ACTIVE

FOREVER PRODUCTS

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

-12.3% YoY

Revenue

24,2 M €

-3.8% YoY

Equity

8,4 M €

+19.0% YoY

Workforce

44,3 ETP

-1.8% YoY

What does FOREVER PRODUCTS do?

FOREVER PRODUCTS is a Public limited company incorporated in 1997. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Courcelles. It employs on average 44,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.786.037

Incorporation

10/01/1997

Legal form

Public limited company

Registered office

Rue de la Glacerie(CO) 122
6180 Courcelles · WallonieSee on map

Contributed capital

1 180 000,00 €

Latest accounts

31/12/2025

Average workforce

44,3 ETP

Activities (NACE)

20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main 20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics 24300Manufacture of other products of first processing of steel 46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 51550Air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2016		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	24,2 M €	-3.8%	25,1 M €	+4.4%	24 M €	+3.4%	23,2 M €	+15.6%	20,1 M €	+63.6%	12,3 M €	+4.3%	11,8 M €	-1.9%	12 M €	+4.8%	11,5 M €	-5.0%	12,1 M €	+4.8%	11,5 M €	+7.8%	10,7 M €	+10.5%	9,7 M €	-7.4%	10,4 M €
EBITDA	2,9 M €	-8.5%	3,1 M €	+9.6%	2,8 M €	+9.4%	2,6 M €	+5.1%	2,5 M €	+66.6%	1,5 M €	+25.6%	1,2 M €	-8.6%	1,3 M €	+41.4%	914,5 k €	-40.2%	1,5 M €	-16.6%	1,8 M €	+134%	785 k €	+83.5%	427,8 k €	+498%	-107,4 k €
Operating result	2,3 M €	-10.3%	2,6 M €	+8.6%	2,4 M €	+12.5%	2,1 M €	+4.0%	2 M €	+70.7%	1,2 M €	+24.4%	964,4 k €	-10.7%	1,1 M €	+62.5%	664,8 k €	-49.3%	1,3 M €	-17.1%	1,6 M €	+211%	508,5 k €	+230%	153,9 k €	+128%	-549,6 k €
Net result	1,3 M €	-12.3%	1,5 M €	+11.7%	1,4 M €	+15.6%	1,2 M €	+1.0%	1,2 M €	+80.4%	651,8 k €	+19.3%	546,4 k €	-9.1%	600,8 k €	+59.8%	376,1 k €	-60.3%	947,5 k €	-28.4%	1,3 M €	+429%	250,1 k €	+2220%	10,8 k €	+101%	-845,2 k €
Balance sheet
Equity	8,4 M €	+19.0%	7,1 M €	+27.6%	5,5 M €	+32.9%	4,2 M €	+4.7%	4 M €	+5.2%	3,8 M €	+7.8%	3,5 M €	+19.3%	2,9 M €	+25.6%	2,3 M €	+59.2%	1,5 M €	+168%	549,2 k €	+173%	-748,7 k €	+23.3%	-975,6 k €	-15.0%	-848,6 k €
Total assets	13,5 M €	+11.8%	12,1 M €	+11.3%	10,9 M €	+4.9%	10,4 M €	-1.0%	10,5 M €	+62.9%	6,4 M €	+4.7%	6,1 M €	+11.2%	5,5 M €	+15.0%	4,8 M €	-12.4%	5,5 M €	+28.7%	4,3 M €	+3.9%	4,1 M €	+1.4%	4 M €	-15.1%	4,8 M €
Cash	1,9 M €	+193%	660,6 k €	+217%	208,7 k €	-65.8%	610,3 k €	-12.5%	697,1 k €	+820%	75,7 k €	-24.3%	100,1 k €	-29.7%	142,4 k €	-10.1%	158,4 k €	+24.2%	127,5 k €	-24.6%	169 k €	+4.3%	162,1 k €	-35.2%	250,3 k €	+50.7%	166,1 k €
Debts	3,9 M €	-8.3%	4,2 M €	-3.4%	4,4 M €	-20.0%	5,5 M €	-8.1%	6 M €	+132%	2,6 M €	+8.5%	2,4 M €	-1.8%	2,4 M €	+4.4%	2,3 M €	-38.2%	3,7 M €	+7.2%	3,5 M €	-25.1%	4,7 M €	+2.7%	4,5 M €	-10.9%	5,1 M €
Other
Workforce	44,3 ETP	-1.8%	45,1 ETP	+3.0%	43,8 ETP	+2.3%	42,8 ETP	-0.9%	43,2 ETP	+21.3%	35,6 ETP	+5.0%	33,9 ETP	-0.9%	34,2 ETP	-0.9%	34,5 ETP	+9.5%	31,5 ETP	+2.3%	30,8 ETP	+3.4%	29,8 ETP	-6.6%	31,9 ETP	-14.9%	37,5 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 · 2 active · 21 ended

Active mandates

Olivier BLONDEAU

Managing director · since 11 mai 2021 · until 11 mai 2027

Active

Philippe BLONDEAU

Director · since 11 mai 2021 · until 11 mai 2027

Active

Ended mandates

Olivier Blondeau

Managing director · since 11 mai 2021 · until 10 mai 2027

Ended

Philippe Blondeau

Director · since 11 mai 2021 · until 10 mai 2027

Ended

Blondeau SAS

Director · since 03 juin 2015 · until 20 août 2021

Represented by Olivier Blondeau

Ended

BLONDEAU SAS SE

Chairman of the board of directors · since 03 juin 2015 · until 20 août 2021

Represented by Olivier BLONDEAU

Ended

At this address

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MY AMOR TRANSPORT● Active	0723.998.003
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TRANSAFLO● Active	0474.595.858
VEGAweb● Active	1030.574.124

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	26/05/2026	13/05/2025	21/05/2024	30/05/2023	20/06/2022	04/06/2021
General meeting	21/05/2026	24/04/2025	25/04/2024	27/04/2023	25/05/2022	11/05/2021
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
Full model	31/12/2025	21/05/2026	26/05/2026	French	PDF
Full model	31/12/2024	24/04/2025	13/05/2025	French	PDF
Full model	31/12/2023	25/04/2024	21/05/2024	French	PDF
Full model	31/12/2022	27/04/2023	30/05/2023	French	PDF
Full model	31/12/2021	25/05/2022	20/06/2022	French	PDF
Full model	31/12/2020	11/05/2021	04/06/2021	French	PDF
Full model	31/12/2019	22/07/2020	26/08/2020	French	PDF
Full model	31/12/2018	22/05/2019	03/06/2019	French	PDF
Full model	31/12/2017	25/04/2018	08/05/2018	French	PDF
Full model	31/12/2016	17/05/2017	06/07/2017	French	PDF
Full model	31/12/2015	01/06/2016	14/06/2016	French	PDF
Full model	31/12/2014	03/06/2015	29/07/2015	French	PDF
Full model	31/12/2013	22/05/2014	26/05/2014	French	PDF
Full model	31/12/2012	15/05/2013	22/05/2013	French	PDF
Full model	31/12/2011	22/05/2012	18/06/2012	French	PDF
Full model	31/12/2010	18/05/2011	23/06/2011	French	PDF
Full model	31/12/2009	19/05/2010	18/06/2010	French	PDF
Full model	31/12/2008	26/05/2009	22/06/2009	French	PDF
Full model	31/12/2007	29/05/2008	09/07/2008	French	PDF
Full model	31/12/2006	29/05/2007	24/07/2007	French	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 · 2 active · 21 ended

Active mandates

Olivier BLONDEAU

Managing director · since 11 mai 2021 · until 11 mai 2027

Active

Philippe BLONDEAU

Director · since 11 mai 2021 · until 11 mai 2027

Active

Ended mandates

Olivier Blondeau

Managing director · since 11 mai 2021 · until 10 mai 2027

Ended

Philippe Blondeau

Director · since 11 mai 2021 · until 10 mai 2027

Ended

Blondeau SAS

Director · since 03 juin 2015 · until 20 août 2021

Represented by Olivier Blondeau

Ended

BLONDEAU SAS SE

Chairman of the board of directors · since 03 juin 2015 · until 20 août 2021

Represented by Olivier BLONDEAU

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other22/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates24/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates31/08/2015
DEMISSIONS, NOMINATIONS
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 20251,3 M €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 20211,2 M €↑
2016
Annual accounts 2016651,8 k €↑
2014
Annual accounts 2014546,4 k €↓
2013
Annual accounts 2013600,8 k €↑
2012
Annual accounts 2012376,1 k €↓
2010
Annual accounts 2010947,5 k €↓
2009
Annual accounts 20091,3 M €↑
2008
Annual accounts 2008250,1 k €↑
2007
Annual accounts 200710,8 k €↑
2006
Annual accounts 2006-845,2 k €
10/01/1997
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

FOREVER PRODUCTS

Overview

What does FOREVER PRODUCTS do?

Trend over 14 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