Equity
€156,208 ▼ 1.6%
FORCAL paid out €10,000 in dividends. That is 135% of the 2025 profit.
FORCAL
Lifetime
19 annual accounts with figures on one time axis, 27 filings since 1999peak €108,161 (2018)
€19,338▲ 24.0%
lowest -€9,088 (2014)
€7,399▲ 671%
peak €184,793 (2021)
€156,208▼ 1.6%
€25,652▲ 154%
peak 1.9 FTE (2007)
-not published
Board2 names since 2016
1 director
Documentsfilings and deeds
09-06-202652 days before the deadline
2025micro format
Gross margin from €15,601 to €19,338Result from €960 to €7,399Dividend €10,000Debts from €10,116 to €25,652
Key points
from the 2025 annual accountsLiquidity
6.00 was 14.03 in 2024
Short-term debts rose from €10,116 to €25,652.
Position in the sector
85.9%
Higher solvency than 88% of companies in real estate. Sector median 31.0% · 19,823 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,044 companies had the same profile as FORCAL has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,044 companies, not a prediction for FORCAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464476184
Registered office moved from Waterloo to Nivelles
New registered office: Les Huttes 3, boîte 8, 1400 Nivelles · Previous registered office: Avenue du Zodiaque 82, 1410 Waterloo · Resignation: (manager) · General meeting of 15-12-2023 · Gazette deed
Registered office moved from La Louvière to Waterloo
New registered office: Avenue du Zodiaque n° 82, 1410 Waterloo · Previous registered office: Rue des Croix du Feu 13 bte 4-7100 La Louvière · Gazette deed
Resignation: (manager)
Director discharge: (manager) · General meeting of 17-02-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FORCAL Nivelles | €181,860 | €19,338 | 85.9% | - |
| MU Brunehaut | €207,292 | €22,040 | 43.9% | - |
| VILLAGE DE NANESSE Liège | €203,357 | €16,546 | 44.8% | - |
| VERIMMO Moorslede | €183,975 | €23,403 | 38.3% | - |
| TRENTE - SEPT DEUX Jurbise | €221,101 | €20,585 | 24.3% | - |
| PROPRIMO Court-Saint-Etienne | €255,042 | €19,068 | 4.6% | - |
| De Kruysstraat Poperinge | €184,329 | €20,175 | 45.9% | - |
These companies have the same main activity as FORCAL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €184,000 and €255,000, founded between 1991 and 1999.
Official details
Source: KBO- Status
- Active since 28-10-1998Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.161.390.9191400 Nivelles, since 01-01-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 07-11-2025
Annual accounts 2025
- ≈ €67,000estimated
- €181,860▲ 7.7%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 09-06-2026, 52 days before the end of the filing period
Insights on FORCAL
FORCAL files the micro format. That format states no turnover. The gross margin fell from €67,398 in 2007 to €19,338 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FORCAL
- What is the company number of FORCAL?
- The company number of FORCAL is 0464.476.184. The VAT number is the same number with BE in front: BE 0464.476.184.
- Where is FORCAL based?
- The registered office is at Les Huttes 3, 1400 Nivelles.Company details
- What does FORCAL do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of FORCAL?
- FORCAL is a private limited company (BV).
- When was FORCAL founded?
- FORCAL was founded on 28-10-1998.
- Is FORCAL still active?
- Yes, FORCAL is an active enterprise in the KBO register.
- How many employees does FORCAL have?
- FORCAL had an average of 0.8 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does FORCAL fall under?
- In its 2025 annual accounts, FORCAL states joint committee 302 (Hotels and catering).
- What is the turnover of FORCAL?
- The turnover in financial year 2025 is ≈ €67,000. This figure is estimated from the gross margin of €19,338 and 31 comparable companies (NACE 68203). It probably lies between €26,000 and €150,000. It is a rough estimate.
- Is FORCAL profitable?
- In financial year 2025, FORCAL made a profit of €7,399.
- Where can I find the annual accounts of FORCAL?
- FORCAL filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FORCAL due?
- FORCAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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