ForeCreate
ActiveSummary
The computed 12-month bankruptcy probability of ForeCreate is 8.8% (elevated). The 2024 annual accounts show negative equity (€-857) and a net result of €-2k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability26
Solvency23
Growth-
Track record82
Bankruptcy probability, 12 months
8.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.55 in 2023; short-term debt: 102.1% and cash: 77.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-2.1%
Return on assets
-4.5%
Age of the figures
21 mo
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 10-07-2025, 21 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
19 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-857
Total assets
€41k▲ 564%
2023 · €6k
2023: €6k
2024: €41k▲ +564% vs 2023
2023 → 2024
Net result
€-2k
Working capital
€-5k▼ 80.5%
2023 · €-3k
2023: €-3k
2024: €-5k▼ -80.5% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20232024Trend
Equity€-857
Operating result€-2k
Net result€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
2024 is the only fiscal year with figures: the operating result is a loss of €2k.
Balance-sheet composition
Assets €39k
Fixed assets
€2k
Current assets
€37k
Key figures and ratios
EBITDA
€-746
Cash flow
€-746
Solvency
-2.1%
Current ratio
0.88▲
2023 · 0.55
ROA
-4.5%
Debt
€42k▲
2023 · €6k
Debt ≤ 1 year
€42k▲
2023 · €6k
Equity ratios withheld: equity of €-857 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 As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6k€41k▲
Formation expenses20€3k€2k▼
Fixed assets21/28-€2k
Tangible fixed assets22/27-€2k
Furniture and vehicles24-€2k
Current assets29/58€3k€37k▲
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40€3k€5k▲
Cash at bank and in hand54/58-€32k
Equity and liabilities
Total equity and liabilities10/49€6k€41k▲
Equity10/15-€-857
Contributions10/11-€1k
Profit (loss) carried forward14-€-2k
Amounts payable17/49€6k€42k▲
Amounts payable within one year42/48€6k€42k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48€3k€34k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Gross operating margin9900-€-746
Operating profit (loss)9901-€-2k
Profit (loss) for the period before taxes9903-€-2k
Profit (loss) for the period9904-€-2k
Profit (loss) for the period to be appropriated9905-€-2k
Appropriation of the result
Profit (loss) to be appropriated9906-€-2k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | - |
| Gross operating margin9900 | - | €-746 | - |
| Operating profit (loss)9901 | - | €-2k | - |
| Profit (loss) for the period before taxes9903 | - | €-2k | - |
| Profit (loss) for the period9904 | - | €-2k | - |
| Profit (loss) for the period to be appropriated9905 | - | €-2k | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €6k | €41k | ▲ 564% |
| Formation expenses20 | €3k | €2k | ▼ 20.0% |
| Fixed assets21/28 | - | €2k | - |
| Tangible fixed assets22/27 | - | €2k | - |
| Furniture and vehicles24 | - | €2k | - |
| Current assets29/58 | €3k | €37k | ▲ 992% |
| Amounts receivable within one year40/41 | €3k | €5k | ▲ 44.7% |
| Trade receivables40 | €3k | €5k | ▲ 44.7% |
| Cash at bank and in hand54/58 | - | €32k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €6k | €41k | ▲ 564% |
| Equity10/15 | - | €-857 | - |
| Contributions10/11 | - | €1k | - |
| Profit (loss) carried forward14 | - | €-2k | - |
| Amounts payable17/49 | €6k | €42k | ▲ 578% |
| Amounts payable within one year42/48 | €6k | €42k | ▲ 578% |
| Trade debts44 | €3k | €3k | ▼ 9.9% |
| Suppliers440/4 | €3k | €3k | ▼ 9.9% |
| Taxes, remuneration and social security45 | - | €6k | - |
| Taxes450/3 | - | €6k | - |
| Other amounts payable47/48 | €3k | €34k | ▲ 894% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | - | €-2k | - |
| + Depreciation and write-downs630 | - | €1k | - |
| Operating cash flow (approximation) | - | €-746 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2023
Ground area
1,907 m²
Building footprint
1,788 m²
Volume, LiDAR
27,322 m³
Parcel 21807G0089/00A007, Brussels · tallest building 32.0 m, ±2 floors. Linked by address, not a title deed.
227
companies at this address
See who is registered here
1 establishment unit
ForeCreate
since 20232.354.067.165
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 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.
Public money · subsidies and aid
European Union, budget
2024 · 1 entry · 89,957 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 89,957 EUR |
Projects
PILLARS - SCALING IMPACT VIA POLICY, PROJECTS, PROCESSES AND PROFESSIONAL SKILLS
Identification & contact
Identification
Legal formPrivate limited company
Founded11-12-2023
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.