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ForFarmers BE

Active
Private limited companyfounded 2023active for 3 yearsTielensteenweg 24, 2460 Kasterlee, BelgiumKBO/BCE: BE 0801.957.594
Summary

The computed 12-month bankruptcy probability of ForFarmers BE is 3.0% (moderate). The 2024 annual accounts show equity of €4.6m and a net result of -€151,055. Its solvency ranks better than 89% of 8,973 sector peers (NACE 46, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale trade
NACE 46212
2nd largest company by equity in Kasterlee, Wholesale and retail trade sector1 site
Size
€5.4mtotal assets 2024
Staff
5.3 FTE
Equity
€4.6m
Loss
-€151,055
Turnover not published (abbreviated format)
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.0%
Structure
Parent
PROXANI · 99.99%
Accounts filed 137 days late0 of 3 deeds read
Why 52raises riskFigures for financial year 2024 (filed 19-12-2025)1 financial year not filed after the legal deadline; latest accounts 137 days late; 1 of the last 3 lateLoss of €151,055 (financial year 2024)lowers riskEquity €4.6m (85.1% of total assets)Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 66% of its sector peers (NACE 46, micro)
Financial strength
Strong
Solvency 100
equity 85.1% of total assets
Liquidity 67
short-term debt 14.4% · cash 15.7%
Profitability 44
return on assets -2.8%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,871 companies, NACE 46, micro)
Last 24 months 11-2024: 2.4% 12-2024: 2.4%● unchanged vs 11-2024 01-2025: 2.6%▲ +0.2 percentage points vs 12-2024 02-2025: 2.6%● unchanged vs 01-2025 03-2025: 2.5%▼ -0.1 percentage points vs 02-2025 04-2025: 2.8%▲ +0.3 percentage points vs 03-2025 05-2025: 2.9%▲ +0.1 percentage points vs 04-2025 06-2025: 2.9%● unchanged vs 05-2025 07-2025: 2.9%● unchanged vs 06-2025 08-2025: 2.9%● unchanged vs 07-2025 09-2025: 2.9%● unchanged vs 08-2025 10-2025: 2.9%● unchanged vs 09-2025 11-2025: 2.9%● unchanged vs 10-2025 12-2025: 6.6%▲ +3.7 percentage points vs 11-2025highest value 01-2026: 0.9%▼ -5.7 percentage points vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026lowest value 03-2026: 0.9%● unchanged vs 02-2026lowest value 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 1.1%▲ +0.2 percentage points vs 05-2026 07-2026: 1.3%▲ +0.2 percentage points vs 06-2026 08-2026: 1.7%▲ +0.4 percentage points vs 07-2026 09-2026: 2.0%▲ +0.3 percentage points vs 08-2026 10-2026: 3.0%▲ +1.0 percentage point vs 09-2026
Credit of up to €230,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity ample (current ratio 2.33, above the usual 1.5; short-term debt: 14.4% and cash: 15.7% of total assets), and 14.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 72% on liquidity and 35% on profitability.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 19-12-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 137 days late; 1 of the last 3 late
NBB · filings
lowers risk · Equity €4.6m (85.1% of total assets)
NBB · annual accounts
raises risk · Loss of €151,055 (financial year 2024)
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filing
Deviation from the deadline
2024
137 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 137 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 7% on net resultsector median €40,633 · 8,968 companies -€151,055 View
  • Caution: Latest accounts filed lateafter the legal deadline 137 days View
  • Controlled by PROXANIknown shareholders 100% 99.99% View

By topic

Financials

Financial year
2024
Total assets
€5.4m
Loss
-€151,055
Solvency
85.1%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46212
Founded
22-05-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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