FTW

Active

Private limited companyfounded 20196 yrs activeHoogstraat 120, 1000 Brussel, BelgiumKBO/BCE: BE 0734.663.647

The computed 12-month bankruptcy probability of FTW is 6.7% (elevated). The 2024 annual accounts show equity of €33k and a net result of €13k. Equity is growing by ~57.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 18938 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

73 / 100

Healthy▼ -8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency70▲+22

Growth78=

Stability100

Bankruptcy probability, 12 months

6.7% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.49 against 1.5 in 2023), and 62% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

38%

Return on assets

14.7%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

61 d late

2022

68 d late

2021

75 d late

2020

79 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€33k▲ 63.3%

2023 · €20k

2020: €-7k 2021: €17k 2022: €5k 2023: €20k

2020 → 2024

Total assets

€87k▲ 6.0%

2023 · €82k

2020: €53k 2021: €85k 2022: €77k 2023: €82k

2020 → 2024

Net result

€13k▼ 14.7%

2023 · €15k

2020: €-13k 2021: €24k 2022: €-12k 2023: €15k

2020 → 2024

Working capital

€20k▼ 0.6%

2023 · €20k

2020: €-2k 2021: €18k 2022: €4k 2023: €20k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-7k-€17k€5k▼ 68.5%€20k▲ 287%€33k▲ 63.3%

Operating result€-9k-€27k€-7k€21k€20k▼ 5.4%

Net result€-13k-€24k€-12k€15k€13k▼ 14.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 5% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €87k

29.7%

70.3%

Fixed assets €26k▲ 18.8%

Current assets €61k▲ 1.3%

Equity and liabilities €87k

38.0%

62.0%

Equity €33k▲ 63.3%

Debt €54k▼ 12.8%

The debt ratio falls from 75.3% to 62.0%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

Solvency

38.0%▲

2023 · 24.7%

Current ratio

1.49▼

2023 · 1.50

Quick ratio

1.47▼

2023 · 1.48

Debt / equity

1.63▼

2023 · 3.06

ROE

38.8%▼

2023 · 74.2%

ROA

14.7%▼

2023 · 18.3%

Debt

€54k▼

2023 · €62k

Debt ≤ 1 year

€41k▲

2023 · €40k

Debt > 1 year

€13k▼

2023 · €22k

Income taxes

€3k▲

2023 · €305

Staff costs

€186k▲

2023 · €167k

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€82k€87k▲

Fixed assets21/28€22k€26k▲

Tangible fixed assets22/27€21k€25k▲

Land and buildings22€21k€22k▲

Plant, machinery and equipment23€495-

Furniture and vehicles24-€4k

Other tangible fixed assets26€164€164▼

Financial fixed assets28€200€200=

Current assets29/58€60k€61k▲

Stocks and contracts in progress3€870€871▲

Stocks30/36€870€871▲

Amounts receivable within one year40/41-€25k

Trade receivables40-€10k

Other amounts receivable41-€15k

Cash at bank and in hand54/58€59k€35k▼

Equity and liabilities

Total equity and liabilities10/49€82k€87k▲

Equity10/15€20k€33k▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€14k€27k▲

Amounts payable17/49€62k€54k▼

Amounts payable after more than one year17€22k€13k▼

Financial debts170/4€22k€13k▼

Amounts payable within one year42/48€40k€41k▲

Current portion of amounts payable after more than one year42€9k€10k▲

Trade debts44€13k€8k▼

Suppliers440/4€13k€8k▼

Taxes, remuneration and social security45€18k€23k▲

Taxes450/3€2k€4k▲

Remuneration and social security454/9€17k€19k▲

Other amounts payable47/48€348-

Income statement Code20232024

Non-recurring operating income76A-€3k

Remuneration, social security and pensions62€167k€186k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k-

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-567

Other operating charges640/8-€239

Non-recurring operating charges66A-€250

Gross operating margin9900€201k€206k▲

Operating profit (loss)9901€21k€20k▼

Financial income75/76B€4€887▲

Recurring financial income75€4€887▲

Financial charges65/66B€6k€5k▼

Recurring financial charges65€6k€5k▼

Profit (loss) for the period before taxes9903€15k€16k▲

Income taxes67/77€305€3k▲

Profit (loss) for the period9904€15k€13k▼

Profit (loss) for the period to be appropriated9905€15k€13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€14k€27k▲

Profit (loss) brought forward from the previous period14P€-1k€14k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

07-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 68 days late

2022

14-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 75 days late

2021

31-12

Financial Back to profitnet €24k

Net result €24k after one loss-making year.

18-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 79 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, Brussel · 1 establishment unit since 2019

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.

Hoogstraat 1201000 Brussel

Ground area

101 m²

Building footprint

55 m²

Volume, LiDAR

531 m³

Parcel 21808H0593/00D000, Brussels · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

FTW

Hoogstraat 120, 1000 BrusselLimited-service restaurants

since 20192.295.727.308

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21808H0593/00D000	Brussels	101 m²	1 · 55 m²	11.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 21,633 companies in sector 56112 we hold annual accounts for 9,658. 8,313 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-09-2019

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.