FAVOS
Open bankruptcyA bankruptcy procedure is open for FAVOS according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2024 annual accounts show equity of €3.16M and a net result of €2.73M.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2024, full schema
Turnover
€2k▼ 93.4%
2020 · €35k
2018: €99k
2019: €58k
2020: €35k
2018 → 2023
EBIT margin
33.1%▲ 364.5pp
2020 · -331.3%
2018: 46.2%
2019: -6.3%
2020: -331.3%
2018 → 2023
Net result
€2.73M
2023 · €-760k
2018: €-6k
2019: €-50k
2020: €-375k
2021: €-422k
2022: €-3.33M
2023: €-760k
2018 → 2024
Working capital
€-1.81M▼ 43.1%
2023 · €-1.26M
2018: €-2.29M
2019: €-2.30M
2020: €-6.20M
2021: €-4.35M
2022: €-4.48M
2023: €-1.26M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€35k-€2k
Equity€5.33M-€4.51M▼ 15.4%€1.18M▼ 73.8%€422k▼ 64.3%€3.16M▲ 648%
Operating result€-117k-€-513k▼ 337%€-185k▲ 64.0%€770€693k▲ 89,883%
Net result€-375k-€-422k▼ 12.5%€-3.33M▼ 689%€-760k▲ 77.2%€2.73M
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 89,883% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.76M
Fixed assets
€6.73M▲ 44.6%
Current assets
€27k▲ 244%
Equity and liabilities €6.76M
Equity
€3.16M▲ 648%
Provisions
€686k▼ 32.3%
Debt
€2.92M▼ 9.6%
The debt ratio falls from 69.2% to 43.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€730k▲
2023 · €117k
Cash flow
€2.77M▲
2023 · €-644k
Solvency
46.7%▲
2023 · 9.0%
Current ratio
0.01▲
2023 · 0.01
Quick ratio
0.01▲
2023 · 0.01
Debt / equity
0.92▼
2023 · 7.65
ROE
86.6%▲
2023 · -180.2%
ROA
40.5%▲
2023 · -16.3%
Interest coverage
5.91▲
2023 · 0.50
Debt
€2.92M▼
2023 · €3.23M
Debt ≤ 1 year
€1.84M▲
2023 · €1.27M
Debt > 1 year
€1.00M▼
2023 · €1.92M
Income taxes
€0▼
2023 · €379k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.66M€6.76M▲
Fixed assets21/28€4.65M€6.73M▲
Tangible fixed assets22/27€555k€282k▼
Land and buildings22€530k€282k▼
Plant, machinery and equipment23€0-
Assets under construction and advance payments27€25k€0▼
Financial fixed assets28€4.10M€6.45M▲
Affiliated companies280/1€4.10M-
Participating interests280€4.10M-
Current assets29/58€8k€27k▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€1k€16k▲
Trade receivables40€1k€16k▲
Cash at bank and in hand54/58€238€608▲
Deferred charges and accrued income490/1€6k€11k▲
Equity and liabilities
Total equity and liabilities10/49€4.66M€6.76M▲
Equity10/15€422k€3.16M▲
Contributions10/11€201k€201k=
Capital10€201k€201k=
Issued capital100€201k€201k=
Reserves13€174k€728k▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€154k€708k▲
Profit (loss) carried forward14€47k€2.23M▲
Provisions and deferred taxes16€1.01M€686k▼
Provisions for liabilities and charges160/5€962k€450k▼
Taxes161€560k€0▼
Other liabilities and charges164/5€402k€450k▲
Deferred taxes168€51k€236k▲
Amounts payable17/49€3.23M€2.92M▼
Amounts payable after more than one year17€1.92M€1.00M▼
Financial debts170/4€1.92M€1.00M▼
Credit institutions173€1.92M-
Amounts payable within one year42/48€1.27M€1.84M▲
Current portion of amounts payable after more than one year42€40k€25k▼
Financial debts43€0-
Other loans439€0-
Trade debts44€30k€38k▲
Suppliers440/4€30k€38k▲
Taxes, remuneration and social security45€283k€649k▲
Taxes450/3€283k€649k▲
Other amounts payable47/48€919k€1.13M▲
Accrued charges and deferred income492/3€37k€78k▲
Income statement
Code20232024
Operating income70/76A€246k-
Turnover70€2k-
Other operating income74€1k-
Non-recurring operating income76A€242k€765k▲
Operating charges60/66A€245k-
Services and other goods61€43k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€37k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-40k€0▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€63k€48k▼
Other operating charges640/8€62k€21k▼
Non-recurring operating charges66A-€18k
Gross operating margin9900-€818k
Operating profit (loss)9901€770€693k▲
Financial income75/76B€0€2.35M▲
Recurring financial income75€0€2.35M▲
Other financial income752/9€0-
Non-recurring financial income76B-€2.35M
Financial charges65/66B€818k€124k▼
Recurring financial charges65€238k€124k▼
Debt charges650€237k-
Other financial charges652/9€372-
Non-recurring financial charges66B€580k€0▼
Profit (loss) for the period before taxes9903€-817k€2.92M▲
Transfer from deferred taxes780€436k€7k▼
Transfer to deferred taxes680-€191k
Income taxes67/77€379k€0▼
Taxes670/3€560k-
Tax adjustments and reversals of tax provisions77€181k-
Profit (loss) for the period9904€-760k€2.73M▲
Transfer from tax-exempt reserves789€1.31M€20k▼
Transfer to tax-exempt reserves689-€573k
Profit (loss) for the period to be appropriated9905€548k€2.18M▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€2.23M▲
Profit (loss) brought forward from the previous period14P€-502k€47k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SA FAVOS CHAUSSEE DE WATER- LOO 1135, 1180 UCCLE · event 02-07-2026
27-03
Interim measure
Provisional administrator
Tribunal de l’entreprise francophone de Bruxelles
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 141 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 204 days late
2024
31-12
Financial
Back to profitnet €2.73M
Net result €2.73M after 6 loss-making years.
31-12
Financial
Equity above €2MEq €3.16M ▲648%
Equity rises from €422k to €3.16M.
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-3.33M
Net result drops to €-3.33M, the lowest in the series.
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 134 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ukkel · 1 establishment unit since 1988
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.
Waterloosesteenweg 11351180 UkkelGround area
3,242 m²
Building footprint
818 m²
Volume, LiDAR
13,722 m³
Parcel 21612C0257/00V000, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Waterloosesteenweg 1135, 1180 Ukkel
since 19882.036.732.853
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0257/00V000 | Brussels | 3,242 m² | 1 · 817 m² | 20.8 m · 6 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
02-07-2026 → present |
| Curator | CHRISTOPHE BOUR-
TEMBOURG AVENUE LOUISE 283/19, 1050 IXELLES- |
02-07-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-03-1988
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.