Toolforce
ActiveSummary
Toolforce has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,476 and a net result of €15,232. Equity is shrinking by ~14% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 14% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+43
Solvency27▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 0.97 in 2024; short-term debt: 98% and cash: 0.1% of total assets), and 98% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
2%
Return on assets
2.2%
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 14% of 10429 sector peers (2025).
NBB · sector comparisonPosition among 10429 sector peers
Solvency
better than 14%
← 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 d early
2024
45 d early
2023
54 d early
2022
47 d early
2021
34 d early
2020
51 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€13,476
2024 · -€1,757
Total assets
€677,191▲ 1,075%
2024 · €57,633
Net result
€15,232
2024 · -€15,118
Working capital
€13,476
2024 · -€1,755
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
Line20212022202320242025
Operating result-€10,621▼ 7,346%€5,783€8,689▲ 50.3%-€15,572€17,558
Net result-€11,613▼ 369%€4,835€6,862▲ 41.9%-€15,118€15,232
Equity€1,665▼ 87.5%€6,500▲ 290%€13,361▲ 106%-€1,757€13,476
Total assets€33,334▼ 51.0%€19,324▼ 42.0%€149,094▲ 672%€57,633▼ 61.3%€677,191▲ 1,075%
Debt€31,669▼ 42.1%€12,824▼ 59.5%€135,733▲ 958%€59,390▼ 56.2%€663,715▲ 1,018%
Working capital€1,668▼ 87.4%€6,500▲ 290%€13,361▲ 106%-€1,755€13,476
Staff (FTE)1=1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17,558 after a loss of €15,572 in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €677,191
Equity
€13,476
Debt
€663,715
Debt finances 98.0% of the balance-sheet total.
Key figures and ratios
Current ratio
1.02▲
2024 · 0.97
Quick ratio
0.24▼
2024 · 0.97
Debt to equity
49.25▲
2024 · -33.81
ROE
113.0%
ROA
2.2%▲
2024 · -26.2%
Debt ≤ 1 year
€663,715▲
2024 · €59,388
Income taxes
€3,055
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,936 | - | - | €3,101 | - |
| Remuneration, social security and pensions62 | €41,497 | €51,557 | €31,199 | -€37 | - | - |
| Other operating charges640/8 | €798 | €710 | €756 | €759 | €774 | ▲ 2.0% |
| Gross operating margin9900 | €31,673 | €58,050 | €40,644 | -€14,850 | €18,332 | ▲ 223% |
| Operating profit (loss)9901 | -€10,621 | €5,783 | €8,689 | -€15,572 | €17,558 | ▲ 213% |
| Financial income75/76B | €884 | €326 | €375 | €702 | €1,030 | ▲ 46.8% |
| Recurring financial income75 | €884 | €326 | €375 | €702 | €1,030 | ▲ 46.8% |
| Financial charges65/66B | €1,876 | €1,274 | €246 | €248 | €300 | ▲ 21.2% |
| Recurring financial charges65 | €1,876 | €1,274 | €246 | €248 | €300 | ▲ 21.2% |
| Profit (loss) for the period before taxes9903 | -€11,613 | €4,835 | €8,818 | -€15,118 | €18,288 | ▲ 221% |
| Income taxes67/77 | - | - | €1,956 | - | €3,055 | - |
| Profit (loss) for the period9904 | -€11,613 | €4,835 | €6,862 | -€15,118 | €15,232 | ▲ 201% |
| Profit (loss) for the period to be appropriated9905 | -€11,613 | €4,835 | €6,862 | -€15,118 | €15,232 | ▲ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,334 | €19,324 | €149,094 | €57,633 | €677,191 | ▲ 1,075% |
| Current assets29/58 | €33,334 | €19,324 | €149,094 | €57,633 | €677,191 | ▲ 1,075% |
| Stocks and contracts in progress3 | - | - | - | - | €518,778 | - |
| Stocks30/36 | - | - | - | - | €518,778 | - |
| Amounts receivable within one year40/41 | €25,280 | €16,775 | €141,908 | €48,217 | €141,330 | ▲ 193% |
| Trade receivables40 | €2,312 | €2,500 | €20 | - | €32,677 | - |
| Other amounts receivable41 | €22,968 | €14,275 | €141,888 | €48,217 | €108,652 | ▲ 125% |
| Cash at bank and in hand54/58 | €8,008 | €2,500 | €7,133 | €9,416 | €554 | ▼ 94.1% |
| Deferred charges and accrued income490/1 | €46 | €50 | €54 | - | €16,529 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,334 | €19,324 | €149,094 | €57,633 | €677,191 | ▲ 1,075% |
| Equity10/15 | €1,665 | €6,500 | €13,361 | -€1,757 | €13,476 | ▲ 867% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €55 | €55 | €55 | €55 | €55 | = |
| Distributable reserves133 | €55 | €55 | €55 | €55 | €55 | = |
| Profit (loss) carried forward14 | -€16,990 | -€12,155 | -€5,293 | -€20,411 | -€5,179 | ▲ 74.6% |
| Amounts payable17/49 | €31,669 | €12,824 | €135,733 | €59,390 | €663,715 | ▲ 1,018% |
| Amounts payable within one year42/48 | €31,665 | €12,824 | €135,733 | €59,388 | €663,715 | ▲ 1,018% |
| Trade debts44 | €23,291 | €2,688 | €133,776 | €57,432 | €660,660 | ▲ 1,050% |
| Suppliers440/4 | €23,291 | €2,688 | €133,776 | €57,432 | €660,660 | ▲ 1,050% |
| Advances received on contracts in progress46 | €1,141 | €238 | - | - | - | - |
| Taxes, remuneration and social security45 | €6,362 | €7,554 | €1,956 | €1,956 | €3,055 | ▲ 56.2% |
| Taxes450/3 | - | - | €1,956 | €1,956 | €3,055 | ▲ 56.2% |
| Remuneration and social security454/9 | €6,362 | €7,554 | - | - | - | - |
| Other amounts payable47/48 | €871 | €2,345 | - | - | - | - |
| Accrued charges and deferred income492/3 | €4 | - | - | €2 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,613 | €4,835 | €6,862 | -€15,118 | €15,232 | ▲ 201% |
| Operating cash flow (approximation) | -€11,613 | €4,835 | €6,862 | -€15,118 | €15,232 | ▲ 201% |
| Change in cash | - | -€5,508 | €4,633 | €2,283 | -€8,862 | ▼ 488% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €15,232
Net result €15,232 after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€15,118
Net result drops to -€15,118, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €4,835
Net result €4,835 after 3 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Bilzen-Hoeselt · 1 establishment unit since 2015
Ground area
4,860 m²
Building footprint
1,896 m²
Volume, LiDAR
13,177 m³
Parcel 73006H0699/00X000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Toolforce
since 20152.241.967.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006H0699/00X000 | Flanders | 4,860 m² | 1 · 1,896 m² | 8.3 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 301 companies in sector 47525 we hold annual accounts for 207. 62 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
Founded13-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47525Retail trade
28240Manufacture of machinery and equipment not elsewhere classified
33110Repair and maintenance of fabricated metal products
46140Agents in the wholesale of industrial machinery, ships and aircraft
77221Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.