FF&L
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €5,668, larger than the loss of €4,570 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €322 | €525 | ▲ 63.0% |
| Gross operating margin9900 | -€4,248 | -€5,143 | ▼ 21.1% |
| Operating profit (loss)9901 | -€4,570 | -€5,668 | ▼ 24.0% |
| Financial charges65/66B | €23 | €45 | ▲ 100% |
| Recurring financial charges65 | €23 | €45 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | -€4,593 | -€5,713 | ▼ 24.4% |
| Profit (loss) for the period9904 | -€4,593 | -€5,713 | ▼ 24.4% |
| Profit (loss) for the period to be appropriated9905 | -€4,593 | -€5,713 | ▼ 24.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €431 | €649 | ▲ 50.6% |
| Current assets29/58 | €431 | €649 | ▲ 50.6% |
| Amounts receivable within one year40/41 | €405 | €0 | ▼ 100% |
| Trade receivables40 | €405 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €26 | €649 | ▲ 25× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €431 | €649 | ▲ 50.6% |
| Equity10/15 | -€4,563 | -€10,275 | ▼ 125% |
| Contributions10/11 | €30 | €30 | = |
| Profit (loss) carried forward14 | -€4,593 | -€10,305 | ▼ 124% |
| Amounts payable17/49 | €4,994 | €10,924 | ▲ 119% |
| Amounts payable within one year42/48 | €4,994 | €10,924 | ▲ 119% |
| Trade debts44 | €694 | €564 | ▼ 18.6% |
| Suppliers440/4 | €694 | €564 | ▼ 18.6% |
| Other amounts payable47/48 | €4,300 | €10,360 | ▲ 141% |
Historical observation
In July 2024, 7,639 companies had the same profile as FF&L has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FF&L itself: 3.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for FF&L. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.