Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Lower net result than 95% of companies in fabricated metal products. Sector median €11,792 · 2,514 companies.
In July 2024, 7,654 companies had the same profile as Backforce has now. Each dot stands for 20 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 7,654 companies, not a prediction for Backforce. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Backforce Eeklo | €189,363 | -€55,026 | -34.3% | - |
| Steel Workers Flanders Hechtel-Eksel | €186,284 | -€16,882 | 0.6% | - |
| SPMK Hoogstraten | €134,072 | -€1,828 | -64.1% | - |
| MECALAB Villers-le-Bouillet | €364,426 | -€487,238 | 31.8% | 2.3 |
| Groothuijse Metaaltechniek Kortenaken | €80,441 | -€10,093 | 48.0% | - |
| B-CON Diksmuide | €393,780 | -€4,471 | -6.1% | - |
| Competenza Harelbeke | €73,049 | €769 | 69.8% | - |
These companies have the same main activity as Backforce: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €73,000 and €394,000, founded between 2022 and 2024.
The 2025 annual accounts show negative equity (-€64,875) and a net result of -€69,875. Its solvency ranks better than 6% of 2,514 sector peers (NACE 25, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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