FORREZ VLAANDEREN
ActiveFORREZ VLAANDEREN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.43M and a net result of €234k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 57% of 378 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+27
Solvency72▼-2
Growth48▲+18
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.85 in 2024; short-term debt: 50.7% and cash: 4.6% of total assets), but 53.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
46.8%
Return on assets
2.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
20 d early
2023
35 d early
2022
28 d early
2021
27 d early
2020
22 d early
2019
47 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€15.37M▲ 6.6%
2024 · €14.42M
2019: €16.67M
2020: €15.30M
2021: €14.59M
2022: €14.23M
2023: €14.97M
2024: €14.42M
2019 → 2025
EBIT margin
1.2%▲ 2.4pp
2024 · -1.2%
2019: -0.3%
2020: 0.0%
2021: 2.0%
2022: 0.7%
2023: 1.1%
2024: -1.2%
2019 → 2025
Net result
€234k▲ 2,741%
2024 · €8k
2019: €11k
2020: €38k
2021: €264k
2022: €124k
2023: €155k
2024: €8k
2019 → 2025
Working capital
€3.68M▲ 2.7%
2024 · €3.59M
2019: €4.44M
2020: €4.49M
2021: €4.58M
2022: €4.61M
2023: €4.52M
2024: €3.59M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14.59M-€14.23M▼ 2.5%€14.97M▲ 5.2%€14.42M▼ 3.7%€15.37M▲ 6.6%
Equity€5.09M-€5.21M▲ 2.3%€5.36M▲ 3.0%€4.37M▼ 18.5%€4.43M▲ 1.3%
Operating result€297k-€102k▼ 65.7%€158k▲ 55.0%€-173k€190k
Net result€264k-€124k▼ 53.1%€155k▲ 24.9%€8k▼ 94.7%€234k▲ 2,741%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €190k after a loss of €173k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.46M
Fixed assets
€978k▼ 7.0%
Current assets
€8.48M▲ 8.9%
Equity and liabilities €9.46M
Equity
€4.43M▲ 1.3%
Provisions
€19k
Debt
€5.01M▲ 12.2%
The debt ratio rises from 50.5% to 53.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€378k▲
2024 · €20k
Cash flow
€422k▲
2024 · €201k
Solvency
46.8%▼
2024 · 49.5%
Current ratio
1.77▼
2024 · 1.85
Quick ratio
1.39▼
2024 · 1.44
Debt / equity
1.13▲
2024 · 1.02
ROE
5.3%▲
2024 · 0.2%
ROA
2.5%▲
2024 · 0.1%
Interest coverage
4.29▲
2024 · 0.27
Debt
€5.01M▲
2024 · €4.47M
Debt ≤ 1 year
€4.80M▲
2024 · €4.20M
Debt > 1 year
€183k▼
2024 · €227k
Income taxes
€69k▲
2024 · €2k
Staff costs
€2.15M=
2024 · €2.15M
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€8.84M€9.46M▲
Fixed assets21/28€1.05M€978k▼
Tangible fixed assets22/27€1.05M€978k▼
Land and buildings22€15k€13k▼
Plant, machinery and equipment23€233k€188k▼
Furniture and vehicles24€120k€84k▼
Leasing and similar rights25€74k€59k▼
Other tangible fixed assets26€609k€634k▲
Assets under construction and advance payments27€0-
Current assets29/58€7.79M€8.48M▲
Stocks and contracts in progress3€1.74M€1.79M▲
Stocks30/36€1.74M€1.79M▲
Goods purchased for resale34€1.74M€1.79M▲
Amounts receivable within one year40/41€5.80M€6.21M▲
Trade receivables40€1.88M€1.60M▼
Other amounts receivable41€3.92M€4.61M▲
Cash at bank and in hand54/58€200k€438k▲
Deferred charges and accrued income490/1€41k€43k▲
Equity and liabilities
Total equity and liabilities10/49€8.84M€9.46M▲
Equity10/15€4.37M€4.43M▲
Contributions10/11€465k€465k=
Capital10€465k€465k=
Issued capital100€465k€465k=
Outside capital11€4€4=
Share premium1100/10€4€4=
Reserves13€3.91M€3.97M▲
Non-distributable reserves130/1€47k€47k=
Legal reserve130€47k€47k=
Tax-exempt reserves132€127k€183k▲
Distributable reserves133€3.73M€3.74M▲
Provisions and deferred taxes16-€19k
Deferred taxes168-€19k
Amounts payable17/49€4.47M€5.01M▲
Amounts payable after more than one year17€227k€183k▼
Financial debts170/4€227k€183k▼
Leasing and similar obligations172€48k€22k▼
Credit institutions173€179k€161k▼
Amounts payable within one year42/48€4.20M€4.80M▲
Current portion of amounts payable after more than one year42€113k€126k▲
Financial debts43€1.35M€1.95M▲
Credit institutions430/8€1.35M€1.95M▲
Trade debts44€860k€1.52M▲
Suppliers440/4€860k€1.52M▲
Advances received on contracts in progress46€426k€599k▲
Taxes, remuneration and social security45€451k€427k▼
Taxes450/3€95k€59k▼
Remuneration and social security454/9€356k€368k▲
Other amounts payable47/48€1.00M€175k▼
Accrued charges and deferred income492/3€39k€29k▼
Income statement
Code20242025
Operating income70/76A€14.63M€15.63M▲
Turnover70€14.42M€15.37M▲
Other operating income74€199k€157k▼
Non-recurring operating income76A€13k€101k▲
Operating charges60/66A€14.80M€15.44M▲
Goods for resale, raw materials and consumables60€10.43M€11.10M▲
Purchases600/8€10.04M€11.12M▲
Change in stocks: decrease (increase)609€384k€-24k▼
Services and other goods61€2.05M€2.01M▼
Remuneration, social security and pensions62€2.15M€2.15M=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193k€188k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-42k€-20k▲
Other operating charges640/8€29k€15k▼
Operating profit (loss)9901€-173k€190k▲
Financial income75/76B€275k€240k▼
Recurring financial income75€275k€240k▼
Income from current assets751€244k€207k▼
Other financial income752/9€31k€33k▲
Financial charges65/66B€92k€108k▲
Recurring financial charges65€92k€108k▲
Debt charges650€75k€88k▲
Other financial charges652/9€17k€20k▲
Profit (loss) for the period before taxes9903€10k€322k▲
Transfer from deferred taxes780-€244
Transfer to deferred taxes680-€19k
Income taxes67/77€2k€69k▲
Taxes670/3€4k€69k▲
Tax adjustments and reversals of tax provisions77€2k€0▼
Profit (loss) for the period9904€8k€234k▲
Transfer from tax-exempt reserves789-€731
Transfer to tax-exempt reserves689€5k€56k▲
Profit (loss) for the period to be appropriated9905€3k€178k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€178k▲
Transfer from equity791/2€1.00M€0▼
From reserves792€1.00M€0▼
Transfer to equity691/2€3k€3k▲
To other reserves6921€3k€3k▲
Profit to be distributed694/7€1.00M€175k▼
Return on contributions (dividend)694€1.00M€175k▼
Social balance
Average headcount (FTE)908732.932.6▼
The notes to these accounts (80 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 discharge13 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge13 facts ▸
- General meeting, 2026-06-03
- Director resignation, Muno BV (bestuurder)
- Director resignation, Wevano BV (bestuurder)
- Director discharge, Muno BV (bestuurder)
- Director discharge, Wevano BV (bestuurder)
- Director appointment, Muno BV (niet-statutaire bestuurder)
- Permanent representative, Michaël Paul De Ruijter
- Permanent representative, Nicolaas Cornelis Maria Jacobs (plaatsvervangend vast vertegenwoordiger)
- Board meeting, 2026-06-03
- Director resignation, Muno BV (dagelijks bestuurder)
- Director resignation, Wevano BV (dagelijks bestuurder)
- Director appointment, Wevano BV (dagelijks bestuurder)
- +1 further facts in this act
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €8k ▼94.7%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €264k ▲589%
Operating result €297k, net result €264k, both a record.
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-09
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 Dagelijks bestuurder
03-06-2026
MUNO: Resigned as Director
03-06-2026
MUNO: Appointed as Non-statutory director
03-06-2026
WEVANO: Resigned as Director
03-06-2026
WEVANO: Resigned as Dagelijks bestuurder
03-06-2026
WEVANO: Appointed as Dagelijks bestuurder
Location & real-estate footprint
Registered office, Ieper · 5 establishment units since 2005
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.
Maaldestedestraat 518902 IeperGround area
1.5 ha
Building footprint
6,359 m²
Volume, LiDAR
38,281 m³
5 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
5 establishment units
FORREZ
since 20052.145.594.270
FORREZ
since 20052.145.594.369
FORREZ
since 20052.145.594.468
FORREZ
since 20052.145.594.765
FORREZ VLAANDEREN
since 20112.202.707.474
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33036A0269/00S004 | Flanders | 6,610 m² | 1 · 2,284 m² | 9.5 m · 2 fl. |
| 34023B0934/00X000 | Flanders | 3,096 m² | 1 · 1,141 m² | 7.3 m · 2 fl. |
| 32472B0589/00T002 | Flanders | 2,347 m² | 1 · 475 m² | 7.2 m · 2 fl. |
| 33305B0993/00D002 | Flanders | 2,018 m² | 1 · 2,011 m² | 8.0 m · 2 fl. |
| 36007B0955/00A003 | Flanders | 587 m² | 1 · 448 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 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
2022 to 2025 · 7 entries · 11,908 EUR awarded · 11,908 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,411 EUR | 4,411 EUR |
| 2024 | 2 | 2,024 EUR | 2,024 EUR |
| 2023 | 1 | 2,132 EUR | 2,132 EUR |
| 2022 | 2 | 3,341 EUR | 3,341 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Werkbaarheidscheque (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 9 endedBandenmonteur (vwo)
Bandenmonteur (vwo)
Bandenmonteur duaal (so)
Bandenmonteur duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
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FORREZ BANDEN - FORREZ PNEUS
BE 0425.610.759
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AUTO - ONDERDELEN TAS LUC
BE 0420.138.474
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BUGA-LIMBURG
BE 0412.985.022
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Of 2,443 companies in sector 47820 we hold annual accounts for 776. 165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-02-2005
Fiscal year end31-03
Activities, NACEBEL
47820Retail sale of motor vehicle parts and accessories
50302
95315Tyre services
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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
9 entriesE-mail:info@forrez.com
Phone:02/202207
Fax:057/208427
Phone:057/205353
Fax:057/221689
Phone:056/353883
Fax:056/373586
Phone:051/501266
Fax:051/510383