Force 7 III
ActiveSummary
The computed 12-month bankruptcy probability of Force 7 III is 2.8% (moderate). The 2024 annual accounts show negative equity (-€4,055) and a net result of -€2,930. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 18940 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▲+11
Solvency24▼-1
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.17 in 2023; short-term debt: 49% and cash: 2.5% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
-1.4%
Return on assets
-1%
Age of the figures
21 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€4,055
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-02-2026, 200 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
200 d late
2023
574 d late
2022
73 d late
2021
415 d late
2020
778 d late
2019
1143 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 531 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,930▲ 79.8%
2023 · -€14,492
Working capital
-€114,958▼ 13.3%
2023 · -€101,477
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,620▲ 85.8%€15,191▼ 32.8%-€4,609-€6,838▼ 48.4%€4,417
Net result€12,033within the sector's middle half▲ 1,226%€6,338within the sector's middle half▼ 47.3%-€12,916below the sector's middle half-€14,492within the sector's middle half▼ 12.2%-€2,930within the sector's middle half▲ 79.8%
Equity€19,945within the sector's middle half▲ 152%€26,283within the sector's middle half▲ 31.8%€13,367within the sector's middle half▼ 49.1%-€1,125within the sector's middle half-€4,055below the sector's middle half▼ 260%
Total assets€342,252above the sector's middle half▼ 7.2%€339,414above the sector's middle half▼ 0.8%€317,755above the sector's middle half▼ 6.4%€288,148within the sector's middle half▼ 9.3%€283,331above the sector's middle half▼ 1.7%
Debt€322,306▼ 10.7%€313,131▼ 2.8%€304,388▼ 2.8%€289,274▼ 5.0%€287,386▼ 0.7%
Working capital-€77,028below the sector's middle half▲ 24.3%-€68,781below the sector's middle half▲ 10.7%-€80,603below the sector's middle half▼ 17.2%-€101,477below the sector's middle half▼ 25.9%-€114,958below the sector's middle half▼ 13.3%
Solvency5.8%within the sector's middle half▲ 3.7pp7.7%within the sector's middle half▲ 1.9pp4.2%within the sector's middle half▼ 3.5pp-0.4%within the sector's middle half▼ 4.6pp-1.4%within the sector's middle half▼ 1.0pp
Current ratio0.14below the sector's middle half▲ 0.060.28below the sector's middle half▲ 0.130.26below the sector's middle half▼ 0.020.17below the sector's middle half▼ 0.090.17below the sector's middle half▲ 0.01
Return on assets (ROA)3.5%within the sector's middle half▲ 3.3pp1.9%within the sector's middle half▼ 1.6pp-4.1%within the sector's middle half▼ 5.9pp-5.0%within the sector's middle half▼ 1.0pp-1.0%within the sector's middle half▲ 4.0pp
Staff (FTE)0.8below the sector's middle half▲ 33.3%0.7▼ 12.5%1.7▲ 143%0.8below the sector's middle half▼ 52.9%1.3▲ 62.5%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,417 after a loss of €6,838 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €282,256
Fixed assets
€258,456 ▼ 3.5%
Current assets
€23,801 ▲ 17.9%
Key figures and ratios
EBITDA
€20,485▲
2023 · €16,164
Cash flow
€13,137▲
2023 · €8,510
Quick ratio
0.09▲
2023 · 0.08
Debt to equity
-70.87
Interest coverage
2.83▲
2023 · 2.15
Debt ≤ 1 year
€138,759▲
2023 · €121,664
Debt > 1 year
€148,628▼
2023 · €167,610
Income taxes
€99▼
2023 · €123
Staff costs
€31,882▲
2023 · €29,738
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,332 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17,019 | €20,181 | €33,381 | €29,738 | €31,882 | ▲ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,185 | €22,640 | €23,241 | €23,002 | €16,067 | ▼ 30.1% |
| Other operating charges640/8 | €3,351 | €3,242 | €4,710 | €5,690 | €4,195 | ▼ 26.3% |
| Gross operating margin9900 | €65,175 | €61,255 | €56,723 | €51,592 | €56,562 | ▲ 9.6% |
| Operating profit (loss)9901 | €22,620 | €15,191 | -€4,609 | -€6,838 | €4,417 | ▲ 165% |
| Financial income75/76B | - | €143 | €93 | - | - | - |
| Recurring financial income75 | - | €143 | €93 | - | - | - |
| Financial charges65/66B | €10,478 | €8,887 | €8,281 | €7,531 | €7,248 | ▼ 3.8% |
| Recurring financial charges65 | €10,478 | €8,887 | €8,281 | €7,531 | €7,248 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €12,142 | €6,448 | -€12,797 | -€14,369 | -€2,831 | ▲ 80.3% |
| Income taxes67/77 | €109 | €110 | €119 | €123 | €99 | ▼ 19.7% |
| Profit (loss) for the period9904 | €12,033 | €6,338 | -€12,916 | -€14,492 | -€2,930 | ▲ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €12,033 | €6,338 | -€12,916 | -€14,492 | -€2,930 | ▲ 79.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €342,252 | €339,414 | €317,755 | €288,148 | €283,331 | ▼ 1.7% |
| Formation expenses20 | - | - | - | - | €1,075 | - |
| Fixed assets21/28 | €329,352 | €313,233 | €289,375 | €267,962 | €258,456 | ▼ 3.5% |
| Tangible fixed assets22/27 | €326,952 | €309,957 | €288,499 | €267,962 | €258,456 | ▼ 3.5% |
| Land and buildings22 | €313,516 | €298,510 | €281,342 | €264,031 | €250,306 | ▼ 5.2% |
| Plant, machinery and equipment23 | €5,223 | €5,308 | €3,905 | €3,564 | €3,554 | ▼ 0.3% |
| Furniture and vehicles24 | €8,214 | €6,140 | €3,253 | €366 | €4,596 | ▲ 1,154% |
| Financial fixed assets28 | €2,400 | €3,276 | €876 | - | - | - |
| Current assets29/58 | €12,900 | €26,181 | €28,380 | €20,187 | €23,801 | ▲ 17.9% |
| Stocks and contracts in progress3 | €7,208 | €9,683 | €10,649 | €9,996 | €10,725 | ▲ 7.3% |
| Stocks30/36 | €7,208 | €9,683 | €10,649 | €9,996 | €10,725 | ▲ 7.3% |
| Amounts receivable within one year40/41 | - | €12,926 | €12,926 | €5,642 | €5,642 | = |
| Other amounts receivable41 | - | €12,926 | €12,926 | €5,642 | €5,642 | = |
| Cash at bank and in hand54/58 | €4,213 | €1,644 | €4,446 | €3,626 | €7,016 | ▲ 93.5% |
| Deferred charges and accrued income490/1 | €1,478 | €1,927 | €359 | €923 | €419 | ▼ 54.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €342,252 | €339,414 | €317,755 | €288,148 | €283,331 | ▼ 1.7% |
| Equity10/15 | €19,945 | €26,283 | €13,367 | -€1,125 | -€4,055 | ▼ 260% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Capital10 | €60,000 | €60,000 | €60,000 | €60,000 | - | - |
| Issued capital100 | €60,000 | €60,000 | €60,000 | €60,000 | - | - |
| Reserves13 | €437 | €437 | €437 | €437 | €437 | = |
| Non-distributable reserves130/1 | €437 | €437 | €437 | €437 | - | - |
| Legal reserve130 | €437 | €437 | €437 | €437 | - | - |
| Distributable reserves133 | - | - | - | - | €437 | - |
| Profit (loss) carried forward14 | -€40,491 | -€34,153 | -€47,070 | -€61,562 | -€64,492 | ▼ 4.8% |
| Amounts payable17/49 | €322,306 | €313,131 | €304,388 | €289,274 | €287,386 | ▼ 0.7% |
| Amounts payable after more than one year17 | €232,379 | €218,169 | €195,405 | €167,610 | €148,628 | ▼ 11.3% |
| Financial debts170/4 | €232,379 | €218,169 | €195,405 | €167,610 | €148,628 | ▼ 11.3% |
| Amounts payable within one year42/48 | €89,928 | €94,962 | €108,983 | €121,664 | €138,759 | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | €27,097 | €25,645 | €21,181 | €23,319 | €18,982 | ▼ 18.6% |
| Financial debts43 | €4,525 | €1,157 | €3,888 | €350 | - | - |
| Credit institutions430/8 | €4,525 | €1,157 | €3,888 | €350 | - | - |
| Trade debts44 | €14,367 | €14,602 | €12,599 | €9,533 | €17,698 | ▲ 85.7% |
| Suppliers440/4 | €14,367 | €14,602 | €12,599 | €9,533 | €17,698 | ▲ 85.7% |
| Taxes, remuneration and social security45 | €12,993 | €2,255 | €9,880 | €13,410 | €11,000 | ▼ 18.0% |
| Taxes450/3 | €12,325 | €1,431 | €8,818 | €11,300 | €8,648 | ▼ 23.5% |
| Remuneration and social security454/9 | €669 | €824 | €1,062 | €2,111 | €2,352 | ▲ 11.4% |
| Other amounts payable47/48 | €30,946 | €51,303 | €61,435 | €75,051 | €91,078 | ▲ 21.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,033 | €6,338 | -€12,916 | -€14,492 | -€2,930 | ▲ 79.8% |
| + Depreciation and write-downs630 | €22,185 | €22,640 | €23,241 | €23,002 | €16,067 | ▼ 30.1% |
| Operating cash flow (approximation) | €34,218 | €28,978 | €10,324 | €8,510 | €13,137 | ▲ 54.4% |
| Investment in fixed assets (approximation) | - | -€6,522 | €617 | -€1,588 | -€6,561 | ▼ 313% |
| Change in cash | - | -€2,569 | €2,801 | -€820 | €3,390 | ▲ 513% |
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
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 574 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 200 days late
2023
31-12
Financial
Weakest financial yearnet -€14,492
Net result drops to -€14,492, the lowest in the series; recovery starts the following year.
27-10
KBO administration
Strikeout withdrawn
event 12-10-2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 415 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 778 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1143 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1509 days late
2020
31-12
Financial
Highest result since 2018net €12,033 ▲1,226%
Operating result €22,620, net result €12,033, both a record.
2019
31-12
Financial
Back to profitnet €908
Net result €908 after one loss-making year.
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 266 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 153 days late
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 152 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wanze · 1 establishment unit since 2013
Ground area
261 m²
Building footprint
61 m²
Parcel 61072A0176/00S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Force 7
since 20132.222.510.124
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61072A0176/00S000indicative | Wallonia | 261 m² | 1 · 61 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWanze2.222.510.124
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 7,890 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
Founded17-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
Contact
E-mail
grofils.luc@skynet.beWanze
Phone
0476224487Wanze
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538665348
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.