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ForCy

Active
Private limited companyfounded 200323 yrs activeHaanstraat 94, 1180 Ukkel, BelgiumKBO/BCE: BE 0859.905.196
Summary

The computed 12-month bankruptcy probability of ForCy is 3.3% (moderate). The 2024 annual accounts show negative equity (-€357,233) and a net result of -€67,727. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 37961 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
ForCyActiveChecked score 48/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220NACE 74142
1 site
Size
€1.9mtotal assets 2024
Equity
-€357,233
Loss
-€67,727
Financial health
48 Fair Checked score 2024
Bankruptcy chance 12 m
3.3%
Structure
Board
1 member
Accounts 66 d overdue2 of 7 deeds read
Why 48- Liquidity: current ratio 575.01, cash €4,362- 1 change of registered office in 24 months- Figures for FY 2024 (filed 28-07-2025)+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 19% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 6-4
equity -18.6% of total assets
Liquidity 50+50
short-term debt 0.0% · cash 0.2%
Profitability 14-55
return on assets -3.5%
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,260 companies)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● 0.0% vs 11-2024 01-2025: 0.8%● 0.0% vs 12-2024 02-2025: 0.8%▲ +3.2% vs 01-2025 03-2025: 0.8%▲ +0.6% vs 02-2025 04-2025: 0.8%▼ -2.4% vs 03-2025 05-2025: 0.9%▲ +6.0% vs 04-2025 06-2025: 0.9%▲ +5.7% vs 05-2025 07-2025: 1.0%▲ +9.7% vs 06-2025 08-2025: 0.8%▼ -24.9% vs 07-2025 09-2025: 0.8%● 0.0% vs 08-2025 10-2025: 0.8%● 0.0% vs 09-2025 11-2025: 0.8%● 0.0% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.8%● 0.0% vs 12-2025 02-2026: 0.8%▲ +1.8% vs 01-2026 03-2026: 0.8%▲ +0.8% vs 02-2026 04-2026: 0.8%▼ -2.9% vs 03-2026lowest value 05-2026: 1.7%▲ +128% vs 04-2026 06-2026: 1.7%▼ -0.9% vs 05-2026 07-2026: 1.7%▼ -1.4% vs 06-2026 08-2026: 2.1%▲ +26.3% vs 07-2026 09-2026: 2.5%▲ +18.3% vs 08-2026 10-2026: 3.3%▲ +29.9% vs 09-2026highest value
  • Liquidity: current ratio 575.01, cash €4,362 raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Figures for FY 2024 (filed 28-07-2025) raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
No credit on open account
short-term debt: 0% and cash: 0.2% of total assets, and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 6%, liquidity 36%, profitability 12%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 575.01, cash €4,362
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 28-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€357,233
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
3 d early
2023
12 d early
2022
31 d late
2021
88 d late
2020
87 d late
2019
122 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 52 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Purpose · Statutes amendment · Resignations…Name change · Purpose change…
  2. Resignation: Charles-Antoine Bodson (director)Appointment: Lodovico CORSINI (sole director)…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€357,233 View
  • Caution: From profit to loss in 2024after €8,573 in 2023 -€67,727 View
  • Caution: Among the weakest 5% on net resultsector median €25,896 · 37,982 companies -€67,727 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Caution: Board changedlatest change 21-04-2026 · 1 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2024
Total assets
€1.9m
Loss
-€67,727
Solvency
-18.6%
Total assets▼ 1.7%
Net result
20182024
Go to Financials

Timeline

Events
16
Since
2016
  1. 09-07-2026Purpose · Statutes amendment · Resignations &…
  2. 21-04-2026Resignation: Charles-Antoine Bodson (director)
  3. 28-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
01-08-2003
Year ends
31-12
Peppol
No longer on Peppol
Go to Company details

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