ACTIVE

FOR C

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Financial year 2025 · closed on 30/09/2025

Net result

29,7 k €

-16.8% YoY

Gross margin

294,1 k €

+1.3% YoY

Equity

494,5 k €

+6.4% YoY

Workforce

1,0 ETP

0.0% YoY

What does FOR C do?

FOR C is a Public limited company incorporated in 1992. Its registered office is in Dilbeek. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.875.832

Incorporation

18/03/1992

Legal form

Public limited company

Registered office

Kapelstraat 79
1700 Dilbeek · FlandreSee on map

Contributed capital

80 565,39 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Joint committees (2)

20000
218

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	294,1 k €	+1.3%	290,2 k €	+55.8%	186,2 k €	+1.7%	183,1 k €	+22.6%	149,3 k €	-3.1%	154 k €	+1.3%	152,1 k €	+15.8%	131,3 k €	-1.1%	132,8 k €	+20.5%	110,1 k €	-17.5%	133,5 k €	+3.4%	129,2 k €	-1.5%	131,1 k €	+19.0%	110,2 k €	-57.7%	260,2 k €	+35.5%	191,9 k €	+12.5%	170,6 k €	-6.8%	183 k €	+10.7%	165,4 k €
EBITDA	217,5 k €	+0.8%	215,7 k €	+81.1%	119,1 k €	+6.2%	112,2 k €	+30.1%	86,2 k €	-14.9%	101,4 k €	+0.8%	100,6 k €	+52.7%	65,9 k €	+8.9%	60,5 k €	+4.1%	58,1 k €	-31.4%	84,6 k €	+6.7%	79,3 k €	-1.1%	80,2 k €	+31.4%	61,1 k €	-71.0%	210,2 k €	+46.8%	143,2 k €	+18.7%	120,7 k €	-1.2%	122,1 k €	+1.4%	120,4 k €
Operating result	182,7 k €	+1.2%	180,6 k €	+115%	84 k €	+4.4%	80,5 k €	+26.9%	63,4 k €	-19.8%	79,1 k €	+12.9%	70,1 k €	+98.1%	35,4 k €	+18.0%	30 k €	-17.8%	36,5 k €	-40.7%	61,5 k €	+16.1%	53 k €	+4.7%	50,6 k €	+66.8%	30,3 k €	-82.4%	172,5 k €	+84.2%	93,6 k €	+78.9%	52,3 k €	+17.1%	44,7 k €	+47.3%	30,3 k €
Net result	29,7 k €	-16.8%	35,7 k €	+462%	6,4 k €	+157%	2,5 k €	-21.5%	3,2 k €	-65.2%	9,1 k €	-65.2%	26 k €	+2258%	1,1 k €	+1511%	68,5 €	-98.8%	5,8 k €	-91.8%	71,3 k €	+590%	10,3 k €	-78.9%	48,9 k €	+843%	-6,6 k €	-590%	1,3 k €	-17.5%	1,6 k €	-60.1%	4,1 k €	-67.1%	12,4 k €	-66.3%	36,9 k €
Balance sheet
Equity	494,5 k €	+6.4%	464,7 k €	+8.3%	429 k €	+1.5%	422,6 k €	+0.6%	420,1 k €	+0.8%	417 k €	+2.2%	407,9 k €	+6.8%	381,9 k €	+0.3%	380,8 k €	+0.0%	380,7 k €	+1.6%	374,9 k €	+23.5%	303,5 k €	+3.5%	293,2 k €	+20.0%	244,3 k €	-2.6%	250,9 k €	+0.5%	249,5 k €	+0.7%	247,9 k €	+1.7%	243,8 k €	+5.4%	231,4 k €
Total assets	4,9 M €	-1.3%	4,9 M €	+0.3%	4,9 M €	-0.6%	5 M €	+8.8%	4,6 M €	-0.1%	4,6 M €	+104%	2,2 M €	+20.8%	1,9 M €	-2.5%	1,9 M €	+4.6%	1,8 M €	+10.2%	1,6 M €	-20.2%	2,1 M €	-1.4%	2,1 M €	+14.9%	1,8 M €	-4.8%	1,9 M €	-2.3%	2 M €	-3.3%	2 M €	-4.2%	2,1 M €	+83.6%	1,2 M €
Cash	13,9 k €	+3.9%	13,4 k €	+30.6%	10,3 k €	+328%	2,4 k €	+5267%	44,7 €	-99.2%	5,8 k €	-71.9%	20,8 k €	+255%	5,9 k €	-56.2%	13,4 k €	+167962%	8 €	-99.7%	2,8 k €		–		1,3 k €	-80.6%	6,6 k €	-91.7%	80,1 k €	+2413%	3,2 k €	+61.6%	2 k €	-90.0%	19,8 k €	+1686%	1,1 k €
Debts	4,3 M €	-2.2%	4,4 M €	-0.6%	4,5 M €	-0.8%	4,5 M €	+9.6%	4,1 M €	-0.0%	4,1 M €	+130%	1,8 M €	+25.1%	1,4 M €	-3.3%	1,5 M €	+6.0%	1,4 M €	+12.7%	1,2 M €	-28.7%	1,7 M €	-2.2%	1,8 M €	+14.5%	1,6 M €	-5.1%	1,6 M €	-2.5%	1,7 M €	-4.1%	1,7 M €	-5.1%	1,8 M €	+106%	895,4 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	+12.5%	0,8 ETP	-33.3%	1,2 ETP	-7.7%	1,3 ETP	+30.0%	1,0 ETP	+25.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-20.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 15 ended

Active mandates

Peter De Sutter

Director · since 09 novembre 2023

Active

Ended mandates

Peter De Sutter

Managing director · since 09 novembre 2023

Ended

Kristof De Sutter

Director · since 04 février 2022 · until 04 février 2028

Ended

Peter De Sutter

Director · since 04 février 2022 · until 04 février 2028

Ended

Kristof De Sutter

Director · since 05 février 2016 · until 04 février 2022

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	06/03/2025	13/02/2024	18/04/2023	07/02/2022	23/02/2021
General meeting	09/03/2026	28/02/2025	02/02/2024	03/02/2023	04/02/2022	05/02/2021
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	30/09/2025	09/03/2026	31/03/2026	Dutch	PDF
Abridged model	30/09/2024	28/02/2025	06/03/2025	Dutch	PDF
Abridged model	30/09/2023	02/02/2024	13/02/2024	Dutch	PDF
Abridged model	30/09/2022	03/02/2023	18/04/2023	Dutch	PDF
Abridged model	30/09/2021	04/02/2022	07/02/2022	Dutch	PDF
Abridged model	30/09/2020	05/02/2021	23/02/2021	Dutch	PDF
Abridged model	30/09/2019	07/02/2020	24/02/2020	Dutch	PDF
Abridged model	30/09/2018	01/02/2019	19/03/2019	Dutch	PDF
Abridged model	30/09/2017	02/02/2018	05/02/2018	Dutch	PDF
Abridged model	30/09/2016	03/02/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	05/02/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/02/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/02/2014	11/02/2014	Dutch	PDF
Abridged model	30/09/2012	01/02/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	03/02/2012	30/05/2012	Dutch	PDF
Abridged model	30/09/2010	04/02/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	05/02/2010	25/03/2010	Dutch	PDF
Abridged model	30/09/2008	06/02/2009	28/04/2009	Dutch	PDF
Abridged model	30/09/2007	01/02/2008	14/02/2008	Dutch	PDF
Abridged model	30/09/2006	02/02/2007	28/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/09/2025 · 1 active · 15 ended

Active mandates

Peter De Sutter

Director · since 09 novembre 2023

Active

Ended mandates

Peter De Sutter

Managing director · since 09 novembre 2023

Ended

Kristof De Sutter

Director · since 04 février 2022 · until 04 février 2028

Ended

Peter De Sutter

Director · since 04 février 2022 · until 04 février 2028

Ended

Kristof De Sutter

Director · since 05 février 2016 · until 04 février 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2004
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 202529,7 k €↓
2024
Annual accounts 202435,7 k €↑
2023
Annual accounts 20236,4 k €↑
2022
Annual accounts 20222,5 k €↓
2021
Annual accounts 20213,2 k €↓
2020
Annual accounts 20209,1 k €↓
2019
Annual accounts 201926 k €↑
2018
Annual accounts 20181,1 k €↑
2017
Annual accounts 201768,5 €↓
2016
Annual accounts 20165,8 k €↓
2015
Annual accounts 201571,3 k €↑
2014
Annual accounts 201410,3 k €↓
2013
Annual accounts 201348,9 k €↑
2012
Annual accounts 2012-6,6 k €↓
2011
Annual accounts 20111,3 k €↓
2010
Annual accounts 20101,6 k €↓
2009
Annual accounts 20094,1 k €↓
2008
Annual accounts 200812,4 k €↓
2007
Annual accounts 200736,9 k €
18/03/1992
IncorporationPublic 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

FOR C

Overview

What does FOR C do?

Trend over 19 financial years

Indicative valuation

Board of directors

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