FARES
0466.023.830 · rovalta.com · 21/09/2026
ACTIVE
FARES
Financial year 2025 · closed on 31/12/2025
Net result
-3,5 k €
-132.0% YoY
Gross margin
44,3 k €
-12.8% YoY
Equity
568,4 k €
-31.2% YoY
Overview
What does FARES do?
FARES is a Private limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0466.023.830
Incorporation
30/04/1999
Legal form
Private limited company
Registered office
Amerikalei 33 box 301
2000 Antwerpen · FlandreSee on map
2000 Antwerpen · FlandreSee on map
Contributed capital
343 544,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
Solid equityLow riskPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 44,3 k € | -12.8% | 50,8 k € | +3.5% | 49 k € | +64.2% | 29,9 k € | -69.2% | 96,8 k € | +38.4% | 69,9 k € | +19.7% | 58,4 k € | +33.2% | 43,9 k € | -65.6% | 127,4 k € | -20.1% | 159,4 k € | +24.4% | 128,2 k € | -5.1% | 135,1 k € | +6.9% | 126,4 k € | +16.4% | 108,6 k € | +61.6% | 67,2 k € | -33.8% | 101,5 k € | +204% | 33,4 k € | -58.4% | 80,4 k € | -44.6% | 144,9 k € | +690% | 18,3 k € |
| EBITDA | 36,9 k € | -17.3% | 44,6 k € | +4.8% | 42,6 k € | +87.0% | 22,8 k € | -75.5% | 93,1 k € | +51.7% | 61,3 k € | +34.9% | 45,5 k € | +22.5% | 37,1 k € | -69.0% | 119,7 k € | -21.5% | 152,4 k € | +25.4% | 121,5 k € | -6.5% | 129,9 k € | +7.6% | 120,8 k € | -10.0% | 134,3 k € | +239% | 39,6 k € | -59.4% | 97,5 k € | +228% | 29,8 k € | -68.4% | 94,3 k € | -33.5% | 141,8 k € | +11955% | 1,2 k € |
| Operating result | -9,9 k € | -838% | 1,3 k € | -1.9% | 1,4 k € | +108% | -18 k € | -133% | 54,2 k € | +149% | 21,7 k € | +212430% | -10,2 € | +99.9% | -8,4 k € | -112% | 71,5 k € | -24.4% | 94,6 k € | +7.1% | 88,3 k € | -14.3% | 103 k € | +10.3% | 93,4 k € | -21.9% | 119,5 k € | +385% | 24,7 k € | -69.7% | 81,5 k € | +506% | 13,4 k € | -83.7% | 82,8 k € | -36.5% | 130,3 k € | +1690% | -8,2 k € |
| Net result | -3,5 k € | -132% | 10,8 k € | -49.7% | 21,6 k € | +697% | -3,6 k € | -111% | 33,9 k € | +22.2% | 27,8 k € | +282% | -15,3 k € | -140% | 38,1 k € | -10.1% | 42,4 k € | -9.0% | 46,6 k € | -12.5% | 53,2 k € | -15.0% | 62,6 k € | +66.1% | 37,7 k € | -44.9% | 68,4 k € | +3.8% | 65,9 k € | +6.1% | 62,1 k € | +223% | 19,2 k € | -70.9% | 65,9 k € | -31.2% | 95,8 k € | +1542% | -6,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 568,4 k € | -31.2% | 826,5 k € | +1.3% | 815,7 k € | +2.7% | 794,1 k € | -0.5% | 797,7 k € | +4.4% | 763,8 k € | +3.8% | 736 k € | -2.0% | 751,3 k € | +5.3% | 713,2 k € | +6.3% | 670,8 k € | +7.5% | 624,3 k € | +9.3% | 571,1 k € | +12.3% | 508,5 k € | +2.6% | 495,8 k € | +16.0% | 427,4 k € | +18.2% | 361,5 k € | +20.7% | 299,5 k € | +6.8% | 280,3 k € | +19.6% | 234,4 k € | +69.2% | 138,5 k € |
| Total assets | 861,5 k € | +0.3% | 858,6 k € | -27.7% | 1,2 M € | -1.9% | 1,2 M € | -7.9% | 1,3 M € | -0.3% | 1,3 M € | -61.3% | 3,4 M € | +221% | 1,1 M € | +2.2% | 1 M € | -7.1% | 1,1 M € | -1.0% | 1,1 M € | +42.5% | 793 k € | +6.0% | 747,7 k € | -26.9% | 1 M € | +3.8% | 985,1 k € | +138% | 413,9 k € | +23.1% | 336,2 k € | -33.2% | 503,3 k € | -5.8% | 534,3 k € | -8.1% | 581,2 k € |
| Cash | 28,2 k € | -27.7% | 39 k € | -47.8% | 74,7 k € | +7.5% | 69,5 k € | -48.1% | 134 k € | +188% | 46,5 k € | -14.7% | 54,5 k € | -77.1% | 238,3 k € | +182% | 84,5 k € | -1.5% | 85,7 k € | +240% | 25,2 k € | -92.7% | 345,7 k € | +33.2% | 259,6 k € | +298% | 65,2 k € | -22.2% | 83,8 k € | -73.5% | 316,3 k € | +79.4% | 176,3 k € | -35.9% | 275,1 k € | +29.5% | 212,5 k € | +30.2% | 163,2 k € |
| Debts | 270,8 k € | +4948% | 5,4 k € | -98.5% | 348 k € | -11.2% | 391,7 k € | -20.4% | 491,8 k € | -9.2% | 541,7 k € | -79.6% | 2,7 M € | +798% | 295,4 k € | +3.2% | 286,3 k € | -29.4% | 405,7 k € | -15.9% | 482,4 k € | +154% | 189,9 k € | -8.1% | 206,8 k € | -58.9% | 502,7 k € | +0.1% | 501,9 k € | +2397% | 20,1 k € | +352% | 4,5 k € | -97.7% | 193 k € | -22.4% | 248,9 k € | -35.3% | 385 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 12 ended
Active mandates
ELLIE GULICKX
ActiveFRANK MOYAERT
ActiveEnded mandates
ellie gulickx
EndedELLIE GULICKX
EndedEllie Hendrik Maria Gulickx
EndedEllie Hendrik Maria Gulickx
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
CHOCEN● Active | 0757.915.834 |
Ciné Odéon/Oude God● Active | 0404.570.568 |
Cupola● Active | 0453.889.031 |
DOMI CURA● Active | 0886.049.963 |
J&K Invest And Management● Active | 0721.725.629 |
Nobel● Active | 0413.832.385 |
Nobel Development● Active | 0752.584.594 |
| 0797.836.678 | |
VIRTUAR● Active | 0780.463.978 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro 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 | 22/05/2026 | 20/05/2025 | 12/07/2024 | 19/06/2023 | 23/08/2022 | 25/08/2021 |
| General meeting | 16/05/2026 | 17/05/2025 | 19/06/2024 | 20/05/2023 | 31/05/2022 | 31/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 16/05/2026 | 22/05/2026 | Dutch | |
| Micro model | 31/12/2024 | 17/05/2025 | 20/05/2025 | Dutch | |
| Micro model | 31/12/2023 | 19/06/2024 | 12/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 20/05/2023 | 19/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 31/05/2022 | 23/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 31/05/2021 | 25/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 16/05/2020 | 09/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 15/06/2019 | 09/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 19/05/2018 | 11/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 20/05/2017 | 12/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 21/05/2016 | 14/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 16/05/2015 | 28/05/2015 | Dutch | |
| Abridged model | 31/12/2013 | 17/05/2014 | 16/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 18/05/2013 | 06/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 19/05/2012 | 14/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 21/05/2011 | 08/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 15/05/2010 | 31/05/2010 | Dutch | |
| Abridged model | 31/12/2008 | 28/04/2009 | 11/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 05/06/2008 | 02/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 16/06/2007 | 13/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 12 ended
Active mandates
ELLIE GULICKX
ActiveFRANK MOYAERT
ActiveEnded mandates
ellie gulickx
EndedELLIE GULICKX
EndedEllie Hendrik Maria Gulickx
EndedEllie Hendrik Maria Gulickx
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates26/05/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Registered office26/11/2018MAATSCHAPPELIJKE ZETEL
- Capital / shares13/01/2014KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Restructuring20/05/2009ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring12/03/2009RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
- Capital / shares15/02/2006KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Capital / shares23/02/2004ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-3,5 k €↓
- 2024Annual accounts 202410,8 k €↓
- 2023Annual accounts 202321,6 k €↑
- 2022Annual accounts 2022-3,6 k €↓
- 2021Annual accounts 202133,9 k €↑
- 2020Annual accounts 202027,8 k €↑
- 2019Annual accounts 2019-15,3 k €↓
- 2018Annual accounts 201838,1 k €↓
- 2017Annual accounts 201742,4 k €↓
- 2016Annual accounts 201646,6 k €↓
- 2015Annual accounts 201553,2 k €↓
- 2014Annual accounts 201462,6 k €↑
- 2013Annual accounts 201337,7 k €↓
- 2012Annual accounts 201268,4 k €↑
- 2011Annual accounts 201165,9 k €↑
- 2010Annual accounts 201062,1 k €↑
- 2009Annual accounts 200919,2 k €↓
- 2008Annual accounts 200865,9 k €↓
- 2007Annual accounts 200795,8 k €↑
- 2006Annual accounts 2006-6,6 k €
- 30/04/1999IncorporationPrivate limited company