Equity
Forvis Mazars Bedrijfsrevisoren has made a profit in every financial year since 2008.
Forvis Mazars Bedrijfsrevisoren has made a profit in every financial year since 2008.
Of this, €5.6m falls due within a year.
In 2025, 80 people joined and 81 left.
The last five annual accounts were filed 25 to 32 days before the end of the period.
Directors left. Latest change 30-06-2026 · 12 in office.
The dashed line is the sector median: 0.1% across 94 companies (NACE 69, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 69, medium-sized). It does better than 8% of them on solvency, 45% on liquidity, 43% on profitability and 50% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-08-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 208 companies had the same profile as Forvis Mazars Bedrijfsrevisoren has now. Each dot is one company, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Forvis Mazars Bedrijfsrevisoren itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 208 companies, not a prediction for Forvis Mazars Bedrijfsrevisoren. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.69 (1.65 in 2024), above the usual 1.5. Short-term debt is 52.2% and cash 17.2% of total assets. However, 98% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Forvis Mazars Bedrijfsrevisoren Saint-Josse-ten-Noode | €25.5m | 1.8% | 2.0% | 150.4 |
| GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES Antwerp | €17.4m | 4.1% | 9.9% | 98.3 |
| RSM INTERAUDIT Zaventem | €17.5m | 2.0% | 22.9% | 87.3 |
| Callens, Vandelanotte & Theunissen Antwerp | €13.9m | 12.2% | 68.6% | 43.7 |
| Moore Audit Brussels | €26.3m | 16.2% | 54.5% | 98.8 |
| CALLENS VANDELANOTTE Kortrijk | €14.2m | 11.9% | 29.0% | 63.7 |
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES Zaventem | €47.6m | 0.6% | 4.7% | 186.5 |
Grey: the largest companies of the sector (legal and accounting (NACE 69)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Forvis Mazars Bedrijfsrevisoren: activities of company auditors (NACE 69203). They are comparable in size and age: total assets between €5.5m and €37m, founded between 1985 and 1994.
Forvis Mazars Bedrijfsrevisoren has existed since 1986. Turnover grew from €7.9m in 2011 to €25.5m in 2025 and staff from 50.9 to 150.4 full-time equivalents.
Turnover has grown every year since 2016.
In 2026, three directors stepped down. In March 2025, the Official Gazette published the appointment of BE US AUDIT & CONSULTING as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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