Foronex Transport

Active

Private limited companyfounded 20197 yrs activeOoigemstraat 16, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0734.396.205

The computed 12-month bankruptcy probability of Foronex Transport is 2.0% (moderate). The 2024 annual accounts show equity of €285k and a net result of €-210k. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 992 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability63▼-11

Solvency32▼-2

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days acceptable

Liquidity short (current ratio 0.51 against 0.65 in 2023; short-term debt: 50.8% and cash: 0.9% of total assets), and 93.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 77

Relative position

BE, all sectors

reference

Sector 77

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

6.6%

Return on assets

-4.9%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 992 sector peers (2024).

NBB · sector comparison

Position among 992 sector peers

Solvency

better than 15%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

34 d early

2023

27 d early

2022

77 d early

2021

26 d early

2020

39 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€285k▼ 42.5%

2023 · €495k

2020: €166k 2021: €16k 2022: €288k 2023: €495k

2020 → 2024

Total assets

€4.32M▼ 18.9%

2023 · €5.32M

2020: €637k 2021: €3.00M 2022: €4.35M 2023: €5.32M

2020 → 2024

Net result

€-210k

2023 · €207k

2020: €56k 2021: €-150k 2022: €272k 2023: €207k

2020 → 2024

Working capital

€-1.07M▼ 0.1%

2023 · €-1.07M

2020: €-61k 2021: €-778k 2022: €-971k 2023: €-1.07M

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€166k-€16k▼ 90.3%€288k▲ 1,688%€495k▲ 71.9%€285k▼ 42.5%

Operating result€94k-€-137k€307k€296k▼ 3.5%€-129k

Net result€56k-€-150k€272k€207k▼ 23.8%€-210k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €129k after €296k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €4.32M

74.0%

26.0%

Fixed assets €3.19M▼ 4.8%

Current assets €1.12M▼ 43.1%

Equity and liabilities €4.32M

93.4%

Equity €285k▼ 42.5%

Debt €4.03M▼ 16.5%

The debt ratio rises from 90.7% to 93.4%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€569k▼

2023 · €957k

Cash flow

€488k▼

2023 · €868k

Solvency

6.6%▼

2023 · 9.3%

Current ratio

0.51▼

2023 · 0.65

Quick ratio

0.50▼

2023 · 0.64

Debt / equity

14.16▲

2023 · 9.76

ROE

-73.8%▼

2023 · 41.8%

ROA

-4.9%▼

2023 · 3.9%

Interest coverage

7.02▼

2023 · 11.14

Debt

€4.03M▼

2023 · €4.83M

Debt ≤ 1 year

€2.19M▼

2023 · €3.04M

Debt > 1 year

€1.80M▲

2023 · €1.76M

Income taxes

€339▼

2023 · €4k

Staff costs

€1.68M▲

2023 · €1.65M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€5.32M€4.32M▼

Fixed assets21/28€3.35M€3.19M▼

Tangible fixed assets22/27€3.34M€3.18M▼

Plant, machinery and equipment23€26k€22k▼

Furniture and vehicles24€978k€667k▼

Leasing and similar rights25€2.33M€2.49M▲

Financial fixed assets28€19k€19k=

Current assets29/58€1.97M€1.12M▼

Stocks and contracts in progress3€35k€19k▼

Stocks30/36€35k€19k▼

Amounts receivable within one year40/41€1.67M€1.04M▼

Trade receivables40€1.54M€1.03M▼

Other amounts receivable41€133k€19k▼

Cash at bank and in hand54/58€230k€39k▼

Deferred charges and accrued income490/1€34k€18k▼

Equity and liabilities

Total equity and liabilities10/49€5.32M€4.32M▼

Equity10/15€495k€285k▼

Contributions10/11€110k€110k=

Reserves13€385k€385k=

Distributable reserves133€385k€385k=

Profit (loss) carried forward14-€-210k

Amounts payable17/49€4.83M€4.03M▼

Amounts payable after more than one year17€1.76M€1.80M▲

Financial debts170/4€1.76M€1.80M▲

Amounts payable within one year42/48€3.04M€2.19M▼

Current portion of amounts payable after more than one year42€627k€561k▼

Trade debts44€668k€714k▲

Suppliers440/4€668k€714k▲

Taxes, remuneration and social security45€194k€219k▲

Taxes450/3€19k€49k▲

Remuneration and social security454/9€176k€170k▼

Other amounts payable47/48€1.55M€700k▼

Accrued charges and deferred income492/3€29k€35k▲

Income statement Code20232024

Remuneration, social security and pensions62€1.65M€1.68M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€661k€698k▲

Other operating charges640/8€106k€68k▼

Gross operating margin9900€2.71M€2.32M▼

Operating profit (loss)9901€296k€-129k▼

Financial income75/76B€208€400▲

Recurring financial income75€208€400▲

Financial charges65/66B€86k€81k▼

Recurring financial charges65€86k€81k▼

Profit (loss) for the period before taxes9903€210k€-210k▼

Income taxes67/77€4k€339▼

Profit (loss) for the period9904€207k€-210k▼

Profit (loss) for the period to be appropriated9905€207k€-210k▼

Appropriation of the result

Profit (loss) to be appropriated9906€207k€-210k▼

Transfer to equity691/2€207k-

To other reserves6921€207k-

Social balance

Average headcount (FTE)908723.022.9▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Gazette 1Filings 5

2026

08-09

State Gazette act General meeting · Auditor appointment

General meeting · Auditor appointment · Permanent representative3 facts ▸

General meeting, 2026-06-03
Auditor appointment, RSM INTERAUDIT (commissaris)
Permanent representative, Jonas Uytterhaegen

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €-210k ▼202%

Net result drops to €-210k, the lowest in the series.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

15-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Back to profitnet €272k

Net result €272k after one loss-making year.

31-12

Financial Equity above €200kEq €288k ▲1688%

Equity rises from €16k to €288k.

05-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

22-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Wielsbeke · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Ooigemstraat 168710 Wielsbeke

Ground area

3.0 ha

Building footprint

299 m²

Volume, LiDAR

1,675 m³