Forthbound Software
ActiveSummary
Forthbound Software has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,339 and a net result of €47,280. Its solvency ranks better than 47% of 21,070 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €101,339
- Profit
- €47,280
Why 97lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 2.56, cash €103,918Size: total assets €179,297Equity €101,339 (56.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro): better than 49% on solvency, 75% on liquidity, 82% on profitability and 88% on growth.
The bankruptcy probability was computed on 24-10-2026 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).
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Signals
This company filed its last 2 accounts on average 29 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €100,000equity €101,339 ▲87.5%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 5% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,650 | €14,409 | ▲ 155% |
| Other operating charges640/8 | €1,330 | €1,043 | ▼ 21.5% |
| Gross operating margin9900 | €72,624 | €77,618 | ▲ 6.9% |
| Operating profit (loss)9901 | €65,645 | €62,166 | ▼ 5.3% |
| Financial income75/76B | €0 | €27 | ▲ 1,345× |
| Recurring financial income75 | €0 | €27 | ▲ 1,345× |
| Financial charges65/66B | €986 | €2,038 | ▲ 107% |
| Recurring financial charges65 | €986 | €2,038 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €64,659 | €60,155 | ▼ 7.0% |
| Income taxes67/77 | €13,600 | €12,875 | ▼ 5.3% |
| Profit (loss) for the period9904 | €51,059 | €47,280 | ▼ 7.4% |
| Profit (loss) for the period to be appropriated9905 | €51,059 | €47,280 | ▼ 7.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €128,645 | €179,297 | ▲ 39.4% |
| Fixed assets21/28 | €59,513 | €52,755 | ▼ 11.4% |
| Tangible fixed assets22/27 | €59,513 | €52,755 | ▼ 11.4% |
| Plant, machinery and equipment23 | €2,239 | €1,412 | ▼ 36.9% |
| Furniture and vehicles24 | - | €2,350 | - |
| Leasing and similar rights25 | €57,273 | €44,976 | ▼ 21.5% |
| Other tangible fixed assets26 | - | €4,017 | - |
| Current assets29/58 | €69,132 | €126,542 | ▲ 83.0% |
| Amounts receivable within one year40/41 | €7,472 | €20,732 | ▲ 177% |
| Trade receivables40 | €7,472 | €18,701 | ▲ 150% |
| Other amounts receivable41 | - | €2,031 | - |
| Cash at bank and in hand54/58 | €59,365 | €103,918 | ▲ 75.0% |
| Deferred charges and accrued income490/1 | €2,296 | €1,893 | ▼ 17.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €128,645 | €179,297 | ▲ 39.4% |
| Equity10/15 | €54,059 | €101,339 | ▲ 87.5% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €51,059 | €98,339 | ▲ 92.6% |
| Amounts payable17/49 | €74,586 | €77,958 | ▲ 4.5% |
| Amounts payable after more than one year17 | €38,888 | €28,566 | ▼ 26.5% |
| Financial debts170/4 | €38,888 | €28,566 | ▼ 26.5% |
| Amounts payable within one year42/48 | €35,698 | €49,393 | ▲ 38.4% |
| Current portion of amounts payable after more than one year42 | €9,935 | €10,322 | ▲ 3.9% |
| Trade debts44 | €6,206 | €3,690 | ▼ 40.5% |
| Suppliers440/4 | €6,206 | €3,690 | ▼ 40.5% |
| Taxes, remuneration and social security45 | €19,185 | €35,381 | ▲ 84.4% |
| Taxes450/3 | €19,185 | €33,281 | ▲ 73.5% |
| Remuneration and social security454/9 | - | €2,100 | - |
| Other amounts payable47/48 | €372 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €51,059 | €47,280 | ▼ 7.4% |
| + Depreciation and write-downs630 | €5,650 | €14,409 | ▲ 155% |
| Operating cash flow (approximation) | €56,708 | €61,689 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€7,651 | - |
| Change in cash | - | €44,553 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00249868 |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00218482 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VAN HANDENHOVE Brent Pascal Marleen |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-02
Gazette deed
IncorporationAppointment: VAN HANDENHOVE Brent Pascal Marleen (director) · Pre-incorporation commitments · Founder7 facts ▸
- Director appointment, VAN HANDENHOVE Brent Pascal Marleen (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en daaruit voortvloeiende verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in opric…” (deed in Dutch)
- Incorporation, “Forthbound Software” (deed in Dutch)
- Founder, VAN HANDENHOVE Brent Pascal Marleen
- Founding capital, €3,000
- Bank account, 3000, “bijzondere rekening geopend namens vennootschap in oprichting” (deed in Dutch)
- Shareholding, 100
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46026A0032/00B000 | Flanders | 841 m² | 1 · 145 m² | 0.6 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het onderzoek,de studie,de ontwikkeling,de integratie en de ondersteuning van alle elektronische materieel,alle hard- en software voor de…” (deed in Dutch)
10 activities (deed in Dutch)
- Het onderzoek,de studie,de ontwikkeling,de integratie en de ondersteuning van alle elektronische materieel,alle hard- en software voor de behandeling van informatie en/of gegevens;
- De analyse en conceptuele uitwerking van programma’s,het programmeren,het testen,het configureren,de installatie van programma’s en netwerken,de systeemintegratie,het beheer en de organisatie van informatica en telecommunicatiecentra;
- De ontwikkeling,uitgave,commercialisering van games;
- De promotie,de aankoop,de verhuur,de leasing,de doorverkoop en de verkoop van hard- en software,computer- en telecommateriaal,apparatuur,systemen en software,computers,tekstverwerkers,randapparatuur,computerprogramma’s,knowhow,netwerken en aanverwante producten en systemen,nevenproducten en activiteiten,informatica en telecommunicatie,in de meest ruime en breedste zin van het woord,zowel vanuit verkooppunten,kantoren,via telecommunicatie of via Internet in het bijzonder.
- In het algemeen mag de vennootschap alle handelingen stellen die verband houden met het informatica- en telecommunicatiegebeuren,robotica en automatisering.
- Zij mag alle managementactiviteiten uitoefenen,met inbegrip van interim management,advies- en dienstverlening onder meer op het gebied van hard- en software managementsystemen,technologie,organisatie,publiciteit,marketing,bedrijfsmanagement,economische,financiële,sociale,fiscale,handels- en bedrijfsorganisatorische aangelegenheden.
- Het verlenen en geven van opleidingen,begeleidingen,cursussen & trainingen,de organisatie van conferenties,evenementen en seminaries;
- Servicediensten en het verschaffen van ondersteuning in onder meer informatica en telecommunicatie technologieën,computertaal en aanverwante takken en/of met betrekking tot vermelde activiteiten.
- Het beheren van beleggingen en van participaties onder meer in dochtervennootschappen;
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur,aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit,alsmede het waarborgen van alle advies in deze statuten vermeld,zijn activiteiten andere dan deze bedoeld door de wet van zes april negentienhonderd vijfennegentig inzake de secundaire markten,het statuut van het toezicht op de beleggingsondernemingen,de bemiddelaars en de beleggingsadviseurs.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 9140 Temse,Burmtiendestraat 103” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Iedere bestuurder vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte. Als er slechts één…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur,zonder bepaling geacht van onbepaalde duur, bestuursorgaan kan gevolmachtigden aanstellen,al of niet…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor