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FOREC

Active Private limited companyfounded 2006active for 20 yearsMolenstraat 24, 8904 YpresKBO/BCE: BE 0879.382.501
FOREC
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Overview

Lifetime

20 annual accounts with figures on one time axis
peak €376,893 (2018)
€78,381▼ 24.6%
lowest -€99,941 (2009)
€19,166▼ 68.3%
peak €358,808 (2023)
€238,405▲ 8.7%
€854,998▲ 2.6%
peak 5 FTE (2018)
-not published
Board1 name since 2021
1 directorKatrien FONTEYNE
Documentsfilings and deeds
20-08-202620 days late
2025micro format
Gross margin from €103,888 to €78,381Result from €60,431 to €19,166Investments €171,196Cash from €59,711 to €21,498

Key points

from the 2025 annual accounts

Equity

€238,405 ▲ 8.7%

FOREC has made a profit without a break since 2020.

Turnover

≈ €240,000 estimated

The accounts state no turnover.

Debts

€854,998 78% of the balance sheet
Financial debts 11%Suppliers 60%Taxes and wages 2%Other 27%

Of this, €774,241 falls due within a year.

Investments

€106,475 2.3 × depreciation
2022202320242025

Green is investment, beige is depreciation. Machinery stands 56.3% higher than in 2024.

Filings

20 annual accounts since 2006
AprilJune31 JulyOctober2010201520202025

Six of the last ten came late. The 2023 accounts came latest: 113 days after the end of the period.

Position in the sector

€1.1m

Larger balance sheet than 85% of companies in other mining and quarrying. Sector median €412,523 · 41 companies.

Checked score

83
Excellent
Financially stronger than 33% of micro companies in other mining and quarrying (NACE 08)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 115 companies (NACE 08, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 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: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.2%▲ +0.2 percentage points vs 09-2025highest value 11-2025: 0.3%▼ -0.9 percentage points vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026 09-2026: 0.3%▼ -0.5 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Weak

47+1equity 21.8% of total assets
14-3short-term debt 70.8% · cash 2.0%
71-5return on assets 1.8%

Score breakdown

raises risk
Last filed accounts filed 20 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.13, cash €21,498, halved
lowers risk
Size: total assets €1.1m
Founded in 2006
Calculation

The band follows from the bankruptcy probability. 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 08, micro). It does better than 21% of them on solvency, 5% on liquidity, 44% on profitability and 64% on growth.

The bankruptcy probability was computed on 07-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Comparable companies, two years later

In July 2024, 4,685 companies had the same profile as FOREC has now. Each dot stands for 12 companies, two years later.

97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of FOREC itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 4,685 companies, not a prediction for FOREC. 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.

Credit verdict

Credit of up to €19,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.13 (1.22 in 2024), below the usual 1.5. Short-term debt is 70.8% and cash 2% of total assets. 78.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 20 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 2006
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 1.13, cash €21,498, halved
NBB · annual accounts
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
20 days late
2024
61 days late
2023
113 days late
2022
60 days late
2021
8 days late
2020
9 days late
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 08), the median for financial year 2024 was 21 days before the deadline, and 30% 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 29 September (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

KF
Katrien FONTEYNE
Director
Board & ownership

Recent changes

Registered office moved to Ypres New registered office: Molenstraat 24, 8904 Ieper (Boezinge) · Change of role: Katrien FONTEYNE, from manager to director · Director discharge: Katrien FONTEYNE · Gazette deed
First establishment Grand Chemin 288, Tournai
Incorporation published on 27-02-2006 · Gazette deed
All 27 events

Comparable companies

same main activity, similar in size and age
Company
FOREC Ypres €1.1m €78,381 21.8% -
SOOY Bree €1.4m €269,940 43.1% -
KEMPISCHE ZANDGROEVEN WINTERS Hamont-Achel €1.6m €65,856 97.4% -
CARRIERE MERENNE FILS Havelange €0.3m €224,661 23.3% -
WINNR Dilsen-Stokkem €0.5m €15,055 33.2% -
SABLIERES DE ROSSART Liège €0.6m €294,567 80.3% 0
DIPA Kinrooi €0.2m €29,976 91.9% 0

These companies have their main activity in the same NACE class as FOREC: other mining and quarrying (NACE 0812). With exactly the same main activity (NACE 08121), too few companies are of comparable size. They are comparable in size and age: total assets between €239,000 and €1.6m, founded between 1989 and 2012.

Official details

Source: KBO
Status
Active since 15-02-2006Normal situation
Activity
Other mining and quarryingNACE 08121and 5 others
Joint committee
124Construction · annual accounts 2023
Establishment unit
2.273.259.8317531 Tournai, since 01-03-2018
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€78,381▼ 24.6%
€19,166▼ 68.3%
€238,405▲ 8.7%
€1.1m▲ 3.9%
Filing
Filed on 20-08-2026
Financials

Insights on FOREC

FOREC files the micro format. That format states no turnover. The gross margin fell from €108,730 in 2006 to €78,381 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 20-08-2026, 20 days late
€78,381
▼ 24.6%
€26,449
▼ 67.2%
€19,166
▼ 68.3%
€97,289
▼ 44.1%
21.8%
▲ 1.0 percentage points
1.13
▼ 0.10

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.

Turnover ≈ €240,000. Estimated: probably between €160,000 and €410,000.

Balance sheet

balance sheet total €1.1m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

21.8%

Higher than 30% of 41 companies in 2025.

1.13

Higher than 38% of 40 companies in 2025.

1.8%

Higher than 42% of 40 companies in 2025.

FOREC Middle half of the sector 80% of the sector Micro accounts in other mining and quarrying (NACE 08)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.1m1.1m811,276507,654617,784504,628784,997928,334850,550604,885424,761766,460829,872634,892443,931394,726656,111793,2211.1m953,427
21/28 221,87397,16442,86513,35115,34080,512172,495222,878283,760145,278103,992176,425177,116244,82789,280113,422268,095435,827571,342505,597
22/27 157,15297,16442,86513,35115,34080,512172,495222,878283,760145,278103,992176,425177,116244,82789,280113,422268,095435,827571,342505,597
23 135,33586,58021,69713,35115,34032,98076,93276,47481,616112,12017,46036,86436,36828,52544,62076,313168,291267,899323,928458,632
24 21,81710,58421,168--1,3983,2958,00117,60833,15845,14452,6248,26115,65017,2333,33311,67713,45314,5895,500
26 ----------2,1888,53714,88724,25227,42733,77740,12646,47652,82541,464
28 64,721-------------------
29/58 871,530955,628768,411494,303602,444424,116612,502705,457566,790459,607320,769590,035652,756390,065354,650281,304388,016357,394525,361447,830
29 018,00018,00018,00018,00018,00030,00030,00030,000-----------
291 018,00018,00018,00018,00018,00030,00030,00030,000-----------
40/41 850,032877,599715,644451,789521,211365,349528,715567,713407,163453,537305,037580,016582,053321,717309,862153,197383,979347,053439,044440,628
40 815,767812,293671,899413,994479,635365,147442,232501,705367,299424,723289,864556,908566,930314,938309,806147,684254,038181,47077,446100,158
41 34,26465,30643,74437,79541,57620186,48366,00839,86428,81415,17323,10815,1236,779565,512129,942165,583361,599340,470
54/58 21,49859,71133,26723,54261,56138,74450,706105,406126,854-12,8275,27569,98065,99739,747126,4591,9607,64883,7686,522
490/1 03181,5019711,6722,0233,0812,3382,7736,0702,9054,7447232,3515,0421,6482,0772,6932,549680
Balance sheet: equity and liabilities
10/49 1.1m1.1m811,276507,654617,784504,628784,997928,334850,550604,885424,761766,460829,872634,892443,931394,726656,111793,2211.1m953,427
10/15 238,405219,239358,808328,038319,017315,580314,586320,820323,745269,507267,126261,999258,184236,182209,48926,312124,748224,689205,910140,479
10/11 75,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,000
100 ------75,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,000
13 163,405144,239283,808253,038243,500240,402239,304245,206247,108189,500189,500184,500159,500159,500149,500149,500149,500149,500130,50062,500
130/1 ---07,5007,500--------------
130 ------7,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,5007,500
1311 ---07,5007,500--------------
132 -----9,90219,80429,70639,608-----------
133 163,405144,239283,808253,038236,000223,000212,000208,000200,000182,000182,000177,000152,000152,000142,000142,000142,000142,000123,00055,000
14 00-05171782826141,6375,0072,6262,49923,6841,682-15,011-198,188-99,7521894102,979
16 -----4,1598,31912,47816,637-----------
168 -----4,1598,31912,47816,637-----------
17/49 854,998833,553452,468179,616298,767184,888462,092595,036510,168335,378157,635504,461571,688398,710234,441368,414531,362568,532890,793812,947
17 80,75751,915-05,68252,669106,914185,476228,16875,0009,03550,55690,469128,83511,875121,836250,595377,007501,168368,125
170/4 80,75751,915-05,68252,669106,914185,476228,16875,0009,03550,55690,469128,83511,875121,836250,595377,007501,168368,125
42/48 774,241781,637452,468179,616293,085132,219355,163409,455282,000260,378148,600453,905481,219269,448222,559246,578279,920191,525389,625444,822
42 23,72612,08505,68246,98754,24478,56377,89077,50234,03541,52139,91338,367115,053109,961128,759132,350121,752122,00271,250
43 12,532--------5,128------53,342---
430/8 12,532--------5,128------53,342---
44 511,062541,143439,022166,813237,86162,886269,680314,556193,640170,49698,931408,998438,986149,482105,302114,15970,08863,456246,563321,099
440/4 511,062541,143439,022166,813237,86162,886269,680314,556193,640170,49698,931408,998438,986149,482105,302114,15970,08863,456246,563321,099
46 ---------40,000----------
45 15,91025,92310,9584,6335,75012,6014,43414,5218,3706,3464,7824,1881,9794,6147,1783,58024,1406,31721,06152,474
450/3 15,91025,92310,9584,6335,75012,6011,58912,6184,1295,8464,7823,1751,4793,2577,1781,28022,1783,58318,24644,927
454/9 ------2,8451,9034,241500-1,0135001,357-2,3001,9632,7342,8157,547
47/48 211,011202,4882,4882,4882,4882,4882,4882,4882,4884,3733,3668061,88729911980----
492/3 ------15105-----4277-847---
Income statement
76A 4,76325,000---5,6694,000-8,17113,00020,000-159----27,041--
9900 78,381103,88893,06665,61472,950236,086267,732376,893322,420204,896173,746175,410244,76293,226334,086151,142162,459254,598376,533108,730
62 01,2424,89240,4752,167141,089169,396248,104129,028106,94795,29392,16664,95319,02688,58972,52562,88345,64840,67620,392
630 46,48720,90118,51810,96965,17293,982104,133110,18390,54887,36083,02684,571138,79141,45350,139158,254175,680187,246236,990107,776
631/4 --------16,893-----------
640/8 5,4451,16227,0791,7992,2302,8972,8295,2722,0502,9373,1853,5798423753,1721,3222,0271,2856,8972,189
66A --------2,011---15,750-----13,140-
9901 26,44980,58342,57712,3713,381-1,883-8,62613,33581,8917,651-7,758-4,90640,17632,372192,187-80,959-78,13120,41991,970-21,627
75/76B --02391,9526,6044,117-0153214,36420,33092829018011030,000113,535
75 --0239505936117-0153214,36420,33092829018011030,000113,535
76B ---01,4465,6694,000-------------
65/66B 3,6041878493751,2952,5173,4644,1287,7752,7114,0674,78921,4345,6889,29217,55421,98928,59343,39926,422
65 3,6041878493751,2952,5173,4644,1287,7752,7114,0674,78921,4345,6889,29217,55421,98928,59343,39926,422
9903 22,84680,39641,72812,2354,0382,205-7,9739,20774,1174,9558,2074,66923,48126,693183,177-98,423-99,94118,97765,43165,486
780 ---04,159---------------
67/77 3,68019,96510,9583,2134,7615,3702,42016,2923,2412,5753,0808541,479--14-198-7
9904 19,16660,43130,7709,0213,437994-6,234-2,92554,2392,3805,1273,81522,00226,693183,177-98,436-99,94118,77965,43165,479
789 ---09,9029,9029,9029,9029,902-----------
689 --------49,510-----------
9905 19,16660,43130,7709,02113,33910,8963,6686,97714,6312,3805,1273,81522,00226,693183,177-98,436-99,94118,77965,43165,479
Appropriation of the result
9906 19,16660,43130,7709,53813,51711,1784,2828,61419,6375,0077,62627,49923,68411,682-15,011-198,188-99,75219,18968,41065,479
14P --0517178---------------
791/2 0200,000------------------
691/2 19,16660,43130,7709,53813,00011,0004,0008,00018,000-5,00025,000-10,000---19,00068,00062,500
6920 -------------------7,500
6921 19,16660,43130,7709,53813,00011,0004,0008,00018,000-5,00025,000-10,000---19,00068,00055,000
694/7 0200,000------------------
694 0200,000------------------
Social balance sheet
9087 --0.20.6-2.3552.522.832.322.22.121.210.5
Hours worked1013 --1851,342-3,8624,5877,9904,0733,6263,4533,5952,7066682,9003,0322,7121,9121,736776
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 20 days after the deadline. Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438236.

Financial year Type Filed Reference Document
31-12-2025 micro format 20-08-2026 2026-00438236 PDF
31-12-2024 micro format 30-09-2025 2025-00532551 PDF
31-12-2023 micro format 21-11-2024 2024-00604077 PDF
31-12-2022 abbreviated format 29-09-2023 2023-00475422 PDF
31-12-2021 abbreviated format 08-08-2022 2022-20279552 PDF
31-12-2020 abbreviated format 09-08-2021 2021-47500267 PDF
31-12-2019 abbreviated format 23-07-2020 2020-32900448 PDF
31-12-2018 abbreviated format 18-07-2019 2019-34800323 PDF
31-12-2017 abbreviated format 18-07-2018 2018-35100560 PDF
31-12-2016 micro format 30-06-2017 2017-27400226 PDF
31-12-2015 abbreviated format 27-06-2016 2016-22800152 PDF
31-12-2014 abbreviated format 24-08-2015 2015-45400377 PDF
31-12-2013 abbreviated format 09-05-2014 2014-11800320 PDF
30-06-2012 abbreviated format 12-09-2012 2012-56300507 PDF
31-12-2011 abbreviated format 04-06-2012 2012-14800261 PDF
31-12-2010 abbreviated format 23-08-2011 2011-42400385 PDF
31-12-2009 abbreviated format 11-05-2010 2010-11800555 PDF
31-12-2008 abbreviated format 14-08-2009 2009-58700292 PDF
31-12-2007 abbreviated format 22-07-2008 2008-46700137 PDF
31-12-2006 abbreviated format 22-07-2008 2008-46700141 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
72,936101,48461,09423,34068,55392,10095,507123,517172,43995,01175,26879,665178,96773,825242,32677,29597,549207,665328,96086,149
65,65381,33249,28819,99168,60994,97697,899107,257144,78789,74088,15388,386160,79368,146233,31659,81775,739206,025302,421173,255
171,19675,20048,0318,98002,00053,75049,300234,161128,64610,59483,88070,920197,00025,99716,9097,947144,690340,876613,372
-38,21326,4449,724-38,01822,816-11,962-54,700-21,448--7,552-64,7053,98326,250-86,713124,500-5,688-76,12077,246-
97,289173,991315,944314,687309,359291,896257,339296,002284,790199,229172,169136,130171,537120,617132,09134,726108,096165,869135,7353,008
21.8%20.8%44.2%64.6%51.6%62.5%40.1%34.6%38.1%44.6%62.9%34.2%31.1%37.2%47.2%6.7%19.0%28.3%18.8%14.7%
1.131.221.702.752.063.211.721.722.011.772.161.301.361.451.591.141.391.871.351.01
3.593.801.260.550.940.591.471.851.581.240.591.932.211.691.1214.004.262.534.335.79
8.0%27.6%8.6%2.8%1.1%0.3%-2.0%-0.9%16.8%0.9%1.9%1.5%8.5%11.3%87.4%-374.1%-80.1%8.4%31.8%46.6%
1.8%5.7%3.8%1.8%0.6%0.2%-0.8%-0.3%6.4%0.4%1.2%0.5%2.7%4.2%41.3%-24.9%-15.2%2.4%6.0%6.9%
20.24over 10071.9862.2352.94---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202331-12-202231-12-2021
0.20.6-
Joined230
Left231

Source: social balance sheet in the 2021 to 2023 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets---€5,682€52,669

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€106,475€75,200€48,031€8,980-
Financial fixed assets€64,721----
€46,487€20,901€18,518€10,969€65,172

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on FOREC

The operating result for 2025 is 67% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total falls from 79.2% to 78.2%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2022
Katrien FONTEYNE
Director (not named in the articles)
appointed by deed of 25-11-2022 term without a fixed end
earlier manager, until 25-11-2022
listed in the 2025 annual accounts, filed on 20-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 25-11-2022

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Katrien FONTEYNE
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • Katrien FONTEYNE
    • Director (not named in the articles), since before 31-12-2021
    • Manager, until 25-11-2022

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€75,000
Source
2025 annual accounts

Articles of association

deed of 25-11-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of June at 19:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Algemene vergadering mag een of meerdere vereffenaars aanduiden hun bevoegdheden omlijnen en vergoeding bepalen, om welke reden en op welk…”

Network & group

No group

FOREC has no parent and no holdings in its annual accounts. Katrien FONTEYNE is the only director. FOREC shares no director with another company.

At the same address

Molenstraat 24, 8904 Ypres · 2 other companies
ELMANO
registered office since 12-05-2015 · founded in 2015
 total assets €848,161 (2025)
0629.984.415
LPE - PROJECTS
registered office since 23-06-2023 · founded in 2023
 total assets €752,327 (2025)
0803.109.718

Timeline

Timeline

27 events since 2006

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 20 days late
2025
Annual accounts 2024 filed PDFmicro format · 61 days late
2024
Annual accounts 2023 filed PDFmicro format · 113 days late
2023
Annual accounts 2022 filed PDFabbreviated format · 60 days late
2022
Registered office moved to YpresNew registered office: Molenstraat 24, 8904 Ieper (Boezinge) · Change of role: Katrien FONTEYNE, from manager to director · Director discharge: Katrien FONTEYNE4 points ▸
  • Director resignation, Katrien FONTEYNE (manager)
  • Director appointment, Katrien FONTEYNE (director (not named in the articles))
  • Director discharge, Katrien FONTEYNE
  • Registered-office move, Molenstraat 24, 8904 Ieper (Boezinge)
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 8 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 9 days late
2020
Back to profit net €994 The net result is €994, after 2 loss-making years.
Annual accounts 2019 filed PDFabbreviated format · 8 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 13 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 13 days before the deadline
First establishment Grand Chemin 288, Tournai
2017
Annual accounts 2016 filed PDFmicro format · 31 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 34 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 24 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 83 days before the deadline
2012
Annual accounts 2012 filed PDFabbreviated format · 141 days before the deadline
Annual accounts 2011 filed PDFabbreviated format · 57 days before the deadline
2011
Back to profit net €183,177 The net result is €183,177, after 2 loss-making years.
Annual accounts 2010 filed PDFabbreviated format · 23 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 81 days before the deadline
2009
Weakest financial year net -€99,941 The net result drops to -€99,941, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 14 days late
2008
Annual accounts 2006 filed PDFabbreviated format · 357 days late
Annual accounts 2007 filed PDFabbreviated format · 9 days before the deadline
2007
Equity above €200,000 equity €205,910 ▲46.6% With a profit in every financial year since 2006, equity grows to €205,910.
2006
Incorporation PDFpublished on 27-02-2006

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FOREC was incorporated on 15 February 2006.1 The registered office was moved to Ypres in 2022.2 Total assets rose from €928,334 in 2018 to €1.1m in 2025 and headcount from 5 full-time equivalents in 2018 to 0.2 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 25-11-2022
  3. 3National Bank, annual accounts 2018, 2023 and 2025

Company details

Identity

Enterprise number
0879.382.501
VAT number
BE 0879.382.501
Peppol ID
0208:0879382501
Other Peppol ID
9925:BE0879382501
Legal form
Private limited company
Status
Active, normal situation
Founded
15-02-2006
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of June at 19:00
deed of 25-11-2022 (in Dutch)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
FOREC in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-11-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 25-11-2022 (in Dutch)

Activities

NACEBEL 2025
08121 Other mining and quarrying main activity
68121 Development of residential building projects main activity
38210 Materials recovery from waste
43350 Other building finishing work
46120 Wholesale trade
68122 Development of non-residential building projects
Joint committees annual accounts 2023
JC 124 Construction
Codes under NACEBEL 2008
08121 Other mining and quarrying main activity
41101 Real estate development main activity
38322 Waste collection, recovery and disposal activities
38323 Waste collection, recovery and disposal activities
41102 Construction of residential and non-residential buildings
43390 Specialised construction activities
46120 Wholesale trade
Codes under NACEBEL 2003
14212 main activity
37100
37200
45450
51120
PurposeThe purpose describes the activities the company may carry out under its articles.
“Groot- en kleinhandel in recyclagegoederen,afbraakmaterialen; Groot- en kleinhandel in tweedehandsgoederen; Groot- en kleinhandel in ruwe…”
12 activities
  1. Groot- en kleinhandel in recyclagegoederen,afbraakmaterialen;
  2. Groot- en kleinhandel in tweedehandsgoederen;
  3. Groot- en kleinhandel in ruwe als gefabriceerde bouwmaterialen en het vervoer voor eigen rekening of voor rekening van derden van deze materialen;
  4. De onderneming van draineringswerken,grondwerken,wegeniswerken,rioleringswerken,waterwerken,sproeiwerken,werken voor gasvoorziening en handel in sproeistoffen,en van alles wat ermede rechtstreeks en onrechtstreeks verband houdt;
  5. De onderneming van aankoop,de in- en uitvoer,de distributie en de verkoop,hetzij rechtstreeks hetzij als tussenpersoon,van zaad- en pootgoed,granen,zaad en tuingereedschap,omvattende planten en versieringen van de tuin,meststoffen,fytofarmaceutische producten,grondverbeteringsproducten,gereedschap en besproeiingsmateriaal,de verkoop en verbruik van fytofarmaceutische producten,bijhorigheden,nevenproducten en toebehoren,alsmede het presteren van alle mogelijke diensten het voorgaand betreffend,alles in de ruimste zin van het woord.
  6. Bijzondere grondwerken,draineringswerken,andere grondwerken,leggen van kabels en van diverse leidingen,aanleg en onderhoud van diverse terreinen,slopingswerken en voegwerken.
  7. De onderneming voor het uitvoeren van diverse land- en tuinbouwwerken voor rekening van derden,aanleg en onderhoud van diverse terreinen,onderneming voor slopingswerken,voegwerken,metselwerken en reinigen van gevels,alsook alle werkzaamheden die daarmee rechtstreeks of onrechtstreeks in verband staan;
  8. Het ondernemen van alle vervoer van personen,goederen en zaken,evenals de handel in ruwe als gefabriceerde bouwmaterialen,en het vervoer voor eigen rekening van deze materialen,alsook alle werkzaamheden die daarmee rechtstreeks of onrechtstreeks in verband staan;
  9. Onderneming voor slopingswerken van gebouwen
  10. Onderneming voor het plaatsen van afsluitingen
  11. Onderneming voor het recycleren van afvalstoffen voor eigen rekening als voor rekening van derden.
  12. Onderneming voor het breken en zeven van steenpuin en betonpuin
deed of 25-11-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Molenstraat 24 registered office 8904 Ypres
Grand Chemin 288 7531 Tournai 0812102 Other mining and quarrying 01-03-2018 2.273.259.831

Buildings and parcels at the address

Ground area
1.2 ha
Buildings
273 m²
Volume, LiDAR
1,245 m³
Tallest building
8.9 m
Buildings to scale, each on its own parcel
273 m², 8.9 m 273 m², 8.9 m

Location

registered office establishment approximate The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
33003B0275/00L0001.2 ha 1 · 273 m² 8.9 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0879.382.501

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