FORCIX
ActiveSummary
FORCIX has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €23k. Equity is growing by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency43▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.88 in 2024; short-term debt: 18.1% and cash: 3.6% of total assets), and 82.2% 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
17.8%
Return on assets
7.2%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
22 d early
2023
12 d early
2022
13 d early
2021
9 d early
2020
8 d early
2019
11 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
€58k▲ 67.5%
2024 · €34k
2018: €2klowest in 8 years
2019: €3k▲ +27.8% vs 2018
2020: €35k▲ +1124% vs 2019
2021: €50k▲ +44.6% vs 2020
2022: €14k▼ -71.9% vs 2021
2023: €10k▼ -31.3% vs 2022
2024: €34k▲ +254% vs 2023
2025: €58k▲ +67.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€323k▼ 3.7%
2024 · €335k
2018: €44klowest in 8 years
2019: €60k▲ +35.5% vs 2018
2020: €85k▲ +42.0% vs 2019
2021: €134k▲ +58.3% vs 2020
2022: €367k▲ +174% vs 2021highest in 8 years
2023: €351k▼ -4.2% vs 2022
2024: €335k▼ -4.6% vs 2023
2025: €323k▼ -3.7% vs 2024
2018 → 2025
Net result
€23k▼ 5.9%
2024 · €25k
2018: €-5k
2019: €617▲ +112% vs 2018
2020: €34k▲ +5332% vs 2019highest in 8 years
2021: €17k▼ -49.0% vs 2020
2022: €-36k▼ -311% vs 2021lowest in 8 years
2023: €-4k▲ +87.7% vs 2022
2024: €25k▲ +656% vs 2023
2025: €23k▼ -5.9% vs 2024
2018 → 2025
Working capital
€8k
2024 · €-8k
2018: €8k
2019: €6k▼ -23.4% vs 2018
2020: €43k▲ +611% vs 2019
2021: €54k▲ +27.3% vs 2020highest in 8 years
2022: €12k▼ -78.3% vs 2021
2023: €-12k▼ -202% vs 2022lowest in 8 years
2024: €-8k▲ +32.8% vs 2023
2025: €8k▲ +194% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€14k▼ 71.9%€10k▼ 31.3%€34k▲ 254%€58k▲ 67.5%
2021: €50k
2022: €14k▼ -71.9% vs 2021
2023: €10k▼ -31.3% vs 2022lowest in 5 years
2024: €34k▲ +254% vs 2023
2025: €58k▲ +67.5% vs 2024highest in 5 years
Operating result€25k-€-30k€6k€34k▲ 440%€45k▲ 30.6%
2021: €25k
2022: €-30k▼ -218% vs 2021lowest in 5 years
2023: €6k▲ +121% vs 2022
2024: €34k▲ +440% vs 2023
2025: €45k▲ +30.6% vs 2024highest in 5 years
Net result€17k-€-36k€-4k▲ 87.7%€25k€23k▼ 5.9%
2021: €17k
2022: €-36k▼ -311% vs 2021lowest in 5 years
2023: €-4k▲ +87.7% vs 2022
2024: €25k▲ +656% vs 2023highest in 5 years
2025: €23k▼ -5.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323k
Fixed assets
€257k ▼ 6.5%
Current assets
€66k ▲ 9.2%
Equity and liabilities €323k
Equity
€58k ▲ 67.5%
Debt
€265k ▼ 11.8%
Debt's share of the balance-sheet total falls from 89.7% to 82.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▲
2024 · €49k
Cash flow
€41k▲
2024 · €40k
Current ratio
1.13▲
2024 · 0.88
Quick ratio
1.01▲
2024 · 0.66
Debt to equity
4.61▼
2024 · 8.75
ROE
40.3%▼
2024 · 71.7%
ROA
7.2%▼
2024 · 7.4%
Interest coverage
5.24▼
2024 · 5.35
Debt ≤ 1 year
€58k▼
2024 · €68k
Debt > 1 year
€206k▼
2024 · €231k
Income taxes
€10k▲
2024 · €430
Staff costs
€0▼
2024 · €535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€335k€323k▼
Fixed assets21/28€275k€257k▼
Tangible fixed assets22/27€275k€257k▼
Land and buildings22€262k€252k▼
Furniture and vehicles24€13k€5k▼
Current assets29/58€60k€66k▲
Stocks and contracts in progress3€15k€7k▼
Stocks30/36€15k€7k▼
Amounts receivable within one year40/41€35k€44k▲
Trade receivables40€34k€33k▼
Other amounts receivable41€938€11k▲
Cash at bank and in hand54/58€8k€12k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€335k€323k▼
Equity10/15€34k€58k▲
Contributions10/11€9k€9k=
Reserves13€30k€49k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€30k€49k▲
Profit (loss) carried forward14€-4k€0▲
Amounts payable17/49€301k€265k▼
Amounts payable after more than one year17€231k€206k▼
Financial debts170/4€231k€206k▼
Amounts payable within one year42/48€68k€58k▼
Current portion of amounts payable after more than one year42€28k€26k▼
Financial debts43€7k€5k▼
Credit institutions430/8€7k€5k▼
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€14k€23k▲
Taxes450/3€14k€23k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€10k€0▼
Accrued charges and deferred income492/3€783€603▼
Income statement
Code20242025
Remuneration, social security and pensions62€535€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€18k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€71
Other operating charges640/8€10k€6k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€60k€69k▲
Operating profit (loss)9901€34k€45k▲
Financial income75/76B€76€352▲
Recurring financial income75€76€352▲
Financial charges65/66B€9k€12k▲
Recurring financial charges65€9k€12k▲
Profit (loss) for the period before taxes9903€25k€33k▲
Income taxes67/77€430€10k▲
Profit (loss) for the period9904€25k€23k▼
Profit (loss) for the period to be appropriated9905€25k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€19k▲
Profit (loss) brought forward from the previous period14P€-29k€-4k▲
Transfer to equity691/2-€19k
To other reserves6921-€19k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2k | €4k | €14k | €535 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €49k | €14k | €15k | €18k | ▲ 17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | €71 | - |
| Other operating charges640/8 | €635 | €3k | €2k | €10k | €6k | ▼ 40.6% |
| Non-recurring operating charges66A | €789 | €1k | €506 | €0 | - | - |
| Gross operating margin9900 | €32k | €27k | €38k | €60k | €69k | ▲ 14.0% |
| Operating profit (loss)9901 | €25k | €-30k | €6k | €34k | €45k | ▲ 30.6% |
| Financial income75/76B | €36 | €81 | €13 | €76 | €352 | ▲ 366% |
| Recurring financial income75 | €36 | €81 | €13 | €76 | €352 | ▲ 366% |
| Financial charges65/66B | €2k | €6k | €11k | €9k | €12k | ▲ 29.5% |
| Recurring financial charges65 | €2k | €6k | €11k | €9k | €12k | ▲ 29.5% |
| Profit (loss) for the period before taxes9903 | €23k | €-36k | €-4k | €25k | €33k | ▲ 32.0% |
| Income taxes67/77 | €6k | €142 | €132 | €430 | €10k | ▲ 2,203% |
| Profit (loss) for the period9904 | €17k | €-36k | €-4k | €25k | €23k | ▼ 5.9% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-36k | €-4k | €25k | €23k | ▼ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134k | €367k | €351k | €335k | €323k | ▼ 3.7% |
| Fixed assets21/28 | €19k | €295k | €281k | €275k | €257k | ▼ 6.5% |
| Tangible fixed assets22/27 | €19k | €295k | €281k | €275k | €257k | ▼ 6.5% |
| Land and buildings22 | - | €282k | €272k | €262k | €252k | ▼ 3.7% |
| Furniture and vehicles24 | €19k | €14k | €9k | €13k | €5k | ▼ 63.9% |
| Current assets29/58 | €115k | €71k | €70k | €60k | €66k | ▲ 9.2% |
| Stocks and contracts in progress3 | €25k | €21k | €17k | €15k | €7k | ▼ 55.0% |
| Stocks30/36 | €25k | €21k | €17k | €15k | €7k | ▼ 55.0% |
| Amounts receivable within one year40/41 | €47k | €34k | €45k | €35k | €44k | ▲ 27.9% |
| Trade receivables40 | €45k | €34k | €44k | €34k | €33k | ▼ 2.4% |
| Other amounts receivable41 | €2k | €608 | €703 | €938 | €11k | ▲ 1,122% |
| Cash at bank and in hand54/58 | €38k | €11k | €6k | €8k | €12k | ▲ 51.7% |
| Deferred charges and accrued income490/1 | €6k | €5k | €3k | €3k | €3k | ▲ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134k | €367k | €351k | €335k | €323k | ▼ 3.7% |
| Equity10/15 | €50k | €14k | €10k | €34k | €58k | ▲ 67.5% |
| Contributions10/11 | €9k | €9k | €9k | €9k | €9k | = |
| Reserves13 | €30k | €30k | €30k | €30k | €49k | ▲ 63.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €28k | €28k | €28k | €30k | €49k | ▲ 63.3% |
| Profit (loss) carried forward14 | €12k | €-24k | €-29k | €-4k | €0 | ▲ 100% |
| Amounts payable17/49 | €84k | €352k | €341k | €301k | €265k | ▼ 11.8% |
| Amounts payable after more than one year17 | €14k | €293k | €258k | €231k | €206k | ▼ 10.9% |
| Financial debts170/4 | €14k | €293k | €258k | €231k | €206k | ▼ 10.9% |
| Amounts payable within one year42/48 | €61k | €60k | €82k | €68k | €58k | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | €4k | €11k | €28k | €28k | €26k | ▼ 6.6% |
| Financial debts43 | €1k | €9k | €9k | €7k | €5k | ▼ 30.7% |
| Credit institutions430/8 | €1k | €9k | €9k | €7k | €5k | ▼ 30.7% |
| Trade debts44 | €10k | €11k | €15k | €9k | €4k | ▼ 55.4% |
| Suppliers440/4 | €10k | €11k | €15k | €9k | €4k | ▼ 55.4% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €39k | €25k | €22k | €14k | €23k | ▲ 67.1% |
| Taxes450/3 | €39k | €24k | €20k | €14k | €23k | ▲ 67.1% |
| Remuneration and social security454/9 | €335 | €1k | €3k | €0 | - | - |
| Other amounts payable47/48 | €7k | €4k | €9k | €10k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €9k | €0 | €987 | €783 | €603 | ▼ 23.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-36k | €-4k | €25k | €23k | ▼ 5.9% |
| + Depreciation and write-downs630 | €3k | €49k | €14k | €15k | €18k | ▲ 17.9% |
| Operating cash flow (approximation) | €20k | €13k | €10k | €40k | €41k | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €-326k | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-27k | €-5k | €2k | €4k | ▲ 118% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €34k ▲5,332%
Operating result €48k, net result €34k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €617
Net result €617 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, De Panne · 2 establishment units since 2013
Ground area
736 m²
Building footprint
370 m²
Volume, LiDAR
2,150 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
FORCIX
since 20132.217.388.425
FORCIX
since 20222.329.094.120
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38352E0193/00_000 | Flanders | 428 m² | 1 · 109 m² | 10.5 m · 3 fl. |
| 38008C0520/00_000 | Flanders | 308 m² | 1 · 261 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,520 EUR awarded · 2,520 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,520 EUR | 2,520 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,874 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
Founded11-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47120Other non-specialised retail sale
47400Retail sale of information and communication equipment
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.