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FORCECOM

Active Private limited company (pre-2019)founded 1989active for 37 yearsNijverheidslaan 73, 9250 WaasmunsterKBO/BCE: BE 0436.901.163
FORCECOM
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Overview

Lifetime

13 annual accounts with figures on one time axis, 34 filings since 1989
peak €3,372 (2017)
-€1,492 
lowest -€11,027 (2010)
-€2,633 
peak -€15,387 (2009)
-€54,350▼ €2,633
€74,095▲ 2.6%
Board1 name since 2021
1 directorVan Puyvelde Wim
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Loss of €2,633Cash from €1 to €67

Key points

from the 2025 annual accounts

Equity

-€54,350
201920212022202320242025

Debts exceed assets in financial year 2025.

Debts

€74,095 375% of the balance sheet

Filings

34 annual accounts since 1989
AprilJune31 JulyOctober1990200020102020

Four of the last ten came late. The 2023 accounts came latest: 308 days after the end of the period.

Turnover not published (micro format)

Checked score

53
Fair
Financially stronger than 12% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 3.7% 01-2025: 6.4%▲ +2.7 percentage points vs 12-2024 02-2025: 6.4%● unchanged vs 01-2025 03-2025: 6.8%▲ +0.4 percentage points vs 02-2025highest value 04-2025: 6.5%▼ -0.3 percentage points vs 03-2025 05-2025: 6.5%● unchanged vs 04-2025 06-2025: 6.5%● unchanged vs 05-2025 07-2025: 0.8%▼ -5.7 percentage points vs 06-2025lowest value 08-2025: 0.8%● unchanged vs 07-2025lowest value 09-2025: 0.8%● unchanged vs 08-2025lowest value 10-2025: 0.8%● unchanged vs 09-2025lowest value 11-2025: 0.8%● unchanged vs 10-2025lowest value 12-2025: 0.8%● unchanged vs 11-2025lowest value 01-2026: 0.8%● unchanged vs 12-2025lowest value 02-2026: 0.8%● unchanged vs 01-2026lowest value 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 1.0%▲ +0.1 percentage points vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.1 percentage points vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026 11-2026: 1.1%● unchanged vs 10-2026

Financial strength
Weak

0equity -275.3% of total assets
0short-term debt 375.3% · cash 0.3%
4return on assets -13.3%

Score breakdown

raises risk
Capped at 59: negative equity
Loss of €2,633 (financial year 2025)
Negative equity -€54,350
lowers risk
Size: total assets €19,745
Founded in 1989
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 5% of them on solvency, 4% on liquidity, 9% on profitability and 31% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,619 companies had the same profile as FORCECOM has now. Each dot stands for 17 companies, two years later.

84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 1.0% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of FORCECOM itself: 1.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 6,619 companies, not a prediction for FORCECOM. 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

No credit on open account

Liquidity is insufficient, with a current ratio of 0.27 (0.28 in 2024), below 1. Short-term debt is 375.3% and cash 0.3% of total assets. Equity is negative.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €19,745
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €2,633 (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€54,350
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18192122232425
2018 to 2025 · latest year -€54,350
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
57 days early
2023
308 days late
2022
50 days late
2021
32 days early
2019
31 days late
2018
19 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 40 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 55 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VP
Van Puyvelde Wim
Director
Board & ownership

Recent changes

First establishment Nijverheidslaan 73, Waasmunster
Incorporation published on 25-03-1989 · Gazette deed
All 39 events

Official details

Source: KBO
Status
Active since 10-03-1989Normal situation
Activity
No activity registered in the KBO
Establishment unit
2.042.624.5159250 Waasmunster, since 22-03-1989
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

-€1,492
€2,633
-€54,350▼ 5.1%
€19,745▼ 3.6%
Filing
Filed on 29-07-2026, 2 days before the end of the filing period
Financials

Insights on FORCECOM

FORCECOM files the micro format. That format states no turnover. The gross margin fell from -€1,152 in 2009 to -€1,492 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-07-2026, 2 days before the deadline
-€1,492
-€2,573
-€2,633
-€54,350
▼ €2,633
-275.3%
▼ 22.7 percentage points
0.27
▼ 0.02

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €19,745 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120192018201720162015201120102009
Balance sheet: assets
20/58 19,74520,47822,75822,75722,76221,65723,0551,67426,0855,9097,00412,17517,139
22/27 ----------4,8069,61314,419
24 ----------4,8069,61314,419
29/58 19,74520,47822,75822,75722,76221,65723,0551,67426,0855,9092,1982,5622,720
40/41 19,67720,47722,75722,75722,76221,65622,9441,53225,7435,5182,1982,3312,720
40 -------1,53225,4595,5182,1762,1762,720
41 19,67720,47722,75722,75722,76221,65622,944-284-22155-
54/58 6711--1111142342391-231-
Balance sheet: equity and liabilities
10/49 19,74520,47822,75822,75722,76221,65723,0551,67426,0855,9097,00412,17517,139
10/15 -54,350-51,717-51,717-51,717-51,669-49,790-43,853-41,571-43,013-42,837-34,519-26,414-15,387
10/11 18,59218,59218,59218,59218,59218,59218,59218,59218,59218,592---
10 ----------18,59218,59218,592
100 -----18,59218,59218,59218,59218,59218,59218,59218,592
13 ----------1--
133 ----------1--
14 -72,942-70,309-70,309-70,309-70,261-68,382-62,445-60,163-61,605-61,429-53,112-45,006-33,979
16 ----------1,7981,7981,798
160/5 ----------1,7981,7981,798
17/49 74,09572,19574,47474,47474,43171,44766,90843,24569,09848,74639,72536,79130,728
17 ----------4,4118,60812,598
170/4 ----------4,4118,60812,598
42/48 74,09572,19574,47474,47474,43165,58866,90843,24569,09845,23235,31428,18318,130
42 ----------4,1963,9903,794
43 ---441-----2,129-344
430/8 ---441-----2,129-344
44 --2,2802,2802,2807105,2105,91225,085225-121545
440/4 --2,2802,2802,2807105,2105,91225,085225-121545
45 ------7401,5004301,424--93
450/3 ------7401,5004301,424--93
47/48 74,09572,19572,19572,15072,15064,87860,95835,83343,58343,58328,98924,07213,354
492/3 -----5,859---3,514---
Income statement
9900 -1,492-----5,859-2,0203,3728452,577-1,834-4,587-1,152
630 ----------4,8074,8064,806
640/8 1,081---348-5481,1909711,2587297481,452
9901 -2,573----348-5,859-2,5682,182-1261,319-7,370-10,141-7,410
65/66B 61--48797837-5050---
65 61--48797837-50507368861,041
9903 -2,633---48-427-5,937-2,6052,182-1761,269-8,106-11,027-8,451
67/77 -------323740-430--16
9904 -2,633---48-427-5,937-2,2821,442-176839-8,106-11,027-8,467
9905 -2,633---48-427-5,937-2,2821,442-176839-8,106-11,027-8,467
Appropriation of the result
9906 -72,942-70,309-70,309-70,309-70,261-68,382-62,445-60,163-61,605-61,429-53,112-45,006-33,979
14P -70,309-70,309-70,309-70,261-69,834------45,006-33,979-25,512
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 20 older financial years (1989-2008) were filed as documents without figures as data, scans for example.

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-07-2026 2026-00349507 PDF
31-12-2024 micro format 04-06-2025 2025-00119769 PDF
31-12-2023 micro format 04-06-2025 2025-00119770 PDF
31-12-2022 micro format 19-09-2023 2023-00448432 PDF
31-12-2021 micro format 29-06-2022 2022-20104271 PDF
31-12-2019 micro format 31-08-2020 2020-46900113 PDF
31-12-2018 micro format 12-07-2019 2019-31100344 PDF
31-12-2017 abbreviated format 29-06-2018 2018-24700562 PDF
31-12-2016 abbreviated format 08-08-2017 2017-41400592 PDF
31-12-2015 abbreviated format 09-06-2016 2016-16100100 PDF
31-12-2014 abbreviated format 10-06-2015 2015-15700408 PDF
31-12-2011 abbreviated format 16-07-2012 2012-30400013 PDF
31-12-2010 abbreviated format 27-07-2011 2011-34700258 PDF
31-12-2009 abbreviated format 29-07-2010 2010-36800391 PDF
31-12-2008 abbreviated format 02-08-2009 2009-55600058 PDF
31-12-2007 abbreviated format 15-07-2008 2008-42500398 PDF
31-12-2006 abbreviated format 30-07-2007 2007-48900317 PDF
31-12-2005 abbreviated format 31-07-2006 2006-59101574 PDF
31-12-2004 abbreviated format 27-07-2005 2005-57605241 PDF
31-12-2003 abbreviated format 27-07-2004 2004-52002294 PDF
31-12-2002 abbreviated format 25-07-2003 2003-51202760 PDF
31-12-2001 abbreviated format 25-07-2002 2002-42202561 PDF
31-12-2000 abbreviated format 24-07-2001 2001-42002334 PDF
31-12-1999 abbreviated format 24-07-2000 2000-45301483 PDF
31-12-1998 abbreviated format 27-07-1999 1999-37002418 PDF
31-12-1997 abbreviated format 24-07-1998 1998-35602318 PDF
31-12-1996 abbreviated format 30-07-1997 1997-34603741 PDF
31-12-1995 abbreviated format 26-07-1996 1996-36904193 PDF
31-12-1994 abbreviated format 16-08-1995 1995-45703116 PDF
31-12-1993 abbreviated format 29-06-1994 1994-22002961 PDF
31-12-1992 abbreviated format 30-08-1993 1993-33404946 PDF
31-12-1991 abbreviated format 31-08-1992 1992-30003952 PDF
31-12-1990 abbreviated format 07-10-1991 1991-27701024 PDF
31-12-1989 abbreviated format 10-07-1990 1990-16802608 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120192018201720162015201120102009
-----------2,563-5,335-2,604
-----------3,299-6,221-3,661
----------00-
670----110-31-200-49----
-54,350-51,717-51,717-51,717-51,669-43,931-43,853-41,571-43,013-39,323-33,116-25,621-15,410
-275.3%-252.5%-227.3%-227.3%-227.0%-229.9%-190.2%--164.9%-724.9%-492.8%-217.0%-89.8%
0.270.280.310.310.310.330.34-0.380.130.060.090.15
-13.3%---0.2%-1.9%-27.4%-9.9%--0.7%14.2%-115.7%-90.6%-49.4%
-----------3.48-6.02-2.50

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Insights on FORCECOM

The operating result for 2025 is a loss of €2,573, against a loss of €348 in 2021. Comparable figures for the intervening years are unavailable.

Equity is negative. Debt (€74,095) exceeds the balance-sheet total (€19,745).

Board & ownership

Board

1 director
Van Puyvelde Wim
Director
listed in the 2022 annual accounts, filed on 19-09-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Van Puyvelde Wim
Director
Boardmandate already running before its first mention
Mandates as a list
  • Van Puyvelde Wim
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,592.01
Source
2025 annual accounts

Network & group

No group

FORCECOM has no parent and no holdings in its annual accounts. Van Puyvelde Wim is the only director. FORCECOM shares no director with another company.

At the same address

Nijverheidslaan 73, 9250 Waasmunster · 5 other companies
TELFORCE
registered office since 15-03-2006 · founded in 2006
 total assets €729,870 (2025)
0879.762.185
FORCETEC
registered office since 16-12-2014 · founded in 2007 · negative equity (2025)
 total assets €18,460 (2025)
0886.433.510
Van Puyvelde, Sem (sole trader)
establishment since 13-05-2026
 founded in 2026
1037.944.243
Puvytec
registered office since 30-04-2021
 founded in 2021
0767.677.893
Comadco
registered office since 26-09-2011
 founded in 2011
0839.781.854

Timeline

Timeline

39 events since 1989

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 2 days before the deadline
2025
Annual accounts 2023 filed PDFmicro format · 308 days late
Annual accounts 2024 filed PDFmicro format · 57 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 50 days late
2022
Annual accounts 2021 filed PDFmicro format · 32 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 31 days late
2019
Annual accounts 2018 filed PDFmicro format · 19 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 32 days before the deadline
2017
Back to profit net €1,442 The net result is €1,442, after one loss-making year.
Annual accounts 2016 filed PDFabbreviated format · 8 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 52 days before the deadline
2015
Back to profit net €839 The net result is €839, after 4 loss-making years.
Annual accounts 2014 filed PDFabbreviated format · 51 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 15 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 4 days before the deadline
2010
Weakest financial year net -€11,027 The net result drops to -€11,027, the lowest from 2009 to 2025. It recovers the following year.
Annual accounts 2009 filed PDFabbreviated format · 2 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 2 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 16 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 1 day before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
First establishment Nijverheidslaan 73, Waasmunster
Incorporation published on 25-03-1989

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FORCECOM was incorporated on 10 March 1989.1 Total assets fell from €23,055 in 2018 to €19,745 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0436.901.163
VAT number
BE 0436.901.163
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
10-03-1989
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
FORCECOM in Dutch
Entity type
Legal entity

Registered office and establishments

1 establishment
Establishment Since Unit number
Nijverheidslaan 73 registered office 9250 Waasmunster 4321102 General electrical installation work 22-03-1989 2.042.624.515

Buildings and parcels at the address

Ground area
1,358 m²
Buildings
252 m²
Volume, LiDAR
821 m³
Tallest building
7.2 m
Buildings to scale, each on its own parcel
252 m², 7.2 m 252 m², 7.2 m

Location

registered office establishment The establishment unit on the map
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
42023B0950/00H0001,358 m² 1 · 252 m² 7.2 m · 1

Invoicing and payment

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