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FourOne

Active
Public limited companyfounded 199333 yrs activeGermeer 17, 2491 Balen, BelgiumKBO/BCE: BE 0450.065.449

The file of FourOne contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 0.3% (very low). The 2025 annual accounts show equity of €87,041 and a net result of -€8,282. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 278 sector peers (fiscal year 2025).

Checked score

Score 2025
Axes · tick = 2024
Profitability8▼-42
Solvency100=
Growth52▼-26
Track record85
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 11.75 against 3.51 in 2024; short-term debt: 6.3% and cash: 72.2% of total assets), and 6.3% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 d early
2024
56 d early
2023
68 d late
2022
26 d early
2021
61 d late
2020
102 d late
2019
68 d late
← 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 24 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 5 July (4 of the last 5 filed years within 87 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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

History

FourOne was incorporated on 7 May 1993.1 Total assets fell from EUR 224,390 in 2018 to EUR 92,939 in 2025 and headcount from 3.1 full-time equivalents in 2018 to 0.8 in 2021.2 On 10 March 2022 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2025
  3. 3Belgian State Gazette, 16-03-2022

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Financials · fiscal year 2025, abbreviated schema

Equity
€87,041▼ 8.7%
2024 · €95,323
Total assets
€92,939▼ 25.0%
2024 · €123,911
Net result
-€8,282
2024 · €69,982
Working capital
€63,385▼ 11.6%
2024 · €71,667
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€405,051-€129,065-€20,374▲ 84.2%-€16,850▲ 17.3%-€8,247▲ 51.1%
Net result€300,944above the sector's middle half-€133,106below the sector's middle half-€20,571below the sector's middle half▲ 84.5%€69,982above the sector's middle half-€8,282below the sector's middle half
Equity€253,701above the sector's middle half€120,596within the sector's middle half▼ 52.5%€25,341within the sector's middle half▼ 79.0%€95,323within the sector's middle half▲ 276%€87,041below the sector's middle half▼ 8.7%
Total assets€542,987above the sector's middle half▲ 501%€236,438within the sector's middle half▼ 56.5%€142,718within the sector's middle half▼ 39.6%€123,911within the sector's middle half▼ 13.2%€92,939below the sector's middle half▼ 25.0%
Debt€189,015▲ 37.4%€15,573▼ 91.8%€17,107▲ 9.8%€28,588▲ 67.1%€5,898▼ 79.4%
Working capital€328,237above the sector's middle half€195,844above the sector's middle half▼ 40.3%€101,452above the sector's middle half▼ 48.2%€71,667within the sector's middle half▼ 29.4%€63,385within the sector's middle half▼ 11.6%
Solvency46.7%within the sector's middle half▲ 99.0pp51.0%within the sector's middle half▲ 4.3pp17.8%within the sector's middle half▼ 33.2pp76.9%above the sector's middle half▲ 59.2pp93.7%above the sector's middle half▲ 16.7pp
Current ratio2.74within the sector's middle half▲ 2.2513.58above the sector's middle half▲ 10.846.93above the sector's middle half▼ 6.653.51above the sector's middle half▼ 3.4211.75above the sector's middle half▲ 8.24
Return on assets (ROA)55.4%above the sector's middle half▲ 105.6pp-56.3%below the sector's middle half▼ 111.7pp-14.4%below the sector's middle half▲ 41.9pp56.5%above the sector's middle half▲ 70.9pp-8.9%below the sector's middle half▼ 65.4pp
Staff (FTE)0.8▼ 20.0%0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: €405,051€405,051Net result 2021: €300,944€300,944Operating result 2022: -€129,065-€129,065Net result 2022: -€133,106-€133,106Operating result 2023: -€20,374-€20,374Net result 2023: -€20,571-€20,571Operating result 2024: -€16,850-€16,850Net result 2024: €69,982€69,982Operating result 2025: -€8,247-€8,247Net result 2025: -€8,282-€8,28220212022202320242025-€25,000€0€25,000€50,000€75,000Operating result 2023: -€20,374-€20,400Net result 2023: -€20,571-€20,600Operating result 2024: -€16,850-€16,900Net result 2024: €69,982€70,000Operating result 2025: -€8,247-€8,250Net result 2025: -€8,282-€8,280202320242025
The operating result stays negative: a loss of €8,247 in 2025 against €16,850 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,939
Fixed assets €23,656 =
Current assets €69,283 ▼ 30.9%
Equity and liabilities €92,939
Equity €87,041 ▼ 8.7%
Debt €5,898 ▼ 79.4%
Debt's share of the balance-sheet total falls from 23.1% to 6.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€8,247▲
2024 · -€16,348
Cash flow
-€8,282▼
2024 · €70,485
Debt to equity
0.07▼
2024 · 0.30
ROE
-9.5%▼
2024 · 73.4%
Interest coverage
-235.63▼
2024 · -210.94
Debt ≤ 1 year
€5,898▼
2024 · €28,588
Income taxes
€0▼
2024 · €13,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet Code20242025
Assets
Total assets20/58€123,911€92,939▼
Fixed assets21/28€23,656€23,656=
Tangible fixed assets22/27€23,656€23,656=
Land and buildings22€23,656€23,656=
Furniture and vehicles24€0-
Current assets29/58€100,255€69,283▼
Amounts receivable within one year40/41€1,927€1,278▼
Trade receivables40€171€0▼
Other amounts receivable41€1,756€1,278▼
Cash at bank and in hand54/58€98,327€67,116▼
Deferred charges and accrued income490/1-€889
Equity and liabilities
Total equity and liabilities10/49€123,911€92,939▼
Equity10/15€95,323€87,041▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€33,823€25,541▼
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Tax-exempt reserves132€0-
Distributable reserves133€27,673€19,391▼
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€28,588€5,898▼
Amounts payable within one year42/48€28,588€5,898▼
Trade debts44€0€5,898▲
Suppliers440/4€0€5,898▲
Taxes, remuneration and social security45€13,730€0▼
Taxes450/3€13,730€0▼
Other amounts payable47/48€14,858€0▼
Income statement Code20242025
Non-recurring operating income76A-€21,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€502€0▼
Other operating charges640/8€6,048€6,278▲
Gross operating margin9900-€10,300-€1,969▲
Operating profit (loss)9901-€16,850-€8,247▲
Financial income75/76B€370€0▼
Recurring financial income75€370€0▼
Financial charges65/66B€78€35▼
Recurring financial charges65€78€35▼
Profit (loss) for the period before taxes9903-€16,558-€8,282▲
Transfer from deferred taxes780€100,270€0▼
Income taxes67/77€13,730€0▼
Profit (loss) for the period9904€69,982-€8,282▼
Transfer from tax-exempt reserves789€300,810€0▼
Profit (loss) for the period to be appropriated9905€370,792-€8,282▼
Appropriation of the result
Profit (loss) to be appropriated9906€6,966-€8,282▼
Profit (loss) brought forward from the previous period14P-€363,827€0▲
Transfer from equity791/2€0€8,282▲
Transfer to equity691/2€6,966€0▼
To other reserves6921€6,966€0▼
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€21,000-
Remuneration, social security and pensions62€41,842-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€211€714€714€502€0▼ 100%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11,316€0---
Other operating charges640/8€11,605€6,170€6,635€6,048€6,278▲ 3.8%
Non-recurring operating charges66A€2,095€5,851€0---
Gross operating margin9900€460,804-€105,014-€13,026-€10,300-€1,969▲ 80.9%
Operating profit (loss)9901€405,051-€129,065-€20,374-€16,850-€8,247▲ 51.1%
Financial income75/76B---€370€0▼ 100.0%
Recurring financial income75---€370€0▼ 100.0%
Financial charges65/66B€3,510€3,691€0€78€35▼ 54.8%
Recurring financial charges65€3,510€3,691€0€78€35▼ 54.8%
Profit (loss) for the period before taxes9903€401,542-€132,756-€20,374-€16,558-€8,282▲ 50.0%
Transfer from deferred taxes780---€100,270€0▼ 100%
Transfer to deferred taxes680€100,270-----
Income taxes67/77€327€350€197€13,730€0▼ 100%
Profit (loss) for the period9904€300,944-€133,106-€20,571€69,982-€8,282▼ 112%
Transfer from tax-exempt reserves789---€300,810€0▼ 100%
Transfer to tax-exempt reserves689€300,810-----
Profit (loss) for the period to be appropriated9905€134-€133,106-€20,571€370,792-€8,282▼ 102%
Line20212022202320242025Change
Assets
Total assets20/58€542,987€236,438€142,718€123,911€92,939▼ 25.0%
Fixed assets21/28€25,735€25,021€24,159€23,656€23,656=
Tangible fixed assets22/27€25,586€24,872€24,159€23,656€23,656=
Land and buildings22€23,656€23,656€23,656€23,656€23,656=
Furniture and vehicles24€1,930€1,216€502€0--
Financial fixed assets28€149€149€0---
Current assets29/58€517,252€211,417€118,559€100,255€69,283▼ 30.9%
Amounts receivable within one year40/41€517,055€14,102€467€1,927€1,278▼ 33.7%
Trade receivables40€22,553€2,310€0€171€0▼ 100%
Other amounts receivable41€494,503€11,792€467€1,756€1,278▼ 27.3%
Cash at bank and in hand54/58-€197,316€118,091€98,327€67,116▼ 31.7%
Deferred charges and accrued income490/1€196---€889-
Equity and liabilities
Total equity and liabilities10/49€542,987€236,438€142,718€123,911€92,939▼ 25.0%
Equity10/15€253,701€120,596€25,341€95,323€87,041▼ 8.7%
Contributions10/11€136,184€136,184€61,500€61,500€61,500=
Capital10€136,184€136,184€61,500€61,500€61,500=
Issued capital100€136,184€136,184€61,500€61,500€61,500=
Reserves13€327,668€327,668€327,668€33,823€25,541▼ 24.5%
Non-distributable reserves130/1€7,973€7,973€6,150€6,150€6,150=
Legal reserve130€7,973€7,973€6,150€6,150€6,150=
Tax-exempt reserves132€300,810€300,810€300,810€0--
Distributable reserves133€18,884€18,884€20,708€27,673€19,391▼ 29.9%
Profit (loss) carried forward14-€210,151-€343,256-€363,827€0--
Provisions and deferred taxes16€100,270€100,270€100,270€0--
Deferred taxes168€100,270€100,270€100,270€0--
Amounts payable17/49€189,015€15,573€17,107€28,588€5,898▼ 79.4%
Amounts payable within one year42/48€189,015€15,573€17,107€28,588€5,898▼ 79.4%
Financial debts43€28,003-----
Credit institutions430/8€28,003-----
Trade debts44€111,277€1,410€449€0€5,898-
Suppliers440/4€111,277€1,410€449€0€5,898-
Taxes, remuneration and social security45€44,512€350€197€13,730€0▼ 100%
Taxes450/3€637€350€197€13,730€0▼ 100%
Remuneration and social security454/9€43,875-----
Other amounts payable47/48€5,223€13,813€16,461€14,858€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904€300,944-€133,106-€20,571€69,982-€8,282▼ 112%
+ Depreciation and write-downs630€211€714€714€502€0▼ 100%
Operating cash flow (approximation)€301,156-€132,392-€19,857€70,485-€8,282▼ 112%
Investment in fixed assets (approximation)-€0€149€0€0-
Change in cash---€79,224-€19,764-€31,211▼ 57.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Liquidity triplescurrent ratio 11.75
Current ratio from 3.51 to 11.75; short-term debt falls from €28,588 to €5,898.
05-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €69,982
Net result €69,982 after 2 loss-making years.
07-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
05-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€133,106
Net result drops to -€133,106, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 5current ratio 13.58
Current ratio from 2.74 to 13.58; short-term debt falls from €189,015 to €15,573.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
29-04
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 21-04-2022
16-03
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 10-03-2022
2021
31-12
Financial Back to profitnet €300,944
Net result €300,944 after 2 loss-making years.
Show earlier events
31-12
Financial Liquidity times 6current ratio 2.74
Current ratio from 0.48 to 2.74.
31-12
Financial Equity above €200,000Eq €253,701
Equity rises from -€47,243 to €253,701.
10-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
07-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
07-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 434 days late
2019
19-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 323 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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, Balen · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
1,139 m²
Volume, LiDAR
1,061 m³
2 parcels, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
INTERIEURINRICHTING
Lodewijk De Raetstraat 40, 3920 LommelWater collection, treatment and supply
since 19932.062.381.435
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13030B0798/00C000 Flanders 9,942 m² 1 · 211 m² 8.1 m · 1 fl.
72020C1399/00V006 Flanders 2,964 m² 1 · 928 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator THEO MACOURS
EERSELS 56, 3980 TESSENDERLO-
10-03-2022 → 21-04-2022

Similar companies · same sector, comparable size

Of 1,599 companies in sector 16230 we hold annual accounts for 784. 616 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded07-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
43333Wallpapering and laying of floor and wall coverings in other materials
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450065449
Also 9925:BE0450065449
Registered 10-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.