Favarge
ActiveFavarge has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €604k and a net result of €-145k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
2
/ 100
Critical▼ -38 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency6▼-38
Growth58=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 35.2 in 2024), and 91.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
8.3%
Return on assets
-2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€145k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
85 d early
2023
92 d early
2022
52 d early
2021
44 d early
2020
26 d early
2019
64 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€604k▼ 19.4%
2024 · €750k
2018: €1.34M
2019: €1.25M
2020: €1.16M
2021: €1.06M
2022: €998k
2023: €840k
2024: €750k
2018 → 2025
Total assets
€7.28M▲ 60.6%
2024 · €4.53M
2018: €2.56M
2019: €2.48M
2020: €2.41M
2021: €2.51M
2022: €2.85M
2023: €2.95M
2024: €4.53M
2018 → 2025
Net result
€-145k▼ 60.7%
2024 · €-90k
2018: €-162k
2019: €-91k
2020: €-84k
2021: €-99k
2022: €-66k
2023: €-158k
2024: €-90k
2018 → 2025
Working capital
€-178k
2024 · €533k
2018: €-707k
2019: €-977k
2020: €-1.02M
2021: €-1.02M
2022: €370
2023: €-46k
2024: €533k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€998k▼ 6.2%€840k▼ 15.8%€750k▼ 10.8%€604k▼ 19.4%
Operating result€-89k-€-61k▲ 31.4%€-157k▼ 158%€-86k▲ 45.2%€-108k▼ 25.8%
Net result€-99k-€-66k▲ 33.0%€-158k▼ 137%€-90k▲ 42.6%€-145k▼ 60.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108k in 2025 against €86k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.28M
Fixed assets
€7.19M▲ 80.6%
Current assets
€91k▼ 83.5%
Equity and liabilities €7.28M
Equity
€604k▼ 19.4%
Debt
€6.68M▲ 76.5%
The debt ratio rises from 83.5% to 91.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-106k▼
2024 · €-84k
Cash flow
€-143k▼
2024 · €-88k
Solvency
8.3%▼
2024 · 16.5%
Current ratio
0.34▼
2024 · 35.20
Quick ratio
0.34▼
2024 · 35.20
Debt / equity
11.04▲
2024 · 5.04
ROE
-24.1%▼
2024 · -12.1%
ROA
-2.0%=
2024 · -2.0%
Interest coverage
-2.87▲
2024 · -20.43
Debt
€6.68M▲
2024 · €3.78M
Debt ≤ 1 year
€269k▲
2024 · €16k
Debt > 1 year
€6.41M▲
2024 · €3.77M
Income taxes
€199=
2024 · €199
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.53M€7.28M▲
Formation expenses20€3k€3k=
Fixed assets21/28€3.98M€7.19M▲
Tangible fixed assets22/27€3.98M€7.19M▲
Land and buildings22€1.87M€7.16M▲
Plant, machinery and equipment23€3k€11k▲
Furniture and vehicles24€4k€16k▲
Assets under construction and advance payments27€2.10M€0▼
Current assets29/58€549k€91k▼
Amounts receivable within one year40/41€18k€71k▲
Trade receivables40€3k€19k▲
Other amounts receivable41€15k€52k▲
Cash at bank and in hand54/58€526k€11k▼
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€4.53M€7.28M▲
Equity10/15€750k€604k▼
Contributions10/11€1.50M€1.50M=
Profit (loss) carried forward14€-750k€-896k▼
Amounts payable17/49€3.78M€6.68M▲
Amounts payable after more than one year17€3.77M€6.41M▲
Financial debts170/4€3.77M€6.41M▲
Amounts payable within one year42/48€16k€269k▲
Current portion of amounts payable after more than one year42-€98k
Trade debts44€585€100k▲
Suppliers440/4€585€100k▲
Taxes, remuneration and social security45€15k€15k=
Remuneration and social security454/9€15k€15k=
Other amounts payable47/48€0€56k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€-79k€-102k▼
Operating profit (loss)9901€-86k€-108k▼
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€4k€37k▲
Recurring financial charges65€4k€37k▲
Profit (loss) for the period before taxes9903€-90k€-145k▼
Income taxes67/77€199€199=
Profit (loss) for the period9904€-90k€-145k▼
Profit (loss) for the period to be appropriated9905€-90k€-145k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-750k€-896k▼
Profit (loss) brought forward from the previous period14P€-660k€-750k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 98current ratio 35.20
Current ratio from 0.36 to 35.20; short-term debt falls from €72k to €16k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 42current ratio 1.01
Current ratio from 0.02 to 1.01; short-term debt falls from €1.04M to €56k.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 2 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marktstraat(Mar) 1198510 KortrijkGround area
8,599 m²
Building footprint
369 m²
Volume, LiDAR
1,094 m³
2 parcels, Flanders, Wallonia · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Favarge Bvba
since 20172.265.120.937
Favarge 42, 7090 Braine-le-Comte
since 20262.388.907.288
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55004A0216/00E000 | Wallonia | 8,286 m² | 1 · 195 m² | - |
| 34026A0358/00H012 | Flanders | 313 m² | 1 · 174 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BELGAMER INVESTMENTS
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GENORIF
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Timothy Colman
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TRIMA
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Of 9,095 companies in sector 68201 we hold annual accounts for 6,728. 4,983 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2017
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
55209Other holiday and short-stay accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.favarge.be
E-mail:info@favarge.be