ACTIVE

FOURBASES

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Financial year 2025 · closed on 31/12/2025

Net result

1,8 M €

-0.6% YoY

Gross margin

3,5 M €

+5.8% YoY

Equity

1,6 M €

-0.0% YoY

Workforce

13,2 ETP

+11.9% YoY

What does FOURBASES do?

FOURBASES is a Private limited company incorporated in 1985. Its main activity is: Agents involved in the sale of machinery, industrial equipment, ships and aircraft. Its registered office is in Aalter. It employs on average 13,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.243.914

Incorporation

13/12/1985

Legal form

Private limited company

Registered office

Groendreef 35
9880 Aalter · FlandreSee on map

Contributed capital

43 152,00 €

Latest accounts

31/12/2025

Average workforce

13,2 ETP

Activities (NACE)

46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft· main 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft 51140Passenger air transport 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities+3

Joint committees (4)

100
200
20018
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 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,5 M €	+5.8%	3,3 M €	-3.7%	3,4 M €	+3.1%	3,3 M €	+15.3%	2,9 M €	+215%	919,3 k €	+6.3%	864,6 k €	+17.1%	738,5 k €	+5.8%	698,2 k €	+20.1%	581,5 k €	-10.7%	650,9 k €	+4.7%	621,4 k €	-4.3%	649,6 k €	-14.0%	755,2 k €	+8.0%	699,2 k €	+7.9%	648 k €	+21.9%	531,5 k €	+25.9%	422,1 k €
EBITDA	2,5 M €	+3.8%	2,4 M €	-7.5%	2,6 M €	+0.4%	2,6 M €	+20.4%	2,1 M €	+538%	333,6 k €	+54.8%	215,6 k €	+61.5%	133,5 k €	+7.9%	123,7 k €	+134%	52,8 k €	+1.5%	52 k €	+484%	-13,5 k €	-111%	127,4 k €	+102%	63,1 k €	+134%	27 k €	-53.0%	57,5 k €	-29.8%	81,9 k €	+154%	32,2 k €
Operating result	2,3 M €	-1.6%	2,4 M €	-9.1%	2,6 M €	+1.9%	2,5 M €	+24.9%	2 M €	+984%	187,7 k €	+5.3%	178,2 k €	+48.8%	119,8 k €	+7.8%	111,1 k €	+162%	42,4 k €	-4.0%	44,2 k €	+283%	-24,2 k €	-121%	114,3 k €	+130%	49,7 k €	+662%	6,5 k €	-79.3%	31,5 k €	-38.2%	51 k €	+1861%	-2,9 k €
Net result	1,8 M €	-0.6%	1,8 M €	-5.8%	1,9 M €	+1.1%	1,9 M €	+25.0%	1,5 M €	+917%	149,1 k €	+29.8%	114,9 k €	+69.8%	67,7 k €	-4.6%	70,9 k €	+237%	21 k €	-10.7%	23,6 k €	+198%	-23,9 k €	-131%	78,1 k €	+137%	32,9 k €	+390%	6,7 k €	-64.8%	19,1 k €	-35.8%	29,8 k €	+643%	-5,5 k €
Balance sheet
Equity	1,6 M €	-0.0%	1,6 M €	-57.0%	3,6 M €	+33.5%	2,7 M €	+56.4%	1,7 M €	+295%	438,8 k €	+42.6%	307,7 k €	+45.9%	210,8 k €	+30.8%	161,2 k €	+48.9%	108,2 k €	+2.9%	105,2 k €	+5.6%	99,6 k €	-29.6%	141,6 k €	+73.8%	81,5 k €	-30.1%	116,5 k €	-8.8%	127,8 k €	+0.9%	126,7 k €	-31.1%	183,9 k €
Total assets	4,5 M €	+20.7%	3,7 M €	-33.5%	5,6 M €	+12.0%	5 M €	+46.2%	3,4 M €	+452%	616,2 k €	+11.5%	552,8 k €	+39.8%	395,5 k €	+7.4%	368,1 k €	+0.5%	366,2 k €	+6.9%	342,4 k €	+12.8%	303,5 k €	-6.5%	324,6 k €	-5.5%	343,5 k €	+8.7%	316,1 k €	-7.8%	343 k €	-10.3%	382,5 k €	+27.9%	298,9 k €
Cash	1 M €	+25.2%	818,6 k €	-65.4%	2,4 M €	-17.2%	2,9 M €	+65.9%	1,7 M €	+717%	210,8 k €	-17.6%	255,7 k €	+13.7%	225 k €	+20.9%	186,1 k €	-0.3%	186,7 k €	+63.3%	114,3 k €	+89.5%	60,3 k €	-58.7%	146,1 k €	+65.8%	88,1 k €	+69.5%	52 k €	+59.1%	32,7 k €	-54.8%	72,3 k €	+88.1%	38,4 k €
Debts	2,8 M €	+30.3%	2,1 M €	+10.5%	1,9 M €	-13.7%	2,2 M €	+35.4%	1,7 M €	+886%	167,4 k €	-28.4%	233,8 k €	+34.8%	173,4 k €	-14.3%	202,3 k €	-19.7%	251,9 k €	+8.1%	232,9 k €	+20.7%	193 k €	+15.6%	167 k €	-34.0%	252,9 k €	+32.8%	190,5 k €	-6.7%	204,1 k €	-11.5%	230,8 k €	+144%	94,5 k €
Other
Workforce	13,2 ETP	+11.9%	11,8 ETP	+9.3%	10,8 ETP	-3.6%	11,2 ETP	-8.2%	12,2 ETP	+32.6%	9,2 ETP	+4.5%	8,8 ETP	-1.1%	8,9 ETP	+8.5%	8,2 ETP	+10.8%	7,4 ETP	-8.6%	8,1 ETP	-8.0%	8,8 ETP	+18.9%	7,4 ETP	-23.7%	9,7 ETP	-7.6%	10,5 ETP	+1.9%	10,3 ETP	+19.8%	8,6 ETP	+14.7%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

BASE5

Director · 1017.789.821

Represented by Jérôme Bonte

Active

Ended mandates

BASE5

Director · since 20 décembre 2024 · 1017.789.821

Represented by Jérôme BONTE

Ended

T-K BV

Director · since 01 juillet 2013

Represented by Tom Kuster

Ended

T-K BV

Manager · since 01 juillet 2013

Represented by Tom Kuster

Ended

ISEE 2 BVBA

Manager · since 01 juin 2006 · 0876.348.478

Represented by Karel Blondé

Ended

At this address

Other companies at this address

Company	CBE no.
BASE5● Active	1017.789.821

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	10/07/2026	30/06/2025	26/06/2024	26/05/2023	20/07/2022	28/06/2021
General meeting	15/06/2026	30/05/2025	27/05/2024	27/04/2023	31/05/2022	31/05/2021
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	15/06/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	27/04/2023	26/05/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	24/03/2020	23/04/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	25/05/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 18 ended

Active mandates

BASE5

Director · 1017.789.821

Represented by Jérôme Bonte

Active

Ended mandates

BASE5

Director · since 20 décembre 2024 · 1017.789.821

Represented by Jérôme BONTE

Ended

T-K BV

Director · since 01 juillet 2013

Represented by Tom Kuster

Ended

T-K BV

Manager · since 01 juillet 2013

Represented by Tom Kuster

Ended

ISEE 2 BVBA

Manager · since 01 juin 2006 · 0876.348.478

Represented by Karel Blondé

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares29/12/2025
KAPITAAL - AANDELEN
PDF
Mandates27/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other05/12/2023
BENAMING
PDF
Restructuring05/08/2020
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring12/06/2020
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other12/04/2017
BENAMING
PDF
Mandates09/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2007
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 20251,8 M €↓
2024
Annual accounts 20241,8 M €↓
2023
Annual accounts 20231,9 M €↑
2023
Name changeFOURBASES
2022
Annual accounts 20221,9 M €↑
2021
Annual accounts 20211,5 M €↑
2018
Annual accounts 2018149,1 k €↑
2017
Annual accounts 2017114,9 k €↑
2016
Annual accounts 201667,7 k €↓
2016
Name changeThe IC Group
2015
Annual accounts 201570,9 k €↑
2014
Annual accounts 201421 k €↓
2013
Annual accounts 201323,6 k €↑
2012
Annual accounts 2012-23,9 k €↓
2011
Annual accounts 201178,1 k €↑
2010
Annual accounts 201032,9 k €↑
2009
Annual accounts 20096,7 k €↓
2008
Annual accounts 200819,1 k €↓
2007
Annual accounts 200729,8 k €↑
2006
Annual accounts 2006-5,5 k €
2006
Name changeINDUSTRIAL CONSULTANTS
13/12/1985
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

FOURBASES

Overview

What does FOURBASES do?

Trend over 18 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