FORONEX
ActiveSummary
FORONEX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €160,391 and a net result of -€64,197. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 302 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▼-53
Solvency28=
Growth70=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.96 against 0.98 in 2023; short-term debt: 93.5% and cash: 8% of total assets), and 97.3% of the assets are financed with debt.
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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 2024Solvency, return and age of the figures
Solvency
2.7%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 302 sector peers (2024).
NBB · sector comparisonPosition among 302 sector peers
Solvency
better than 10%
← weakest
strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
29 d early
2023
22 d early
2022
77 d early
2021
77 d late
2019
33 d late
2018
69 d late
← 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 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 2 July (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, abbreviated schema
Turnover
€18.6m▲ 100%
2019 · €9.3m
EBIT margin
0.3%▼ 5.7pp
2019 · 6.0%
Net result
-€64,197
2023 · €722,727
Working capital
-€247,967▼ 47.5%
2023 · -€168,126
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192021202220232024
Turnover€9.3m▼ 18.3%€18.6m-
Operating result€561,104▲ 10,284%€52,675-€553,786▲ 951%€824,199▲ 48.8%€97,493▼ 88.2%
Net result-€250,539▲ 78.5%-€1.1mbelow the sector's middle half-€501,719above the sector's middle half€722,727above the sector's middle half▲ 44.1%-€64,197below the sector's middle half
EBIT margin6.0%▲ 6.0pp0.3%-
Equity€111,458▼ 69.2%-€999,858below the sector's middle half--€498,139below the sector's middle half▲ 50.2%€224,589within the sector's middle half€160,391within the sector's middle half▼ 28.6%
Total assets€3.9m▼ 48.4%€3.2mwithin the sector's middle half-€4.7mabove the sector's middle half▲ 49.0%€7.5mabove the sector's middle half▲ 57.6%€6.0mabove the sector's middle half▼ 19.1%
Debt€3.8m▼ 47.4%€4.2m-€5.2m▲ 25.3%€7.2m▲ 38.3%€5.9m▼ 18.9%
Working capital-€1.4m▼ 24.7%-€111,512below the sector's middle half--€823,391below the sector's middle half▼ 638%-€168,126below the sector's middle half▲ 79.6%-€247,967below the sector's middle half▼ 47.5%
Solvency2.8%▼ 1.9pp-31.5%below the sector's middle half--10.5%below the sector's middle half▲ 21.0pp3.0%below the sector's middle half▲ 13.5pp2.7%below the sector's middle half▼ 0.4pp
Current ratio0.55▼ 0.200.96below the sector's middle half-0.84below the sector's middle half▼ 0.120.98below the sector's middle half▲ 0.140.96below the sector's middle half▼ 0.02
Return on assets (ROA)-6.4%▲ 8.9pp-35.0%below the sector's middle half-10.6%within the sector's middle half▲ 45.6pp9.7%within the sector's middle half▼ 0.9pp-1.1%below the sector's middle half▼ 10.8pp
Staff (FTE)7.3▼ 27.7%8.8within the sector's middle half-10.9within the sector's middle half▲ 23.9%11.9within the sector's middle half▲ 9.2%13.6within the sector's middle half▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 88% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.0m
Fixed assets
€638,190 ▲ 36.6%
Current assets
€5.4m ▼ 22.9%
Equity and liabilities €6.0m
Equity
€160,391 ▼ 28.6%
Debt
€5.9m ▼ 18.9%
Debt's share of the balance-sheet total rises from 97.0% to 97.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€216,181▼
2023 · €904,195
Cash flow
€54,490▼
2023 · €802,724
Quick ratio
0.79▲
2023 · 0.78
Debt to equity
36.60▲
2023 · 32.21
ROE
-40.0%▼
2023 · 321.8%
Interest coverage
1.30▼
2023 · 8.33
Debt ≤ 1 year
€5.6m▼
2023 · €7.2m
Debt > 1 year
€110,352▲
2023 · €16,601
Income taxes
€1,779▲
2023 · €1,449
Staff costs
€1.2m▲
2023 · €898,184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.4%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 912 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €19.0m | - | - | - | - |
| Turnover70 | €9.3m | €18.6m | - | - | - | - |
| Other operating income74 | - | €335,602 | - | - | - | - |
| Non-recurring operating income76A | - | - | €176,174 | - | - | - |
| Operating charges60/66A | - | €18.9m | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | €14.2m | - | - | - | - |
| Purchases600/8 | - | €14.1m | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | €157,281 | - | - | - | - |
| Services and other goods61 | - | €2.7m | - | - | - | - |
| Remuneration, social security and pensions62 | - | €873,955 | €787,999 | €898,184 | €1.2m | ▲ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €430,217 | €429,929 | €113,217 | €79,996 | €118,688 | ▲ 48.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €19,990 | €30,340 | ▲ 51.8% |
| Other operating charges640/8 | - | €656,826 | €24,146 | €252,859 | €111,754 | ▼ 55.8% |
| Non-recurring operating charges66A | - | - | - | - | €550 | - |
| Gross operating margin9900 | - | - | €1.5m | €2.1m | €1.5m | ▼ 26.8% |
| Operating profit (loss)9901 | €561,104 | €52,675 | €553,786 | €824,199 | €97,493 | ▼ 88.2% |
| Financial income75/76B | - | €7,795 | €1,041 | €8,584 | €6,798 | ▼ 20.8% |
| Recurring financial income75 | - | €7,795 | €1,041 | €8,584 | €6,798 | ▼ 20.8% |
| Other financial income752/9 | - | €7,795 | - | - | - | - |
| Financial charges65/66B | - | €1.2m | €51,985 | €108,606 | €166,711 | ▲ 53.5% |
| Recurring financial charges65 | €699,553 | €98,235 | €36,800 | €108,606 | €166,711 | ▲ 53.5% |
| Debt charges650 | €75,460 | €80,235 | - | - | - | - |
| Other financial charges652/9 | - | €18,001 | - | - | - | - |
| Non-recurring financial charges66B | - | €1.1m | €15,184 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€250,231 | -€1.1m | €502,842 | €724,177 | -€62,419 | ▼ 109% |
| Income taxes67/77 | €308 | €765 | €1,123 | €1,449 | €1,779 | ▲ 22.7% |
| Taxes670/3 | - | €765 | - | - | - | - |
| Profit (loss) for the period9904 | -€250,539 | -€1.1m | €501,719 | €722,727 | -€64,197 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | -€250,539 | -€1.1m | €501,719 | €722,727 | -€64,197 | ▼ 109% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €3.2m | €4.7m | €7.5m | €6.0m | ▼ 19.1% |
| Fixed assets21/28 | €2.2m | €752,931 | €399,245 | €467,151 | €638,190 | ▲ 36.6% |
| Intangible fixed assets21 | €69,103 | €51,537 | €42,462 | €34,462 | €229,183 | ▲ 565% |
| Tangible fixed assets22/27 | €1.6m | €548,939 | €335,579 | €406,985 | €403,303 | ▼ 0.9% |
| Land and buildings22 | - | €43,254 | €46,469 | €98,596 | €115,384 | ▲ 17.0% |
| Plant, machinery and equipment23 | - | €145,537 | €148,335 | €211,209 | €195,503 | ▼ 7.4% |
| Furniture and vehicles24 | - | €70,587 | €31,966 | €19,346 | €44,737 | ▲ 131% |
| Leasing and similar rights25 | - | €289,560 | €108,809 | €77,834 | €47,679 | ▼ 38.7% |
| Financial fixed assets28 | €565,729 | €152,454 | €21,204 | €25,704 | €5,704 | ▼ 77.8% |
| Affiliated companies280/1 | - | €150,000 | - | - | - | - |
| Participating interests280 | - | €150,000 | - | - | - | - |
| Other financial fixed assets284/8 | - | €2,454 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €2,454 | - | - | - | - |
| Current assets29/58 | €1.7m | €2.4m | €4.3m | €7.0m | €5.4m | ▼ 22.9% |
| Stocks and contracts in progress3 | €398,724 | €241,442 | €502,417 | €1.4m | €924,971 | ▼ 33.8% |
| Stocks30/36 | - | €241,442 | €502,417 | €1.4m | €924,971 | ▼ 33.8% |
| Raw materials and consumables30/31 | - | €241,442 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.3m | €2.0m | €3.8m | €4.7m | €3.9m | ▼ 17.0% |
| Trade receivables40 | - | €1.6m | €3.2m | €3.1m | €3.4m | ▲ 10.3% |
| Other amounts receivable41 | - | €437,649 | €551,041 | €1.6m | €490,126 | ▼ 69.5% |
| Cash at bank and in hand54/58 | €24,458 | €127,208 | €47,214 | €609,761 | €484,488 | ▼ 20.5% |
| Deferred charges and accrued income490/1 | - | €45,453 | €33,869 | €273,613 | €72,004 | ▼ 73.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €3.2m | €4.7m | €7.5m | €6.0m | ▼ 19.1% |
| Equity10/15 | €111,458 | -€999,858 | -€498,139 | €224,589 | €160,391 | ▼ 28.6% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | -€1.9m | -€3.0m | -€2.5m | -€1.8m | -€1.9m | ▼ 3.6% |
| Amounts payable17/49 | €3.8m | €4.2m | €5.2m | €7.2m | €5.9m | ▼ 18.9% |
| Amounts payable after more than one year17 | €643,951 | €1.6m | €56,166 | €16,601 | €110,352 | ▲ 565% |
| Financial debts170/4 | - | €112,899 | €40,826 | €1,261 | €95,012 | ▲ 7,436% |
| Leasing and similar obligations172 | - | €112,899 | - | - | - | - |
| Other amounts payable178/9 | - | €1.5m | €15,340 | €15,340 | €15,340 | = |
| Amounts payable within one year42/48 | €3.2m | €2.5m | €5.2m | €7.2m | €5.6m | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | - | €106,904 | €70,327 | €45,658 | €65,160 | ▲ 42.7% |
| Financial debts43 | - | €750,000 | €2.0m | €2.8m | €2.6m | ▼ 4.5% |
| Credit institutions430/8 | - | - | €1.0m | €1.8m | €1.6m | ▼ 7.1% |
| Other loans439 | - | €750,000 | €1.0m | €1.0m | €1.0m | = |
| Trade debts44 | €2.8m | €1.6m | €3.0m | €4.2m | €2.6m | ▼ 39.5% |
| Suppliers440/4 | - | €1.6m | €3.0m | €4.2m | €2.6m | ▼ 39.5% |
| Taxes, remuneration and social security45 | - | €87,903 | €95,098 | €140,514 | €99,809 | ▼ 29.0% |
| Taxes450/3 | - | €4,357 | €13,905 | €12,253 | €1,819 | ▼ 85.2% |
| Remuneration and social security454/9 | - | €83,546 | €81,194 | €128,261 | €97,991 | ▼ 23.6% |
| Other amounts payable47/48 | - | - | - | - | €295,000 | - |
| Accrued charges and deferred income492/3 | - | €12,667 | €17,826 | €57,836 | €119,480 | ▲ 107% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€250,539 | -€1.1m | €501,719 | €722,727 | -€64,197 | ▼ 109% |
| + Depreciation and write-downs630 | €430,217 | €429,929 | €113,217 | €79,996 | €118,688 | ▲ 48.4% |
| Operating cash flow (approximation) | €179,679 | -€681,387 | €614,936 | €802,724 | €54,490 | ▼ 93.2% |
| Investment in fixed assets (approximation) | - | - | €240,469 | -€147,903 | -€289,726 | ▼ 95.9% |
| Change in cash | - | - | -€79,995 | €562,547 | -€125,272 | ▼ 122% |
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
08-09
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)Permanent representative: Jonas Uytterhaegen3 facts ▸
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)
Permanent representative: Jonas Uytterhaegen3 facts ▸
- General meeting, 03-06-2026
- Auditor appointment, RSM INTERAUDIT (statutory auditor)
- Permanent representative, Jonas Uytterhaegen (permanent representative)
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €722,727 ▲44.1%
Operating result €824,199, net result €722,727, both a record.
31-12
Financial
Equity above €200,000Eq €224,589
2 profitable years in a row build equity to €224,589.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €501,719
Net result €501,719 after 3 loss-making years.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 77 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 33 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 273 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
RSM INTERAUDIT
CurrentStatutory auditor · since 08-09-2026 · perm. rep.: Jonas Uytterhaegen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wielsbeke · 1 establishment unit since 2010
Ground area
3.0 ha
Building footprint
299 m²
Volume, LiDAR
1,675 m³
Parcel 37017C0332/00W000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
new Royalspan BVBA
since 20102.191.557.523
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017C0332/00W000 | Flanders | 3.0 ha | 1 · 299 m² | 9.0 m · 2 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| RSM INTERAUDIT |
|
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- Foronex Groep
- FORONEX
Highest known parent: Foronex Groep. The sources do not say who stands above it.
Owners 1
- Foronex Groepparent100%
Holdings 1
- Foronex France Transport SARLFRsubsidiarySourceown accounts 30-11-2021Equity €44,441Result -€70,951100%
According to the annual accounts to 30-11-2021 of FORONEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 624 EUR awarded · 624 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 504 EUR | 504 EUR |
| 2022 | 1 | 120 EUR | 120 EUR |
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Of 105 companies in sector 16210 we hold annual accounts for 75. 48 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
Founded07-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829136402
Also
9925:BE0829136402
Registered
04-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.