Equity
Equity rose in 2025 from €18,550 to €77,905.
Equity rose in 2025 from €18,550 to €77,905.
The last five annual accounts were filed 27 to 114 days before the end of the period.
Higher net result than 95% of companies in personal services. Sector median €2,797 · 5,760 companies.
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 96, micro). It does better than 57% of them on solvency, 24% on liquidity, 93% on profitability and 97% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 26,972 companies had the same profile as Forrier Pierre has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Forrier Pierre itself: 0.5% within 12 months.
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 26,972 companies, not a prediction for Forrier Pierre. 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.
Liquidity is tight, with a current ratio of 1.33 (0.82 in 2024), below the usual 1.5. Short-term debt is 54.7% and cash 7.6% of total assets. 65% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 58 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Forrier Pierre Grimbergen | €222,561 | €201,238 | 35.0% | - |
| ACTIVITE THANATOPRAXIE Dour | €225,354 | €212,684 | 34.8% | - |
| Uitvaartzorg De Lelie Brasschaat | €222,150 | €130,688 | 2.8% | - |
| Lieve Hemel Uitvaartzorg Antwerp | €302,381 | €144,490 | 86.1% | - |
| Benoît Jeanmart Rochefort | €418,844 | €203,459 | 86.5% | - |
| Bestattungen Löfgen Amblève | €440,963 | €218,015 | 66.8% | - |
| VGB Funerals Zaventem | €341,138 | €102,845 | 40.3% | - |
These companies have the same main activity as Forrier Pierre: funeral services (NACE 96301). They are comparable in size and age: total assets between €222,000 and €441,000, founded between 2014 and 2019.
Forrier Pierre files the micro format. That format states no turnover. The gross margin rose from -€5,229 in 2017 to €201,238 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
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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