Equity
€8,434 from €85,001 in 2024
Equity fell by 90% in 2 years.
Further
Lifetime
14 annual accounts with figures on one time axispeak €150,153 (2013)
-€1,124▼ €892
lowest -€61,364 (2026)
-€61,364▼ €46,161
peak €85,001 (2024)
€8,434▼ 87.9%
€404
peak 2 FTE (2013)
-not published
Board1 name since 2022
1 directorLionel Vincke
Documentsfilings and deeds
30-09-202630 days late
2026micro format
Gross margin from -€232 to -€1,124Loss of €61,364Equity from €69,798 to €8,434
Key points
from the 2026 annual accountsLosses
-€76,567 in two years
The 2025 and 2026 financial years closed with a loss. 2026 was the heaviest.
Filings
14 annual accounts since 2012
Seven of the last ten came late. The 2024 accounts came latest: 30 days after the end of the period.
Turnover not published (micro format)
Checked score
55
Fair
Financially stronger than 46% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025lowest value
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.2 percentage points vs 07-2025
09-2025: 1.3%▲ +0.5 percentage points vs 08-2025
10-2025: 1.6%▲ +0.3 percentage points vs 09-2025
11-2025: 1.2%▼ -0.4 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.3%● unchanged vs 07-2026
09-2026: 2.0%▲ +0.7 percentage points vs 08-2026highest value
10-2026: 1.2%▼ -0.8 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €61,364, the second in a row (financial year 2026)
No main activity registered
lowers risk
Size: total assets €8,838
Founded in 2011
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 (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 4% on profitability and 5% 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 31-01-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as Further has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Further itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,805 companies, not a prediction for Further. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 21.88, above the usual 1.5. Short-term debt is 4.6% of total assets. 4.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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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 · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
19202123242526
2019 to 2026 · latest year -€61,364
raises risk · 2026 accounts filed 30 days late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 30-09-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2026
30 days late
2025
30 days late
2024
30 days late
2023
28 days late
2021
6 days early
2020
2 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 16 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 30 September (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-01-2027 year end31-08-2027 deadline
Recent changes
Change of role: Lionel Vincke, from manager to director
General meeting of 23-06-2022 · Gazette deed
Registered office moved from Tubize to Enghien
New registered office: Rue de Milst 6 Bis, 7850 ENGHIEN · Previous registered office: Boulevard Georges Deryck 63, 1480 TUBIZE · General meeting of 01-01-2021 · Gazette deed
Company renamed from AZZANA to Further
General meeting of 23-01-2019 · Gazette deed
Incorporation
published on 06-07-2011 · Gazette deed
Official details
Source: KBO- Status
- Active since 04-07-2011Normal situation
- Activity
- “Pourvoir des services de management organisationnel,d’interim management/organisationnel,gestion des processus métiers(business process management),amélioration de la…” (deed in French)From the articles, 13 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.201.408.1697850 Enghien, since 04-07-2011
- Financial year end
- 31 January
- Peppol
- Not found in the Peppol Directory
Insights on Further
Further files the micro format. That format states no turnover. The gross margin fell from €14,522 in 2012 to -€1,124 in 2026.
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 Further
- What is the company number of Further?
- The company number of Further is 0837.543.134. The VAT number is the same number with BE in front: BE 0837.543.134.
- Where is Further based?
- The registered office is at Milststraat 6 Bis, 7850 Enghien.Company details
- What is the legal form of Further?
- Further is a private limited company (BV).
- When was Further founded?
- Further was founded on 04-07-2011.
- Is Further still active?
- Yes, Further is an active enterprise in the KBO register.
- What is the turnover of Further?
- The annual accounts for financial year 2026 state no turnover. The micro format does not require it.Financials
- Is Further profitable?
- In financial year 2026, Further made a loss of €61,364.
- Where can I find the annual accounts of Further?
- Further filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Further due?
- Further must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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