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 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FAMO from Gistel, company number BE0475995529, closed financial year 2025 with a result of € 31,885 after tax. For that financial year FAMO recorded a gross margin of € 64,702 and equity of € 48,372. Compared with financial year 2024, the result moved from € 57,011 to € 31,885. 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 August 31, 2026.
€ 48,372
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,885
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 7,087
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 24,000 paid out
75 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 6,464
▼ 27% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,910
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2,338
Loans from banks and other lenders, long and short.
€ 17,955
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,853
▲ 66% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 13,507 | € 2,805 | € 84,683 | € 64,702 | ▼ 24% |
| Profit after taxes | € -6,468 | € -19,476 | € 57,011 | € 31,885 | ▼ 44% |
| Equity | € 37,953 | € 18,476 | € 40,487 | € 48,372 | ▲ 19% |
| Total debts | € 18,553 | € 51,989 | € 59,299 | € 58,146 | ▼ 2% |
| Cash | € 11,637 | € 6,941 | € 19,634 | € 7,087 | ▼ 64% |
| Retained profit | € 19,353 | € -124 | € 21,887 | € 29,772 | ▲ 36% |
| Dividend | € 0 | € 0 | € 35,000 | € 24,000 | ▼ 31% |
| Bank debt | € 1,275 | € 3,731 | € 0 | € 2,338 | |
| Balance sheet total | € 56,505 | € 70,465 | € 99,786 | € 106,518 | ▲ 7% |
Key figures of FAMO, 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 FAMO?
What happened at FAMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,885 (▼ 44% vs 2024). filed late Source: NBB ↗
- Michel Verstraete became a director. NBB
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,468 loss in 2022 to € 31,885 profit in 2025.
Paid € 9,480 in corporate taxes since 2022.
Best year ever: 2024, with € 57,011 profit.
Paid out € 59,000 in dividends to the owners in total.
Management
Behind FAMO are Michel Verstraete and Fatima FATIMA FTITA.
Directors
According to the 2025 annual accounts
Michel Verstraete
Administrator-manager
since 2003
Fatima FATIMA FTITA
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Abdijstraat 29
8470 Gistel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.995.529
- VAT number
- BE 0475.995.529
- Registered office
- Abdijstraat 29, 8470 Gistel
- Names & denominations
- FAMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 2001
- Peppol
- Active · Active since 11 Feb 2026
- Activities · NACE
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