Summary
FORADIA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €77k and a net result of €14k. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability75▲+35
Solvency100=
Growth78
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2019Solvency, return and age of the figures
Solvency
84.4%
Return on assets
14.9%
Age of the figures
81 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-08-2020, 31 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2019, micro schema
Equity
€77k▲ 21.5%
2018 · €64k
Total assets
€92k▲ 10.6%
2018 · €83k
Net result
€14k▲ 1,959%
2018 · €664
Working capital
€80k▲ 22.7%
2018 · €65k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result€-1k-€14k
Net result€664-€14k▲ 1,959%
Equity€64k-€77k▲ 21.5%
Total assets€83k-€92k▲ 10.6%
Debt€19k-€14k▼ 25.6%
Working capital€65k-€80k▲ 22.7%
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 2019: €14k after a loss of €1k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €92k
Fixed assets
€2k ▼ 63.4%
Current assets
€89k ▲ 17.1%
Equity and liabilities €92k
Equity
€77k ▲ 21.5%
Debt
€14k ▼ 25.6%
Debt's share of the balance-sheet total falls from 23.2% to 15.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2018 · €5k
Cash flow
€20k▲
2018 · €7k
Current ratio
9.92▲
2018 · 7.05
Quick ratio
9.79▲
2018 · 6.87
Debt to equity
0.07▼
2018 · 0.13
ROE
17.7%▲
2018 · 1.0%
ROA
14.9%▲
2018 · 0.8%
Debt ≤ 1 year
€9k▼
2018 · €11k
Debt > 1 year
€5k▼
2018 · €8k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | ▲ 1.2% |
| Gross operating margin9900 | €5k | €22k | ▲ 335% |
| Operating profit (loss)9901 | €-1k | €14k | ▲ 1,210% |
| Recurring financial income75 | €4k | €4k | = |
| Recurring financial charges65 | €2k | €3k | ▲ 51.4% |
| Profit (loss) for the period before taxes9903 | €664 | €15k | ▲ 2,197% |
| Income taxes67/77 | - | €2k | - |
| Profit (loss) for the period9904 | €664 | €14k | ▲ 1,959% |
| Profit (loss) for the period to be appropriated9905 | €664 | €14k | ▲ 1,959% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €83k | €92k | ▲ 10.6% |
| Fixed assets21/28 | €7k | €2k | ▼ 63.4% |
| Tangible fixed assets22/27 | €7k | €2k | ▼ 64.3% |
| Financial fixed assets28 | €92 | €92 | = |
| Current assets29/58 | €76k | €89k | ▲ 17.1% |
| Stocks and contracts in progress3 | €2k | €1k | ▼ 40.0% |
| Amounts receivable within one year40/41 | €74k | €88k | ▲ 19.0% |
| Cash at bank and in hand54/58 | €370 | €183 | ▼ 50.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €83k | €92k | ▲ 10.6% |
| Equity10/15 | €64k | €77k | ▲ 21.5% |
| Contributions10/11 | €100 | €100 | = |
| Reserves13 | €38k | €51k | ▲ 36.1% |
| Profit (loss) carried forward14 | €26k | €26k | ▲ 0.3% |
| Amounts payable17/49 | €19k | €14k | ▼ 25.6% |
| Amounts payable after more than one year17 | €8k | €5k | ▼ 37.0% |
| Amounts payable within one year42/48 | €11k | €9k | ▼ 16.7% |
| Trade debts44 | €2k | €1k | ▼ 15.9% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €664 | €14k | ▲ 1,959% |
| + Depreciation and write-downs630 | €6k | €6k | ▲ 1.2% |
| Operating cash flow (approximation) | €7k | €20k | ▲ 195% |
| Investment in fixed assets (approximation) | - | €-2k | - |
| Change in cash | - | €-187 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 28 days late
2015
29-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 29 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
NBB filing
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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, Sainte-Ode · 1 establishment unit since 2009
Ground area
2,284 m²
Building footprint
107 m²
Volume, LiDAR
903 m³
2 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FORADIA
since 20092.176.559.343
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82029A0446/00T000 | Wallonia | 2,206 m² | 1 · 107 m² | 10.1 m · 3 fl. |
| 83008B0089/00P000 | Wallonia | 78 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Produits Humidité Traitements
BE 0555.856.520
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Doru Bouw Groep
BE 0832.572.873
Gent · Eq €77,050
H2D
BE 0785.614.975
Lummen · Eq €78,207
DNC BETONBORINGEN
BE 0788.517.552
Tongeren-Borgloon · Eq €78,521
FIBCONN
BE 1000.172.443
Houthalen-Helchteren · Eq €80,279
Of 607 companies in sector 43130 we hold annual accounts for 302. 231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded29-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43130Specialised construction activities
Contact
Phone
0498/36 14 68Durbuy
Scores and ratios are computed by Checked and are not a credit decision.