FARIAB
Open bankruptcyA bankruptcy procedure is open for FARIAB according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.
Summary
The 2022 annual accounts show equity of €20k and a net result of €12k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
61 d late
2020
25 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€20k▲ 150%
2021 · €8k
2018: €-2k
2019: €-6k
2020: €-21k
2021: €8k
2018 → 2022
Total assets
€27k▲ 13.2%
2021 · €24k
2018: €15k
2019: €15k
2020: €13k
2021: €24k
2018 → 2022
Net result
€12k▼ 58.1%
2021 · €29k
2018: €-6k
2019: €-4k
2020: €-14k
2021: €29k
2018 → 2022
Working capital
€16k▲ 292%
2021 · €4k
2018: €-7k
2019: €-12k
2020: €-25k
2021: €4k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-2k-€-6k▼ 192%€-21k▼ 235%€8k€20k▲ 150%
Operating result€-3k-€-4k▼ 17.2%€-14k▼ 265%€32k€12k▼ 61.7%
Net result€-6k-€-4k▲ 33.7%€-14k▼ 257%€29k€12k▼ 58.1%
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 2022; 2022 is 62% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €27k
Fixed assets
€4k =
Current assets
€23k ▲ 15.8%
Equity and liabilities €27k
Equity
€20k ▲ 150%
Debt
€7k ▼ 55.9%
Debt's share of the balance-sheet total falls from 66.4% to 25.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.31▲
2021 · 1.26
Quick ratio
2.47▲
2021 · 0.84
Debt to equity
0.35▼
2021 · 1.98
ROE
60.0%▼
2021 · 358.0%
ROA
44.5%▼
2021 · 120.3%
Debt ≤ 1 year
€7k▼
2021 · €16k
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 · 2022 against 2021 · 38 lines
Balance sheet
Code20212022
Assets
Total assets20/58€24k€27k▲
Fixed assets21/28€4k€4k=
Financial fixed assets28€4k€4k=
Current assets29/58€20k€23k▲
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€6k€6k=
Other amounts receivable41-€8k
Cash at bank and in hand54/58€7k€3k▼
Equity and liabilities
Total equity and liabilities10/49€24k€27k▲
Equity10/15€8k€20k▲
Contributions10/11€6k€6k=
Reserves13€367€367=
Non-distributable reserves130/1€367€367=
Reserves not available under the articles1311€367€367=
Profit (loss) carried forward14€1k€13k▲
Amounts payable17/49€16k€7k▼
Amounts payable within one year42/48€16k€7k▼
Trade debts44€884€2k▲
Suppliers440/4€884€2k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Other amounts payable47/48€12k-
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€809-
Other operating charges640/8€393-
Gross operating margin9900€33k€12k▼
Operating profit (loss)9901€32k€12k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€120€127▲
Recurring financial charges65€120€127▲
Profit (loss) for the period before taxes9903€32k€12k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€29k€12k▼
Profit (loss) for the period to be appropriated9905€29k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€13k▲
Profit (loss) brought forward from the previous period14P€-27k€1k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
04-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL FARIAB RUE DE FIENNES 35, 1070 ANDERLECHT · event 28-10-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 3.31
Current ratio from 1.26 to 3.31; short-term debt falls from €16k to €7k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.26
Current ratio from 0.26 to 1.26; short-term debt falls from €34k to €16k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
03-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 216 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Show earlier events
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
20-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Anderlecht · 1 establishment unit since 2008
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.
de Fiennesstraat 351070 AnderlechtGround area
240 m²
Building footprint
213 m²
Volume, LiDAR
3,030 m³
2 parcels, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FARIAB
since 20082.170.964.324
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0765/00D000 | Brussels | 154 m² | 1 · 131 m² | 17.2 m · 5 fl. |
| 21305B0204/00K007 | Brussels | 86 m² | 1 · 82 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BAUDOUX RUE DE CLAIRVAUX,
40/202, 1348 LOUVAIN-LA-NEUVE |
28-10-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.170.964.324
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-02-2008
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.