Fail Forward Company
ActiveSummary
Fail Forward Company is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For Fail Forward Company, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-10k) and a net result of €-11k. Its solvency ranks better than 5% of 8998 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: At least two filing cycles are missing
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-10k
2022 · €1k
2022: €1k
2022 → 2023
Net result
€-11k▼ 798%
2022 · €-1k
2022: €-1k
2022 → 2023
Total assets
€10k▼ 76.9%
2022 · €42k
2022: €42k
2022 → 2023
Solvency
-99.0%▼ 102.1pp
2022 · 3.1%
2022: 3.1%
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€1k-€-10k
Operating result€888-€-9k
Net result€-1k-€-11k▼ 798%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €9k after €888 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €10k
Fixed assets
€493 ▼ 21.2%
Current assets
€9k ▼ 77.8%
Key figures and ratios
ROA
-112.4%▼
2022 · -2.9%
Debt
€19k▼
2022 · €41k
Debt ≤ 1 year
€19k▼
2022 · €41k
Income taxes
€75▼
2022 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 36 lines
Balance sheet
Code20222023
Assets
Total assets20/58€42k€10k▼
Fixed assets21/28€625€493▼
Intangible fixed assets21€625€493▼
Current assets29/58€41k€9k▼
Amounts receivable within one year40/41€40k€7k▼
Trade receivables40€35k€852▼
Other amounts receivable41€6k€6k▲
Cash at bank and in hand54/58€55€2k▲
Deferred charges and accrued income490/1€793€157▼
Equity and liabilities
Total equity and liabilities10/49€42k€10k▼
Equity10/15€1k€-10k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-1k€-12k▼
Amounts payable17/49€41k€19k▼
Amounts payable within one year42/48€41k€19k▼
Trade debts44€24k€4k▼
Suppliers440/4€24k€4k▼
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€5k€5k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€10k€10k▲
Accrued charges and deferred income492/3-€76
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€756€132▼
Other operating charges640/8€398€1k▲
Gross operating margin9900€2k€-8k▼
Operating profit (loss)9901€888€-9k▼
Financial income75/76B€126-
Recurring financial income75€126-
Financial charges65/66B€578€1k▲
Recurring financial charges65€578€1k▲
Profit (loss) for the period before taxes9903€435€-11k▼
Income taxes67/77€2k€75▼
Profit (loss) for the period9904€-1k€-11k▼
Profit (loss) for the period to be appropriated9905€-1k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-12k▼
Profit (loss) brought forward from the previous period14P-€-1k
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
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
NBB filing
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, Sint-Niklaas · 1 establishment unit since 2021
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.
Nieuwe Baan 59111 Sint-NiklaasGround area
1,994 m²
Building footprint
245 m²
Volume, LiDAR
1,822 m³
Parcel 46002C1088/00H002, Flanders · tallest building 28.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fail Forward Company
since 20212.320.611.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C1088/00H002 | Flanders | 1,994 m² | 1 · 245 m² | 27.9 m · 2 fl. |
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
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KLUSTER
BE 0799.945.241
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Angèle
BE 1017.290.567
Aarschot · Eq €1,284
DELIOTRAP
BE 0800.760.932
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Cipres 18
BE 0764.917.254
Knokke-Heist · Eq €1,282
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 1,152 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
73110Advertising agencies
73300Public relations and communication consultancy
78100Employment placement agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.