Active BE 0692.995.912Private limited company

Forti-7

Fernand Demetskaai 23 ·1070 Anderlecht, Belgium· 8 yrs active

Sector: Buying and selling of own real estate (68110)

Conclusion Checked

Forti-7 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.02M and a net result of €-73k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 13655 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€1.02M
Net result	€-73k
Better than sector	63%
Active	8 yrs

Financial profile 5 of 5 axes measured · computed by Checked

63 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 63

Profitability 0

Solvency 92

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, 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 Flags0 events

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 FY 2025 · computed

63 / 100 Healthy

050100

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

€65k

estimate, not credit advice

Score history

55 2020

60 2021

78 2022

45 2023

66 2024

63 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 4742.74 (≥ 1.5) +10

Quick ratio Quick ratio 4742.74 (≥ 1.0) +5

Leverage Debt/equity 1.14 (< 2.0) +3

Profitability Negatieve ROE -7% -10

Interest coverage Interest coverage 6.6× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 30-06-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~6.4%/year over 6 fiscal years, indicative, assuming unchanged policy.

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 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	46.8%	29.8%	better than 63% of 13655 sector peers
Net result	€-73k	€6k	better than 5% of 13656 sector peers
Equity	€1.02M	€78k	better than 92% of 13671 sector peers
Gross operating margin	€63k	€41k	better than 62% of 13639 sector peers
Total assets	€2.17M	€416k	better than 90% of 13659 sector peers

EBITDA

€40k

-43.1% 20-25

Net profit

€-73k

-2.3% 20-25

Cash flow

€34k

-5.2% 20-25

Total assets

€2.17M

-5.5% 20-25

Equity

€1.02M

-6.7% 20-25

Working capital

€156k

-7.3% 20-25

Debt

€1.16M

-4.5% 20-25

Debt ≤ 1y

€33

-99.6% 20-25

Debt > 1y

€1.15M

0.0% 20-25

Current ratio

4742.74

+22357.9% 20-25

Quick ratio

4742.74

+22357.9% 20-25

Solvency

46.8%

-1.2% 20-25

Debt / equity

1.14

+2.3% 20-25

ROE

-7.2%

-9.6% 20-25

ROA

-3.4%

-8.3% 20-25

Interest coverage

6.61

+224.5% 20-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€40k	€71k	€-52k	€40k	€-2k
Net profit	€-73k	€-71k	€-157k	€-25k	€-65k
Cash flow	€34k	€36k	€-70k	€40k	€-2k
Staff costs	-	-	-	-	-
Income taxes	-	-	-	-	-
Dividends	-	-	-	-	-
Total assets	€2.17M	€2.30M	€2.34M	€1.32M	€1.34M
Equity	€1.02M	€1.09M	€1.16M	€1.32M	€1.34M
Debt	€1.16M	€1.21M	€1.18M	€6	€1k
of which ≤ 1y	€33	€8k	€106	€6	€1k
of which > 1y	€1.15M	€1.15M	€1.15M	-	-
Working capital	€156k	€168k	€107k	€50k	€38k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	4742.74	21.12	1003.79	8015.87	36.09
Quick ratio	4742.74	21.12	1003.79	8015.87	36.09
Working capital ratio	7.2%	7.3%	4.6%	3.8%	2.9%
Solvency	46.8%	47.4%	49.6%	100.0%	99.9%
Debt / equity	1.14	1.11	1.01	0.00	0.00
Long-term debt ratio	1.13	1.06	0.99	-	-
Interest coverage	6.61	2.04	-2.91	151.30	-4.39
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-3.4%	-3.1%	-6.7%	-1.9%	-4.8%
ROE	-7.2%	-6.5%	-13.5%	-1.9%	-4.8%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €2.02M · 92.8% Current assets €156k · 7.2%

Equity & liabilities

Equity €1.02M · 46.8% Debt €1.16M · 53.2%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.17M	€2.30M	€2.34M	€1.32M	€1.34M
Fixed assets	21/28	€2.02M	€2.12M	€2.23M	€1.27M	€1.30M
Tangible fixed assets	22/27	€2.02M	€2.12M	€2.23M	€1.27M	€1.30M
Financial fixed assets	28	€125	-	-	-	-
Current assets	29/58	€156k	€176k	€107k	€50k	€39k
Amounts receivable within one year	40/41	€4k	-	€6k	€900	-
Cash & bank	54/58	€149k	€174k	€101k	€49k	€39k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.17M	€2.30M	€2.34M	€1.32M	€1.34M
Equity	10/15	€1.02M	€1.09M	€1.16M	€1.32M	€1.34M
Contributions / capital	10/11	€1.55M	€1.55M	€1.55M	€1.55M	€1.55M
Accumulated profits (losses)	14	€-534k	€-461k	€-390k	€-233k	€-208k
Amounts payable	17/49	€1.16M	€1.21M	€1.18M	€6	€1k
Amounts payable after one year	17	€1.15M	€1.15M	€1.15M	-	-
Amounts payable within one year	42/48	€33	€8k	€106	€6	€1k
Trade debts payable within one year	44	€27	€8k	-	-	€1k
Income statement
Gross operating margin	9900	€63k	€92k	€88k	€48k	€11k
Operating result	9901	€-67k	€-36k	€-139k	€-24k	€-64k
Financial charges	65	€6k	€35k	€18k	€267	€409
Result before taxes	9903	€-73k	€-71k	€-157k	€-25k	€-65k
Net result for the period	9904	€-73k	€-71k	€-157k	€-25k	€-65k
Result to be appropriated	9905	€-73k	€-71k	€-157k	€-25k	€-65k

Directors & mandates 2 directors

Current directors & mandates

Minyamin Akay
Director
State Gazette act 25109034 (28-08-2025)

Current
01-08-2025 → present
2 events
- 01-08-2025 Appointed· Director
- 31-07-2025 Resigned· Director

Former directors (1)

Aydin Akay
Director
State Gazette act 25095842 (28-07-2025)

Former
31-07-2025 → 01-08-2025
2 events
- 01-08-2025 Resigned· Director
- 31-07-2025 Appointed· Director

Legal Structure

NACE primary	Buying and selling of own real estate(68110)
Legal form	Private limited company(610)
Incorporation	28-03-2018
Status	Active
Postal code	1070

Establishment units 1 location

Forti-7

Fernand Demetskaai 23, 1070 AnderlechtReal estate activities

since 20182.274.646.238

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21304B0083/00V002 ProtectedMonumentVoormalige maalderij MoulartSource ↗	Brussels	1,973 m²	1 · 454 m²	25.7 m · 7 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 10 events

All 13Financial 3Gazette 2Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Liquidity times 225current ratio 4742.74

Current ratio from 21.12 to 4742.74; short-term debt falls from €8k to €33.

28-08

State Gazette act Director changes

28-07

State Gazette act Director changes

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-157k

Net result drops to €-157k, the lowest in the series; recovery starts the following year.

14-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity times 222current ratio 8015.87

Current ratio from 36.09 to 8015.87; short-term debt falls from €1k to €6.

16-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

15-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

15-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

08-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2025

28-08-2025 1 director appointed, 1 resigning Director changes

Minyamin Akay, Bestuurder
Aydin Akay, Bestuurder

Original publication ↗

Technical details

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28-07-2025 1 director appointed, 1 resigning Director changes

Aydin Akay, Bestuurder
Minyamin Akay, Bestuurder

Original publication ↗

Technical details

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      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_date",
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Buying and selling of own real estate68110Renting and operating of own or leased residential real estate, excluding social housing68201Renting and operating of own or leased non-residential real estate, excluding land68203Real estate activities68204

Names & trade names

Legal nameFR

Forti-7

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