FAREVE
ActiveSummary
For FAREVE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€139,872) and a net result of €5,122. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 5% of 24615 sector peers (fiscal year 2023). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability42▲+37
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
-291.3%
Return on assets
10.7%
Age of the figures
33 mo
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-10-2024, 72 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
72 d late
2022
21 d late
2021
22 d late
2020
31 d late
2019
131 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 55 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€139,872▲ 3.5%
2022 · -€144,994
Total assets
€48,010▲ 4.3%
2022 · €46,051
Net result
€5,122
2022 · -€12,934
Working capital
-€48,259▼ 31.7%
2022 · -€36,647
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€37,282▼ 130%€5,686€26,102▲ 359%€6,025▼ 76.9%€40,149▲ 566%
Net result-€52,095▼ 102%-€2,530▲ 95.1%€12,700-€12,934€5,122
Equity-€142,230▼ 57.8%-€144,759▼ 1.8%-€132,060▲ 8.8%-€144,994▼ 9.8%-€139,872▲ 3.5%
Total assets€74,143▼ 5.1%€66,619▼ 10.1%€45,164▼ 32.2%€46,051▲ 2.0%€48,010▲ 4.3%
Debt€216,373▲ 28.6%€211,378▼ 2.3%€177,224▼ 16.2%€191,045▲ 7.8%€187,883▼ 1.7%
Working capital-€31,259▼ 1,868%-€33,814▼ 8.2%-€36,384▼ 7.6%-€36,647▼ 0.7%-€48,259▼ 31.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 566% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €48,010
Fixed assets
€5,656 ▼ 20.0%
Current assets
€42,354 ▲ 8.7%
Key figures and ratios
EBITDA
€41,563▲
2022 · €10,345
Cash flow
€6,536▲
2022 · -€8,615
Solvency
-291.3%▲
2022 · -314.9%
Current ratio
0.47▼
2022 · 0.52
Quick ratio
0.14▼
2022 · 0.18
Debt to equity
-1.34▼
2022 · -1.32
ROA
10.7%▲
2022 · -28.1%
Interest coverage
1.18▲
2022 · 0.54
Debt ≤ 1 year
€90,613▲
2022 · €75,628
Debt > 1 year
€97,270▼
2022 · €115,418
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,306 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,019 | €5,019 | €4,319 | €4,319 | €1,414 | ▼ 67.3% |
| Gross operating margin9900 | -€4,974 | €24,777 | €37,727 | €10,345 | €41,563 | ▲ 302% |
| Operating profit (loss)9901 | -€37,282 | €5,686 | €26,102 | €6,025 | €40,149 | ▲ 566% |
| Financial income75/76B | - | - | €49 | €22 | €125 | ▲ 473% |
| Recurring financial income75 | - | €42 | €49 | €22 | €125 | ▲ 473% |
| Financial charges65/66B | - | - | €13,452 | €18,981 | €35,152 | ▲ 85.2% |
| Recurring financial charges65 | €14,635 | €16,861 | €13,452 | €18,981 | €35,152 | ▲ 85.2% |
| Profit (loss) for the period before taxes9903 | -€51,917 | -€2,383 | €12,700 | -€12,934 | €5,122 | ▲ 140% |
| Income taxes67/77 | €178 | €147 | - | - | - | - |
| Profit (loss) for the period9904 | -€52,095 | -€2,530 | €12,700 | -€12,934 | €5,122 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | -€52,095 | -€2,530 | €12,700 | -€12,934 | €5,122 | ▲ 140% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,143 | €66,619 | €45,164 | €46,051 | €48,010 | ▲ 4.3% |
| Fixed assets21/28 | €20,728 | €15,709 | €11,390 | €7,070 | €5,656 | ▼ 20.0% |
| Tangible fixed assets22/27 | €20,728 | €15,709 | €11,390 | €7,070 | €5,656 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | - | €7,091 | €4,070 | €3,256 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | €4,298 | €3,000 | €2,400 | ▼ 20.0% |
| Current assets29/58 | €53,415 | €50,910 | €33,775 | €38,981 | €42,354 | ▲ 8.7% |
| Stocks and contracts in progress3 | €35,633 | €33,969 | €32,845 | €25,631 | €29,641 | ▲ 15.6% |
| Stocks30/36 | - | - | €32,845 | €25,631 | €29,641 | ▲ 15.6% |
| Amounts receivable within one year40/41 | €17,782 | €16,941 | €930 | €13,350 | €10,952 | ▼ 18.0% |
| Trade receivables40 | - | - | €930 | €11,502 | €8,458 | ▼ 26.5% |
| Other amounts receivable41 | - | - | - | €1,847 | €2,494 | ▲ 35.0% |
| Cash at bank and in hand54/58 | - | - | - | - | €1,761 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,143 | €66,619 | €45,164 | €46,051 | €48,010 | ▲ 4.3% |
| Equity10/15 | -€142,230 | -€144,759 | -€132,060 | -€144,994 | -€139,872 | ▲ 3.5% |
| Contributions10/11 | €25,000 | - | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €18,718 | €18,718 | €18,718 | €18,718 | €18,718 | = |
| Non-distributable reserves130/1 | - | - | €18,718 | €18,718 | €18,718 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €18,718 | €18,718 | = |
| Other1319 | - | - | €16,859 | - | - | - |
| Profit (loss) carried forward14 | -€185,948 | -€188,478 | -€175,778 | -€188,713 | -€183,591 | ▲ 2.7% |
| Amounts payable17/49 | €216,373 | €211,378 | €177,224 | €191,045 | €187,883 | ▼ 1.7% |
| Amounts payable after more than one year17 | €129,064 | €121,331 | €107,066 | €115,418 | €97,270 | ▼ 15.7% |
| Financial debts170/4 | - | - | €107,066 | €115,418 | €97,270 | ▼ 15.7% |
| Amounts payable within one year42/48 | €84,674 | €84,724 | €70,158 | €75,628 | €90,613 | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €18,148 | - |
| Financial debts43 | - | - | €41,022 | €42,620 | €46,717 | ▲ 9.6% |
| Credit institutions430/8 | - | - | €41,022 | €42,620 | €46,717 | ▲ 9.6% |
| Trade debts44 | €18,486 | €30,659 | €14,967 | €9,672 | €3,422 | ▼ 64.6% |
| Suppliers440/4 | - | - | €14,967 | €9,672 | €3,422 | ▼ 64.6% |
| Taxes, remuneration and social security45 | - | - | €4,593 | €3,625 | €12,799 | ▲ 253% |
| Taxes450/3 | - | - | €4,565 | €3,625 | €12,799 | ▲ 253% |
| Remuneration and social security454/9 | - | - | €28 | - | - | - |
| Other amounts payable47/48 | - | - | €9,577 | €19,710 | €9,526 | ▼ 51.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,095 | -€2,530 | €12,700 | -€12,934 | €5,122 | ▲ 140% |
| + Depreciation and write-downs630 | €5,019 | €5,019 | €4,319 | €4,319 | €1,414 | ▼ 67.3% |
| Operating cash flow (approximation) | -€47,076 | €2,490 | €17,019 | -€8,615 | €6,536 | ▲ 176% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Back to profitnet €5,122
Net result €5,122 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €12,700
Net result €12,700 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
31-12
Financial
Weakest financial yearnet -€52,095
Net result drops to -€52,095, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Tournai · 1 establishment unit since 1992
Ground area
3,329 m²
Building footprint
400 m²
Volume, LiDAR
2,568 m³
2 parcels, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sol Plus
since 19922.056.056.936
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0166/00V000 ProtectedSite or landscape |
Wallonia | 2,698 m² | 1 · 276 m² | 8.1 m · 2 fl. |
| 57021A0303/00M003 | Wallonia | 630 m² | 1 · 124 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 504 companies in sector 47713 we hold annual accounts for 195. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446214450
Also
9925:BE0446214450
Registered
08-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.