F.F.A.
ActiveF.F.A. has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-19k) and a net result of €-22k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 19% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▲+15
Solvency23▼-17
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.08 in 2024; short-term debt: 102.4% and cash: 0.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.4%
Return on assets
-2.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
59 d late
2023
183 d late
2022
32 d late
2021
104 d late
2020
89 d late
2019
88 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-19k
2024 · €4k
2018: €16k
2019: €17k
2020: €17k
2021: €18k
2022: €20k
2023: €18k
2024: €4k
2018 → 2025
Total assets
€793k▲ 3,247%
2024 · €24k
2018: €26k
2019: €29k
2020: €27k
2021: €24k
2022: €31k
2023: €25k
2024: €24k
2018 → 2025
Net result
€-22k▼ 62.0%
2024 · €-14k
2018: €-377
2019: €603
2020: €-96
2021: €1k
2022: €2k
2023: €-3k
2024: €-14k
2018 → 2025
Working capital
€-20k
2024 · €2k
2018: €16k
2019: €17k
2020: €17k
2021: €18k
2022: €16k
2023: €15k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€20k▲ 12.1%€18k▼ 13.8%€4k▼ 79.2%€-19k
Operating result€-98-€3k€-2k€-14k▼ 541%€-17k▼ 25.2%
Net result€1k-€2k▲ 69.9%€-3k€-14k▼ 396%€-22k▼ 62.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €14k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €793k
Fixed assets
€936▼ 51.9%
Current assets
€792k▲ 3,542%
Key figures and ratios
EBITDA
€-16k▼
2024 · €-13k
Cash flow
€-21k▼
2024 · €-13k
Solvency
-2.4%▼
2024 · 15.4%
Current ratio
0.98▼
2024 · 1.08
Quick ratio
0.04▼
2024 · 0.74
Debt / equity
-43.14▼
2024 · 5.51
ROA
-2.8%▲
2024 · -58.5%
Interest coverage
-3.07▲
2024 · -90.80
Debt
€812k▲
2024 · €20k
Debt ≤ 1 year
€812k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€24k€793k▲
Fixed assets21/28€2k€936▼
Tangible fixed assets22/27€2k€936▼
Furniture and vehicles24€2k€936▼
Current assets29/58€22k€792k▲
Stocks and contracts in progress3€7k€760k▲
Stocks30/36€7k€760k▲
Amounts receivable within one year40/41€7k€26k▲
Trade receivables40€7k€7k=
Other amounts receivable41€623€19k▲
Cash at bank and in hand54/58€3k€2k▼
Deferred charges and accrued income490/1€5k€5k=
Equity and liabilities
Total equity and liabilities10/49€24k€793k▲
Equity10/15€4k€-19k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-4k€-27k▼
Amounts payable17/49€20k€812k▲
Amounts payable within one year42/48€20k€812k▲
Financial debts43-€199k
Credit institutions430/8-€199k
Trade debts44€2k€602k▲
Suppliers440/4€2k€602k▲
Taxes, remuneration and social security45-€458
Taxes450/3-€458
Other amounts payable47/48€18k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Gross operating margin9900€-13k€-16k▼
Operating profit (loss)9901€-14k€-17k▼
Financial charges65/66B€140€5k▲
Recurring financial charges65€140€5k▲
Profit (loss) for the period before taxes9903€-14k€-22k▼
Profit (loss) for the period9904€-14k€-22k▼
Profit (loss) for the period to be appropriated9905€-14k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-27k▼
Profit (loss) brought forward from the previous period14P€9k€-4k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 183 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €2k ▲69.9%
Operating result €3k, net result €2k, both a record.
12-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 104 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Back to profitnet €603
Net result €603 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nandrin · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Clémodeau 574550 NandrinGround area
2,394 m²
Building footprint
109 m²
Parcel 61069A0218/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Clémodeau 57, 4550 Nandrin
since 20112.197.894.789
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61069A0218/00D000 | Wallonia | 2,394 m² | 1 · 109 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CORIFUGO
BE 0480.524.340
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Het Vlashuis
BE 0877.594.929
Gent · Eq €4k
BGP
BE 0836.431.394
Heuvelland · Eq €4k
M4NU
BE 1020.623.310
Deinze · Eq €4k
RS SALES
BE 0799.118.266
Landen · Eq €4k
Of 6,156 companies in sector 46190 we hold annual accounts for 2,567. 808 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-01-2011
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
01430Raising of horses and other equines
49410Freight transport by road
68203Renting and operating of own or leased non-residential real estate, excluding land
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.