FARGON
ActiveSummary
The computed 12-month bankruptcy probability of FARGON is 3.9% (moderate). The 2025 annual accounts show equity of €93,044 and a net result of €62,429. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 13604 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency71▼-29
Growth78=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 2.6 in 2024; short-term debt: 53.6% and cash: 34.2% of total assets), and 53.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-11-2025, 12 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 · 3 filingsDeviation from the deadline
2025
12 d late
2024
44 d early
2023
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 24 October (3 of the last 3 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€93,044▼ 26.6%
2024 · €126,784
Total assets
€200,477▲ 32.0%
2024 · €151,876
Net result
€62,429▼ 14.9%
2024 · €73,352
Working capital
-€21,723
2024 · €40,218
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€75,412-€99,665▲ 32.2%€85,436▼ 14.3%
Net result€50,432above the sector's middle half-€73,352above the sector's middle half▲ 45.4%€62,429above the sector's middle half▼ 14.9%
Equity€53,432within the sector's middle half-€126,784above the sector's middle half▲ 137%€93,044above the sector's middle half▼ 26.6%
Total assets€165,026within the sector's middle half-€151,876within the sector's middle half▼ 8.0%€200,477within the sector's middle half▲ 32.0%
Debt€111,594-€25,091▼ 77.5%€107,434▲ 328%
Working capital-€44,901below the sector's middle half-€40,218within the sector's middle half-€21,723within the sector's middle half
Solvency32.4%within the sector's middle half-83.5%above the sector's middle half▲ 51.1pp46.4%within the sector's middle half▼ 37.1pp
Current ratio0.60within the sector's middle half-2.60above the sector's middle half▲ 2.010.80within the sector's middle half▼ 1.81
Return on assets (ROA)30.6%above the sector's middle half-48.3%above the sector's middle half▲ 17.7pp31.1%above the sector's middle half▼ 17.2pp
Staff (FTE)2.7-2.9▲ 7.4%7.3▲ 152%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,477
Fixed assets
€114,767 ▲ 32.6%
Current assets
€85,711 ▲ 31.2%
Equity and liabilities €200,477
Equity
€93,044 ▼ 26.6%
Debt
€107,434 ▲ 328%
Debt's share of the balance-sheet total rises from 16.5% to 53.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101,191▼
2024 · €113,832
Cash flow
€78,184▼
2024 · €87,519
Quick ratio
0.68▼
2024 · 2.51
Debt to equity
1.15▲
2024 · 0.20
ROE
67.1%▲
2024 · 57.9%
Interest coverage
51.02▼
2024 · 85.08
Debt ≤ 1 year
€107,434▲
2024 · €25,091
Income taxes
€21,387▼
2024 · €24,975
Staff costs
€106,701▲
2024 · €73,536
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €66,195 | €73,536 | €106,701 | ▲ 45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,292 | €14,167 | €15,755 | ▲ 11.2% |
| Other operating charges640/8 | €408 | €499 | €513 | ▲ 2.8% |
| Gross operating margin9900 | €157,306 | €187,867 | €208,404 | ▲ 10.9% |
| Operating profit (loss)9901 | €75,412 | €99,665 | €85,436 | ▼ 14.3% |
| Financial income75/76B | €164 | €0 | €364 | ▲ 3,641,100% |
| Recurring financial income75 | €164 | €0 | €364 | ▲ 3,641,100% |
| Financial charges65/66B | €1,053 | €1,338 | €1,983 | ▲ 48.2% |
| Recurring financial charges65 | €1,053 | €1,338 | €1,983 | ▲ 48.2% |
| Profit (loss) for the period before taxes9903 | €74,522 | €98,327 | €83,817 | ▼ 14.8% |
| Income taxes67/77 | €24,091 | €24,975 | €21,387 | ▼ 14.4% |
| Profit (loss) for the period9904 | €50,432 | €73,352 | €62,429 | ▼ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €50,432 | €73,352 | €62,429 | ▼ 14.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €165,026 | €151,876 | €200,477 | ▲ 32.0% |
| Fixed assets21/28 | €98,333 | €86,567 | €114,767 | ▲ 32.6% |
| Intangible fixed assets21 | €90,000 | €80,000 | €70,000 | ▼ 12.5% |
| Tangible fixed assets22/27 | €8,333 | €4,167 | €42,367 | ▲ 917% |
| Plant, machinery and equipment23 | €3,000 | €1,500 | €42,367 | ▲ 2,724% |
| Furniture and vehicles24 | €1,333 | €667 | - | - |
| Other tangible fixed assets26 | €4,000 | €2,000 | - | - |
| Financial fixed assets28 | - | €2,400 | €2,400 | = |
| Current assets29/58 | €66,693 | €65,309 | €85,711 | ▲ 31.2% |
| Stocks and contracts in progress3 | €3,207 | €2,347 | €12,406 | ▲ 429% |
| Stocks30/36 | €3,207 | €2,347 | €12,406 | ▲ 429% |
| Amounts receivable within one year40/41 | €1,469 | €5,878 | €4,168 | ▼ 29.1% |
| Trade receivables40 | €1,229 | €5,210 | - | - |
| Other amounts receivable41 | €240 | €668 | €4,168 | ▲ 524% |
| Cash at bank and in hand54/58 | €59,964 | €53,916 | €68,494 | ▲ 27.0% |
| Deferred charges and accrued income490/1 | €2,053 | €3,168 | €643 | ▼ 79.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €165,026 | €151,876 | €200,477 | ▲ 32.0% |
| Equity10/15 | €53,432 | €126,784 | €93,044 | ▼ 26.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | - | - | €3,000 | - |
| Other1109/19 | - | - | €3,000 | - |
| Reserves13 | €50,432 | €50,432 | - | - |
| Distributable reserves133 | €50,432 | €50,432 | - | - |
| Profit (loss) carried forward14 | - | €73,352 | €90,044 | ▲ 22.8% |
| Amounts payable17/49 | €111,594 | €25,091 | €107,434 | ▲ 328% |
| Amounts payable within one year42/48 | €111,594 | €25,091 | €107,434 | ▲ 328% |
| Financial debts43 | €6,699 | €8,499 | €8,478 | ▼ 0.2% |
| Credit institutions430/8 | €6,699 | €8,499 | €8,478 | ▼ 0.2% |
| Trade debts44 | €12,509 | €11,871 | €13,638 | ▲ 14.9% |
| Suppliers440/4 | €12,509 | €11,871 | €13,638 | ▲ 14.9% |
| Taxes, remuneration and social security45 | €8,993 | €3,001 | €18,858 | ▲ 528% |
| Taxes450/3 | €6,071 | €761 | €8,215 | ▲ 980% |
| Remuneration and social security454/9 | €2,922 | €2,240 | €10,643 | ▲ 375% |
| Other amounts payable47/48 | €83,393 | €1,720 | €66,459 | ▲ 3,764% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,432 | €73,352 | €62,429 | ▼ 14.9% |
| + Depreciation and write-downs630 | €15,292 | €14,167 | €15,755 | ▲ 11.2% |
| Operating cash flow (approximation) | €65,724 | €87,519 | €78,184 | ▼ 10.7% |
| Investment in fixed assets (approximation) | - | -€2,400 | -€43,955 | ▼ 1,731% |
| Change in cash | - | -€6,049 | €14,578 | ▲ 341% |
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
Next filing, fiscal year 2026, expected by
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2023net €73,352 ▲45.4%
Operating result €99,665, net result €73,352, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 2.60
Current ratio from 0.60 to 2.60; short-term debt falls from €111,594 to €25,091.
31-03
Financial
Equity above €100,000Eq €126,784 ▲137%
2 profitable years in a row build equity to €126,784.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Oostkamp · 1 establishment unit since 2022
Ground area
1,091 m²
Building footprint
603 m²
Volume, LiDAR
3,854 m³
Parcel 31022I0626/00H000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FARGON
since 20222.329.996.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0626/00H000 | Flanders | 1,091 m² | 1 · 603 m² | 11.5 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,050 EUR awarded · 1,950 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,050 EUR | 1,950 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkamp2.329.996.121
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,658 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
Founded29-03-2022
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783961522
Also
9925:BE0783961522
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.