FORAKO
ActiveSummary
The computed 12-month bankruptcy probability of FORAKO is 2.2% (moderate). The 2025 annual accounts show equity of €35,337 and a net result of -€1,691. Equity has been growing by about 3.4% per year since 2018. Its solvency ranks better than 57% of 5,895 sector peers (NACE 49, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 21-01-2014 Normal situation
- Registered office
- 397 active companies are registered at this address 31 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Freight transport by road NACE 49410
- Establishment unit
- 2.229.764.041 1050 Elsene, since 21-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.2%
- Gross margin
- €37,084
- Turnover
- ≈ €130,000
- estimated
- Loss
- €1,691
- ▼ 83.1%
- Equity
- €35,337
- ▼ 4.6%
- Total assets
- €79,456
- ▲ 31.4%
- Staff
- ≈ 0.6 FTE
- estimated
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)1 of the last 3 accounts lateLiquidity: current ratio 1.80, cash €35lowers riskFounded in 2014Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 49, micro). It does better than 57% of them on solvency, 19% on liquidity, 20% on profitability and 31% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€1,691 View
Recent changes
- · Gazette deed Change of role: GEORGAKIS Konstantinos, from manager to director
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as FORAKO: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €63,200 and €91,300, founded between 2012 and 2016.
| Company | Total assets | Gross margin |
|---|---|---|
| FORAKO Elsene | €79,456 | €37,084 |
| ESESCO Sint-Jans-Molenbeek | €66,285 | €35,434 |
| FAST FORWARD TRANS Sint-Gillis (bij-Brussel) | €63,171 | €44,814 |
| GOR TRANS Grimbergen | €80,760 | €36,487 |
| SARI TRANSPORT Denderleeuw | €91,326 | €38,567 |
| SAHIN Aalst | €87,262 | €31,345 |
| SAP.TRANS Profondeville | €74,530 | €38,956 |
Key facts about FORAKO
- What is the company number of FORAKO?
- The company number of FORAKO is 0544.610.260. The VAT number is the same number with BE in front: BE 0544.610.260.
- Where is FORAKO based?
- The registered office is at Marsveldplein 5, 1050 Elsene.Company details
- What does FORAKO do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of FORAKO?
- The legal form of FORAKO is Private limited company (BV).
- When was FORAKO founded?
- FORAKO was founded on 21-01-2014.
- Is FORAKO still active?
- Yes, FORAKO is an active enterprise in the KBO register.
- What is the turnover of FORAKO?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €37,084 and 60 comparable companies (NACE 49410). It probably lies between €97,000 and €190,000.Financials
- Is FORAKO profitable?
- In financial year 2025, FORAKO made a loss of €1,691.
- Where can I find the annual accounts of FORAKO?
- FORAKO filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FORAKO due?
- FORAKO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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