ACTIVE

FORTINORM

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Financial year 2025 · closed on 30/06/2025

Net result

39 k €

+330.9% YoY

Gross margin

83,7 k €

+92.4% YoY

Equity

347,9 k €

+12.6% YoY

What does FORTINORM do?

FORTINORM is a Private limited company incorporated in 1987. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.342.964

Incorporation

18/06/1987

Legal form

Private limited company

Registered office

Rademakersstraat 9 box 101
8380 Brugge · FlandreSee on map

Contributed capital

50 000,00 €

Latest accounts

30/06/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	83,7 k €	+92.4%	43,5 k €	-29.9%	62,1 k €	+105%	30,3 k €	-54.8%	67 k €	-0.7%	67,5 k €	-34.6%	103,3 k €	-18.3%	126,4 k €	+136%	53,5 k €	-13.4%	61,8 k €	+29.4%	47,7 k €	-10.6%	53,4 k €	+4.8%	51 k €	-11.8%	57,8 k €	+87.9%	30,8 k €	-50.6%	62,3 k €	-5.0%	65,6 k €	+110%	31,2 k €
EBITDA	75,3 k €	+91.5%	39,3 k €	-32.5%	58,2 k €	+119%	26,6 k €	-58.0%	63,3 k €	-1.1%	64 k €	-37.5%	102,4 k €	-14.2%	119,3 k €	+136%	50,7 k €	-6.5%	54,1 k €	+15.2%	47 k €	-10.9%	52,7 k €	+5.5%	50 k €	+57.2%	31,8 k €	+626%	-6,1 k €	-131%	19,3 k €	-41.7%	33,1 k €	+455%	6 k €
Operating result	61,6 k €	+163%	23,4 k €	-44.7%	42,3 k €	+305%	10,5 k €	-75.8%	43,1 k €	+2.2%	42,2 k €	-39.9%	70,2 k €	-18.1%	85,8 k €	+231%	25,9 k €	+20.7%	21,5 k €	+5.4%	20,4 k €	-15.8%	24,2 k €	+35.3%	17,9 k €	+110%	8,5 k €	+125%	-34,6 k €	-32.7%	-26,1 k €	-368%	9,7 k €	+154%	-18,1 k €
Net result	39 k €	+331%	9,1 k €	-64.2%	25,3 k €	+549%	3,9 k €	-85.4%	26,7 k €	+9.0%	24,5 k €	-47.8%	46,9 k €	-14.8%	55 k €	+270%	14,9 k €	+116%	6,9 k €	-56.8%	15,9 k €	-14.3%	18,6 k €	+2.0%	18,2 k €	+60.8%	11,3 k €	-74.0%	43,6 k €	+219%	-36,6 k €	-8600%	430 €	+102%	-23,5 k €
Balance sheet
Equity	347,9 k €	+12.6%	308,9 k €	+3.0%	299,9 k €	+9.2%	274,6 k €	+1.4%	270,7 k €	+10.9%	244 k €	+11.1%	219,5 k €	+27.2%	172,7 k €	-35.5%	267,6 k €	+5.9%	252,8 k €	+2.8%	245,9 k €	+6.9%	229,9 k €	+8.8%	211,3 k €	+9.4%	193,1 k €	+6.2%	181,8 k €	+31.6%	138,2 k €	+459%	24,7 k €	+1.8%	24,3 k €
Total assets	568,9 k €	+1.6%	560 k €	-6.5%	598,9 k €	-1.2%	606,2 k €	-2.7%	623,2 k €	-10.5%	696,7 k €	+22.8%	567,5 k €	-3.0%	585,2 k €	+19.5%	489,8 k €	-7.0%	526,6 k €	+45.8%	361,1 k €	+22.4%	295 k €	+22.1%	241,6 k €	+1.7%	237,6 k €	-24.5%	314,8 k €	-40.1%	525,5 k €	+7.3%	489,9 k €	-2.7%	503,5 k €
Cash	8,8 k €	-50.1%	17,7 k €	+2572%	662,2 €	-89.4%	6,2 k €	-28.9%	8,8 k €	-57.3%	20,5 k €	-53.7%	44,4 k €	+17.1%	37,9 k €	+346%	8,5 k €	-55.2%	18,9 k €	+187%	6,6 k €	-72.4%	23,9 k €	+273%	6,4 k €	-81.6%	34,9 k €	-12.8%	40,1 k €	+158%	15,5 k €	+176%	5,6 k €	+36.6%	4,1 k €
Debts	221 k €	-12.0%	251 k €	-15.9%	298,5 k €	-10.0%	331,7 k €	-5.9%	352,6 k €	-22.1%	452,7 k €	+30.1%	347,9 k €	-15.7%	412,5 k €	+85.7%	222,2 k €	-18.9%	273,9 k €	+138%	115,2 k €	+77.0%	65,1 k €	+115%	30,2 k €	-32.0%	44,5 k €	-49.5%	88 k €	-77.3%	387,3 k €	-16.7%	465,2 k €	-2.9%	479,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-75.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+14.3%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 3 ended

Active mandates

Laurent Forton

Director

Active

Ended mandates

Laurent Forton

Administrator - manager · since 01 juillet 2005

Ended

LAURENT FORTON

Manager · since 01 juillet 2005

Ended

Laurent Forton

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
LIEN POTTIE● Active	0883.006.143

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/01/2026	07/01/2025	26/01/2024	13/01/2023	28/01/2022	19/01/2021
General meeting	20/12/2025	20/12/2024	30/12/2023	30/12/2022	30/12/2021	20/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	20/12/2025	06/01/2026	Dutch	PDF
Abridged model	30/06/2024	20/12/2024	07/01/2025	Dutch	PDF
Abridged model	30/06/2023	30/12/2023	26/01/2024	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	13/01/2023	Dutch	PDF
Abridged model	30/06/2021	30/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	20/12/2020	19/01/2021	Dutch	PDF
Abridged model	30/06/2019	10/12/2019	10/01/2020	Dutch	PDF
Micro model	30/06/2018	11/12/2018	07/01/2019	Dutch	PDF
Micro model	30/06/2017	12/12/2017	08/01/2018	Dutch	PDF
Abridged model	30/06/2016	13/12/2016	16/01/2017	Dutch	PDF
Abridged model	30/06/2015	08/12/2015	11/01/2016	Dutch	PDF
Abridged model	30/06/2014	09/12/2014	23/01/2015	Dutch	PDF
Abridged model	30/06/2013	10/12/2013	24/01/2014	Dutch	PDF
Abridged model	30/06/2012	11/12/2012	28/01/2013	Dutch	PDF
Abridged model	30/06/2011	13/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	14/12/2010	26/01/2011	Dutch	PDF
Abridged model	30/06/2009	08/12/2009	25/01/2010	Dutch	PDF
Abridged model	30/06/2008	09/12/2008	26/01/2009	Dutch	PDF
Abridged model	30/06/2007	11/12/2007	15/01/2008	Dutch	PDF
Abridged model	30/06/2006	10/10/2006	25/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 1 active · 3 ended

Active mandates

Laurent Forton

Director

Active

Ended mandates

Laurent Forton

Administrator - manager · since 01 juillet 2005

Ended

LAURENT FORTON

Manager · since 01 juillet 2005

Ended

Laurent Forton

Administrator - manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/04/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/02/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/06/2018
KAPITAAL - AANDELEN
PDF
Registered office02/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office10/07/2012
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Registered office28/06/2011
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares16/08/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office27/07/2007
MAATSCHAPPELIJKE ZETEL - BENAMING - KAPITAAL - AANDELEN - DOEL - 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 202539 k €↑
2024
Annual accounts 20249,1 k €↓
2023
Annual accounts 202325,3 k €↑
2022
Annual accounts 20223,9 k €↓
2021
Annual accounts 202126,7 k €↑
2020
Annual accounts 202024,5 k €↓
2019
Annual accounts 201946,9 k €↓
2018
Annual accounts 201855 k €↑
2017
Annual accounts 201714,9 k €↑
2016
Annual accounts 20166,9 k €↓
2015
Annual accounts 201515,9 k €↓
2014
Annual accounts 201418,6 k €↑
2013
Annual accounts 201318,2 k €↑
2012
Annual accounts 201211,3 k €↓
2011
Annual accounts 201143,6 k €↑
2010
Annual accounts 2010-36,6 k €↓
2009
Annual accounts 2009430 €↑
2008
Annual accounts 2008-23,5 k €
18/06/1987
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

FORTINORM

Overview

What does FORTINORM 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