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Ferronnerie La Forge

Active
Private limited companyfounded 20223 yrs activeRue de l'Eglise(RON) 41, 7623 Brunehaut, BelgiumKBO/BCE: BE 0794.814.733
Summary

The computed 12-month bankruptcy probability of Ferronnerie La Forge is 2.7% (moderate). The 2024 annual accounts show equity of €23,988 and a net result of €3,702. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability74▼-25
Solvency53▲+1
Growth52
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.45 in 2023; short-term debt: 72.1% and cash: 22% of total assets), and 72.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
27.9%
Return on assets
4.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
31 d early
2024
57 d early
2023
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (3 of the last 3 filed years within 61 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 December 2022, Ferronnerie La Forge was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,702▼ 79.8%
2023 · €18,286
Working capital
-€5,732▲ 81.0%
2023 · -€30,238
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€21,973-€5,203▼ 76.3%
Net result€18,286within the sector's middle half-€3,702within the sector's middle half▼ 79.8%
Equity€20,286below the sector's middle half-€23,988below the sector's middle half▲ 18.2%
Total assets€75,267below the sector's middle half-€85,981below the sector's middle half▲ 14.2%
Debt€54,981-€61,993▲ 12.8%
Working capital-€30,238below the sector's middle half--€5,732below the sector's middle half▲ 81.0%
Solvency27.0%within the sector's middle half-27.9%within the sector's middle half▲ 0.9pp
Current ratio0.45below the sector's middle half-0.91below the sector's middle half▲ 0.46
Return on assets (ROA)24.3%above the sector's middle half-4.3%within the sector's middle half▼ 20.0pp
above within below the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2023: €21,973€21,973Net result 2023: €18,286€18,286Operating result 2024: €5,203€5,203Net result 2024: €3,702€3,70220232024€0€10,000€20,000Operating result 2023: €21,973€22,000Net result 2023: €18,286€18,300Operating result 2024: €5,203€5,200Net result 2024: €3,702€3,70020232024
The operating result falls in 2024; 2024 is 76% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €85,981
Fixed assets €29,720 ▼ 41.2%
Current assets €56,260 ▲ 127%
Equity and liabilities €85,981
Equity €23,988 ▲ 18.2%
Debt €61,993 ▲ 12.8%
Debt's share of the balance-sheet total falls from 73.0% to 72.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€27,507▼
2023 · €45,664
Cash flow
€26,005▼
2023 · €41,977
Quick ratio
0.68▲
2023 · 0.45
Debt to equity
2.58▼
2023 · 2.71
ROE
15.4%▼
2023 · 90.1%
Interest coverage
231.17▼
2023 · 1023.63
Debt ≤ 1 year
€61,993▲
2023 · €54,981
Income taxes
€1,420▼
2023 · €3,749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€75,267€85,981▲
Fixed assets21/28€50,524€29,720▼
Tangible fixed assets22/27€50,524€29,720▼
Land and buildings22-€1,333
Plant, machinery and equipment23€26,697€16,756▼
Furniture and vehicles24€23,827€11,631▼
Current assets29/58€24,743€56,260▲
Stocks and contracts in progress3-€14,000
Contracts in progress37-€14,000
Amounts receivable within one year40/41€4,182€22,494▲
Trade receivables40€1,339€22,344▲
Other amounts receivable41€2,844€150▼
Cash at bank and in hand54/58€19,897€18,893▼
Deferred charges and accrued income490/1€664€874▲
Equity and liabilities
Total equity and liabilities10/49€75,267€85,981▲
Equity10/15€20,286€23,988▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€18,286€21,988▲
Amounts payable17/49€54,981€61,993▲
Amounts payable within one year42/48€54,981€61,993▲
Trade debts44€3,576€11,198▲
Suppliers440/4€3,576€11,198▲
Advances received on contracts in progress46€9,918€8,098▼
Taxes, remuneration and social security45€6,522€8,106▲
Taxes450/3€6,522€8,106▲
Other amounts payable47/48€34,966€34,591▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,691€22,304▼
Other operating charges640/8€1,131€974▼
Gross operating margin9900€46,795€28,481▼
Operating profit (loss)9901€21,973€5,203▼
Financial income75/76B€107€38▼
Recurring financial income75€107€38▼
Financial charges65/66B€45€119▲
Recurring financial charges65€45€119▲
Profit (loss) for the period before taxes9903€22,036€5,122▼
Income taxes67/77€3,749€1,420▼
Profit (loss) for the period9904€18,286€3,702▼
Profit (loss) for the period to be appropriated9905€18,286€3,702▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,286€21,988▲
Profit (loss) brought forward from the previous period14P-€18,286

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,691€22,304▼ 5.9%
Other operating charges640/8€1,131€974▼ 13.9%
Gross operating margin9900€46,795€28,481▼ 39.1%
Operating profit (loss)9901€21,973€5,203▼ 76.3%
Financial income75/76B€107€38▼ 64.4%
Recurring financial income75€107€38▼ 64.4%
Financial charges65/66B€45€119▲ 167%
Recurring financial charges65€45€119▲ 167%
Profit (loss) for the period before taxes9903€22,036€5,122▼ 76.8%
Income taxes67/77€3,749€1,420▼ 62.1%
Profit (loss) for the period9904€18,286€3,702▼ 79.8%
Profit (loss) for the period to be appropriated9905€18,286€3,702▼ 79.8%
Line20232024Change
Assets
Total assets20/58€75,267€85,981▲ 14.2%
Fixed assets21/28€50,524€29,720▼ 41.2%
Tangible fixed assets22/27€50,524€29,720▼ 41.2%
Land and buildings22-€1,333-
Plant, machinery and equipment23€26,697€16,756▼ 37.2%
Furniture and vehicles24€23,827€11,631▼ 51.2%
Current assets29/58€24,743€56,260▲ 127%
Stocks and contracts in progress3-€14,000-
Contracts in progress37-€14,000-
Amounts receivable within one year40/41€4,182€22,494▲ 438%
Trade receivables40€1,339€22,344▲ 1,569%
Other amounts receivable41€2,844€150▼ 94.7%
Cash at bank and in hand54/58€19,897€18,893▼ 5.0%
Deferred charges and accrued income490/1€664€874▲ 31.6%
Equity and liabilities
Total equity and liabilities10/49€75,267€85,981▲ 14.2%
Equity10/15€20,286€23,988▲ 18.2%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€18,286€21,988▲ 20.2%
Amounts payable17/49€54,981€61,993▲ 12.8%
Amounts payable within one year42/48€54,981€61,993▲ 12.8%
Trade debts44€3,576€11,198▲ 213%
Suppliers440/4€3,576€11,198▲ 213%
Advances received on contracts in progress46€9,918€8,098▼ 18.3%
Taxes, remuneration and social security45€6,522€8,106▲ 24.3%
Taxes450/3€6,522€8,106▲ 24.3%
Other amounts payable47/48€34,966€34,591▼ 1.1%
Line20232024Change
Profit (loss) for the period9904€18,286€3,702▼ 79.8%
+ Depreciation and write-downs630€23,691€22,304▼ 5.9%
Operating cash flow (approximation)€41,977€26,005▼ 38.0%
Investment in fixed assets (approximation)--€1,500-
Change in cash--€1,005-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 29 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brunehaut · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,519 m²
Building footprint
137 m²
Parcel 57070C0318/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Ferronnerie La Forge
Rue de l'Eglise(RON) 41, 7623 BrunehautManufacture of metal structures and parts of structures
since 20222.339.929.119
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57070C0318/00D000 Wallonia 1,519 m² 1 · 137 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 3,981 companies in this sector we hold annual accounts for 2,144. 1,117 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded15-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25401Forging of metal
25402Manufacture of fabricated metal products, except machinery and equipment
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794814733
Also 9925:BE0794814733
Registered 30-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.