Checked.be
Active
BE 0807.089.686Private limited company
FOURGON
Brugsebaan 6 ·8810 Lichtervelde, Belgium· 17 yrs active
Sector: Retail sale of cars and light vans (up to 3.5 tonnes)
(47811)
Conclusion
FOURGON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €549k and a net result of €53k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 95% of 9900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €549k |
| Net result | €53k |
| Better than sector | 95% |
| Active | 17 yrs |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
48
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€45k
estimate, not credit advice
Score history
93
2022
93
2023
90
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 43.82 (≥ 1.5)
+10
Quick ratio
Quick ratio 37.33 (≥ 1.0)
+5
Leverage
Debt/equity 0.02 (< 1.0)
+10
Profitability
ROE 10%
+3
Interest coverage
Interest coverage 576.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±1.2%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 97.7% | 37.6% | |
| Net result | €53k | €31k | |
| Equity | €549k | €261k | |
| Gross operating margin | €75k | €227k | |
| Employees (FTE) | 0.0 | 3.3 |
€85k
-10.0%
22-25
€53k
-10.2%
22-25
€60k
-8.6%
22-25
€562k
+5.3%
22-25
€549k
+10.6%
22-25
€542k
+9.1%
22-25
0
-
22-25
€0
-100.0%
22-25
€25k
-10.1%
22-25
€0
-100.0%
22-25
€13k
-45.6%
22-25
€13k
-43.2%
22-25
43.82
+88.0%
22-25
37.33
+151.4%
22-25
97.7%
+5.1%
22-25
0.02
-50.8%
22-25
9.6%
-18.9%
22-25
9.4%
-14.7%
22-25
576.71
+585.5%
22-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | -10.0% | -17.9% | -12.7% | - |
| Net profit | -10.2% | -17.5% | -15.1% | - |
| Cash flow | -8.6% | -18.5% | -10.9% | - |
| Staff costs | - | -100.0% | -55.0% | - |
| Income taxes | -10.1% | -18.4% | -14.5% | - |
| Dividends | -100.0% | - | - | - |
| Total assets | +5.3% | -20.3% | +14.5% | - |
| Equity | +10.6% | -17.9% | +13.3% | - |
| Debt | -45.6% | -64.1% | +26.3% | - |
| of which ≤ 1y | -43.2% | -65.4% | +30.2% | - |
| of which > 1y | - | - | - | - |
| Working capital | +9.1% | -15.5% | +13.4% | - |
| Employees (FTE) | - | -100.0% | -70.0% | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 43.82 | 23.31 | 10.15 | 11.50 |
| Quick ratio | 37.33 | 14.85 | 6.95 | 11.03 |
| Working capital ratio | 96.6% | 93.2% | 87.9% | 88.8% |
| Solvency | 97.7% | 93.0% | 90.3% | 91.2% |
| Debt / equity | 0.02 | 0.05 | 0.11 | 0.10 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 576.71 | 84.14 | 182.48 | 60.65 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 9.4% | 11.0% | 10.6% | 14.3% |
| ROE | 9.6% | 11.8% | 11.8% | 15.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €562k | €533k | €669k | €585k |
| Fixed assets | 21/28 | €6k | €14k | €17k | €16k |
| Tangible fixed assets | 22/27 | €6k | €14k | €16k | €16k |
| Financial fixed assets | 28 | €135 | €135 | €135 | €135 |
| Current assets | 29/58 | €555k | €520k | €653k | €568k |
| Stocks & contracts in progress | 3 | €82k | €189k | €205k | €23k |
| Amounts receivable within one year | 40/41 | €23k | €28k | €103k | €61k |
| Cash & bank | 54/58 | €450k | €303k | €344k | €484k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €562k | €533k | €669k | €585k |
| Equity | 10/15 | €549k | €496k | €605k | €533k |
| Contributions / capital | 10/11 | €100k | €100k | €225k | €225k |
| Reserves | 13 | €449k | €396k | €380k | €308k |
| Accumulated profits (losses) | 14 | €0 | €0 | - | - |
| Provisions & deferred taxes | 16 | €0 | €14k | - | - |
| Amounts payable | 17/49 | €13k | €23k | €65k | €51k |
| Amounts payable within one year | 42/48 | €13k | €22k | €64k | €49k |
| Trade debts payable within one year | 44 | €3k | €7k | €22k | €15k |
| Income statement | |||||
| Gross operating margin | 9900 | €75k | €110k | €132k | €167k |
| Operating result | 9901 | €78k | €87k | €106k | €125k |
| Financial income | 75 | €3 | €0 | €4 | €396 |
| Financial charges | 65 | €148 | €1k | €632 | €2k |
| Result before taxes | 9903 | €78k | €86k | €105k | €123k |
| Income taxes | 67/77 | €25k | €28k | €34k | €40k |
| Net result for the period | 9904 | €53k | €59k | €71k | €84k |
| Result to be appropriated | 9905 | €53k | €59k | €71k | €84k |
Legal Structure
| NACE primary | Retail sale of cars and light vans (up to 3.5 tonnes)(47811) |
| Legal form | Private limited company(610) |
| Incorporation | 13-10-2008 |
| Status | Active |
| Postal code | 8810 |
Establishment units
FOURGON
since 20082.173.900.454
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E0613/00M000 | Flanders | 8,093 m² | 1 · 502 m² | 6.6 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €53k ▼10.2%
Net result drops to €53k, the lowest in the series.
30-09
Financial
Equity above €500kEq €549k ▲10.6%
4 profitable years in a row build equity to €549k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity doublescurrent ratio 23.31
Current ratio from 10.15 to 23.31; short-term debt falls from €64k to €22k.
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Retail sale of cars and light vans (up to 3.5 tonnes)47811Wholesale of cars and light vans (up to 3.5 tonnes)46711Repair and fitting of specific motor vehicle parts95313
Names & trade names
| Legal nameNL | FOURGON |
Similar companies
Vandecasteele Roeselare
BE 0412.055.604 · Roeselare
SEMINERIO - ZANETTE
BE 0439.619.737 · Courcelles
MEGABEL
BE 0453.890.813 · Grâce-Hollogne
Garage Vanhee
BE 0446.086.766 · Knokke-Heist
GARAGE JOHAN
BE 0442.920.509 · Deinze