FORESCO PALLETS
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
26 d early
2022
87 d early
2021
74 d early
2020
45 d early
2019
78 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 47 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?FORESCO · 21 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€25.3m▼ 6.0%
2023 · €27.0m
EBIT margin
15.8%▼ 1.6pp
2023 · 17.4%
Net result
€2.8m▼ 18.0%
2023 · €3.4m
Working capital
€2.8m▲ 3,908%
2023 · €69,197
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€14.8m▲ 11.8%€19.9m▲ 34.1%€39.8m▲ 100%€27.0m▼ 32.3%€25.3m▼ 6.0%
Operating result€1.2m▲ 31.0%€3.7m▲ 200%€6.2m▲ 67.8%€4.7m▼ 24.6%€4.0m▼ 14.6%
Net result€828,416▲ 27.2%€2.8m▲ 242%€4.7m▲ 67.0%€3.4m▼ 27.2%€2.8m▼ 18.0%
EBIT margin8.3%▲ 1.2pp18.6%▲ 10.3pp15.6%▼ 3.0pp17.4%▲ 1.8pp15.8%▼ 1.6pp
Equity€2.2m▼ 29.1%€3.8m▲ 68.5%€4.6m▲ 22.2%€2.4m▼ 48.0%€5.2m▲ 118%
Total assets€3.5m▼ 26.4%€6.6m▲ 89.4%€12.4m▲ 89.3%€7.5m▼ 39.4%€9.2m▲ 22.8%
Debt€1.2m▼ 20.9%€2.8m▲ 128%€7.8m▲ 180%€5.1m▼ 34.4%€4.0m▼ 21.6%
Working capital€2.0m▼ 31.8%€3.5m▲ 73.9%€3.8m▲ 8.1%€69,197▼ 98.2%€2.8m▲ 3,908%
Staff (FTE)30.6▼ 0.3%30.8▲ 0.7%50.9▲ 65.3%44.1▼ 13.4%39.2▼ 11.1%
Why a figure moved sharply
- 2021 Net result +242% on 2020. The previous fiscal year ran 15 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.2m
Fixed assets
€2.6m ▲ 12.1%
Current assets
€6.7m ▲ 29.0%
Equity and liabilities €9.2m
Equity
€5.2m ▲ 118%
Debt
€4.0m ▼ 21.6%
Debt's share of the balance-sheet total falls from 68.1% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.4m▼
2023 · €4.9m
Cash flow
€3.2m▼
2023 · €3.7m
Current ratio
1.71▲
2023 · 1.01
Quick ratio
0.98▲
2023 · 0.57
Debt to equity
0.77▼
2023 · 2.14
ROE
54.1%▼
2023 · 143.7%
ROA
30.6%▼
2023 · 45.8%
Interest coverage
21.90▼
2023 · 98.23
Debt ≤ 1 year
€3.9m▼
2023 · €5.1m
Income taxes
€981,141▼
2023 · €1.2m
Staff costs
€2.7m▼
2023 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €20.6m | €40.9m | €26.7m | €26.6m | ▼ 0.3% |
| Turnover70 | €14.8m | €19.9m | €39.8m | €27.0m | €25.3m | ▼ 6.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €499,727 | €846,449 | -€1.3m | €300,029 | ▲ 123% |
| Other operating income74 | - | €245,078 | €166,622 | €749,623 | €940,786 | ▲ 25.5% |
| Non-recurring operating income76A | - | €16,830 | €40,083 | €260,184 | €23,384 | ▼ 91.0% |
| Operating charges60/66A | - | €16.9m | €34.7m | €22.0m | €22.6m | ▲ 2.7% |
| Goods for resale, raw materials and consumables60 | - | €12.5m | €26.7m | €15.0m | €15.0m | ▼ 0.1% |
| Purchases600/8 | - | €12.7m | €26.5m | €14.2m | €15.3m | ▲ 7.8% |
| Change in stocks: decrease (increase)609 | - | -€111,521 | €215,257 | €823,076 | -€306,342 | ▼ 137% |
| Services and other goods61 | - | €2.6m | €5.0m | €3.9m | €4.5m | ▲ 13.2% |
| Remuneration, social security and pensions62 | - | €1.6m | €2.7m | €2.7m | €2.7m | ▼ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €132,324 | €65,445 | €190,424 | €227,030 | €387,517 | ▲ 70.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €8,647 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €50,933 | €88,313 | €65,012 | €67,298 | ▲ 3.5% |
| Non-recurring operating charges66A | - | €5,797 | €782 | €3,046 | €10,438 | ▲ 243% |
| Operating profit (loss)9901 | €1.2m | €3.7m | €6.2m | €4.7m | €4.0m | ▼ 14.6% |
| Financial income75/76B | - | €42,537 | €92,306 | €145,552 | €37,435 | ▼ 74.3% |
| Recurring financial income75 | €31,981 | €42,537 | €92,306 | €145,552 | €37,435 | ▼ 74.3% |
| Income from current assets751 | - | €11,979 | €30,359 | €117,436 | €676 | ▼ 99.4% |
| Other financial income752/9 | - | €30,558 | €61,948 | €28,116 | €36,759 | ▲ 30.7% |
| Financial charges65/66B | - | €65,180 | €104,673 | €159,964 | €225,342 | ▲ 40.9% |
| Recurring financial charges65 | €79,731 | €65,180 | €104,673 | €159,964 | €225,342 | ▲ 40.9% |
| Debt charges650 | €25,462 | €28,354 | €57,046 | €49,927 | €200,019 | ▲ 301% |
| Other financial charges652/9 | - | €36,827 | €47,627 | €110,037 | €25,323 | ▼ 77.0% |
| Profit (loss) for the period before taxes9903 | €1.2m | €3.7m | €6.2m | €4.7m | €3.8m | ▼ 18.4% |
| Income taxes67/77 | €357,371 | €839,004 | €1.5m | €1.2m | €981,141 | ▼ 19.4% |
| Taxes670/3 | - | €840,451 | €1.5m | €1.2m | €984,344 | ▼ 19.1% |
| Tax adjustments and reversals of tax provisions77 | - | €1,447 | - | - | €3,203 | - |
| Profit (loss) for the period9904 | €828,416 | €2.8m | €4.7m | €3.4m | €2.8m | ▼ 18.0% |
| Transfer to tax-exempt reserves689 | - | €631,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €828,416 | €2.2m | €4.7m | €3.4m | €2.8m | ▼ 18.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €6.6m | €12.4m | €7.5m | €9.2m | ▲ 22.8% |
| Formation expenses20 | - | - | €124,328 | €73,324 | €11,640 | ▼ 84.1% |
| Fixed assets21/28 | €292,564 | €346,767 | €912,215 | €2.3m | €2.6m | ▲ 12.1% |
| Intangible fixed assets21 | - | €3,874 | €12,656 | €12,813 | €11,328 | ▼ 11.6% |
| Tangible fixed assets22/27 | €208,564 | €258,893 | €815,559 | €2.2m | €2.5m | ▲ 12.7% |
| Land and buildings22 | - | €20,624 | €48,506 | €113,143 | €124,787 | ▲ 10.3% |
| Plant, machinery and equipment23 | - | €61,727 | €181,061 | €419,756 | €2.0m | ▲ 382% |
| Furniture and vehicles24 | - | €9,689 | €250,523 | €187,231 | €114,985 | ▼ 38.6% |
| Leasing and similar rights25 | - | €14,348 | - | - | - | - |
| Other tangible fixed assets26 | - | €85,871 | €70,651 | - | - | - |
| Assets under construction and advance payments27 | - | €66,635 | €264,818 | €1.5m | €205,106 | ▼ 86.0% |
| Financial fixed assets28 | €84,000 | €84,000 | €84,000 | €84,000 | €84,000 | = |
| Other financial fixed assets284/8 | - | €84,000 | €84,000 | €84,000 | €84,000 | = |
| Amounts receivable and cash guarantees285/8 | - | €84,000 | €84,000 | €84,000 | €84,000 | = |
| Current assets29/58 | €3.2m | €6.2m | €11.4m | €5.2m | €6.7m | ▲ 29.0% |
| Stocks and contracts in progress3 | €1.7m | €2.4m | €4.4m | €2.3m | €2.9m | ▲ 26.9% |
| Stocks30/36 | - | €2.4m | €4.4m | €2.3m | €2.9m | ▲ 26.9% |
| Raw materials and consumables30/31 | - | €1.1m | €1.8m | €1.1m | €1.4m | ▲ 25.6% |
| Finished goods33 | - | €1.0m | €2.3m | €1.0m | €1.3m | ▲ 29.5% |
| Goods purchased for resale34 | - | €259,432 | €295,236 | €142,765 | €169,134 | ▲ 18.5% |
| Amounts receivable within one year40/41 | €1.1m | €2.8m | €5.6m | €2.6m | €3.1m | ▲ 17.1% |
| Trade receivables40 | - | €1.1m | €1.2m | €2.6m | €2.7m | ▲ 1.9% |
| Other amounts receivable41 | - | €1.7m | €4.4m | €2,080 | €400,676 | ▲ 19,160% |
| Cash at bank and in hand54/58 | €337,924 | €1.1m | €1.4m | €263,815 | €718,245 | ▲ 172% |
| Deferred charges and accrued income490/1 | - | €19,284 | €18,096 | €29,969 | €21,145 | ▼ 29.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €6.6m | €12.4m | €7.5m | €9.2m | ▲ 22.8% |
| Equity10/15 | €2.2m | €3.8m | €4.6m | €2.4m | €5.2m | ▲ 118% |
| Contributions10/11 | €100,000 | €100,000 | €123,015 | €123,015 | €123,015 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Outside capital11 | - | - | €23,015 | €23,015 | €23,015 | = |
| Other1109/19 | - | - | €23,015 | €23,015 | €23,015 | = |
| Reserves13 | €2.1m | €3.7m | €4.5m | €2.3m | €2.3m | = |
| Non-distributable reserves130/1 | - | €10,000 | €12,302 | €12,302 | €12,302 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | - | €2,302 | €2,302 | €2,302 | = |
| Tax-exempt reserves132 | - | €636,218 | €741,068 | €741,068 | €741,068 | = |
| Distributable reserves133 | - | €3.0m | €3.7m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | - | - | - | - | €2.8m | - |
| Amounts payable17/49 | €1.2m | €2.8m | €7.8m | €5.1m | €4.0m | ▼ 21.6% |
| Amounts payable after more than one year17 | €49,704 | €14,524 | - | - | - | - |
| Financial debts170/4 | - | €14,524 | - | - | - | - |
| Leasing and similar obligations172 | - | €14,524 | - | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €2.7m | €7.6m | €5.1m | €3.9m | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | - | €18,183 | €15,508 | - | - | - |
| Trade debts44 | €582,218 | €948,777 | €1.7m | €1.7m | €1.3m | ▼ 22.7% |
| Suppliers440/4 | - | €948,777 | €1.7m | €1.7m | €1.3m | ▼ 22.7% |
| Taxes, remuneration and social security45 | - | €321,681 | €841,902 | €1.4m | €969,061 | ▼ 29.0% |
| Taxes450/3 | - | €1,461 | €470,688 | €985,330 | €614,785 | ▼ 37.6% |
| Remuneration and social security454/9 | - | €320,219 | €371,214 | €380,458 | €354,276 | ▼ 6.9% |
| Other amounts payable47/48 | - | €1.5m | €5.1m | €2.0m | €1.6m | ▼ 20.7% |
| Accrued charges and deferred income492/3 | - | €35,424 | €185,871 | €29,637 | €124,367 | ▲ 320% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €828,416 | €2.8m | €4.7m | €3.4m | €2.8m | ▼ 18.0% |
| + Depreciation and write-downs630 | €132,324 | €65,445 | €190,424 | €227,030 | €387,517 | ▲ 70.7% |
| Operating cash flow (approximation) | €960,739 | €2.9m | €4.9m | €3.7m | €3.2m | ▼ 12.6% |
| Investment in fixed assets (approximation) | - | -€119,649 | -€755,871 | -€1.6m | -€664,140 | ▲ 58.5% |
| Change in cash | - | €716,931 | €310,638 | -€1.1m | €454,430 | ▲ 141% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €5mEq €5.2m ▲118%
7 profitable years in a row build equity to €5.2m.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €4.7m ▲67%
Operating result €6.2m, net result €4.7m, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Part of the group
FORESCO
21 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- FORESCO
- FORESCO GROUP
- Foresco BE
- FORESCO PALLETS
Highest known parent: FORESCO. The sources do not say who stands above it.
Owners 1
- Foresco BEparentSourceaccounts Foresco BE 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 37,378 EUR awarded · 36,867 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,301 EUR | 4,790 EUR |
| 2024 | 2 | 6,380 EUR | 6,380 EUR |
| 2023 | 1 | 2,631 EUR | 7,023 EUR |
| 2022 | 1 | 23,066 EUR | 18,674 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600437MAP3FQ1NA96