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FOURNIPAC

Active
Non-profit associationfounded 1995active for 30 yearsRue Géron 14, 5300 Andenne, BelgiumKBO/BCE: BE 0457.234.739
Summary

FOURNIPAC has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335,681 and a net result of -€228,155. Equity is shrinking by about 15% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 11% of 661 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
FOURNIPACActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Social work activities without accommodation
NACE 88993
2nd largest company by total assets in Andenne, Health and social work sector2 sites
Size
€3.7mturnover 2025
Staff
95 FTE
Equity
€335,681
Deficit
-€228,155
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
16 members
Auditor: F.C.G. REVISEURS D'ENTREPRISES2025 accounts 101 days early
Why 90raises riskLoss of €228,155, the second in a row (financial year 2025)Equity €335,681 (11.0% of total assets)lowers riskLegal form: non-profit associationLiquidity: current ratio 1.02, cash €832,405Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 19% of its sector peers (NACE 88, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 36-11
equity 11.0% of total assets
Liquidity 59+11
short-term debt 49.9% · cash 27.3%
Profitability 17-9
return on assets -7.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (218 companies, NACE 88, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: 0.1%▲ +0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.02, compared with 0.8 in 2024, below the usual 1.5; short-term debt: 49.9% and cash: 27.3% of total assets), and 89% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 88, medium-sized): better than 7% on solvency, 40% on liquidity, 16% on profitability and 12% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Loss of €228,155, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.02, cash €832,405
NBB · annual accounts
raises risk · Equity €335,681 (11.0% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€228,155
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 661 sector peers (2025).
NBB · sector comparison
Position among 661 sector peers
Solvency
better than 11%
← weakest strongest →
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 21-04-2026, 101 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
101 days early
2024
15 days early
2023
7 days early
2022
68 days early
2021
81 days early
2020
44 days early
2019
11 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 44 days before the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 May (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: CZERWICE Jaroslaw (coopérateur et administrateur)Appointments: DRION Daniel, NAHON Gérard…
  3. Reappointment: Jarek CZERWICZE (director)Appointments: Anne AVAUX, Michel BIZAC…

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€228,155 View
  • Caution: Among the weakest 5% on net resultsector median €13,271 · 655 companies -€228,155 View
  • Board changedlatest change 23-03-2026 · 16 in office 3 joined · 1 left View
  • Caution: Equity fell in 2025from €614,369 to €335,681 ▼ 45.4% View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2025
Turnover
€3.7m
Loss
-€228,155
Solvency
11.0%
Turnover▼ 4.5%
Net result
20182025
Go to Financials

Board & ownership

Board
16 members
Auditor
F.C.G. REVISEURS D'ENTREPRISES
  • Monsieur Gérard NahonChair
  • François DevenijnDirector
  • Anne AVAUXDirector
  • Charles MELOTDirector
  • Dominique LOROYDirector

and 11 other directors

Go to Board & ownership

Timeline

Events
40
Since
2004
Next accounts
by 31-07-2027
  1. 16-07-2025Annual accounts filed
  2. 17-12-2024Resignation: Laurent Lambeets (fonction de direction)
  3. 04-12-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Social work activities without accommodationNACE 88993
Founded
14-12-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
59
Purpose
“Concevoir, organiser et réaliser avec son personnel la production et la commercialisation…” (deed in French)
Go to Articles of association

Key facts about FOURNIPAC

What is the company number of FOURNIPAC?
0457.234.739. In Belgium the VAT number is the company number with BE in front: BE 0457.234.739.
Where is FOURNIPAC based?
The registered office is at Rue Géron 14, 5300 Andenne.Company details
What does FOURNIPAC do?
According to the KBO register, the main activity is social work activities without accommodation (NACE 88993).
What is the legal form of FOURNIPAC?
Non-profit association (VZW).
When was FOURNIPAC founded?
On 14-12-1995.
Is FOURNIPAC still active?
Yes, FOURNIPAC is an active enterprise in the KBO register.
How many employees does FOURNIPAC have?
On average 95 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FOURNIPAC?
€3.7m in financial year 2025, according to the filed annual accounts.
Is FOURNIPAC profitable?
In financial year 2025, FOURNIPAC made a loss of €228,155.
Where can I find the annual accounts of FOURNIPAC?
FOURNIPAC filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FOURNIPAC due?
By 31-07-2027, for financial year 2026.Timeline

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