Equity
-€1,866
Debts exceed assets in financial year 2025.
FARINET
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2001peak €7,251 (2007)
-€721▲ €774
lowest -€3,576 (2008)
-€865▲ €1,030
peak €9,433 (2016)
-€1,866▼ €865
€8,574▲ 11.7%
Board1 name since 2023
1 directorKUNNEN Philippe Claude Antoine
Documentsfilings and deeds
06-04-202624 days before the deadline
2025micro format
Gross margin from -€1,495 to -€721Loss of €865Equity from -€1,001 to -€1,866
Key points
from the 2025 annual accountsLosses
-€11,299 in nine years
Every financial year from 2017 to 2025 closed with a loss. 2017 was the heaviest.
Debts
€8,574 128% of the balance sheet
Financial debts 97%Suppliers 2%Taxes and wages 1%
Of this, €273 falls due within a year.
Payment terms
86 days to suppliers
FARINET pays its suppliers 45 days later than in 2024.
Filings
25 annual accounts since 2001
The last five annual accounts were filed 13 to 74 days before the end of the period.
Position in the sector
-27.8%
Lower solvency than 94% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 4 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 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.2 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged 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: 0.5%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.4%▼ -0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1,866
Loss of €865, the second in a row (financial year 2025)
lowers risk
Size: total assets €6,708
Sector: Computer programming, consultancy and related activities (NACE 62)
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 62, micro). It does better than 3% of them on solvency, 35% on liquidity, 12% on profitability and 7% 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 6,619 companies had the same profile as FARINET has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FARINET itself is lower: 0.4% within 12 months. It rests on far more data about FARINET than the profile alone.
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 6,619 companies, not a prediction for FARINET. 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
No credit on open account
Liquidity is ample, with a current ratio of 24.57 (24.63 in 2024), above the usual 1.5. Short-term debt is 4.1% and cash 2.6% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€1,866
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-04-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
36 days early
2023
13 days early
2022
74 days early
2021
66 days early
2020
70 days early
2019
64 days early
← 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 50 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473688117
Change of role: KUNNEN Philippe Claude Antoine, from manager to director
“Toutes prestations de services, de gestion, de management, de conseils d’entreprises ainsi que toutes…” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 07-11-2023 · Gazette deed
First establishment
Van Volxemlaan 285, Forest
Incorporation
published on 13-01-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FARINET Forest | €6,708 | -€721 | -27.8% | - |
| OLI & CO Molenbeek-Saint-Jean | €7,440 | -€790 | 99.3% | - |
| LEMMA INTERNATIONAL Etterbeek | €7,963 | -€9,904 | -66.0% | - |
| CAPITAL IT Rixensart | €7,354 | -€88 | 90.1% | - |
| AKTIV Kontich | €5,982 | -€9,396 | -3662.4% | - |
| J2L SOLUTIONS Uccle | €5,650 | -€627 | 96.8% | - |
| VOLTERYS Ixelles | €7,140 | -€5,155 | -679.1% | - |
These companies have the same main activity as FARINET: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €5,650 and €7,960, founded between 2001 and 2007.
Official details
Source: KBO- Status
- Active since 04-01-2001Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.094.281.2701190 Forest, since 20-02-2001
- Financial year end
- 30 September
- Peppol
- Reachable since 31-12-2025
Annual accounts to 30-09-2025
- €6,708▲ 0.5%
- Filing
- Filed on 06-04-2026, 24 days before the end of the filing period
Insights on FARINET
FARINET files the micro format. That format states no turnover. The gross margin fell from €7,251 in 2007 to -€721 in 2025.
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 FARINET
- What is the company number of FARINET?
- The company number of FARINET is 0473.688.117. The VAT number is the same number with BE in front: BE 0473.688.117.
- Where is FARINET based?
- The registered office is at Van Volxemlaan 285, 1190 Forest.Company details
- What does FARINET do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of FARINET?
- FARINET is a private limited company (BV).
- When was FARINET founded?
- FARINET was founded on 04-01-2001.
- Is FARINET still active?
- Yes, FARINET is an active enterprise in the KBO register.
- What is the turnover of FARINET?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is FARINET profitable?
- In financial year 2025, FARINET made a loss of €865.
- Where can I find the annual accounts of FARINET?
- FARINET filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FARINET due?
- FARINET must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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