NORMAL SITUATION

FORLAB

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Financial year 2024 · closed on 28/06/2024

Net result

-83,6 k €

-563.6% YoY

Revenue

187,2 k €

-87.2% YoY

Workforce

1,0 ETP

-60.0% YoY

Company — Normal situation.

What does FORLAB do?

FORLAB is a company registered in Belgium. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.153.392

Legal form

Public limited company

Latest accounts

28/06/2024

Average workforce

1,0 ETP

Joint committees (2)

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	187,2 k €	-87.2%	1,5 M €	-14.6%	1,7 M €		–		–		1,1 M €	-13.2%	1,2 M €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-76,8 k €	-472%	20,6 k €	-93.2%	302,1 k €	+187%	105,3 k €	+1509%	6,5 k €	-95.3%	139,3 k €	-15.0%	163,9 k €	+7.2%	152,8 k €	+114%	71,4 k €	+223%	-58,1 k €	-248%	39,3 k €	-5.6%	41,7 k €	-44.1%	74,5 k €	-7.0%	80,1 k €	-9.8%	88,8 k €	-18.7%	109,2 k €	+25.0%	87,4 k €	+100%	43,6 k €
Operating result	-80,7 k €	-512%	19,6 k €	-93.4%	296,3 k €	+198%	99,5 k €	+16721%	591,6 €	-99.5%	127,3 k €	-19.7%	158,5 k €	+4.4%	151,7 k €	+148%	61,2 k €	+186%	-71,2 k €	-324%	31,8 k €	+146%	12,9 k €	-66.1%	38,1 k €	-20.5%	48 k €	-12.5%	54,8 k €	+8.1%	50,7 k €	-9.4%	56 k €	+65.4%	33,9 k €
Net result	-83,6 k €	-564%	18 k €	-91.2%	203,8 k €	+243%	59,4 k €	+126977%	46,7 €	-99.9%	87,5 k €	-15.6%	103,8 k €	+9.9%	94,4 k €	+144%	38,6 k €	+176%	14 k €	+95.3%	7,2 k €	+173%	-9,8 k €	-157%	-3,8 k €	-62.9%	-2,3 k €	-156%	4,2 k €	+8.9%	3,9 k €	+289%	-2 k €	-136%	5,6 k €
Balance sheet
Equity	–		235,7 k €	-54.5%	517,6 k €	+64.9%	313,8 k €	+23.3%	254,5 k €	+0.0%	254,4 k €	+17.3%	216,9 k €	+91.8%	113,1 k €	-4.7%	118,7 k €	+48.3%	80 k €	+21.2%	66 k €	+12.2%	58,9 k €	-14.2%	68,6 k €	-5.3%	72,4 k €	-3.1%	74,7 k €	+6.0%	70,5 k €	+5.8%	66,7 k €	-2.3%	68,3 k €
Total assets	171,8 k €	-68.8%	549,9 k €	-20.9%	695,3 k €	+59.5%	435,9 k €	-11.7%	493,5 k €	+31.7%	374,6 k €	+6.5%	351,9 k €	-22.2%	452 k €	+50.3%	300,7 k €	+5.4%	285,4 k €	-18.3%	349,4 k €	+5.2%	332,2 k €	-37.4%	531,1 k €	+8.2%	490,9 k €	+22.0%	402,4 k €	-15.9%	478,6 k €	-3.4%	495,2 k €	-28.1%	688,4 k €
Cash	–		–		449,1 k €	+155%	176,2 k €	-19.9%	219,9 k €	+118%	100,8 k €	+26.3%	79,8 k €	-54.8%	176,7 k €	+258%	49,4 k €	+194%	16,8 k €	-58.3%	40,2 k €	+770%	4,6 k €	-77.7%	20,7 k €	+31.6%	15,7 k €	+298%	4 k €		–		2,8 k €	-98.2%	155,6 k €
Debts	171,8 k €	-45.3%	314,2 k €	+76.9%	177,7 k €	+45.5%	122,1 k €	-48.9%	239 k €	+98.8%	120,2 k €	-10.9%	135 k €	-60.2%	338,9 k €	+86.2%	182 k €	-8.0%	197,8 k €	-30.1%	282,9 k €	+3.5%	273,3 k €	-40.9%	462,5 k €	+10.5%	418,5 k €	+27.9%	327,1 k €	-19.8%	408 k €	-4.0%	425,1 k €	-31.5%	620,1 k €
Other
Workforce	1,0 ETP	-60.0%	2,5 ETP	+8.7%	2,3 ETP	-11.5%	2,6 ETP	+4.0%	2,5 ETP	-26.5%	3,4 ETP	-19.0%	4,2 ETP	+44.8%	2,9 ETP	-23.7%	3,8 ETP	+2.7%	3,7 ETP	-2.6%	3,8 ETP	-19.1%	4,7 ETP	+6.8%	4,4 ETP	+4.8%	4,2 ETP	-10.6%	4,7 ETP	-6.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP

Governance

Board of directors

Seen on filing of 28/06/2024 · 1 active · 21 ended

Active mandates

MALA Holding B.V.

Director · since 01 septembre 2021 · until 11 mai 2027

Represented by Anandkoemar LACHMANSINGH

Active

Ended mandates

MALA HOLDING B.V.

Director · since 01 septembre 2021 · until 11 mai 2027

Ended

Anand Lachmansingh

Managing director · since 11 mai 2017 · until 09 mai 2023

Ended

Anand LACHMANSINGH

Managing director · since 11 mai 2017 · until 01 septembre 2021

Ended

Georgina Fritzsche

Director · since 11 mai 2017 · until 09 mai 2023

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full 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	28/06/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	6 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/11/2024	12/06/2024	04/08/2023	10/08/2022	11/06/2021	26/05/2020
General meeting	28/06/2024	14/05/2024	09/05/2023	10/05/2022	11/05/2021	12/05/2020
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

42 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	28/06/2024	28/06/2024	12/11/2024	French	PDF
Full model	31/12/2023	14/05/2024	12/06/2024	French	PDF
Full model	31/12/2022	09/05/2023	04/08/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	10/08/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	11/06/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	26/05/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	24/05/2018	French	PDF
Abridged model	31/12/2016	11/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	25/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	06/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	18/05/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	17/08/2009	French	PDF
Abridged model	31/12/2007	08/06/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	30/07/2007	French	PDF
Abridged model	31/12/2005	08/06/2006	25/08/2006	French	PDF
Abridged model	31/12/2004	09/06/2005	28/07/2005	French	PDF
Abridged model	31/12/2003	06/05/2004	28/09/2004	French	PDF
Abridged model	31/12/2002	12/06/2003	11/09/2003	French	PDF
Abridged model	31/12/2001	06/06/2002	29/07/2002	French	PDF

View all 42 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 28/06/2024 · 1 active · 21 ended

Active mandates

MALA Holding B.V.

Director · since 01 septembre 2021 · until 11 mai 2027

Represented by Anandkoemar LACHMANSINGH

Active

Ended mandates

MALA HOLDING B.V.

Director · since 01 septembre 2021 · until 11 mai 2027

Ended

Anand Lachmansingh

Managing director · since 11 mai 2017 · until 09 mai 2023

Ended

Anand LACHMANSINGH

Managing director · since 11 mai 2017 · until 01 septembre 2021

Ended

Georgina Fritzsche

Director · since 11 mai 2017 · until 09 mai 2023

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 2024-83,6 k €↓
2023
Annual accounts 202318 k €↓
2022
Annual accounts 2022203,8 k €↑
2021
Annual accounts 202159,4 k €↑
2020
Annual accounts 202046,7 €↓
2019
Annual accounts 201987,5 k €↓
2018
Annual accounts 2018103,8 k €↑
2017
Annual accounts 201794,4 k €↑
2016
Annual accounts 201638,6 k €↑
2015
Annual accounts 201514 k €↑
2014
Annual accounts 20147,2 k €↑
2013
Annual accounts 2013-9,8 k €↓
2012
Annual accounts 2012-3,8 k €↓
2011
Annual accounts 2011-2,3 k €↓
2010
Annual accounts 20104,2 k €↑
2009
Annual accounts 20093,9 k €↑
2008
Annual accounts 2008-2 k €↓
2007
Annual accounts 20075,6 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

FORLAB

Overview

What does FORLAB do?

Trend over 18 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