Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2026; threshold 65 %.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2026.
-
Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
FAMCO from Brussel, company number BE0477805271, closed financial year 2026 with a result of € -258,254 after tax. For that financial year FAMCO recorded a gross margin of € 644 and equity of € -532,139. Compared with financial year 2025, the result moved from € -590 to € -258,254. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ -532,139
▼ € 258,254 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -258,254
▼ 43655 % more loss than in 2025
Profit after tax over the fiscal year.
€ 851
▼ 28% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -594,139.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -221 | € -1,429 | € -85 | € 644 | ▲ € 729 |
| Profit after taxes | € -996 | € -2,331 | € -590 | € -258,254 | ▼ € 257,664 |
| Equity | € -270,963 | € -273,294 | € -273,884 | € -532,139 | ▼ € 258,254 |
| Total debts | € 535,771 | € 536,678 | € 536,331 | € 535,599 | |
| Cash | € 4,360 | € 2,126 | € 1,189 | € 851 | ▼ 28% |
| Retained profit | € -332,963 | € -335,294 | € -335,884 | € -594,139 | ▼ € 258,254 |
| Balance sheet total | € 264,808 | € 263,384 | € 262,446 | € 3,460 | ▼ 99% |
Key figures of FAMCO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to FAMCO?
What happened at FAMCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dan APPELSTEIN stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 258,254. filed late Source: NBB ↗
- Dan APPELSTEIN became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 996 loss in 2023 to € 258,254 loss in 2026.
Management
Behind FAMCO is Stephan JEGER. Stephan JEGER is also behind STEINCO, IMMO APPELS, A & S DISTRIBUTION, L&L RETAIL BELGIUM and ARTEMIS PROPERTY.
Directors
According to the 2026 annual accounts
Stephan JEGER
Managing director
Also active at: STEINCO, IMMO APPELS, A & S DISTRIBUTION, L&L RETAIL BELGIUM, ARTEMIS PROPERTY, QS LOGISTICS, OPALINE BELGIUM, ALPHASTEIN +4 more
Dan APPELSTEIN
Director
Also active at: BLUE STORES, L&L RETAIL BELGIUM, QS LOGISTICS, STEINCO, ALIVNOT, PP RETAIL HOLDING, ALIVSTONE
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Zaterdagplein 1
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →BLUE STORES same network
€ 54.4 million revenue · 2026
IMMO APPELS same network
€ 946,093 gross margin · 2025
A & S DISTRIBUTION same network
€ 562,313 gross margin · 2025
L&L RETAIL BELGIUM same network
€ 72.6 million revenue · 2026
LMServices
€ -18,655 gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.805.271
- VAT number
- BE 0477.805.271
- Registered office
- Zaterdagplein 1, 1000 Brussel
- Names & denominations
- FAMCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 2002
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)
Detailhandel in schoeisel
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
Detailhandel in lederwaren en reisartikelen
Handelsbemiddeling in textiel, kleding, schoeisel en artikelen van leer