FORICON
ActiveSummary
FORICON has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-21k) and a net result of €11k. Equity is shrinking by ~3.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+41
Solvency0▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 1.78 in 2024; short-term debt: 277.5% and cash: 82.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-192.2%
Return on assets
100.5%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 28-01-2026, 123 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
123 d early
2024
40 d early
2023
10 d early
2022
3 d early
2021
1 d early
2020
1 d early
2019
5 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 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-21k▲ 34.3%
2024 · €-32k
2018: €-16k
2019: €-15k▲ +6.9% vs 2018highest in 8 years
2020: €-43k▼ -194% vs 2019
2021: €-18k▲ +58.8% vs 2020
2022: €-53k▼ -200% vs 2021lowest in 8 years
2023: €-46k▲ +14.3% vs 2022
2024: €-32k▲ +29.2% vs 2023
2025: €-21k▲ +34.3% vs 2024
2018 → 2025
Total assets
€11k▼ 93.0%
2024 · €158k
2018: €172k
2019: €182k▲ +5.8% vs 2018
2020: €177k▼ -2.7% vs 2019
2021: €199k▲ +12.3% vs 2020highest in 8 years
2022: €150k▼ -24.6% vs 2021
2023: €151k▲ +0.7% vs 2022
2024: €158k▲ +4.7% vs 2023
2025: €11k▼ -93.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€11k▼ 16.7%
2024 · €13k
2018: €-54klowest in 8 years
2019: €1k▲ +102% vs 2018
2020: €-29k▼ -2735% vs 2019
2021: €25k▲ +189% vs 2020highest in 8 years
2022: €-36k▼ -240% vs 2021
2023: €8k▲ +121% vs 2022
2024: €13k▲ +75.1% vs 2023
2025: €11k▼ -16.7% vs 2024
2018 → 2025
Working capital
€-20k
2024 · €69k
2018: €-12k
2019: €-14k▼ -18.6% vs 2018
2020: €-48k▼ -231% vs 2019lowest in 8 years
2021: €-16k▲ +66.9% vs 2020
2022: €48k▲ +405% vs 2021
2023: €56k▲ +15.8% vs 2022
2024: €69k▲ +23.6% vs 2023highest in 8 years
2025: €-20k▼ -128% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-18k-€-53k▼ 200%€-46k▲ 14.3%€-32k▲ 29.2%€-21k▲ 34.3%
2021: €-18khighest in 5 years
2022: €-53k▼ -200% vs 2021lowest in 5 years
2023: €-46k▲ +14.3% vs 2022
2024: €-32k▲ +29.2% vs 2023
2025: €-21k▲ +34.3% vs 2024
Operating result€-18k-€-5k▲ 72.8%€-7k▼ 38.6%€-4k▲ 43.6%€-5k▼ 29.2%
2021: €-18klowest in 5 years
2022: €-5k▲ +72.8% vs 2021
2023: €-7k▼ -38.6% vs 2022
2024: €-4k▲ +43.6% vs 2023highest in 5 years
2025: €-5k▼ -29.2% vs 2024
Net result€25k-€-36k€8k€13k▲ 75.1%€11k▼ 16.7%
2021: €25khighest in 5 years
2022: €-36k▼ -240% vs 2021lowest in 5 years
2023: €8k▲ +121% vs 2022
2024: €13k▲ +75.1% vs 2023
2025: €11k▼ -16.7% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €4k in 2024; the loss grows.
Key figures and ratios
Solvency
-192.2%▼
2024 · -20.5%
Current ratio
0.36▼
2024 · 1.78
Debt to equity
-1.52▲
2024 · -5.88
ROA
100.5%▲
2024 · 8.4%
Debt
€32k▼
2024 · €191k
Debt ≤ 1 year
€31k▼
2024 · €89k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€158k€11k▼
Current assets29/58€158k€11k▼
Amounts receivable within one year40/41€2k€2k▲
Other amounts receivable41€2k€2k▲
Current investments50/53€114k-
Cash at bank and in hand54/58€42k€9k▼
Equity and liabilities
Total equity and liabilities10/49€158k€11k▼
Equity10/15€-32k€-21k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-101k€-89k▲
Amounts payable17/49€191k€32k▼
Amounts payable after more than one year17€100k-
Financial debts170/4€100k-
Amounts payable within one year42/48€89k€31k▼
Trade debts44€4k-
Suppliers440/4€4k-
Other amounts payable47/48€85k€31k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Other operating charges640/8€408€407▼
Gross operating margin9900€-4k€-5k▼
Operating profit (loss)9901€-4k€-5k▼
Financial income75/76B€23k€43k▲
Recurring financial income75€23k€43k▲
Financial charges65/66B€5k€26k▲
Recurring financial charges65€5k€26k▲
Profit (loss) for the period before taxes9903€13k€11k▼
Profit (loss) for the period9904€13k€11k▼
Profit (loss) for the period to be appropriated9905€13k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-101k€-89k▲
Profit (loss) brought forward from the previous period14P€-114k€-101k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | - | - | - | - | - |
| Other operating charges640/8 | €1k | €551 | €899 | €408 | €407 | ▼ 0.2% |
| Gross operating margin9900 | €-8k | €-4k | €-6k | €-4k | €-5k | ▼ 32.7% |
| Operating profit (loss)9901 | €-18k | €-5k | €-7k | €-4k | €-5k | ▼ 29.2% |
| Financial income75/76B | €20k | €18k | €7k | €23k | €43k | ▲ 87.6% |
| Recurring financial income75 | €20k | €18k | €7k | €23k | €43k | ▲ 87.6% |
| Financial charges65/66B | €-23k | €48k | €-7k | €5k | €26k | ▲ 388% |
| Recurring financial charges65 | €-23k | €48k | €-7k | €5k | €26k | ▲ 388% |
| Profit (loss) for the period before taxes9903 | €25k | €-36k | €8k | €13k | €11k | ▼ 16.7% |
| Income taxes67/77 | €-475 | - | - | - | - | - |
| Profit (loss) for the period9904 | €25k | €-36k | €8k | €13k | €11k | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €25k | €-36k | €8k | €13k | €11k | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199k | €150k | €151k | €158k | €11k | ▼ 93.0% |
| Current assets29/58 | €199k | €150k | €151k | €158k | €11k | ▼ 93.0% |
| Amounts receivable within one year40/41 | €2k | €3k | €2k | €2k | €2k | ▲ 3.1% |
| Other amounts receivable41 | €2k | €3k | €2k | €2k | €2k | ▲ 3.1% |
| Current investments50/53 | €159k | €137k | €143k | €114k | - | - |
| Cash at bank and in hand54/58 | €37k | €11k | €6k | €42k | €9k | ▼ 78.3% |
| Deferred charges and accrued income490/1 | €252 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199k | €150k | €151k | €158k | €11k | ▼ 93.0% |
| Equity10/15 | €-18k | €-53k | €-46k | €-32k | €-21k | ▲ 34.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-86k | €-122k | €-114k | €-101k | €-89k | ▲ 11.1% |
| Amounts payable17/49 | €217k | €204k | €197k | €191k | €32k | ▼ 83.0% |
| Amounts payable after more than one year17 | - | €100k | €100k | €100k | - | - |
| Financial debts170/4 | - | €100k | €100k | €100k | - | - |
| Amounts payable within one year42/48 | €215k | €102k | €95k | €89k | €31k | ▼ 65.5% |
| Current portion of amounts payable after more than one year42 | €5k | - | - | - | - | - |
| Financial debts43 | - | - | €59 | - | - | - |
| Credit institutions430/8 | - | - | €59 | - | - | - |
| Trade debts44 | €2k | €1k | €2k | €4k | - | - |
| Suppliers440/4 | €2k | €1k | €2k | €4k | - | - |
| Other amounts payable47/48 | €209k | €101k | €93k | €85k | €31k | ▼ 63.8% |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €2k | €2k | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €-36k | €8k | €13k | €11k | ▼ 16.7% |
| + Depreciation and write-downs630 | €10k | - | - | - | - | - |
| Operating cash flow (approximation) | €35k | €-36k | €8k | €13k | €11k | ▼ 16.7% |
| Change in cash | - | €-27k | €-5k | €36k | €-33k | ▼ 191% |
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
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-10
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-10
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
30-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-10
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 60 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Zaventem · 1 establishment unit since 1997
Ground area
8,310 m²
Building footprint
1,991 m²
Volume, LiDAR
83,019 m³
2 parcels, Brussels, Flanders · tallest building 54.2 m, ±17 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
Genèvestraat 10, 1140 Evere
since 19972.059.859.732
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0317/00M009 | Brussels | 5,638 m² | 1 · 1,548 m² | 54.2 m · 17 fl. |
| 23772C0263/00A000 | Flanders | 2,672 m² | 1 · 443 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 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
Legal Entity Identifier
96760087XRV0VUZKIR64
Identification & contact
Identification
Legal formPublic limited company
Founded21-10-1992
Fiscal year end31-10
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
1. Jaarverslag. 2. Goedkeuring van de jaarrekening en resultatenrekening. 3. Kwijting aan de bestuurders. 4. Herbenoemingen.