Financials
Financial year 2025
FAES WORKS from Gent, company number BE0667586266, closed financial year 2025 with a result of € 601 after tax. For that financial year FAES WORKS recorded a gross margin of € 5,772 and equity of € 18,600. Compared with financial year 2024, the result moved from € -22,170 to € 601. Profitable, and profit is growing. 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 June 19, 2026.
€ 18,600
▼ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 601
▲ still € 22,170 loss in 2024
Profit after tax over the fiscal year.
€ 11,369
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13,437 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 8,484
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 376
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 335
▼ 84% 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 | € 122,277 | € 94,078 | € -15,879 | € 5,772 | ▲ € 21,651 |
| Profit after taxes | € 90,222 | € 69,505 | € -22,170 | € 601 | ▲ € 22,771 |
| Equity | € 18,600 | € 53,605 | € 31,436 | € 18,600 | ▼ 41% |
| Total debts | € 133,096 | € 110,887 | € 24,463 | € 32,390 | ▲ 32% |
| Cash | € 90,366 | € 90,332 | € 10,115 | € 11,369 | ▲ 12% |
| Retained profit | € 0 | € 35,005 | € 12,836 | € 0 | ▼ 100% |
| Dividend | € 72,783 | € 34,500 | € 0 | € 13,437 | |
| Bank debt | € 0 | € 0 | € 1,690 | € 0 | ▼ 100% |
| Balance sheet total | € 151,696 | € 164,493 | € 55,899 | € 50,990 | ▼ 9% |
Key figures of FAES WORKS, 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 FAES WORKS?
What happened at FAES WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 601. Source: NBB ↗
- New establishment in Gent. KBO
- Philippe Faes became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 90,222 profit in 2022 to € 601 profit in 2025.
Paid € 50,798 in corporate taxes since 2022.
Best year ever: 2022, with € 90,222 profit.
Paid out € 120,720 in dividends to the owners in total.
Management
Behind FAES WORKS is Philippe Faes.
Directors
According to the 2025 annual accounts
Philippe Faes
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Aaigemstraat 123
9000 Gent
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0667.586.266
- VAT number
- BE 0667.586.266
- Registered office
- Aaigemstraat 123, 9000 Gent
- Names & denominations
- FAES WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2016
- Peppol
- Active · Active since 5 Jan 2026
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