Filings
22 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
FFRW
Lifetime
18 annual accounts with figures on one time axis, 22 filings since 2002peak €372,106 (2019)
-€1,764▲ €363
lowest -€49,482 (2007)
€2,902▲ €4,688
peak €263,989 (2019)
€220,044▲ 1.3%
€28,399▼ 19.8%
peak 1 FTE (2012)
-not published
Board1 name since 2001
1 directorHEEREN Hugo
Documentsfilings and deeds
05-11-202597 days late
2024micro format
Gross margin from -€2,127 to -€1,764Back to profit: €2,902Debts from €35,393 to €28,399Cash from €20 to €9
Key points
from the 2024 annual accountsAt the same address
6 companies
Position in the sector
88.6%
Higher solvency than 90% of companies in real estate. Sector median 31.1% · 19,156 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 52% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025
09-2025: 1.3%▲ +0.1 percentage points vs 08-2025
10-2025: 1.9%▲ +0.6 percentage points vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.0%▼ -0.9 percentage points vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 0.9%▼ -0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.6 percentage points vs 07-2026
09-2026: 1.7%▲ +0.2 percentage points vs 08-2026
10-2026: 2.5%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 2.5%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 4.43, cash €9, halved
Figures for financial year 2024 (filed on 13-11-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 97 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2001
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 46% on liquidity, 21% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €11,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 4.43 (3.61 in 2023), above the usual 1.5. Short-term debt is 11.1% and cash 0% of total assets. 11.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 97 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
97 days late
2023
28 days late
2021
13 days early
2020
89 days late
2019
82 days late
2018
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 52 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered office moved from Vielsalm to Aywaille
New registered office: B-4920 Aywaille, Raborive 2 · Previous registered office: Rue Freddy-Wampach 21, 6690 VIELSALM · Board meeting of 11-09-2019 · Gazette deed
First establishment
Priesmont 29 A, Vielsalm
Incorporation
published on 18-05-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FFRW Aywaille | €248,443 | -€1,764 | 88.6% | - |
| L'ENTREPRISE IMMOBILIERE Sprimont | €311,409 | -€1,625 | 31.7% | - |
| PORT DE PLAISANCE DU GRAND LARGE A MONS Mons | €211,895 | -€8,002 | 97.2% | - |
| BVBA PANTA REI Uccle | €224,702 | -€13,078 | -231.0% | - |
| COMNAMUR Leuven | €236,746 | -€93,032 | 24.2% | - |
| Hestia Vesta Geel | €253,267 | -€2,189 | 35.6% | - |
| HARP Heist-op-den-Berg | €301,159 | -€15,256 | 11.9% | - |
These companies have the same main activity as FFRW: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €212,000 and €311,000, founded between 1997 and 2005.
Official details
Source: KBO- Status
- Active since 09-05-2001Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.098.560.9506690 Vielsalm, since 15-11-2001
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on FFRW
FFRW files the micro format. That format states no turnover. The gross margin fell from €30,716 in 2006 to -€1,764 in 2024.
The balance sheet grew most in 2007 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FFRW
- What is the company number of FFRW?
- The company number of FFRW is 0474.766.203. The VAT number is the same number with BE in front: BE 0474.766.203.
- Where is FFRW based?
- The registered office is at Raborive 2, 4920 Aywaille.Company details
- What does FFRW do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of FFRW?
- FFRW is a private limited company (pre-2019) (BVBA).
- When was FFRW founded?
- FFRW was founded on 09-05-2001.
- Is FFRW still active?
- Yes, FFRW is an active enterprise in the KBO register.
- What is the turnover of FFRW?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is FFRW profitable?
- In financial year 2024, FFRW made a profit of €2,902.
- Where can I find the annual accounts of FFRW?
- FFRW filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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