LUXFORGE BELGIUM
ActiveLUXFORGE BELGIUM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €104. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 27268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
78
/ 100
Excellent▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-97
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 9.23 against 5.98 in 2024), and 10.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.2%
Return on assets
0.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
2 d early
2023
1 d early
2022
31 d late
2021
31 d late
2020
27 d late
2019
48 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€104▼ 98.4%
2024 · €6k
2018: €49
2019: €-4k
2020: €-6k
2021: €-7k
2022: €-5k
2023: €2k
2024: €6k
2018 → 2025
Working capital
€16k▲ 0.7%
2024 · €16k
2018: €5k
2019: €8k
2020: €8k
2021: €7k
2022: €8k
2023: €9k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€8k▼ 38.8%€9k▲ 21.9%€16k▲ 69.4%€16k▲ 0.7%
Operating result€-7k-€-5k▲ 29.4%€2k€7k▲ 274%€185▼ 97.2%
Net result€-7k-€-5k▲ 29.7%€2k€6k▲ 286%€104▼ 98.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18k
Equity
€16k▲ 0.7%
Debt
€2k▼ 39.1%
The debt ratio falls from 16.7% to 10.8%: equity grows while debt is paid down.
Key figures and ratios
Solvency
89.2%▲
2024 · 83.3%
Current ratio
9.23▲
2024 · 5.98
Quick ratio
9.23▲
2024 · 5.98
Debt / equity
0.12▼
2024 · 0.20
ROE
0.7%▼
2024 · 41.0%
ROA
0.6%▼
2024 · 34.1%
Debt
€2k▼
2024 · €3k
Debt ≤ 1 year
€2k▼
2024 · €3k
Staff costs
€887▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€19k€18k▼
Current assets29/58€19k€18k▼
Amounts receivable within one year40/41€18k€16k▼
Trade receivables40€18k€16k▼
Other amounts receivable41€300-
Cash at bank and in hand54/58€918€2k▲
Deferred charges and accrued income490/1€120€124▲
Equity and liabilities
Total equity and liabilities10/49€19k€18k▼
Equity10/15€16k€16k▲
Contributions10/11€25k€25k=
Reserves13€4k€4k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-13k€-13k▲
Amounts payable17/49€3k€2k▼
Amounts payable within one year42/48€3k€2k▼
Trade debts44€69€181▲
Suppliers440/4€69€181▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3-€579
Remuneration and social security454/9€3k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€16k€887▼
Other operating charges640/8€387€400▲
Gross operating margin9900€23k€1k▼
Operating profit (loss)9901€7k€185▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€81€88▲
Recurring financial charges65€81€88▲
Profit (loss) for the period before taxes9903€6k€104▼
Profit (loss) for the period9904€6k€104▼
Profit (loss) for the period to be appropriated9905€6k€104▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-13k▲
Profit (loss) brought forward from the previous period14P€-19k€-13k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2018net €6k ▲286%
Operating result €7k, net result €6k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 27 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
2019
31-12
Financial
Liquidity times 10current ratio 19.82
Current ratio from 2.04 to 19.82; short-term debt falls from €4k to €424.
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 24 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Burg-Reuland · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Im Born, Oudler 84790 Burg-Reuland1 establishment unit
Im Born, Oudler 8, 4790 Burg-Reuland
since 20012.100.226.578
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ARD
BE 0773.383.770
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Ronan Quinn
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Of 979 companies in sector 25401 we hold annual accounts for 405. 206 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-01-2001
Fiscal year end31-12
Activities, NACEBEL
25401Forging of metal
43320Joinery installation
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filings
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.