ACTIVE

Fortim

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Financial year 2025 · closed on 31/12/2025

Net result

-4,1 k €

-103.2% YoY

Gross margin

4,8 k €

-96.7% YoY

Equity

195,1 k €

-2.1% YoY

What does Fortim do?

Fortim is a Public limited company incorporated in 1976. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.166.811

Incorporation

22/12/1976

Legal form

Public limited company

Registered office

Galerie Ravenstein 3 box 9
1000 Bruxelles · BruxellesSee on map

Contributed capital

247 893,52 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,8 k €	-96.7%	145,9 k €	-57.7%	344,9 k €	+663%	45,2 k €	+0.6%	45,0 k €	-87.3%	354,6 k €	+715%	43,5 k €	+746%	-6,7 k €	+53.2%	-14,4 k €	+69.3%	-46,9 k €	+9.9%	-52,1 k €	-44.6%	-36,0 k €	-112%	295,1 k €	-11.3%	332,8 k €	+310%	81,2 k €	+218%	-68,7 k €	-214%	-21,9 k €	-44.7%	-15,1 k €	+17.0%	-18,2 k €	-229%	-5,5 k €
EBITDA	-8,1 k €	-106%	145,5 k €	-57.8%	344,5 k €	+668%	44,9 k €	+0.6%	44,6 k €	-87.0%	342,1 k €	+693%	43,2 k €	+710%	-7,1 k €	+51.9%	-14,7 k €	+68.8%	-47,2 k €	+10.0%	-52,5 k €	-44.0%	-36,4 k €	-112%	294,7 k €	-11.3%	332,3 k €	+313%	80,4 k €	+217%	-68,7 k €	-208%	-22,3 k €	-43.5%	-15,6 k €	+19.8%	-19,4 k €	-112%	160,2 k €
Operating result	-8,1 k €	-106%	145,5 k €	-57.8%	344,5 k €	+668%	44,9 k €	+0.6%	44,6 k €	-87.0%	342,1 k €	+693%	43,2 k €	+710%	-7,1 k €	+51.9%	-14,7 k €	+68.8%	-47,2 k €	+10.0%	-52,5 k €	-44.0%	-36,4 k €	-112%	294,7 k €	-11.3%	332,3 k €	+313%	80,4 k €	+217%	-68,7 k €	-208%	-22,3 k €	-43.5%	-15,6 k €	+19.8%	-19,4 k €	-112%	160,2 k €
Net result	-4,1 k €	-103%	130,4 k €	-61.1%	335,0 k €	+861%	34,9 k €	+63.5%	21,3 k €	-92.9%	299,8 k €	+15199%	-2,0 k €	+96.0%	-49,9 k €	+5.9%	-53,0 k €	+34.3%	-80,7 k €	-0.7%	-80,2 k €	-11.4%	-72,0 k €	-128%	256,6 k €	-7.9%	278,5 k €	+1369%	19,0 k €	+116%	-119,4 k €	-37.5%	-86,8 k €	-20.0%	-72,4 k €	-8.7%	-66,6 k €	-171%	94,4 k €
Balance sheet
Equity	195,1 k €	-2.1%	199,2 k €	+190%	68,8 k €	+126%	-266,2 k €	+11.6%	-301,1 k €	+6.6%	-322,4 k €	+48.2%	-622,2 k €	-0.3%	-620,2 k €	-8.8%	-570,3 k €	-10.3%	-517,3 k €	-18.5%	-436,5 k €	-22.5%	-356,3 k €	-25.3%	-284,3 k €	+47.4%	-541,0 k €	+34.0%	-819,5 k €	+2.3%	-838,5 k €	-16.6%	-719,1 k €	-13.7%	-632,3 k €	-12.9%	-559,9 k €	-13.5%	-493,3 k €
Total assets	195,6 k €	-34.6%	299,1 k €	-30.5%	430,6 k €	+594%	62,0 k €	-44.9%	112,6 k €	+1730%	6,2 k €	-75.8%	25,4 k €	-17.9%	30,9 k €	+15.7%	26,7 k €	+66.2%	16,1 k €	+14.3%	14,1 k €	+1086%	1,2 k €	-92.4%	15,7 k €	+472%	2,7 k €	-79.8%	13,5 k €	+26.2%	10,7 k €	+623%	1,5 k €	-74.2%	5,7 k €	-38.9%	9,4 k €	-4.3%	9,8 k €
Cash	2,8 k €	-70.8%	9,6 k €	-9.4%	10,6 k €	-82.9%	62,0 k €	-0.9%	62,6 k €	+917%	6,2 k €	-53.7%	13,3 k €	+2234%	569,3 €	-72.6%	2,1 k €	-47.7%	4,0 k €	+205%	1,3 k €	+10.2%	1,2 k €	-48.8%	2,3 k €	-15.5%	2,7 k €	-79.8%	13,5 k €	+1764%	726,4 €	-51.0%	1,5 k €	-70.2%	5,0 k €	+672427%	0,7 €	-94.9%	14,5 €
Debts	508,5 €	-99.5%	99,9 k €	-72.4%	361,8 k €	+10.2%	328,2 k €	-20.7%	413,7 k €	+25.9%	328,6 k €	-49.3%	647,6 k €	-0.5%	651,1 k €	+9.1%	597,0 k €	+11.9%	533,3 k €	+18.4%	450,6 k €	+26.0%	357,5 k €	+19.2%	300,0 k €	-44.8%	543,7 k €	-34.7%	833,0 k €	-1.9%	849,2 k €	+17.8%	720,6 k €	+12.9%	638,0 k €	+12.2%	568,6 k €	+20.1%	473,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Michael Lisman

Director · since 20 mars 2025 · until 20 mars 2031

Active

Tom Eeckhout

Director · since 20 mars 2025 · until 20 mars 2031

Active

Ended mandates

Fintea Management & Consulting Services

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0895.863.789

Represented by Tom Eeckhout

Ended

Falcon Capital BO

Director · since 01 décembre 2018 · until 30 novembre 2024 · 5300009627

Represented by Michael Lisman

Ended

ROBELCO

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0473.652.087

Represented by Capital Falcon

Ended

Falcon Capital

Director · since 01 janvier 2014 · until 31 décembre 2019 · 5300009627

Represented by Jan David Lisman

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	29/09/2025	10/07/2024	30/08/2023	31/08/2022	31/08/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	13/05/2025	29/09/2025	Dutch	PDF
Abridged model	31/12/2023	14/05/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/05/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	10/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	21/07/2020	09/10/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	12/05/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	13/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	11/09/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	12/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	01/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2025 · 2 active · 19 ended

Active mandates

Michael Lisman

Director · since 20 mars 2025 · until 20 mars 2031

Active

Tom Eeckhout

Director · since 20 mars 2025 · until 20 mars 2031

Active

Ended mandates

Fintea Management & Consulting Services

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0895.863.789

Represented by Tom Eeckhout

Ended

Falcon Capital BO

Director · since 01 décembre 2018 · until 30 novembre 2024 · 5300009627

Represented by Michael Lisman

Ended

ROBELCO

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0473.652.087

Represented by Capital Falcon

Ended

Falcon Capital

Director · since 01 janvier 2014 · until 31 décembre 2019 · 5300009627

Represented by Jan David Lisman

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/05/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/12/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2009
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

2025
Annual accounts 2025-4,1 k €↓
2024
Annual accounts 2024130,4 k €↓
2023
Annual accounts 2023335,0 k €↑
2022
Annual accounts 202234,9 k €↑
2021
Annual accounts 202121,3 k €↓
2020
Annual accounts 2020299,8 k €↑
2019
Annual accounts 2019-2,0 k €↑
2018
Annual accounts 2018-49,9 k €↑
2017
Annual accounts 2017-53,0 k €↑
2016
Annual accounts 2016-80,7 k €↓
2015
Annual accounts 2015-80,2 k €↓
2014
Annual accounts 2014-72,0 k €↓
2013
Annual accounts 2013256,6 k €↓
2012
Annual accounts 2012278,5 k €↑
2011
Annual accounts 201119,0 k €↑
2010
Annual accounts 2010-119,4 k €↓
2009
Annual accounts 2009-86,8 k €↓
2008
Annual accounts 2008-72,4 k €↓
2007
Annual accounts 2007-66,6 k €↓
2006
Annual accounts 200694,4 k €
22/12/1976
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

Fortim

Overview

What does Fortim do?

Trend over 20 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