NORMAL SITUATION

FORESCO PALLETS

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Financial year 2024 · closed on 31/12/2024

Net result

2,8 M €

-18.0% YoY

Revenue

25,3 M €

-6.0% YoY

Equity

5,2 M €

+117.8% YoY

Workforce

39,2 ETP

-11.1% YoY

Company — Normal situation.

What does FORESCO PALLETS do?

FORESCO PALLETS is a company registered in Belgium. It employs on average 39,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.656.147

Legal form

Public limited company

Contributed capital

123 015,16 €

Latest accounts

31/12/2024

Average workforce

39,2 ETP

Joint committees (4)

126
12600
200
218

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2018		2017		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	25,3 M €	-6.0%	27 M €	-32.3%	39,8 M €	+100%	19,9 M €		–		–		9,9 M €	-3.3%	10,2 M €	+9.5%	9,4 M €	-52.8%	19,8 M €	+192%	6,8 M €	-3.7%	7 M €	-42.1%	12,2 M €	+6.7%	11,4 M €	+15.6%	9,9 M €
EBITDA	4,4 M €	-10.8%	4,9 M €	-23.2%	6,4 M €	+70.0%	3,8 M €	+289%	966,1 k €	+111%	458,3 k €	+27.0%	360,9 k €	-17.5%	437,7 k €	-11.1%	492,3 k €	-40.4%	826,6 k €	+248%	237,8 k €	-65.5%	689,5 k €	-62.1%	1,8 M €	+82.1%	998,4 k €	+15.4%	865,3 k €
Operating result	4 M €	-14.6%	4,7 M €	-24.6%	6,2 M €	+67.8%	3,7 M €	+342%	837,3 k €	+184%	294,4 k €	+20.9%	243,6 k €	-26.2%	329,9 k €	+5.3%	313,4 k €	+0.6%	311,5 k €	+975%	-35,6 k €	-107%	479,2 k €	-70.4%	1,6 M €	+103%	796,8 k €	+66.5%	478,5 k €
Net result	2,8 M €	-18.0%	3,4 M €	-27.2%	4,7 M €	+67.0%	2,8 M €	+419%	545,7 k €	+189%	188,8 k €	-8.5%	206,5 k €	-12.1%	234,8 k €	+0.7%	233,2 k €	-46.7%	437,8 k €	+4372%	9,8 k €	-97.8%	453,1 k €	-63.3%	1,2 M €	+102%	610,4 k €	+55.5%	392,5 k €
Balance sheet
Equity	5,2 M €	+118%	2,4 M €	-48.0%	4,6 M €	+22.2%	3,8 M €	+42.4%	2,7 M €	+19.4%	2,2 M €	+4.3%	2,1 M €	+4.5%	2 M €	+6.3%	1,9 M €	+7.8%	1,8 M €	+23.9%	1,4 M €	+0.7%	1,4 M €	-0.5%	1,4 M €	-11.4%	1,6 M €	+38.6%	1,2 M €
Total assets	9,2 M €	+22.8%	7,5 M €	-39.4%	12,4 M €	+89.3%	6,6 M €	+36.4%	4,8 M €	+39.3%	3,5 M €	-8.4%	3,8 M €	+8.6%	3,5 M €	-2.4%	3,6 M €	+3.2%	3,5 M €	-8.5%	3,8 M €	+13.3%	3,3 M €	-32.5%	4,9 M €	+21.4%	4,1 M €	+14.8%	3,5 M €
Cash	718,2 k €	+172%	263,8 k €	-80.7%	1,4 M €	+29.4%	1,1 M €	+589%	153,2 k €	-57.1%	357,4 k €	+139%	149,7 k €	-42.9%	262,4 k €	+330%	61,1 k €	-39.7%	101,3 k €	-53.5%	217,8 k €	-77.9%	987,4 k €	-42.0%	1,7 M €	+387%	349,2 k €	-39.5%	577,4 k €
Debts	3,9 M €	-23.6%	5,1 M €	-33.1%	7,6 M €	+177%	2,8 M €	+28.6%	2,1 M €	+83.8%	1,2 M €	-28.0%	1,6 M €	+15.2%	1,4 M €	-13.1%	1,6 M €	-0.8%	1,6 M €	-10.6%	1,8 M €	+44.0%	1,3 M €	-55.5%	2,8 M €	+49.6%	1,9 M €	+3.3%	1,8 M €
Other
Workforce	39,2 ETP	-11.1%	44,1 ETP	-13.4%	50,9 ETP	+65.3%	30,8 ETP	+6.2%	29,0 ETP	+1.8%	28,5 ETP	+6.7%	26,7 ETP	+0.4%	26,6 ETP	+4.3%	25,5 ETP	-8.9%	28,0 ETP	-4.4%	29,3 ETP	+5.8%	27,7 ETP	+20.4%	23,0 ETP	-5.0%	24,2 ETP	-4.0%	25,2 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 20 ended

Active mandates

FORESCO GROUP

Director · 0738.732.204

Represented by Cédric De Quinnemar

Active

Jan Ponnet

Director

Active

Ended mandates

FORESCO GROUP

Managing director · since 24 avril 2020 · until 26 avril 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Ended

FORESCO GROUP

Managing director · since 24 avril 2020 · until 24 avril 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Ended

Jan Ponnet

Managing director · since 24 avril 2020 · until 24 avril 2026

Ended

Henk van Steensel

Director · since 10 mars 2015 · until 09 mars 2021

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/10/2019	01/10/2018
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	12 months	15 months	12 months
Filing date	29/08/2025	05/07/2024	05/05/2023	18/05/2022	16/06/2021	12/02/2020
General meeting	29/08/2025	31/05/2024	07/04/2023	27/04/2022	18/05/2021	31/01/2020
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

43 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	05/07/2024	Dutch	PDF
Full model	31/12/2022	07/04/2023	05/05/2023	Dutch	PDF
Full model	31/12/2021	27/04/2022	18/05/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	16/06/2021	Dutch	PDF
Full model	30/09/2019	31/01/2020	12/02/2020	Dutch	PDF
Abridged model	30/09/2018	18/02/2019	15/03/2019	Dutch	PDF
Abridged model	30/09/2017	13/03/2018	06/04/2018	Dutch	PDF
Full model	30/09/2016	14/03/2017	11/04/2017	Dutch	PDF
Full model	30/09/2015	08/03/2016	05/04/2016	Dutch	PDF
Full model	30/09/2014	10/03/2015	24/03/2015	Dutch	PDF
Full model	30/09/2013	11/03/2014	25/03/2014	Dutch	PDF
Full model	30/09/2012	09/02/2013	08/03/2013	Dutch	PDF
Full model	31/10/2010	24/02/2011	10/03/2011	Dutch	PDF
Full model	31/10/2009	27/01/2010	03/02/2010	Dutch	PDF
Full model	31/10/2008	10/03/2009	18/03/2009	Dutch	PDF
Full model	31/10/2007	08/04/2008	06/05/2008	Dutch	PDF
Full model	31/10/2006	10/04/2007	10/05/2007	Dutch	PDF
Full model	31/10/2005	11/04/2006	02/05/2006	Dutch	PDF
Full model	31/10/2004	12/04/2005	27/04/2005	Dutch	PDF
Full model	31/10/2003	13/04/2004	27/04/2004	Dutch	PDF
Full model	31/10/2002	08/04/2003	06/05/2003	Dutch	PDF
Full model	31/10/2001	09/04/2002	25/04/2002	Dutch	PDF
Full model	30/10/2000	10/04/2001	13/04/2001	Dutch	PDF

View all 43 filings

Estimate

Indicative valuation

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 · 20 ended

Active mandates

FORESCO GROUP

Director · 0738.732.204

Represented by Cédric De Quinnemar

Active

Jan Ponnet

Director

Active

Ended mandates

FORESCO GROUP

Managing director · since 24 avril 2020 · until 26 avril 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Ended

FORESCO GROUP

Managing director · since 24 avril 2020 · until 24 avril 2026 · 0738.732.204

Represented by Cédric De Quinnemar

Ended

Jan Ponnet

Managing director · since 24 avril 2020 · until 24 avril 2026

Ended

Henk van Steensel

Director · since 10 mars 2015 · until 09 mars 2021

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2024
Annual accounts 20242,8 M €↓
2023
Annual accounts 20233,4 M €↓
2022
Annual accounts 20224,7 M €↑
2022
Name changeForesco Pallets
2021
Annual accounts 20212,8 M €↑
2021
Name changeArifal
2018
Annual accounts 2018545,7 k €↑
2017
Annual accounts 2017188,8 k €↓
2015
Annual accounts 2015206,5 k €↓
2014
Annual accounts 2014234,8 k €↑
2013
Annual accounts 2013233,2 k €↓
2012
Annual accounts 2012437,8 k €↑
2010
Annual accounts 20109,8 k €↓
2009
Annual accounts 2009453,1 k €↓
2008
Annual accounts 20081,2 M €↑
2007
Annual accounts 2007610,4 k €↑
2006
Annual accounts 2006392,5 k €

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

FORESCO PALLETS

Overview

What does FORESCO PALLETS do?

Trend over 15 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline