Financials
- Financial year
- 2024
- Total assets
- €824,232
- Loss
- -€99,591
- Solvency
- -24.8%
FAY 87
ActiveSummary
The computed 12-month bankruptcy probability of FAY 87 is 9.2% (elevated). The 2024 annual accounts show negative equity (-€204,370) and a net result of -€99,591. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 18,739 sector peers (NACE 56, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Cafés and bars
NACE 56301
1 site
Size
€824,232total assets 2024
- Equity
- -€204,370
- Loss
- -€99,591
Turnover not published (micro format)
Structure
Accounts 85 days overdue0 of 1 deed read
Why 31raises risk1 financial year not filed after the legal deadline; latest accounts 197 days late; 3 of the last 3 lateSector: Food and beverage service activities (NACE 56)Figures for financial year 2024 (filed 18-02-2026)lowers riskSize: total assets €824,232Show the evidence
Checked score
Score 2024
31
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 17% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency
0-12
equity -24.8% of total assets
Liquidity
25-46
short-term debt 51.6% · cash 1.2%
Profitability
11-8
return on assets -12.1%
Bankruptcy probability, 12 months
9.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 7.1%lowest value
12-2024: 7.6%▲ +0.5 percentage points vs 11-2024
01-2025: 10.1%▲ +2.5 percentage points vs 12-2024
02-2025: 10.2%▲ +0.1 percentage points vs 01-2025
03-2025: 10.2%● unchanged vs 02-2025
04-2025: 10.0%▼ -0.2 percentage points vs 03-2025
05-2025: 9.7%▼ -0.3 percentage points vs 04-2025
06-2025: 9.4%▼ -0.3 percentage points vs 05-2025
07-2025: 9.0%▼ -0.4 percentage points vs 06-2025
08-2025: 9.2%▲ +0.2 percentage points vs 07-2025
09-2025: 9.3%▲ +0.1 percentage points vs 08-2025
10-2025: 9.8%▲ +0.5 percentage points vs 09-2025
11-2025: 9.9%▲ +0.1 percentage points vs 10-2025
12-2025: 10.4%▲ +0.5 percentage points vs 11-2025
01-2026: 12.4%▲ +2.0 percentage points vs 12-2025highest value
02-2026: 12.4%● unchanged vs 01-2026highest value
03-2026: 8.2%▼ -4.2 percentage points vs 02-2026
04-2026: 8.2%● unchanged vs 03-2026
05-2026: 8.1%▼ -0.1 percentage points vs 04-2026
06-2026: 8.1%● unchanged vs 05-2026
07-2026: 8.1%● unchanged vs 06-2026
08-2026: 8.4%▲ +0.3 percentage points vs 07-2026
09-2026: 8.6%▲ +0.2 percentage points vs 08-2026
10-2026: 9.2%▲ +0.6 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.36, compared with 0.25 in 2023, below 1; short-term debt: 51.6% and cash: 1.2% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 18% on solvency, 21% on liquidity, 22% on profitability and 8% on growth.
The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€204,370
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline24-10-2026 today
raises risk · 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
197 days late
2023
124 days late
2022
102 days late
2021
107 days late
2020
472 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 200 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€99,591
- Annual accounts filedfinancial year 2023 · micro…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€204,370 View
- Risk: 4 loss-making years in a rowloss financial year 2024 -€99,591 View
- Caution: Equity fell in 2024from -€104,780 to -€204,370 ▼ 95.0% View
- Caution: Among the weakest 5% on net resultsector median €5,432 · 18,725 companies -€99,591 View
- Caution: Accounts not fileddeadline was 31-07-2026 85 days late View
By topic
Timeline
- Events
- 6
- Since
- 2022
- 10-11-2023Annual accounts filed
- 15-11-2022Annual accounts filed
- 15-11-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Cafés and barsNACE 56301
- Founded
- 19-07-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about FAY 87
- What is the company number of FAY 87?
- 0730.897.275. In Belgium the VAT number is the company number with BE in front: BE 0730.897.275.
- Where is FAY 87 based?
- The registered office is at Baljuwstraat 87, 1050 Elsene.Company details
- What does FAY 87 do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of FAY 87?
- Private limited company (BV).
- When was FAY 87 founded?
- On 19-07-2019.
- Is FAY 87 still active?
- Yes, FAY 87 is an active enterprise in the KBO register.
- What is the turnover of FAY 87?
- €306,308 in financial year 2022, according to the filed annual accounts.Financials
- Is FAY 87 profitable?
- In financial year 2024, FAY 87 made a loss of €99,591.
- Where can I find the annual accounts of FAY 87?
- FAY 87 filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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