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SkillForce

Active
Private limited companyfounded 2023active for 3 yearsBraamstraat 6, 9940 Evergem, Belgium18 active companies are registered at this addressKBO/BCE: BE 0805.013.688
Summary

The computed 12-month bankruptcy probability of SkillForce is 15.9% (high). The 2024 annual accounts show equity of €46,470 and a net result of €41,470. Its solvency ranks better than 76% of 35,975 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Financials · financial year 2024, micro format

2024 annual accounts filed late (24 days) Filed on 24 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00396064.

Equity
€46,470
Total assets
€65,946
Net result
€41,470
Working capital
€37,421

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

Balance-sheet composition
Assets €65,946
Fixed assets €9,049
Current assets €56,897
Equity and liabilities €65,946
Equity €46,470
Debt €19,476
Debt finances 29.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€56,234
Cash flow
€44,719
Current ratio
2.92
Debt to equity
0.42
ROE
89.2%
ROA
62.9%
Interest coverage
87.94
Debt ≤ 1 year
€19,476
Income taxes
€11,000

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 15.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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 · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€65,946
Fixed assets21/28€9,049
Tangible fixed assets22/27€9,049
Plant, machinery and equipment23€9,049
Current assets29/58€56,897
Amounts receivable within one year40/41€56,091
Trade receivables40€25,581
Other amounts receivable41€30,510
Cash at bank and in hand54/58€4
Deferred charges and accrued income490/1€803
Equity and liabilities
Total equity and liabilities10/49€65,946
Equity10/15€46,470
Contributions10/11€5,000
Profit (loss) carried forward14€41,470
Amounts payable17/49€19,476
Amounts payable within one year42/48€19,476
Trade debts44€5,645
Suppliers440/4€5,645
Taxes, remuneration and social security45€13,830
Taxes450/3€13,830
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,249
Other operating charges640/8€3,262
Gross operating margin9900€59,496
Operating profit (loss)9901€52,985
Financial income75/76B€124
Recurring financial income75€124
Financial charges65/66B€639
Recurring financial charges65€639
Profit (loss) for the period before taxes9903€52,470
Income taxes67/77€11,000
Profit (loss) for the period9904€41,470
Profit (loss) for the period to be appropriated9905€41,470
Appropriation of the result
Profit (loss) to be appropriated9906€41,470

The notes to these accounts (9 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€3,249
Other operating charges640/8€3,262
Gross operating margin9900€59,496
Operating profit (loss)9901€52,985
Financial income75/76B€124
Recurring financial income75€124
Financial charges65/66B€639
Recurring financial charges65€639
Profit (loss) for the period before taxes9903€52,470
Income taxes67/77€11,000
Profit (loss) for the period9904€41,470
Profit (loss) for the period to be appropriated9905€41,470
Line2024
Assets
Total assets20/58€65,946
Fixed assets21/28€9,049
Tangible fixed assets22/27€9,049
Plant, machinery and equipment23€9,049
Current assets29/58€56,897
Amounts receivable within one year40/41€56,091
Trade receivables40€25,581
Other amounts receivable41€30,510
Cash at bank and in hand54/58€4
Deferred charges and accrued income490/1€803
Equity and liabilities
Total equity and liabilities10/49€65,946
Equity10/15€46,470
Contributions10/11€5,000
Profit (loss) carried forward14€41,470
Amounts payable17/49€19,476
Amounts payable within one year42/48€19,476
Trade debts44€5,645
Suppliers440/4€5,645
Taxes, remuneration and social security45€13,830
Taxes450/3€13,830
Line2024
Profit (loss) for the period9904€41,470
+ Depreciation and write-downs630€3,249
Operating cash flow (approximation)€44,719

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 24-08-2025 2025-00396064

Similar companies · same sector, comparable size

Of the 22,637 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,450. 8,620 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €339 awarded · €339 paid
Schemes
1 entry · €339 · €339 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.