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FAVEERE

Active
Public limited companyfounded 1968active for 58 yearsJan Borluutstraat 17, 8790 Waregem, BelgiumKBO/BCE: BE 0405.413.676
Summary

FAVEERE has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.9m and a net result of €103,202. Equity has been growing by about 4.9% per year since 2018. Its solvency ranks better than 76% of 6,178 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active Normal situation
Activity
Wholesale trade NACE 46841
Joint committees
149.04 Metal trade
200 Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.004.157.778 8790 Waregem, since 01-08-1955
Financial year end
31 December
Peppol
Reachable since 16-09-2025

Board and ownership

Board
  • DIFADirector · since 27-11-2023 · permanent representative Dick Faveere
  • GYFADirector · since 27-11-2023 · permanent representative Guy Faveere
  • TIMILADirector · since 27-11-2023 · permanent representative Patrick Faveere
Auditor
HLB Dodémont-Van Impe & C°
Shareholders
  • DIFA· score 962025 annual accounts of DIFA
  • TIMILA2025 annual accounts of TIMILA
  • GYFA· score 9330-09-2025 annual accounts of GYFA

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€20.2m
▼ 10.4%
Profit
€103,202
▼ 78.8%
Equity
€8.9m
▲ 1.2%
Total assets
€12.7m
▲ 2.0%
Employees on 31-12-2025
24
▲ 4.3%
Score breakdownlowers riskLiquidity: current ratio 4.71, cash €2.0mFounded in 1968Equity €8.9m (69.8% of total assets)Legal form: public limited companyShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 95=
equity 69.8% of total assets
Liquidity 68+1
short-term debt 13.4% · cash 16.1%
Profitability 43+2
return on assets 0.8%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,375 companies, NACE 46, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.71 (5.78 in 2024), above the usual 1.5. Short-term debt is 13.4% and cash 16.1% of total assets. 30.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 79% of them on solvency, 86% on liquidity, 28% on profitability and 28% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 4.71, cash €2.0m
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €8.9m (69.8% of total assets)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
23 days early
2023
30 days late
2022
28 days early
2021
29 days late
2020
52 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from €487,591 to €103,202 ▼ 78.8% View
  • Positive: More equity than 82% of companies in wholesale tradesector median €1.6m · 6,109 companies €8.9m View

Recent changes

  1. · Gazette deed Reappointment: HLB DODEMONT-VAN IMPE & C° (statutory auditor)Permanent representative: Patrick VAN IMPE
  2. · Gazette deed Demerger proposal: FAVEERE splits off to VANWARPermanent representatives: Dick FAVEERE, Guy FAVEERE and Patrick FAVEERE
  3. · Gazette deed 3 directors reappointedReappointments: DIFA, TIMILA and GYFA · Permanent representatives: Dick Faveere, Patrick Faveere and Guy Faveere
All 19 events

Comparable companies

These companies have the same main activity as FAVEERE: wholesale trade (NACE 46841). They are comparable in size and age: total assets between €12m and €17m, founded between 1945 and 1991.

CompanyTotal assetsTurnover
FAVEERE Waregem€12.7m€20.2m
Van Langendonck Tremelo€11.8m€17.5m
DESOMER - PLANCKE Poperinge€15.6m€15.3m
Cuprochimique Aalst€14.8m€18.5m
METAALHANDEL DELRUE Ichtegem€15.8m€17.9m
VOS TOOLS Brecht€17.0m€15.3m
DU PONT Grobbendonk€14.2m€21.7m
Full comparison

Key facts about FAVEERE

What is the company number of FAVEERE?
The company number of FAVEERE is 0405.413.676. The VAT number is the same number with BE in front: BE 0405.413.676.
Where is FAVEERE based?
The registered office is at Jan Borluutstraat 17, 8790 Waregem.Company details
What does FAVEERE do?
According to the KBO register, the main activity is wholesale trade (NACE 46841).
What is the legal form of FAVEERE?
FAVEERE is a public limited company (NV).
When was FAVEERE founded?
FAVEERE was founded on 01-01-1968.
Is FAVEERE still active?
Yes, FAVEERE is an active enterprise in the KBO register.
How many employees does FAVEERE have?
FAVEERE had an average of 23.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does FAVEERE fall under?
In its 2025 annual accounts, FAVEERE states joint committees 149.04 (Metal trade) and 200 (Auxiliary committee for white-collar workers).
What is the turnover of FAVEERE?
The turnover of FAVEERE was €20.2m in financial year 2025, according to the filed annual accounts.
Is FAVEERE profitable?
In financial year 2025, FAVEERE made a profit of €103,202.
Where can I find the annual accounts of FAVEERE?
FAVEERE filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FAVEERE due?
FAVEERE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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