FAVEERE
ActiveFAVEERE has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.87M and a net result of €103k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+2
Solvency95=
Growth47▼-2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 4.71 against 5.78 in 2024; short-term debt: 13.4% and cash: 16.1% of total assets), and 30.2% 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 · 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
69.8%
Return on assets
0.8%
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 filingsDeviation from the deadline
2025
18 d early
2024
23 d early
2023
30 d late
2022
28 d early
2021
29 d late
2020
52 d early
2019
50 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€20.19M▼ 10.4%
2024 · €22.53M
2018: €19.23M
2019: €19.23M
2020: €19.32M
2021: €32.99M
2022: €36.25M
2023: €25.61M
2024: €22.53M
2018 → 2025
EBIT margin
0.4%▼ 2.5pp
2024 · 2.9%
2018: 4.0%
2019: 4.0%
2020: 2.5%
2021: 6.5%
2022: 3.7%
2023: -0.7%
2024: 2.9%
2018 → 2025
Net result
€103k▼ 78.8%
2024 · €488k
2018: €572k
2019: €572k
2020: €445k
2021: €1.65M
2022: €976k
2023: €-242k
2024: €488k
2018 → 2025
Working capital
€6.33M=
2024 · €6.33M
2018: €5.07M
2019: €5.09M
2020: €5.95M
2021: €6.41M
2022: €7.54M
2023: €7.36M
2024: €6.33M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€32.99M-€36.25M▲ 9.9%€25.61M▼ 29.3%€22.53M▼ 12.0%€20.19M▼ 10.4%
Equity€7.55M-€8.52M▲ 12.9%€8.28M▼ 2.8%€8.77M▲ 5.9%€8.87M▲ 1.2%
Operating result€2.15M-€1.33M▼ 37.8%€-186k€658k€83k▼ 87.3%
Net result€1.65M-€976k▼ 40.9%€-242k€488k€103k▼ 78.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.71M
Fixed assets
€4.67M▼ 2.8%
Current assets
€8.04M▲ 5.0%
Equity and liabilities €12.71M
Equity
€8.87M▲ 1.2%
Provisions
€0▼ 100%
Debt
€3.84M▲ 4.0%
The debt ratio rises from 29.6% to 30.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€254k▼
2024 · €824k
Cash flow
€274k▼
2024 · €654k
Solvency
69.8%▼
2024 · 70.3%
Current ratio
4.71▼
2024 · 5.78
Quick ratio
2.49▼
2024 · 3.29
Debt / equity
0.43▲
2024 · 0.42
ROE
1.2%▼
2024 · 5.6%
ROA
0.8%▼
2024 · 3.9%
Interest coverage
3.87
Debt
€3.84M▲
2024 · €3.69M
Debt ≤ 1 year
€1.71M▲
2024 · €1.32M
Debt > 1 year
€2.13M▼
2024 · €2.37M
Income taxes
€43k▼
2024 · €96k
Staff costs
€1.49M▲
2024 · €1.48M
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€12.47M€12.71M▲
Fixed assets21/28€4.81M€4.67M▼
Tangible fixed assets22/27€1.00M€865k▼
Land and buildings22€539k€501k▼
Plant, machinery and equipment23€259k€198k▼
Furniture and vehicles24€204k€166k▼
Financial fixed assets28€3.81M€3.81M=
Affiliated companies280/1€3.81M€3.81M=
Participating interests280€3.81M€3.81M=
Other financial fixed assets284/8€63€63=
Amounts receivable and cash guarantees285/8€63€63=
Current assets29/58€7.66M€8.04M▲
Stocks and contracts in progress3€3.30M€3.79M▲
Stocks30/36€3.30M€3.79M▲
Goods purchased for resale34€3.30M€3.79M▲
Amounts receivable within one year40/41€2.56M€2.09M▼
Trade receivables40€2.50M€2.06M▼
Other amounts receivable41€64k€31k▼
Current investments50/53€103k€104k▲
Other investments51/53€103k€104k▲
Cash at bank and in hand54/58€1.69M€2.04M▲
Deferred charges and accrued income490/1-€11k
Equity and liabilities
Total equity and liabilities10/49€12.47M€12.71M▲
Equity10/15€8.77M€8.87M▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€8.69M€8.80M▲
Non-distributable reserves130/1€8.61M€8.73M▲
Legal reserve130€8k€8k=
Reserves not available under the articles1311€8.60M€8.72M▲
Tax-exempt reserves132€85k€65k▼
Provisions and deferred taxes16€5k€0▼
Deferred taxes168€5k€0▼
Amounts payable17/49€3.69M€3.84M▲
Amounts payable after more than one year17€2.37M€2.13M▼
Financial debts170/4€2.37M€2.13M▼
Credit institutions173€2.37M€2.13M▼
Amounts payable within one year42/48€1.32M€1.71M▲
Current portion of amounts payable after more than one year42€230k€236k▲
Trade debts44€710k€1.02M▲
Suppliers440/4€710k€1.02M▲
Taxes, remuneration and social security45€384k€449k▲
Taxes450/3€204k€284k▲
Remuneration and social security454/9€180k€166k▼
Accrued charges and deferred income492/3-€614
Income statement
Code20242025
Operating income70/76A€22.56M€20.22M▼
Turnover70€22.53M€20.19M▼
Other operating income74€16k€30k▲
Non-recurring operating income76A€9k€0▼
Operating charges60/66A€21.90M€20.13M▼
Goods for resale, raw materials and consumables60€18.92M€16.74M▼
Purchases600/8€19.06M€17.23M▼
Change in stocks: decrease (increase)609€-133k€-493k▼
Services and other goods61€1.25M€1.63M▲
Remuneration, social security and pensions62€1.48M€1.49M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k€171k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€483€21k▲
Other operating charges640/8€75k€75k▼
Operating profit (loss)9901€658k€83k▼
Financial income75/76B€44k€132k▲
Recurring financial income75€44k€132k▲
Income from current assets751€1k€552▼
Other financial income752/9€43k€131k▲
Financial charges65/66B€120k€74k▼
Recurring financial charges65€120k€74k▼
Debt charges650€0€66k▲
Other financial charges652/9€120k€9k▼
Profit (loss) for the period before taxes9903€582k€141k▼
Transfer from deferred taxes780€2k€5k▲
Income taxes67/77€96k€43k▼
Taxes670/3€96k€44k▼
Tax adjustments and reversals of tax provisions77-€2k
Profit (loss) for the period9904€488k€103k▼
Transfer from tax-exempt reserves789€5k€20k▲
Profit (loss) for the period to be appropriated9905€492k€123k▼
Appropriation of the result
Profit (loss) to be appropriated9906€492k€123k▼
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€492k€123k▼
To other reserves6921€492k€123k▼
Social balance
Average headcount (FTE)908723.123.9▲
The notes to these accounts (64 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
25-06
State Gazette act
RestructuringBoard meeting · Demerger · Capital15 facts ▸
State Gazette act
Restructuring
Board meeting · Demerger · Capital15 facts ▸
- Board meeting, 12/06/2026
- Demerger, partielle splitsing, 01/01/2026
- Capital, €75.000
- Corporate purpose, De handel onderzijn verschillende vormen in de volgende koopwaren: ijzer, staal en andere metalen, producten van buiswerk, de draadtrekkerij, hethout-schroef-,e…
- Corporate purpose, I. Specifieke activiteiten: Het, op welke wijze ook, opwekken, leveren en verkopen van elektriciteit aan natuurlijke of rechtspersonen en vennootschappen, in de…
- Permanent representative, Dick FAVEERE
- Permanent representative, Guy FAVEERE
- Permanent representative, Patrick FAVEERE
- Share issue, 3637, 1,613611190778950 per share of FAVEERE
- Accounting effect, 01/01/2026
- Real estate, Bodemattesten OVAM d.d. 04.11.2025 en 18.11.2025
- Net-asset statement, 31/12/2025
- +3 further facts in this act
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €488k
Net result €488k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-242k ▼125%
Net result drops to €-242k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity triplescurrent ratio 6.56
Current ratio from 2.57 to 6.56; short-term debt falls from €4.10M to €1.36M.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €1.65M ▲271%
Operating result €2.15M, net result €1.65M, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1955
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.
Jan Borluutstraat 178790 WaregemGround area
2.0 ha
Building footprint
1.2 ha
Volume, LiDAR
103,190 m³
Parcel 34040C0139/00M000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Jan Borluutstraat 17, 8790 Waregem
since 19552.004.157.778
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0139/00M000 | Flanders | 2.0 ha | 1 · 1.2 ha | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionContributed a business line to:VANWAR
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Of 505 companies in sector 46841 we hold annual accounts for 365. 167 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.