Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
FARGO from Lasne, company number BE0464640193, closed financial year 2025 with a result of € 20,561 after tax. For that financial year FARGO recorded revenue of € 102,401 and equity of € 146,714. Compared with financial year 2024, the result moved from € -23,391 to € 20,561. Profitable, and profit is growing. 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 August 31, 2026.
€ 146,714
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,561
▲ still € 23,391 loss in 2024
Profit after tax over the fiscal year.
€ 8,162
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 87,990.
Debts at end 2025
€ 118,573
▼ 16% vs 2024
€ 23,554 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 111
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,750
▼ 80% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 98,299 | € 114,720 | € 92,141 | € 102,401 | ▲ 11% |
| Gross margin | € 63,841 | € 128,080 | € 155 | € 49,499 | ▲ € 49,344 |
| Profit after taxes | € 29,615 | € 72,691 | € -23,391 | € 20,561 | ▲ € 43,951 |
| Equity | € 76,853 | € 149,544 | € 126,153 | € 146,714 | ▲ 16% |
| Total debts | € 401,454 | € 209,636 | € 208,843 | € 141,276 | ▼ 32% |
| Cash | € 22,854 | € 113,918 | € 87,698 | € 8,162 | ▼ 91% |
| Land & buildings | € 433,199 | € 204,942 | € 196,036 | € 187,130 | ▼ 5% |
| Retained profit | € 18,253 | € 90,820 | € 67,429 | € 87,990 | ▲ 30% |
| Bank debt | € 371,863 | € 162,329 | € 140,991 | € 118,573 | ▼ 16% |
| Balance sheet total | € 478,307 | € 359,180 | € 334,996 | € 287,990 | ▼ 14% |
Key figures of FARGO, 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 FARGO?
What happened at FARGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,561. filed late Source: NBB ↗
- New establishment in Lasne. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,615 profit in 2022 to € 20,561 profit in 2025.
Paid € 30,167 in corporate taxes since 2022.
Best year ever: 2023, with € 72,691 profit.
Management
Behind FARGO are JOSEPH GIAMMORCARO and CEDRIC ANCIAUX. JOSEPH GIAMMORCARO is also behind BROKEN FLOWERS. CEDRIC ANCIAUX is also behind Forsok, ETABLISSEMENTS KOOB et fils, SYMENS CYCLOS SERVICES, PAIX 14 and THAITRUCK.
Directors
According to the 2025 annual accounts
CEDRIC ANCIAUX
Manager
Also active at: Forsok, ETABLISSEMENTS KOOB et fils, SYMENS CYCLOS SERVICES, PAIX 14, THAITRUCK
Establishments
Establishment units
Physical locations of this company
Chemin du Moulin 22
1380 Lasne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.640.193
- VAT number
- BE 0464.640.193
- Registered office
- Chemin du Moulin 22, 1380 Lasne
- Names & denominations
- FARGO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 November 1998
- Peppol
- Not registered
- Activities · NACE
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