ACTIVE

FIBREFORCE

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Financial year 2025 · closed on 31/12/2025

Net result

4,1 k €

-96.3% YoY

Gross margin

377,9 k €

-28.1% YoY

Equity

357,2 k €

+1.2% YoY

Workforce

5,5 ETP

+3.8% YoY

What does FIBREFORCE do?

FIBREFORCE is a Private limited company incorporated in 1983. Its main activity is: Manufacture of refractory products. Its registered office is in Sint-Truiden. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.223.947

Incorporation

30/12/1983

Legal form

Private limited company

Registered office

Terbiest 90 box 6
3800 Sint-Truiden · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

5,5 ETP

Activities (NACE)

23200Manufacture of refractory products· main 23200Manufacture of refractory products 23430Manufacture of ceramic insulators and insulating fittings 23430Manufacture of ceramic insulators and insulating fittings 26230Manufacture of computers and peripheral equipment 26260Manufacture of computers and peripheral equipment

Joint committees (4)

113
11303
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ 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	377,9 k €	-28.1%	525,4 k €	+32.2%	397,6 k €	+72.9%	229,9 k €	+1.5%	226,5 k €	+18.0%	191,9 k €	-21.8%	245,4 k €	+7.4%	228,6 k €	+40.4%	162,8 k €	+7.5%	151,4 k €	-34.9%	232,7 k €	+69.1%	137,6 k €	-5.6%	145,7 k €	+7.1%	136,1 k €	+8.1%	125,8 k €	+32.0%	95,3 k €	-7.9%	103,5 k €	-6.2%	110,4 k €	+9.8%	100,5 k €	+7.0%	93,9 k €
EBITDA	62,5 k €	-66.9%	189,1 k €	+15.9%	163,2 k €	+37.6%	118,6 k €	+36.5%	86,9 k €	+3.2%	84,2 k €	-18.2%	102,9 k €	+19.4%	86,2 k €	+103%	42,4 k €	-31.7%	62 k €	-22.1%	79,6 k €	+572%	-16,9 k €	-133%	50,6 k €	-19.5%	62,8 k €	+73.8%	36,1 k €	+6.8%	33,8 k €	+1.8%	33,3 k €	-0.0%	33,3 k €	-11.1%	37,4 k €	+1.8%	36,8 k €
Operating result	10,6 k €	-93.1%	152,3 k €	+19.4%	127,5 k €	+65.7%	76,9 k €	+20.3%	63,9 k €	+4.2%	61,3 k €	-22.2%	78,9 k €	+21.5%	64,9 k €	+430%	12,2 k €	-66.0%	35,9 k €	-29.5%	51 k €	+217%	-43,5 k €	-282%	23,9 k €	-54.2%	52 k €	+187%	18,1 k €	+22.5%	14,8 k €	+10.1%	13,4 k €	+33.2%	10,1 k €	-31.5%	14,7 k €	+3.1%	14,3 k €
Net result	4,1 k €	-96.3%	112 k €	+11.4%	100,5 k €	+42.8%	70,4 k €	+12.7%	62,4 k €	+8.4%	57,6 k €	-22.8%	74,7 k €	+32.1%	56,5 k €	+3580%	1,5 k €	-94.0%	25,6 k €	-24.2%	33,8 k €	+151%	-66,2 k €	-3566%	1,9 k €	-95.1%	38,8 k €	+278%	10,3 k €	+105%	5 k €	+2.0%	4,9 k €	-35.2%	7,6 k €	-26.9%	10,3 k €	+68.9%	6,1 k €
Balance sheet
Equity	357,2 k €	+1.2%	353,1 k €	+46.5%	241,1 k €	+26.5%	190,6 k €	+12.0%	170,2 k €	+7.9%	157,7 k €	+5.1%	150,1 k €	+6.1%	141,5 k €	+1.1%	139,9 k €	+1.1%	138,4 k €	+0.4%	137,8 k €	+32.5%	104 k €	-38.9%	170,2 k €	+1.1%	168,3 k €	+30.0%	129,5 k €	+7.3%	120,7 k €	+3.0%	117,2 k €	+3.0%	113,8 k €	+5.6%	107,8 k €	+8.9%	98,9 k €
Total assets	616,1 k €	-9.4%	680,2 k €	-5.6%	720,6 k €	+75.5%	410,7 k €	+2.5%	400,5 k €	+25.4%	319,2 k €	-14.9%	375,3 k €	+11.9%	335,3 k €	+24.1%	270,2 k €	-0.2%	270,8 k €	-18.6%	332,6 k €	-14.4%	388,5 k €	-25.8%	523,3 k €	+86.8%	280,1 k €	+8.2%	258,8 k €	+13.0%	229,1 k €	-6.6%	245,3 k €	-14.2%	285,8 k €	+24.2%	230,1 k €	+11.0%	207,3 k €
Cash	62,3 k €	+10.5%	56,4 k €	-52.7%	119,1 k €	+160%	45,8 k €	-5.7%	48,6 k €	+52.0%	31,9 k €	+11.9%	28,6 k €	-30.9%	41,3 k €	-2.8%	42,5 k €	+1993%	2 k €	-80.6%	10,5 k €	+1521%	646,6 €	-96.2%	16,8 k €	-81.6%	91,5 k €	-32.8%	136,1 k €	+55.9%	87,3 k €	+13.3%	77,1 k €	-8.8%	84,5 k €	+64.7%	51,3 k €	-23.3%	66,9 k €
Debts	258,9 k €	-20.9%	327,2 k €	-31.8%	479,6 k €	+119%	219,4 k €	-4.4%	229,6 k €	+42.8%	160,8 k €	-28.4%	224,5 k €	+16.2%	193,2 k €	+49.0%	129,6 k €	-1.6%	131,7 k €	-32.4%	194,8 k €	-18.4%	238,9 k €	-32.3%	353,1 k €	+216%	111,8 k €	-11.2%	125,8 k €	+20.0%	104,8 k €	-16.8%	126,1 k €	-25.8%	170 k €	+41.2%	120,4 k €	+12.8%	106,7 k €
Other
Workforce	5,5 ETP	+3.8%	5,3 ETP	+26.2%	4,2 ETP		–		–		–		–		–		–		–		4,3 ETP	+4.9%	4,1 ETP	+13.9%	3,6 ETP	+20.0%	3,0 ETP	0.0%	3,0 ETP	+42.9%	2,1 ETP	-12.5%	2,4 ETP	-7.7%	2,6 ETP	+30.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Adrianus Walpot

Director

Active

Ended mandates

Ad Verhoef

Mandate

Ended

Ad Verhoef

Administrator - manager

Ended

Adrianus Walpot

Manager

Ended

Fréderic Hougaerts

Mandate

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	17/06/2026	24/06/2025	20/06/2024	21/06/2023	21/06/2022	22/06/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	18/05/2023	19/05/2022	20/05/2021
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	21/05/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	16/05/2024	20/06/2024	Dutch	PDF
Micro model	31/12/2022	18/05/2023	21/06/2023	Dutch	PDF
Micro model	31/12/2021	19/05/2022	21/06/2022	Dutch	PDF
Micro model	31/12/2020	20/05/2021	22/06/2021	Dutch	PDF
Micro model	31/12/2019	21/05/2020	25/06/2020	Dutch	PDF
Micro model	31/12/2018	16/05/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	17/05/2018	25/06/2018	Dutch	PDF
Micro model	31/12/2016	11/05/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	12/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	14/05/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	16/05/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	17/05/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	21/05/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	17/05/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 1 active · 5 ended

Active mandates

Adrianus Walpot

Director

Active

Ended mandates

Ad Verhoef

Mandate

Ended

Ad Verhoef

Administrator - manager

Ended

Adrianus Walpot

Manager

Ended

Fréderic Hougaerts

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office22/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/08/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/07/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20254,1 k €↓
2024
Annual accounts 2024112 k €↑
2023
Annual accounts 2023100,5 k €↑
2023
Name changeFibreforce
2022
Annual accounts 202270,4 k €↑
2021
Annual accounts 202162,4 k €↑
2021
Name changeFibrec
2020
Annual accounts 202057,6 k €↓
2019
Annual accounts 201974,7 k €↑
2018
Annual accounts 201856,5 k €↑
2017
Annual accounts 20171,5 k €↓
2016
Annual accounts 201625,6 k €↓
2015
Annual accounts 201533,8 k €↑
2014
Annual accounts 2014-66,2 k €↓
2013
Annual accounts 20131,9 k €↓
2012
Annual accounts 201238,8 k €↑
2011
Annual accounts 201110,3 k €↑
2010
Annual accounts 20105 k €↑
2009
Annual accounts 20094,9 k €↓
2008
Annual accounts 20087,6 k €↓
2007
Annual accounts 200710,3 k €↑
2006
Annual accounts 20066,1 k €
2006
Name changeFIBREC REFRACTORY SPECIALITIES
30/12/1983
IncorporationPrivate 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

FIBREFORCE

Overview

What does FIBREFORCE 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