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Foresco BE

Active
Public limited companyfounded 198936 yrs activeEikelaarstraat 32, 3600 Genk, BelgiumKBO/BCE: BE 0439.243.813
Summary

Foresco BE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79.7m and a net result of -€16.4m. Equity is growing by ~71.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Risk analysisWatch ReportCompare
Foresco BEActiveChecked score 64/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
NACE 16240
#1 company by staff growth in Belgium, Wood and cork sector19 sites
Size
€165.0mturnover 2025
Staff
454.9 FTE
Equity
€79.7m
Loss
-€16.4m
Financial health
64 Healthy Checked score 2025
Bankruptcy chance 12 m
1.3%
Structure
Parent
FORESCO GROUP · 100%
Holdings
31
Accounts 24 d early1 of 41 deeds read
Why 64- Liquidity: current ratio 0.66, cash €2.8m- Equity €79.7m (19.2% of total assets)- Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)- 1 of the last 3 lateShow the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 38% of its sector peers (all companies)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 44-5
equity 19.2% of total assets
Liquidity 41-5
short-term debt 25.7% · cash 0.7%
Profitability 34+15
return on assets -3.9%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▼ -4.2% vs 01-2025lowest value 03-2025: 0.2%▲ +1.5% vs 02-2025 04-2025: 0.2%▲ +2.4% vs 03-2025 05-2025: 0.2%▲ +11.3% vs 04-2025 06-2025: 0.2%▲ +3.4% vs 05-2025 07-2025: 0.3%▲ +29.1% vs 06-2025 08-2025: 0.6%▲ +82.2% vs 07-2025 09-2025: 0.7%▲ +24.6% vs 08-2025 10-2025: 1.0%▲ +41.4% vs 09-2025 11-2025: 1.0%● 0.0% vs 10-2025 12-2025: 1.0%● 0.0% vs 11-2025 01-2026: 1.0%● 0.0% vs 12-2025 02-2026: 1.0%▼ -3.4% vs 01-2026 03-2026: 1.0%▲ +0.8% vs 02-2026 04-2026: 1.0%● 0.0% vs 03-2026 05-2026: 1.0%▲ +0.6% vs 04-2026 06-2026: 1.0%▲ +2.1% vs 05-2026 07-2026: 1.0%▲ +0.6% vs 06-2026 08-2026: 1.3%▲ +32.4% vs 07-2026highest value 09-2026: 1.3%● 0.0% vs 08-2026highest value 10-2026: 1.3%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 0.66, cash €2.8m raises the probability
  • Equity €79.7m (19.2% of total assets) raises the probability
  • Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16) raises the probability
  • 1 of the last 3 late raises the probability
Credit up to €5,100,000 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.8 in 2024; short-term debt: 25.7% and cash: 0.7% of total assets), and 80.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 31%, liquidity 43%, profitability 22%, growth against the median 56%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 0.66, cash €2.8m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €79.7m (19.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€16.4m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 160 sector peers (2025).
NBB · sector comparison
Position among 160 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 d early
2024
34 d late
2023
26 d early
2022
87 d early
2021
74 d early
2020
9 d early
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
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 6 July (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Capital & shares · Statutes amendmentAuditor report · Capital increase…
  3. Weakest financial yearnet -€16.4m

Key points

  • Positive: Turnover rose in 2025from €64.6m to €165.0m ▲ 155% View
  • Caution: Among the weakest 5% on net resultsector median €50,837 · 161 companies -€16.4m View
  • Controlled by FORESCO GROUPultimately: FORESCO 100% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€16.4m View
  • Flemish supportawarded 2022 - 2025 €82,911 View

By topic

Financials

Fiscal year
2025
Turnover
€165.0m
Loss
-€16.4m
Solvency
19.2%
Turnover▲ 155%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 07-07-2026Annual accounts filed
  2. 12-06-2026Capital & shares · Statutes amendment
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
19
Legal form
Public limited company
Activity
Manufacture of wood and of products of wood…NACE 16240
Founded
29-12-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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