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FARO

Active
Private limited companyfounded 1988active for 38 yearsGroenenborgerlaan 73, 2610 Antwerpen, BelgiumKBO/BCE: BE 0433.019.084
Summary

FARO has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,823 and a net result of €3. Equity has been stable since 2018 (±1.2% per year). Its solvency ranks better than 76% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 06-01-1988 Normal situation
Activity
Wholesale trade NACE 46442and 1 other
Joint committee
110 Paritair Comité voor de textielverzorging · annual accounts 2025
Establishment unit
2.032.709.630 2610 Antwerpen, since 22-01-1988
Financial year end
31 December
Peppol
Reachable since 22-12-2025

Board and ownership

Board
  • Morré HaraldDirector

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€32,115
▲ 30.0%
Turnover
≈ €170,000
estimated
Profit
€3
▼ 93.8%
Equity
€35,823
=
Total assets
€49,420
▼ 1.6%
Employees on 31-12-2025
2
=
Score breakdownlowers riskLiquidity: current ratio 3.04, cash €27,283Founded in 1988Equity €35,823 (72.5% of total assets)Figures for financial year 2025 (filed on 22-07-2026)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 97+1
equity 72.5% of total assets
Liquidity 92+1
short-term debt 22.6% · cash 55.2%
Profitability 69=
return on assets 0.0%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.04 (2.89 in 2024), above the usual 1.5. Short-term debt is 22.6% and cash 55.2% of total assets. 27.5% of the assets are financed with debt and provisions.
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 46, micro). It does better than 77% of them on solvency, 91% on liquidity, 51% on profitability and 40% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.04, cash €27,283
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €35,823 (72.5% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 22-07-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 days early
2024
1 day early
2023
2 days early
2022
12 days early
2021
31 days late
2020
4 days early
2019
1 day 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 on the deadline day. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed Purpose · Amendment of the articles · Legal-form change · Resignations & appointments
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as FARO: wholesale trade (NACE 46442). They are comparable in size and age: total assets between €47,100 and €97,900, founded between 1990 and 1996.

CompanyTotal assetsGross margin
FARO Antwerpen€49,420€32,115
GNS Special Products Ravels€94,134€46,544
Etablissements COLONVAL R.J.M. Courcelles€49,858€37,136
JACOBY Eupen€47,095€15,091
DELTA SOL Dilbeek€85,104€16,853
The Administration and Sales Corporation Sint-Niklaas€81,757€51,190
QUALITY FIRST Brecht€97,892€16,716
Full comparison

Key facts about FARO

What is the company number of FARO?
The company number of FARO is 0433.019.084. The VAT number is the same number with BE in front: BE 0433.019.084.
Where is FARO based?
The registered office is at Groenenborgerlaan 73, 2610 Antwerpen.Company details
What does FARO do?
According to the KBO register, the main activity is wholesale trade (NACE 46442).
What is the legal form of FARO?
The legal form of FARO is Private limited company (BV).
When was FARO founded?
FARO was founded on 06-01-1988.
Is FARO still active?
Yes, FARO is an active enterprise in the KBO register.
How many employees does FARO have?
FARO had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does FARO fall under?
In its 2025 annual accounts, FARO states joint committee 110 (Paritair Comité voor de textielverzorging).
What is the turnover of FARO?
The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €32,115 and 33 comparable companies (NACE 464). It probably lies between €100,000 and €340,000.
Is FARO profitable?
In financial year 2025, FARO made a profit of €3.
Where can I find the annual accounts of FARO?
FARO filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FARO due?
FARO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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