Summary
FORZA SYSTEMS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €401,650 and a net result of €15,890. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 61% of 5593 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
2 d early
2023
36 d early
2022
31 d early
2021
39 d early
2020
31 d early
2019
27 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 28 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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 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 changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 oldest company in Izegem, Finance and insurance sector
Equity
€401,650▼ 4.2%
2024 · €419,375
Net result
€15,890▲ 122%
2024 · €7,165
Total assets
€637,219▼ 4.3%
2024 · €666,112
Solvency
63.0%▲ 0.1pp
2024 · 63.0%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,408▲ 140%€35,346▲ 44.8%€2,928▼ 91.7%€14,692▲ 402%€31,141▲ 112%
Net result€16,603within the sector's middle half▲ 232%€25,019within the sector's middle half▲ 50.7%-€2,329below the sector's middle half€7,165within the sector's middle half€15,890within the sector's middle half▲ 122%
Equity€408,662within the sector's middle half▲ 4.2%€433,681within the sector's middle half▲ 6.1%€431,352within the sector's middle half▼ 0.5%€419,375within the sector's middle half▼ 2.8%€401,650within the sector's middle half▼ 4.2%
Total assets€433,088below the sector's middle half▲ 4.3%€460,225below the sector's middle half▲ 6.3%€694,954within the sector's middle half▲ 51.0%€666,112within the sector's middle half▼ 4.2%€637,219within the sector's middle half▼ 4.3%
Debt€24,426▲ 5.4%€26,544▲ 8.7%€263,602▲ 893%€246,738▼ 6.4%€235,568▼ 4.5%
Working capital€212,658within the sector's middle half▲ 8.7%€237,635within the sector's middle half▲ 11.7%€177,163within the sector's middle half▼ 25.4%€119,662within the sector's middle half▼ 32.5%€109,202within the sector's middle half▼ 8.7%
Solvency94.4%above the sector's middle half▼ 0.1pp94.2%above the sector's middle half▼ 0.1pp62.1%within the sector's middle half▼ 32.2pp63.0%within the sector's middle half▲ 0.9pp63.0%within the sector's middle half▲ 0.1pp
Current ratio9.90above the sector's middle half▲ 0.2810.02above the sector's middle half▲ 0.125.47above the sector's middle half▼ 4.554.68above the sector's middle half▼ 0.794.54above the sector's middle half▼ 0.13
Return on assets (ROA)3.8%within the sector's middle half▲ 2.6pp5.4%within the sector's middle half▲ 1.6pp-0.3%below the sector's middle half▼ 5.8pp1.1%within the sector's middle half▲ 1.4pp2.5%within the sector's middle half▲ 1.4pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 112% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €637,219
Fixed assets
€497,210 ▼ 3.2%
Current assets
€140,008 ▼ 8.0%
Equity and liabilities €637,219
Equity
€401,650 ▼ 4.2%
Debt
€235,568 ▼ 4.5%
Debt's share of the balance-sheet total falls from 37.0% to 37.0%. Equity and debt are lower.
Key figures and ratios
ROE
4.0%▲
2024 · 1.7%
Debt ≤ 1 year
€30,806▼
2024 · €32,541
Debt > 1 year
€204,658▼
2024 · €214,124
Income taxes
€6,207▲
2024 · €642
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16,531 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €300 | €300 | €300 | €16,360 | €18,621 | ▲ 13.8% |
| Other operating charges640/8 | - | €890 | €27,722 | €5,716 | €1,865 | ▼ 67.4% |
| Gross operating margin9900 | €25,534 | €36,536 | €30,950 | €36,769 | €51,628 | ▲ 40.4% |
| Operating profit (loss)9901 | €24,408 | €35,346 | €2,928 | €14,692 | €31,141 | ▲ 112% |
| Financial income75/76B | - | €1,619 | €2,010 | €2,525 | €775 | ▼ 69.3% |
| Recurring financial income75 | €2,470 | €1,619 | €2,010 | €2,525 | €775 | ▼ 69.3% |
| Financial charges65/66B | - | €868 | €7,419 | €9,410 | €9,820 | ▲ 4.3% |
| Recurring financial charges65 | €660 | €868 | €7,419 | €9,410 | €9,820 | ▲ 4.3% |
| Profit (loss) for the period before taxes9903 | €26,217 | €36,097 | -€2,481 | €7,807 | €22,097 | ▲ 183% |
| Income taxes67/77 | €9,614 | €11,078 | -€152 | €642 | €6,207 | ▲ 867% |
| Profit (loss) for the period9904 | €16,603 | €25,019 | -€2,329 | €7,165 | €15,890 | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €16,603 | €25,019 | -€2,329 | €7,165 | €15,890 | ▲ 122% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €433,088 | €460,225 | €694,954 | €666,112 | €637,219 | ▼ 4.3% |
| Fixed assets21/28 | €196,531 | €196,231 | €478,136 | €513,909 | €497,210 | ▼ 3.2% |
| Tangible fixed assets22/27 | €1,201 | €901 | €282,681 | €318,579 | €301,880 | ▼ 5.2% |
| Land and buildings22 | - | - | €282,080 | €294,573 | €279,113 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €901 | €601 | €24,006 | €21,191 | ▼ 11.7% |
| Furniture and vehicles24 | - | - | - | - | €1,576 | - |
| Financial fixed assets28 | €195,330 | €195,330 | €195,455 | €195,330 | €195,330 | = |
| Current assets29/58 | €236,556 | €263,994 | €216,819 | €152,203 | €140,008 | ▼ 8.0% |
| Stocks and contracts in progress3 | €1,158 | €352 | €293 | €0 | €217 | - |
| Stocks30/36 | - | €352 | €293 | €0 | €217 | - |
| Amounts receivable within one year40/41 | €33,343 | €64,824 | €36,880 | €57,444 | €14,019 | ▼ 75.6% |
| Trade receivables40 | - | €38,050 | €9,539 | €46,434 | €12,260 | ▼ 73.6% |
| Other amounts receivable41 | - | €26,774 | €27,341 | €11,010 | €1,760 | ▼ 84.0% |
| Cash at bank and in hand54/58 | €201,053 | €198,072 | €178,590 | €81,868 | €124,500 | ▲ 52.1% |
| Deferred charges and accrued income490/1 | - | €746 | €1,055 | €12,891 | €1,272 | ▼ 90.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €433,088 | €460,225 | €694,954 | €666,112 | €637,219 | ▼ 4.3% |
| Equity10/15 | €408,662 | €433,681 | €431,352 | €419,375 | €401,650 | ▼ 4.2% |
| Contributions10/11 | - | €268,660 | €268,660 | €268,660 | €268,660 | = |
| Reserves13 | €139,924 | €164,943 | €164,943 | €150,715 | €132,990 | ▼ 11.8% |
| Non-distributable reserves130/1 | - | €8,066 | €8,066 | €0 | - | - |
| Reserves not available under the articles1311 | - | €8,066 | €8,066 | €0 | - | - |
| Distributable reserves133 | - | €156,878 | €156,878 | €150,715 | €132,990 | ▼ 11.8% |
| Profit (loss) carried forward14 | €78 | €78 | -€2,251 | €0 | €0 | - |
| Amounts payable17/49 | €24,426 | €26,544 | €263,602 | €246,738 | €235,568 | ▼ 4.5% |
| Amounts payable after more than one year17 | - | - | €223,280 | €214,124 | €204,658 | ▼ 4.4% |
| Financial debts170/4 | - | - | €223,280 | €214,124 | €204,658 | ▼ 4.4% |
| Amounts payable within one year42/48 | €23,898 | €26,359 | €39,656 | €32,541 | €30,806 | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | - | €10,000 | €9,581 | €9,905 | €10,240 | ▲ 3.4% |
| Financial debts43 | - | - | - | - | €182 | - |
| Credit institutions430/8 | - | - | - | - | €182 | - |
| Trade debts44 | €11,847 | €9,740 | €25,965 | €16,803 | €3,628 | ▼ 78.4% |
| Suppliers440/4 | - | €9,740 | €25,965 | €16,803 | €3,628 | ▼ 78.4% |
| Advances received on contracts in progress46 | - | - | €103 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €6,618 | €4,006 | €5,833 | €16,756 | ▲ 187% |
| Taxes450/3 | - | €4,235 | €1,563 | €3,431 | €14,330 | ▲ 318% |
| Remuneration and social security454/9 | - | €2,383 | €2,444 | €2,403 | €2,426 | ▲ 1.0% |
| Accrued charges and deferred income492/3 | - | €185 | €667 | €73 | €104 | ▲ 43.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,603 | €25,019 | -€2,329 | €7,165 | €15,890 | ▲ 122% |
| + Depreciation and write-downs630 | €300 | €300 | €300 | €16,360 | €18,621 | ▲ 13.8% |
| Operating cash flow (approximation) | €16,903 | €25,320 | -€2,028 | €23,526 | €34,511 | ▲ 46.7% |
| Investment in fixed assets (approximation) | - | €0 | -€282,205 | -€52,133 | -€1,922 | ▲ 96.3% |
| Change in cash | - | -€2,982 | -€19,482 | -€96,722 | €42,632 | ▲ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €7,165
Net result €7,165 after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet -€2,329
Net result drops to -€2,329, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €33,614 ▲448%
Operating result €48,659, net result €33,614, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1984
Ground area
386 m²
Building footprint
105 m²
Volume, LiDAR
703 m³
Parcel 36493B0509/00C005, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FORZA SYSTEMS
since 19842.023.812.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0509/00C005 | Flanders | 386 m² | 1 · 105 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
99%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
According to the annual accounts to 30-09-2025 of FORZA SYSTEMS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
GABIDAZ
BE 0716.966.887
Aalst · Eq €401,855
AC 88 INVEST
BE 0782.367.059
Bree · Eq €401,892
MA.FI.JA.
BE 1013.150.548
Merelbeke-Melle · Eq €401,378
Lemons
BE 0759.373.012
Essen · Eq €401,369
MANAGEMENT CONSULTANCY OFFICE
BE 0444.249.904
Tielt · Eq €401,357
Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 13,756 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-12-1983
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425104577
Also
9925:BE0425104577
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.