Toolforce
Overview
Lifetime
10 annual accounts with figures on one time axisKey points
from the 2025 annual accountsFilings
The last five annual accounts were filed 34 to 54 days before the end of the period.
Position in the sector
Lower solvency than 85% of companies in retail trade. Sector median 36.6% · 12,862 companies.
Checked score
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).
Financial strengthWeak
Score breakdown
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.
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
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
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)
Recent changes
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
- €18,332
- ≈ €180,000estimated
- €15,232
- €13,476
- €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.
Financials
Annual accounts 2025
abbreviated format, filed on 08-06-2026, 53 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €90,000 and €410,000.
Balance sheet
balance sheet total €677,191 on 31-12-2025in euro
in euro
Position in the sector
2.0%
Higher than 15% of 12,862 companies in 2025.
1.02
Higher than 27% of 12,652 companies in 2025.
2.2%
Higher than 39% of 12,725 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
677,191 | 57,633 | 149,094 | 19,324 | 33,334 | 68,008 | 39,168 | 24,466 | 23,967 | 28,083 | |
29/58 |
677,191 | 57,633 | 149,094 | 19,324 | 33,334 | 68,008 | 39,168 | 24,466 | 23,967 | 28,083 | |
3 |
518,778 | - | - | - | - | - | - | - | - | - | |
30/36 |
518,778 | - | - | - | - | - | - | - | - | - | |
40/41 |
141,330 | 48,217 | 141,908 | 16,775 | 25,280 | 67,367 | 34,989 | 13,009 | 7,002 | 4,518 | |
40 |
32,677 | - | 20 | 2,500 | 2,312 | 42,551 | 6,869 | 2,623 | 7,002 | 4,518 | |
41 |
108,652 | 48,217 | 141,888 | 14,275 | 22,968 | 24,816 | 28,120 | 10,386 | - | - | |
54/58 |
554 | 9,416 | 7,133 | 2,500 | 8,008 | 641 | 4,179 | 11,436 | 16,924 | 23,565 | |
490/1 |
16,529 | - | 54 | 50 | 46 | - | - | 21 | 41 | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
677,191 | 57,633 | 149,094 | 19,324 | 33,334 | 68,008 | 39,168 | 24,466 | 23,967 | 28,083 | |
10/15 |
13,476 | -1,757 | 13,361 | 6,500 | 1,665 | 13,278 | 15,754 | 19,691 | 15,156 | 17,578 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | - | - | - | |
1109/19 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | - | - | - | |
13 |
55 | 55 | 55 | 55 | 55 | 55 | 55 | 1,091 | - | - | |
130 |
- | - | - | - | - | - | 55 | 55 | - | - | |
133 |
55 | 55 | 55 | 55 | 55 | 55 | - | 1,036 | - | - | |
14 |
-5,179 | -20,411 | -5,293 | -12,155 | -16,990 | -5,376 | -2,901 | - | -3,444 | -1,022 | |
17/49 |
663,715 | 59,390 | 135,733 | 12,824 | 31,669 | 54,730 | 23,414 | 4,775 | 8,811 | 10,506 | |
42/48 |
663,715 | 59,388 | 135,733 | 12,824 | 31,665 | 54,730 | 23,414 | 4,775 | 8,811 | 10,506 | |
44 |
660,660 | 57,432 | 133,776 | 2,688 | 23,291 | 44,384 | 21,015 | 2,221 | 8,313 | 7,817 | |
440/4 |
660,660 | 57,432 | 133,776 | 2,688 | 23,291 | 44,384 | 21,015 | 2,221 | 8,313 | 7,817 | |
46 |
- | - | - | 238 | 1,141 | - | - | - | - | - | |
45 |
3,055 | 1,956 | 1,956 | 7,554 | 6,362 | 4,109 | 634 | 634 | - | - | |
450/3 |
3,055 | 1,956 | 1,956 | - | - | - | 634 | 634 | - | - | |
454/9 |
- | - | - | 7,554 | 6,362 | 4,109 | - | - | - | - | |
47/48 |
- | - | - | 2,345 | 871 | 6,237 | 1,765 | 1,920 | 498 | 2,688 | |
492/3 |
- | 2 | - | - | 4 | - | - | - | - | - | |
| Income statement | |||||||||||
76A |
3,101 | - | - | 2,936 | - | - | - | - | - | - | |
9900 |
18,332 | -14,850 | 40,644 | 58,050 | 31,673 | 31,298 | -1,707 | 8,174 | 71 | 1,053 | |
62 |
- | -37 | 31,199 | 51,557 | 41,497 | 30,596 | - | - | - | - | |
640/8 |
774 | 759 | 756 | 710 | 798 | 845 | 707 | 687 | 418 | 592 | |
9901 |
17,558 | -15,572 | 8,689 | 5,783 | -10,621 | -143 | -2,414 | 7,486 | -348 | 461 | |
75/76B |
1,030 | 702 | 375 | 326 | 884 | 1,517 | 1,121 | 695 | 268 | 78 | |
75 |
1,030 | 702 | 375 | 326 | 884 | 1,517 | 1,121 | 695 | 268 | 78 | |
65/66B |
300 | 248 | 246 | 1,274 | 1,876 | 3,851 | 2,644 | 3,013 | 2,342 | 1,561 | |
65 |
300 | 248 | 246 | 1,274 | 1,876 | 3,851 | 2,644 | 3,013 | 2,342 | 1,561 | |
9903 |
18,288 | -15,118 | 8,818 | 4,835 | -11,613 | -2,476 | -3,937 | 5,169 | -2,422 | -1,022 | |
67/77 |
3,055 | - | 1,956 | - | - | - | - | 634 | - | - | |
9904 |
15,232 | -15,118 | 6,862 | 4,835 | -11,613 | -2,476 | -3,937 | 4,535 | -2,422 | -1,022 | |
9905 |
15,232 | -15,118 | 6,862 | 4,835 | -11,613 | -2,476 | -3,937 | 4,535 | -2,422 | -1,022 | |
| Appropriation of the result | |||||||||||
9906 |
-5,179 | -20,411 | -5,293 | -12,155 | -16,990 | -5,376 | -3,937 | 1,091 | -3,444 | -1,022 | |
14P |
-20,411 | -5,293 | -12,155 | -16,990 | -5,376 | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | 1,036 | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 1,091 | - | - | |
6920 |
- | - | - | - | - | - | - | 55 | - | - | |
6921 |
- | - | - | - | - | - | - | 1,036 | - | - | |
| Social balance sheet | |||||||||||
9087 |
- | - | 1 | 1 | 1 | 1 | - | - | - | - | |
Hours worked1013 |
- | - | 1,261 | 1,687 | 1,512 | 965 | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00144305 | |
| 31-12-2024 | abbreviated format | 16-06-2025 | 2025-00141929 | |
| 31-12-2023 | abbreviated format | 07-06-2024 | 2024-00119937 | |
| 31-12-2022 | abbreviated format | 14-06-2023 | 2023-00125268 | |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20142438 | |
| 31-12-2020 | abbreviated format | 10-06-2021 | 2021-19400068 | |
| 31-12-2019 | abbreviated format | 09-06-2020 | 2020-16000104 | |
| 31-12-2018 | abbreviated format | 06-06-2019 | 2019-16800567 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-30900151 | |
| 31-12-2016 | abbreviated format | 11-07-2017 | 2017-30500336 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -8,862 | 2,283 | 4,633 | -5,508 | 7,366 | -3,537 | -7,258 | -5,487 | -6,641 | - | ||
| 13,476 | -1,755 | 13,361 | 6,500 | 1,668 | 13,278 | 15,754 | 19,691 | 15,156 | 17,578 | ||
| 2.0% | -3.0% | 9.0% | 33.6% | 5.0% | 19.5% | 40.2% | 80.5% | 63.2% | 62.6% | ||
| 1.02 | 0.97 | 1.10 | 1.51 | 1.05 | 1.24 | 1.67 | 5.12 | 2.72 | 2.67 | ||
| 0.24 | 0.97 | 1.10 | 1.51 | 1.05 | 1.24 | 1.67 | 5.12 | 2.72 | 2.67 | ||
| 49.25 | - | 10.16 | 1.97 | 19.02 | 4.12 | 1.49 | 0.24 | 0.58 | 0.60 | ||
| 113.0% | - | 51.4% | 74.4% | -697.6% | -18.6% | -25.0% | 23.0% | -16.0% | -5.8% | ||
| 2.2% | -26.2% | 4.6% | 25.0% | -34.8% | -3.6% | -10.1% | 18.5% | -10.1% | -3.6% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| 1 | 1 | 1 | |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 0 | - | - |
| Left | 1 | - | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Insights on Toolforce
The operating result for 2025 is a profit of €17,558, after a loss of €15,572 in 2024. It is the highest result since 2016.
Debt's share of the balance-sheet total is 98.0%.
Board & ownership
Board
1 director, last change in 2020Mandates through the years
2 names, the dashed line is todayDirector
Director
Mandates as a list
- D&A CommV
- Director, from 13-05-2015 to date
- PALMAERS Ivo Jean Marie Ghislain
- Director, from before 13-11-2020, no longer listed in the 2025 annual accounts
Control
Capital
- Contribution
- €18,600
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
Source: parent in its own accounts
Network & group
Parent
At the same address
Tongersestraat 94, 3740 Bilzen-Hoeselt · 12 other companies| Immo Palmaers
registered office since 19-05-1993 · founded in 1993 · negative equity (2025) |
total assets €14.4m (2025) 0449.866.204 |
| Palmaers Vakhandel
registered office since 19-11-1993 · founded in 1993 |
26 FTE (2025) 0449.866.501 |
| Terramax
registered office since 04-03-2021 · founded in 2021 |
4 FTE (2025) 0764.657.829 |
| Guanxi-Invest
registered office since 29-04-1971 · founded in 1971 · negative equity (2025) |
total assets €5.9m (2025) 0408.267.555 |
| PALMAERS VERHUUR
registered office since 12-05-1998 · founded in 1998 |
13 FTE (2025) 0463.344.254 |
| Kärcher Center Palmaers
registered office since 03-05-2018 · founded in 2018 |
3.5 FTE (2025) 0695.687.958 |
| PALMAERS PARK EN TUIN
registered office since 26-07-2018 · founded in 2006 |
total assets €729,140 (2025) 0884.967.127 |
| BieseGek
registered office since 04-05-1987 · founded in 1987 |
total assets €412,544 (2025) 0430.730.577 |
| PV Worx
registered office since 12-09-2016 · founded in 2016 · negative equity (2025) |
total assets €391,520 (2025) 0662.513.859 |
| Palmaers Transport
registered office since 26-07-2017 · founded in 2017 |
3 FTE (2025) 0678.878.650 |
Earlier ties
| TC BILZEN via PALMAERS Ivo Jean Marie Ghislain, no longer at TC BILZEN · Manager · deed of 14-12-2018 founded in 2018 |
total assets €5.3m (2025) |
Connections & network
9 connected companiesShow 5 more companies with a shared director
Timeline
Timeline
18 events since 2015Deadline for the 2026 accounts: 31-07-2027
1 director appointed, 1 resignationResignation: PALMAERS Ivo Jean Marie Ghislain · Appointment: PALMAERS Ivo Jean Marie Ghislain · Permanent representative: PALMAERS Ivo Jean Marie Ghislain4 points ▸
- Registered office clause, Tongersestraat 94, 3740 Bilzen
- Director resignation, PALMAERS Ivo Jean Marie Ghislain
- Director appointment, PALMAERS Ivo Jean Marie Ghislain
- Permanent representative, PALMAERS Ivo Jean Marie Ghislain
- The deed holds 1 more point.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0630.625.605
- VAT number
- BE 0630.625.605
- Peppol ID
- 0208:0630625605
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-05-2015
- Financial year
- ends on 31 December
- Peppol
- Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Toolforce in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 2025Codes under NACEBEL 2008
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Tongersestraat 94 registered office 3740 Bilzen-Hoeselt | 13-05-2015 | 2.241.967.532 |
Buildings and parcels at the address
- Ground area
- 4,860 m²
- Buildings
- 1,896 m²
- Volume, LiDAR
- 13,177 m³
- Tallest building
- 8.3 m
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73006H0699/00X000 | 4,860 m² | 1 · 1,896 m² | 8.3 m · 2 |