FAVIMO
ActiveSummary
FAVIMO has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€732,386) and a net result of -€23,042. Equity has been shrinking by about 2.7% per year since 2018. Its solvency ranks better than 5% of 5,801 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-09-1978 Normal situation
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.015.297.140 7740 Pecq, since 10-10-1978
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Board and ownership
- Cécile DELHAYEManaging director
- Sophie FAVIERManaging director
- Vincent FAVIERDirector
- GESTION & PARTICIPATIONS SAconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- -€19,641
- ▼ 118%
- Loss
- €23,042
- ▲ 53.3%
- Equity
- -€732,386
- ▼ 3.2%
- Total assets
- €360,977
- ▼ 13.2%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€732,386Loss of €23,042, the second in a row (financial year 2025)lowers riskSize: total assets €360,977Founded in 1978Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 5% of them on solvency, 83% on liquidity, 21% on profitability and 37% 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.
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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 46 filings
Every figure per financial year
The operating result for 2025 is a loss of €19,689, larger than the loss of €11,491 in 2024. It is the lowest result since 2021.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 1 | 0 |
| full-time | 5 | 4 | 1 | 0 |
| in full-time equivalents | 5 | 4 | 1 | 0 |
| Average over the year, in full-time equivalents | 5 | 4.9 | 3 | 0.5 |
| On a permanent contract | 5 | 4 | 1 | 0 |
| Joined | - | 0 | 0 | 0 |
| Left | - | 1 | 3 | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €91,264 | €92,721 | €104,598 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €15,092 | €7,153 | €18,987 | €9,086 | €19,641 | ▲ 116% |
| Remuneration, social security and pensions62 | - | - | - | €92,806 | €92,588 | €106,322 | €2,440 | - | - |
| Other operating charges640/8 | - | - | - | - | €40 | €45 | €47 | €48 | ▲ 2.6% |
| Gross operating margin9900 | €218,373 | €114,304 | €53,841 | €78,195 | €94,189 | €93,342 | -€9,005 | -€19,641 | ▼ 118% |
| Operating profit (loss)9901 | -€13,635 | -€16,475 | -€18,222 | -€14,611 | €1,561 | -€13,025 | -€11,491 | -€19,689 | ▼ 71.3% |
| Financial income75/76B | - | - | - | €7,079 | €242 | - | - | €480 | - |
| Recurring financial income75 | - | - | - | €7,079 | €242 | - | - | €480 | - |
| Financial charges65/66B | - | - | - | €3,189 | €27,799 | €2,720 | €3,537 | €3,834 | ▲ 8.4% |
| Recurring financial charges65 | €265 | €6,261 | €512 | €3,189 | €27,799 | €2,720 | €3,537 | €3,834 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | -€13,900 | -€22,735 | -€18,733 | -€10,721 | -€25,996 | -€15,745 | -€15,028 | -€23,042 | ▼ 53.3% |
| Profit (loss) for the period9904 | -€13,900 | -€22,735 | -€18,733 | -€10,721 | -€25,996 | -€15,745 | -€15,028 | -€23,042 | ▼ 53.3% |
| Profit (loss) for the period to be appropriated9905 | -€13,900 | -€22,735 | -€18,733 | -€10,721 | -€25,996 | -€15,745 | -€15,028 | -€23,042 | ▼ 53.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 13.2% |
| Current assets29/58 | €0.6m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 13.2% |
| Stocks and contracts in progress3 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 41.4% |
| Stocks30/36 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 41.4% |
| Amounts receivable within one year40/41 | €0.03m | €0.02m | €0.008m | €0.009m | €0.009m | €0.009m | €0.009m | - | - |
| Trade receivables40 | - | - | - | €0 | €467 | €467 | €467 | - | - |
| Other amounts receivable41 | - | - | - | €0.009m | €0.008m | €0.008m | €0.008m | - | - |
| Cash at bank and in hand54/58 | €0.007m | €0.002m | €0.004m | €0.003m | €0.006m | €0.008m | €0.001m | €0.1m | ▲ 175× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 13.2% |
| Equity10/15 | -€0.6m | -€0.6m | -€0.6m | -€0.7m | -€0.7m | -€0.7m | -€0.7m | -€0.7m | ▼ 3.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€0.7m | -€0.7m | -€0.7m | -€0.7m | -€0.7m | -€0.8m | -€0.8m | -€0.8m | ▼ 3.0% |
| Amounts payable17/49 | €1.2m | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 2.8% |
| Amounts payable after more than one year17 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Trade debts175 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Amounts payable within one year42/48 | €0.09m | €0.04m | €0.09m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 10.7% |
| Trade debts44 | €0.05m | €0.03m | €0.04m | €0.04m | €0.07m | €0.07m | €0.07m | €0.004m | ▼ 94.7% |
| Suppliers440/4 | - | - | - | €0.04m | €0.07m | €0.07m | €0.07m | €0.004m | ▼ 94.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0.008m | €0.008m | - | €0.03m | - |
| Taxes450/3 | - | - | - | €90 | - | - | - | €0.03m | - |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.008m | €0.008m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.07m | €0.07m | €0.09m | €0.1m | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | - | - | €79 | €0 | €0.01m | €0.02m | €41 | ▼ 99.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,900 | -€22,735 | -€18,733 | -€10,721 | -€25,996 | -€15,745 | -€15,028 | -€23,042 | ▼ 53.3% |
| Operating cash flow (approximation) | -€13,900 | -€22,735 | -€18,733 | -€10,721 | -€25,996 | -€15,745 | -€15,028 | -€23,042 | ▼ 53.3% |
| Change in cash | - | -€4,496 | €2,108 | -€1,714 | €2,982 | €1,795 | -€6,821 | €121,977 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,796 companies had the same profile as FAVIMO has now. Two years later, 90.4% were still going and 2.1% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a small loss
Another 1.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FAVIMO itself is lower: 0.3% within 12 months. It rests on far more data about FAVIMO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,796 companies, not a prediction for FAVIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-06-2026 | 2026-00205591 | |
| 31-12-2024 | full format | 21-05-2025 | 2025-00102459 | |
| 31-12-2023 | full format | 12-08-2024 | 2024-00345048 | |
| 31-12-2022 | full format | 06-06-2023 | 2023-00117284 | |
| 31-12-2021 | full format | 18-08-2022 | 2022-20313338 | |
| 31-12-2020 | full format | 17-06-2021 | 2021-20900489 | |
| 31-12-2019 | full format | 15-07-2020 | 2020-30200118 | |
| 31-12-2018 | full format | 16-07-2019 | 2019-33200324 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-52500016 | |
| 31-12-2016 | full format | 11-08-2017 | 2017-43100060 |
Board & ownership
Directors
Board 3
Day-to-day management 2
Owners and capital
Shareholders
1 ownerChain of control
- GESTION & PARTICIPATIONS SA
- FAVIMO
Owners 1
- GESTION & PARTICIPATIONS SAconsolidating parentconsolidates
Capital transactions
- 29-01-2024 Capital stated in the deed · €26.62
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Cécile DELHAYE |
|
| Sophie FAVIER |
|
| Vincent FAVIER |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 29-01-2024 (in French)
Network & group
Connections & network
3 current directorsThe network starts from the directors of FAVIMO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-01
Gazette deed
Appointments: Vincent FAVIER, Cécile DELHAYE and Sophie FAVIERAmendment of the articles · Capital · Registered office clause11 points ▸
- General meeting, 18-12-2023
- Amendment of the articles, mentioned 3 times in the deed
- Capital, €26.62
- Amendment of the articles, “Article 2” (deed in French)
- Capital, €62,000
- Registered office clause, “confirmation, non-statutaire” (deed in French)
- Director appointment, Vincent FAVIER (director)
- Director appointment, Cécile DELHAYE (director)
- Director appointment, Sophie FAVIER (director)
- Director appointment, Cécile DELHAYE (administratrice déléguée)
- Director appointment, Sophie FAVIER (administratrice déléguée)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
3 activities
- L’achat, la vente, le louage, et la gestion de tous biens immeubles, pour compte propre ou de tiers, ainsi que la promotion immobilière et le bureau d’études relatif aux activités ci-dessus, le tout sous réserve du respect des lois d’accès à la profession.
- La société peut accomplir toute opération généralement quelconque se rapportant directement ou indirectement à son objet ou de nature à le favoriser ;
- Elle peut notamment s'intéresser à toute entreprise ayant un objet similaire, analogue ou connexe au sien.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0418.680.407
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57062B0323/00G002 | Wallonia | 383 m² | 1 · 383 m² | 5.7 m · 1 |