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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Fassado from Gent, company number BE0700617934, closed financial year 2025 with a result of € -16,154 after tax. For that financial year Fassado recorded a gross margin of € 129,756 and equity of € -13,745. Compared with financial year 2024, the result moved from € 52,140 to € -16,154. 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 June 30, 2026.
€ -13,745
▼ € 16,154 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,154
▼ still € 52,140 profit in 2024
Profit after tax over the fiscal year.
€ 5,924
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19,945.
People and assets in 2025
2.3
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 126,551
▼ 9% vs 2024
€ 55,000 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.
€ 12,902
▼ 40% vs 2024
Of which on lease € 10,368.
Debts at end 2025
€ 12,158
▼ 47% vs 2024
€ 6,153 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 370,850
▲ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,793
▲ 67% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 217,466 | € 230,066 | € 226,657 | € 129,756 | ▼ 43% |
| Profit after taxes | € -1,784 | € -53,649 | € 52,140 | € -16,154 | ▼ € 68,295 |
| Equity | € 3,918 | € -49,731 | € 2,409 | € -13,745 | ▼ € 16,154 |
| Total debts | € 237,711 | € 418,194 | € 329,332 | € 467,484 | ▲ 42% |
| Cash | € 399 | € 16,997 | € 54,540 | € 5,924 | ▼ 89% |
| Retained profit | € -2,282 | € -55,931 | € -3,791 | € -19,945 | ▼ € 16,154 |
| Bank debt | € 41,665 | € 30,213 | € 23,060 | € 12,158 | ▼ 47% |
| Balance sheet total | € 241,629 | € 368,463 | € 331,741 | € 453,738 | ▲ 37% |
| Employees (FTE) | - | - | 3 | 2.3 | ▼ 0.7 |
Key figures of Fassado, 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 Fassado?
What happened at Fassado in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,154 (▼ € 68,295 vs 2024). Source: NBB ↗
- Macy became a director. NBB
- New establishment in Affligem. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,784 loss in 2022 to € 16,154 loss in 2025.
Paid € 12,016 in corporate taxes since 2022.
Best year ever: 2024, with € 52,140 profit.
On average € 56,400 of value added per employee in 2025.
Management
Behind Fassado is Macy. The shares are held by Solusio.
Directors
According to the 2025 annual accounts
Director · represented by Frederik De Buck
Holds a stake via Solusio
Also active at: VOCHTPROTECT, SOLUSIO, TIBAS
since 2023
Shareholders
Solusio · holding of Macy
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nieuwescheldestraat 1-3
9052 Gent
Nieuwescheldestraat 1
9052 Gent
Active since 2 August 2018
Schaapschuur 5 box 1
1790 Affligem
Active since 13 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0700.617.934
- VAT number
- BE 0700.617.934
- Registered office
- Nieuwescheldestraat 1-3, 9052 Gent
- Names & denominations
- Fassado
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2018
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige reiniging van gebouwen; industriële reiniging
Overige gespecialiseerde bouwwerkzaamheden
Gevelreiniging
Metselwerk
Uitvoeren van metsel- en voegwerken