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FARGO

Active
Private limited companyfounded 199827 yrs activeChemin du Moulin 22, 1380 Lasne, BelgiumKBO/BCE: BE 0464.640.193
Summary

FARGO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €21k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 66% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability85▲+77
Solvency76▲+13
Growth65▲+19
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.97 in 2024; short-term debt: 16.1% and cash: 2.8% of total assets), and 49.1% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
50.9%
Return on assets
7.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 · 10 filings
Deviation from the deadline
2025
31 d late
2024
28 d late
2023
61 d late
2022
13 d early
2021
26 d early
2020
27 d late
2019
96 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover
€102k▲ 11.1%
2024 · €92k
2018: €91k 2019: €92k▲ +1.5% vs 2018 2020: €88k▼ -4.4% vs 2019lowest in 8 years 2021: €89k▲ +1.2% vs 2020 2022: €98k▲ +10.6% vs 2021 2023: €115k▲ +16.7% vs 2022highest in 8 years 2024: €92k▼ -19.7% vs 2023 2025: €102k▲ +11.1% vs 2024
2018 → 2025
EBIT margin
22.5%▲ 44.0pp
2024 · -21.5%
2018: 16.4% 2019: 19.7%▲ +19.8% vs 2018 2020: 17.6%▼ -10.3% vs 2019 2021: 12.8%▼ -27.5% vs 2020 2022: 41.1%▲ +221% vs 2021 2023: 95.1%▲ +132% vs 2022highest in 8 years 2024: -21.5%▼ -123% vs 2023lowest in 8 years 2025: 22.5%▲ +205% vs 2024
2018 → 2025
Net result
€21k
2024 · €-23k
2018: €1k 2019: €6k▲ +329% vs 2018 2020: €4k▼ -28.1% vs 2019 2021: €-355▼ -108% vs 2020 2022: €30k▲ +8444% vs 2021 2023: €73k▲ +145% vs 2022highest in 8 years 2024: €-23k▼ -132% vs 2023lowest in 8 years 2025: €21k▲ +188% vs 2024
2018 → 2025
Working capital
€-38k▼ 1,391%
2024 · €-3k
2018: €-64klowest in 8 years 2019: €-58k▲ +9.5% vs 2018 2020: €-40k▲ +31.7% vs 2019 2021: €-50k▼ -25.0% vs 2020 2022: €-44k▲ +12.3% vs 2021 2023: €45k▲ +204% vs 2022highest in 8 years 2024: €-3k▼ -106% vs 2023 2025: €-38k▼ -1391% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€89k-€98k▲ 10.6%€115k▲ 16.7%€92k▼ 19.7%€102k▲ 11.1% 2021: €89klowest in 5 years 2022: €98k▲ +10.6% vs 2021 2023: €115k▲ +16.7% vs 2022highest in 5 years 2024: €92k▼ -19.7% vs 2023 2025: €102k▲ +11.1% vs 2024
Equity€47k-€77k▲ 62.7%€150k▲ 94.6%€126k▼ 15.6%€147k▲ 16.3% 2021: €47klowest in 5 years 2022: €77k▲ +62.7% vs 2021 2023: €150k▲ +94.6% vs 2022highest in 5 years 2024: €126k▼ -15.6% vs 2023 2025: €147k▲ +16.3% vs 2024
Operating result€11k-€40k▲ 255%€109k▲ 170%€-20k€23k 2021: €11k 2022: €40k▲ +255% vs 2021 2023: €109k▲ +170% vs 2022highest in 5 years 2024: €-20k▼ -118% vs 2023lowest in 5 years 2025: €23k▲ +216% vs 2024
Net result€-355-€30k€73k▲ 145%€-23k€21k 2021: €-355 2022: €30k▲ +8444% vs 2021 2023: €73k▲ +145% vs 2022highest in 5 years 2024: €-23k▼ -132% vs 2023lowest in 5 years 2025: €21k▲ +188% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-50k€0€50k€100kOperating result 2021: €11k€11kNet result 2021: €-355€-355Operating result 2022: €40k€40kNet result 2022: €30k€30kOperating result 2023: €109k€109kNet result 2023: €73k€73kOperating result 2024: €-20k€-20kNet result 2024: €-23k€-23kOperating result 2025: €23k€23kNet result 2025: €21k€21k20212022202320242025€-50k€0€50k€100kOperating result 2023: €109k€109kNet result 2023: €73k€73kOperating result 2024: €-20k€-20kNet result 2024: €-23k€-23kOperating result 2025: €23k€23kNet result 2025: €21k€21k202320242025
The operating result returns to profit in 2025: €23k after a loss of €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288k
Fixed assets €280k ▲ 13.2%
Current assets €8k ▼ 90.7%
Equity and liabilities €288k
Equity €147k ▲ 16.3%
Debt €141k ▼ 32.4%
Debt's share of the balance-sheet total falls from 62.3% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€44k▲
2024 · €-4k
Cash flow
€42k▲
2024 · €-7k
Current ratio
0.18▼
2024 · 0.97
Debt to equity
0.96▼
2024 · 1.66
ROE
14.0%▲
2024 · -18.5%
ROA
7.1%▲
2024 · -7.0%
Interest coverage
17.86▲
2024 · -1.09
Debt ≤ 1 year
€46k▼
2024 · €90k
Debt > 1 year
€95k▼
2024 · €119k
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 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€335k€288k▼
Fixed assets21/28€247k€280k▲
Tangible fixed assets22/27€246k€279k▲
Land and buildings22€196k€187k▼
Plant, machinery and equipment23€50k€92k▲
Financial fixed assets28€1k€1k=
Current assets29/58€88k€8k▼
Amounts receivable within one year40/41€17-
Other amounts receivable41€17-
Cash at bank and in hand54/58€88k€8k▼
Equity and liabilities
Total equity and liabilities10/49€335k€288k▼
Equity10/15€126k€147k▲
Contributions10/11€59k€59k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€62k€83k▲
Amounts payable17/49€209k€141k▼
Amounts payable after more than one year17€119k€95k▼
Financial debts170/4€119k€95k▼
Amounts payable within one year42/48€90k€46k▼
Current portion of amounts payable after more than one year42€22k€24k▲
Trade debts44€260€111▼
Suppliers440/4€260€111▼
Taxes, remuneration and social security45€19k€4k▼
Taxes450/3€19k€4k▼
Other amounts payable47/48€49k€19k▼
Income statement Code20242025
Turnover70€92k€102k▲
Goods, raw materials, services and sundry goods60/61€92k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€21k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€155€49k▲
Operating profit (loss)9901€-20k€23k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-23k€21k▲
Income taxes67/77€63-
Profit (loss) for the period9904€-23k€21k▲
Profit (loss) for the period to be appropriated9905€-23k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€83k▲
Profit (loss) brought forward from the previous period14P€85k€62k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Turnover70€89k€98k€115k€92k€102k▲ 11.1%
Goods, raw materials, services and sundry goods60/61€38k€34k€123k€92k€53k▼ 42.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€20k€14k€16k€21k▲ 33.7%
Other operating charges640/8€4k€4k€5k€4k€5k▲ 27.0%
Gross operating margin9900€51k€64k€128k€155€49k▲ 31,831%
Operating profit (loss)9901€11k€40k€109k€-20k€23k▲ 216%
Financial charges65/66B€10k€9k€8k€3k€2k▼ 28.9%
Recurring financial charges65€10k€9k€8k€3k€2k▼ 28.9%
Profit (loss) for the period before taxes9903€995€31k€101k€-23k€21k▲ 188%
Income taxes67/77€1k€2k€29k€63--
Profit (loss) for the period9904€-355€30k€73k€-23k€21k▲ 188%
Transfer to tax-exempt reserves689-€5k----
Profit (loss) for the period to be appropriated9905€-355€24k€73k€-23k€21k▲ 188%
Line20212022202320242025Change
Assets
Total assets20/58€529k€478k€359k€335k€288k▼ 14.0%
Fixed assets21/28€469k€455k€245k€247k€280k▲ 13.2%
Tangible fixed assets22/27€468k€454k€244k€246k€279k▲ 13.2%
Land and buildings22€450k€433k€205k€196k€187k▼ 4.5%
Plant, machinery and equipment23€15k€21k€39k€50k€92k▲ 82.6%
Furniture and vehicles24€2k-----
Financial fixed assets28€1k€1k€1k€1k€1k=
Current assets29/58€60k€23k€114k€88k€8k▼ 90.7%
Amounts receivable within one year40/41€37k€17€17€17--
Other amounts receivable41€37k€17€17€17--
Cash at bank and in hand54/58€23k€23k€114k€88k€8k▼ 90.7%
Equity and liabilities
Total equity and liabilities10/49€529k€478k€359k€335k€288k▼ 14.0%
Equity10/15€47k€77k€150k€126k€147k▲ 16.3%
Contributions10/11€59k€59k€59k€59k€59k=
Capital10€59k€59k----
Issued capital100€59k€59k----
Reserves13€124€6k€5k€5k€5k=
Non-distributable reserves130/1€124€124----
Legal reserve130€124€124----
Distributable reserves133-€5k€5k€5k€5k=
Profit (loss) carried forward14€-11k€13k€85k€62k€83k▲ 33.2%
Amounts payable17/49€481k€401k€210k€209k€141k▼ 32.4%
Amounts payable after more than one year17€372k€335k€141k€119k€95k▼ 19.9%
Financial debts170/4€372k€335k€141k€119k€95k▼ 19.9%
Amounts payable within one year42/48€110k€66k€69k€90k€46k▼ 48.8%
Current portion of amounts payable after more than one year42€36k€37k€21k€22k€24k▲ 5.1%
Trade debts44--€7k€260€111▼ 57.2%
Suppliers440/4--€7k€260€111▼ 57.2%
Taxes, remuneration and social security45€10k€10k€22k€19k€4k▼ 80.0%
Taxes450/3€10k€10k€22k€19k€4k▼ 80.0%
Other amounts payable47/48€64k€20k€19k€49k€19k▼ 61.4%
Line20212022202320242025Change
Profit (loss) for the period9904€-355€30k€73k€-23k€21k▲ 188%
+ Depreciation and write-downs630€35k€20k€14k€16k€21k▲ 33.7%
Operating cash flow (approximation)€35k€49k€87k€-7k€42k▲ 670%
Investment in fixed assets (approximation)-€-6k€196k€-18k€-54k▼ 199%
Change in cash-€-448€91k€-26k€-80k▼ 203%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial Back to profitnet €21k
Net result €21k after one loss-making year.
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial Highest result since 2018net €73k ▲145%
Operating result €109k, net result €73k, both a record.
31-12
Financial Liquidity times 5current ratio 1.66
Current ratio from 0.34 to 1.66.
31-12
Financial Equity above €100kEq €150k ▲94.6%
2 profitable years in a row build equity to €150k.
18-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €30k
Net result €30k after one loss-making year.
05-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Show earlier events
2020
04-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 30 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, Lasne · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
4,015 m²
Building footprint
261 m²
Volume, LiDAR
1,858 m³
Parcel 25076B0219/00V000, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Chemin du Moulin 22, 1380 Lasne
NACE 5530203
since 19992.091.885.964
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25076B0219/00V000 Wallonia 4,015 m² 1 · 261 m² 9.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,550 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land

Scores and ratios are computed by Checked and are not a credit decision.