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Forena

Active
Non-profit association·Beschutte en sociale werkplaatsen· 42 yrs active
Industrielaan 32 ·8930 Menen, Belgium
KBO/BCE: BE 0425.410.920
Watch Print / PDF
Belgian State Gazette acts: 0 of 14 read
Age42 yrs
Board3
Real estate2 parcels · 4.2 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Forena is < 0.1% (very low). The 2025 annual accounts show equity of €20.13M and a net result of €650k. The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 06-05-2026 86 d early 2026-00103871
31-12-2024 31-07-2025 28-05-2025 64 d early 2025-00109796
31-12-2023 31-07-2024 17-05-2024 75 d early 2024-00089671
31-12-2022 31-07-2023 15-05-2023 77 d early 2023-00087026
31-12-2021 31-07-2022 23-05-2022 69 d early 2022-20033201
31-12-2020 31-07-2021 27-05-2021 65 d early 2021-15600549
31-12-2019 31-07-2020 30-06-2020 31 d early 2020-24100332
31-12-2018 31-07-2019 06-06-2019 55 d early 2019-16400225
31-12-2017 31-07-2018 23-05-2018 69 d early 2018-13700524
31-12-2016 31-07-2017 07-06-2017 54 d early 2017-16400324

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1984, 42 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
< 0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€16.30M
EBIT margin3.9%
Net result€650k
Working capital€9.41M

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 06-05-2026 with the NBB · fiscal year 2025 · verkort
Fiscal year2025
Depositverkort
Revenue€16.30M
EBITDA€2.33M
Net profit€650k
Cash flow€2.34M
Staff costs€25.71M
Income taxes-
Dividends-
Total assets€30.05M
Equity€20.13M
Debt€8.68M
of which ≤ 1y€6.21M
of which > 1y€2.47M
Working capital€9.41M
Employees (FTE)708.7
Ratios (computed)
2025
Current ratio2.52
Quick ratio2.35
Working capital ratio31.3%
Solvency67.0%
Debt / equity0.43
Long-term debt ratio0.12
Interest coverage51.99
Gross margin80.1%
Net margin4.0%
ROA2.2%
ROE3.2%
EBITDA margin14.3%
Days sales outstanding104d
Days payable outstanding144d
Inventory turnover3.10
Days inventory (DSI)118d
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€30.05M
Fixed assets 21/28€14.44M
Tangible fixed assets 22/27€14.41M
Financial fixed assets 28€24k
Current assets 29/58€15.62M
Stocks & contracts in progress 3€1.04M
Amounts receivable within one year 40/41€5.45M
Investments 50/53€4.66M
Cash & bank 54/58€4.42M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€30.05M
Equity 10/15€20.13M
Contributions / capital 10/11€37
Reserves 13€15.22M
Accumulated profits (losses) 14€4.56M
Provisions & deferred taxes 16€1.24M
Amounts payable 17/49€8.68M
Amounts payable after one year 17€2.47M
Amounts payable within one year 42/48€6.21M
Trade debts payable within one year 44€1.28M
Income statement
Turnover 70€16.30M
Operating result 9901€633k
Financial income 75€66k
Financial charges 65€49k
Result before taxes 9903€650k
Net result for the period 9904€650k
Result to be appropriated 9905€650k
Ratios computed by Checked.

Health barometer

FY 2025 · computed
94 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

under verification
14 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (22080589). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Lieve Theys
    Director
    State Gazette act 22080589 (07-07-2022)
    Current
    07-07-2022 → present
    3 events
    • 07-07-2022 Resigned· Director
    • 07-07-2022 Appointed· Director
    • 05-07-2019 Appointed· Director
  • Stefaan Vermeersch
    Director
    State Gazette act 22080589 (07-07-2022)
    Current
    07-07-2022 → present
    3 events
    • 07-07-2022 Resigned· Director
    • 07-07-2022 Appointed· Director
    • 05-07-2019 Appointed· Director
  • Wim Laporte
    Director
    State Gazette act 22080589 (07-07-2022)
    Current
    07-07-2022 → present
    2 events
    • 07-07-2022 Resigned· Director
    • 07-07-2022 Appointed· Director
Historic, not recently confirmed (8)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Frank Moerman
    Director
    State Gazette act 19090133 (05-07-2019)
    Not recently confirmed
    last confirmed in an act from 2019
    3 events
    • 05-07-2019 Appointed· Director
    • 29-04-2019 Mandate renewed· Director
    • 14-04-2014 Mandate renewed· Director
  • Heleen Deblaere
    Director
    State Gazette act 19090133 (05-07-2019)
    Not recently confirmed
    last confirmed in an act from 2019
    2 events
    • 29-04-2019 Mandate renewed· Director
    • 14-04-2014 Mandate renewed· Director
  • Nico Stichelbout
    Director
    State Gazette act 19090133 (05-07-2019)
    Not recently confirmed
    last confirmed in an act from 2019
    2 events
    • 29-04-2019 Mandate renewed· Director
    • 09-03-2015 Resigned· Director
  • Paul Lodewyck
    Director
    State Gazette act 19090133 (05-07-2019)
    Not recently confirmed
    last confirmed in an act from 2019
    2 events
    • 29-04-2019 Mandate renewed· Director
    • 04-07-2016 Appointed· Director
  • Serge Deboever
    Director
    State Gazette act 19090133 (05-07-2019)
    Not recently confirmed
    last confirmed in an act from 2019
    3 events
    • 05-07-2019 Appointed· Director
    • 29-04-2019 Mandate renewed· Director
    • 14-04-2014 Mandate renewed· Director
3 further historic mandates in this list. Available in Kantoor S.
Former directors (8)
  • Danny Baert
    Director
    State Gazette act 22009648 (21-01-2022)
    Former
    - → 21-01-2022
  • Christian Provoost
    Director
    State Gazette act 19090133 (05-07-2019)
    Former
    14-04-2014 → 05-07-2019
    3 events
    • 05-07-2019 Resigned· Director
    • 29-04-2019 Mandate renewed· Director
    • 14-04-2014 Mandate renewed· Director
  • Kurt Vandewalle
    Director
    State Gazette act 15036730 (09-03-2015)
    Former
    14-04-2014 → 05-07-2019
    2 events
    • 05-07-2019 Resigned· Director
    • 14-04-2014 Mandate renewed· Director
  • Luc Demeester
    Director
    State Gazette act 15036730 (09-03-2015)
    Former
    14-04-2014 → 05-07-2019
    2 events
    • 05-07-2019 Resigned· Director
    • 14-04-2014 Mandate renewed· Director
  • René Berton
    Director
    State Gazette act 15036730 (09-03-2015)
    Former
    14-04-2014 → 05-07-2019
    2 events
    • 05-07-2019 Resigned· Director
    • 14-04-2014 Mandate renewed· Director
3 further former directors in the mandate history. Available in Kantoor S. See plans →
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Beschutte en sociale werkplaatsen(88993)
Legal form Non-profit association(017)
Incorporation01-03-1984
StatusActive
Postal code8930

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
2 companies at this address See who is registered here

Establishment units

2 locations
Forena vzw site Menen
Industrielaan 32, 8930 MenenProvinciaal gesubsidieerd gewoon technisch en beroepssecundair onderwijs
since 20052.150.633.520
Forena vzw site Poperinge
Vlaanderenlaan 25-27, 8970 PoperingeBeschutte en sociale werkplaatsen
since 20252.368.643.493
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area4.2 ha
Buildings2
Building footprint1.4 ha
Volume (LiDAR)85,440 m³
Tallest building9.5 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34027F0480/00Y000 Flanders 3.3 ha 1 · 9,201 m² 9.5 m · 2 fl.
33021E0171/00R000 Flanders 8,972 m² 1 · 4,711 m² 8.9 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

13 acts
All acts · 13 updated 7 months ago
2026
14-01-2026 Articles of association amended Statutes amendment
Summary: v3.2
2025
17-01-2025 Articles of association amended Statutes amendment
Summary: v3.2
2022
07-07-2022 Articles of association amended Statutes amendment
Summary: v3.2
21-01-2022 Danny Baert resigns as director Director changes
  • Danny Baert, Bestuurder
Summary: v3.2
2021
16-09-2021 Baker Tilly Belgium Bedrijfsrevisoren appointed as statutory auditor Director changes
  • Baker Tilly Belgium Bedrijfsrevisoren, Commissaris
Summary: v3.2
11-06-2021 Articles of association amended Statutes amendment
Summary: v3.2
2020
04-02-2020 Articles of association amended Statutes amendment
Summary: v3.2
2019
05-07-2019 5 directors appointed, 4 resigning, 7 reappointed Director changes
  • Lieve Theys, Bestuurder
  • Stefaan Vermeersch, Bestuurder
  • Serge Deboever, Bestuurder
  • Steven Deruwe, Bestuurder
  • Frank Moerman, Bestuurder
  • Luc Demeester, Bestuurder
  • René Berton, Bestuurder
  • Kurt Vandewalle, Bestuurder
Summary: v3.2
2018
26-06-2018 Baker Tilly Belgium Bedrijfsrevisoren appointed as statutory auditor Director changes
  • Baker Tilly Belgium Bedrijfsrevisoren, Commissaris
Summary: v3.2
2017
03-02-2017 Articles of association amended Statutes amendment
Summary: v3.2
2016
04-07-2016 2 directors appointed, 1 resigning Director changes
  • Dr Paul Lodewyck, Bestuurder
  • Dhr. Gunther Bamelis, Dagelijks bestuur
  • Dhr. Herman Wenes, Dagelijks bestuur
Summary: v3.2
2015
27-07-2015 1 resigning, 1 reappointed Director changes
  • Mevr Margaretha VanEssche, Bestuurder
  • Deloitte bedrijfsrevisoren bv ovve CVBA, Commissaris
Summary: v3.2
09-03-2015 2 resigning, 9 reappointed Director changes
  • Nico Stichelbout, Bestuurder
  • Martine Decuypere, Bestuurder
  • Steven Deruwe, Bestuurder
  • Margaretha Van Essche, Bestuurder
  • Christian Provoost, Bestuurder
  • Kurt Vandewalle, Bestuurder
  • Frank Moerman, Bestuurder
  • Luc Demeester, Bestuurder
Summary: v3.2

Analysis

Financial profile

4 of 5 axes measured
Health94Profitability44Solvency100Growth-Stability85
81 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 94
Profitability 44
Solvency 100
Growth -
Stability 85

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 17 of the 284 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Beschutte werkplaatsen85322Beschutte en sociale werkplaatsen88993
Primary activity highlighted.
Names & trade names
Legal nameNL Forena
Registered office
Industrielaan 32
8930 Menen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.