FOWA
ActiveFOWA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154k and a net result of €8k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+1
Solvency79▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.55 in 2023; short-term debt: 45.9% and cash: 16.5% of total assets), and 45.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
60 d late
2021
79 d late
2020
96 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k▲ 55.7%
2023 · €5k
2018: €21k
2019: €-14k
2020: €6k
2021: €71k
2022: €39k
2023: €5k
2018 → 2024
Working capital
€123k▲ 12.8%
2023 · €109k
2018: €18k
2019: €-4k
2020: €21k
2021: €82k
2022: €88k
2023: €109k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€102k▲ 225%€141k▲ 38.3%€146k▲ 3.6%€154k▲ 5.4%
Operating result€6k-€72k▲ 1,100%€88k▲ 22.4%€9k▼ 89.4%€16k▲ 68.2%
Net result€6k-€71k▲ 1,133%€39k▼ 44.6%€5k▼ 87.0%€8k▲ 55.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 68% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285k
Fixed assets
€31k▼ 25.1%
Current assets
€254k▼ 17.9%
Equity and liabilities €285k
Equity
€154k▲ 5.4%
Debt
€131k▼ 36.1%
The debt ratio falls from 58.3% to 45.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2023 · €23k
Cash flow
€22k▲
2023 · €19k
Solvency
54.1%▲
2023 · 41.7%
Current ratio
1.94▲
2023 · 1.55
Quick ratio
1.75▲
2023 · 1.46
Debt / equity
0.85▼
2023 · 1.40
ROE
5.1%▲
2023 · 3.5%
ROA
2.8%▲
2023 · 1.4%
Interest coverage
9.93▼
2023 · 30.80
Debt
€131k▼
2023 · €204k
Debt ≤ 1 year
€131k▼
2023 · €200k
Income taxes
€5k▲
2023 · €4k
Staff costs
€396k▼
2023 · €553k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€350k€285k▼
Fixed assets21/28€41k€31k▼
Tangible fixed assets22/27€41k€30k▼
Plant, machinery and equipment23€633€2k▲
Furniture and vehicles24€29k€20k▼
Other tangible fixed assets26€11k€8k▼
Financial fixed assets28€600€600=
Current assets29/58€309k€254k▼
Stocks and contracts in progress3€18k€25k▲
Stocks30/36€18k€25k▲
Amounts receivable within one year40/41€137k€178k▲
Trade receivables40€135k€168k▲
Other amounts receivable41€2k€10k▲
Cash at bank and in hand54/58€155k€47k▼
Deferred charges and accrued income490/1€79€4k▲
Equity and liabilities
Total equity and liabilities10/49€350k€285k▼
Equity10/15€146k€154k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€126k€133k▲
Amounts payable17/49€204k€131k▼
Amounts payable after more than one year17€4k-
Other amounts payable178/9€4k-
Amounts payable within one year42/48€200k€131k▼
Trade debts44€29k€19k▼
Suppliers440/4€29k€19k▼
Advances received on contracts in progress46€28k€20k▼
Taxes, remuneration and social security45€143k€92k▼
Taxes450/3€58k€35k▼
Remuneration and social security454/9€85k€57k▼
Income statement
Code20232024
Remuneration, social security and pensions62€553k€396k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€579k€428k▼
Operating profit (loss)9901€9k€16k▲
Financial charges65/66B€744€3k▲
Recurring financial charges65€744€3k▲
Profit (loss) for the period before taxes9903€9k€13k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€5k€8k▲
Profit (loss) for the period to be appropriated9905€5k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€126k€133k▲
Profit (loss) brought forward from the previous period14P€120k€126k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Equity above €150kEq €154k ▲5.4%
5 profitable years in a row build equity to €154k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Highest result since 2018net €71k ▲1133%
Net result €71k, the highest in the series.
31-12
Financial
Equity above €100kEq €102k ▲225%
2 profitable years in a row build equity to €102k.
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 96 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-14k ▼167%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Liège · 3 establishment units since 2017
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.
Quai des Vennes 1/484020 LiègeGround area
6.6 ha
Building footprint
4.0 ha
Volume, LiDAR
429,059 m³
2 parcels, Wallonia · tallest building 22.7 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
FOWA
since 20172.270.454.551
FOWA
since 20172.270.454.650
FOWA
since 20252.369.490.759
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 fl. |
| 62087B0259/00M002 | Wallonia | 2,262 m² | 1 · 2,158 m² | 13.3 m · 4 fl. |
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.
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GLOE
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Of 21,751 companies in sector 96210 we hold annual accounts for 2,826. 1,539 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-09-2017
Fiscal year end31-12
Activities, NACEBEL
96021Hairdressing
96210Hairdressing and barber services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.