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FoR-E

Active
Private limited companyfounded 20232 yrs activeRijksweg 53, 2870 Puurs-Sint-Amands, BelgiumKBO/BCE: BE 1001.671.191
Summary

The computed 12-month bankruptcy probability of FoR-E is 2.3% (moderate). The 2025 annual accounts show negative equity (-€212,189) and a net result of -€233,189. Its solvency ranks better than 9% of 8115 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability3
Solvency13
Growth-
Track record67
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74; short-term debt: 90.1% and cash: 4.3% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-11.8%
Return on assets
-12.9%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
2 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

FoR-E was incorporated on 26 October 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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Financials · fiscal year 2025, abbreviated schema

Equity
-€212,189
Total assets
€1.8m
Net result
-€233,189
Working capital
-€420,327

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €1.8m
Fixed assets €599,446
Current assets €1.2m
Key figures and ratios
2025 value
EBITDA
-€122,361
Cash flow
-€148,328
Solvency
-11.8%
Current ratio
0.74
Quick ratio
0.27
Debt to equity
-9.49
ROA
-12.9%
Interest coverage
-4.62
Debt
€2.0m
Debt ≤ 1 year
€1.6m
Debt > 1 year
€391,308

Peer companies

Historical observation

Of the 490 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
6.1% went bankrupt
3.5% stopped otherwise
89% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 490 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 · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€1.8m
Fixed assets21/28€599,446
Tangible fixed assets22/27€339,446
Plant, machinery and equipment23€329,366
Furniture and vehicles24€10,080
Financial fixed assets28€260,000
Current assets29/58€1.2m
Stocks and contracts in progress3€760,667
Stocks30/36€760,667
Amounts receivable within one year40/41€314,387
Trade receivables40€276,750
Other amounts receivable41€37,637
Cash at bank and in hand54/58€76,989
Deferred charges and accrued income490/1€49,969
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15-€212,189
Contributions10/11€21,000
Profit (loss) carried forward14-€233,189
Amounts payable17/49€2.0m
Amounts payable after more than one year17€391,308
Financial debts170/4€391,308
Amounts payable within one year42/48€1.6m
Current portion of amounts payable after more than one year42€134,574
Financial debts43€212,000
Credit institutions430/8€125,000
Other loans439€87,000
Trade debts44€141,312
Suppliers440/4€141,312
Advances received on contracts in progress46€1.1m
Other amounts payable47/48€44,500
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84,862
Other operating charges640/8€967
Gross operating margin9900-€121,395
Operating profit (loss)9901-€207,223
Financial income75/76B€495
Recurring financial income75€495
Financial charges65/66B€26,462
Recurring financial charges65€26,462
Profit (loss) for the period before taxes9903-€233,189
Profit (loss) for the period9904-€233,189
Profit (loss) for the period to be appropriated9905-€233,189
Appropriation of the result
Profit (loss) to be appropriated9906-€233,189
Social balance
Average headcount (FTE)90870.0

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84,862
Other operating charges640/8€967
Gross operating margin9900-€121,395
Operating profit (loss)9901-€207,223
Financial income75/76B€495
Recurring financial income75€495
Financial charges65/66B€26,462
Recurring financial charges65€26,462
Profit (loss) for the period before taxes9903-€233,189
Profit (loss) for the period9904-€233,189
Profit (loss) for the period to be appropriated9905-€233,189
Line2025
Assets
Total assets20/58€1.8m
Fixed assets21/28€599,446
Tangible fixed assets22/27€339,446
Plant, machinery and equipment23€329,366
Furniture and vehicles24€10,080
Financial fixed assets28€260,000
Current assets29/58€1.2m
Stocks and contracts in progress3€760,667
Stocks30/36€760,667
Amounts receivable within one year40/41€314,387
Trade receivables40€276,750
Other amounts receivable41€37,637
Cash at bank and in hand54/58€76,989
Deferred charges and accrued income490/1€49,969
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15-€212,189
Contributions10/11€21,000
Profit (loss) carried forward14-€233,189
Amounts payable17/49€2.0m
Amounts payable after more than one year17€391,308
Financial debts170/4€391,308
Amounts payable within one year42/48€1.6m
Current portion of amounts payable after more than one year42€134,574
Financial debts43€212,000
Credit institutions430/8€125,000
Other loans439€87,000
Trade debts44€141,312
Suppliers440/4€141,312
Advances received on contracts in progress46€1.1m
Other amounts payable47/48€44,500
Line2025
Profit (loss) for the period9904-€233,189
+ Depreciation and write-downs630€84,862
Operating cash flow (approximation)-€148,328

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

2025
29-10
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are 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, Puurs-Sint-Amands · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,976 m²
Building footprint
784 m²
Volume, LiDAR
4,374 m³
Parcel 12008A0036/00M000, Flanders · tallest building 35.1 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
FoR-E
Rijksweg 53, 2870 Puurs-Sint-AmandsAgents in the wholesale of industrial machinery, ships and aircraft
since 20232.351.662.456
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12008A0036/00M000 Flanders 1,976 m² 1 · 784 m² 35.1 m · 2 fl.
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.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 4 entries · 19,616 EUR awarded · 19,616 EUR paid
Year Entries awardedpaid
2025 2 6,678 EUR8,366 EUR
2024 2 12,938 EUR11,250 EUR
Schemes
2 entries · 13,851 EUR · 13,851 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
2 entries · 5,765 EUR · 5,765 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,076 companies in sector 46140 we hold annual accounts for 645. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-10-2023
Fiscal year end31-03
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
Contact
E-mail info@fore.energy
E-mail info@for.energyPuurs-Sint-Amands
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001671191
Registered 23-07-2026

Register as of 27 September 2026 · Peppol Directory

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