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Forvis Mazars Advisory Services

Active
Private limited companyfounded 201214 yrs activeBolwerklaan 21, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 0844.915.134
Summary

Forvis Mazars Advisory Services has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,932 and a net result of €7,239. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 10550 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
Forvis Mazars Advisory ServicesActiveChecked score 68/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
#3 company by staff growth in Sint-Joost-ten-Node, Professional and technical services sector5 sites
Size
€1.6mtotal assets 2025
Staff
18.2 FTE
Equity
€64,932
Profit
€7,239
Financial health
68 Healthy Checked score 2025
Bankruptcy chance 12 m
0.7%
Structure
Largest shareholder
Mazars ALTOS · 25%
Holdings
1
Accounts 25 d early0 of 15 deeds read
Why 68- Equity €64,932 (4.1% of total assets)- Size: 18.2 FTE, total assets €1.6m- 5 establishment units+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 31% of its sector peers (NACE 70, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 29-1
equity 4.1% of total assets
Liquidity 15-29
short-term debt 80.8% · cash 7.3%
Profitability 54=
return on assets 0.5%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,516 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%▲ +0.6% vs 11-2024 01-2025: 0.3%▲ +0.3% vs 12-2024 02-2025: 0.3%▲ +5.1% vs 01-2025 03-2025: 0.4%▲ +24.7% vs 02-2025 04-2025: 0.3%▼ -36.6% vs 03-2025 05-2025: 0.3%● 0.0% vs 04-2025 06-2025: 0.3%● 0.0% vs 05-2025 07-2025: 0.3%● 0.0% vs 06-2025 08-2025: 0.3%● 0.0% 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%▼ -1.8% vs 11-2025 01-2026: 0.3%▼ -0.7% vs 12-2025 02-2026: 0.3%▼ -4.9% vs 01-2026lowest value 03-2026: 0.3%▲ +10.2% vs 02-2026 04-2026: 0.7%▲ +138% vs 03-2026 05-2026: 0.7%● 0.0% vs 04-2026 06-2026: 0.7%● 0.0% vs 05-2026 07-2026: 0.7%● 0.0% vs 06-2026 08-2026: 0.7%● 0.0% vs 07-2026 09-2026: 0.7%● 0.0% vs 08-2026 10-2026: 0.7%▲ +1.9% vs 09-2026highest value
  • Equity €64,932 (4.1% of total assets) raises the probability
  • Size: 18.2 FTE, total assets €1.6m raises the probability for this profile
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • 5 establishment units raises the probability
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.15 in 2024; short-term debt: 80.8% and cash: 7.3% of total assets), and 95.9% 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 70, small). Better than this share of them on solvency 8%, liquidity 6%, profitability 42%, growth against the median 67%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Equity €64,932 (4.1% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: 18.2 FTE, total assets €1.6m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 5 establishment units
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 10550 sector peers (2025).
NBB · sector comparison
Position among 10550 sector peers
Solvency
better than 11%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 06-03-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
31 d early
2023
32 d early
2022
31 d early
2021
35 d early
2020
34 d early
2019
41 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 33 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today. Usually files around 28 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-08-2026 close05-10-2026 today31-03-2027 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 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Caution: Among the weakest 11% on solvencysector median 52.7% · 10,550 companies 4.1% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €7,239 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.6m
Profit
€7,239
Solvency
4.1%
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-03-2027
  1. 06-03-2026Annual accounts filed
  2. 28-02-2025Annual accounts filed
  3. 28-02-2024Annual accounts filed
Go to Timeline

Company details

Sites
5
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
02-04-2012
Year ends
31-08
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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