Skip to content

FORREZ INTERNATIONAL

Active
Public limited companyfounded 2009active for 17 yearsSint-Krispijnstraat 2, 8900 Ieper, BelgiumKBO/BCE: BE 0811.370.455
Summary

FORREZ INTERNATIONAL has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.8m and a net result of €553,499. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 18% of 32 sector peers (NACE 49, financial year 2026). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Activity
Freight transport by road
NACE 49410Wholesale of motor vehicle parts and accessories NACE 46720
2nd largest company by total assets in Ypres, Transport and storage sector1 site
Size
€56.7mturnover 2026
Staff
13.2 FTE
Equity
€4.8m
Profit
€553,499
Financial health
63 Healthy Checked score 2026
Bankruptcy probabilitywithin 12 months
1.2%
Structure
Parent
BENVELC · 100%
  • MUNODirector · permanent representative Marie Christine Forrez
Auditor: VRC BEDRIJFSREVISORENAccounts 22 days early2 of 13 deeds read
Why 63raises riskLiquidity: current ratio 1.24, cash €784,4961 of the last 3 lateSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 2009Show the evidence

Checked score

Score 2026
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 18% of its sector peers (NACE 49, small)
Financial strength · tick = 2025
Weak
Solvency 48-2
equity 22.5% of total assets
Liquidity 13=
short-term debt 77.0% · cash 3.7%
Profitability 44+9
return on assets 2.6%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,181 companies, NACE 49, small)
Last 24 months 11-2024: 1.5% 12-2024: 1.4%▼ -0.1 percentage points vs 11-2024 01-2025: 1.4%● unchanged vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025 07-2025: 1.4%● unchanged vs 06-2025 08-2025: 1.4%● unchanged vs 07-2025 09-2025: 1.5%▲ +0.1 percentage points vs 08-2025 10-2025: 1.7%▲ +0.2 percentage points vs 09-2025highest value 11-2025: 1.0%▼ -0.7 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 0.9%▼ -0.1 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026lowest value 07-2026: 0.9%● unchanged vs 06-2026lowest value 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026 10-2026: 1.2%▲ +0.2 percentage points vs 09-2026
Credit of up to €300,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.24, compared with 1.28 in 2025, below the usual 1.5; short-term debt: 77% and cash: 3.7% of total assets), and 77.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small): better than 29% on solvency, 7% on liquidity, 14% on profitability and 24% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.24, cash €784,496
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 32 sector peers (2026).
NBB · sector comparison
Position among 32 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 09-10-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
22 days early
2025
21 days early
2024
99 days late
2023
41 days early
2022
21 days early
2021
19 days early
2020
24 days early
← 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 7 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 10 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Resignations: Muno BV (director) and Wevano…Appointments: Muno BV (director) and…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Positive: 2nd largest company by total assets in Ypres, Transport and storage sectorin the Checked rankings No. 2 View
  • Positive: 8 profitable years in a rowprofit 2026: €553,499 8 years View
  • Controlled by BENVELCultimately: MUNO 100% View
  • New directorslatest change 31-07-2026 · 1 in office 2 joined View
  • Positive: Result rose in 2026from €406,585 to €553,499 ▲ 36.1% View

By topic

Financials

Financial year
2026
Turnover
€56.7m
Profit
€553,499
Solvency
22.5%
Turnover▼ 4.9%
Net result
20192026
Go to Financials

Timeline

Events
22
Since
2011
Next accounts
by 31-10-2027
  1. 19-09-2025Reappointment: VRC BEDRIJFSREVISOREN (statutory auditor)
  2. 07-02-2025Annual accounts filed
  3. 20-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
24-04-2009
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.