FORAKO
ActiveThe computed 12-month bankruptcy probability of FORAKO is 2.6% (moderate). The 2025 annual accounts show equity of €35k and a net result of €-2k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 4488 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+32
Solvency69▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 2.58 in 2024; short-term debt: 55.5% and cash: 0% of total assets), but 55.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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 2025Solvency, return and age of the figures
Solvency
44.5%
Return on assets
-2.1%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192122232425
2018 to 2025 · latest year €-2k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
41 d early
2023
43 d late
2022
102 d late
2021
31 d late
2019
90 d late
2018
59 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2k▲ 83.1%
2024 · €-10k
2018: €20k
2019: €6k
2021: €17k
2022: €-1k
2023: €-1k
2024: €-10k
2018 → 2025
Working capital
€35k▼ 4.6%
2024 · €37k
2018: €18k
2019: €25k
2021: €50k
2022: €37k
2023: €41k
2024: €37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€48k▼ 2.2%€47k▼ 2.9%€37k▼ 21.3%€35k▼ 4.6%
Operating result€18k-€2k▼ 86.5%€-642€-8k▼ 1,140%€5k
Net result€17k-€-1k€-1k▼ 27.7%€-10k▼ 608%€-2k▲ 83.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €79k
Equity
€35k▼ 4.6%
Debt
€44k▲ 88.3%
The debt ratio rises from 38.8% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
44.5%▼
2024 · 61.2%
Current ratio
1.80▼
2024 · 2.58
Quick ratio
1.80▼
2024 · 2.58
Debt / equity
1.25▲
2024 · 0.63
ROE
-4.8%▲
2024 · -27.0%
ROA
-2.1%▲
2024 · -16.6%
Debt
€44k▲
2024 · €23k
Debt ≤ 1 year
€44k▲
2024 · €23k
Income taxes
€2k▲
2024 · €2k
Staff costs
€25k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€60k€79k▲
Current assets29/58€60k€79k▲
Amounts receivable within one year40/41€60k€79k▲
Trade receivables40€26k€40k▲
Other amounts receivable41€34k€39k▲
Cash at bank and in hand54/58€8€35▲
Equity and liabilities
Total equity and liabilities10/49€60k€79k▲
Equity10/15€37k€35k▼
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Profit (loss) carried forward14€18k€17k▼
Amounts payable17/49€23k€44k▲
Amounts payable within one year42/48€23k€44k▲
Financial debts43€4k€4k▲
Credit institutions430/8€4k€4k▲
Trade debts44€13k€30k▲
Suppliers440/4€13k€30k▲
Taxes, remuneration and social security45€7k€10k▲
Taxes450/3€7k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€25k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k-
Other operating charges640/8€469€7k▲
Gross operating margin9900€-2k€37k▲
Operating profit (loss)9901€-8k€5k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€221€4k▲
Recurring financial charges65€221€4k▲
Profit (loss) for the period before taxes9903€-8k€776▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€-10k€-2k▲
Profit (loss) for the period to be appropriated9905€-10k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€17k▼
Profit (loss) brought forward from the previous period14P€28k€18k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 102 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 59 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 92 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 92 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Elsene · 1 establishment unit since 2014
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.
Marsveldplein 51050 ElseneGround area
3,724 m²
Building footprint
1,306 m²
Volume, LiDAR
98,133 m³
Parcel 21009A0769/00S002, Brussels · tallest building 99.0 m, ±27 floors. Linked by address, not a title deed.
1 establishment unit
FORAKO
since 20142.229.764.041
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0769/00S002 | Brussels | 3,724 m² | 1 · 1,306 m² | 99.0 m · 27 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.
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ANTWERP TRANS
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VALI TRANS
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 5,696 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2014
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.