Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FORX from Torhout, company number BE0651901960, closed financial year 2025 with a result of € 49,206 after tax. For that financial year FORX recorded a gross margin of € 250,863 and equity of € 154,408. Compared with financial year 2024, the result moved from € 32,278 to € 49,206. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 6, 2026.
€ 154,408
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 49,206
▲ 52% vs 2024
Profit after tax over the fiscal year.
€ 58,687
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 49,000 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
1.3
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 78,989
▲ 28% vs 2024
€ 60,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 79,755
▼ 33% vs 2024
Of which on lease € 48,835.
Debts at end 2025
€ 491,200
▲ 8% vs 2024
€ 87,220 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 134,436
▲ € 110,799 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,729
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 244,412 | € 221,925 | € 250,863 | ▲ 13% |
| Profit after taxes | € 94,349 | € 32,278 | € 49,206 | ▲ 52% |
| Equity | € 153,523 | € 154,203 | € 154,408 | |
| Total debts | € 815,375 | € 622,708 | € 752,732 | ▲ 21% |
| Cash | € 127,841 | € 108,376 | € 58,687 | ▼ 46% |
| Land & buildings | € 3,382 | € 1,632 | € 9,991 | ▲ € 8,359 |
| Retained profit | € 118,523 | € 119,203 | € 119,408 | |
| Dividend | € 94,000 | € 32,000 | € 49,000 | ▲ 53% |
| Bank debt | € 521,263 | € 453,420 | € 491,200 | ▲ 8% |
| Balance sheet total | € 968,898 | € 776,911 | € 907,140 | ▲ 17% |
| Employees (FTE) | - | 1.1 | 1.3 | ▲ 0.2 |
Key figures of FORX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to FORX?
What happened at FORX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 49,206 (▲ 52% vs 2024). filed late Source: NBB ↗
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 94,349 profit in 2022 to € 49,206 profit in 2025.
Paid € 7,081 in corporate taxes since 2022.
Best year ever: 2022, with € 94,349 profit.
On average € 193,000 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Director · represented by Dekoninck Piet
Establishments
Establishment units
Physical locations of this company
Oude Gentweg 75
8820 Torhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
DNS
TransIP DNS
Website info
Features
Security
Details
- Company number
- 0651.901.960
- VAT number
- BE 0651.901.960
- Registered office
- Oude Gentweg 75, 8820 Torhout
- Names & denominations
- FORX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 2016
- Peppol
- Active · Active since 5 Jan 2026
- Contact
- forx.be
- Activities · NACE
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