IL FARO
ActiveIL FARO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €34k. Equity is growing by ~61% per year across the filed fiscal years. Its solvency ranks better than 94% of 18940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 7.06 against 2.24 in 2023; short-term debt: 13.4% and cash: 59.5% of total assets), and 13.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
33 d early
2021
33 d early
2020
3 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€58k▲ 139%
2023 · €24k
2018: €-49k
2019: €-35k
2020: €-22k
2021: €-10k
2022: €4k
2023: €24k
2018 → 2024
Total assets
€67k▲ 34.3%
2023 · €50k
2018: €64k
2019: €62k
2020: €61k
2021: €58k
2022: €26k
2023: €50k
2018 → 2024
Net result
€34k▲ 64.4%
2023 · €20k
2018: €-44k
2019: €14k
2020: €13k
2021: €11k
2022: €14k
2023: €20k
2018 → 2024
Working capital
€54k▲ 114%
2023 · €25k
2018: €-20k
2019: €-11k
2020: €7k
2021: €19k
2022: €10k
2023: €25k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-22k-€-10k▲ 52.3%€4k€24k▲ 546%€58k▲ 139%
Operating result€22k-€17k▼ 18.8%€23k▲ 33.1%€32k▲ 39.3%€51k▲ 56.4%
Net result€13k-€11k▼ 13.3%€14k▲ 23.8%€20k▲ 44.0%€34k▲ 64.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 56% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€4k▼ 7.1%
Current assets
€63k▲ 37.9%
Equity and liabilities €67k
Equity
€58k▲ 139%
Debt
€9k▼ 64.9%
The debt ratio falls from 51.3% to 13.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▲
2023 · €34k
Cash flow
€34k▲
2023 · €22k
Solvency
86.6%▲
2023 · 48.7%
Current ratio
7.06▲
2023 · 2.24
Quick ratio
7.06▲
2023 · 2.24
Debt / equity
0.15▼
2023 · 1.05
ROE
58.2%▼
2023 · 84.5%
ROA
50.4%▲
2023 · 41.1%
Interest coverage
35.73▲
2023 · 15.95
Debt
€9k▼
2023 · €25k
Debt ≤ 1 year
€9k▼
2023 · €20k
Income taxes
€16k▲
2023 · €10k
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€50k€67k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23€1k€1k▼
Financial fixed assets28€3k€3k=
Current assets29/58€46k€63k▲
Amounts receivable after more than one year29€12k€12k=
Other amounts receivable291€12k€12k=
Amounts receivable within one year40/41€22k€10k▼
Other amounts receivable41€22k€10k▼
Cash at bank and in hand54/58€12k€40k▲
Deferred charges and accrued income490/1€559€1k▲
Equity and liabilities
Total equity and liabilities10/49€50k€67k▲
Equity10/15€24k€58k▲
Contributions10/11€6k€6k=
Reserves13€18k€51k▲
Distributable reserves133€18k€51k▲
Profit (loss) carried forward14€440€489▲
Amounts payable17/49€25k€9k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€20k€9k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€13k€3k▼
Taxes450/3€13k€3k▼
Other amounts payable47/48€567-
Income statement
Code20232024
Remuneration, social security and pensions62€-263-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€280▼
Other operating charges640/8€2k€623▼
Gross operating margin9900€35k€52k▲
Operating profit (loss)9901€32k€51k▲
Financial income75/76B€241€10▼
Recurring financial income75€241€10▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€31k€49k▲
Income taxes67/77€10k€16k▲
Profit (loss) for the period9904€20k€34k▲
Profit (loss) for the period to be appropriated9905€20k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€34k▲
Profit (loss) brought forward from the previous period14P€-2k€440▲
Transfer to equity691/2€18k€34k▲
To other reserves6921€18k€34k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €34k ▲64.4%
Operating result €51k, net result €34k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 7.06
Current ratio from 2.24 to 7.06; short-term debt falls from €20k to €9k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Oostkamp · 1 establishment unit since 2011
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.
Stationsstraat 11A8020 OostkampGround area
298 m²
Building footprint
267 m²
Volume, LiDAR
1,404 m³
Parcel 31022I0311/00V000, Flanders · tallest building 11.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IL FARO
since 20112.199.691.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0311/00V000 | Flanders | 298 m² | 1 · 267 m² | 11.4 m · 1 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 siteOostkamp2.199.691.170
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 9,868 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2011
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.