ForDyn
ActiveSummary
ForDyn is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€1.5m) and a net result of -€11,114. Equity is shrinking by ~65.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 5651 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
What stands out
Overview
Accounts filed 31 d late0 of 1 deed readTurnover not published (abridged schema)Financial institution: outside the modelProbability: sector outside the model
Signals- Weak solvency vs sector- Administrative warnings in the KBO publicationsFiled after the deadlineShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 5651 sector peers (2025).
NBB · sector comparisonPosition among 5651 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
51 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
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. Usually files around 31 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Address strikeout annulledKBO administration
- Annual accounts filedfiscal year 2025 · abbreviated…
- Address struckevent 01-05-2026
Financials
Fiscal year 2025Total assets €2,993Loss -€11,114Solvency -50719.8%Liquidity 0.03
Total assets
€2,993▼ 18.7%
2023 - 2025
Net result
-€11,114▲ 99.4%
2023 - 2025
Equity
-€1.5m▼ 0.7%
2023 - 2025
Solvency
-50719.8%▼ 9786.3pp
2023 - 2025
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Trend over the years
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€0.06m-€0.2m▲ 157%-€0.01m
Net result€0.3mabove the sector's middle half--€2.0mbelow the sector's middle half-€0.01mbelow the sector's middle half▲ 99.4%
Equity€0.4mwithin the sector's middle half--€1.5mbelow the sector's middle half-€1.5mbelow the sector's middle half▼ 0.7%
Total assets€2.1mwithin the sector's middle half-€0.004mbelow the sector's middle half▼ 99.8%€0.003mbelow the sector's middle half▼ 18.7%
Debt€1.7m-€1.5m▼ 11.1%€1.5m▲ 0.7%
Working capital-€0.2mwithin the sector's middle half--€0.08mwithin the sector's middle half▲ 51.2%-€0.09mwithin the sector's middle half▼ 13.6%
Solvency20.8%below the sector's middle half--40933.5%below the sector's middle half▼ 40954.3pp-50719.8%below the sector's middle half▼ 9786.3pp
Current ratio0.38within the sector's middle half-
Return on assets (ROA)16.2%above the sector's middle half-
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,240 after €157,348 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2,993
Fixed assets
€330 =
Current assets
€2,663 ▼ 20.5%
Equity and liabilities
Equity-€1.5m
Debt€1.5m
Equity is negative: debt (€1.5m) exceeds the balance-sheet total (€2,993).
Key figures and ratios
Key figures and ratios
Debt ≤ 1 year
€95,364▲
2024 · €84,939
Debt > 1 year
€1.4m=
2024 · €1.4m
Ratios withheld: a balance sheet total of €2,993 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €489 | - | - |
| Other operating charges640/8 | €0.001m | €0.001m | €141 | ▼ 89.5% |
| Gross operating margin9900 | €0.06m | €0.2m | -€0.01m | ▼ 106% |
| Operating profit (loss)9901 | €0.06m | €0.2m | -€0.01m | ▼ 107% |
| Financial income75/76B | €0.3m | €0 | - | - |
| Recurring financial income75 | €0.3m | €0 | - | - |
| Financial charges65/66B | €0.06m | €2.1m | €0.001m | ▼ 100.0% |
| Recurring financial charges65 | €0.06m | €0.04m | €0.001m | ▼ 97.7% |
| Non-recurring financial charges66B | - | €2.0m | - | - |
| Profit (loss) for the period before taxes9903 | €0.3m | -€1.9m | -€0.01m | ▲ 99.4% |
| Income taxes67/77 | €0.001m | €0.03m | - | - |
| Profit (loss) for the period9904 | €0.3m | -€2.0m | -€0.01m | ▲ 99.4% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | -€2.0m | -€0.01m | ▲ 99.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.1m | €0.004m | €0.003m | ▼ 18.7% |
| Fixed assets21/28 | €2.0m | €330 | €330 | = |
| Financial fixed assets28 | €2.0m | €330 | €330 | = |
| Current assets29/58 | €0.1m | €0.003m | €0.003m | ▼ 20.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.001m | €0.002m | ▲ 292% |
| Trade receivables40 | €0.1m | €103 | €0.002m | ▲ 1,491% |
| Other amounts receivable41 | €0.006m | €0.001m | €0.001m | ▲ 57.5% |
| Cash at bank and in hand54/58 | €324 | €0.002m | - | - |
| Deferred charges and accrued income490/1 | €0.001m | €0.001m | €204 | ▼ 75.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.1m | €0.004m | €0.003m | ▼ 18.7% |
| Equity10/15 | €0.4m | -€1.5m | -€1.5m | ▼ 0.7% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.3m | €0 | - | - |
| Distributable reserves133 | €0.3m | €0 | - | - |
| Profit (loss) carried forward14 | - | -€1.6m | -€1.6m | ▼ 0.7% |
| Amounts payable17/49 | €1.7m | €1.5m | €1.5m | ▲ 0.7% |
| Amounts payable after more than one year17 | €1.4m | €1.4m | €1.4m | = |
| Financial debts170/4 | €1.1m | €1.1m | €1.1m | = |
| Other amounts payable178/9 | €0.3m | €0.3m | €0.3m | = |
| Amounts payable within one year42/48 | €0.3m | €0.08m | €0.1m | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | €0.04m | €0.01m | €0.01m | = |
| Trade debts44 | €0.2m | €0.04m | €0.03m | ▼ 11.5% |
| Suppliers440/4 | €0.2m | €0.04m | €0.03m | ▼ 11.5% |
| Taxes, remuneration and social security45 | €0.01m | €0.03m | €0.03m | ▼ 4.0% |
| Taxes450/3 | €0.01m | €0.03m | €0.03m | ▼ 4.0% |
| Other amounts payable47/48 | €0.006m | €0.006m | €0.02m | ▲ 247% |
| Accrued charges and deferred income492/3 | €0.003m | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | -€2.0m | -€0.01m | ▲ 99.4% |
| Operating cash flow (approximation) | €0.3m | -€2.0m | -€0.01m | ▲ 99.4% |
| Investment in fixed assets (approximation) | - | €2.0m | €0 | ▼ 100% |
| Change in cash | - | €0.002m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,721 companies in this sector we hold annual accounts for 19,804. See the whole sector
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →
Structure & network
Owners and holdings
2 owners · 1 holdingOwners 2
-
50%
-
50%
Holdings 1
-
100%
According to the 2025 annual accounts of ForDyn and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 1 Gazette act processed.
Timeline
6 eventsLatest 11-09-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
KBO administration
Address strikeout annulled
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
06-07
KBO administration
Address struck
event 01-05-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€2.0m
Net result drops to -€2.0m, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 25-07-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded25-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788859428
Also
9925:BE0788859428
Registered
09-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2022
Ground area
740 m²
Building footprint
611 m²
Volume, LiDAR
13,251 m³
Parcel 44804D2709/00K008, Flanders · tallest building 29.0 m, ±9 floors. Linked by address, not a title deed.
84
companies at this address
See who is registered here
1 establishment unit
ForDyn
since 2022unit no. 2.337.053.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2709/00K008 | Flanders | 740 m² | 1 · 611 m² | 29.0 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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