Bankrupt · Opening faillissement (CBE)
FOFAN logo

FOFAN

BE0550636930

Rechtspersoon Private limited company 1 establishment

FOFAN is a plastics manufacturer in Ardooie. Private Limited, started on 9 April 2014, 1 establishment.

Oostlaan 1 box 1, 8850 Ardooie fofan.be [email protected]

Start date

9 April 2014

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Tight liquidity NBB

    Cash and receivables cover 51 % of short-term debt in 2024; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2024

FOFAN from Ardooie, company number BE0550636930, closed financial year 2024 with a result of € -213,832 after tax. For that financial year FOFAN recorded a gross margin of € 595,857 and equity of € 485,562. Compared with financial year 2023, the result moved from € 12,670 to € -213,832. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.

What it is worth Healthy

€ 485,562

▼ 31% vs 2023

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

Loss Caution

€ -213,832

▼ still € 12,670 profit in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 12,577

▼ 88% vs 2023

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 466,962.

People and assets in 2024

Full-time equivalents

10.5

▲ 1.2 vs 2023

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

Wage cost

€ 733,371

▲ 27% vs 2023

€ 69,800 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

€ 37,793

▼ 37% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 4 years to go

€ 326,747

▼ 3% vs 2023

€ 7,468 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 389,871

▼ 31% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 60,466

▼ 74% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
2021202220232024Change 2023 → 2024
Gross margin € 736,168 € 1,411,937 € 664,229 € 595,857 ▼ 10%
Profit after taxes € 268,776 € 728,128 € 12,670 € -213,832 ▼ € 226,502
Equity € 293,896 € 686,724 € 699,394 € 485,562 ▼ 31%
Total debts € 2,216,314 € 1,604,761 € 1,199,533 € 817,192 ▼ 32%
Cash € 421,494 € 471,024 € 104,905 € 12,577 ▼ 88%
Land & buildings € 1,005,200 € 947,525 € 6,662 € 3,913 ▼ 41%
Retained profit € 275,296 € 668,124 € 680,794 € 466,962 ▼ 31%
Dividend € 0 € 335,300 € 0 € 0
Bank debt € 1,114,506 € 1,025,619 € 335,885 € 326,747 ▼ 3%
Balance sheet total € 2,510,210 € 2,291,485 € 1,898,928 € 1,302,754 ▼ 31%
Employees (FTE) 5.2 6.3 9.3 10.5 ▲ 1.2

Key figures of FOFAN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to FOFAN?

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

FOFAN is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2024: loss of € 213,832 (▼ € 226,502 vs 2023). filed late Source: NBB ↗
  • New establishment in Roeselare. KBO
  • Start of the company according to the CBE. KBO

In short

From € 268,776 profit in 2021 to € 213,832 loss in 2024.

Paid € 345,964 in corporate taxes since 2021.

Best year ever: 2022, with € 728,128 profit.

On average € 56,700 of value added per employee in 2024.

Establishments

Establishment units

Physical locations of this company

Registered office

Oostlaan 1 box 1

8850 Ardooie

2.229.656.450

Kruisboommolenstraat 7a box 7

8800 Roeselare

Active since 9 April 2014

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 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
0550.636.930
VAT number
BE 0550.636.930
Registered office
Oostlaan 1 bus 1, 8850 Ardooie
Names & denominations
FOFAN
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
9 April 2014
Peppol
Active · Active since 17 Jul 2026
Activities · NACE

Vervaardiging van kunststofartikelen voor de bouw

Frequently asked questions

What does FOFAN do?
FOFAN is a plastics manufacturer in Ardooie. Private Limited, started on 9 April 2014, 1 establishment.
What is the address of FOFAN?
The registered office of FOFAN is located at Oostlaan 1 box 1, 8850 Ardooie.
Is FOFAN still active?
No. The CBE lists FOFAN with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is FOFAN registered on Peppol?
Yes, FOFAN is registered on the Peppol network with ID 0208:0550636930.
What is the enterprise number of FOFAN?
The enterprise number of FOFAN is BE0550636930.
When was FOFAN founded?
FOFAN was founded on 9 April 2014.