FAY 87

Active

Private limited companyfounded 20197 yrs activeBaljuwstraat 87, 1050 Elsene, BelgiumKBO/BCE: BE 0730.897.275

The computed 12-month bankruptcy probability of FAY 87 is 9.5% (elevated). The 2024 annual accounts show negative equity (€-204k) and a net result of €-100k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 18944 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

16 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability11▼-8

Solvency0▼-12

Growth32=

Track record100

Bankruptcy probability, 12 months

9.5% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.36 against 0.25 in 2023; short-term debt: 51.6% and cash: 1.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-24.8%

Return on assets

-12.1%

Age of the figures

21 mo

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-204k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-02-2026, 197 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

197 d late

2023

124 d late

2022

102 d late

2021

107 d late

2020

472 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€306k

EBIT margin

-6.7%

Net result

€-100k▼ 10.0%

2023 · €-90k

2020: €16k 2021: €-9k 2022: €-28k 2023: €-90k

2020 → 2024

Working capital

€-272k▼ 31.8%

2023 · €-207k

2020: €-520k 2021: €-554k 2022: €-493k 2023: €-207k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€306k

Equity€22k-€14k▼ 39.0%€-14k€-105k▼ 634%€-204k▼ 95.0%

Operating result€20k-€-3k€-21k▼ 640%€-73k▼ 252%€-78k▼ 7.5%

Net result€16k-€-9k€-28k▼ 221%€-90k▼ 225%€-100k▼ 10.0%

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 €78k in 2024 against €73k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €824k

81.4%

18.6%

Fixed assets €671k▼ 11.8%

Current assets €153k▲ 123%

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▼

2023 · €26k

Cash flow

€-2k▼

2023 · €8k

Solvency

-24.8%▼

2023 · -12.6%

Current ratio

0.36▲

2023 · 0.25

Quick ratio

0.36▲

2023 · 0.25

Debt / equity

-5.03▲

2023 · -8.92

ROA

-12.1%▼

2023 · -10.9%

Interest coverage

0.94▼

2023 · 1.71

Debt

€1.03M▲

2023 · €935k

Debt ≤ 1 year

€425k▲

2023 · €275k

Debt > 1 year

€603k▼

2023 · €660k

Income taxes

€257▼

2023 · €3k

Staff costs

€68k▲

2023 · €41k

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€830k€824k▼

Formation expenses20€50€50=

Fixed assets21/28€761k€671k▼

Intangible fixed assets21€8k€8k=

Tangible fixed assets22/27€753k€663k▼

Plant, machinery and equipment23€35k€25k▼

Furniture and vehicles24€23k€28k▲

Leasing and similar rights25€17k€13k▼

Other tangible fixed assets26€678k€598k▼

Financial fixed assets28€400€400=

Current assets29/58€69k€153k▲

Amounts receivable within one year40/41€69k€143k▲

Trade receivables40€62k€136k▲

Other amounts receivable41€7k€7k▲

Cash at bank and in hand54/58-€10k

Deferred charges and accrued income490/1€47€170▲

Equity and liabilities

Total equity and liabilities10/49€830k€824k▼

Equity10/15€-105k€-204k▼

Contributions10/11€6k€6k=

Capital10€6k€6k=

Issued capital100€6k€6k=

Profit (loss) carried forward14€-111k€-210k▼

Amounts payable17/49€935k€1.03M▲

Amounts payable after more than one year17€660k€603k▼

Financial debts170/4€285k€246k▼

Other amounts payable178/9€375k€358k▼

Amounts payable within one year42/48€275k€425k▲

Current portion of amounts payable after more than one year42€36k€40k▲

Financial debts43€27-

Credit institutions430/8€27-

Trade debts44€188k€237k▲

Suppliers440/4€188k€237k▲

Advances received on contracts in progress46-€59k

Taxes, remuneration and social security45€46k€84k▲

Taxes450/3€43k€76k▲

Remuneration and social security454/9€3k€8k▲

Other amounts payable47/48€5k€5k=

Income statement Code20232024

Remuneration, social security and pensions62€41k€68k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€98k▼

Other operating charges640/8€21k€1k▼

Gross operating margin9900€88k€89k▲

Operating profit (loss)9901€-73k€-78k▼

Financial charges65/66B€15k€21k▲

Recurring financial charges65€15k€21k▲

Profit (loss) for the period before taxes9903€-88k€-99k▼

Income taxes67/77€3k€257▼

Profit (loss) for the period9904€-90k€-100k▼

Profit (loss) for the period to be appropriated9905€-90k€-100k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-111k€-210k▼

Profit (loss) brought forward from the previous period14P€-20k€-111k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2026

13-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 197 days late

2024

31-12

Financial Weakest financial yearnet €-100k

Net result drops to €-100k, the lowest in the series.

02-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 124 days late

2023

10-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 102 days late

2022

15-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 107 days late

15-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 472 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Elsene · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Baljuwstraat 871050 Elsene

Ground area

115 m²

Building footprint

113 m²

Volume, LiDAR

1,053 m³

Parcel 21447B0215/00C008, Brussels · tallest building 16.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

FAY 87

Baljuwstraat 87, 1050 ElseneCafés and bars

since 20202.298.542.880

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21447B0215/00C008	Brussels	115 m²	1 · 113 m²	16.9 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Elsene2.298.542.880

1 permission

Drankgelegenheid · since 15-11-2021

Similar companies · same sector, comparable size

Middelkerke · Eq €14k

BOULDERZAAL CITY LIZARD

BE 0886.563.271

Sint-Niklaas · Eq €14k

Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 3,784 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-07-2019

Fiscal year end31-12

Activities, NACEBEL

56301Cafés and bars

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.