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FARNIENTE

Active
Public limited companyfounded 1990active for 35 yearsRue Bourie 14, 5300 Andenne, BelgiumKBO/BCE: BE 0442.297.828
Summary

FARNIENTE has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €521,814. Equity is growing by about 2.7% per year across the filed financial years. Its solvency ranks better than 23% of 869 sector peers (NACE 10, financial year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Activity
Manufacture of food products
NACE 10111Manufacture of food products NACE 10850
5th oldest company in Andenne, Manufacturing sector1 site
Size
€14.0mturnover 2024
Staff
45 FTE
Equity
€1.2m
Profit
€521,814
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.4%
Structure
Auditor: REWISÉ AD REVISEUR D'ENTREPRISESAccounts 82 days overdue1 of 7 deeds read
Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 28-08-2025)Equity €1.2m (17.5% of total assets)Sector: Manufacture of food products (NACE 10)lowers riskFounded in 1990Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 41% of its sector peers (NACE 10, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 42+4
equity 17.5% of total assets
Liquidity 29+13
short-term debt 61.9% · cash 8.9%
Profitability 71+27
return on assets 7.7%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (629 companies, NACE 10, small)
Last 24 months 11-2024: 2.3% 12-2024: 2.3%● unchanged vs 11-2024 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.3%● unchanged vs 01-2025 03-2025: 2.2%▼ -0.1 percentage points vs 02-2025 04-2025: 2.2%● unchanged vs 03-2025 05-2025: 2.3%▲ +0.1 percentage points vs 04-2025 06-2025: 2.3%● unchanged vs 05-2025 07-2025: 2.5%▲ +0.2 percentage points vs 06-2025 08-2025: 3.1%▲ +0.6 percentage points vs 07-2025highest value 09-2025: 0.5%▼ -2.6 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026lowest value 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026 10-2026: 1.4%▲ +0.3 percentage points vs 09-2026
Credit of up to €60,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.28, compared with 1.17 in 2023, below the usual 1.5; short-term debt: 61.9% and cash: 8.9% of total assets), and 82.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 10, small): better than 24% on solvency, 23% on liquidity, 50% on profitability and 69% on growth.

The bankruptcy probability was computed on 20-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 28-08-2025)
NBB · annual accounts
raises risk · Equity €1.2m (17.5% of total assets)
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 869 sector peers (2024).
NBB · sector comparison
Position among 869 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 82 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline21-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
28 days late
2023
57 days late
2022
30 days late
2021
8 days late
2020
9 days late
2019
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Permanent representative: Axel DUMONTAppointment: REWISE AD REVISEUR D'ENTREPRISES…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Highest result from 2018 to 2024net €521,814 ▲2,195%

Key points

  • Positive: Result rose in 2024from €22,735 to €521,814 ▲ 2,195% View
  • Caution: Accounts not fileddeadline was 31-07-2026 82 days late View
  • Positive: 5th oldest company in Andenne, Manufacturing sectorin the Checked rankings No. 5 View

By topic

Financials

Financial year
2024
Turnover
€14.0m
Profit
€521,814
Solvency
17.5%
Turnover▲ 0.3%
Net result
20222024
Go to Financials

Timeline

Events
38
Since
1993
  1. 31-12-2024Equity above €1m
  2. 26-09-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of food productsNACE 10111
Founded
21-12-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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