FORCE
ActiveSummary
FORCE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €131k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency34▼-60
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 3.16 in 2024; short-term debt: 90.8% and cash: 34.9% of total assets), and 90.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.2%
Return on assets
34.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
8 d late
2023
13 d early
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▼ 86.4%
2024 · €257k
Total assets
€383k▲ 2.2%
2024 · €374k
Net result
€131k▼ 26.2%
2024 · €177k
Working capital
€33k▼ 86.8%
2024 · €253k
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
Line2022202320242025
Operating result€107k-€215k▲ 102%€231k▲ 7.3%€170k▼ 26.5%
Net result€84k-€166k▲ 97.6%€177k▲ 6.6%€131k▼ 26.2%
Equity€45k-€155k▲ 241%€257k▲ 66.3%€35k▼ 86.4%
Total assets€146k-€217k▲ 48.7%€374k▲ 72.1%€383k▲ 2.2%
Debt€101k-€63k▼ 37.8%€117k▲ 86.6%€347k▲ 197%
Working capital€43k-€152k▲ 250%€253k▲ 66.3%€33k▼ 86.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383k
Fixed assets
€2k ▼ 60.3%
Current assets
€381k ▲ 3.0%
Equity and liabilities €383k
Equity
€35k ▼ 86.4%
Debt
€347k ▲ 197%
Debt's share of the balance-sheet total rises from 31.3% to 90.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€172k▼
2024 · €234k
Cash flow
€134k▼
2024 · €180k
Current ratio
1.10▼
2024 · 3.16
Debt to equity
9.91▲
2024 · 0.46
ROE
373.3%▲
2024 · 69.0%
ROA
34.2%▼
2024 · 47.4%
Interest coverage
99.20▼
2024 · 8201.03
Debt ≤ 1 year
€347k▲
2024 · €117k
Income taxes
€38k▼
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €1k | €3k | €3k | ▼ 2.7% |
| Other operating charges640/8 | - | - | - | €191 | - |
| Gross operating margin9900 | €109k | €216k | €234k | €173k | ▼ 26.1% |
| Operating profit (loss)9901 | €107k | €215k | €231k | €170k | ▼ 26.5% |
| Financial income75/76B | - | - | - | €1k | - |
| Recurring financial income75 | - | - | - | €1k | - |
| Financial charges65/66B | €999 | €24 | €29 | €2k | ▲ 6,001% |
| Recurring financial charges65 | €999 | €24 | €29 | €2k | ▲ 6,001% |
| Profit (loss) for the period before taxes9903 | €106k | €215k | €231k | €169k | ▼ 26.7% |
| Income taxes67/77 | €21k | €49k | €53k | €38k | ▼ 28.5% |
| Profit (loss) for the period9904 | €84k | €166k | €177k | €131k | ▼ 26.2% |
| Profit (loss) for the period to be appropriated9905 | €84k | €166k | €177k | €131k | ▼ 26.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €146k | €217k | €374k | €383k | ▲ 2.2% |
| Fixed assets21/28 | €2k | €3k | €4k | €2k | ▼ 60.3% |
| Tangible fixed assets22/27 | €2k | €3k | €4k | €2k | ▼ 60.3% |
| Furniture and vehicles24 | €2k | €3k | €4k | €2k | ▼ 60.3% |
| Current assets29/58 | €144k | €215k | €370k | €381k | ▲ 3.0% |
| Amounts receivable within one year40/41 | €109k | €122k | €233k | €181k | ▼ 22.1% |
| Trade receivables40 | €109k | €122k | €233k | €149k | ▼ 35.8% |
| Other amounts receivable41 | €3 | €0 | €0 | €32k | - |
| Current investments50/53 | - | - | €60k | €61k | ▲ 1.6% |
| Cash at bank and in hand54/58 | €35k | €93k | €77k | €134k | ▲ 73.7% |
| Deferred charges and accrued income490/1 | - | - | - | €5k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €146k | €217k | €374k | €383k | ▲ 2.2% |
| Equity10/15 | €45k | €155k | €257k | €35k | ▼ 86.4% |
| Contributions10/11 | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €41k | €151k | €253k | €31k | ▼ 87.7% |
| Amounts payable17/49 | €101k | €63k | €117k | €347k | ▲ 197% |
| Amounts payable within one year42/48 | €101k | €63k | €117k | €347k | ▲ 197% |
| Trade debts44 | €966 | €530 | €10k | €2k | ▼ 77.2% |
| Suppliers440/4 | €966 | €530 | €10k | €2k | ▼ 77.2% |
| Taxes, remuneration and social security45 | €41k | €62k | €106k | €105k | ▼ 1.3% |
| Taxes450/3 | €36k | €59k | €103k | €102k | ▼ 1.3% |
| Remuneration and social security454/9 | €5k | €3k | €3k | €3k | = |
| Other amounts payable47/48 | €59k | €0 | - | €240k | - |
| Accrued charges and deferred income492/3 | - | - | €241 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €166k | €177k | €131k | ▼ 26.2% |
| + Depreciation and write-downs630 | €3k | €1k | €3k | €3k | ▼ 2.7% |
| Operating cash flow (approximation) | €87k | €167k | €180k | €134k | ▼ 25.9% |
| Investment in fixed assets (approximation) | - | €-2k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €58k | €-16k | €57k | ▲ 447% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Highest result since 2022net €177k ▲6.6%
Operating result €231k, net result €177k, both a record.
31-12
Financial
Equity above €200kEq €257k ▲66.3%
3 profitable years in a row build equity to €257k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.42
Current ratio from 1.43 to 3.42; short-term debt falls from €101k to €63k.
31-12
Financial
Equity above €150kEq €155k ▲241%
2 profitable years in a row build equity to €155k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Couvin · 1 establishment unit since 2021
Ground area
3,704 m²
Building footprint
1,693 m²
Parcel 93039B0353/02T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FORCE SRL
since 20212.326.180.754
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93039B0353/02T000 | Wallonia | 3,704 m² | 1 · 1,693 m² | - |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 35,649 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
florence@sanitairesriche.be
Phone
+3260310330
Scores and ratios are computed by Checked and are not a credit decision.