MANAGEMENT FORCE 4
ActiveSummary
MANAGEMENT FORCE 4 has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €15k. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 21% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+41
Solvency37▲+8
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.54 in 2024; short-term debt: 70.5% and cash: 10.8% of total assets), and 88.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
11.7%
Return on assets
8.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7780 sector peers (2025).
NBB · sector comparisonPosition among 7780 sector peers
Solvency
better than 21%
← weakest
strongest →
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 · 3 filingsDeviation from the deadline
2025
25 d late
2024
1 d early
2023
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 222%
2024 · €7k
Total assets
€183k▼ 2.4%
2024 · €188k
Net result
€15k
2024 · €-6k
Working capital
€-45k▲ 25.9%
2024 · €-61k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€6k-€1k▼ 74.0%€27k▲ 1,721%
Net result€3k-€-6k€15k
Equity€13k-€7k▼ 47.8%€21k▲ 222%
Total assets€187k-€188k▲ 0.4%€183k▼ 2.4%
Debt€175k-€181k▲ 3.9%€162k▼ 10.7%
Working capital€-56k-€-61k▼ 9.8%€-45k▲ 25.9%
Staff (FTE)0.5-1.1▲ 120%1▼ 9.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,721% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€99k ▼ 12.4%
Current assets
€84k ▲ 15.8%
Equity and liabilities €183k
Equity
€21k ▲ 222%
Debt
€162k ▼ 10.7%
Debt's share of the balance-sheet total falls from 96.5% to 88.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €18k
Cash flow
€31k▲
2024 · €10k
Current ratio
0.65▲
2024 · 0.54
Debt to equity
7.56▼
2024 · 27.25
ROE
69.0%▲
2024 · -91.7%
ROA
8.1%▲
2024 · -3.2%
Interest coverage
5.64▲
2024 · 2.41
Debt ≤ 1 year
€129k▼
2024 · €134k
Debt > 1 year
€32k▼
2024 · €47k
Income taxes
€4k▲
2024 · €310
Staff costs
€45k▲
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15k | €45k | €45k | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €16k | €16k | = |
| Other operating charges640/8 | €858 | €4k | €957 | ▼ 74.0% |
| Gross operating margin9900 | €36k | €66k | €89k | ▲ 34.2% |
| Operating profit (loss)9901 | €6k | €1k | €27k | ▲ 1,721% |
| Financial income75/76B | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | - | - |
| Financial charges65/66B | €2k | €7k | €8k | ▲ 4.6% |
| Recurring financial charges65 | €2k | €7k | €8k | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €4k | €-6k | €19k | ▲ 432% |
| Income taxes67/77 | €1k | €310 | €4k | ▲ 1,325% |
| Profit (loss) for the period9904 | €3k | €-6k | €15k | ▲ 342% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-6k | €15k | ▲ 342% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €187k | €188k | €183k | ▼ 2.4% |
| Formation expenses20 | €4k | €2k | €224 | ▼ 90.2% |
| Fixed assets21/28 | €127k | €113k | €99k | ▼ 12.4% |
| Intangible fixed assets21 | €127k | €113k | €99k | ▼ 12.4% |
| Current assets29/58 | €56k | €73k | €84k | ▲ 15.8% |
| Amounts receivable within one year40/41 | €50k | €68k | €61k | ▼ 9.0% |
| Trade receivables40 | €50k | €68k | €61k | ▼ 9.0% |
| Other amounts receivable41 | €1 | €3 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3k | €2k | €20k | ▲ 805% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | ▼ 4.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €187k | €188k | €183k | ▼ 2.4% |
| Equity10/15 | €13k | €7k | €21k | ▲ 222% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €3k | €-3k | €11k | ▲ 442% |
| Amounts payable17/49 | €175k | €181k | €162k | ▼ 10.7% |
| Amounts payable after more than one year17 | €62k | €47k | €32k | ▼ 31.5% |
| Financial debts170/4 | €62k | €47k | €32k | ▼ 31.5% |
| Amounts payable within one year42/48 | €112k | €134k | €129k | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | €12k | €14k | €15k | ▲ 5.6% |
| Trade debts44 | €10k | €20k | €14k | ▼ 26.0% |
| Suppliers440/4 | €10k | €20k | €14k | ▼ 26.0% |
| Taxes, remuneration and social security45 | €10k | €22k | €22k | ▼ 0.9% |
| Taxes450/3 | €4k | €13k | €13k | ▼ 2.1% |
| Remuneration and social security454/9 | €6k | €9k | €9k | ▲ 0.9% |
| Other amounts payable47/48 | €79k | €78k | €78k | ▲ 0.1% |
| Accrued charges and deferred income492/3 | €2k | €281 | €217 | ▼ 23.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-6k | €15k | ▲ 342% |
| + Depreciation and write-downs630 | €15k | €16k | €16k | = |
| Operating cash flow (approximation) | €17k | €10k | €31k | ▲ 210% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | = |
| Change in cash | - | €-460 | €18k | ▲ 3,939% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Namur · 1 establishment unit since 2023
Ground area
1,106 m²
Building footprint
142 m²
Volume, LiDAR
767 m³
Parcel 92017A0222/00P000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cabinet Pardons
since 20232.341.941.472
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92017A0222/00P000 | Wallonia | 1,106 m² | 1 · 142 m² | 7.2 m · 2 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,911 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
Scores and ratios are computed by Checked and are not a credit decision.