FairFin
The computed 12-month bankruptcy probability of FairFin is < 0.1% (very low). The 2023 annual accounts show equity of €245k and a net result of €-21k. Equity is shrinking by ~38.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. Its solvency ranks better than 69% of 77 sector peers (fiscal year 2023). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €245k |
| Net result | €-21k |
| Staff (FTE) | 7.3 |
| Better than sector | 69% |
Strong profile, led by solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 81.0% | 55.2% | |
| Net result | €-21k | €5k | |
| Equity | €245k | €82k | |
| Gross operating margin | €338k | €88k | |
| Staff costs | €349k | €132k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-11k |
| Net profit | €-21k |
| Cash flow | €-11k |
| Staff costs | €349k |
| Income taxes | - |
| Dividends | - |
| Total assets | €303k |
| Equity | €245k |
| Debt | €58k |
| of which ≤ 1y | €58k |
| of which > 1y | - |
| Working capital | €230k |
| Employees (FTE) | 7.3 |
| 2023 | |
|---|---|
| Current ratio | 4.99 |
| Quick ratio | 4.99 |
| Working capital ratio | 76.0% |
| Solvency | 81.0% |
| Debt / equity | 0.24 |
| Long-term debt ratio | - |
| Interest coverage | -18.32 |
| Gross margin | - |
| Net margin | - |
| ROA | -7.0% |
| ROE | -8.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €303k |
| Fixed assets | 21/28 | €15k |
| Intangible fixed assets | 21 | €9k |
| Tangible fixed assets | 22/27 | €6k |
| Current assets | 29/58 | €288k |
| Amounts receivable within one year | 40/41 | €31k |
| Cash & bank | 54/58 | €218k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €303k |
| Equity | 10/15 | €245k |
| Reserves | 13 | €279k |
| Accumulated profits (losses) | 14 | €-33k |
| Amounts payable | 17/49 | €58k |
| Amounts payable within one year | 42/48 | €58k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Gross operating margin | 9900 | €338k |
| Operating result | 9901 | €-21k |
| Financial income | 75 | €200 |
| Financial charges | 65 | €599 |
| Result before taxes | 9903 | €-21k |
| Net result for the period | 9904 | €-21k |
| Result to be appropriated | 9905 | €-21k |
| NACE primary | 94999 |
| Legal form | Non-profit association(017) |
| Incorporation | 27-06-1982 |
| Status | Active |
| Postal code | 1030 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0038/00B009 | Brussels | 1,633 m² | 1 · 1,570 m² | 17.3 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-07-2025 Registered office moved within Schaarbeek
- Vooruitgangstraat 333/9, 1030 Schaarbeek → Vooruitgangstraat 323/10, 1030 Schaarbeek
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"effective_date": "2025-05-20",
"evidence_quote": "Het bestuur van FairFin heeft in haar zitting van 20 mei 2025 tevens beslist om de maatschappelijke zetel van de vereniging zonder winstoogmerk te verplaatsen. Oud adres: Vooruitgangstraat 333/9, 1030 Schaarbeek",
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}10-05-2023 9 directors appointed, 2 resigning
- Mulder Joost, Voorzitter
- Conix Bartholomeus, Bestuurder
- Van Laecke Erk, Bestuurder
- Verbraeken Floris, Bestuurder
- Madry Frédéric, Bestuurder
- Van Elsen Greg, Bestuurder
- Vanderkelen Jana, Bestuurder
- Deruytter Laura, Bestuurder
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}06-06-2019 6 directors appointed
- Baelus Erik, Bestuurder
- Deruytter Laura, Bestuurder
- Mulder Joost, Bestuurder
- Van de Velde Pieter-Jan, Bestuurder
- Van Laecke Erik, Bestuurder
- Verbraeken Floris, Bestuurder
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}08-01-2019 2 directors appointed, 2 resigning
- Deruytter Laura, Raad van bestuur
- Verbraeken Floris, Raad van bestuur
- De Vriendt Johan, Raad van bestuur
- Desmedt Luc, Raad van bestuur
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}08-01-2019 7 directors appointed, 2 resigning
- Erik Baelus, Bestuurder
- Isabel Bombeke, Bestuurder
- Laura Deruytter, Bestuurder
- Joost Mulder, Bestuurder
- Pieter-Jan Van de Velde, Bestuurder
- Erik Van Laecke, Bestuurder
- Floris Verbraeken, Bestuurder
- Robert Van Damme, Bestuurder
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}08-03-2017 9 directors appointed, 1 resigning
- Baelus Erik, Raad van bestuur
- Bombeke Isabel, Raad van bestuur
- De Vriendt Johan, Raad van bestuur
- Desmedt Luc, Raad van bestuur
- Mulder Joost, Raad van bestuur
- Van Damme Robert, Raad van bestuur
- Van de Velde Pieter-Jan, Raad van bestuur
- Van Laecke Erik, Raad van bestuur
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}14-07-2016 Mulder Joost appointed as raad van bestuur
- Mulder Joost, Raad van bestuur
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}26-05-2015 4 directors appointed
- Bombeke Isabel, Bestuurder
- Van Damme Robert, Bestuurder
- Van de Velde Pieter-Jan, Bestuurder
- Vervliet Emiel, Bestuurder
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}23-02-2015 Articles of association amended
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}29-07-2014 Fafchamps Pierre appointed as director
- Fafchamps Pierre, Bestuurder
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | FairFin |