ACTIVE

ORBIS

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Financial year 2025 · closed on 31/12/2025

Net result

1 M €

+17.1% YoY

Revenue

22,5 M €

+27.0% YoY

Equity

15,7 M €

+7.0% YoY

Workforce

6,0 ETP

0.0% YoY

What does ORBIS do?

ORBIS is a Public limited company incorporated in 1996. Its registered office is in Ieper. It employs on average 6,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.220.170

Incorporation

15/11/1996

Legal form

Public limited company

Registered office

Oostkaai 84
8900 Ieper · FlandreSee on map

Contributed capital

258 429,00 €

Latest accounts

31/12/2025

Average workforce

6,0 ETP

Joint committees (4)

200
2000
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	22,5 M €	+27.0%	17,7 M €	-27.9%	24,6 M €	-11.7%	27,8 M €	+15.5%	24,1 M €	-5.7%	25,6 M €	+16.6%	21,9 M €	+2.2%	21,5 M €	+4.4%	20,6 M €	+58.2%	13 M €	+2.1%	12,7 M €	+38.4%	9,2 M €	+23.3%	7,5 M €	+85.9%	4 M €		–		–		–
EBITDA	1,4 M €	+19.9%	1,1 M €	-51.5%	2,4 M €	-15.9%	2,8 M €	+34.6%	2,1 M €	-48.5%	4 M €	+69.7%	2,4 M €	+13.4%	2,1 M €	-22.5%	2,7 M €	+39.8%	1,9 M €	+39.9%	1,4 M €	+60.5%	862,4 k €	+22.3%	705 k €	+149%	283,3 k €	-64.6%	799,4 k €	-32.5%	1,2 M €	+161%	453,3 k €
Operating result	1,1 M €	-8.5%	1,2 M €	-36.1%	1,9 M €	-26.8%	2,6 M €	-32.9%	3,8 M €	+86.3%	2 M €	+83.6%	1,1 M €	+8.1%	1 M €	-61.3%	2,7 M €	+45.5%	1,8 M €	+40.1%	1,3 M €	+65.8%	787,9 k €	+34.4%	586,4 k €	+433%	110 k €	-81.5%	595,2 k €	-47.3%	1,1 M €	+178%	406,7 k €
Net result	1 M €	+17.1%	874,2 k €	-39.5%	1,4 M €	-31.9%	2,1 M €	-40.9%	3,6 M €	+187%	1,3 M €	+85.1%	676,2 k €	-12.5%	773,2 k €	-54.5%	1,7 M €	+41.5%	1,2 M €	+37.8%	871,9 k €	+50.1%	580,9 k €	+36.0%	427,2 k €	+255%	120,3 k €	-75.5%	492 k €	-39.8%	817,4 k €	+177%	294,7 k €
Balance sheet
Equity	15,7 M €	+7.0%	14,7 M €	+6.3%	13,8 M €	+11.6%	12,4 M €	+20.6%	10,3 M €	+1.6%	10,1 M €	+14.1%	8,9 M €	+8.3%	8,2 M €	+10.4%	7,4 M €	+29.7%	5,7 M €	+26.6%	4,5 M €	+23.9%	3,6 M €	+18.9%	3,1 M €	+16.2%	2,6 M €	+6.7%	2,5 M €	-17.1%	3 M €	+37.7%	2,2 M €
Total assets	18,3 M €	-10.2%	20,4 M €	-9.6%	22,6 M €	+15.5%	19,5 M €	+19.1%	16,4 M €	-9.6%	18,1 M €	+19.9%	15,1 M €	+21.7%	12,4 M €	-7.4%	13,4 M €	+41.0%	9,5 M €	+16.6%	8,2 M €	+41.1%	5,8 M €	+23.0%	4,7 M €	+21.7%	3,9 M €	+26.4%	3,1 M €	-29.9%	4,4 M €	+66.6%	2,6 M €
Cash	4,4 M €	-49.8%	8,7 M €	+47.9%	5,9 M €	+144%	2,4 M €	-31.9%	3,5 M €	+126%	1,6 M €	+102%	774,3 k €	-77.6%	3,5 M €	-1.8%	3,5 M €	+21.0%	2,9 M €	+222%	901,7 k €	-57.2%	2,1 M €	+12.4%	1,9 M €	-6.9%	2 M €	+110%	958,3 k €	+85.2%	517,5 k €	+167%	193,6 k €
Debts	2,6 M €	-54.8%	5,6 M €	-34.9%	8,7 M €	+23.2%	7 M €	+18.7%	5,9 M €	-24.0%	7,8 M €	+32.1%	5,9 M €	+46.6%	4 M €	-30.4%	5,8 M €	+62.7%	3,6 M €	+4.4%	3,4 M €	+76.3%	1,9 M €	+37.2%	1,4 M €	+38.2%	1 M €	+166%	383 k €	-67.5%	1,2 M €	+443%	216,7 k €
Other
Workforce	6,0 ETP	0.0%	6,0 ETP	+3.4%	5,8 ETP	+18.4%	4,9 ETP	+28.9%	3,8 ETP	+11.8%	3,4 ETP	+9.7%	3,1 ETP	+14.8%	2,7 ETP	+35.0%	2,0 ETP	+5.3%	1,9 ETP	+90.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 · 4 active · 30 ended

Active mandates

Mark P. Fogarty

Director · since 30 juin 2022 · until 13 janvier 2026

Active

Brian E. Cothroll

Managing director

Active

Lea Ann Hammen

Director

Active

Mark D. Gorzek

Managing director

Active

Ended mandates

Mark D. Gorzek

Director · since 09 juin 2017 · until 10 juin 2022

Ended

William F. Ash

Managing director · since 09 juin 2017 · until 10 juin 2022

Ended

William F. Ash

Managing director · since 09 juin 2017 · until 31 mars 2023

Ended

Lea Ann Hammen

Director · since 01 juillet 2016 · until 10 juin 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	09/07/2026	16/06/2025	02/07/2024	16/08/2023	25/08/2022	23/08/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	30/06/2023	20/07/2022	23/07/2021
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
Full model	31/12/2025	12/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	13/06/2025	16/06/2025	Dutch	PDF
Full model	31/12/2023	14/06/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	16/08/2023	Dutch	PDF
Full model	31/12/2021	20/07/2022	25/08/2022	Dutch	PDF
Full model	31/12/2020	23/07/2021	23/08/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	30/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	26/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	25/07/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	09/08/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	23/07/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	17/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	17/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	29/08/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	27/07/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	17/07/2007	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 · 4 active · 30 ended

Active mandates

Mark P. Fogarty

Director · since 30 juin 2022 · until 13 janvier 2026

Active

Brian E. Cothroll

Managing director

Active

Lea Ann Hammen

Director

Active

Mark D. Gorzek

Managing director

Active

Ended mandates

Mark D. Gorzek

Director · since 09 juin 2017 · until 10 juin 2022

Ended

William F. Ash

Managing director · since 09 juin 2017 · until 10 juin 2022

Ended

William F. Ash

Managing director · since 09 juin 2017 · until 31 mars 2023

Ended

Lea Ann Hammen

Director · since 01 juillet 2016 · until 10 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2026
HERBENOEMING COMMISSARIS - VOLMACHT
PDF
Other30/04/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/07/2025
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2022
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 M €↑
2024
Annual accounts 2024874,2 k €↓
2023
Annual accounts 20231,4 M €↓
2022
Annual accounts 20222,1 M €↓
2021
Annual accounts 20213,6 M €↑
2018
Annual accounts 20181,3 M €↑
2017
Annual accounts 2017676,2 k €↓
2016
Annual accounts 2016773,2 k €↓
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 20141,2 M €↑
2013
Annual accounts 2013871,9 k €↑
2012
Annual accounts 2012580,9 k €↑
2011
Annual accounts 2011427,2 k €↑
2010
Annual accounts 2010120,3 k €↓
2008
Annual accounts 2008492 k €↓
2007
Annual accounts 2007817,4 k €↑
2006
Annual accounts 2006294,7 k €
15/11/1996
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

ORBIS

Overview

What does ORBIS do?

Trend over 17 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