Turnover
The micro format states no turnover.
The micro format states no turnover.
Of this, €16,470 falls due within a year.
The dashed line is the sector median: 0.3% across 4,271 companies (NACE 93, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 50% of them on solvency, 55% on liquidity, 76% on profitability and 89% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,976 companies had the same profile as FULL FORCE has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FULL FORCE itself is lower: 0.3% within 12 months. It rests on far more data about FULL FORCE than the profile alone.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for FULL FORCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.66 (0.48 in 2024), below 1. Short-term debt is 53.1% and cash 23.3% of total assets. 70.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 36 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FULL FORCE Geel | €31,010 | €14,266 | 29.3% | - |
| Fit20 Eeklo Ghent | €34,183 | €15,102 | -83.8% | - |
| MAVIER Zottegem | €34,150 | €16,681 | -11.0% | - |
| ROKEJO Herentals | €34,729 | €15,590 | 46.6% | - |
| Reformed Ghent | €31,643 | €10,913 | 7.0% | - |
| Kadiseja Kruisem | €34,477 | €15,115 | -14.3% | - |
| YOUR HEALTH PROJECTS Tongeren-Borgloon | €26,917 | €18,863 | 16.9% | - |
These companies have the same main activity as FULL FORCE: fitness centres (NACE 93130). They are comparable in size and age: total assets between €26,900 and €34,700, founded between 2021 and 2023.
FULL FORCE files the micro format. That format states no turnover. The gross margin rose from €6,485 in 2023 to €14,266 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €83,000. Estimated: probably between €37,000 and €200,000.
Higher than 51% of 2,882 companies in 2025.
Higher than 36% of 2,767 companies in 2025.
Higher than 73% of 2,791 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
31,010 | 32,168 | 32,988 | |
21/28 |
20,066 | 24,241 | 29,013 | |
21 |
9,783 | 11,183 | 12,583 | |
22/27 |
10,283 | 13,058 | 16,430 | |
23 |
9,282 | 11,664 | 14,643 | |
24 |
1,001 | 1,394 | 1,787 | |
29/58 |
10,944 | 7,928 | 3,975 | |
3 |
2,688 | 1,022 | 1,022 | |
30/36 |
2,688 | 1,022 | 1,022 | |
40/41 |
439 | 1,172 | 271 | |
40 |
423 | 258 | 271 | |
41 |
16 | 914 | - | |
54/58 |
7,230 | 5,734 | 2,683 | |
490/1 |
587 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
31,010 | 32,168 | 32,988 | |
10/15 |
9,091 | 4,955 | 779 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
6,091 | 1,955 | -2,221 | |
17/49 |
21,920 | 27,214 | 32,209 | |
17 |
5,450 | 10,666 | 15,656 | |
170/4 |
5,450 | 10,666 | 15,656 | |
42/48 |
16,470 | 16,547 | 16,553 | |
42 |
5,216 | 4,990 | 4,775 | |
44 |
355 | 1,190 | 267 | |
440/4 |
355 | 1,190 | 267 | |
45 |
1,006 | 581 | 364 | |
450/3 |
1,006 | 581 | 364 | |
47/48 |
9,893 | 9,786 | 11,146 | |
| Income statement | ||||
9900 |
14,266 | 12,261 | 6,485 | |
630 |
6,320 | 5,922 | 5,417 | |
640/8 |
520 | 118 | 1,703 | |
9901 |
7,427 | 6,220 | -635 | |
75/76B |
9 | 1 | 28 | |
75 |
9 | 1 | 28 | |
65/66B |
2,206 | 1,464 | 1,614 | |
65 |
2,206 | 1,464 | 1,614 | |
9903 |
5,230 | 4,757 | -2,221 | |
67/77 |
1,094 | 581 | - | |
9904 |
4,136 | 4,175 | -2,221 | |
9905 |
4,136 | 4,175 | -2,221 | |
| Appropriation of the result | ||||
9906 |
6,091 | 1,955 | -2,221 | |
14P |
1,955 | -2,221 | - | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 13,746 | 12,143 | 4,782 | ||
| 10,456 | 10,098 | 3,196 | ||
| 2,146 | 1,150 | 34,430 | ||
| 1,496 | 3,051 | - | ||
| -5,525 | -8,620 | -12,577 | ||
| 29.3% | 15.4% | 2.4% | ||
| 0.66 | 0.48 | 0.24 | ||
| 0.50 | 0.42 | 0.18 | ||
| 2.41 | 5.49 | - | ||
| 45.5% | 84.3% | - | ||
| 13.3% | 13.0% | -6.7% | ||
| 6.23 | 8.29 | 2.96 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,146 | €1,150 | €20,430 |
| Intangible fixed assets | - | - | €14,000 |
| €6,320 | €5,922 | €5,417 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 19% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 84.6% to 70.7%. Equity is higher and debt is lower.
FULL FORCE has no parent and no holdings in its annual accounts. FULL FORCE shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 24 November 2022, FULL FORCE was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2026 the registered office moved to Geel.3 Of the 2 current board members, VAN DER VELDE Jenne has served longest, since 2022.4 Total assets went from €32,988 in 2023 to €31,010 in 2025.5
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Winkelom 87 registered office 2440 Geel | 24-11-2022 | 2.338.424.431 | Bar |
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