Forthbound Software
ActiveForthbound Software has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €47k. Its solvency ranks better than 47% of 16745 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency97▲+12
Growth52
Stability82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 2.56 against 1.94 in 2024), and 43.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.5%
Return on assets
26.4%
Age of the figures
8 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
28 d early
2024
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
07-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€101k▲ 87.5%
2024 · €54k
2024: €54k
2024 → 2025
Total assets
€179k▲ 39.4%
2024 · €129k
2024: €129k
2024 → 2025
Net result
€47k▼ 7.4%
2024 · €51k
2024: €51k
2024 → 2025
Working capital
€77k▲ 131%
2024 · €33k
2024: €33k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€54k-€101k▲ 87.5%
Operating result€66k-€62k▼ 5.3%
Net result€51k-€47k▼ 7.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€53k▼ 11.4%
Current assets
€127k▲ 83.0%
Equity and liabilities €179k
Equity
€101k▲ 87.5%
Debt
€78k▲ 4.5%
The debt ratio falls from 58.0% to 43.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€77k▲
2024 · €71k
Cash flow
€62k▲
2024 · €57k
Solvency
56.5%▲
2024 · 42.0%
Current ratio
2.56▲
2024 · 1.94
Quick ratio
2.56▲
2024 · 1.94
Debt / equity
0.77▼
2024 · 1.38
ROE
46.7%▼
2024 · 94.5%
ROA
26.4%▼
2024 · 39.7%
Interest coverage
37.57▼
2024 · 72.31
Debt
€78k▲
2024 · €75k
Debt ≤ 1 year
€49k▲
2024 · €36k
Debt > 1 year
€29k▼
2024 · €39k
Income taxes
€13k▼
2024 · €14k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€129k€179k▲
Fixed assets21/28€60k€53k▼
Tangible fixed assets22/27€60k€53k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€2k
Leasing and similar rights25€57k€45k▼
Other tangible fixed assets26-€4k
Current assets29/58€69k€127k▲
Amounts receivable within one year40/41€7k€21k▲
Trade receivables40€7k€19k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€59k€104k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€129k€179k▲
Equity10/15€54k€101k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€51k€98k▲
Amounts payable17/49€75k€78k▲
Amounts payable after more than one year17€39k€29k▼
Financial debts170/4€39k€29k▼
Amounts payable within one year42/48€36k€49k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€19k€35k▲
Taxes450/3€19k€33k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€372-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€14k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€73k€78k▲
Operating profit (loss)9901€66k€62k▼
Financial income75/76B€0€27▲
Recurring financial income75€0€27▲
Financial charges65/66B€986€2k▲
Recurring financial charges65€986€2k▲
Profit (loss) for the period before taxes9903€65k€60k▼
Income taxes67/77€14k€13k▼
Profit (loss) for the period9904€51k€47k▼
Profit (loss) for the period to be appropriated9905€51k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€98k▲
Profit (loss) brought forward from the previous period14P-€51k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €101k ▲87.5%
2 profitable years in a row build equity to €101k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Deductive
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Of 29,862 companies in sector 62200 we hold annual accounts for 18,245. 15,450 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2024
Fiscal year end31-12
Abbreviation NL
Forthbound
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.