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FairFin

Active
Non-profit associationfounded 1982active for 44 yearsVooruitgangstraat 323, 1030 Schaarbeek, Belgium28 active companies are registered at this addressKBO/BCE: BE 0423.552.973
Summary

For FairFin, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €245,016 and a net result of -€21,243. Equity is shrinking by about 39% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2024. Its solvency ranks better than 71% of 414 sector peers (NACE 94, financial year 2023). The association has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low).

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FairFinActive
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Overview

Activity
Other membership organisations
NACE 94999
1 site
Size
≈ €410,000turnover 2023, estimated
Staff
7.3 FTE
Equity
€245,016
Deficit
-€21,243
Turnover estimated from the gross margin
Financial health
Bankruptcy probabilitywithin 12 months
< 0.1%
2023 figures too old to score
Structure
Board
9 members
2024 accounts not filed, 454 days past the deadline2 of 14 deeds summarised
Signalsraises riskFigures for financial year 2023 (filed 03-04-2024)1 change of registered office in 24 monthsTwo or more financial years not filedlowers riskLegal form: non-profit associationSector: Activities of membership organisations (NACE 94)neutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency 100=
equity 81.0% of total assets
Liquidity 94-3
short-term debt 19.0% · cash 71.9%
Profitability 10-5
return on assets -7.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,218 companies, NACE 94, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026highest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Figures for financial year 2023 (filed 03-04-2024)
NBB · annual accounts
lowers risk · Sector: Activities of membership organisations (NACE 94)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
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 · 10 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline28-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-03-2024, 124 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
124 days early
2022
32 days early
2021
38 days early
2020
36 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 52 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Van Der Kelen Jana (director)Registered-office move
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Risk: 2024 accounts not fileddeadline was 31-07-2025 454 days past the deadline View
  • Risk: 3 loss-making years in a rowloss financial year 2023 -€21,243 View
  • Caution: Among the weakest 18% on net resultsector median €4,629 · 417 companies -€21,243 View
  • Flemish supportawarded from 2022 to 2025 €1.2m View

By topic

Financials

Financial year
2023
Total assets
€302,619
Loss
-€21,243
Solvency
81.0%
Total assets▼ 13.9%
Net result
20182023
Go to Financials

Board & ownership

Board
9 members
  • Mulder JoostChair
  • Bollen YelterDirector
  • Conix BartholomeusDirector
  • Deruytter LauraDirector
  • Madry FrédéricDirector

and 4 other directors

Go to Board & ownership

Timeline

Events
22
Since
2007
  1. 10-05-2023Resignations: Van de Velde Pieter-Jan (director) and…
  2. 23-06-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Other membership organisationsNACE 94999
Founded
27-06-1982
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
21
Purpose
“Het creëren van een nieuw financieel systeem als hefboom voor een meer sociaal…” (deed in Dutch)
Go to Articles of association

Key facts about FairFin

What is the company number of FairFin?
0423.552.973. In Belgium the VAT number is the company number with BE in front: BE 0423.552.973.
Where is FairFin based?
The registered office is at Vooruitgangstraat 323, 1030 Schaarbeek.Company details
What does FairFin do?
According to the KBO register, the main activity is other membership organisations (NACE 94999).
What is the legal form of FairFin?
Non-profit association (VZW).
When was FairFin founded?
On 27-06-1982.
Is FairFin still active?
Yes, FairFin is an active enterprise in the KBO register.
How many employees does FairFin have?
On average 7.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of FairFin?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FairFin profitable?
In financial year 2023, FairFin made a loss of €21,243.
Where can I find the annual accounts of FairFin?
FairFin filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2023.

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