FORUM OFFICE
ActiveSummary
FORUM OFFICE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €671k and a net result of €410k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 43% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+78
Solvency56▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.01 in 2024; short-term debt: 44.8% and cash: 4.7% of total assets), and 69% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 47
higher
← 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
31%
Return on assets
18.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-12-2025, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
129 d early
2024
91 d early
2023
5 d early
2022
30 d early
2021
44 d early
2020
50 d early
2019
142 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€671k▲ 157%
2024 · €262k
2018: €210k
2019: €396k
2020: €438k
2021: €634k
2022: €623k
2023: €340k
2024: €262k
2018 → 2025
Total assets
€2.16M▲ 52.9%
2024 · €1.42M
2018: €959k
2019: €1.57M
2020: €1.23M
2021: €1.45M
2022: €1.85M
2023: €1.16M
2024: €1.42M
2018 → 2025
Net result
€410k
2024 · €-78k
2018: €134k
2019: €239k
2020: €42k
2021: €209k
2022: €-10k
2023: €-284k
2024: €-78k
2018 → 2025
Working capital
€455k▲ 6,560%
2024 · €7k
2018: €263k
2019: €457k
2020: €397k
2021: €454k
2022: €344k
2023: €67k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€634k-€623k▼ 1.6%€340k▼ 45.5%€262k▼ 23.1%€671k▲ 157%
Operating result€302k-€14k▼ 95.4%€-259k€-38k▲ 85.5%€482k
Net result€209k-€-10k€-284k▼ 2,689%€-78k▲ 72.4%€410k
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: €482k after a loss of €38k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.16M
Fixed assets
€739k ▼ 5.2%
Current assets
€1.42M ▲ 124%
Equity and liabilities €2.16M
Equity
€671k ▲ 157%
Debt
€1.49M ▲ 29.4%
Debt's share of the balance-sheet total falls from 81.5% to 69.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€532k▲
2024 · €13k
Cash flow
€459k▲
2024 · €-27k
Current ratio
1.47▲
2024 · 1.01
Quick ratio
1.46▲
2024 · 0.96
Debt to equity
2.22▼
2024 · 4.41
ROE
61.0%▲
2024 · -30.0%
ROA
18.9%▲
2024 · -5.5%
Interest coverage
10.90▲
2024 · 0.31
Debt ≤ 1 year
€970k▲
2024 · €629k
Debt > 1 year
€483k▼
2024 · €521k
Income taxes
€30k▲
2024 · €777
Staff costs
€148k▲
2024 · €123k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.42M€2.16M▲
Fixed assets21/28€780k€739k▼
Intangible fixed assets21-€7k
Tangible fixed assets22/27€770k€733k▼
Land and buildings22€517k€498k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€13k€16k▲
Other tangible fixed assets26€234k€214k▼
Financial fixed assets28€10k-
Current assets29/58€635k€1.42M▲
Stocks and contracts in progress3€29k€10k▼
Stocks30/36€29k€10k▼
Amounts receivable within one year40/41€524k€1.25M▲
Trade receivables40€523k€1.18M▲
Other amounts receivable41€259€70k▲
Cash at bank and in hand54/58€33k€102k▲
Deferred charges and accrued income490/1€49k€63k▲
Equity and liabilities
Total equity and liabilities10/49€1.42M€2.16M▲
Equity10/15€262k€671k▲
Contributions10/11€30k€30k=
Reserves13€604k€641k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€601k€638k▲
Profit (loss) carried forward14€-372k-
Amounts payable17/49€1.15M€1.49M▲
Amounts payable after more than one year17€521k€483k▼
Financial debts170/4€521k€483k▼
Amounts payable within one year42/48€629k€970k▲
Current portion of amounts payable after more than one year42€36k€96k▲
Financial debts43€250k€500k▲
Credit institutions430/8€250k€500k▲
Trade debts44€278k€205k▼
Suppliers440/4€278k€205k▼
Taxes, remuneration and social security45€57k€164k▲
Taxes450/3€46k€136k▲
Remuneration and social security454/9€11k€28k▲
Other amounts payable47/48€7k€5k▼
Accrued charges and deferred income492/3€4k€39k▲
Income statement
Code20242025
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€123k€148k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€50k▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€145k€684k▲
Operating profit (loss)9901€-38k€482k▲
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€43k€49k▲
Recurring financial charges65€43k€49k▲
Profit (loss) for the period before taxes9903€-78k€439k▲
Income taxes67/77€777€30k▲
Profit (loss) for the period9904€-78k€410k▲
Profit (loss) for the period to be appropriated9905€-78k€410k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-372k€38k▲
Profit (loss) brought forward from the previous period14P€-294k€-372k▼
Transfer to equity691/2-€38k
To other reserves6921-€38k
Social balance
Average headcount (FTE)90872.02.4▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Back to profitnet €410k
Net result €410k after 3 loss-making years.
30-09
Financial
Equity above €500kEq €671k ▲157%
Equity rises from €262k to €671k.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €-284k
Net result drops to €-284k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €500kEq €634k ▲44.7%
4 profitable years in a row build equity to €634k.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-03
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.
Directors · office · real estate
Directors
4 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, Sint-Gillis-Waas · 3 establishment units since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Samelstraat(SGW) 55 B9170 Sint-Gillis-WaasGround area
7,420 m²
Building footprint
2,137 m²
Volume, LiDAR
13,960 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
FORUM OFFICE
since 20022.095.524.157
Hoogeindeken(GW) 8, 9170 Sint-Gillis-Waas
since 20122.327.948.827
Samelstraat(SGW) 55, 9170 Sint-Gillis-Waas
since 20222.327.948.926
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020E0545/00F003 | Flanders | 7,191 m² | 1 · 1,986 m² | 8.5 m · 2 fl. |
| 46020E0318/00D002 | Flanders | 228 m² | 1 · 150 m² | 10.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 4,650 EUR awarded · 4,650 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,650 EUR | 4,650 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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ARDENNE ELECTRO
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PROJECT BUSINESS INVESTMENT
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Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2001
Fiscal year end30-09
Activities, NACEBEL 2025
46472Wholesale trade
47551Retail sale of household furniture
43211General electrical installation work
43221Plumbing work
47793Retail sale of other second-hand goods, excluding clothing
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:03/3459053
Fax:03/3459054