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 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 30 April 2025 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2023
FAR CONSTRUCT from Menen, company number BE0892230348, closed financial year 2023 with a result of € -12,859 after tax. For that financial year FAR CONSTRUCT recorded a gross margin of € -11,855 and equity of € -1,803. Compared with financial year 2022, the result moved from € 8,376 to € -12,859. 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 January 30, 2024.
€ -1,803
▼ € 12,859 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,859
▼ still € 8,376 profit in 2022
Profit after tax over the fiscal year.
€ 999
▼ 95% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20,403.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 9,781
▼ 49% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 3,068
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 7,787 | € 12,147 | € -11,855 | ▼ € 24,003 |
| Profit after taxes | € 6,211 | € 8,376 | € -12,859 | ▼ € 21,235 |
| Equity | € 2,679 | € 11,056 | € -1,803 | ▼ € 12,859 |
| Total debts | € 11,811 | € 25,115 | € 16,298 | ▼ 35% |
| Cash | € 11,645 | € 20,772 | € 999 | ▼ 95% |
| Retained profit | € -15,921 | € -7,544 | € -20,403 | ▼ € 12,859 |
| Balance sheet total | € 14,490 | € 36,171 | € 14,495 | ▼ 60% |
Key figures of FAR CONSTRUCT, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 April 2025.
What happened to FAR CONSTRUCT?
What happened at FAR CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 12,859 (▼ € 21,235 vs 2022). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Wevelgem. KBO
In short
From € 6,211 profit in 2021 to € 12,859 loss in 2023.
Paid € 3,840 in corporate taxes since 2021.
Best year ever: 2022, with € 8,376 profit.
Management
Behind FAR CONSTRUCT is Mihai SIRBU. Mihai SIRBU is also behind EUROPEAN BUILDING CONTRACTORS.
Directors
According to the 2023 annual accounts
Establishments
Establishment units
Physical locations of this company
Kon. Albertstraat 36
8930 Menen
Vlamingstraat 4
8560 Wevelgem
Active since 20 September 2007
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0892.230.348
- VAT number
- BE 0892.230.348
- Registered office
- Kon. Albertstraat 36, 8930 Menen
- Names & denominations
- FAR CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 2007
- Peppol
- Not registered