Losses
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Of this, €27,205 falls due within a year.
Lower net result than 87% of companies in rental and leasing. Sector median €4,563 · 2,058 companies.
In July 2024, 868 companies had the same profile as FORCE7 has now. Each dot stands for 3 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
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 868 companies, not a prediction for FORCE7. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| FORCE7 Beauvechain | €0.6m | €23,853 | 3.8% | - |
| RISING TIDE Wavre | €0.4m | €50,280 | 100.0% | - |
| BRABUS BOATS Temse | €0.6m | €59,763 | 5.0% | - |
| ALGUE ROUGE Waterloo | €0.5m | €15,441 | 39.3% | - |
| Pluym-Yachting Ravels | €0.1m | €11,946 | 40.7% | - |
| GROUP OCEANUS Lummen | €0.7m | -€56,966 | -17.4% | 0 |
| NORTH SEA POWER BOATS Nieuwpoort | €2.2m | €63,993 | 91.5% | 0.5 |
These companies have the same main activity as FORCE7: rental and leasing activities (NACE 77340). They are comparable in size and age: total assets between €129,000 and €2.2m, founded between 2019 and 2023.
FORCE7 files the micro format. That format states no turnover. The gross margin rose from €8,825 in 2023 to €23,853 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €66,000. Estimated: probably between €51,000 and €140,000.
Higher than 26% of 2,058 companies in 2025.
Higher than 16% of 1,958 companies in 2025.
Higher than 27% of 1,981 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
645,107 | 682,341 | 712,735 | |
21/28 |
637,990 | 675,374 | 711,536 | |
22/27 |
637,990 | 675,374 | 711,536 | |
22 |
637,582 | 674,559 | 711,536 | |
23 |
408 | 815 | - | |
29/58 |
7,117 | 6,967 | 1,199 | |
40/41 |
- | 1,402 | 305 | |
40 |
- | 1,331 | 305 | |
41 |
- | 71 | - | |
54/58 |
7,116 | 5,565 | 894 | |
490/1 |
1 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
645,107 | 682,341 | 712,735 | |
10/15 |
24,559 | 48,223 | 69,657 | |
10/11 |
100,000 | 100,000 | 100,000 | |
14 |
-75,441 | -51,777 | -30,343 | |
17/49 |
620,548 | 634,118 | 643,078 | |
17 |
593,343 | 607,829 | 621,710 | |
170/4 |
213,724 | 228,210 | 242,091 | |
178/9 |
379,619 | 379,619 | 379,619 | |
42/48 |
27,205 | 26,289 | 21,368 | |
42 |
21,554 | 20,948 | 14,376 | |
44 |
- | 3,738 | 4,065 | |
440/4 |
- | 3,738 | 4,065 | |
45 |
863 | - | 1,253 | |
450/3 |
863 | - | 1,253 | |
47/48 |
4,788 | 1,603 | 1,674 | |
| Income statement | ||||
9900 |
23,853 | 27,819 | 8,825 | |
630 |
37,384 | 37,384 | 29,213 | |
640/8 |
- | 1,156 | 2,478 | |
9901 |
-13,531 | -10,721 | -22,866 | |
65/66B |
10,133 | 10,713 | 7,477 | |
65 |
10,133 | 10,713 | 7,477 | |
9903 |
-23,664 | -21,434 | -30,343 | |
9904 |
-23,664 | -21,434 | -30,343 | |
9905 |
-23,664 | -21,434 | -30,343 | |
| Appropriation of the result | ||||
9906 |
-75,441 | -51,777 | -30,343 | |
14P |
-51,777 | -30,343 | - | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 23,853 | 26,663 | 6,347 | ||
| 13,720 | 15,950 | -1,130 | ||
| 0 | 1,222 | 740,749 | ||
| 1,551 | 4,671 | - | ||
| -20,088 | -19,322 | -20,169 | ||
| 3.8% | 7.1% | 9.8% | ||
| 0.26 | 0.27 | 0.06 | ||
| 25.27 | 13.15 | 9.23 | ||
| -96.4% | -44.4% | -43.6% | ||
| -3.7% | -3.1% | -4.3% | ||
| 2.35 | 2.49 | 0.85 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €1,222 | €739,535 |
| Intangible fixed assets | - | - | €1,214 |
| €37,384 | €37,384 | €29,213 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,531, larger than the loss of €10,721 in 2024.
Debt's share of the balance-sheet total rises from 92.9% to 96.2%. Equity and debt are lower.
FORCE7 has no parent and no holdings in its annual accounts. is the only director. FORCE7 shares no director with another company.
| Cabinet Medical Carrasco
registered office since 17-06-2011 · founded in 2011 |
total assets €601,641 (2025) 0837.060.411 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Chemin du Vivier Saint-Laurent 7 registered office 1320 Beauvechain | 27-02-2023 | 2.342.560.688 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25073A0093/00B002 | 1,366 m² | 1 · 120 m² | 9.3 m · 2 |
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