Checked.be
Active
BE 0768.764.293Private limited company
ForLaw
Grotesteenweg 249 ·2600 Antwerpen, Belgium· 5 yrs active
Sector: Activities of lawyers
(69101)
Conclusion
ForLaw has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70k and a net result of €-12k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 95% of 4828 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €70k |
| Net result | €-12k |
| Better than sector | 95% |
| Active | 5 yrs |
Financial profile
61
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
60
Profitability
0
Solvency
100
Growth
52
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
60
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
85
2021
100
2022
52
2023
60
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 255.07 (≥ 1.5)
+10
Quick ratio
Quick ratio 255.07 (≥ 1.0)
+5
Leverage
Debt/equity 0.01 (< 1.0)
+10
Profitability
Negatieve ROE -17%
-10
Interest coverage
Interest coverage -33.5× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±0.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 69, Legal and accounting activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.5% | 61.0% | |
| Net result | €-12k | €33k | |
| Equity | €70k | €59k | |
| Gross operating margin | €-11k | €56k | |
| Total assets | €70k | €117k |
€-12k
+34.3%
21-24
€-12k
+37.0%
21-24
€-11k
+38.8%
21-24
€70k
-16.3%
21-24
€70k
-14.4%
21-24
€68k
-1.1%
21-24
€71
-
21-24
€350
-97.1%
21-24
€269
-97.8%
21-24
255.07
+3724.5%
21-24
255.07
+3724.5%
21-24
99.5%
+2.2%
21-24
0.01
-96.7%
21-24
-16.8%
+26.4%
21-24
-16.7%
+24.8%
21-24
-33.53
+79.5%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-12k | €-18k | €67k | - |
| Net profit | €-12k | €-19k | €50k | €39k |
| Cash flow | €-11k | €-18k | €51k | - |
| Staff costs | - | - | - | - |
| Income taxes | €71 | €0 | €16k | €10k |
| Dividends | - | - | - | - |
| Total assets | €70k | €83k | €96k | €52k |
| Equity | €70k | €81k | €90k | €40k |
| Debt | €350 | €12k | €6k | €13k |
| of which ≤ 1y | €269 | €12k | €6k | €13k |
| of which > 1y | - | - | - | - |
| Working capital | €68k | €69k | €87k | €40k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 255.07 | 6.67 | 15.65 | 4.11 |
| Quick ratio | 255.07 | 6.67 | 15.65 | 4.11 |
| Working capital ratio | 98.0% | 83.0% | 90.8% | 75.6% |
| Solvency | 99.5% | 97.3% | 93.8% | 75.6% |
| Debt / equity | 0.01 | 0.15 | 0.07 | 0.32 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -33.53 | -163.71 | 344.00 | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -16.7% | -22.3% | 52.5% | 73.7% |
| ROE | -16.8% | -22.9% | 56.0% | 97.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €70k | €83k | €96k | €52k |
| Fixed assets | 21/28 | €1k | €2k | €3k | - |
| Tangible fixed assets | 22/27 | €1k | €2k | €3k | - |
| Current assets | 29/58 | €69k | €81k | €93k | €52k |
| Amounts receivable within one year | 40/41 | €710 | €8k | €9k | €4k |
| Cash & bank | 54/58 | €68k | €74k | €84k | €49k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €70k | €83k | €96k | €52k |
| Equity | 10/15 | €70k | €81k | €90k | €40k |
| Contributions / capital | 10/11 | €1k | €1k | €1k | €1k |
| Reserves | 13 | €69k | €80k | €89k | €39k |
| Amounts payable | 17/49 | €350 | €12k | €6k | €13k |
| Amounts payable within one year | 42/48 | €269 | €12k | €6k | €13k |
| Trade debts payable within one year | 44 | €214 | €411 | €2k | €134 |
| Income statement | |||||
| Gross operating margin | 9900 | €-11k | €-17k | €67k | €49k |
| Operating result | 9901 | €-13k | €-19k | €66k | €48k |
| Financial income | 75 | €1k | €240 | - | - |
| Financial charges | 65 | €350 | €109 | €194 | €2 |
| Result before taxes | 9903 | €-12k | €-19k | €66k | €48k |
| Income taxes | 67/77 | €71 | €0 | €16k | €10k |
| Net result for the period | 9904 | €-12k | €-19k | €50k | €39k |
| Result to be appropriated | 9905 | €-12k | €-19k | €50k | €39k |
Legal Structure
| NACE primary | Activities of lawyers(69101) |
| Legal form | Private limited company(610) |
| Incorporation | 26-05-2021 |
| Status | Active |
| Postal code | 2600 |
Establishment units
ForLaw
since 20212.317.723.443
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0202/00L006 | Flanders | 356 m² | 1 · 105 m² | 18.6 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 38current ratio 255.07
Current ratio from 6.67 to 255.07; short-term debt falls from €12k to €269.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-19k ▼137%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €50k ▲30.4%
Operating result €66k, net result €50k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 15.65
Current ratio from 4.11 to 15.65; short-term debt falls from €13k to €6k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Activities of lawyers69101
Names & trade names
| Legal nameNL | ForLaw |
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