FEAR NO FALL
ActiveSummary
FEAR NO FALL has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €14k. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 5.58 against 7.96 in 2024; short-term debt: 17.3% and cash: 74.4% of total assets), and 17.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
24.9%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €47k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-03-2026, 123 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
123 d early
2024
56 d early
2023
8 d early
2022
1 d late
2021
1 d late
2020
36 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€14k▼ 35.1%
2024 · €22k
Working capital
€45k▲ 40.0%
2024 · €32k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result€32k▲ 31.7%€22k▼ 29.7%€-32k€27k€23k▼ 13.4%
Net result€25k▲ 37.4%€18k▼ 31.1%€-34k€22k€14k▼ 35.1%
Equity€98k▲ 35.2%€45k▼ 53.8%€11k▼ 75.7%€33k▲ 198%€47k▲ 43.1%
Total assets€111k▲ 40.8%€131k▲ 18.0%€27k▼ 79.1%€37k▲ 36.4%€57k▲ 51.7%
Debt€13k▲ 103%€86k▲ 542%€16k▼ 80.9%€5k▼ 71.8%€10k▲ 113%
Working capital€94k▲ 39.6%€42k▼ 55.5%€9k▼ 78.3%€32k▲ 253%€45k▲ 40.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57k
Fixed assets
€2k ▲ 207%
Current assets
€55k ▲ 49.2%
Equity and liabilities €57k
Equity
€47k ▲ 43.1%
Debt
€10k ▲ 113%
Debt's share of the balance-sheet total rises from 12.4% to 17.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €28k
Cash flow
€14k▼
2024 · €23k
Current ratio
5.58▼
2024 · 7.96
Debt to equity
0.21▲
2024 · 0.14
ROE
30.1%▼
2024 · 66.4%
ROA
24.9%▼
2024 · 58.2%
Interest coverage
9.19▲
2024 · 8.73
Debt ≤ 1 year
€10k▲
2024 · €5k
Income taxes
€6k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €1k | €1k | €129 | ▼ 89.8% |
| Other operating charges640/8 | €773 | €855 | €4k | €985 | €762 | ▼ 22.7% |
| Gross operating margin9900 | €34k | €25k | €-26k | €29k | €24k | ▼ 17.1% |
| Operating profit (loss)9901 | €32k | €22k | €-32k | €27k | €23k | ▼ 13.4% |
| Financial income75/76B | - | - | - | €251 | - | - |
| Recurring financial income75 | - | - | - | €251 | - | - |
| Financial charges65/66B | €168 | €203 | €1k | €3k | €3k | ▼ 21.1% |
| Recurring financial charges65 | €168 | €203 | €1k | €3k | €3k | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €32k | €22k | €-33k | €24k | €21k | ▼ 13.3% |
| Income taxes67/77 | €6k | €5k | €1k | €2k | €6k | ▲ 231% |
| Profit (loss) for the period9904 | €25k | €18k | €-34k | €22k | €14k | ▼ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €25k | €18k | €-34k | €22k | €14k | ▼ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111k | €131k | €27k | €37k | €57k | ▲ 51.7% |
| Fixed assets21/28 | €3k | €3k | €2k | €600 | €2k | ▲ 207% |
| Tangible fixed assets22/27 | €3k | €3k | €1k | - | €1k | - |
| Furniture and vehicles24 | €3k | €3k | €1k | - | €1k | - |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €108k | €128k | €25k | €37k | €55k | ▲ 49.2% |
| Amounts receivable within one year40/41 | €13k | €14k | €21k | €14k | €9k | ▼ 32.6% |
| Trade receivables40 | €13k | €14k | €21k | €12k | €9k | ▼ 22.6% |
| Other amounts receivable41 | €16 | €0 | - | €2k | - | - |
| Cash at bank and in hand54/58 | €95k | €113k | €4k | €23k | €42k | ▲ 84.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111k | €131k | €27k | €37k | €57k | ▲ 51.7% |
| Equity10/15 | €98k | €45k | €11k | €33k | €47k | ▲ 43.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | - | - | - | - | €34k | - |
| Distributable reserves133 | - | - | - | - | €34k | - |
| Profit (loss) carried forward14 | €85k | €33k | €-1k | €20k | - | - |
| Amounts payable17/49 | €13k | €86k | €16k | €5k | €10k | ▲ 113% |
| Amounts payable within one year42/48 | €13k | €86k | €16k | €5k | €10k | ▲ 113% |
| Financial debts43 | - | - | - | - | €0 | - |
| Credit institutions430/8 | - | - | - | - | €0 | - |
| Trade debts44 | €0 | €393 | €12k | €1k | €2k | ▲ 82.9% |
| Suppliers440/4 | - | €393 | €12k | €1k | €2k | ▲ 82.9% |
| Taxes, remuneration and social security45 | €13k | €15k | €5k | €3k | €7k | ▲ 123% |
| Taxes450/3 | €13k | €15k | €5k | €3k | €6k | ▲ 123% |
| Remuneration and social security454/9 | €0 | €100 | - | €89 | €201 | ▲ 126% |
| Other amounts payable47/48 | - | €70k | - | €412 | €945 | ▲ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €18k | €-34k | €22k | €14k | ▼ 35.1% |
| + Depreciation and write-downs630 | €1k | €2k | €1k | €1k | €129 | ▼ 89.8% |
| Operating cash flow (approximation) | €27k | €19k | €-33k | €23k | €14k | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | €-2k | €-1 | €0 | €-1k | - |
| Change in cash | - | €19k | €-109k | €18k | €19k | ▲ 4.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 7.96
Current ratio from 1.56 to 7.96; short-term debt falls from €16k to €5k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity triplescurrent ratio 7.12
Current ratio from 2.66 to 7.12; short-term debt falls from €34k to €8k.
Show earlier events
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2013
Ground area
6,358 m²
Building footprint
3,837 m²
Volume, LiDAR
132,532 m³
2 parcels, Brussels · tallest building 101.4 m, ±9 floors. Linked by address, not a title deed.
122
companies at this address
See who is registered here
1 establishment unit
Louizalaan 149, 1050 Elsene
since 20132.224.006.003
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0089/00D007 | Brussels | 3,879 m² | 1 · 2,740 m² | 101.4 m · 7 fl. |
| 21805E0461/00L000 | Brussels | 2,479 m² | 1 · 1,096 m² | 33.3 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 37,779 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-11-2013
Fiscal year end31-12
Abbreviation FR
FNF
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
Phone
0476/20.28.39Elsene
Scores and ratios are computed by Checked and are not a credit decision.