What does FAVEERE do?

FAVEERE is a wholesaler in Waregem. Public Limited, started on 1 January 1968, 1 establishment.

What is the address of FAVEERE?

The registered office of FAVEERE is located at Jan Borluutstraat 17, 8790 Waregem.

Is FAVEERE still active?

Yes. According to the CBE (29 October 2026) FAVEERE is active, legal situation “Normale toestand”, started on 1 January 1968.

Is FAVEERE registered on Peppol?

Yes, FAVEERE is registered on the Peppol network with ID 0208:0405413676.

What is the enterprise number of FAVEERE?

The enterprise number of FAVEERE is BE0405413676.

When was FAVEERE founded?

FAVEERE was founded on 1 January 1968.

Who are the directors of FAVEERE?

According to the 2025 annual accounts, the directors of FAVEERE are: GYFA NV, TIMILA BV, DIFA BV.

Is FAVEERE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did FAVEERE make in 2025?

FAVEERE posted a profit after taxes of € 103,202 in financial year 2025.

What is the revenue of FAVEERE?

In its most recent annual accounts (2025), FAVEERE reported revenue of € 20,185,884.

How much does an employee at FAVEERE earn?

The average wage cost per full-time employee at FAVEERE was € 62,500 in 2025: staff costs of € 1.5 million for 23.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does FAVEERE have?

According to the 2025 annual accounts, FAVEERE has 23.9 full-time equivalents (FTE).

Does FAVEERE have a website?

Yes, FAVEERE has a website at faveere.be.

FAVEERE (Public Limited) - Waregem - BE0405413676

Dossier FAVEERE, printed on 29 October 2026 from databakkes.be/en/0405413676/faveere. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

FAVEERE from Waregem, company number BE0405413676, closed financial year 2025 with a result of € 103,202 after tax. For that financial year FAVEERE recorded revenue of € 20.2 million and equity of € 8.9 million. Compared with financial year 2024, the result moved from € 487,591 to € 103,202. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.

What it is worth Growing

€ 8.9 million

▲ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 103,202

▼ 79% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2 million

▲ 21% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 8.8 million.

People and assets in 2025

Full-time equivalents

23.9

▲ 0.8 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 1.5 million

▲ 1% vs 2024

€ 62,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 165,739

▼ 19% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 10 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.4 million

▼ 9% vs 2024

€ 236,452 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 1 million

▲ 44% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.

Taxes and wages

€ 449,202

▲ 17% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 36,254,931 Revenue 2022: € 36,254,931 First fiscal year in the series	€ 25,614,999 Revenue 2023: € 25,614,999 ▼ 29% vs 2022 (€ 36,254,931) Unfavourable step	€ 22,531,071 Revenue 2024: € 22,531,071 ▼ 12% vs 2023 (€ 25,614,999) Unfavourable step	€ 20,185,884 Revenue 2025: € 20,185,884 ▼ 10% vs 2024 (€ 22,531,071) Unfavourable step	▼ 10%
Profit after taxes	€ 976,041 Profit after taxes 2022: € 976,041 First fiscal year in the series	€ -241,637 Profit after taxes 2023: € -241,637 ▼ € 1.2 million vs 2022 (€ 976,041) Unfavourable step	€ 487,591 Profit after taxes 2024: € 487,591 ▲ € 729,228 vs 2023 (€ -241,637) Favourable step	€ 103,202 Profit after taxes 2025: € 103,202 ▼ 79% vs 2024 (€ 487,591) Unfavourable step	▼ 79%
Equity	€ 8,522,533 Equity 2022: € 8,522,533 First fiscal year in the series	€ 8,280,896 Equity 2023: € 8,280,896 ▼ 3% vs 2022 (€ 8,522,533) Unfavourable step	€ 8,768,487 Equity 2024: € 8,768,487 ▲ 6% vs 2023 (€ 8,280,896) Favourable step	€ 8,871,688 Equity 2025: € 8,871,688 ▲ 1% vs 2024 (€ 8,768,487) Favourable step	▲ 1%
Total debts	€ 1,358,704 Total debts 2022: € 1,358,704 First fiscal year in the series	€ 1,126,786 Total debts 2023: € 1,126,786 ▼ 17% vs 2022 (€ 1,358,704) Favourable step	€ 3,693,862 Total debts 2024: € 3,693,862 ▲ 228% vs 2023 (€ 1,126,786) Unfavourable step	€ 3,842,367 Total debts 2025: € 3,842,367 ▲ 4% vs 2024 (€ 3,693,862) Unfavourable step	▲ 4%
Cash	€ 2,551,186 Cash 2022: € 2,551,186 First fiscal year in the series	€ 2,694,160 Cash 2023: € 2,694,160 ▲ 6% vs 2022 (€ 2,551,186) Favourable step	€ 1,692,871 Cash 2024: € 1,692,871 ▼ 37% vs 2023 (€ 2,694,160) Unfavourable step	€ 2,042,198 Cash 2025: € 2,042,198 ▲ 21% vs 2024 (€ 1,692,871) Favourable step	▲ 21%
Land & buildings	€ 676,259 Land & buildings 2022: € 676,259 First fiscal year in the series	€ 600,631 Land & buildings 2023: € 600,631 ▼ 11% vs 2022 (€ 676,259) Unchanged	€ 538,812 Land & buildings 2024: € 538,812 ▼ 10% vs 2023 (€ 600,631) Unchanged	€ 501,425 Land & buildings 2025: € 501,425 ▼ 7% vs 2024 (€ 538,812) Unchanged	▼ 7%
Retained profit	€ 8,447,533 Retained profit 2022: € 8,447,533 First fiscal year in the series	€ 8,205,896 Retained profit 2023: € 8,205,896 ▼ 3% vs 2022 (€ 8,447,533) Unfavourable step	€ 8,693,487 Retained profit 2024: € 8,693,487 ▲ 6% vs 2023 (€ 8,205,896) Favourable step	€ 8,796,688 Retained profit 2025: € 8,796,688 ▲ 1% vs 2024 (€ 8,693,487) Favourable step	▲ 1%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 2,600,000 Bank debt 2024: € 2,600,000 Unchanged (€ 0) Unfavourable step	€ 2,369,693 Bank debt 2025: € 2,369,693 ▼ 9% vs 2024 (€ 2,600,000) Favourable step	▼ 9%
Balance sheet total	€ 9,889,371 Balance sheet total 2022: € 9,889,371 First fiscal year in the series	€ 9,414,268 Balance sheet total 2023: € 9,414,268 ▼ 5% vs 2022 (€ 9,889,371) Unchanged	€ 12,467,388 Balance sheet total 2024: € 12,467,388 ▲ 32% vs 2023 (€ 9,414,268) Unchanged	€ 12,714,056 Balance sheet total 2025: € 12,714,056 ▲ 2% vs 2024 (€ 12,467,388) Unchanged	▲ 2%
Employees (FTE)	27.4 Employees (FTE) 2022: 27.4 First fiscal year in the series	24.9 Employees (FTE) 2023: 24.9 ▼ 2.5 vs 2022 (27.4) Unchanged	23.1 Employees (FTE) 2024: 23.1 ▼ 1.8 vs 2023 (24.9) Unchanged	23.9 Employees (FTE) 2025: 23.9 ▲ 0.8 vs 2024 (23.1) Unchanged	▲ 0.8

Key figures of FAVEERE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to FAVEERE?

What happened at FAVEERE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 GYFA NV stepped down as director. NBB
2029 TIMILA BV stepped down as director. NBB
2029 DIFA BV stepped down as director. NBB
Jul 13, 2026 New annual accounts for financial year 2025: profit of € 103,202 (▼ 79% vs 2024). Source: NBB ↗
2023 GYFA NV became a director. NBB
2023 TIMILA BV became a director. NBB
2023 DIFA BV became a director. NBB
Jan 1, 1968 Start of the company according to the CBE. KBO

In short

From € 976,041 profit in 2022 to € 103,202 profit in 2025.

Paid € 483,067 in corporate taxes since 2022.

Best year ever: 2022, with € 976,041 profit.

Pays suppliers within 20 days on average.

Original PDFs at the National Bank ↗

Management

TIMILA 38.9%

DIFA 38.9%

GYFA 19.3%

The stake of TIMILA, DIFA, GYFA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

FAVEERE

VANWAR 100%

The shares are held by TIMILA (38.9%), DIFA (38.9%) and GYFA (19.3%). It owns 100% of VANWAR itself.

Directors

According to the 2025 annual accounts

GYFA NV

Director · represented by FAVEERE Guy

Also active at: VANWAR

since 2023 · until 2029

TIMILA BV

Managing director · represented by FAVEERE Patrick

Also active at: VANWAR

since 2023 · until 2029

DIFA BV

Managing director · represented by FAVEERE Dick

Also active at: VANWAR

since 2023 · until 2029

Shareholders

TIMILA

38.9%

DIFA

38.9%

GYFA

19.3%

Participations

VANWAR

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Jan Borluutstraat 17

8790 Waregem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

VANWAR same network

€ 137,961 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS faveere.be

Canonical: https://www.faveere.be/

Technologies

AWS S3Adobe FontsContact Form 7DiviGoogle AnalyticsGoogle FontsGoogle MapsMailchimpNginxPHPSlickWooCommerceWordPressjQueryreCAPTCHA

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Website info

HTTPS Ja

Indexable pages 68

Languages FR, NL

Features

Webshop Newsletter

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number: 0405.413.676
VAT number: BE 0405.413.676
Registered office: Jan Borluutstraat 17, 8790 Waregem
Names & denominations: FAVEERE
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 1 January 1968
Peppol: Active · Active since 16 Sept 2025
Contact: faveere.be
Activities · NACE: Groothandel in ijzerwaren

View on CBE Public ↗ Annual accounts (NBB) ↗

FAVEERE

Financials

What happened to FAVEERE?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Website info

Features

Security

Network

Details

Frequently asked questions