FARTAX
ActiveSummary
The computed 12-month bankruptcy probability of FARTAX is 1.9% (moderate). The 2025 annual accounts show equity of €24k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 1865 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency91▲+15
Growth66▲+44
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 2.06 in 2024; short-term debt: 33.6% and cash: 89.5% of total assets), and 33.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.4%
Return on assets
32.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
20 d late
2023
20 d late
2022
21 d late
2021
23 d late
2020
6 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€68k▲ 159%
2024 · €26k
2018: €57k
2019: €48k▼ -15.6% vs 2018
2020: €43k▼ -11.0% vs 2019
2021: €35k▼ -19.0% vs 2020
2022: €31k▼ -12.2% vs 2021
2023: €32k▲ +4.4% vs 2022
2024: €26k▼ -17.8% vs 2023lowest in 8 years
2025: €68k▲ +159% vs 2024highest in 8 years
2018 → 2025
EBIT margin
19.0%▲ 81.3pp
2024 · -62.4%
2018: 13.6%
2019: -1.7%▼ -112% vs 2018
2020: 43.1%▲ +2645% vs 2019highest in 8 years
2021: 36.8%▼ -14.7% vs 2020
2022: -13.5%▼ -137% vs 2021
2023: -29.6%▼ -119% vs 2022
2024: -62.4%▼ -111% vs 2023lowest in 8 years
2025: 19.0%▲ +130% vs 2024
2018 → 2025
Net result
€12k
2024 · €-16k
2018: €7k
2019: €-647▼ -109% vs 2018
2020: €14k▲ +2278% vs 2019highest in 8 years
2021: €11k▼ -23.9% vs 2020
2022: €-5k▼ -142% vs 2021
2023: €-10k▼ -111% vs 2022
2024: €-16k▼ -65.5% vs 2023lowest in 8 years
2025: €12k▲ +176% vs 2024
2018 → 2025
Working capital
€24k▲ 95.5%
2024 · €12k
2018: €18k
2019: €17k▼ -2.5% vs 2018
2020: €34k▲ +95.5% vs 2019
2021: €47k▲ +37.5% vs 2020highest in 8 years
2022: €40k▼ -13.9% vs 2021
2023: €28k▼ -29.8% vs 2022
2024: €12k▼ -56.1% vs 2023lowest in 8 years
2025: €24k▲ +95.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€35k-€31k▼ 12.2%€32k▲ 4.4%€26k▼ 17.8%€68k▲ 159%
2021: €35k
2022: €31k▼ -12.2% vs 2021
2023: €32k▲ +4.4% vs 2022
2024: €26k▼ -17.8% vs 2023lowest in 5 years
2025: €68k▲ +159% vs 2024highest in 5 years
Equity€42k-€38k▼ 10.7%€28k▼ 25.3%€12k▼ 56.1%€24k▲ 97.2%
2021: €42khighest in 5 years
2022: €38k▼ -10.7% vs 2021
2023: €28k▼ -25.3% vs 2022
2024: €12k▼ -56.1% vs 2023lowest in 5 years
2025: €24k▲ +97.2% vs 2024
Operating result€13k-€-4k€-9k▼ 129%€-16k▼ 73.5%€13k
2021: €13k
2022: €-4k▼ -132% vs 2021
2023: €-9k▼ -129% vs 2022
2024: €-16k▼ -73.5% vs 2023lowest in 5 years
2025: €13k▲ +179% vs 2024highest in 5 years
Net result€11k-€-5k€-10k▼ 111%€-16k▼ 65.5%€12k
2021: €11k
2022: €-5k▼ -142% vs 2021
2023: €-10k▼ -111% vs 2022
2024: €-16k▼ -65.5% vs 2023lowest in 5 years
2025: €12k▲ +176% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €16k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€200
Current assets
€37k
Equity and liabilities €37k
Equity
€24k ▲ 97.2%
Debt
€12k ▲ 5.5%
Debt's share of the balance-sheet total falls from 48.6% to 33.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.96▲
2024 · 2.06
Debt to equity
0.51▼
2024 · 0.95
ROE
49.3%▲
2024 · -127.6%
ROA
32.7%▲
2024 · -65.6%
Debt ≤ 1 year
€12k▲
2024 · €12k
Staff costs
€5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€37k▲
Fixed assets21/28-€200
Financial fixed assets28-€200
Current assets29/58€24k€37k▲
Amounts receivable within one year40/41€12k€4k▼
Trade receivables40€6k€3k▼
Other amounts receivable41€6k€544▼
Cash at bank and in hand54/58€12k€33k▲
Equity and liabilities
Total equity and liabilities10/49€24k€37k▲
Equity10/15€12k€24k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-6k€6k▲
Amounts payable17/49€12k€12k▲
Amounts payable within one year42/48€12k€12k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45-€955
Taxes450/3-€911
Remuneration and social security454/9-€44
Other amounts payable47/48€10k€10k▲
Income statement
Code20242025
Turnover70€26k€68k▲
Goods, raw materials, services and sundry goods60/61€42k€49k▲
Remuneration, social security and pensions62-€5k
Other operating charges640/8€636€1k▲
Gross operating margin9900€-16k€19k▲
Operating profit (loss)9901€-16k€13k▲
Financial income75/76B€661€0▼
Recurring financial income75€661€0▼
Non-recurring financial income76B€661-
Financial charges65/66B€46€899▲
Recurring financial charges65€46€48▲
Non-recurring financial charges66B-€850
Profit (loss) for the period before taxes9903€-16k€12k▲
Profit (loss) for the period9904€-16k€12k▲
Profit (loss) for the period to be appropriated9905€-16k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€6k▲
Profit (loss) brought forward from the previous period14P€10k€-6k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €35k | €31k | €32k | €26k | €68k | ▲ 159% |
| Non-recurring operating income76A | €407 | €42 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €17k | €34k | €40k | €42k | €49k | ▲ 17.5% |
| Remuneration, social security and pensions62 | - | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €665 | - | - | - | - |
| Other operating charges640/8 | €707 | - | €1k | €636 | €1k | ▲ 59.5% |
| Non-recurring operating charges66A | - | - | €98 | - | - | - |
| Gross operating margin9900 | €19k | €-3k | €-8k | €-16k | €19k | ▲ 219% |
| Operating profit (loss)9901 | €13k | €-4k | €-9k | €-16k | €13k | ▲ 179% |
| Financial income75/76B | - | €0 | - | €661 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €0 | - | €661 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | €661 | - | - |
| Financial charges65/66B | €18 | €104 | €84 | €46 | €899 | ▲ 1,840% |
| Recurring financial charges65 | €18 | €46 | €84 | €46 | €48 | ▲ 4.3% |
| Non-recurring financial charges66B | - | €58 | - | - | €850 | - |
| Profit (loss) for the period before taxes9903 | €13k | €-4k | €-10k | €-16k | €12k | ▲ 176% |
| Income taxes67/77 | €2k | €281 | - | - | - | - |
| Profit (loss) for the period9904 | €11k | €-5k | €-10k | €-16k | €12k | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-5k | €-10k | €-16k | €12k | ▲ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57k | €46k | €33k | €24k | €37k | ▲ 52.6% |
| Fixed assets21/28 | €468 | - | - | - | €200 | - |
| Tangible fixed assets22/27 | €468 | - | - | - | - | - |
| Furniture and vehicles24 | €468 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €200 | - |
| Current assets29/58 | €56k | €46k | €33k | €24k | €37k | ▲ 51.7% |
| Amounts receivable within one year40/41 | €3k | €3k | €5k | €12k | €4k | ▼ 69.0% |
| Trade receivables40 | €988 | €398 | €2k | €6k | €3k | ▼ 46.5% |
| Other amounts receivable41 | €2k | €2k | €3k | €6k | €544 | ▼ 90.9% |
| Cash at bank and in hand54/58 | €53k | €43k | €28k | €12k | €33k | ▲ 169% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57k | €46k | €33k | €24k | €37k | ▲ 52.6% |
| Equity10/15 | €42k | €38k | €28k | €12k | €24k | ▲ 97.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €24k | €19k | €10k | €-6k | €6k | ▲ 193% |
| Amounts payable17/49 | €15k | €8k | €5k | €12k | €12k | ▲ 5.5% |
| Amounts payable after more than one year17 | €5k | €2k | - | - | - | - |
| Financial debts170/4 | €5k | €2k | - | - | - | - |
| Amounts payable within one year42/48 | €10k | €5k | €5k | €12k | €12k | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | €3k | €2k | €3k | - | - | - |
| Trade debts44 | €608 | €497 | €2k | €2k | €1k | ▼ 21.5% |
| Suppliers440/4 | €608 | €497 | €2k | €2k | €1k | ▼ 21.5% |
| Taxes, remuneration and social security45 | €7k | €3k | €430 | - | €955 | - |
| Taxes450/3 | €7k | €3k | €430 | - | €911 | - |
| Remuneration and social security454/9 | - | - | - | - | €44 | - |
| Other amounts payable47/48 | - | - | €53 | €10k | €10k | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-5k | €-10k | €-16k | €12k | ▲ 176% |
| + Depreciation and write-downs630 | €5k | €665 | - | - | - | - |
| Operating cash flow (approximation) | €16k | €-4k | €-10k | €-16k | €12k | ▲ 176% |
| Change in cash | - | €-11k | €-15k | €-15k | €21k | ▲ 235% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after 3 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 35 days late
2018
26-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 26 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2011
Ground area
155 m²
Building footprint
83 m²
Volume, LiDAR
806 m³
Parcel 21007A0062/00Y030, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Luttrebruglaan 43, 1190 Vorst
since 20112.201.034.621
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0062/00Y030 | Brussels | 155 m² | 1 · 83 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,685 companies in sector 49330 we hold annual accounts for 2,296. 1,998 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
Scores and ratios are computed by Checked and are not a credit decision.