FOREVER M.A.
ActiveSummary
The computed 12-month bankruptcy probability of FOREVER M.A. is 1.9% (moderate). The 2024 annual accounts show equity of €16k and a net result of €7k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 95% of 1763 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2022
Profitability88▲+36
Solvency100=
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
short-term debt: 0.7% and cash: 42.4% of total assets, and 0.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2021 and did not fall compared with 2022. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
1920212224
2019 to 2024 · latest year €16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2022
153 d late
2021
153 d late
2020
318 d late
2019
153 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€84k▲ 176%
2022 · €30k
2019: €123khighest value
2020: €92k▼ -25.6% vs 2019
2021: €37k▼ -59.8% vs 2020
2022: €30k▼ -17.5% vs 2021lowest value
2024: €84k
2019 → 2024
EBIT margin
8.9%▲ 6.9pp
2022 · 2.0%
2019: 11.9%highest value
2020: -3.3%▼ -128% vs 2019lowest value
2021: -1.2%▲ +64.2% vs 2020
2022: 2.0%▲ +266% vs 2021
2024: 8.9%
2019 → 2024
Net result
€7k▲ 1,700%
2022 · €392
2019: €15khighest value
2020: €-3k▼ -121% vs 2019lowest value
2021: €-642▲ +79.1% vs 2020
2022: €392▲ +161% vs 2021
2024: €7k
2019 → 2024
Working capital
€15k▲ 242%
2022 · €4k
2019: €4klowest value
2020: €4k▲ +13.2% vs 2019
2021: €5k▲ +26.8% vs 2020
2022: €4k▼ -12.7% vs 2021
2024: €15khighest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Turnover€123k-€92k▼ 25.6%€37k▼ 59.8%€30k▼ 17.5%€84k▲ 176%
2019: €123khighest value
2020: €92k▼ -25.6% vs 2019
2021: €37k▼ -59.8% vs 2020
2022: €30k▼ -17.5% vs 2021lowest value
2024: €84k
Equity€10k-€7k▼ 30.3%€6k▼ 9.1%€7k▲ 6.1%€16k▲ 134%
2019: €10k
2020: €7k▼ -30.3% vs 2019
2021: €6k▼ -9.1% vs 2020lowest value
2022: €7k▲ +6.1% vs 2021
2024: €16khighest value
Operating result€15k-€-3k€-441▲ 85.6%€606€7k▲ 1,132%
2019: €15khighest value
2020: €-3k▼ -121% vs 2019lowest value
2021: €-441▲ +85.6% vs 2020
2022: €606▲ +237% vs 2021
2024: €7k
Net result€15k-€-3k€-642▲ 79.1%€392€7k▲ 1,700%
2019: €15khighest value
2020: €-3k▼ -121% vs 2019lowest value
2021: €-642▲ +79.1% vs 2020
2022: €392▲ +161% vs 2021
2024: €7k
Result per fiscal year
Operating resultNet result
The operating result is €7k in 2024, compared with €606 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €16k
Fixed assets
€698 ▼ 70.2%
Current assets
€15k ▲ 241%
Equity and liabilities €16k
Equity
€16k ▲ 134%
Debt
€115 ▲ 203%
Debt's share of the balance-sheet total rises from 0.6% to 0.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k
Cash flow
€9k
Debt to equity
0.01▲
2022 · 0.01
ROE
44.1%▲
2022 · 5.7%
ROA
43.8%▲
2022 · 5.7%
Interest coverage
40.20
Debt ≤ 1 year
€115▲
2022 · €38
Income taxes
€181
A ratio outside any meaningful range has been withheld (balance sheet total €16k, equity €16k).
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 2022 · 36 lines
Balance sheet
Code20222024
Assets
Total assets20/58€7k€16k▲
Fixed assets21/28€2k€698▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€1k€698▼
Plant, machinery and equipment23€1k€698▼
Current assets29/58€5k€15k▲
Amounts receivable within one year40/41€2k€9k▲
Trade receivables40-€1k
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€7k€16k▲
Equity10/15€7k€16k▲
Contributions10/11€8k€11k▲
Capital10€8k€11k▲
Issued capital100€19k€19k=
Uncalled capital101€11k€7k▼
Profit (loss) carried forward14€-684€5k▲
Amounts payable17/49€38€115▲
Amounts payable within one year42/48€38€115▲
Trade debts44€38€115▲
Suppliers440/4€38€115▲
Income statement
Code20222024
Turnover70€30k€84k▲
Non-recurring operating income76A€995-
Goods, raw materials, services and sundry goods60/61€31k€75k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€346€207▼
Gross operating margin9900€951€9k▲
Operating profit (loss)9901€606€7k▲
Financial charges65/66B€214€227▲
Recurring financial charges65€214€227▲
Profit (loss) for the period before taxes9903€392€7k▲
Income taxes67/77-€181
Profit (loss) for the period9904€392€7k▲
Profit (loss) for the period to be appropriated9905€392€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-684€5k▲
Profit (loss) brought forward from the previous period14P€-1k€-2k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €123k | €92k | €37k | €30k | €84k | - |
| Non-recurring operating income76A | - | €7k | €11k | €995 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €98k | €46k | €31k | €75k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | - | €2k | - |
| Other operating charges640/8 | - | €2k | €191 | €346 | €207 | - |
| Gross operating margin9900 | €17k | €776 | €1k | €951 | €9k | - |
| Operating profit (loss)9901 | €15k | €-3k | €-441 | €606 | €7k | - |
| Financial charges65/66B | - | €7 | €201 | €214 | €227 | - |
| Recurring financial charges65 | €50 | €7 | €201 | €214 | €227 | - |
| Profit (loss) for the period before taxes9903 | €15k | €-3k | €-642 | €392 | €7k | - |
| Income taxes67/77 | - | - | - | - | €181 | - |
| Profit (loss) for the period9904 | €15k | €-3k | €-642 | €392 | €7k | - |
| Profit (loss) for the period to be appropriated9905 | €15k | €-3k | €-642 | €392 | €7k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €32k | €8k | €7k | €16k | - |
| Fixed assets21/28 | €7k | €3k | €1k | €2k | €698 | - |
| Intangible fixed assets21 | €4k | €3k | €1k | €1k | - | - |
| Tangible fixed assets22/27 | €3k | €425 | - | €1k | €698 | - |
| Plant, machinery and equipment23 | - | €200 | - | €1k | €698 | - |
| Furniture and vehicles24 | - | €225 | - | - | - | - |
| Current assets29/58 | €21k | €29k | €7k | €5k | €15k | - |
| Stocks and contracts in progress3 | €4k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2k | €622 | €6k | €2k | €9k | - |
| Trade receivables40 | - | - | - | - | €1k | - |
| Other amounts receivable41 | - | €622 | €6k | €2k | €7k | - |
| Cash at bank and in hand54/58 | €14k | €28k | €471 | €3k | €7k | - |
| Deferred charges and accrued income490/1 | - | €594 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €32k | €8k | €7k | €16k | - |
| Equity10/15 | €10k | €7k | €6k | €7k | €16k | - |
| Contributions10/11 | €8k | €8k | €8k | €8k | €11k | - |
| Capital10 | - | €8k | €8k | €8k | €11k | - |
| Issued capital100 | - | €19k | €19k | €19k | €19k | - |
| Uncalled capital101 | - | €11k | €11k | €11k | €7k | - |
| Profit (loss) carried forward14 | €3k | €-434 | €-1k | €-684 | €5k | - |
| Amounts payable17/49 | €17k | €25k | €1k | €38 | €115 | - |
| Amounts payable within one year42/48 | €17k | €25k | €1k | €38 | €115 | - |
| Financial debts43 | - | €928 | - | - | - | - |
| Credit institutions430/8 | - | €928 | - | - | - | - |
| Trade debts44 | €4k | €23k | €1k | €38 | €115 | - |
| Suppliers440/4 | - | €23k | €1k | €38 | €115 | - |
| Other amounts payable47/48 | - | €952 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €-3k | €-642 | €392 | €7k | - |
| + Depreciation and write-downs630 | €2k | €2k | €2k | - | €2k | - |
| Operating cash flow (approximation) | €17k | €-1k | €858 | €392 | €9k | - |
| Investment in fixed assets (approximation) | - | €2k | €225 | €-1k | - | - |
| Change in cash | - | €14k | €-28k | €2k | - | - |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 153 days late
2022
31-12
Financial
Back to profitnet €392
Net result €392 after 2 loss-making years.
31-12
Financial
Liquidity times 26current ratio 118.44
Current ratio from 4.52 to 118.44; short-term debt falls from €1k to €38.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 153 days late
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 318 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 4.52
Current ratio from 1.16 to 4.52; short-term debt falls from €25k to €1k.
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Koekelberg · 1 establishment unit since 2018
Ground area
69 m²
Building footprint
70 m²
Volume, LiDAR
580 m³
Parcel 21492B0115/00K027, Brussels · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FOREVER M.A.
since 20182.270.808.996
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0115/00K027 | Brussels | 69 m² | 1 · 70 m² | 12.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoekelberg2.270.808.996
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,306 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.