Foronex Groep
Foronex Groep is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.45M and a net result of €-585k. Equity is shrinking by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 1407 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.45M |
| Net result | €-585k |
| Better than sector | 76% |
| Active | 5 yrs |
Fragile profile, watch health in particular.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 68.1% | 37.4% | |
| Net result | €-585k | €46k | |
| Equity | €1.45M | €362k | |
| Gross operating margin | €8k | €65k | |
| Total assets | €2.13M | €1.41M |
| Fiscal year | 2024 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-585k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €2.13M |
| Equity | €1.45M |
| Debt | €679k |
| of which ≤ 1y | €643k |
| of which > 1y | - |
| Working capital | n/a |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 68.1% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -27.5% |
| ROE | -40.4% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.13M |
| Fixed assets | 21/28 | €962k |
| Financial fixed assets | 28 | €962k |
| Current assets | 29/58 | €1.16M |
| Amounts receivable within one year | 40/41 | €1.06M |
| Cash & bank | 54/58 | €67k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.13M |
| Equity | 10/15 | €1.45M |
| Contributions / capital | 10/11 | €2.00M |
| Reserves | 13 | €32k |
| Accumulated profits (losses) | 14 | €-585k |
| Amounts payable | 17/49 | €679k |
| Amounts payable within one year | 42/48 | €643k |
| Trade debts payable within one year | 44 | €18k |
| Income statement | ||
| Gross operating margin | 9900 | €8k |
| Operating result | 9901 | €-591k |
| Financial income | 75 | €16k |
| Financial charges | 65 | €9k |
| Result before taxes | 9903 | €-585k |
| Net result for the period | 9904 | €-585k |
| Result to be appropriated | 9905 | €-585k |
-
VALTECHLegal entityDirector· perm. rep.: VANDEPUTTE Frank Herman DominiekState Gazette act 21345349 (20-07-2021)Current02-07-2021 → present
| NACE primary | Financial services(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 29-06-2021 |
| Status | Active |
| Postal code | 8710 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017C0332/00W000 | Flanders | 3.0 ha | 1 · 299 m² | 9.0 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
03-02-2026 Transaction in capital or shares
Technical details
{
"events": [],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0770.489.212",
"name_full": "FORONEX GROEP",
"legal_form": "BV"
}
}07-11-2025 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "proposal",
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Wielsbeke",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-11-07",
"filing_date": "2025-10-30",
"act_kind_objet": "Fusievoorstel"
},
"decision": {
"body": null,
"act_date": "2025-10-16",
"unanimous": null
},
"conversion": null,
"detected_kind": "merger_absorption",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0770.489.212",
"name": "FORONEX GROEP",
"role": "acquiring",
"address": "8710 Wielsbeke, Ooigemstraat 16",
"is_foreign": false,
"legal_form": "B.V.",
"is_new_company": false,
"jurisdiction_country": "BE"
},
{
"kbo": "0721.781.948",
"name": "FOR-RENT",
"role": "absorbed",
"address": "8710 Wielsbeke, Ooigemstraat 16",
"is_foreign": false,
"legal_form": "B.V.",
"is_new_company": false,
"jurisdiction_country": "BE"
},
{
"kbo": "0695.918.382",
"name": "ROYALSTAR",
"role": "absorbed",
"address": "8710 Wielsbeke, Ooigemstraat 16",
"is_foreign": false,
"legal_form": "B.V.",
"is_new_company": false,
"jurisdiction_country": "BE"
}
],
"exchange_ratio": null,
"legal_articles": [
"12:50",
"12:12",
"12:23",
"12:58",
"12:57"
],
"is_cross_border": false,
"is_silent_merger": true,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": 0,
"real_estate_included": false,
"patrimony_description": "Het gehele vermogen van de over te nemen vennootschappen, zowel de rechten als de verplichtingen, gaat over op de overnemende vennootschap.",
"equity_transferred_eur": null,
"accounting_effective_date": "2026-01-01"
},
"subject_company": {
"kbo": "0770.489.212",
"name_full": "FORONEX GROEP",
"legal_form": "B.V."
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"summary_narrative": "De BV FORONEX GROEP heeft een fusievoorstel opgesteld voor de overname van de BV FOR-RENT en de BV ROYALSTAR. De overnemende vennootschap zal het gehele vermogen van de overgenomen vennootschappen overnemen, zonder dat nieuwe aandelen worden uitgegeven. De fusie zal boekhoudkundig en juridisch ingaan op 1 januari 2026.",
"co_filed_documents": [],
"detected_real_type": "fusion_proposal",
"referenced_correction": null,
"should_reroute_to_category": null
}20-07-2021 VANDEPUTTE Frank Herman Dominiek appointed as director
- VANDEPUTTE Frank Herman Dominiek, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "VANDEPUTTE Frank Herman Dominiek",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0466148445",
"name": "VALTECH",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2021-07-02",
"evidence_quote": "De vergadering besluit tot aanstelling van de volgende niet-statutaire bestuurder, met ingang vanaf heden, en dit voor onbepaalde duur: - \u201CVALTECH\u201D naamloze vennootschap, waarvan de zetel gevestigd is te 8930 Menen, Krommebeekstraat 14, ingeschreven in het rechtspersonenregister te Gent, afdeling Ko"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0770.489.212",
"name_full": "FORONEX GROEP",
"legal_form": "BV"
}
}01-07-2021 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "8710 Wielsbeke, Ooigemstraat 16",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": "0770.397.061",
"name": "NATU"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "naam",
"partner_role": null,
"holder_org_kbo": "0770.397.061",
"holder_org_name": "NATU",
"contribution_type": "cash",
"amount_paid_in_eur": 120,
"holder_person_name": null,
"is_subscriber_only": false,
"n_shares_subscribed": 1200,
"amount_subscribed_eur": 120,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 120,
"subject_company": {
"kbo": "0770.489.212",
"name_full": "Foronex Groep",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-06-29",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Foronex Groep |