ACTIVE

FairFin

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Financial year 2023 · closed on 31/12/2023

Net result

-21,2 k €

-92.8% YoY

Gross margin

338,3 k €

-22.3% YoY

Equity

245 k €

-8.0% YoY

What does FairFin do?

FairFin is a Non-profit organization incorporated in 1982. Its main activity is: Libraries, archives, museums and other cultural activities. Its registered office is in Schaerbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.552.973

Incorporation

27/06/1982

Legal form

Non-profit organization

Registered office

Rue du Progrès 323 box 10
1030 Schaerbeek · BruxellesSee on map

Latest accounts

31/12/2023

Activities (NACE)

91330Libraries, archives, museums and other cultural activities· main 94999Activities of other membership organisations n.e.c.94999Activities of other membership organisations n.e.c.73200Market research and public opinion polling 73200Market research and public opinion polling 82990Other business support service activities n.e.c.+1

Joint committees (2)

329
32901

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	338,3 k €	-22.3%	435,2 k €	+22.1%	356,4 k €	+3.4%	344,6 k €	+22.8%	280,6 k €	-9.6%	310,5 k €	+5.0%	295,6 k €	+12.1%	263,7 k €	-24.8%	350,7 k €	+4.7%	334,9 k €	-14.8%	393 k €	-21.3%	499,6 k €	+8.6%	460 k €	+12.1%	410,2 k €	+1.5%	404,1 k €	-5.3%	426,6 k €	-1.4%	432,6 k €
EBITDA	-11 k €	-660%	-1,4 k €	+99.9%	-1,7 M €	-5195%	34,3 k €	+134%	-101,6 k €	-215%	-32,3 k €	-57.4%	-20,5 k €	+51.2%	-42 k €	-11.5%	-37,7 k €	+51.1%	-77,1 k €	-215%	-24,5 k €	-1066%	2,5 k €	-92.0%	31,6 k €	+397%	-10,6 k €	-171%	15 k €	-51.7%	31 k €	+10.9%	27,9 k €
Operating result	-20,8 k €	-102%	-10,3 k €	+99.4%	-1,8 M €	-7270%	24,5 k €	+123%	-106,6 k €	-206%	-34,8 k €	-49.3%	-23,3 k €	+48.3%	-45,2 k €	-0.5%	-44,9 k €	+46.8%	-84,4 k €	-162%	-32,2 k €	-1860%	-1,6 k €	-106%	25,5 k €	+240%	-18,2 k €	-377%	6,6 k €	-68.5%	20,8 k €	+19.9%	17,4 k €
Net result	-21,2 k €	-92.8%	-11 k €	+99.4%	-1,8 M €	-6579%	27,1 k €	+125%	-109,7 k €	-271%	-29,6 k €	+22.8%	-38,4 k €	-198%	-12,9 k €	+39.2%	-21,2 k €	+38.5%	-34,4 k €	-506%	-5,7 k €	-133%	17,1 k €	-62.9%	46,1 k €	+1967%	-2,5 k €	-117%	14,5 k €	-63.5%	39,7 k €	-57.2%	92,7 k €
Balance sheet
Equity	245 k €	-8.0%	266,3 k €	-4.0%	277,3 k €	-86.4%	2 M €	+1.4%	2 M €	-5.2%	2,1 M €	-1.4%	2,1 M €	-1.8%	2,2 M €	-0.6%	2,2 M €	-1.0%	2,2 M €	-1.5%	2,3 M €	-0.3%	2,3 M €	+0.8%	2,2 M €	+2.1%	2,2 M €	-0.1%	2,2 M €	+0.7%	2,2 M €	+1.9%	2,1 M €
Total assets	302,6 k €	-13.9%	351,7 k €	-17.4%	425,9 k €	-79.5%	2,1 M €	+1.4%	2 M €	-5.4%	2,2 M €	-0.8%	2,2 M €	-2.5%	2,2 M €	-2.3%	2,3 M €	-3.4%	2,4 M €	-3.3%	2,5 M €	+2.8%	2,4 M €	+5.2%	2,3 M €	-0.1%	2,3 M €	-3.0%	2,3 M €	+2.2%	2,3 M €	+3.0%	2,2 M €
Cash	217,7 k €	-7.3%	234,8 k €	-0.6%	236,3 k €	-58.8%	573,3 k €	+6.9%	536,3 k €	-27.1%	736,1 k €	-0.9%	742,7 k €	-8.5%	811,8 k €	+28.2%	633,5 k €	-28.4%	885,2 k €	-5.2%	934,1 k €	+1470%	59,5 k €	+71.4%	34,7 k €	-22.7%	44,9 k €	-30.8%	64,9 k €	+21.4%	53,4 k €	+30.5%	40,9 k €
Debts	57,6 k €	+16.1%	49,6 k €	+1.9%	48,7 k €	+17.6%	41,4 k €	+3.0%	40,2 k €	-2.4%	41,2 k €	+11.7%	36,9 k €	-23.4%	48,2 k €	-23.0%	62,5 k €	-45.0%	113,7 k €	-7.1%	122,4 k €	+139%	51,2 k €	+94.7%	26,3 k €	-62.0%	69,2 k €	-48.9%	135,3 k €	+53.9%	87,9 k €	+14.0%	77,1 k €
Other
Workforce	–		–		–		–		5,6 ETP	+5.7%	5,3 ETP	+1.9%	5,2 ETP	+4.0%	5,0 ETP	-23.1%	6,5 ETP	+8.3%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	-14.3%	7,0 ETP	+4.5%	6,7 ETP	-8.2%	7,3 ETP	-2.7%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 11 active · 29 ended

Active mandates

Bartholomeus Conix

Director · since 25 mars 2023

Active

Frédéric Madry

Director · since 25 mars 2023

Active

Greg Van Elsen

Director · since 25 mars 2023

Active

Jana Vanderkelen

Director · since 25 mars 2023

Active

Yelter Bollen

Director · since 25 mars 2023

Active

Floris Verbraeken

Director · since 17 mars 2018

Active

Laura Deruytter

Director · since 17 mars 2018

Active

Erik Baelus

Director · since 23 février 2017 · until 25 mars 2023

Active

Erik Van Laecke

Director · since 23 février 2017

Active

Joost Mulder

Director · since 23 février 2017

Active

Pieter-Jan Van de Velde

Director · since 23 février 2017 · until 25 mars 2023

Active

Ended mandates

Emiel Vervliet

Director · since 23 février 2017

Ended

Erik Baelus

Director · since 23 février 2017

Ended

Isabel Bombeke

Director · since 23 février 2017

Ended

Pieter-Jan Van de Velde

Director · since 23 février 2017

Ended

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Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/03/2024	29/06/2023	23/06/2022	25/06/2021	02/07/2020	03/07/2019
General meeting	23/03/2024	25/03/2023	26/03/2022	20/03/2021	12/06/2020	16/03/2019
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	23/03/2024	29/03/2024	Dutch	PDF
Micro model	31/12/2022	25/03/2023	29/06/2023	Dutch	PDF
Micro model	31/12/2021	26/03/2022	23/06/2022	Dutch	PDF
Micro model	31/12/2020	20/03/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	16/03/2019	03/07/2019	Dutch	PDF
Abridged model	31/12/2017	17/03/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	18/03/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	19/03/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	21/03/2015	05/05/2015	Dutch	PDF
Abridged model	31/12/2013	22/03/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	23/03/2013	15/04/2013	Dutch	PDF
Abridged model	31/12/2011	24/03/2012	19/04/2012	Dutch	PDF
Abridged model	31/12/2010	19/03/2011	24/03/2011	Dutch	PDF
Abridged model	31/12/2009	13/03/2010	01/04/2010	Dutch	PDF
Abridged model	31/12/2008	14/03/2009	03/04/2009	Dutch	PDF
Abridged model	31/12/2007	15/03/2008	21/05/2008	Dutch	PDF
Abridged model	31/12/2006	17/03/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2023 · 11 active · 29 ended

Active mandates

Bartholomeus Conix

Director · since 25 mars 2023

Active

Frédéric Madry

Director · since 25 mars 2023

Active

Greg Van Elsen

Director · since 25 mars 2023

Active

Jana Vanderkelen

Director · since 25 mars 2023

Active

Yelter Bollen

Director · since 25 mars 2023

Active

Floris Verbraeken

Director · since 17 mars 2018

Active

Laura Deruytter

Director · since 17 mars 2018

Active

Erik Baelus

Director · since 23 février 2017 · until 25 mars 2023

Active

Erik Van Laecke

Director · since 23 février 2017

Active

Joost Mulder

Director · since 23 février 2017

Active

Pieter-Jan Van de Velde

Director · since 23 février 2017 · until 25 mars 2023

Active

Ended mandates

Emiel Vervliet

Director · since 23 février 2017

Ended

Erik Baelus

Director · since 23 février 2017

Ended

Isabel Bombeke

Director · since 23 février 2017

Ended

Pieter-Jan Van de Velde

Director · since 23 février 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/07/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2015
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 2023-21,2 k €↓
2022
Annual accounts 2022-11 k €↑
2021
Annual accounts 2021-1,8 M €↓
2020
Annual accounts 202027,1 k €↑
2019
Annual accounts 2019-109,7 k €↓
2018
Annual accounts 2018-29,6 k €↑
2017
Annual accounts 2017-38,4 k €↓
2016
Annual accounts 2016-12,9 k €↑
2015
Annual accounts 2015-21,2 k €↑
2014
Annual accounts 2014-34,4 k €↓
2013
Annual accounts 2013-5,7 k €↓
2012
Annual accounts 201217,1 k €↓
2011
Annual accounts 201146,1 k €↑
2011
Name changeFAIRFIN
2010
Annual accounts 2010-2,5 k €↓
2009
Annual accounts 200914,5 k €↓
2008
Annual accounts 200839,7 k €↓
2007
Annual accounts 200792,7 k €
2007
Name changeNETWERK VLAANDEREN
27/06/1982
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FairFin

Overview

What does FairFin do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline