Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Favarge from Kortrijk, company number BE0676991605, closed financial year 2025 with a result of € -145,453 after tax. For that financial year Favarge recorded a gross margin of € -101,864 and equity of € 604,479. Compared with financial year 2024, the result moved from € -90,497 to € -145,453. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 604,479
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -145,453
▼ 61 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10,877
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -895,521.
People and assets in 2025
€ 15,883
▲ 277% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.5 million
▲ 73% vs 2024
€ 97,520 is repaid this year. At this pace the long-term loan is gone in ≈ 67 years.
€ 99,989
▲ € 99,404 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,000
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -45,953 | € -151,543 | € -78,772 | € -101,864 | ▼ € 23,092 |
| Profit after taxes | € -66,397 | € -157,639 | € -90,497 | € -145,453 | ▼ € 54,956 |
| Equity | € 998,069 | € 840,429 | € 749,932 | € 604,479 | ▼ 19% |
| Total debts | € 1,855,924 | € 2,107,879 | € 3,782,271 | € 6,676,464 | ▲ 77% |
| Cash | € 16,350 | € 8,970 | € 526,219 | € 10,877 | ▼ 98% |
| Land & buildings | € 1,738,818 | € 1,738,818 | € 1,873,774 | € 7,160,336 | ▲ 282% |
| Retained profit | € -501,931 | € -659,571 | € -750,068 | € -895,521 | ▼ € 145,453 |
| Bank debt | € 1,800,000 | € 2,036,000 | € 3,766,686 | € 6,505,427 | ▲ 73% |
| Balance sheet total | € 2,853,993 | € 2,948,308 | € 4,532,203 | € 7,280,943 | ▲ 61% |
Key figures of Favarge, 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 Favarge?
What happened at Favarge in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 145,453. Source: NBB ↗
- New establishment in Braine-le-Comte. KBO
- New establishment in Kortrijk. KBO
- Akissi Kouassi became a director. NBB
- Thierry Dumortier became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 66,397 loss in 2022 to € 145,453 loss in 2025.
Paid € 810 in corporate taxes since 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Favarge are Akissi Kouassi and Thierry Dumortier.
Directors
According to the 2025 annual accounts
Akissi Kouassi
Director
since 2017
Thierry Dumortier
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Marktstraat(Mar) 119
8510 Kortrijk
Favarge 42
7090 Braine-le-Comte
Active since 1 April 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
AUTOMATTIC - Automattic, Inc, US
Website info
Features
Security
Network
Details
- Company number
- 0676.991.605
- VAT number
- BE 0676.991.605
- Registered office
- Marktstraat(Mar) 119, 8510 Kortrijk
- Names & denominations
- Favarge
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 2017
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- favarge.be
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Vakantieverblijven en andere accommodatie voor kort verblijf, neg