FOREBUCK COMPUTER SERVICES
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 23 filings
Turnover
≈ €150,000
Estimated: probably between €130,000 and €200,000
Total assets
€475,568▲ 11.9%
2024 · €424,890
Net result
€46,673
2024 · -€41,461
Working capital
€30,569
2024 · -€28,724
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€62,676
2025
20192025
Net result
€46,673
2025
middle half of the sector
20192025
Equity
€356,560
▲ 15.1%
2025
highest quarter of the sector
20192025
Total assets
€475,568
▲ 11.9%
2025
highest quarter of the sector
20192025
Debt
€119,009
▲ 3.5%
2025
20192025
Working capital
€30,569
2025
middle half of the sector
20192025
Solvency
75.0%
▲ 2.0pp
2025
middle half of the sector
20192025
Current ratio
1.26
▲ 0.51
2025
middle half of the sector
20192025
Return on assets (ROA)
9.8%
▲ 19.6pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€44,747-€70,641▲ 57.9%€32,313▼ 54.3%€65,550▲ 103%-€27,092-€49,273▼ 81.9%€62,676
Net result€30,510-€51,264within the sector's middle half▲ 68.0%€24,289within the sector's middle half▼ 52.6%€42,791within the sector's middle half▲ 76.2%-€30,534below the sector's middle half-€41,461below the sector's middle half▼ 35.8%€46,673within the sector's middle half
Equity€263,538-€314,802within the sector's middle half▲ 19.5%€339,091above the sector's middle half▲ 7.7%€381,882above the sector's middle half▲ 12.6%€351,347above the sector's middle half▼ 8.0%€309,887above the sector's middle half▼ 11.8%€356,560above the sector's middle half▲ 15.1%
Total assets€484,947-€537,421within the sector's middle half▲ 10.8%€512,394above the sector's middle half▼ 4.7%€557,335above the sector's middle half▲ 8.8%€472,837above the sector's middle half▼ 15.2%€424,890above the sector's middle half▼ 10.1%€475,568above the sector's middle half▲ 11.9%
Debt€154,969-€156,787▲ 1.2%€108,080▼ 31.1%€110,840▲ 2.6%€107,484▼ 3.0%€115,004▲ 7.0%€119,009▲ 3.5%
Working capital-€71,732--€8,457below the sector's middle half▲ 88.2%€27,843within the sector's middle half€82,645within the sector's middle half▲ 197%€14,122within the sector's middle half▼ 82.9%-€28,724below the sector's middle half€30,569within the sector's middle half
Solvency54.3%-58.6%within the sector's middle half▲ 4.2pp66.2%within the sector's middle half▲ 7.6pp68.5%within the sector's middle half▲ 2.3pp74.3%within the sector's middle half▲ 5.8pp72.9%within the sector's middle half▼ 1.4pp75.0%within the sector's middle half▲ 2.0pp
Current ratio0.54-0.95below the sector's middle half▲ 0.411.26below the sector's middle half▲ 0.311.75within the sector's middle half▲ 0.491.13below the sector's middle half▼ 0.610.75below the sector's middle half▼ 0.381.26within the sector's middle half▲ 0.51
Return on assets (ROA)6.3%-9.5%within the sector's middle half▲ 3.2pp4.7%within the sector's middle half▼ 4.8pp7.7%within the sector's middle half▲ 2.9pp-6.5%below the sector's middle half▼ 14.1pp-9.8%below the sector's middle half▼ 3.3pp9.8%within the sector's middle half▲ 19.6pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €62,676, after a loss of €49,273 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,568
Fixed assets
€325,991 ▼ 3.7%
Current assets
€149,578 ▲ 73.4%
Equity and liabilities €475,568
Equity
€356,560 ▲ 15.1%
Debt
€119,009 ▲ 3.5%
Debt's share of the balance-sheet total falls from 27.1% to 25.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,296▲
2024 · -€36,653
Cash flow
€59,293▲
2024 · -€28,841
Debt to equity
0.33▼
2024 · 0.37
ROE
13.1%▲
2024 · -13.4%
Interest coverage
9.29▲
2024 · -6.05
Debt ≤ 1 year
€119,009▲
2024 · €115,004
Income taxes
€7,898▲
2024 · €134
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,620 | €12,620 | €12,620 | €12,620 | €12,620 | €12,620 | €12,620 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€50,000 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,365 | €2,456 | €2,656 | €2,870 | ▲ 8.0% |
| Gross operating margin9900 | €59,549 | €85,117 | €47,278 | €80,535 | -€62,016 | -€33,997 | €78,166 | - |
| Operating profit (loss)9901 | €44,747 | €70,641 | €32,313 | €65,550 | -€27,092 | -€49,273 | €62,676 | - |
| Financial income75/76B | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €6 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,019 | €3,931 | €6,059 | €8,104 | ▲ 33.8% |
| Recurring financial charges65 | €5,383 | €5,483 | €4,800 | €4,019 | €3,931 | €6,059 | €8,104 | ▲ 33.8% |
| Profit (loss) for the period before taxes9903 | €39,365 | €65,164 | €27,514 | €61,531 | -€31,023 | -€55,332 | €54,572 | - |
| Transfer from deferred taxes780 | - | - | - | €609 | €609 | €14,005 | - | - |
| Income taxes67/77 | €9,463 | €14,509 | €3,834 | €19,349 | €120 | €134 | €7,898 | ▲ 59× |
| Profit (loss) for the period9904 | €30,510 | €51,264 | €24,289 | €42,791 | -€30,534 | -€41,461 | €46,673 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €1,214 | €1,214 | €26,703 | - | - |
| Profit (loss) for the period to be appropriated9905 | €31,724 | €52,478 | €25,503 | €44,005 | -€29,320 | -€14,758 | €46,673 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €484,947 | €537,421 | €512,394 | €557,335 | €472,837 | €424,890 | €475,568 | ▲ 11.9% |
| Fixed assets21/28 | €401,710 | €389,090 | €376,470 | €363,851 | €351,231 | €338,611 | €325,991 | ▼ 3.7% |
| Tangible fixed assets22/27 | €401,660 | €389,040 | €376,420 | €363,801 | €351,181 | €338,561 | €325,941 | ▼ 3.7% |
| Land and buildings22 | - | - | - | €363,801 | €351,181 | €338,561 | €325,941 | ▼ 3.7% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €83,237 | €148,330 | €135,923 | €193,485 | €121,606 | €86,280 | €149,578 | ▲ 73.4% |
| Amounts receivable within one year40/41 | €32,309 | €11,835 | €43,798 | - | €14,880 | €16,675 | €2,102 | ▼ 87.4% |
| Trade receivables40 | - | - | - | - | - | €16,675 | - | - |
| Other amounts receivable41 | - | - | - | - | €14,880 | - | €2,102 | - |
| Cash at bank and in hand54/58 | €50,928 | €118,629 | €92,125 | €182,878 | €90,601 | €69,605 | €121,383 | ▲ 74.4% |
| Deferred charges and accrued income490/1 | - | - | - | €10,607 | €16,125 | - | €26,093 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €484,947 | €537,421 | €512,394 | €557,335 | €472,837 | €424,890 | €475,568 | ▲ 11.9% |
| Equity10/15 | €263,538 | €314,802 | €339,091 | €381,882 | €351,347 | €309,887 | €356,560 | ▲ 15.1% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €33,419 | €32,205 | €55,991 | €94,777 | €93,563 | €66,860 | €112,860 | ▲ 68.8% |
| Non-distributable reserves130/1 | - | - | - | €66,860 | €65,000 | €65,000 | €111,000 | ▲ 70.8% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Other1319 | - | - | - | €65,000 | €65,000 | €65,000 | €111,000 | ▲ 70.8% |
| Tax-exempt reserves132 | - | - | - | €27,917 | €26,703 | - | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €211,519 | €263,997 | €264,500 | €268,505 | €239,185 | €224,427 | €225,100 | ▲ 0.3% |
| Provisions and deferred taxes16 | €66,441 | €65,832 | €65,223 | €64,614 | €14,005 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €50,000 | - | - | - | - |
| Environmental obligations163 | - | - | - | €50,000 | - | - | - | - |
| Deferred taxes168 | - | - | - | €14,614 | €14,005 | - | - | - |
| Amounts payable17/49 | €154,969 | €156,787 | €108,080 | €110,840 | €107,484 | €115,004 | €119,009 | ▲ 3.5% |
| Amounts payable within one year42/48 | €154,969 | €156,787 | €108,080 | €110,840 | €107,484 | €115,004 | €119,009 | ▲ 3.5% |
| Trade debts44 | €915 | €3,784 | €2,917 | €838 | €4,909 | €2,791 | €3,718 | ▲ 33.2% |
| Suppliers440/4 | - | - | - | €838 | €4,909 | €2,791 | €3,718 | ▲ 33.2% |
| Taxes, remuneration and social security45 | - | - | - | €14,440 | €4,998 | €10,762 | €9,960 | ▼ 7.4% |
| Taxes450/3 | - | - | - | €14,440 | €4,998 | €10,762 | €9,960 | ▼ 7.4% |
| Other amounts payable47/48 | - | - | - | €95,561 | €97,577 | €101,451 | €105,330 | ▲ 3.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,510 | €51,264 | €24,289 | €42,791 | -€30,534 | -€41,461 | €46,673 | - |
| + Depreciation and write-downs630 | €12,620 | €12,620 | €12,620 | €12,620 | €12,620 | €12,620 | €12,620 | = |
| Operating cash flow (approximation) | €43,130 | €63,884 | €36,909 | €55,411 | -€17,914 | -€28,841 | €59,293 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €67,701 | -€26,505 | €90,753 | -€92,276 | -€20,996 | €51,778 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as FOREBUCK COMPUTER SERVICES has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of FOREBUCK COMPUTER SERVICES itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 20,136 companies, not a prediction for FOREBUCK COMPUTER SERVICES. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00017137 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00020276 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00014687 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00014276 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03400343 | |
| 30-06-2020 | abbreviated format | 01-02-2021 | 2021-04400502 | |
| 30-06-2019 | abbreviated format | 30-01-2020 | 2020-03600254 | |
| 30-06-2018 | abbreviated format | 29-01-2019 | 2019-04000563 | |
| 30-06-2017 | abbreviated format | 30-01-2018 | 2018-02700229 | |
| 30-06-2016 | abbreviated format | 19-12-2016 | 2016-70500552 |