FORTES
ActiveSummary
FORTES has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,763 and a net result of -€254. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+68
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 20.2 against 26.1 in 2024; short-term debt: 3.9% and cash: 42.9% of total assets), and 3.9% of the assets are financed with debt.
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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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
96.1%
Return on assets
-0.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€254
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
22 d early
2023
8 d early
2022
20 d early
2021
55 d early
2020
33 d early
2019
1 d 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 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€27,763▼ 34.8%
2024 · €42,601
Total assets
€28,896▼ 34.7%
2024 · €44,238
Net result
-€254▲ 98.1%
2024 · -€13,632
Working capital
€21,756▼ 47.0%
2024 · €41,083
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20212022202320242025
Operating result€33,645▲ 16.4%€26,724▼ 20.6%€2,492▼ 90.7%-€13,477€24
Net result€21,609within the sector's middle half▲ 48.2%€19,407within the sector's middle half▼ 10.2%€597within the sector's middle half▼ 96.9%-€13,632below the sector's middle half-€254below the sector's middle half▲ 98.1%
Equity€78,549within the sector's middle half▲ 34.0%€81,256within the sector's middle half▲ 3.4%€72,974within the sector's middle half▼ 10.2%€42,601within the sector's middle half▼ 41.6%€27,763within the sector's middle half▼ 34.8%
Total assets€86,727within the sector's middle half▲ 35.0%€101,927within the sector's middle half▲ 17.5%€78,075within the sector's middle half▼ 23.4%€44,238below the sector's middle half▼ 43.3%€28,896below the sector's middle half▼ 34.7%
Debt€8,178▲ 46.1%€20,671▲ 153%€5,101▼ 75.3%€1,637▼ 67.9%€1,133▼ 30.8%
Working capital€78,549within the sector's middle half▲ 35.6%€78,840within the sector's middle half▲ 0.4%€69,267within the sector's middle half▼ 12.1%€41,083within the sector's middle half▼ 40.7%€21,756within the sector's middle half▼ 47.0%
Solvency90.6%above the sector's middle half▼ 0.7pp79.7%above the sector's middle half▼ 10.9pp93.5%above the sector's middle half▲ 13.7pp96.3%above the sector's middle half▲ 2.8pp96.1%above the sector's middle half▼ 0.2pp
Current ratio10.61above the sector's middle half▼ 0.744.81above the sector's middle half▼ 5.7915.04above the sector's middle half▲ 10.2326.10above the sector's middle half▲ 11.0520.20above the sector's middle half▼ 5.89
Return on assets (ROA)24.9%above the sector's middle half▲ 2.2pp19.0%within the sector's middle half▼ 5.9pp0.8%within the sector's middle half▼ 18.3pp-30.8%below the sector's middle half▼ 31.6pp-0.9%below the sector's middle half▲ 29.9pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24 after a loss of €13,477 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,896
Fixed assets
€6,007 ▲ 296%
Current assets
€22,889 ▼ 46.4%
Equity and liabilities €28,896
Equity
€27,763 ▼ 34.8%
Debt
€1,133 ▼ 30.8%
Debt's share of the balance-sheet total rises from 3.7% to 3.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,596▲
2024 · -€12,763
Cash flow
€1,318▲
2024 · -€12,918
Debt to equity
0.04▲
2024 · 0.04
ROE
-0.9%▲
2024 · -32.0%
Interest coverage
93.88▲
2024 · -6381.50
Debt ≤ 1 year
€1,133▼
2024 · €1,637
Income taxes
€261▲
2024 · €153
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €726 | €141 | €867 | €714 | €1,572 | ▲ 120% |
| Other operating charges640/8 | €529 | €627 | €662 | €1,288 | €633 | ▼ 50.9% |
| Non-recurring operating charges66A | - | - | - | €2,416 | - | - |
| Gross operating margin9900 | €34,900 | €27,492 | €4,022 | -€9,059 | €2,229 | ▲ 125% |
| Operating profit (loss)9901 | €33,645 | €26,724 | €2,492 | -€13,477 | €24 | ▲ 100% |
| Financial income75/76B | €125 | - | - | - | - | - |
| Recurring financial income75 | €125 | - | - | - | - | - |
| Financial charges65/66B | €161 | €128 | €54 | €2 | €17 | ▲ 750% |
| Recurring financial charges65 | €161 | €128 | €54 | €2 | €17 | ▲ 750% |
| Profit (loss) for the period before taxes9903 | €33,609 | €26,596 | €2,438 | -€13,479 | €7 | ▲ 100% |
| Income taxes67/77 | €12,000 | €7,189 | €1,842 | €153 | €261 | ▲ 70.6% |
| Profit (loss) for the period9904 | €21,609 | €19,407 | €597 | -€13,632 | -€254 | ▲ 98.1% |
| Profit (loss) for the period to be appropriated9905 | €21,609 | €19,407 | €597 | -€13,632 | -€254 | ▲ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,727 | €101,927 | €78,075 | €44,238 | €28,896 | ▼ 34.7% |
| Fixed assets21/28 | €0 | €2,416 | €3,875 | €1,518 | €6,007 | ▲ 296% |
| Tangible fixed assets22/27 | €0 | €2,416 | €3,875 | €1,518 | €6,007 | ▲ 296% |
| Furniture and vehicles24 | €0 | €2,416 | €3,875 | €1,518 | €6,007 | ▲ 296% |
| Current assets29/58 | €86,727 | €99,511 | €74,200 | €42,720 | €22,889 | ▼ 46.4% |
| Amounts receivable within one year40/41 | €6,860 | €15,842 | €1,210 | €5,321 | €10,500 | ▲ 97.3% |
| Trade receivables40 | €4,104 | €6,005 | €1,210 | €4,878 | €10,500 | ▲ 115% |
| Other amounts receivable41 | €2,756 | €9,837 | €0 | €443 | - | - |
| Cash at bank and in hand54/58 | €79,867 | €83,669 | €72,990 | €36,849 | €12,389 | ▼ 66.4% |
| Deferred charges and accrued income490/1 | - | - | - | €550 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,727 | €101,927 | €78,075 | €44,238 | €28,896 | ▼ 34.7% |
| Equity10/15 | €78,549 | €81,256 | €72,974 | €42,601 | €27,763 | ▼ 34.8% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €77,549 | €80,256 | €71,974 | €52,200 | €37,616 | ▼ 27.9% |
| Non-distributable reserves130/1 | - | - | - | - | €37,616 | - |
| Other1319 | - | - | - | - | €37,616 | - |
| Distributable reserves133 | €77,549 | €80,256 | €71,974 | €52,200 | - | - |
| Profit (loss) carried forward14 | €0 | - | €0 | -€10,599 | -€10,853 | ▼ 2.4% |
| Amounts payable17/49 | €8,178 | €20,671 | €5,101 | €1,637 | €1,133 | ▼ 30.8% |
| Amounts payable within one year42/48 | €8,178 | €20,671 | €4,933 | €1,637 | €1,133 | ▼ 30.8% |
| Trade debts44 | €156 | €228 | €609 | €800 | - | - |
| Suppliers440/4 | €156 | €228 | €609 | €800 | - | - |
| Taxes, remuneration and social security45 | €6,832 | €5,003 | €2,345 | €837 | €729 | ▼ 12.9% |
| Taxes450/3 | €6,832 | €5,003 | €2,345 | €837 | €729 | ▼ 12.9% |
| Other amounts payable47/48 | €1,190 | €15,440 | €1,979 | - | €404 | - |
| Accrued charges and deferred income492/3 | - | - | €169 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,609 | €19,407 | €597 | -€13,632 | -€254 | ▲ 98.1% |
| + Depreciation and write-downs630 | €726 | €141 | €867 | €714 | €1,572 | ▲ 120% |
| Operating cash flow (approximation) | €22,335 | €19,548 | €1,463 | -€12,918 | €1,318 | ▲ 110% |
| Investment in fixed assets (approximation) | - | -€2,557 | -€2,326 | €1,643 | -€6,061 | ▼ 469% |
| Change in cash | - | €3,802 | -€10,679 | -€36,141 | -€24,460 | ▲ 32.3% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€13,632
Net result drops to -€13,632, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 15.04
Current ratio from 4.81 to 15.04; short-term debt falls from €20,671 to €4,933.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €21,609 ▲48.2%
Operating result €33,645, net result €21,609, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 5current ratio 19.11
Current ratio from 3.77 to 19.11; short-term debt falls from €15,910 to €3,378.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Aartselaar · 1 establishment unit since 1996
Ground area
257 m²
Building footprint
93 m²
Volume, LiDAR
721 m³
Parcel 11001B0292/00B004, Flanders · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FORTES
since 19962.131.211.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0292/00B004 | Flanders | 257 m² | 1 · 93 m² | 9.1 m · 3 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,388 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
Founded04-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
62900Other information technology and computer services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455905542
Also
9925:BE0455905542
Registered
12-10-2025
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.