and deferred income492/3€6k€11k▲
Income statement
Code20242025
Remuneration, social security and pensions62€102k€100k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€248k€236k▼
Operating profit (loss)9901€137k€125k▼
Financial income75/76B€14k€10k▼
Recurring financial income75€14k€10k▼
Financial charges65/66B€8k€11k▲
Recurring financial charges65€8k€11k▲
Profit (loss) for the period before taxes9903€142k€124k▼
Income taxes67/77€33k€27k▼
Profit (loss) for the period9904€110k€97k▼
Profit (loss) for the period to be appropriated9905€110k€97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€258k€155k▼
Profit (loss) brought forward from the previous period14P€149k€58k▼
Profit to be distributed694/7€200k-
Return on contributions (dividend)694€200k-
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €161k ▲151%
5 profitable years in a row build equity to €161k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €110k ▲106%
Operating result €137k, net result €110k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150kEq €155k ▲52.4%
3 profitable years in a row build equity to €155k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €102k ▲203%
2 profitable years in a row build equity to €102k.
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.
Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2021
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.
Sint-Amandsstraat 218000 BruggeGround area
111 m²
Building footprint
106 m²
Volume, LiDAR
811 m³
Parcel 31804D0492/00A000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Surf & Turf
since 20212.314.739.605
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0492/00A000 | Flanders | 111 m² | 1 · 106 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
MA FAçON
BE 0897.927.713
Hoegaarden · Eq €161k
Optimistico
BE 0766.444.015
Sint-Martens-Latem · Eq €162k
SARDINIAN FOOD
BE 0821.598.017
Etterbeek · Eq €162k
PAL
BE 0650.880.886
Brugge · Eq €162k
BIORGANIC EVENTS
BE 0768.253.262
Vorst · Eq €161k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,308. 8,851 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2021
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
55204Guest rooms (bed and breakfast)
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.