Summary
FATES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9.6m and a net result of €37,221. Equity remains stable across the filed financial years (±1.6% per year). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€9.6m▲ 0.4%
2024 · €9.6m
Net result
€37,221▼ 85.8%
2024 · €262,274
Total assets
€16.3m▼ 0.8%
2024 · €16.4m
Solvency
59.1%▲ 0.7pp
2024 · 58.4%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 79% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.07m
2025
Net result€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16.3m
2025
Equity€9.6m
2025
Debt€6.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.9m
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency59.1%
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.03m-€0.4m€0.002m▼ 99.5%€0.02m▲ 826%-€0.3m€0.1m€0.3m▲ 202%€0.07m▼ 79.4%
Net result€0.4m-€0.3m▼ 41.3%€0.001m▼ 99.5%€0.7m▲ 53,165%-€0.4m€0.1m€0.3m▲ 75.4%€0.04m▼ 85.8%
Equity€9.5m-€7.6m▼ 19.7%€0.008m▼ 99.9%€9.5m▲ 113,294%€9.2m▼ 3.9%€9.3m▲ 1.6%€9.6m▲ 2.8%€9.6m▲ 0.4%
Total assets€13.6m-€12.1m▼ 11.3%€0.01m▼ 99.9%€17.8m▲ 128,833%€16.8m▼ 6.0%€16.3m▼ 2.7%€16.4m▲ 0.5%€16.3m▼ 0.8%
Debt€4.2m-€4.3m▲ 4.2%€0.004m▼ 99.9%€7.8m▲ 175,439%€7.1m▼ 8.9%€6.5m▼ 8.0%€6.3m▼ 3.8%€6.2m▼ 1.6%
Working capital€0.4m-€0.7m▲ 77.5%€0.002m▼ 99.7%€2.3m▲ 91,535%€1.7m▼ 25.5%€1.7m▲ 1.5%€2.0m▲ 15.0%€1.9m▼ 3.3%
Solvency69.5%-62.9%▼ 6.5pp60.8%▼ 2.2pp53.4%▼ 7.3pp54.7%▲ 1.2pp57.1%▲ 2.4pp58.4%▲ 1.3pp59.1%▲ 0.7pp
Staff (FTE)0000
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2021 Net result +53,165% on 2020. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.3m
Fixed assets
€13.7m ▼ 0.9%
Current assets
€2.5m ▼ 0.2%
Equity and liabilities €16.3m
Equity
€9.6m ▲ 0.4%
Provisions
€495,233 ▼ 12.4%
Debt
€6.2m ▼ 1.6%
Debt's share of the balance-sheet total falls from 38.1% to 37.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.4%▼
2024 · 2.7%
ROA
0.2%▼
2024 · 1.6%
Debt ≤ 1 year
€643,077▲
2024 · €582,677
Debt > 1 year
€5.3m▼
2024 · €5.5m
Income taxes
€31,597▲
2024 · €6,880
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €235,370 | €1,638 | €0 | - | - | €338,879 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,625 | €15,064 | €22 | €21,578 | €510,760 | €139,878 | €146,522 | €139,236 | ▼ 5.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | -€51,113 | - |
| Other operating charges640/8 | - | €12,794 | €12 | €11,631 | €18,800 | €19,563 | €21,015 | €18,288 | ▼ 13.0% |
| Gross operating margin9900 | -€23,992 | €387,696 | €1,729 | €48,910 | €195,327 | €269,191 | €498,956 | €174,561 | ▼ 65.0% |
| Operating profit (loss)9901 | -€33,033 | €359,838 | €1,695 | €15,702 | -€334,233 | €109,749 | €331,419 | €68,150 | ▼ 79.4% |
| Financial income75/76B | - | €98,468 | €0 | €858,089 | €143,923 | €163,417 | €173,449 | €178,024 | ▲ 2.6% |
| Recurring financial income75 | €607,424 | €98,468 | €100 | €858,089 | €143,923 | €163,417 | €173,449 | €178,024 | ▲ 2.6% |
| Financial charges65/66B | - | €133,585 | €137 | €142,875 | €199,062 | €130,539 | €169,711 | €196,073 | ▲ 15.5% |
| Recurring financial charges65 | €131,596 | €133,585 | €137 | €142,875 | €199,062 | €130,539 | €169,711 | €196,073 | ▲ 15.5% |
| Profit (loss) for the period before taxes9903 | €442,795 | €324,721 | €1,658 | €730,915 | -€389,372 | €142,627 | €335,157 | €50,101 | ▼ 85.1% |
| Transfer from deferred taxes780 | - | €1,341 | €1 | €1,392 | €20,058 | €30,204 | €18,717 | €18,717 | = |
| Transfer to deferred taxes680 | - | €65,967 | €409 | €0 | - | - | €84,720 | €0 | ▼ 100% |
| Income taxes67/77 | €1,481 | €1,053 | €1 | €67,025 | €451 | €23,271 | €6,880 | €31,597 | ▲ 359% |
| Profit (loss) for the period9904 | €441,314 | €259,042 | €1,249 | €665,283 | -€369,764 | €149,561 | €262,274 | €37,221 | ▼ 85.8% |
| Transfer from tax-exempt reserves789 | - | €690 | €1 | €844 | €56,842 | €78,286 | €56,152 | €56,152 | = |
| Transfer to tax-exempt reserves689 | - | €199,736 | €1,227 | €0 | - | - | €254,159 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €441,314 | - | - | €666,127 | -€312,921 | €227,847 | €64,267 | €93,373 | ▲ 45.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €13.6m | €12.1m | €0.01m | €17.8m | €16.8m | €16.3m | €16.4m | €16.3m | ▼ 0.8% |
| Fixed assets21/28 | €12.4m | €10.3m | €0.01m | €14.2m | €14.0m | €13.9m | €13.8m | €13.7m | ▼ 0.9% |
| Tangible fixed assets22/27 | €0.001m | €0.2m | €210 | €3.9m | €3.8m | €3.6m | €3.6m | €3.4m | ▼ 3.8% |
| Land and buildings22 | - | €0.2m | €173 | €3.5m | €3.4m | €3.4m | €3.3m | €3.2m | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €0.003m | €2 | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 12.7% |
| Furniture and vehicles24 | - | €0.001m | €35 | €0.03m | €0.02m | €0.01m | €0.003m | €0.001m | ▼ 53.4% |
| Financial fixed assets28 | €12.4m | €10.1m | €0.01m | €10.3m | €10.3m | €10.3m | €10.3m | €10.3m | ▲ 0.1% |
| Current assets29/58 | €1.3m | €1.8m | €0.003m | €3.7m | €2.7m | €2.4m | €2.6m | €2.5m | ▼ 0.2% |
| Amounts receivable after more than one year29 | - | - | €190 | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | = |
| Other amounts receivable291 | - | - | €190 | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | = |
| Amounts receivable within one year40/41 | - | €0.7m | €0.001m | €1.5m | €1.4m | €1.3m | €1.1m | €0.8m | ▼ 23.3% |
| Trade receivables40 | - | €0.02m | €1 | €0 | €0.009m | €0.001m | €0.002m | €0.001m | ▼ 40.3% |
| Other amounts receivable41 | - | €0.7m | €0.001m | €1.5m | €1.4m | €1.3m | €1.1m | €0.8m | ▼ 23.3% |
| Current investments50/53 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Cash at bank and in hand54/58 | €0.4m | €1.0m | €0.003m | €1.6m | €0.7m | €0.5m | €0.6m | €0.9m | ▲ 40.9% |
| Deferred charges and accrued income490/1 | - | €0.002m | €6 | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 10.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €13.6m | €12.1m | €0.01m | €17.8m | €16.8m | €16.3m | €16.4m | €16.3m | ▼ 0.8% |
| Equity10/15 | €9.5m | €7.6m | €0.008m | €9.5m | €9.2m | €9.3m | €9.6m | €9.6m | ▲ 0.4% |
| Contributions10/11 | €4.6m | €4.6m | €0.005m | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Capital10 | - | €4.6m | - | - | - | - | - | - | - |
| Issued capital100 | - | €4.6m | - | - | - | - | - | - | - |
| Contributions outside capital11 | - | €166 | - | - | - | - | - | - | - |
| Reserves13 | €0.5m | €0.8m | €0.002m | €2.7m | €2.7m | €2.8m | €3.1m | €3.1m | ▲ 1.2% |
| Non-distributable reserves130/1 | - | - | €461 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Legal reserve130 | - | €0.5m | - | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €461 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Tax-exempt reserves132 | - | €0.2m | €0.001m | €1.4m | €1.4m | €1.3m | €1.5m | €1.4m | ▼ 3.8% |
| Distributable reserves133 | - | €0.1m | €111 | €0.8m | €0.9m | €1.1m | €1.1m | €1.2m | ▲ 8.2% |
| Profit (loss) carried forward14 | €4.4m | - | €0.002m | €2.3m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Provisions and deferred taxes16 | - | €0.1m | €0.001m | €0.5m | €0.5m | €0.5m | €0.6m | €0.5m | ▼ 12.4% |
| Provisions for liabilities and charges160/5 | - | €0.07m | €69 | €0.07m | €0.07m | €0.07m | €0.07m | €0.02m | ▼ 74.5% |
| Pensions and similar obligations160 | - | €0.05m | €51 | €0.05m | €0.05m | €0.05m | €0.05m | €0 | ▼ 100% |
| Major repairs and maintenance162 | - | €0.02m | €18 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Deferred taxes168 | - | €0.07m | €481 | €0.5m | €0.5m | €0.4m | €0.5m | €0.5m | ▼ 3.8% |
| Amounts payable17/49 | €4.2m | €4.3m | €0.004m | €7.8m | €7.1m | €6.5m | €6.3m | €6.2m | ▼ 1.6% |
| Amounts payable after more than one year17 | €3.3m | €3.3m | €0.003m | €6.2m | €5.9m | €5.7m | €5.5m | €5.3m | ▼ 3.3% |
| Financial debts170/4 | - | - | - | €2.9m | €2.6m | €2.4m | €2.2m | €2.0m | ▼ 8.3% |
| Other amounts payable178/9 | - | €3.3m | €0.003m | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Amounts payable within one year42/48 | €0.9m | €1.0m | €0.001m | €1.4m | €1.0m | €0.7m | €0.6m | €0.6m | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 1.1% |
| Trade debts44 | €0.001m | €11 | €2 | €0.001m | €0.008m | €0.03m | €0 | €0.002m | - |
| Suppliers440/4 | - | €11 | €2 | €0.001m | €0.008m | €0.03m | €0 | €0.002m | - |
| Taxes, remuneration and social security45 | - | €0.04m | €1 | €0.07m | €294 | €0.03m | €0.007m | €0.03m | ▲ 345% |
| Taxes450/3 | - | €0.04m | €1 | €0.07m | €294 | €0.03m | €0.006m | €0.03m | ▲ 407% |
| Remuneration and social security454/9 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Other amounts payable47/48 | - | €1.0m | €0.001m | €1.3m | €0.8m | €0.4m | €0.4m | €0.4m | ▲ 8.5% |
| Accrued charges and deferred income492/3 | - | - | €137 | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 17.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.001m | €0.7m | -€0.4m | €0.1m | €0.3m | €0.04m | ▼ 85.8% |
| + Depreciation and write-downs630 | €0.008m | €0.02m | €22 | €0.02m | €0.5m | €0.1m | €0.1m | €0.1m | ▼ 5.0% |
| Operating cash flow (approximation) | €0.4m | €0.3m | €0.001m | €0.7m | €0.1m | €0.3m | €0.4m | €0.2m | ▼ 56.8% |
| Investment in fixed assets (approximation) | - | €2.0m | €10.3m | -€14.2m | -€0.4m | -€0.03m | -€0.04m | -€0.01m | ▲ 70.8% |
| Change in cash | - | €0.6m | -€1.0m | €1.6m | -€0.9m | -€0.2m | €0.1m | €0.2m | ▲ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-12-2025 | abbreviated format | 27-07-2026 | 2026-00335989 |
| 30-12-2024 | abbreviated format | 16-07-2025 | 2025-00276708 |
| 30-12-2023 | abbreviated format | 23-07-2024 | 2024-00274285 |
| 30-12-2022 | abbreviated format | 24-05-2024 | 2024-00095233 |
| 30-12-2021 | micro format | 24-05-2024 | 2024-00095078 |
| 30-12-2020 | abbreviated format | 19-07-2021 | 2021-36900450 |
| 30-12-2019 | abbreviated format | 31-07-2020 | 2020-37400282 |
| 30-12-2018 | micro format | 15-07-2019 | 2019-34000312 |
| 30-12-2017 | micro format | 28-06-2018 | 2018-27600279 |
| 30-12-2016 | abbreviated format | 20-06-2017 | 2017-19100466 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.