Debts
€2.8m 98% of the balance sheet
Financial debts 10%Suppliers 12%Taxes and wages 2%Other 75%
Of this, €579,397 falls due within a year.
FORTA
Lifetime
1 annual account with figurespeak -€16,450 (2025)
-€16,450
lowest -€47,337 (2025)
-€47,337
peak €52,663 (2025)
€52,663
€2.8m
Board3 names since 2024
3 directorsCoenegrachts Jan and 2 others
Owners2 names in the annual accounts
50%SEALD and 1 other
Documentsfilings and deeds
01-09-202632 days late
2025abbreviated format
Loss of €47,337First year with figures
Key points
from the 2025 annual accountsPosition in the sector
-€47,337
Lower net result than 82% of companies in real estate. Sector median €9,997 · 11,290 companies.
Public support
€731,729 awarded from 2024 to 2025
Flemish support: Erfgoedpremie via oproep (voor ingrijpende werken).
2025 accounts filed 32 days after the deadlineTurnover not published (abbreviated format)
Checked score
54
Fair
Financially stronger than 28% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.1%lowest value
09-2025: 1.2%▲ +0.1 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.3%▲ +0.1 percentage points vs 10-2025
12-2025: 1.4%▲ +0.1 percentage points vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.5%▲ +0.1 percentage points vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.6%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 1.6%● unchanged vs 06-2026highest value
08-2026: 1.6%● unchanged vs 07-2026highest value
09-2026: 1.6%● unchanged vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 4.95, cash €271
1 change of registered office in 24 months
Last filed accounts filed 32 days late; 1 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 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 68, small). It does better than 19% of them on solvency, 39% on liquidity and 27% on profitability.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 865 companies had the same profile as FORTA has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.7%
stopped another way
1.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FORTA itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 865 companies, not a prediction for FORTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.95, above the usual 1.5. Short-term debt is 20.2% and cash 0% of total assets. However, 98.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 32 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
32 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- SEALD 50%equity €1.4m (2025) · 2025 annual accounts of SEALD
- Refined 12.5%score 92equity €108,717 (2025) · 2025 annual accounts of Refined
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011163929
Registered office moved within Hoogstraten
New registered office: Karel Boomstraat 2 te 2320 Hoogstraten · Previous registered office: Burgemeester J. Van Aperenstraat 9A, 2320 Hoogstraten · Board meeting of 10-12-2024 · Gazette deed
Incorporation
Founding capital of €100,000, 1,000 shares, €5,000 paid up · Founder: SEALD · Appointments: Coenegrachts Jan, REFINED and Mertens Guy Xavier Marie Louise · published on 08-07-2024 · Gazette deed
First establishment
Karel Boomstraat 2, Hoogstraten
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FORTA Hoogstraten | €2.9m | -€16,450 | 1.8% | - |
| United Value Antwerp | €2.5m | -€2,334 | -2.0% | 0 |
| Pinus Sylvestris Ghent | €3.3m | -€12,820 | 26.8% | - |
| EB Estate Ottignies-Louvain-la-Neuve | €3.3m | -€93,707 | 73.4% | - |
| RUVER-INVEST Mol | €2.1m | -€594 | -4.4% | - |
| Pinus Laricio Ghent | €2.3m | -€4,519 | 0.7% | - |
| Global Normande Oostkamp | €4.0m | -€35,922 | 0.7% | - |
These companies have the same main activity as FORTA: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2.1m and €4m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 04-07-2024Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Establishment unit
- 2.363.989.1762320 Hoogstraten, since 04-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-09-2025
Insights on FORTA
The computed 12-month bankruptcy probability of FORTA is 1.6% (moderate). The 2025 annual accounts show equity of €52,663 and a net result of -€47,337.
Its solvency ranks better than 20% of 11,299 sector peers (NACE 68, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FORTA
- What is the company number of FORTA?
- The company number of FORTA is 1011.163.929. The VAT number is the same number with BE in front: BE 1011.163.929.
- Where is FORTA based?
- The registered office is at Karel Boomstraat 2, 2320 Hoogstraten.Company details
- What does FORTA do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of FORTA?
- FORTA is a private limited company (BV).
- When was FORTA founded?
- FORTA was founded on 04-07-2024.
- Is FORTA still active?
- Yes, FORTA is an active enterprise in the KBO register.
- What is the turnover of FORTA?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is FORTA profitable?
- In financial year 2025, FORTA made a loss of €47,337.
- Where can I find the annual accounts of FORTA?
- FORTA filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.