Investments
€53,967 2.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 82.6% higher than in 2024.
FARGO
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 1999peak €562,494 (2012)
€102,401▲ 11.1%
lowest -€23,391 (2024)
€20,561▲ €43,951
peak €149,544 (2023)
€146,714▲ 16.3%
€141,276▼ 32.4%
peak 9.7 FTE (2012)
-not published
Board2 names since 2021
2 directorsCédric ANCIAUX and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €155 to €49,499Back to profit: €20,561Equity from €126,153 to €146,714Debts from €208,843 to €141,276Investments €53,967Cash from €87,698 to €8,162
Key points
from the 2025 annual accountsChecked score
71
Healthy
Financially stronger than 66% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025lowest value
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Liquidity: current ratio 0.18, cash €8,162, halved
Size: turnover €102,401, total assets €287,990
lowers risk
Founded in 1998
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 68, micro). It does better than 65% of them on solvency, 47% on liquidity, 82% on profitability and 71% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 31,368 companies had the same profile as FARGO has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FARGO itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for FARGO. 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 0.18 (0.97 in 2024), below 1. Short-term debt is 16.1% and cash 2.8% of total assets. 49.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. 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
31 days late
2024
28 days late
2023
61 days late
2022
13 days early
2021
26 days early
2020
27 days late
2019
96 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 29 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
Changes of role: ANCIAUX Cédric Daniel Robert (director) and GIAMMORCARO Joseph (director) · “La société a également pour objet,tant en Belgique qu’à l’étranger,pour compte propre ou compte de tiers ou en…” (deed in French) · Director discharge: ANCIAUX Cédric Daniel Robert · General meeting of 12-12-2023 · Gazette deed
Registered office moved from Brussels to Lasne
New registered office: Chemin du Moulin 22 à 1380 Lasne · Previous registered office: RUE SAINT BONIFACE 8-1050 BRUXELLES · General meeting of 20-09-2021 · Gazette deed
First establishment
Chemin du Moulin 22, Lasne
Incorporation
published on 02-12-1998 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FARGO Lasne | €102,401 | 22.5% | 50.9% | - |
| J.P.S. Ittre | - | - | 40.8% | - |
| IMMOJULY Brecht | €63,684 | 71.7% | 98.5% | - |
| MANSOE Zedelgem | - | - | 16.3% | - |
| INELL Heusden-Zolder | - | - | 73.3% | - |
| European Transactions and Investments Company Ixelles | - | - | 42.0% | - |
| AUTO - CARROSS Charleroi | - | - | 30.0% | - |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as FARGO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €272,000 and €308,000, founded between 1995 and 2000.
Official details
Source: KBO- Status
- Active since 20-11-1998Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.091.885.9641380 Lasne, since 12-08-1999
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on FARGO
FARGO has existed since 1998. Turnover fell from €562,494 in 2012 to €59,653 in 2013.
Solvency rose in 2025 from 37.7% to 50.9% 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 FARGO
- What is the company number of FARGO?
- The company number of FARGO is 0464.640.193. The VAT number is the same number with BE in front: BE 0464.640.193.
- Where is FARGO based?
- The registered office is at Chemin du Moulin 22, 1380 Lasne.Company details
- What does FARGO do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of FARGO?
- FARGO is a private limited company (BV).
- When was FARGO founded?
- FARGO was founded on 20-11-1998.
- Is FARGO still active?
- Yes, FARGO is an active enterprise in the KBO register.
- What is the turnover of FARGO?
- The turnover of FARGO was €102,401 in financial year 2025, according to the filed annual accounts.Financials
- Is FARGO profitable?
- In financial year 2025, FARGO made a profit of €20,561.
- Where can I find the annual accounts of FARGO?
- FARGO filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FARGO due?
- FARGO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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