Fornax
ActiveThe computed 12-month bankruptcy probability of Fornax is 1.6% (moderate). The 2025 annual accounts show equity of €916k and a net result of €264k. Equity is growing by ~63.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 18281 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-14
Solvency66▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.51 against 2.4 in 2024; short-term debt: 21.8% and cash: 3.6% of total assets), but 58.6% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Sector 47
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
41.4%
Return on assets
11.9%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
11 d early
2024
26 d late
2023
7 d late
2022
42 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€916k▲ 40.4%
2024 · €653k
2022: €132k
2023: €170k
2024: €653k
2022 → 2025
Total assets
€2.21M▲ 8.7%
2024 · €2.03M
2022: €1.09M
2023: €1.11M
2024: €2.03M
2022 → 2025
Net result
€264k▼ 45.3%
2024 · €482k
2022: €102k
2023: €38k
2024: €482k
2022 → 2025
Working capital
€727k▲ 20.8%
2024 · €602k
2022: €-183k
2023: €-232k
2024: €602k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€132k-€170k▲ 28.8%€653k▲ 283%€916k▲ 40.4%
Operating result€142k-€52k▼ 63.1%€390k▲ 645%€371k▼ 4.7%
Net result€102k-€38k▼ 62.8%€482k▲ 1,166%€264k▼ 45.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.21M
Fixed assets
€1.00M=
Current assets
€1.21M▲ 17.3%
Equity and liabilities €2.21M
Equity
€916k▲ 40.4%
Debt
€1.30M▼ 6.2%
The debt ratio falls from 67.9% to 58.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€372k▼
2024 · €390k
Cash flow
€264k▼
2024 · €483k
Solvency
41.4%▲
2024 · 32.1%
Current ratio
2.51▲
2024 · 2.40
Quick ratio
2.51▲
2024 · 2.40
Debt / equity
1.41▼
2024 · 2.12
ROE
28.8%▼
2024 · 73.9%
ROA
11.9%▼
2024 · 23.7%
Interest coverage
16.53▼
2024 · 22.14
Debt
€1.30M▼
2024 · €1.38M
Debt ≤ 1 year
€483k▲
2024 · €430k
Debt > 1 year
€813k▼
2024 · €952k
Income taxes
€85k▼
2024 · €88k
Staff costs
€93k▲
2024 · €84k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.03M€2.21M▲
Fixed assets21/28€1.00M€1.00M=
Tangible fixed assets22/27€300-
Furniture and vehicles24€300-
Financial fixed assets28€1.00M€1.00M=
Current assets29/58€1.03M€1.21M▲
Amounts receivable within one year40/41€218k€371k▲
Trade receivables40€152k€305k▲
Other amounts receivable41€66k€66k=
Current investments50/53€608k€608k=
Cash at bank and in hand54/58€55k€80k▲
Deferred charges and accrued income490/1€150k€150k=
Equity and liabilities
Total equity and liabilities10/49€2.03M€2.21M▲
Equity10/15€653k€916k▲
Contributions10/11€30k€30k=
Reserves13€608k€608k=
Non-distributable reserves130/1€608k€608k=
Own shares acquired1312€608k€608k=
Profit (loss) carried forward14€14k€278k▲
Amounts payable17/49€1.38M€1.30M▼
Amounts payable after more than one year17€952k€813k▼
Financial debts170/4€952k€813k▼
Amounts payable within one year42/48€430k€483k▲
Current portion of amounts payable after more than one year42€137k€139k▲
Trade debts44€50k€43k▼
Suppliers440/4€50k€43k▼
Taxes, remuneration and social security45€62k€70k▲
Taxes450/3€47k€64k▲
Remuneration and social security454/9€15k€6k▼
Other amounts payable47/48€181k€231k▲
Income statement
Code20242025
Remuneration, social security and pensions62€84k€93k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€541€300▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€476k€466k▼
Operating profit (loss)9901€390k€371k▼
Financial income75/76B€199k€1▼
Recurring financial income75€199k€1▼
Financial charges65/66B€18k€22k▲
Recurring financial charges65€18k€22k▲
Profit (loss) for the period before taxes9903€571k€349k▼
Income taxes67/77€88k€85k▼
Profit (loss) for the period9904€482k€264k▼
Profit (loss) for the period to be appropriated9905€482k€264k▼
Appropriation of the result
Profit (loss) to be appropriated9906€623k€278k▼
Profit (loss) brought forward from the previous period14P€140k€14k▼
Transfer to equity691/2€608k-
To other reserves6921€608k-
The notes to these accounts (6 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2022net €482k ▲1166%
Operating result €390k, net result €482k, both a record.
31-12
Financial
Liquidity times 8current ratio 2.40
Current ratio from 0.31 to 2.40.
31-12
Financial
Equity above €500kEq €653k ▲283%
3 profitable years in a row build equity to €653k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Weakest financial yearnet €38k ▼62.8%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €170k ▲28.8%
2 profitable years in a row build equity to €170k.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Seneffe · 1 establishment unit since 2021
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 des Carrières 607181 SeneffeGround area
1.2 ha
Building footprint
323 m²
Parcel 52003B0700/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Fornax
since 20212.323.207.210
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52003B0700/00E000 | Wallonia | 1.2 ha | 1 · 323 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
UNIC - FLORENVILLE
BE 0406.819.384
Florenville · Eq €918k
FALIDIS
BE 0776.343.161
Sambreville · Eq €915k
UNIVERSAL FOODING
BE 0773.469.882
Anderlecht · Eq €919k
COLLIER RETAIL
BE 0659.999.084
Meise · Eq €912k
IMMOPLEG
BE 0450.952.703
Beveren · Eq €922k
Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 2,363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-2021
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
70200Business and other management consultancy
70220Business consulting
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:admin@fornax.be
Phone:0486219774