FAST
ActiveSummary
FAST has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,237 and a net result of -€17,669. Equity is shrinking by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-7
Solvency28▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.01 in 2024; short-term debt: 69.6% and cash: 1% of total assets), and 96.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.5%
Return on assets
-2.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,669
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 697 sector peers (2025).
NBB · sector comparisonPosition among 697 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
21 d late
2023
29 d late
2022
30 d late
2021
26 d late
2020
61 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€28,237▼ 38.5%
2024 · €45,906
Total assets
€813,197▼ 3.0%
2024 · €838,425
Net result
-€17,669▼ 927%
2024 · -€1,721
Working capital
-€549,210▼ 0.8%
2024 · -€544,712
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
Line20212022202320242025
Operating result-€3,441▲ 38.7%€21,017€7,363▼ 65.0%€11,610▲ 57.7%-€5,873
Net result-€17,563▲ 13.9%€8,180-€6,297-€1,721▲ 72.7%-€17,669▼ 927%
Equity€45,745▼ 27.7%€53,924▲ 17.9%€47,627▼ 11.7%€45,906▼ 3.6%€28,237▼ 38.5%
Total assets€934,045▼ 4.1%€905,368▼ 3.1%€876,592▼ 3.2%€838,425▼ 4.4%€813,197▼ 3.0%
Debt€888,301▼ 2.4%€851,444▼ 4.1%€828,965▼ 2.6%€792,519▼ 4.4%€784,960▼ 1.0%
Working capital-€563,242▼ 0.2%-€554,377▲ 1.6%-€553,162▲ 0.2%-€544,712▲ 1.5%-€549,210▼ 0.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,873 after €11,610 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €813,197
Fixed assets
€796,493 ▼ 4.6%
Current assets
€16,703 ▲ 358%
Equity and liabilities €813,197
Equity
€28,237 ▼ 38.5%
Debt
€784,960 ▼ 1.0%
Debt's share of the balance-sheet total rises from 94.5% to 96.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33,807▼
2024 · €46,032
Cash flow
€22,011▼
2024 · €32,700
Current ratio
0.03▲
2024 · 0.01
Debt to equity
27.80▲
2024 · 17.26
ROE
-62.6%▼
2024 · -3.7%
ROA
-2.2%▼
2024 · -0.2%
Interest coverage
2.87▼
2024 · 3.45
Debt ≤ 1 year
€565,913▲
2024 · €548,362
Debt > 1 year
€219,047▼
2024 · €244,157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 912 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,579 | €34,936 | €34,210 | €34,421 | €39,681 | ▲ 15.3% |
| Other operating charges640/8 | €11,896 | €7,719 | €9,363 | €8,749 | €9,119 | ▲ 4.2% |
| Gross operating margin9900 | €44,033 | €63,672 | €50,936 | €54,780 | €42,926 | ▼ 21.6% |
| Operating profit (loss)9901 | -€3,441 | €21,017 | €7,363 | €11,610 | -€5,873 | ▼ 151% |
| Financial income75/76B | €10 | €577 | €0 | - | - | - |
| Recurring financial income75 | €10 | €13 | €0 | - | - | - |
| Non-recurring financial income76B | - | €564 | - | - | - | - |
| Financial charges65/66B | €14,132 | €13,414 | €13,660 | €13,331 | €11,796 | ▼ 11.5% |
| Recurring financial charges65 | €14,132 | €13,414 | €13,660 | €13,331 | €11,796 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€17,563 | €8,180 | -€6,297 | -€1,721 | -€17,669 | ▼ 927% |
| Profit (loss) for the period9904 | -€17,563 | €8,180 | -€6,297 | -€1,721 | -€17,669 | ▼ 927% |
| Profit (loss) for the period to be appropriated9905 | -€17,563 | €8,180 | -€6,297 | -€1,721 | -€17,669 | ▼ 927% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €934,045 | €905,368 | €876,592 | €838,425 | €813,197 | ▼ 3.0% |
| Fixed assets21/28 | €925,885 | €900,130 | €869,197 | €834,776 | €796,493 | ▼ 4.6% |
| Tangible fixed assets22/27 | €925,885 | €900,130 | €869,197 | €834,776 | €796,493 | ▼ 4.6% |
| Land and buildings22 | €892,714 | €875,919 | €851,245 | €824,622 | €788,855 | ▼ 4.3% |
| Plant, machinery and equipment23 | €23,476 | €18,009 | €13,504 | €8,998 | €5,925 | ▼ 34.2% |
| Furniture and vehicles24 | €9,695 | €6,202 | €4,448 | €1,155 | €1,713 | ▲ 48.3% |
| Current assets29/58 | €8,160 | €5,238 | €7,395 | €3,649 | €16,703 | ▲ 358% |
| Amounts receivable within one year40/41 | €4,903 | €1,693 | €3,721 | €2,290 | €8,310 | ▲ 263% |
| Trade receivables40 | €4,488 | €1,519 | €2,943 | €2,044 | €7,099 | ▲ 247% |
| Other amounts receivable41 | €415 | €174 | €778 | €247 | €1,211 | ▲ 391% |
| Cash at bank and in hand54/58 | €2,693 | €3,545 | €3,018 | €684 | €8,394 | ▲ 1,127% |
| Deferred charges and accrued income490/1 | €564 | - | €657 | €675 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €934,045 | €905,368 | €876,592 | €838,425 | €813,197 | ▼ 3.0% |
| Equity10/15 | €45,745 | €53,924 | €47,627 | €45,906 | €28,237 | ▼ 38.5% |
| Contributions10/11 | €218,600 | €218,600 | €218,600 | €218,600 | €218,600 | = |
| Capital10 | €218,600 | €218,600 | - | - | - | - |
| Issued capital100 | €218,600 | €218,600 | - | - | - | - |
| Reserves13 | - | €818 | €818 | €818 | €818 | = |
| Non-distributable reserves130/1 | - | €818 | - | - | - | - |
| Legal reserve130 | - | €818 | - | - | - | - |
| Distributable reserves133 | - | - | €818 | €818 | €818 | = |
| Profit (loss) carried forward14 | -€172,855 | -€165,494 | -€171,791 | -€173,512 | -€191,181 | ▼ 10.2% |
| Amounts payable17/49 | €888,301 | €851,444 | €828,965 | €792,519 | €784,960 | ▼ 1.0% |
| Amounts payable after more than one year17 | €316,899 | €291,829 | €268,408 | €244,157 | €219,047 | ▼ 10.3% |
| Financial debts170/4 | €316,899 | €291,829 | €268,408 | €244,157 | €219,047 | ▼ 10.3% |
| Amounts payable within one year42/48 | €571,402 | €559,615 | €560,557 | €548,362 | €565,913 | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | €21,847 | €22,620 | €23,421 | €24,251 | €25,110 | ▲ 3.5% |
| Financial debts43 | €33,200 | €27,700 | €40,300 | €24,700 | €35,700 | ▲ 44.5% |
| Credit institutions430/8 | €33,200 | €27,700 | €40,300 | €24,700 | €35,700 | ▲ 44.5% |
| Trade debts44 | €9,617 | - | €4,770 | €1,952 | €1,936 | ▼ 0.8% |
| Suppliers440/4 | €9,617 | - | €4,770 | €1,952 | €1,936 | ▼ 0.8% |
| Advances received on contracts in progress46 | €2,873 | €9,991 | €9,219 | €13,009 | €16,028 | ▲ 23.2% |
| Taxes, remuneration and social security45 | €466 | €671 | €383 | - | - | - |
| Taxes450/3 | €466 | €671 | €383 | - | - | - |
| Other amounts payable47/48 | €503,399 | €498,633 | €482,464 | €484,451 | €487,139 | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,563 | €8,180 | -€6,297 | -€1,721 | -€17,669 | ▼ 927% |
| + Depreciation and write-downs630 | €35,579 | €34,936 | €34,210 | €34,421 | €39,681 | ▲ 15.3% |
| Operating cash flow (approximation) | €18,016 | €43,116 | €27,913 | €32,700 | €22,011 | ▼ 32.7% |
| Investment in fixed assets (approximation) | - | -€9,181 | -€3,277 | €0 | -€1,398 | - |
| Change in cash | - | €852 | -€527 | -€2,334 | €7,709 | ▲ 430% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €8,180
Net result €8,180 after 4 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oostende · 1 establishment unit since 2012
Ground area
172 m²
Building footprint
55 m²
Volume, LiDAR
647 m³
Parcel 35383C0341/00G008, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FAST
since 20122.212.532.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0341/00G008 | Flanders | 172 m² | 1 · 55 m² | 14.4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,854 companies in sector 55204 we hold annual accounts for 449. 323 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
Founded02-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
55203Holiday cottages, homes and apartments
55209Other holiday and short-stay accommodation
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847128714
Also
9925:BE0847128714
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.