FORTANOVA
ActiveSummary
FORTANOVA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19,173 and a net result of -€7,150. Equity is growing by ~125.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 910 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-6
Solvency69▼-22
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.85 in 2023; short-term debt: 55.5% and cash: 0% of total assets), and 55.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
44.5%
Return on assets
-16.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€7,150
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
66 d late
2021
26 d late
2020
61 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€19,173▼ 27.2%
2023 · €26,322
Total assets
€43,090▲ 7.6%
2023 · €40,036
Net result
-€7,150▼ 71.1%
2023 · -€4,178
Working capital
€3,306▼ 71.4%
2023 · €11,568
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, 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
Line20202021202220232024
Operating result€683▼ 3.1%€1,860▲ 172%€38,123▲ 1,950%-€4,284-€7,402▼ 72.8%
Net result€545within the sector's middle half▼ 20.4%€1,707within the sector's middle half▲ 213%€34,783within the sector's middle half▲ 1,938%-€4,178within the sector's middle half-€7,150within the sector's middle half▼ 71.1%
Equity€1,511below the sector's middle half▲ 56.4%€3,218below the sector's middle half▲ 113%€30,501within the sector's middle half▲ 848%€26,322below the sector's middle half▼ 13.7%€19,173below the sector's middle half▼ 27.2%
Total assets€2,902below the sector's middle half▼ 46.5%€6,198below the sector's middle half▲ 114%€69,997below the sector's middle half▲ 1,029%€40,036below the sector's middle half▼ 42.8%€43,090below the sector's middle half▲ 7.6%
Debt€1,391▼ 68.8%€2,980▲ 114%€39,496▲ 1,225%€13,714▼ 65.3%€23,917▲ 74.4%
Working capital€1,511within the sector's middle half▲ 56.4%€3,218within the sector's middle half▲ 113%€14,037within the sector's middle half▲ 336%€11,568within the sector's middle half▼ 17.6%€3,306within the sector's middle half▼ 71.4%
Solvency51.9%within the sector's middle half43.6%within the sector's middle half▼ 8.3pp65.7%above the sector's middle half▲ 22.2pp44.5%within the sector's middle half▼ 21.3pp
Current ratio2.08within the sector's middle half1.36within the sector's middle half▼ 0.721.85within the sector's middle half▲ 0.491.14within the sector's middle half▼ 0.71
Return on assets (ROA)27.5%above the sector's middle half49.7%above the sector's middle half▲ 22.2pp-10.4%below the sector's middle half▼ 60.1pp-16.6%below the sector's middle half▼ 6.2pp
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,402 in 2024 against €4,284 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,090
Fixed assets
€15,867 ▲ 7.1%
Current assets
€27,223 ▲ 7.9%
Equity and liabilities €43,090
Equity
€19,173 ▼ 27.2%
Debt
€23,917 ▲ 74.4%
Debt's share of the balance-sheet total rises from 34.3% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,482▼
2023 · -€469
Cash flow
-€2,229▼
2023 · -€363
Debt to equity
1.25▲
2023 · 0.52
ROE
-37.3%▼
2023 · -15.9%
Interest coverage
-11.12▼
2023 · -3.27
Debt ≤ 1 year
€23,917▲
2023 · €13,652
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
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 0.4% 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 4,805 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €36 | €3,815 | €4,920 | ▲ 29.0% |
| Other operating charges640/8 | - | €682 | €668 | €1,246 | €2,100 | ▲ 68.5% |
| Gross operating margin9900 | €1,907 | €2,542 | €38,827 | €777 | -€383 | ▼ 149% |
| Operating profit (loss)9901 | €683 | €1,860 | €38,123 | -€4,284 | -€7,402 | ▼ 72.8% |
| Financial income75/76B | - | - | €105 | €249 | €476 | ▲ 90.8% |
| Recurring financial income75 | - | - | €105 | €249 | €476 | ▲ 90.8% |
| Financial charges65/66B | - | €153 | €201 | €144 | €223 | ▲ 55.4% |
| Recurring financial charges65 | €138 | €153 | €201 | €144 | €223 | ▲ 55.4% |
| Profit (loss) for the period before taxes9903 | €545 | €1,707 | €38,027 | -€4,178 | -€7,150 | ▼ 71.1% |
| Income taxes67/77 | - | - | €3,244 | - | - | - |
| Profit (loss) for the period9904 | €545 | €1,707 | €34,783 | -€4,178 | -€7,150 | ▼ 71.1% |
| Profit (loss) for the period to be appropriated9905 | €545 | €1,707 | €34,783 | -€4,178 | -€7,150 | ▼ 71.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,902 | €6,198 | €69,997 | €40,036 | €43,090 | ▲ 7.6% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | - | - | €16,464 | €14,817 | €15,867 | ▲ 7.1% |
| Tangible fixed assets22/27 | - | - | €16,464 | €14,817 | €15,867 | ▲ 7.1% |
| Plant, machinery and equipment23 | - | - | - | €796 | €4,822 | ▲ 506% |
| Furniture and vehicles24 | - | - | €16,464 | €14,021 | €11,046 | ▼ 21.2% |
| Current assets29/58 | €2,902 | €6,198 | €53,533 | €25,220 | €27,223 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €2,677 | €5,652 | €20,671 | €24,686 | €27,221 | ▲ 10.3% |
| Trade receivables40 | - | €2,975 | €17,619 | €12,499 | €17,382 | ▲ 39.1% |
| Other amounts receivable41 | - | €2,677 | €3,052 | €12,187 | €9,838 | ▼ 19.3% |
| Cash at bank and in hand54/58 | €225 | €546 | €32,731 | - | €2 | - |
| Deferred charges and accrued income490/1 | - | - | €131 | €534 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,902 | €6,198 | €69,997 | €40,036 | €43,090 | ▲ 7.6% |
| Equity10/15 | €1,511 | €3,218 | €30,501 | €26,322 | €19,173 | ▼ 27.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €402 | €402 | €402 | €402 | - | - |
| Non-distributable reserves130/1 | - | €402 | €402 | €402 | - | - |
| Reserves not available under the articles1311 | - | €402 | €402 | €402 | - | - |
| Profit (loss) carried forward14 | -€17,491 | -€15,784 | €11,499 | €7,320 | €573 | ▼ 92.2% |
| Amounts payable17/49 | €1,391 | €2,980 | €39,496 | €13,714 | €23,917 | ▲ 74.4% |
| Amounts payable within one year42/48 | €1,391 | €2,980 | €39,496 | €13,652 | €23,917 | ▲ 75.2% |
| Financial debts43 | - | - | - | €2,346 | €2,542 | ▲ 8.4% |
| Credit institutions430/8 | - | - | - | €2,346 | €2,542 | ▲ 8.4% |
| Trade debts44 | - | - | €27,130 | €5,381 | €4,944 | ▼ 8.1% |
| Suppliers440/4 | - | - | €27,130 | €5,381 | €4,944 | ▼ 8.1% |
| Advances received on contracts in progress46 | - | - | - | - | €14,461 | - |
| Taxes, remuneration and social security45 | - | - | €4,866 | €5,925 | €1,970 | ▼ 66.8% |
| Taxes450/3 | - | - | €4,866 | €5,700 | €1,970 | ▼ 65.4% |
| Remuneration and social security454/9 | - | - | - | €225 | - | - |
| Other amounts payable47/48 | - | €2,980 | €7,500 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €62 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €545 | €1,707 | €34,783 | -€4,178 | -€7,150 | ▼ 71.1% |
| + Depreciation and write-downs630 | - | - | €36 | €3,815 | €4,920 | ▲ 29.0% |
| Operating cash flow (approximation) | €545 | €1,707 | €34,819 | -€363 | -€2,229 | ▼ 513% |
| Investment in fixed assets (approximation) | - | - | - | -€2,168 | -€5,971 | ▼ 175% |
| Change in cash | - | €321 | €32,185 | - | - | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet -€7,150
Net result drops to -€7,150, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
2022
31-12
Financial
Highest result since 2018net €34,783 ▲1,938%
Operating result €38,123, net result €34,783, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 96 days late
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 146 days late
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 83 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 2013
Ground area
120 m²
Building footprint
97 m²
Volume, LiDAR
584 m³
Parcel 73081B0497/00X000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Fortanova
since 20132.219.805.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73081B0497/00X000 | Flanders | 120 m² | 1 · 97 m² | 9.9 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.
Structure & network
Owners and holdings
2 ownersOwners 2
- Peter Van Tuldennatural personSourceown accounts 202486%
- Alice Renaudnatural personSourceown accounts 202414%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of FORTANOVA 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.
Similar companies · same sector, comparable size
DOUGARTMIL
BE 0773.514.919
Waterloo · Eq €19,173
HARD OUTDOOR & ADVENTURE
BE 1005.255.540
Antwerpen · Eq €19,172
Sinking Sideways
BE 0759.407.258
Gavere · Eq €19,014
LEMATIC
BE 0440.248.950
Ukkel · Eq €19,007
ATRIUM MORTIS EVENTS
BE 0646.983.961
Waasmunster · Eq €18,976
Of 6,735 companies in sector 93299 we hold annual accounts for 1,169. 784 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
Founded14-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
61200Telecommunications resale and intermediation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0535722486
Registered
23-10-2025
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.