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FORDIBEL

Active
Private limited companyfounded 2004active for 21 yearsRue d'Abhooz 31, 4040 Herstal, BelgiumKBO/BCE: BE 0870.674.077
Summary

FORDIBEL has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €134,257. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 72% of 2,420 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Specialised construction activities
NACE 43130
#10 company by equity in Herstal, Construction sector1 site
Size
€5.1mturnover 2025
Staff
11 FTE
Equity
€2.6m
Profit
€134,257
Financial health
89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
HD Partners · 99%
Holdings
2
Auditor: BV MOORE AUDITAccounts 18 days early1 of 10 deeds read
Why 89raises riskLiquidity: current ratio 1.94, cash €266,609Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2004Equity €2.6m (60.7% of total assets)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 47% of its sector peers (NACE 43, small)
Financial strength · tick = 2024
Strong
Solvency 86+15
equity 60.7% of total assets
Liquidity 40+14
short-term debt 38.3% · cash 6.2%
Profitability 60+38
return on assets 3.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,644 companies, NACE 43, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €230,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.94, compared with 1.55 in 2024; short-term debt: 38.3% and cash: 6.2% of total assets), and 39.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 43, small): better than 79% on solvency, 41% on liquidity, 29% on profitability and 38% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

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

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2004
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Equity €2.6m (60.7% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.94, cash €266,609
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
20 days early
2023
41 days early
2022
18 days early
2021
51 days late
2020
10 days late
2019
69 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed 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 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: BV Moore Audit (statutory auditor)Appointment: Tindemans Ellen (statutory auditor)
  3. Annual accounts filedfinancial year 2024 · unclassified…

Key points

  • Positive: Result rose in 2025from €9,662 to €134,257 ▲ 1,289% View
  • Positive: Company by equity in Herstal, Construction sectorin the Checked rankings #10 View
  • Positive: 8 profitable years in a rowprofit 2025: €134,257 8 years View
  • Controlled by HD Partnersultimately: KeBeK III 99% View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Turnover
€5.1m
Profit
€134,257
Solvency
60.7%
Turnover▼ 7.6%
Net result
20212025
Go to Financials

Timeline

Events
27
Since
2006
Next accounts
by 31-07-2027
  1. 20-06-2024Annual accounts filed
  2. 31-12-2023Highest result from 2018 to 2025
  3. 31-12-2023Equity above €2m
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Specialised construction activitiesNACE 43130
Founded
20-12-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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