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The Forward Group

Active
Private limited companyfounded 20205 yrs activeNarcisbloemenlaan 10, 1180 Ukkel, BelgiumKBO/BCE: BE 0759.804.661
Summary

The computed 12-month bankruptcy probability of The Forward Group is 1.6% (moderate). The 2024 annual accounts show equity of €860,247 and a net result of €253,195. Equity is growing by ~54.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 37961 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
The Forward GroupActiveChecked score 64/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€1.7mtotal assets 2024
Equity
€860,247
Profit
€253,195
Turnover not published (abridged schema)
Financial health
64 Healthy Checked score 2024
Bankruptcy chance 12 m
1.6%
Structure
Accounts 65 d overdue0 of 2 deeds read
Why 64- Figures for FY 2024 (filed 02-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 62 days late; 2 of the last 3 late- Liquidity: current ratio 3.08, cash €7,996, halved+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2024
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 52% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 74+10
equity 49.2% of total assets
Liquidity 49=
short-term debt 12.1% · cash 0.5%
Profitability 87-7
return on assets 14.5%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,788 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%▼ -2.7% vs 11-2024 01-2025: 0.1%▼ -0.7% vs 12-2024lowest value 02-2025: 0.1%▲ +1.4% vs 01-2025 03-2025: 0.1%▲ +4.9% vs 02-2025 04-2025: 0.2%▲ +5.3% vs 03-2025 05-2025: 0.2%▲ +11.4% vs 04-2025 06-2025: 0.2%▲ +25.6% vs 05-2025 07-2025: 0.2%▲ +7.2% vs 06-2025 08-2025: 0.4%▲ +82.7% vs 07-2025 09-2025: 0.6%▲ +35.1% vs 08-2025 10-2025: 1.1%▲ +80.2% vs 09-2025 11-2025: 0.3%▼ -69.4% vs 10-2025 12-2025: 0.3%▲ +3.7% vs 11-2025 01-2026: 0.3%▼ -0.6% vs 12-2025 02-2026: 0.3%▲ +1.2% vs 01-2026 03-2026: 0.3%▲ +1.5% vs 02-2026 04-2026: 0.4%▲ +7.9% vs 03-2026 05-2026: 0.4%▲ +3.3% vs 04-2026 06-2026: 0.4%▲ +8.2% vs 05-2026 07-2026: 0.4%▲ +7.3% vs 06-2026 08-2026: 0.7%▲ +64.2% vs 07-2026 09-2026: 1.0%▲ +31.2% vs 08-2026 10-2026: 1.6%▲ +67.5% vs 09-2026highest value
  • Figures for FY 2024 (filed 02-10-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 62 days late; 2 of the last 3 late raises the probability
  • Liquidity: current ratio 3.08, cash €7,996, halved raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 1.96 in 2023; short-term debt: 12.1% and cash: 0.5% of total assets), but 50.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 45%, liquidity 30%, profitability 56%, growth against the median 77%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 02-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 62 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 3.08, cash €7,996, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
62 d late
2023
5 d early
2022
31 d late
2021
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Highest result since 2021net €317,339 ▲132%

Key points

  • Positive: Among the best 5% on net resultsector median €25,896 · 37,982 companies €253,195 View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Positive: Equity rose in 2024from €607,052 to €860,247 ▲ 41.7% View

By topic

Financials

Fiscal year
2024
Total assets
€1.7m
Profit
€253,195
Solvency
49.2%
Total assets▲ 12.7%
Net result
20212024
Go to Financials

Timeline

Events
8
Since
2022
  1. 01-10-2025Annual accounts filed
  2. 26-07-2024Annual accounts filed
  3. 31-12-2023Highest result since 2021
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
15-12-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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