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FOURTY

Active
Private limited companyfounded 20241 yr activeVrijheidstraat 40, 2000 Antwerpen, BelgiumKBO/BCE: BE 1014.868.042
Summary

The computed 12-month bankruptcy probability of FOURTY is 2.6% (moderate). The 2024 annual accounts show negative equity (-€2,686) and a net result of -€5,686. Its solvency ranks better than 17% of 26041 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability0
Solvency5
Growth-
Track record67
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19; short-term debt: 119.8% and cash: 1.6% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-19.8%
Return on assets
-42%
Age of the figures
21 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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

On 9 October 2024, FOURTY was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€2,686
Total assets
€13,540
Net result
-€5,686
Working capital
-€13,136

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €13,540
Fixed assets €10,450
Current assets €3,090
Key figures and ratios
2024 value
EBITDA
-€5,136
Cash flow
-€5,136
Solvency
-19.8%
Current ratio
0.19
Quick ratio
0.14
Debt to equity
-6.04
ROA
-42.0%
Debt
€16,226
Debt ≤ 1 year
€16,226
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 27 lines
Balance sheet Code2024
Assets
Total assets20/58€13,540
Fixed assets21/28€10,450
Intangible fixed assets21€10,450
Current assets29/58€3,090
Stocks and contracts in progress3€819
Stocks30/36€819
Amounts receivable within one year40/41€2,059
Trade receivables40€1,411
Other amounts receivable41€647
Cash at bank and in hand54/58€212
Equity and liabilities
Total equity and liabilities10/49€13,540
Equity10/15-€2,686
Contributions10/11€3,000
Profit (loss) carried forward14-€5,686
Amounts payable17/49€16,226
Amounts payable within one year42/48€16,226
Trade debts44€696
Suppliers440/4€696
Other amounts payable47/48€15,530
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€550
Other operating charges640/8€494
Gross operating margin9900-€4,642
Operating profit (loss)9901-€5,686
Profit (loss) for the period before taxes9903-€5,686
Profit (loss) for the period9904-€5,686
Profit (loss) for the period to be appropriated9905-€5,686
Appropriation of the result
Profit (loss) to be appropriated9906-€5,686

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

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€550
Other operating charges640/8€494
Gross operating margin9900-€4,642
Operating profit (loss)9901-€5,686
Profit (loss) for the period before taxes9903-€5,686
Profit (loss) for the period9904-€5,686
Profit (loss) for the period to be appropriated9905-€5,686
Line2024
Assets
Total assets20/58€13,540
Fixed assets21/28€10,450
Intangible fixed assets21€10,450
Current assets29/58€3,090
Stocks and contracts in progress3€819
Stocks30/36€819
Amounts receivable within one year40/41€2,059
Trade receivables40€1,411
Other amounts receivable41€647
Cash at bank and in hand54/58€212
Equity and liabilities
Total equity and liabilities10/49€13,540
Equity10/15-€2,686
Contributions10/11€3,000
Profit (loss) carried forward14-€5,686
Amounts payable17/49€16,226
Amounts payable within one year42/48€16,226
Trade debts44€696
Suppliers440/4€696
Other amounts payable47/48€15,530
Line2024
Profit (loss) for the period9904-€5,686
+ Depreciation and write-downs630€550
Operating cash flow (approximation)-€5,136

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

2025
23-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
208 m²
Building footprint
126 m²
Volume, LiDAR
1,393 m³
Parcel 11811L3509/00W000, Flanders · tallest building 17.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FOURTY
Vrijheidstraat 40, 2000 AntwerpenWholesale of clothing, excluding workwear and underwear
since 20242.364.950.268
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3509/00W000 Flanders 208 m² 1 · 126 m² 17.4 m · 3 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,498 companies in sector 47716 we hold annual accounts for 2,439. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded09-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47120Other non-specialised retail sale

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