Financials
- Financial year
- 2023
- Total assets
- €40,770
- Profit
- €963
- Solvency
- -108.3%
Farok
ActiveSummary
The computed 12-month bankruptcy probability of Farok is 8.1% (elevated). For Farok, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€44,146) and a net result of €963. Equity is shrinking by about 4% per year across the filed financial years. Its solvency ranks better than 8% of 24,038 sector peers (NACE 47, financial year 2023). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of newspapers and periodicals
NACE 47621
1 site
Size
€40,770total assets 2023
- Equity
- -€44,146
- Profit
- €963
Turnover not published (abbreviated or micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 8.1%
2023 figures too old to score
Structure
Accounts 444 days overdue0 of 3 deeds read
Signalsraises riskFigures for financial year 2023 (filed 08-10-2024)2 financial years not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 lateNo filing in 24 months (latest 08-10-2024)Two or more financial years not filedlowers riskFounded in 2010neutralFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency
0=
equity -108.3% of total assets
Liquidity
3=
short-term debt 208.3% · cash 2.5%
Profitability
43+43
return on assets 2.4%
Bankruptcy probability, 12 months
8.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.4%
12-2024: 1.4%● unchanged vs 11-2024
01-2025: 1.3%▼ -0.1 percentage points vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025lowest value
07-2025: 1.5%▲ +0.2 percentage points vs 06-2025
08-2025: 1.9%▲ +0.4 percentage points vs 07-2025
09-2025: 2.2%▲ +0.3 percentage points vs 08-2025
10-2025: 2.5%▲ +0.3 percentage points vs 09-2025
11-2025: 2.7%▲ +0.2 percentage points vs 10-2025
12-2025: 3.7%▲ +1.0 percentage point vs 11-2025
01-2026: 5.6%▲ +1.9 percentage points vs 12-2025
02-2026: 5.6%● unchanged vs 01-2026
03-2026: 5.8%▲ +0.2 percentage points vs 02-2026
04-2026: 5.3%▼ -0.5 percentage points vs 03-2026
05-2026: 5.3%● unchanged vs 04-2026
06-2026: 5.3%● unchanged vs 05-2026
07-2026: 5.3%● unchanged vs 06-2026
08-2026: 7.2%▲ +1.9 percentage points vs 07-2026
09-2026: 7.1%▼ -0.1 percentage points vs 08-2026
10-2026: 8.1%▲ +1.0 percentage point vs 09-2026highest value
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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 · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline18-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
61 days late
2022
225 days late
2020
25 days late
2019
258 days late
2018
153 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 144 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2023 · micro…
- Annual accounts filedfinancial year 2022 · micro…
- Back to profitnet €963
Key points
By topic
Timeline
- Events
- 15
- Since
- 2013
- 31-12-2022Weakest financial year
- 25-08-2021Annual accounts filed
- 15-04-2021Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of newspapers and periodicalsNACE 47621
- Founded
- 29-09-2010
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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