Debts
€663,715 98% of the balance sheet
Suppliers 100%Taxes and wages 0%
Toolforce
Lifetime
10 annual accounts with figures on one time axispeak €58,050 (2022)
€18,332▲ €33,182
lowest -€15,118 (2024)
€15,232▲ €30,350
peak €19,691 (2018)
€13,476▲ €15,232
€663,715▲ 11×
peak 1 FTE (2020)
-not published
Board2 names since 2015
1 directorD&A CommV
Owners
consolidatesD & A
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Gross margin from -€14,850 to €18,332Back to profit: €15,232Equity from -€1,757 to €13,476Debts from €59,390 to €663,715Cash from €9,416 to €554
Key points
from the 2025 annual accountsFilings
10 annual accounts since 2016
The last five annual accounts were filed 34 to 54 days before the end of the period.
Position in the sector
2.0%
Lower solvency than 85% of companies in retail trade. Sector median 36.6% · 12,862 companies.
Checked score
67
Healthy
Financially stronger than 38% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.3%▼ -0.1 percentage points vs 05-2025
07-2025: 1.8%▲ +0.5 percentage points vs 06-2025
08-2025: 1.8%● unchanged vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.7%▼ -0.1 percentage points vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.8%▲ +0.1 percentage points vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026highest value
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 0.9%▼ -0.8 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.8%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.02, cash €554, halved
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €677,191
Founded in 2015
Calculation
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 47, micro). It does better than 20% of them on solvency, 2% on liquidity, 32% on profitability and 99% 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 1,448 companies had the same profile as Toolforce has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Toolforce itself: 0.8% within 12 months.
Test of the method
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 1,448 companies, not a prediction for Toolforce. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (0.97 in 2024), below the usual 1.5. Short-term debt is 98% and cash 0.1% of total assets. 98% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 12862 sector peers (2025).
NBB · sector comparisonPosition among 12862 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
45 days early
2023
54 days early
2022
47 days early
2021
34 days early
2020
51 days early
2019
52 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0630625605
1 director appointed, 1 resignation
Resignation: PALMAERS Ivo Jean Marie Ghislain · Appointment: PALMAERS Ivo Jean Marie Ghislain · Permanent representative: PALMAERS Ivo Jean Marie Ghislain · Gazette deed
Incorporation
published on 18-05-2015 · Gazette deed
First establishment
Tongersestraat 94, Bilzen-Hoeselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Toolforce Bilzen-Hoeselt | €677,191 | €18,332 | 2.0% | - |
| CONRARDY'S Wanze | €398,312 | €14,602 | 24.0% | - |
| VUNDELINCKX Herzele | €621,325 | €26,424 | 22.1% | - |
| MAISON PERET Esneux | €448,139 | €39,184 | 95.4% | - |
| IDEAL BAZAR Mouscron | €347,641 | €25,527 | -65.4% | - |
| LB SRL Tubize | €684,388 | €44,769 | 13.1% | - |
| WILLEMS-RYMEN Balen | €546,763 | €59,997 | 84.6% | 0.2 |
These companies have the same main activity as Toolforce: retail trade (NACE 47525). They are comparable in size and age: total assets between €348,000 and €684,000, founded between 2007 and 2020.
Official details
Source: KBO- Status
- Active since 13-05-2015Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Retail tradeNACE 47525and 4 others
- Joint committee
- 201Independent retail · annual accounts 2022
- Establishment unit
- 2.241.967.5323740 Bilzen-Hoeselt, since 13-05-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €180,000estimated
- €677,191▲ 12×
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on Toolforce
Toolforce files the abbreviated format. That format states no turnover. The gross margin rose from €1,053 in 2016 to €18,332 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Toolforce
- What is the company number of Toolforce?
- The company number of Toolforce is 0630.625.605. The VAT number is the same number with BE in front: BE 0630.625.605.
- Where is Toolforce based?
- The registered office is at Tongersestraat 94, 3740 Bilzen-Hoeselt.Company details
- What does Toolforce do?
- According to the KBO register, the main activity is retail trade (NACE 47525).
- What is the legal form of Toolforce?
- Toolforce is a private limited company (BV).
- When was Toolforce founded?
- Toolforce was founded on 13-05-2015.
- Is Toolforce still active?
- Yes, Toolforce is an active enterprise in the KBO register.
- How many employees does Toolforce have?
- Toolforce had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does Toolforce fall under?
- In its 2022 annual accounts, Toolforce states joint committee 201 (Independent retail).
- What is the turnover of Toolforce?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €18,332 and 85 comparable companies (NACE 475). It probably lies between €90,000 and €410,000. It is a rough estimate.
- Is Toolforce profitable?
- In financial year 2025, Toolforce made a profit of €15,232.
- Where can I find the annual accounts of Toolforce?
- Toolforce filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Toolforce due?
- Toolforce must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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