Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Late annual account NBB
Fiscal year 2025 was filed 216 days after the legal deadline.
Financials
Financial year 2025
FORWARD SPORTS from Grobbendonk, company number BE0673976685, closed financial year 2025 with a result of € -8,682 after tax. For that financial year FORWARD SPORTS recorded a gross margin of € 6,441 and equity of € -26,194. Compared with financial year 2024, the result moved from € -23,055 to € -8,682. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 3, 2026.
€ -26,194
▼ € 8,682 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,682
▲ 62 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,511
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -32,394.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,837
▲ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 75,692
▼ 6% vs 2024
€ 18,319 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 7,430
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,875
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,090 | € 19,917 | € 5,362 | € 6,441 | ▲ 20% |
| Profit after taxes | € -4,700 | € 7,814 | € -23,055 | € -8,682 | ▲ € 14,373 |
| Equity | € -2,270 | € 5,544 | € -17,511 | € -26,194 | ▼ € 8,682 |
| Total debts | € 321,653 | € 238,374 | € 168,861 | € 189,972 | ▲ 13% |
| Cash | € 27,571 | € 43,317 | € 3,314 | € 2,511 | ▼ 24% |
| Retained profit | € -8,470 | € -656 | € -23,711 | € -32,394 | ▼ € 8,682 |
| Bank debt | € 78,846 | € 78,846 | € 80,865 | € 75,692 | ▼ 6% |
| Balance sheet total | € 319,383 | € 243,917 | € 151,350 | € 163,779 | ▲ 8% |
Key figures of FORWARD SPORTS, 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 FORWARD SPORTS?
What happened at FORWARD SPORTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,682. filed late Source: NBB ↗
- New establishment in Grobbendonk. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,700 loss in 2022 to € 8,682 loss in 2025.
Paid € 524 in corporate taxes since 2022.
Best year ever: 2023, with € 7,814 profit.
Management
Behind FORWARD SPORTS is Tim Kermans.
Directors
According to the 2025 annual accounts
Tim Kermans
Director
Establishments
Establishment units
Physical locations of this company
Heirbaan 59
2280 Grobbendonk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0673.976.685
- VAT number
- BE 0673.976.685
- Registered office
- Heirbaan 59, 2280 Grobbendonk
- Names & denominations
- FORWARD SPORTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 2017
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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