Checked.be
Active
BE 0419.928.539Private limited company
C-Force
Kruisstraat(WIE) 22 ·2222 Heist-op-den-Berg, Belgium· 46 yrs active
Sector: Wholesale of information and communication equipment
(46500)
Conclusion
C-Force has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228k and a net result of €32k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €228k |
| Net result | €32k |
| Better than sector | 85% |
| Active | 46 yrs |
Financial profile
88
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
70
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1979, 46 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€21k
estimate, not credit advice
Score history
86
2022
100
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.56 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.56 (≥ 1.0)
+5
Leverage
Debt/equity 0.18 (< 1.0)
+10
Profitability
ROE 14% (≥ 10%)
+10
Interest coverage
Interest coverage 127.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 10-06-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Gross margin: growth of ~28.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 84.9% | 42.6% | |
| Net result | €32k | €6k | |
| Equity | €228k | €60k | |
| Gross operating margin | €60k | €29k | |
| Total assets | €268k | €175k |
€59k
-36.5%
22-25
€32k
-43.2%
22-25
€47k
-34.0%
22-25
€268k
+3.6%
22-25
€228k
+14.8%
22-25
€212k
+19.5%
22-25
€13k
-41.8%
22-25
€3k
0.0%
22-25
€40k
-33.2%
22-25
€38k
-22.2%
22-25
€2k
-79.9%
22-25
6.56
+42.0%
22-25
6.56
+42.0%
22-25
84.9%
+10.8%
22-25
0.18
-41.8%
22-25
14.0%
-50.5%
22-25
11.9%
-45.2%
22-25
127.26
-35.5%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €59k | €93k | €43k | €24k |
| Net profit | €32k | €56k | €20k | €8k |
| Cash flow | €47k | €72k | €35k | €21k |
| Staff costs | - | - | - | - |
| Income taxes | €13k | €22k | €8k | €3k |
| Dividends | €3k | €3k | €5k | €1k |
| Total assets | €268k | €259k | €196k | €185k |
| Equity | €228k | €198k | €145k | €130k |
| Debt | €40k | €61k | €51k | €55k |
| of which ≤ 1y | €38k | €49k | €31k | €25k |
| of which > 1y | €2k | €12k | €21k | €30k |
| Working capital | €212k | €177k | €119k | €97k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 6.56 | 4.62 | 4.86 | 4.91 |
| Quick ratio | 6.56 | 4.62 | 4.86 | 4.91 |
| Working capital ratio | 78.9% | 68.4% | 60.5% | 52.7% |
| Solvency | 84.9% | 76.6% | 73.8% | 70.5% |
| Debt / equity | 0.18 | 0.31 | 0.36 | 0.42 |
| Long-term debt ratio | 0.01 | 0.06 | 0.14 | 0.23 |
| Interest coverage | 127.26 | 197.40 | 73.39 | 44.80 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 11.9% | 21.7% | 10.0% | 4.5% |
| ROE | 14.0% | 28.3% | 13.5% | 6.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €268k | €259k | €196k | €185k |
| Fixed assets | 21/28 | €19k | €33k | €47k | €62k |
| Tangible fixed assets | 22/27 | €19k | €33k | €47k | €62k |
| Current assets | 29/58 | €250k | €226k | €150k | €122k |
| Amounts receivable within one year | 40/41 | €27k | €33k | €26k | €17k |
| Investments | 50/53 | €43k | €43k | €43k | €38k |
| Cash & bank | 54/58 | €154k | €117k | €81k | €67k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €268k | €259k | €196k | €185k |
| Equity | 10/15 | €228k | €198k | €145k | €130k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €209k | €180k | €126k | €112k |
| Amounts payable | 17/49 | €40k | €61k | €51k | €55k |
| Amounts payable after one year | 17 | €2k | €12k | €21k | €30k |
| Amounts payable within one year | 42/48 | €38k | €49k | €31k | €25k |
| Trade debts payable within one year | 44 | €5k | €3k | €2k | €1k |
| Income statement | |||||
| Gross operating margin | 9900 | €60k | €94k | €44k | €26k |
| Operating result | 9901 | €44k | €77k | €27k | €11k |
| Financial income | 75 | €2k | €2k | €1k | €498 |
| Financial charges | 65 | €465 | €472 | €583 | €536 |
| Result before taxes | 9903 | €45k | €79k | €28k | €11k |
| Income taxes | 67/77 | €13k | €22k | €8k | €3k |
| Net result for the period | 9904 | €32k | €56k | €20k | €8k |
| Result to be appropriated | 9905 | €32k | €56k | €20k | €8k |
Legal Structure
| NACE primary | Wholesale of information and communication equipment(46500) |
| Legal form | Private limited company(610) |
| Incorporation | 15-10-1979 |
| Status | Active |
| Postal code | 2222 |
Establishment units
Kruisstraat(WIE) 22, 2222 Heist-op-den-Berg
since 19842.026.930.806
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12039C0315/00G000 | Flanders | 627 m² | 1 · 109 m² | 9.0 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €228k ▲14.8%
4 profitable years in a row build equity to €228k.
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €56k ▲187%
Operating result €77k, net result €56k, both a record.
31-12
Financial
Equity above €150kEq €198k ▲37%
3 profitable years in a row build equity to €198k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of information and communication equipment46500Wholesale trade4666051850Business and other management consultancy70200Business consulting7022074142
Names & trade names
| Legal nameNL | C-Force |
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