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FORUM EUPEN

Active
Public limited companyfounded 200521 yrs activeIndustriestrasse 38, 4700 Eupen, BelgiumKBO/BCE: BE 0875.430.641
Summary

FORUM EUPEN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €230,642. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 55% of 847 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
FORUM EUPENActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Warehousing and storage
NACE 52100Freight transport by road NACE 49410NACE 60242
#2 company by total assets in Eupen, Transport and storage sector1 site
Size
€8.7mtotal assets 2025
Staff
2.9 FTE
Equity
€3.6m
Profit
€230,642
Financial health
85 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
EARLY BIRDS AG
Accounts filed 25 d late0 of 9 deeds read
Why 85- Liquidity: current ratio 1.18, cash €197,493- Sector Warehousing and support activities for transportation (NACE 52)+ Founded in 2005+ Size: 2.9 FTE, total assets €8.7mShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Better than 34% of its sector peers (NACE 52, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 67=
equity 42.0% of total assets
Liquidity 36-1
short-term debt 36.5% · cash 2.3%
Profitability 40+5
return on assets 2.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,293 companies)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● 0.0% vs 11-2024lowest value 01-2025: 0.2%● 0.0% vs 12-2024lowest value 02-2025: 0.2%● 0.0% vs 01-2025lowest value 03-2025: 0.2%▲ +0.5% vs 02-2025 04-2025: 0.2%▲ +12.7% vs 03-2025 05-2025: 0.2%▲ +3.8% vs 04-2025 06-2025: 0.3%▲ +33.7% vs 05-2025 07-2025: 0.5%▲ +42.3% vs 06-2025 08-2025: 0.3%▼ -37.6% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▲ +2.4% vs 01-2026 03-2026: 0.3%▲ +0.7% vs 02-2026 04-2026: 0.3%▲ +11.5% vs 03-2026 05-2026: 0.4%▲ +5.9% vs 04-2026 06-2026: 0.4%▲ +16.1% vs 05-2026 07-2026: 0.5%▲ +25.8% vs 06-2026 08-2026: 1.1%▲ +117% vs 07-2026highest value 09-2026: 0.2%▼ -79.4% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.18, cash €197,493 raises the probability
  • Sector Warehousing and support activities for transportation (NACE 52) raises the probability
  • Founded in 2005 lowers the probability for this profile
  • Size: 2.9 FTE, total assets €8.7m lowers the probability for this profile
Credit up to €300,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.24 in 2024; short-term debt: 36.5% and cash: 2.3% of total assets), and 58% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, micro). Better than this share of them on solvency 51%, liquidity 30%, profitability 25%, growth against the median 28%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.18, cash €197,493
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Warehousing and support activities for transportation (NACE 52)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 2005
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: 2.9 FTE, total assets €8.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
25 d late
2024
23 d early
2023
36 d early
2022
32 d early
2021
32 d early
2020
25 d early
2019
17 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 20 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Weakest financial yearnet €178,273 ▼37.9%

Key points

  • Positive: Company by total assets in Eupen, Transport and…in the Checked rankings #2 View
  • Positive: 8 profitable years in a rowprofit 2025: €230,642 8 years View
  • Controlled by EARLY BIRDS AG parent View
  • Positive: Result rose in 2025from €178,273 to €230,642 ▲ 29.4% View

By topic

Financials

Fiscal year
2025
Total assets
€8.7m
Profit
€230,642
Solvency
42.0%
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 25-08-2026Annual accounts filed
  2. 08-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Warehousing and storageNACE 52100
Founded
20-07-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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