ACTIVE

FORUM

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Financial year 2024 · closed on 31/12/2024

Net result

22,8 k €

+117.7% YoY

Gross margin

1 M €

+2.7% YoY

Equity

5,1 M €

+0.4% YoY

Workforce

21,2 ETP

-19.4% YoY

What does FORUM do?

FORUM is a Public limited company incorporated in 1975. Its main activity is: Manufacture of furniture. Its registered office is in Roeselare. It employs on average 21,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.091.605

Incorporation

20/05/1975

Legal form

Public limited company

Registered office

Meensesteenweg 608
8800 Roeselare · FlandreSee on map

Contributed capital

600 000,00 €

Latest accounts

31/12/2024

Average workforce

21,2 ETP

Activities (NACE)

31002Manufacture of furniture· main 31020Manufacture of kitchen furniture 47551Retail sale of other household equipment in specialised stores 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 31004Manufacture of furniture 31091Manufacture of other furniture

Joint committees (3)

14901
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	+2.7%	1 M €	-8.9%	1,1 M €	-8.3%	1,2 M €	+0.7%	1,2 M €	-18.4%	1,5 M €	+19.6%	1,2 M €	-12.4%	1,4 M €	-13.1%	1,6 M €		–		–		–		–		–		–		–		3,4 M €	+8.1%	3,2 M €	+19.1%	2,7 M €
EBITDA	-240,5 k €	+33.4%	-361,2 k €	-66.1%	-217,5 k €	+8.8%	-238,5 k €	-2120%	11,8 k €	+105%	-233,3 k €	+52.2%	-488 k €	-260%	-135,7 k €	-177%	176,7 k €	-15.9%	210,1 k €	+5.5%	199,1 k €	+929%	-24 k €	-113%	186,8 k €	-66.5%	557,4 k €	-25.2%	745,6 k €	+61.9%	460,5 k €	-5.8%	488,8 k €	-18.0%	596,4 k €	-12.1%	678,4 k €
Operating result	-243,4 k €	+33.7%	-367,4 k €	-58.6%	-231,7 k €	+8.4%	-253 k €	-5127%	-4,8 k €	+98.1%	-249,1 k €	+49.5%	-492,8 k €	-253%	-139,6 k €	-183%	168,7 k €	-17.2%	203,8 k €	+14.1%	178,6 k €	+638%	-33,2 k €	-119%	170,9 k €	-68.7%	545,8 k €	-25.8%	735 k €	+64.8%	446 k €	-5.7%	473,1 k €	-17.8%	575,8 k €	-12.1%	654,7 k €
Net result	22,8 k €	+118%	-128,9 k €	+11.2%	-145,2 k €	+27.1%	-199,1 k €	-490%	51 k €	+128%	-183,7 k €	+37.0%	-291,5 k €	-883%	37,2 k €	-85.6%	257,7 k €	-4.4%	269,5 k €	+20.6%	223,5 k €	+446%	41 k €	-75.2%	165,4 k €	-65.0%	473,1 k €	-19.6%	588,6 k €	+49.3%	394,3 k €	-0.4%	396 k €	-14.5%	463,4 k €	-7.3%	499,8 k €
Balance sheet
Equity	5,1 M €	+0.4%	5,1 M €	-2.5%	5,3 M €	-2.7%	5,4 M €	-3.6%	5,6 M €	+0.9%	5,5 M €	-3.2%	5,7 M €	-4.8%	6 M €	+0.6%	6 M €	-0.7%	6 M €	+2.2%	5,9 M €	+3.9%	5,7 M €	+0.7%	5,6 M €	+3.0%	5,5 M €	+9.5%	5 M €	+13.4%	4,4 M €	+9.8%	4 M €	+11.0%	3,6 M €	+14.7%	3,1 M €
Total assets	6 M €	+6.3%	5,7 M €	-5.7%	6 M €	-0.2%	6 M €	-5.4%	6,4 M €	-3.2%	6,6 M €	-3.7%	6,8 M €	-8.0%	7,4 M €	+3.8%	7,2 M €	+3.2%	6,9 M €	-6.0%	7,4 M €	+13.6%	6,5 M €	-11.0%	7,3 M €	+12.3%	6,5 M €	+1.8%	6,4 M €	+10.2%	5,8 M €	+13.3%	5,1 M €	+10.6%	4,6 M €	+12.2%	4,1 M €
Cash	422,6 k €	+153%	167,2 k €	-31.8%	245,2 k €	+120%	111,3 k €	-60.3%	280,6 k €	+127%	123,8 k €	-31.5%	180,6 k €	-36.7%	285,4 k €	-8.1%	310,6 k €	-49.5%	615 k €	-76.1%	2,6 M €	+551%	394,8 k €	-15.9%	469,2 k €	-71.4%	1,6 M €	+4.0%	1,6 M €	+124%	704 k €	+49.7%	470,2 k €	-78.4%	2,2 M €	+5.8%	2,1 M €
Debts	898,8 k €	+60.5%	560 k €	-27.8%	775,3 k €	+21.2%	639,7 k €	-18.9%	788,4 k €	-25.1%	1,1 M €	-6.2%	1,1 M €	-21.5%	1,4 M €	+20.0%	1,2 M €	+28.6%	925,4 k €	-38.2%	1,5 M €	+81.8%	824,2 k €	-50.5%	1,7 M €	+59.3%	1 M €	-25.5%	1,4 M €	+0.3%	1,4 M €	+34.1%	1 M €	+2.4%	1 M €	+4.0%	978,4 k €
Other
Workforce	21,2 ETP	-19.4%	26,3 ETP	-13.2%	30,3 ETP	-10.1%	33,7 ETP	-4.5%	35,3 ETP	-9.3%	38,9 ETP	-0.5%	39,1 ETP	+7.7%	36,3 ETP	+5.5%	34,4 ETP	-14.6%	40,3 ETP	-13.9%	46,8 ETP	-0.4%	47,0 ETP	+3.1%	45,6 ETP	-44.5%	82,2 ETP	-4.4%	86,0 ETP	+0.5%	85,6 ETP	+3.0%	83,1 ETP	+10.2%	75,4 ETP	+17.6%	64,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Danny Kerkchof

Managing director

Active

ESBELD

Director · 0479.762.493

Represented by Didier Kerckhof

Active

Ended mandates

Daniël Kerckhof

Director · since 05 juin 2009 · until 05 juin 2015

Ended

Danny Kerckhof

Managing director · since 05 juin 2009 · until 05 juin 2015

Ended

ESBELD

Director · since 05 juin 2009 · until 05 juin 2015 · 0479.762.493

Represented by Didier Kerckhof

Ended

ESBELD

Director · since 05 juin 2009 · until 05 juin 2015 · 0479.762.493

Represented by Didier Kerckhof

Ended

At this address

Other companies at this address

Company	CBE no.
BEL-EURO-PA-INVEST● Active	0885.981.865
BISTRO D● Active	0688.959.029
BLIS● Active	1025.925.151
D.D.D.-INVEST● Active	0461.314.083
DEBELS● Active	0405.326.574
ESBELD● Active	0479.762.493
ESBELD-GROEP● Active	0831.025.031
Esbeld Trans● Active	0507.748.478
EURO - CAFETARIA● Active	0419.075.434
EURO-PA-INVEST● Active	0439.608.849
EURO-PA-INVESTMENT● Active	0691.828.150
Euro shop● Active	0405.574.123
EURO SHOPPING● Active	0471.503.736
EURO SHOP ROESELARE● Active	0841.440.851
Finlandia● Active	0412.576.533
FORT● Active	0400.840.919
IMMO EURO● Active	0452.496.090
Kerant● Active	0440.902.018
L'ENTREPOT● Bankrupt	0751.532.442
PANS● Active	0427.112.675

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2025	30/08/2024	12/07/2023	22/07/2022	19/07/2021	27/08/2020
General meeting	27/06/2025	29/06/2024	29/06/2023	30/06/2022	30/06/2021	30/07/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/07/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	28/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	20/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	29/07/2015	Dutch	PDF
Full model	31/12/2013	15/06/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	27/08/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	10/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	22/07/2011	Dutch	PDF
Full model	31/12/2009	04/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	26/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Danny Kerkchof

Managing director

Active

ESBELD

Director · 0479.762.493

Represented by Didier Kerckhof

Active

Ended mandates

Daniël Kerckhof

Director · since 05 juin 2009 · until 05 juin 2015

Ended

Danny Kerckhof

Managing director · since 05 juin 2009 · until 05 juin 2015

Ended

ESBELD

Director · since 05 juin 2009 · until 05 juin 2015 · 0479.762.493

Represented by Didier Kerckhof

Ended

ESBELD

Director · since 05 juin 2009 · until 05 juin 2015 · 0479.762.493

Represented by Didier Kerckhof

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates10/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/05/2004
BENAMING - KAPITAAL - AANDELEN - BOEKJAAR - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/10/2003
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202422,8 k €↑
2023
Annual accounts 2023-128,9 k €↑
2022
Annual accounts 2022-145,2 k €↑
2021
Annual accounts 2021-199,1 k €↓
2020
Annual accounts 202051 k €↑
2019
Annual accounts 2019-183,7 k €↑
2018
Annual accounts 2018-291,5 k €↓
2017
Annual accounts 201737,2 k €↓
2016
Annual accounts 2016257,7 k €↓
2015
Annual accounts 2015269,5 k €↑
2014
Annual accounts 2014223,5 k €↑
2013
Annual accounts 201341 k €↓
2012
Annual accounts 2012165,4 k €↓
2011
Annual accounts 2011473,1 k €↓
2010
Annual accounts 2010588,6 k €↑
2009
Annual accounts 2009394,3 k €↓
2008
Annual accounts 2008396 k €↓
2007
Annual accounts 2007463,4 k €↓
2006
Annual accounts 2006499,8 k €
20/05/1975
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FORUM

Overview

What does FORUM do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline