FORRIM
ActiveFORRIM has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €578k and a net result of €33k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 378 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-6
Solvency57▼-1
Growth61=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.11 in 2024; short-term debt: 67.3% and cash: 0.6% of total assets), and 67.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · 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
32.5%
Return on assets
1.9%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
6 d early
2022
32 d early
2021
18 d early
2020
22 d early
2019
10 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.29M▼ 1.7%
2024 · €5.38M
2021: €5.60M
2022: €5.64M
2023: €4.67M
2024: €5.38M
2021 → 2025
EBIT margin
0.9%▼ 1.8pp
2024 · 2.7%
2021: 0.2%
2022: 0.6%
2023: 1.0%
2024: 2.7%
2021 → 2025
Net result
€33k▼ 66.7%
2024 · €99k
2018: €-339
2019: €17k
2020: €16k
2021: €10k
2022: €12k
2023: €9k
2024: €99k
2018 → 2025
Working capital
€176k▲ 34.2%
2024 · €131k
2018: €256k
2019: €213k
2020: €205k
2021: €258k
2022: €191k
2023: €-12k
2024: €131k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.60M-€5.64M▲ 0.8%€4.67M▼ 17.2%€5.38M▲ 15.2%€5.29M▼ 1.7%
Equity€464k-€467k▲ 0.5%€476k▲ 2.0%€575k▲ 20.9%€578k▲ 0.5%
Operating result€11k-€33k▲ 185%€46k▲ 40.3%€144k▲ 213%€47k▼ 67.0%
Net result€10k-€12k▲ 23.3%€9k▼ 25.6%€99k▲ 982%€33k▼ 66.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.78M
Fixed assets
€407k▼ 14.4%
Current assets
€1.37M▲ 6.4%
Equity and liabilities €1.78M
Equity
€578k▲ 0.5%
Debt
€1.20M▲ 0.9%
The debt ratio rises from 67.4% to 67.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173k▼
2024 · €273k
Cash flow
€159k▼
2024 · €228k
Solvency
32.5%▼
2024 · 32.6%
Current ratio
1.15▲
2024 · 1.11
Quick ratio
0.28▲
2024 · 0.24
Debt / equity
2.08▲
2024 · 2.07
ROE
5.7%▼
2024 · 17.3%
ROA
1.9%▼
2024 · 5.6%
Interest coverage
25.52▲
2024 · 23.95
Debt
€1.20M▲
2024 · €1.19M
Debt ≤ 1 year
€1.20M▲
2024 · €1.16M
Debt > 1 year
€4k▼
2024 · €31k
Income taxes
€15k▼
2024 · €39k
Staff costs
€751k▲
2024 · €746k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€1.78M▲
Fixed assets21/28€475k€407k▼
Tangible fixed assets22/27€475k€407k▼
Plant, machinery and equipment23€270k€178k▼
Furniture and vehicles24€32k€22k▼
Other tangible fixed assets26€173k€162k▼
Assets under construction and advance payments27-€44k
Current assets29/58€1.29M€1.37M▲
Stocks and contracts in progress3€1.02M€1.04M▲
Stocks30/36€1.02M€1.04M▲
Raw materials and consumables30/31€222k€272k▲
Goods purchased for resale34€795k€766k▼
Amounts receivable within one year40/41€240k€308k▲
Trade receivables40€80k€202k▲
Other amounts receivable41€161k€106k▼
Cash at bank and in hand54/58€28k€12k▼
Deferred charges and accrued income490/1€7k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.77M€1.78M▲
Equity10/15€575k€578k▲
Contributions10/11€50k€50k=
Reserves13€525k€528k▲
Distributable reserves133€525k€528k▲
Amounts payable17/49€1.19M€1.20M▲
Amounts payable after more than one year17€31k€4k▼
Financial debts170/4€31k€4k▼
Credit institutions173€31k€4k▼
Amounts payable within one year42/48€1.16M€1.20M▲
Current portion of amounts payable after more than one year42€26k€26k▲
Financial debts43€213k€125k▼
Credit institutions430/8€213k€125k▼
Trade debts44€809k€723k▼
Suppliers440/4€809k€723k▼
Taxes, remuneration and social security45€112k€149k▲
Taxes450/3€19k€47k▲
Remuneration and social security454/9€93k€102k▲
Other amounts payable47/48€0€175k▲
Accrued charges and deferred income492/3€185€0▼
Income statement
Code20242025
Operating income70/76A€5.40M€5.31M▼
Turnover70€5.38M€5.29M▼
Other operating income74€10k€17k▲
Non-recurring operating income76A€7k€7k▼
Operating charges60/66A€5.25M€5.27M▲
Goods for resale, raw materials and consumables60€3.91M€3.82M▼
Purchases600/8€3.75M€3.83M▲
Change in stocks: decrease (increase)609€159k€-5k▼
Services and other goods61€472k€584k▲
Remuneration, social security and pensions62€746k€751k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129k€125k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-22k€-17k▲
Other operating charges640/8€16k€2k▼
Non-recurring operating charges66A€0-
Operating profit (loss)9901€144k€47k▼
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Income from current assets751€6k€6k▼
Other financial income752/9€2k€3k▲
Financial charges65/66B€13k€9k▼
Recurring financial charges65€13k€9k▼
Debt charges650€11k€7k▼
Other financial charges652/9€2k€2k▲
Profit (loss) for the period before taxes9903€139k€48k▼
Income taxes67/77€39k€15k▼
Taxes670/3€39k€15k▼
Tax adjustments and reversals of tax provisions77-€25
Profit (loss) for the period9904€99k€33k▼
Profit (loss) for the period to be appropriated9905€99k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€33k▼
Transfer to equity691/2€99k€3k▼
To other reserves6921€99k€3k▼
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
Social balance
Average headcount (FTE)908712.111.9▼
The notes to these accounts (77 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
2026
31-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge10 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge10 facts ▸
- General meeting, 03/06/2026
- Director resignation, Muno BV (bestuurder)
- Director resignation, Wevano BV (bestuurder)
- Director discharge, Muno BV
- Director discharge, Wevano BV
- Director appointment, Muno BV (niet-statutaire bestuurder)
- Permanent representative, Michaël Paul De Ruijter
- Permanent representative, Nicolaas Cornelis Maria Jacobs (plaatsvervangend vast vertegenwoordiger)
- Director appointment, Wevano BV (dagelijks bestuurder)
- Permanent representative, Geert Mertens
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €99k ▲982%
Operating result €144k, net result €99k, both a record.
31-12
Financial
Equity above €500kEq €575k ▲20.9%
6 profitable years in a row build equity to €575k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
MUNO
CurrentNon-statutory director · since 03-06-2026 · Private limited company
WEVANO
CurrentDagelijks bestuurder · since 03-06-2026 · Private limited company · perm. rep.: Geert Mertens
03-06-2026
MUNO: Resigned as Director
03-06-2026
MUNO: Appointed as Non-statutory director
03-06-2026
WEVANO: Appointed as Dagelijks bestuurder
03-06-2026
WEVANO: Resigned as Director
Location & real-estate footprint
Registered office, Ieper · 2 establishment units since 1996
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.
Rozendaalstraat 208900 IeperGround area
8,629 m²
Building footprint
4,295 m²
Volume, LiDAR
26,846 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rozendaalstraat 20, 8900 Ieper
since 19962.033.952.517
Maaldestedestraat 51, 8902 Ieper
since 20142.237.876.211
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33036A0269/00S004 | Flanders | 6,610 m² | 1 · 2,284 m² | 9.5 m · 2 fl. |
| 33305B0993/00D002 | Flanders | 2,018 m² | 1 · 2,011 m² | 8.0 m · 2 fl. |
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.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 257 EUR awarded · 257 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 257 EUR | 257 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
August Michiels
BE 0418.241.036
Geel · Eq €578k
SABAN AUTO
BE 0673.563.248
Quaregnon · Eq €578k
AUTOSCHADE GUNTHER BROCKEN
BE 0822.296.714
Beveren-Kruibeke-Zwijndrecht · Eq €579k
GARAGE des ARDENNES
BE 0416.586.195
Bièvre · Eq €580k
CARBON
BE 0417.154.141
Mons · Eq €577k
Of 10,679 companies in sector 47811 we hold annual accounts for 5,225. 3,366 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1987
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50103
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@forrez.com