FARIM
InactiveFARIM was declared bankrupt on 10-09-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 02-09-2025, published in the Belgian State Gazette on 16-09-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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 · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-12-2023, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
125 d late
2021
99 d late
2020
61 d late
2019
93 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k
2021 · €-22k
2019: €-3k
2020: €14k
2021: €-22k
2019 → 2022
Working capital
€-27k▲ 21.8%
2021 · €-35k
2019: €-3k
2020: €14k
2021: €-35k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€5k-€20k▲ 312%€-2k€1k
Operating result€-3k-€14k€-24k€3k
Net result€-3k-€14k€-22k€3k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €3k after a loss of €24k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €80k
Fixed assets
€28k▼ 13.2%
Current assets
€51k▲ 53.9%
Equity and liabilities €80k
Equity
€1k
Debt
€78k
Debt finances 98.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€10k▲
2021 · €-21k
Cash flow
€10k▲
2021 · €-19k
Solvency
1.6%▲
2021 · -2.9%
Current ratio
0.65▲
2021 · 0.49
Quick ratio
0.35▲
2021 · 0.02
Debt / equity
59.69▲
2021 · -35.93
ROE
244.0%
ROA
4.0%▲
2021 · -33.5%
Interest coverage
101.13▲
2021 · -466.93
Debt
€78k▲
2021 · €68k
Debt ≤ 1 year
€78k▲
2021 · €68k
Staff costs
€90k▲
2021 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€66k€80k▲
Fixed assets21/28€33k€28k▼
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€27k€24k▼
Other tangible fixed assets26€27k€24k▼
Current assets29/58€33k€51k▲
Stocks and contracts in progress3€32k€24k▼
Stocks30/36€32k€24k▼
Amounts receivable within one year40/41-€19k
Trade receivables40-€19k
Cash at bank and in hand54/58€1k€8k▲
Equity and liabilities
Total equity and liabilities10/49€66k€80k▲
Equity10/15€-2k€1k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-20k€-17k▲
Amounts payable17/49€68k€78k▲
Amounts payable within one year42/48€68k€78k▲
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€31k€45k▲
Taxes450/3€1k€6k▲
Remuneration and social security454/9€29k€40k▲
Other amounts payable47/48€29k€26k▼
Income statement
Code20212022
Remuneration, social security and pensions62€56k€90k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€549€744▲
Gross operating margin9900€35k€101k▲
Operating profit (loss)9901€-24k€3k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Non-recurring financial income76B€2k-
Financial charges65/66B€45€101▲
Recurring financial charges65€45€101▲
Profit (loss) for the period before taxes9903€-22k€3k▲
Profit (loss) for the period9904€-22k€3k▲
Profit (loss) for the period to be appropriated9905€-22k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-17k▲
Profit (loss) brought forward from the previous period14P€2k€-20k▼
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · FARIM BV ROOSE- VELTLAAN (FRANKLIN) 141, 1800 VILVOORDE · event 02-09-2025
2024
17-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · FARIM BV ROOSEVELTLAAN (FRANKLIN) 141, 1800 VILVOORDE · event 10-09-2024
2023
03-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 125 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 99 days late
2021
31-12
Financial
Weakest financial yearnet €-22k ▼258%
Net result drops to €-22k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 93 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
10-09-2024 → present |