ACTIVE

FARO

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Financial year 2025 · closed on 31/12/2025

Net result

313 €

-97.4% YoY

Gross margin

92,3 k €

-27.1% YoY

Equity

806,1 k €

+0.0% YoY

Workforce

0,7 ETP

+16.7% YoY

What does FARO do?

FARO is a Public limited company incorporated in 1991. Its registered office is in Forest. It employs on average 0,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.963.735

Incorporation

13/12/1991

Legal form

Public limited company

Registered office

Av Maréchal Joffre 80
1190 Forest · BruxellesSee on map

Contributed capital

411 973,00 €

Latest accounts

31/12/2025

Average workforce

0,7 ETP

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	92,3 k €	-27.1%	126,6 k €	+22.2%	103,6 k €	-3.8%	107,7 k €	+13.6%	94,8 k €	-1.9%	96,6 k €	+8.6%	89 k €	-31.5%	129,9 k €	+107%	62,9 k €	-39.2%	103,4 k €	-3.2%	106,8 k €	+10.9%	96,3 k €	-21.0%	122 k €	+11.4%	109,5 k €	+1.8%	107,5 k €	+40.3%	76,6 k €	+71.1%	44,8 k €	+34.1%	33,4 k €	+58.8%	21 k €
EBITDA	69,2 k €	-19.5%	85,9 k €	+23.0%	69,9 k €	-24.3%	92,3 k €	+5.1%	87,9 k €	-2.1%	89,8 k €	+0.9%	89 k €	-27.8%	123,2 k €	+119%	56,3 k €	-37.7%	90,3 k €	-11.1%	101,6 k €	+8.7%	93,5 k €	-15.2%	110,2 k €	+5.3%	104,6 k €	+1.9%	102,7 k €	+36.3%	75,4 k €	+72.8%	43,6 k €	+43.9%	30,3 k €	+70.0%	17,8 k €
Operating result	14,2 k €	-39.7%	23,5 k €	+85.3%	12,7 k €	-63.7%	35 k €	+7.1%	32,6 k €	+41.4%	23,1 k €	+2.2%	22,6 k €	-60.2%	56,8 k €	+542%	-12,9 k €	-140%	32,6 k €	-25.8%	43,9 k €	+22.8%	35,7 k €	-31.5%	52,2 k €	+20.0%	43,5 k €	+12.1%	38,8 k €	+22.4%	31,7 k €	+95.7%	16,2 k €	+49.6%	10,8 k €	+188%	-12,3 k €
Net result	313 €	-97.4%	12,1 k €	+5291%	-233 €	-101%	18 k €	+496%	3 k €	-27.1%	4,1 k €	-81.0%	21,8 k €	-61.2%	56,2 k €	+514%	-13,6 k €	-460%	3,8 k €	-62.4%	10 k €	+1309%	712 €	-90.8%	7,7 k €	+882%	784 €	+117%	-4,6 k €	-370%	1,7 k €	+695%	213 €	+115%	-1,5 k €	+96.0%	-36,8 k €
Balance sheet
Equity	806,1 k €	+0.0%	805,7 k €	+75.1%	460,2 k €	-0.1%	460,5 k €	+4.1%	442,5 k €	+0.7%	439,3 k €	+1.0%	435,1 k €	+5.3%	413,3 k €	+15.7%	357,1 k €	-6.7%	382,8 k €	+1.0%	379,1 k €	+2.7%	369 k €	+0.2%	368,3 k €	+2.9%	358 k €	+0.2%	357,2 k €	-1.3%	361,8 k €	+0.5%	360,1 k €	+0.1%	359,9 k €	-0.4%	361,4 k €
Total assets	1,4 M €	-5.0%	1,5 M €	+43.4%	1 M €	-2.6%	1,1 M €	-1.6%	1,1 M €	-6.1%	1,1 M €	-2.0%	1,2 M €	-4.0%	1,2 M €	-2.1%	1,2 M €	-4.0%	1,3 M €	-6.5%	1,4 M €	-5.1%	1,5 M €	-4.3%	1,5 M €	-3.9%	1,6 M €	-2.0%	1,6 M €	-8.5%	1,8 M €	+188%	612,5 k €	+3.7%	590,5 k €	-2.5%	605,8 k €
Cash	1,1 k €	-6.7%	1,1 k €	+945%	109 €	-79.6%	534 €	+77.4%	301 €	-83.2%	1,8 k €	+224%	552 €	-73.0%	2 k €		–		–		–		17 €	+6.3%	16 €	-77.8%	72 €	+324%	17 €	0.0%	17 €	0.0%	17 €		–		1,4 k €
Debts	508,9 k €	-12.4%	580,7 k €	+2.5%	566,6 k €	-3.7%	588,3 k €	-6.2%	627,3 k €	-10.1%	697,9 k €	-4.3%	729,3 k €	-8.8%	799,9 k €	-9.3%	882 k €	-2.8%	907,8 k €	-9.3%	1 M €	-7.8%	1,1 M €	-5.8%	1,2 M €	-5.9%	1,2 M €	-2.6%	1,3 M €	-9.7%	1,4 M €	+451%	252,4 k €	+9.4%	230,6 k €	-5.6%	244,4 k €
Other
Workforce	0,7 ETP	+16.7%	0,6 ETP	0.0%	0,6 ETP	+50.0%	0,4 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

OLIVIER NAOS

Director · since 16 novembre 2014 · until 06 juin 2024

Active

DOMINIQUE DE COSTER

Managing director · since 16 novembre 2004 · until 06 juin 2024

Active

GREGORY NAOS

Director · until 06 juin 2024

Active

Ended mandates

OLIVIER NAOS

Director · since 16 novembre 2014

Ended

DOMINIQUE DE COSTER

Managing director · since 16 novembre 2004

Ended

DOMINIQUE DE COSTER

Mandate

Ended

OLIVIER NAOS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
Association Des Copropriétaires à Forest avenue Maréchal Joffre n°80● Active	0874.237.838
NEOCOM● Active	0461.577.567

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/09/2026	13/08/2025	31/08/2024	22/08/2023	05/08/2022	28/09/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	14/09/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	13/08/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	31/08/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	22/08/2023	French	PDF
Abridged model	31/12/2021	06/06/2022	05/08/2022	French	PDF
Micro model	31/12/2020	07/06/2021	28/09/2021	French	PDF
Micro model	31/12/2019	22/06/2020	30/10/2020	French	PDF
Micro model	31/12/2018	03/06/2019	30/09/2019	French	PDF
Micro model	31/12/2017	01/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	02/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	21/09/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	29/10/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	01/09/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	30/09/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	01/12/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	30/12/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	06/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

OLIVIER NAOS

Director · since 16 novembre 2014 · until 06 juin 2024

Active

DOMINIQUE DE COSTER

Managing director · since 16 novembre 2004 · until 06 juin 2024

Active

GREGORY NAOS

Director · until 06 juin 2024

Active

Ended mandates

OLIVIER NAOS

Director · since 16 novembre 2014

Ended

DOMINIQUE DE COSTER

Managing director · since 16 novembre 2004

Ended

DOMINIQUE DE COSTER

Mandate

Ended

OLIVIER NAOS

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates17/04/2014
DEMISSIONS, NOMINATIONS
PDF
Other10/01/2008
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates07/11/2007
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/07/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office09/12/2004
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025313 €↓
2024
Annual accounts 202412,1 k €↑
2023
Annual accounts 2023-233 €↓
2022
Annual accounts 202218 k €↑
2021
Annual accounts 20213 k €↓
2020
Annual accounts 20204,1 k €↓
2019
Annual accounts 201921,8 k €↓
2018
Annual accounts 201856,2 k €↑
2017
Annual accounts 2017-13,6 k €↓
2015
Annual accounts 20153,8 k €↓
2014
Annual accounts 201410 k €↑
2013
Annual accounts 2013712 €↓
2012
Annual accounts 20127,7 k €↑
2011
Annual accounts 2011784 €↑
2010
Annual accounts 2010-4,6 k €↓
2009
Annual accounts 20091,7 k €↑
2008
Annual accounts 2008213 €↑
2007
Annual accounts 2007-1,5 k €↑
2006
Annual accounts 2006-36,8 k €
13/12/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FARO

Overview

What does FARO do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline