FORELUX
ActiveSummary
FORELUX has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.61M and a net result of €5k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 69% of 3136 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+4
Solvency81▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.3 in 2024; short-term debt: 14.6% and cash: 2.9% of total assets), and 44.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
55.8%
Return on assets
0.1%
Age of the figures
9 mo
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 15-04-2026, 107 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
107 d early
2024
73 d early
2023
89 d early
2022
60 d early
2021
48 d early
2020
54 d early
2019
74 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.61M▲ 0.2%
2024 · €2.60M
2018: €2.46Mlowest in 8 years
2019: €2.52M▲ +2.4% vs 2018
2020: €2.50M▼ -0.8% vs 2019
2021: €2.57M▲ +2.7% vs 2020
2022: €2.60M▲ +1.3% vs 2021
2023: €2.62M▲ +0.6% vs 2022highest in 8 years
2024: €2.60M▼ -0.5% vs 2023
2025: €2.61M▲ +0.2% vs 2024
2018 → 2025
Total assets
€4.67M▼ 0.5%
2024 · €4.70M
2018: €4.30Mlowest in 8 years
2019: €4.58M▲ +6.4% vs 2018
2020: €4.68M▲ +2.2% vs 2019
2021: €4.70M▲ +0.3% vs 2020
2022: €4.61M▼ -1.8% vs 2021
2023: €4.74M▲ +2.7% vs 2022highest in 8 years
2024: €4.70M▼ -0.9% vs 2023
2025: €4.67M▼ -0.5% vs 2024
2018 → 2025
Net result
€5k
2024 · €-12k
2018: €55k
2019: €59k▲ +6.6% vs 2018
2020: €-21k▼ -135% vs 2019lowest in 8 years
2021: €68k▲ +429% vs 2020highest in 8 years
2022: €34k▼ -49.6% vs 2021
2023: €17k▼ -51.4% vs 2022
2024: €-12k▼ -174% vs 2023
2025: €5k▲ +137% vs 2024
2018 → 2025
Working capital
€-425k▲ 15.7%
2024 · €-504k
2018: €-111khighest in 8 years
2019: €-351k▼ -215% vs 2018
2020: €-434k▼ -23.7% vs 2019
2021: €-445k▼ -2.7% vs 2020
2022: €-417k▲ +6.5% vs 2021
2023: €-426k▼ -2.2% vs 2022
2024: €-504k▼ -18.3% vs 2023lowest in 8 years
2025: €-425k▲ +15.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.57M-€2.60M▲ 1.3%€2.62M▲ 0.6%€2.60M▼ 0.5%€2.61M▲ 0.2%
2021: €2.57Mlowest in 5 years
2022: €2.60M▲ +1.3% vs 2021
2023: €2.62M▲ +0.6% vs 2022highest in 5 years
2024: €2.60M▼ -0.5% vs 2023
2025: €2.61M▲ +0.2% vs 2024
Operating result€144k-€112k▼ 22.1%€86k▼ 23.4%€47k▼ 45.8%€72k▲ 53.6%
2021: €144khighest in 5 years
2022: €112k▼ -22.1% vs 2021
2023: €86k▼ -23.4% vs 2022
2024: €47k▼ -45.8% vs 2023lowest in 5 years
2025: €72k▲ +53.6% vs 2024
Net result€68k-€34k▼ 49.6%€17k▼ 51.4%€-12k€5k
2021: €68khighest in 5 years
2022: €34k▼ -49.6% vs 2021
2023: €17k▼ -51.4% vs 2022
2024: €-12k▼ -174% vs 2023lowest in 5 years
2025: €5k▲ +137% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.67M
Fixed assets
€4.42M ▼ 1.4%
Current assets
€256k ▲ 17.8%
Equity and liabilities €4.67M
Equity
€2.61M ▲ 0.2%
Provisions
€95k ▼ 5.7%
Debt
€1.97M ▼ 1.2%
Debt's share of the balance-sheet total falls from 42.4% to 42.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€168k▲
2024 · €143k
Cash flow
€101k▲
2024 · €84k
Current ratio
0.38▲
2024 · 0.30
Debt to equity
0.75▼
2024 · 0.76
ROE
0.2%▲
2024 · -0.5%
ROA
0.1%▲
2024 · -0.3%
Interest coverage
2.64▲
2024 · 2.18
Debt ≤ 1 year
€680k▼
2024 · €721k
Debt > 1 year
€1.24M▼
2024 · €1.25M
Income taxes
€10k▲
2024 · €630
Staff costs
€21k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.70M€4.67M▼
Fixed assets21/28€4.48M€4.42M▼
Tangible fixed assets22/27€4.48M€4.41M▼
Land and buildings22€4.33M€4.29M▼
Plant, machinery and equipment23€142k€122k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€5k€5k=
Current assets29/58€217k€256k▲
Amounts receivable within one year40/41€48k€82k▲
Trade receivables40€38k€51k▲
Other amounts receivable41€10k€31k▲
Cash at bank and in hand54/58€142k€136k▼
Deferred charges and accrued income490/1€27k€37k▲
Equity and liabilities
Total equity and liabilities10/49€4.70M€4.67M▼
Equity10/15€2.60M€2.61M▲
Contributions10/11€2.03M€2.03M=
Capital10€2.03M€2.03M=
Issued capital100€2.03M€2.03M=
Revaluation surpluses12€32k€32k=
Reserves13€548k€552k▲
Non-distributable reserves130/1€201k€203k▲
Legal reserve130€201k€203k▲
Tax-exempt reserves132€214k€203k▼
Distributable reserves133€133k€146k▲
Profit (loss) carried forward14€-335€0▲
Provisions and deferred taxes16€100k€95k▼
Provisions for liabilities and charges160/5€15k€15k=
Environmental obligations163€15k€15k=
Deferred taxes168€85k€80k▼
Amounts payable17/49€1.99M€1.97M▼
Amounts payable after more than one year17€1.25M€1.24M▼
Financial debts170/4€1.25M€1.24M▼
Amounts payable within one year42/48€721k€680k▼
Current portion of amounts payable after more than one year42€576k€576k=
Trade debts44€83k€38k▼
Suppliers440/4€83k€38k▼
Taxes, remuneration and social security45€6k€12k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€56k€54k▼
Accrued charges and deferred income492/3€18k€52k▲
Income statement
Code20242025
Non-recurring operating income76A€59€228▲
Remuneration, social security and pensions62€17k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€96k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-12k-
Other operating charges640/8€28k€31k▲
Non-recurring operating charges66A€262€392▲
Gross operating margin9900€177k€221k▲
Operating profit (loss)9901€47k€72k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€66k€64k▼
Recurring financial charges65€66k€64k▼
Profit (loss) for the period before taxes9903€-17k€9k▲
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€630€10k▲
Profit (loss) for the period9904€-12k€5k▲
Transfer from tax-exempt reserves789€11k€11k=
Profit (loss) for the period to be appropriated9905€-1k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-335€15k▲
Profit (loss) brought forward from the previous period14P€890€-335▼
Transfer to equity691/2-€15k
To the legal reserve6920-€2k
To other reserves6921-€14k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €59 | €228 | ▲ 288% |
| Remuneration, social security and pensions62 | €264 | - | €16k | €17k | €21k | ▲ 23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65k | €73k | €82k | €97k | €96k | ▼ 0.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-3k | €-12k | - | - |
| Other operating charges640/8 | €38k | €29k | €33k | €28k | €31k | ▲ 9.1% |
| Non-recurring operating charges66A | €10k | €10k | €17k | €262 | €392 | ▲ 49.5% |
| Gross operating margin9900 | €257k | €224k | €231k | €177k | €221k | ▲ 24.6% |
| Operating profit (loss)9901 | €144k | €112k | €86k | €47k | €72k | ▲ 53.6% |
| Financial income75/76B | €13k | €7 | €3 | €2k | €1k | ▼ 26.6% |
| Recurring financial income75 | €13k | €7 | €3 | €2k | €1k | ▼ 26.6% |
| Financial charges65/66B | €57k | €60k | €59k | €66k | €64k | ▼ 3.1% |
| Recurring financial charges65 | €57k | €60k | €59k | €66k | €64k | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €100k | €52k | €27k | €-17k | €9k | ▲ 152% |
| Transfer from deferred taxes780 | €6k | €6k | €6k | €6k | €6k | = |
| Income taxes67/77 | €37k | €24k | €16k | €630 | €10k | ▲ 1,535% |
| Profit (loss) for the period9904 | €68k | €34k | €17k | €-12k | €5k | ▲ 137% |
| Transfer from tax-exempt reserves789 | €11k | €11k | €11k | €11k | €11k | = |
| Profit (loss) for the period to be appropriated9905 | €79k | €46k | €28k | €-1k | €16k | ▲ 1,377% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.70M | €4.61M | €4.74M | €4.70M | €4.67M | ▼ 0.5% |
| Fixed assets21/28 | €4.46M | €4.45M | €4.45M | €4.48M | €4.42M | ▼ 1.4% |
| Tangible fixed assets22/27 | €4.46M | €4.45M | €4.45M | €4.48M | €4.41M | ▼ 1.4% |
| Land and buildings22 | €4.45M | €4.41M | €4.39M | €4.33M | €4.29M | ▼ 1.0% |
| Plant, machinery and equipment23 | €10k | €38k | €56k | €142k | €122k | ▼ 13.9% |
| Furniture and vehicles24 | €3k | €2k | €1k | €4k | €3k | ▼ 20.1% |
| Financial fixed assets28 | - | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €238k | €163k | €288k | €217k | €256k | ▲ 17.8% |
| Amounts receivable within one year40/41 | €25k | €33k | €46k | €48k | €82k | ▲ 70.0% |
| Trade receivables40 | €5k | €20k | €46k | €38k | €51k | ▲ 33.4% |
| Other amounts receivable41 | €20k | €13k | - | €10k | €31k | ▲ 211% |
| Cash at bank and in hand54/58 | €209k | €125k | €208k | €142k | €136k | ▼ 3.6% |
| Deferred charges and accrued income490/1 | €4k | €5k | €33k | €27k | €37k | ▲ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.70M | €4.61M | €4.74M | €4.70M | €4.67M | ▼ 0.5% |
| Equity10/15 | €2.57M | €2.60M | €2.62M | €2.60M | €2.61M | ▲ 0.2% |
| Contributions10/11 | €2.03M | €2.03M | €2.03M | €2.03M | €2.03M | = |
| Capital10 | €2.03M | €2.03M | €2.03M | €2.03M | €2.03M | = |
| Issued capital100 | €2.03M | €2.03M | €2.03M | €2.03M | €2.03M | = |
| Revaluation surpluses12 | €32k | €32k | €32k | €32k | €32k | = |
| Reserves13 | €508k | €542k | €559k | €548k | €552k | ▲ 0.8% |
| Non-distributable reserves130/1 | €197k | €199k | €201k | €201k | €203k | ▲ 0.8% |
| Legal reserve130 | €197k | €199k | €201k | €201k | €203k | ▲ 0.8% |
| Tax-exempt reserves132 | €248k | €237k | €225k | €214k | €203k | ▼ 5.2% |
| Distributable reserves133 | €64k | €107k | €133k | €133k | €146k | ▲ 10.3% |
| Profit (loss) carried forward14 | €455 | €742 | €890 | €-335 | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €132k | €127k | €118k | €100k | €95k | ▼ 5.7% |
| Provisions for liabilities and charges160/5 | €30k | €30k | €27k | €15k | €15k | = |
| Environmental obligations163 | €30k | €30k | €27k | €15k | €15k | = |
| Deferred taxes168 | €102k | €97k | €91k | €85k | €80k | ▼ 6.7% |
| Amounts payable17/49 | €2.00M | €1.89M | €2.00M | €1.99M | €1.97M | ▼ 1.2% |
| Amounts payable after more than one year17 | €1.31M | €1.29M | €1.27M | €1.25M | €1.24M | ▼ 1.5% |
| Financial debts170/4 | €1.31M | €1.29M | €1.27M | €1.25M | €1.24M | ▼ 1.5% |
| Amounts payable within one year42/48 | €684k | €580k | €713k | €721k | €680k | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | €573k | €482k | €576k | €576k | €576k | = |
| Trade debts44 | €54k | €47k | €81k | €83k | €38k | ▼ 54.0% |
| Suppliers440/4 | €54k | €47k | €81k | €83k | €38k | ▼ 54.0% |
| Taxes, remuneration and social security45 | €48k | €37k | €9k | €6k | €12k | ▲ 93.7% |
| Taxes450/3 | €48k | €37k | €7k | €3k | €9k | ▲ 215% |
| Remuneration and social security454/9 | - | - | €2k | €4k | €4k | ▼ 2.4% |
| Other amounts payable47/48 | €9k | €15k | €47k | €56k | €54k | ▼ 2.9% |
| Accrued charges and deferred income492/3 | €7k | €16k | €18k | €18k | €52k | ▲ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €34k | €17k | €-12k | €5k | ▲ 137% |
| + Depreciation and write-downs630 | €65k | €73k | €82k | €97k | €96k | ▼ 0.1% |
| Operating cash flow (approximation) | €134k | €108k | €99k | €84k | €101k | ▲ 19.9% |
| Investment in fixed assets (approximation) | - | €-64k | €-83k | €-126k | €-33k | ▲ 74.0% |
| Change in cash | - | €-85k | €84k | €-67k | €-5k | ▲ 92.4% |
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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
14-06
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
Show earlier events
14-06
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
10 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, Floreffe · 1 establishment unit since 2002
Ground area
4,783 m²
Building footprint
159 m²
Volume, LiDAR
1,295 m³
Parcel 92045C0098/00E000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Ferme-du-Manoir 1a, 5150 Floreffe
since 20022.233.301.175
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92045C0098/00E000 | Wallonia | 4,783 m² | 1 · 159 m² | 9.8 m · 3 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.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
4 locations
Recognitions · licences · registrations
Food safety, FASFC
1 siteFloreffe2.233.301.175
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Identification & contact
Identification
Legal formPublic limited company
Founded04-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
02200Logging
Contact
E-mail
contact@forelux.be
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
1. Rapport du conseil d’administration sur la modification de l’objet social. A ce rapport est joint un état résumant la situation active et passive de la société remontant à moins de trois mois. 2. Modification de l’article 3 des statuts définissant l’objet social en y ajoutant les activités suivantes, et adoption conséquente par la société du caractère commercial : -