Fonorack
ActiveFonorack has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €13k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 24% of 839 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▲+13
Solvency34▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.07 in 2023; short-term debt: 91.3% and cash: 4.4% of total assets), and 91.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← 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 2024Solvency, return and age of the figures
Solvency
8.7%
Return on assets
3.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 839 sector peers (2024).
NBB · sector comparisonPosition among 839 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€35k▲ 31.3%
2023 · €26k
2018: €40k
2019: €30k
2020: €32k
2021: €46k
2022: €36k
2023: €26k
2018 → 2024
Total assets
€401k▼ 6.0%
2023 · €427k
2018: €449k
2019: €439k
2020: €444k
2021: €443k
2022: €421k
2023: €427k
2018 → 2024
Net result
€13k
2023 · €-9k
2018: €-11k
2019: €-10k
2020: €2k
2021: €13k
2022: €-10k
2023: €-9k
2018 → 2024
Working capital
€35k▲ 31.3%
2023 · €26k
2018: €34k
2019: €24k
2020: €27k
2021: €41k
2022: €36k
2023: €26k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€46k▲ 41.2%€36k▼ 21.7%€26k▼ 26.2%€35k▲ 31.3%
Operating result€2k-€13k▲ 439%€-9k€-9k▲ 0.4%€8k
Net result€2k-€13k▲ 480%€-10k€-9k▲ 5.4%€13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8k after a loss of €9k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €401k
Equity
€35k▲ 31.3%
Debt
€367k▼ 8.5%
The debt ratio falls from 93.8% to 91.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
8.7%▲
2023 · 6.2%
Current ratio
1.09▲
2023 · 1.07
Quick ratio
0.05▼
2023 · 0.07
Debt / equity
10.56▼
2023 · 15.15
ROE
36.5%▲
2023 · -35.4%
ROA
3.2%▲
2023 · -2.2%
Debt
€367k▼
2023 · €401k
Debt ≤ 1 year
€367k▼
2023 · €401k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€427k€401k▼
Current assets29/58€427k€401k▼
Stocks and contracts in progress3€400k€383k▼
Stocks30/36€400k€383k▼
Amounts receivable within one year40/41€5k-
Trade receivables40€5k-
Cash at bank and in hand54/58€23k€18k▼
Deferred charges and accrued income490/1€232€760▲
Equity and liabilities
Total equity and liabilities10/49€427k€401k▼
Equity10/15€26k€35k▲
Contributions10/11€37k€37k=
Outside capital11€37k€37k=
Other1109/19€37k€37k=
Reserves13€22k-
Non-distributable reserves130/1€4k-
Reserves not available under the articles1311€4k-
Tax-exempt reserves132€4k-
Distributable reserves133€14k-
Profit (loss) carried forward14€-33k€-2k▲
Amounts payable17/49€401k€367k▼
Amounts payable within one year42/48€401k€367k▼
Trade debts44€30k€12k▼
Suppliers440/4€30k€12k▼
Taxes, remuneration and social security45€49k€39k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9€44k€38k▼
Other amounts payable47/48€321k€316k▼
Income statement
Code20232024
Other operating charges640/8€873€976▲
Gross operating margin9900€-9k€9k▲
Operating profit (loss)9901€-9k€8k▲
Financial income75/76B€256€5k▲
Recurring financial income75€256€237▼
Non-recurring financial income76B-€4k
Financial charges65/66B€171€79▼
Recurring financial charges65€171€79▼
Profit (loss) for the period before taxes9903€-9k€13k▲
Profit (loss) for the period9904€-9k€13k▲
Profit (loss) for the period to be appropriated9905€-9k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-20k▲
Profit (loss) brought forward from the previous period14P€-23k€-33k▼
Transfer from equity791/2-€18k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €13k ▲480%
Operating result €13k, net result €13k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 1975
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijksweg(M) 733630 MaasmechelenGround area
1,066 m²
Building footprint
668 m²
Volume, LiDAR
4,754 m³
Parcel 73013B0236/00V000, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rijksweg(L) 73, 3630 Maasmechelen
since 19752.010.718.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013B0236/00V000 | Flanders | 1,066 m² | 1 · 668 m² | 13.3 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
ANDRE THEUNIS - MAITRE LUTHIER
BE 0845.991.240
Brussel · Eq €33k
Adolphe Sax & Cie
BE 0506.718.793
Brugge · Eq €37k
SOLODALLAS EUROPE
BE 0741.354.271
Jabbeke · Eq €29k
Anton Somers Violins
BE 0795.494.030
Beveren-Kruibeke-Zwijndrecht · Eq €28k
RANDOM MECHANICALS
BE 0665.850.263
Ukkel · Eq €28k
Of 248 companies in sector 32200 we hold annual accounts for 47. 39 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-12-1974
Fiscal year end31-12
Activities, NACEBEL
32200Other manufacturing
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.