FORET MATERIEL
ActiveSummary
FORET MATERIEL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €-25k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 64% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+30
Solvency83▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 2.4 in 2024; short-term debt: 36.2% and cash: 12.3% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.9%
Return on assets
-1.4%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-25k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
36 d early
2023
42 d early
2022
41 d early
2021
40 d early
2020
37 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-25k▲ 77.6%
2024 · €-111k
2018: €49k
2019: €92k
2020: €372k
2021: €236k
2022: €92k
2023: €34k
2024: €-111k
2018 → 2025
Working capital
€881k▼ 0.2%
2024 · €882k
2018: €691k
2019: €702k
2020: €988k
2021: €1.14M
2022: €1.16M
2023: €974k
2024: €882k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.20M-€1.21M▲ 1.5%€1.17M▼ 3.3%€1.06M▼ 9.8%€1.03M▼ 2.8%
Operating result€333k-€140k▼ 57.9%€54k▼ 61.4%€-85k€2k
Net result€236k-€92k▼ 61.0%€34k▼ 63.6%€-111k€-25k▲ 77.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €85k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.71M
Fixed assets
€187k ▼ 23.1%
Current assets
€1.52M ▲ 0.6%
Equity and liabilities €1.78M
Equity
€1.03M ▼ 2.8%
Debt
€748k ▼ 4.9%
Debt's share of the balance-sheet total falls from 42.7% to 42.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€80k▲
2024 · €-7k
Cash flow
€53k▲
2024 · €-32k
Current ratio
2.37▼
2024 · 2.40
Quick ratio
0.52▲
2024 · 0.46
Debt to equity
0.73▼
2024 · 0.74
ROE
-2.4%▲
2024 · -10.4%
ROA
-1.4%▲
2024 · -6.0%
Interest coverage
2.88▲
2024 · -0.28
Debt ≤ 1 year
€643k▲
2024 · €631k
Debt > 1 year
€105k▼
2024 · €155k
Income taxes
€604▼
2024 · €783
Staff costs
€484k▼
2024 · €564k
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.84M€1.78M▼
Formation expenses20€89k€66k▼
Fixed assets21/28€243k€187k▼
Tangible fixed assets22/27€243k€187k▼
Plant, machinery and equipment23€59k€49k▼
Other tangible fixed assets26€184k€138k▼
Current assets29/58€1.51M€1.52M▲
Stocks and contracts in progress3€1.22M€1.19M▼
Stocks30/36€1.22M€1.19M▼
Amounts receivable within one year40/41€90k€106k▲
Trade receivables40€63k€74k▲
Other amounts receivable41€27k€31k▲
Cash at bank and in hand54/58€195k€218k▲
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.84M€1.78M▼
Equity10/15€1.06M€1.03M▼
Contributions10/11€90k€90k=
Capital10€90k€90k=
Issued capital100€90k€90k=
Reserves13€15k€15k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€953k€923k▼
Amounts payable17/49€787k€748k▼
Amounts payable after more than one year17€155k€105k▼
Financial debts170/4€155k€105k▼
Amounts payable within one year42/48€631k€643k▲
Current portion of amounts payable after more than one year42€48k€50k▲
Financial debts43€134k€129k▼
Credit institutions430/8€134k€129k▼
Trade debts44€332k€344k▲
Suppliers440/4€332k€344k▲
Advances received on contracts in progress46€4k€1k▼
Taxes, remuneration and social security45€100k€99k▼
Taxes450/3€36k€38k▲
Remuneration and social security454/9€63k€61k▼
Other amounts payable47/48€13k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€564k€484k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€78k▲
Other operating charges640/8€4k€6k▲
Operating charges capitalised as restructuring costs649€0-
Non-recurring operating charges66A€50€1k▲
Gross operating margin9900€560k€572k▲
Operating profit (loss)9901€-85k€2k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€26k€28k▲
Recurring financial charges65€26k€28k▲
Profit (loss) for the period before taxes9903€-110k€-24k▲
Income taxes67/77€783€604▼
Profit (loss) for the period9904€-111k€-25k▲
Profit (loss) for the period to be appropriated9905€-111k€-25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€958k€928k▼
Profit (loss) brought forward from the previous period14P€1.07M€953k▼
Profit to be distributed694/7€5k€5k=
Return on contributions (dividend)694€5k€5k=
Social balance
Average headcount (FTE)908719.515.9▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-111k ▼429%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €372k ▲306%
Operating result €535k, net result €372k, both a record.
31-12
Financial
Equity above €1MEq €1.06M ▲34.6%
3 profitable years in a row build equity to €1.06M.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Erquelinnes · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Merbes 226560 ErquelinnesGround area
6,583 m²
Building footprint
1,992 m²
Volume, LiDAR
10,185 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Merbes sn, 6560 Erquelinnes
since 19902.047.267.251
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56022B0713/00T002 | Wallonia | 5,968 m² | 1 · 1,992 m² | 7.5 m · 2 fl. |
| 56022B0687/00N002indicative | Wallonia | 616 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteErquelinnes2.047.267.251
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LINK BUSINESS
BE 0429.142.747
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LEUCO
BE 0404.979.354
Waregem · Eq €1,036,059
Of 828 companies in sector 46620 we hold annual accounts for 642. 518 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
47521Retail sale of hardware, building materials, paint and glass (general range)
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.