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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
44 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FAROW from Hasselt, company number BE0676380406, closed financial year 2025 with a result of € -283,274 after tax. For that financial year FAROW recorded a gross margin of € -217,936 and equity of € 839,998. Compared with financial year 2024, the result moved from € -100,172 to € -283,274. The company made a loss. 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 June 1, 2026.
€ 839,998
▲ € 1.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -283,274
▼ 183 % more loss than in 2024
Profit after tax over the fiscal year.
€ 20,715
▼ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
0.3
Average over the fiscal year, from the social balance sheet.
€ 17,310
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 143,297
▼ 80% vs 2024
€ 53,323 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 63,583
▲ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,528
▲ € 2,466 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -16,078 | € -16,622 | € -74,005 | € -217,936 | ▼ € 143,931 |
| Profit after taxes | € -58,610 | € -45,189 | € -100,172 | € -283,274 | ▼ € 183,102 |
| Equity | € -358,812 | € -404,001 | € -504,173 | € 839,998 | ▲ € 1.3 million |
| Total debts | € 390,884 | € 698,163 | € 772,266 | € 210,909 | ▼ 73% |
| Cash | € 5,991 | € 131,039 | € 125,060 | € 20,715 | ▼ 83% |
| Retained profit | € -748,445 | € -793,634 | € -893,806 | € -1,177,080 | ▼ € 283,274 |
| Bank debt | € 355,216 | € 646,199 | € 730,235 | € 143,297 | ▼ 80% |
| Balance sheet total | € 32,073 | € 294,161 | € 268,093 | € 1,050,907 | ▲ 292% |
| Employees (FTE) | - | 0 | 0 | 0.3 |
Key figures of FAROW, 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 FAROW?
What happened at FAROW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Willem Eeraerts stepped down as director. NBB
- Niels Diepvens stepped down as director. NBB
- Tim Buckinx stepped down as director. NBB
- Wilfried Vancraen stepped down as director. NBB
- Patrick Hellemans stepped down as director. NBB
- Rosalie Declercq stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 283,274. Source: NBB ↗
- Dirk Loeckx stepped down as director. NBB
In short
From € 58,610 loss in 2022 to € 283,274 loss in 2025.
Paid € 529 in corporate taxes since 2022.
Management
The stake of LUNEBEKE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FAROWThe shares are held by LUNEBEKE (5.2%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Wilfried Vancraen
Director
since 2025 · until 2031
Patrick Hellemans
Director
since 2025 · until 2031
Rosalie Declercq
Director
Also active at: FABIOLA, POSEIDON, ZEEWIND, DEBOFIN, LALOBA INVESTING, OSTENDIA GROEP, OSTENDIA CONSTRUCT
since 2025 · until 2031
Willem Eeraerts
Director
since 2025 · until 2031
Niels Diepvens
Director
Also active at: BAO HOUSE, JNR Investment, Trade & Management Services, AEROBEL, Vensius Capital and Global services, Vensius, Co-Laden, Mastery Capital, ENTREVEST
since 2025 · until 2031
Shareholders
5.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kempische steenweg 303 box 200
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 44 companies are registered at this address.
All companies at this address →LIMBURG DIEPENBEEK CAMPUS
€ 177,100 revenue · 2025
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€ 3.2 million gross margin · 2025
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€ 996,048 gross margin · 2025
Quinta Essentia Software Development
€ 269,005 gross margin · 2025
BCT
€ 213,880 gross margin · 2024
+39 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
- 0676.380.406
- VAT number
- BE 0676.380.406
- Registered office
- Kempische steenweg 303 bus 200, 3500 Hasselt
- Names & denominations
- FAROW
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 2017
- Peppol
- Active · Active since 13 Oct 2025
- Activities · NACE
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