FARO
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 12-12-2022 was due by 12-07-2023 and was filed on 28-07-2023, 16 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 · 6 filingsDeviation from the deadline
2022
16 d late
2021
137 d late
2020
89 d late
2019
75 d late
2018
61 d late
2017
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 68 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€2.2m▼ 2.6%
2021 · €2.3m
Total assets
€2.2m▼ 2.7%
2021 · €2.3m
Net result
-€60,533
2021 · €0
Working capital
€35,058▲ 8.8%
2021 · €32,221
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€74,725--€59,834▲ 19.9%-€59,194▲ 1.1%€532-€60,745
Net result-€75,703--€61,068▲ 19.3%€651€0▼ 100.0%-€60,533
Equity€2.4m-€2.3m▼ 2.6%€2.3m=€2.3m=€2.2m▼ 2.6%
Total assets€2.4m-€2.4m▼ 0.2%€2.4m▼ 1.1%€2.3m▼ 3.7%€2.2m▼ 2.7%
Debt€61,420-€118,450▲ 92.9%€90,839▼ 23.3%€2,939▼ 96.8%€1,971▼ 32.9%
Working capital-€56,111--€96,807▼ 72.5%-€32,884▲ 66.0%€32,221€35,058▲ 8.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €60,745 after €532 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.2m
Fixed assets
€2.2m ▼ 2.8%
Current assets
€37,029 ▲ 8.0%
Equity and liabilities €2.2m
Equity
€2.2m ▼ 2.6%
Debt
€1,971 ▼ 32.9%
Debt's share of the balance-sheet total stays at 0.1%.
Key figures and ratios
EBITDA
€3,492▼
2021 · €64,770
Cash flow
€3,705▼
2021 · €64,238
Current ratio
18.79▲
2021 · 16.56
Debt to equity
0.00▼
2021 · 0.00
ROE
-2.7%▼
2021 · 0.0%
ROA
-2.7%▼
2021 · 0.0%
Interest coverage
7.56▼
2021 · 121.53
Debt ≤ 1 year
€1,971▼
2021 · €2,071
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,238 | €64,238 | €64,238 | €64,238 | €64,238 | = |
| Other operating charges640/8 | - | - | - | €3,700 | €2,794 | ▼ 24.5% |
| Gross operating margin9900 | -€5,761 | €7,937 | €8,523 | €68,469 | €6,286 | ▼ 90.8% |
| Operating profit (loss)9901 | -€74,725 | -€59,834 | -€59,194 | €532 | -€60,745 | ▼ 11,512% |
| Financial income75/76B | - | - | - | €1 | €675 | ▲ 74,887% |
| Recurring financial income75 | - | - | €220 | €1 | €675 | ▲ 74,887% |
| Financial charges65/66B | - | - | - | €533 | €462 | ▼ 13.3% |
| Recurring financial charges65 | €978 | €1,234 | €375 | €533 | €462 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | -€75,703 | -€61,068 | €651 | €0 | -€60,533 | ▼ 24,213,216% |
| Profit (loss) for the period9904 | -€75,703 | -€61,068 | €651 | €0 | -€60,533 | ▼ 24,213,216% |
| Profit (loss) for the period to be appropriated9905 | -€75,703 | -€61,068 | €651 | €0 | -€60,533 | ▼ 24,213,216% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.4m | €2.4m | €2.3m | €2.2m | ▼ 2.7% |
| Fixed assets21/28 | €2.4m | €2.4m | €2.3m | €2.3m | €2.2m | ▼ 2.8% |
| Tangible fixed assets22/27 | €2.4m | €2.4m | €2.3m | €2.3m | €2.2m | ▼ 2.8% |
| Land and buildings22 | - | - | - | €2.2m | €2.2m | ▼ 2.9% |
| Other tangible fixed assets26 | - | - | - | €44,030 | €44,030 | = |
| Current assets29/58 | €4,507 | €20,677 | €57,954 | €34,292 | €37,029 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €1,002 | €17,799 | €56,491 | €33,444 | €35,521 | ▲ 6.2% |
| Other amounts receivable41 | - | - | - | €33,444 | €35,521 | ▲ 6.2% |
| Cash at bank and in hand54/58 | €132 | €2,878 | €1,243 | €848 | €1,508 | ▲ 77.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.4m | €2.4m | €2.3m | €2.2m | ▼ 2.7% |
| Equity10/15 | €2.4m | €2.3m | €2.3m | €2.3m | €2.2m | ▼ 2.6% |
| Contributions10/11 | €2.5m | €2.5m | - | €2.5m | €2.5m | = |
| Profit (loss) carried forward14 | -€149,105 | -€210,173 | -€209,522 | -€209,522 | -€270,054 | ▼ 28.9% |
| Amounts payable17/49 | €61,420 | €118,450 | €90,839 | €2,939 | €1,971 | ▼ 32.9% |
| Amounts payable within one year42/48 | €60,619 | €117,484 | €90,839 | €2,071 | €1,971 | ▼ 4.8% |
| Trade debts44 | €6,682 | €4,953 | €3,301 | €2,071 | €1,971 | ▼ 4.8% |
| Suppliers440/4 | - | - | - | €2,071 | €1,971 | ▼ 4.8% |
| Accrued charges and deferred income492/3 | - | - | - | €868 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€75,703 | -€61,068 | €651 | €0 | -€60,533 | ▼ 24,213,216% |
| + Depreciation and write-downs630 | €64,238 | €64,238 | €64,238 | €64,238 | €64,238 | = |
| Operating cash flow (approximation) | -€11,465 | €3,170 | €64,888 | €64,238 | €3,705 | ▼ 94.2% |
| Investment in fixed assets (approximation) | - | -€44,030 | €0 | €0 | €0 | - |
| Change in cash | - | €2,746 | -€1,634 | -€395 | €660 | ▲ 267% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 137 days late
2021
31-12
Financial
Liquidity times 26current ratio 16.56
Current ratio from 0.64 to 16.56; short-term debt falls from €90,839 to €2,071.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €651
Net result €651 after 2 loss-making years.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerOwners 1
- FIVALparent99.6%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.