FAST FORWARD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7.56M and a net result of €-1.11M. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 44% of 2381 sector peers (fiscal year 2025). The company has been active since 1987 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.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
29 d late
2023
7 d late
2022
30 d late
2021
1 d early
2020
31 d late
2019
on the day
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€7.56M▼ 12.8%
2024 · €8.67M
2018: €1.53M
2019: €1.17M
2020: €12.07M
2021: €11.60M
2022: €10.95M
2023: €10.83M
2024: €8.67M
2018 → 2025
Net result
€-1.11M▲ 48.2%
2024 · €-2.15M
2018: €-517k
2019: €-483k
2020: €-483k
2021: €-469k
2022: €-655k
2023: €-121k
2024: €-2.15M
2018 → 2025
Total assets
€14.13M▼ 3.8%
2024 · €14.68M
2018: €19.37M
2019: €20.32M
2020: €20.32M
2021: €19.09M
2022: €17.85M
2023: €17.52M
2024: €14.68M
2018 → 2025
Solvency
53.5%▼ 5.5pp
2024 · 59.0%
2018: 7.9%
2019: 5.7%
2020: 59.4%
2021: 60.8%
2022: 61.3%
2023: 61.8%
2024: 59.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€312k-€1.24M▲ 298%€1.36M▲ 9.3%€1.55M▲ 14.0%€826k▼ 46.6%
Equity€11.60M-€10.95M▼ 5.6%€10.83M▼ 1.1%€8.67M▼ 19.9%€7.56M▼ 12.8%
Operating result€-384k-€-510k▼ 33.0%€-16k▲ 96.9%€-1.94M▼ 11,962%€-947k▲ 51.1%
Net result€-469k-€-655k▼ 39.7%€-121k▲ 81.5%€-2.15M▼ 1,673%€-1.11M▲ 48.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €947k in 2025 against €1.94M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.13M
Fixed assets
€7.21M▲ 17.2%
Current assets
€6.92M▼ 19.0%
Equity and liabilities €14.13M
Equity
€7.56M▼ 12.8%
Debt
€6.57M▲ 9.2%
The debt ratio rises from 41.0% to 46.5%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
53.5%▼
2024 · 59.0%
ROE
-14.7%▲
2024 · -24.8%
ROA
-7.9%▲
2024 · -14.6%
Debt
€6.57M▲
2024 · €6.02M
Debt ≤ 1 year
€1.72M▼
2024 · €2.10M
Debt > 1 year
€4.81M▲
2024 · €3.88M
Income taxes
€2k▲
2024 · €2k
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€14.68M€14.13M▼
Fixed assets21/28€6.15M€7.21M▲
Tangible fixed assets22/27€482€111k▲
Plant, machinery and equipment23€482€0▼
Furniture and vehicles24-€111k
Financial fixed assets28€6.15M€7.10M▲
Affiliated companies280/1€6.15M€6.15M=
Participating interests280€6.15M€6.15M=
Other financial fixed assets284/8-€949k
Amounts receivable and cash guarantees285/8-€949k
Current assets29/58€8.53M€6.92M▼
Amounts receivable after more than one year29€250k€250k=
Other amounts receivable291€250k€250k=
Stocks and contracts in progress3€7.87M€6.25M▼
Stocks30/36€7.87M€6.25M▼
Goods purchased for resale34€7.87M€6.25M▼
Amounts receivable within one year40/41€25k€247k▲
Trade receivables40-€45k
Other amounts receivable41€25k€202k▲
Cash at bank and in hand54/58€369k€155k▼
Deferred charges and accrued income490/1€16k€16k▲
Equity and liabilities
Total equity and liabilities10/49€14.68M€14.13M▼
Equity10/15€8.67M€7.56M▼
Contributions10/11€14.05M€14.05M=
Capital10€14.05M€14.05M=
Issued capital100€14.05M€14.05M=
Reserves13€49k€49k=
Non-distributable reserves130/1€45k€45k=
Legal reserve130€45k€45k=
Tax-exempt reserves132€3k€3k=
Profit (loss) carried forward14€-5.43M€-6.54M▼
Amounts payable17/49€6.02M€6.57M▲
Amounts payable after more than one year17€3.88M€4.81M▲
Financial debts170/4€3.88M€4.81M▲
Other loans174€3.88M€4.81M▲
Amounts payable within one year42/48€2.10M€1.72M▼
Current portion of amounts payable after more than one year42€1.65M€1.25M▼
Trade debts44€37k€69k▲
Suppliers440/4€37k€69k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0€2k▲
Taxes450/3€0€2k▲
Other amounts payable47/48€416k€396k▼
Accrued charges and deferred income492/3€37k€48k▲
Income statement
Code20242025
Operating income70/76A€1.56M€967k▼
Turnover70€1.55M€826k▼
Other operating income74€15k€22k▲
Non-recurring operating income76A-€118k
Operating charges60/66A€3.50M€1.91M▼
Goods for resale, raw materials and consumables60€3.30M€1.76M▼
Purchases600/8€153k€136k▼
Change in stocks: decrease (increase)609€3.15M€1.63M▼
Services and other goods61€190k€145k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€643€2k▲
Other operating charges640/8€6k€6k▲
Operating profit (loss)9901€-1.94M€-947k▲
Financial income75/76B€5k€22k▲
Recurring financial income75€5k€22k▲
Income from financial fixed assets750€5k€22k▲
Other financial income752/9€492€0▼
Financial charges65/66B€213k€184k▼
Recurring financial charges65€213k€184k▼
Debt charges650€205k€177k▼
Other financial charges652/9€8k€7k▼
Profit (loss) for the period before taxes9903€-2.14M€-1.11M▲
Income taxes67/77€2k€2k▲
Taxes670/3€2k€2k▲
Profit (loss) for the period9904€-2.15M€-1.11M▲
Profit (loss) for the period to be appropriated9905€-2.15M€-1.11M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5.43M€-6.54M▼
Profit (loss) brought forward from the previous period14P€-3.28M€-5.43M▼
The notes to these accounts (40 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-2.15M
Net result drops to €-2.15M, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-09
Financial
Equity above €10MEq €12.07M ▲934%
Equity rises from €1.17M to €12.07M.
01-07
State Gazette act
General meeting · Permanent representative
Permanent representative end · Capital decrease
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
04-02
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2008
15-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · Bank account
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are 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, Roeselare · 2 establishment units since 2008
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.
Kwadestraat 1558800 RoeselareGround area
9,175 m²
Building footprint
1,551 m²
Volume, LiDAR
6 m³
2 parcels, Flanders · tallest building 0.6 m. Linked by address, not a title deed.
2 establishment units
FAST FORWARD
since 20082.173.700.021
Fast Forward
since 20162.252.707.412
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1278/00X003 | Flanders | 7,646 m² | 1 · 828 m² | 0.6 m |
| 36302B1232/00C000 | Flanders | 1,528 m² | 1 · 723 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
→
Ownership & control
1 partyFAST FORWARDBE 0431.943.275
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 6,866 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-09-1987
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 38 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.