Forax
Forax is a Belgium-based, private financial services firm founded in 2010 that issues tax-free fuel cards and provides VAT refund services to diplomatic missions, military organizations, and other tax-exempt institutional customers.
- Company typePrivate
- Founded2010
- HeadquartersZaventem, Belgium
- Headcount11–50
- GTM typeB2B
- OfferingServices
Forax firmographics
Firmographics- Name
- Forax
- Legal name
- Forax
- Website
- https://forax.eu
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Forax is a Belgium-based, private financial services firm founded in 2010 that issues tax-free fuel cards and provides VAT refund services to diplomatic missions, military organizations, and other tax-exempt institutional customers.
- Ownership category
- akta.pro rank
Forax industry classification
Industry- Product category
- Fuel Card & Tax Exemption Services
- SIC
- Services-Help Supply Services (7363)
- akta.pro primary industry
- Fleet Tax & Regulatory Reporting (IFTA/IRP, VAT/GST Fuel Reclaims) (TLABAMAH)
- akta.pro secondary industry
- VAT/GST Tax Recovery & Receipt Compliance (THACADAF)
Keywords
Where Forax is headquartered
LocationHeadquarters
- HQ city
- Zaventem
- HQ country
- Belgium
- HQ region
- Europe
Markets served
Forax business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D
Forax product offering
Product offeringCore offering
Forax provides diplomatic and military tax-free fuel cards and a VAT refund service. The company focuses on tax exceptions for eligible organizations and personnel, operating under the tagline "Tax exceptions done right." Its core activities center on facilitating tax-exempt purchases and reclaiming VAT for diplomatic missions, military entities, and related international organizations.
Differentiator
Problem solved
Functional benefit
Products and services
- Tax-Free Fuel Cards Fuel cards that enable diplomatic and military clients to purchase fuel without applicable taxes. Targeted at embassies, consulates, military bases, and other eligible international entities.
- VAT Refund Service Service that processes VAT refunds for eligible diplomatic and military clients, recovering value-added tax paid on qualifying purchases. Designed for international missions, military organizations, and accredited personnel.
Companies that use Forax
Customer profileIdeal customer profiles2 records
Forax technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Forax competitors and assessment
Company assessmentDirect peers
- DKV Mobility: One of Europe's largest fuel-card and toll-service providers, accepting tax-exempt and diplomatic-fuel arrangements across multiple countries. Directly comparable to Forax on the fuel-card side and meaningfully larger in scale.
- UTA Edenred: Pan-European fuel-card, toll, and tax-recovery network with embedded VAT-refund workflows. Comparable to Forax because it sells tax-aware fleet fueling products to commercial and institutional customers, including those with cross-border tax-exempt needs.
- Eurowag: Integrated fuel-card, toll, and tax-refund (VAT, excise) platform for European commercial fleets. Directly comparable to Forax's combination of fuel cards plus VAT/tax recovery services.
- E100: International fuel-card network spanning 60+ countries with VAT/refund handling. Comparable to Forax as a cross-border fuel-card operator serving customers who need tax-aware fueling outside their home jurisdiction.
- VATIT: Specialized VAT-recovery and tax-reclaim firm focused on international businesses and institutions. Directly comparable to Forax's VAT-refund service line for cross-border clients.
- Taxback International: Global VAT-recovery, tax-compliance, and refund services provider. Closely comparable to Forax's VAT-refund service, especially for cross-border/institutional clients.
- Global Blue: Tax-free shopping and VAT-refund specialist serving international travelers. Comparable to Forax because both monetize VAT/tax exceptions for internationally-mobile end customers.
- Ryan: Global tax services firm with a large dedicated VAT-recovery and refund practice for corporations and institutions. Comparable to Forax on the VAT-refund side and substantially larger in scale.
Broad incumbents
- WEX Inc. Large US-headquartered fuel-card and fleet payments platform with international exposure. Comparable to Forax on the fuel-card product but operates as a broad incumbent across many customer segments.
- FLEETCOR: Global B2B payments company with major fuel-card and toll product lines across Europe and beyond. Comparable to Forax as a fuel-card and vehicle-related expense operator, though much larger and broader in scope.
Market position
Customer concentration
Forax social profiles
Digital presenceForax financial estimates
Financial estimateRevenue estimate
Valuation estimate
Forax leadership team
Management profileNumber of profiles
Profiles1 record
Forax funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Forax M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Forax
What does Forax do?
Forax provides diplomatic and military tax-free fuel cards and a VAT refund service. The company focuses on tax exceptions for eligible organizations and personnel, operating under the tagline "Tax exceptions done right." Its core activities center on facilitating tax-exempt purchases and reclaiming VAT for diplomatic missions, military entities, and related international organizations.
When was Forax founded?
Forax was founded in 2010. It employs 11 to 50 people.
Where is Forax based?
Forax is headquartered in Zaventem, Belgium, in the Europe region.
Who are Forax's main competitors?
Direct peers on record are DKV Mobility, UTA Edenred, Eurowag, E100, VATIT, Taxback International, Global Blue and Ryan. Broad incumbents are WEX Inc. and FLEETCOR.
Does Forax have an API?
No public API is recorded for Forax.
What industry is Forax in?
Forax's product category is Fuel Card & Tax Exemption Services. Its primary akta.pro industry code is TLABAMAH, Fleet Tax & Regulatory Reporting (IFTA/IRP, VAT/GST Fuel Reclaims), with a secondary code of THACADAF, VAT/GST Tax Recovery & Receipt Compliance. Its SIC code is 7363.