Forges de Pernelle

Active

Public limited companyfounded 1999active for 27 yearsRue de Pernelle 27, 5660 Couvin, BelgiumKBO/BCE: BE 0465.255.154

The file of Forges de Pernelle contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 0.6% (low). The 2025 annual accounts show negative equity (-€415,587) and a net result of -€4,499. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 5% of 16,853 sector peers (NACE 56, financial year 2025).

Risk analysisFollow Report Compare

Forges de PernelleActiveChecked score 55/100

Risk analysis Report Compare

Activity

Full-service restaurants

NACE 56111Hotels and similar accommodation NACE 55100

7th oldest company in Couvin, Accommodation and food service sector1 site

Size

≈ €250,000turnover 2025, estimated

Staff: 1.3 FTE
Equity: -€415,587
Loss: -€4,499

Turnover estimated from the gross margin

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

2025 accounts 2 days early3 deeds in the Belgian Official Gazette

Why 55raises riskCapped at 59: negative equityNegative equity -€415,587Sector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 3.13, cash €59,761Size: total assets €138,212Show the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 47% of its sector peers (NACE 56, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 0=

equity -300.7% of total assets

Liquidity 95+1

short-term debt 17.2% · cash 43.2%

Profitability 65-29

return on assets -3.3%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,767 companies, NACE 56, micro)

Last 24 months 11-2024: 0.7%highest value 12-2024: 0.6%▼ -0.1 percentage points vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.5%▼ -0.1 percentage points vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026lowest value 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.6%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026

No credit on open account

Liquidity ample (current ratio 3.13, compared with 3.11 in 2024, above the usual 1.5; short-term debt: 17.2% and cash: 43.2% of total assets), but equity is negative.

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 56, micro): better than 9% on solvency, 95% on liquidity, 44% on profitability and 39% on growth.

The bankruptcy probability was computed on 28-10-2026 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

Seven signals.

lowers riskraises riskneutral

Negative equity -€415,587

NBB · annual accounts

Sector: Food and beverage service activities (NACE 56)

KBO

Liquidity: current ratio 3.13, cash €59,761

NBB · annual accounts

Size: total assets €138,212

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€415,587

Prior bankruptcy

Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.

Belgian Official Gazette

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

2 days early

2024

5 days early

2023

43 days early

2022

31 days early

2021

4 days early

2020

30 days early

2019

1 day 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 17 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 April (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end29-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-04-2026 Annual accounts filedfinancial year 2025 · micro…
25-04-2025 Annual accounts filedfinancial year 2024 · micro…
30-09-2024 Back to profitnet €30,190

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€415,587 View
Caution: Among the weakest 5% on solvencysector median 29.7% · 16,853 companies -300.7% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year: 2025
Total assets: €138,212
Loss: -€4,499
Solvency: -300.7%

Total assets▼ 6.2%

Net result

20192025

Go to Financials

Timeline

Events: 27
Since: 2000
Next accounts: by 30-04-2027

18-03-2024Annual accounts filed
30-03-2023Annual accounts filed
30-09-2022Liquidity more than 17 times

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Full-service restaurantsNACE 56111
Founded: 01-02-1999
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Forges de Pernelle

What is the company number of Forges de Pernelle?: 0465.255.154. In Belgium the VAT number is the company number with BE in front: BE 0465.255.154.
Where is Forges de Pernelle based?: The registered office is at Rue de Pernelle 27, 5660 Couvin.Company details
What does Forges de Pernelle do?: According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of Forges de Pernelle?: Public limited company (NV).
When was Forges de Pernelle founded?: On 01-02-1999.
Is Forges de Pernelle still active?: Yes, Forges de Pernelle is an active enterprise in the KBO register.
How many employees does Forges de Pernelle have?: On average 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Forges de Pernelle?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Forges de Pernelle profitable?: In financial year 2025, Forges de Pernelle made a loss of €4,499.
Where can I find the annual accounts of Forges de Pernelle?: Forges de Pernelle filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Forges de Pernelle due?: By 30-04-2027, for financial year 2026.Timeline