ACTIVE

FORS MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

5 k €

+147.1% YoY

Gross margin

-17,8 k €

-96.6% YoY

Equity

4,3 M €

+0.1% YoY

What does FORS MANAGEMENT do?

FORS MANAGEMENT is a Private limited company incorporated in 1998. Its registered office is in Saint-Josse-ten-Noode.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.249.927

Incorporation

08/05/1998

Legal form

Private limited company

Registered office

Boulevard Saint-Lazare 4/10
1210 Saint-Josse-ten-Noode · BruxellesSee on map

Contributed capital

4 402 739,02 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-17,8 k €	-96.6%	-9,1 k €	-39.4%	-6,5 k €	-148%	-2,6 k €	+72.4%	-9,5 k €	-57.1%	-6,1 k €	-73.3%	-3,5 k €	-1.9%	-3,4 k €	+0.5%	-3,4 k €	+4.4%	-3,6 k €	+1.6%	-3,7 k €	-1.7%	-3,6 k €	-3.5%	-3,5 k €	+13.9%	-4 k €	-1.3%	-4 k €	+31.8%	-5,9 k €	-318%	2,7 k €	+5823%	45,4 €	+100%	-10 k €	+81.9%	-55,4 k €
EBITDA	-18,8 k €	-87.7%	-10 k €	-34.4%	-7,5 k €	-114%	-3,5 k €	+63.3%	-9,5 k €	-37.4%	-6,9 k €	-58.7%	-4,4 k €	-1.5%	-4,3 k €	+0.4%	-4,3 k €	+3.5%	-4,5 k €	+4.2%	-4,7 k €	-2.4%	-4,6 k €	-2.3%	-4,5 k €	+10.9%	-5 k €	-1.4%	-4,9 k €	+29.1%	-7 k €	-678%	1,2 k €	+212%	-1,1 k €	+92.1%	-13,5 k €	+76.0%	-56,4 k €
Operating result	-18,8 k €	-87.7%	-10 k €	-34.4%	-7,5 k €	-114%	-3,5 k €	+63.3%	-9,5 k €	-37.4%	-6,9 k €	-58.7%	-4,4 k €	-1.5%	-4,3 k €	+0.4%	-4,3 k €	+3.5%	-4,5 k €	+4.2%	-4,7 k €	-2.4%	-4,6 k €	-2.3%	-4,5 k €	+10.9%	-5 k €	-1.4%	-4,9 k €	+29.1%	-7 k €	-678%	1,2 k €	+128%	-4,3 k €	+75.6%	-17,6 k €	+70.9%	-60,4 k €
Net result	5 k €	+147%	-10,5 k €	-32.2%	-8 k €	-105%	-3,9 k €	+60.5%	-9,8 k €	-38.9%	-7,1 k €	-62.1%	-4,4 k €	+1.6%	-4,4 k €	+0.4%	-4,4 k €	+3.1%	-4,6 k €	-100%	2,1 M €	+44681%	-4,8 k €	-4.4%	-4,6 k €	+11.9%	-5,2 k €	-100%	1,2 M €	+15447%	-7,5 k €	-601%	1,5 k €	+100%	-821,7 k €	-4526%	-17,8 k €	+71.2%	-61,7 k €
Balance sheet
Equity	4,3 M €	+0.1%	4,3 M €	-0.2%	4,3 M €	-0.2%	4,3 M €	-0.1%	4,3 M €	-0.2%	4,3 M €	-0.2%	4,3 M €	-0.1%	4,3 M €	-0.1%	4,3 M €	-0.1%	4,3 M €	-0.1%	4,3 M €	+97.2%	2,2 M €	-0.2%	2,2 M €	-0.2%	2,2 M €	-0.2%	2,2 M €	+108%	1,1 M €	-0.7%	1,1 M €	+0.1%	1,1 M €	-43.5%	1,9 M €	-0.9%	1,9 M €
Total assets	4,5 M €	-0.0%	4,5 M €	+0.0%	4,5 M €	+0.0%	4,5 M €	-0.0%	4,5 M €	-0.0%	4,5 M €	-0.0%	4,5 M €	+0.0%	4,5 M €	-0.0%	4,5 M €	-0.0%	4,5 M €	-0.0%	4,5 M €	+92.7%	2,3 M €	-0.0%	2,3 M €	-0.0%	2,3 M €	-0.0%	2,3 M €	+99.9%	1,2 M €	-0.2%	1,2 M €	-1.0%	1,2 M €	-40.8%	2 M €	-0.9%	2 M €
Cash	293,5 €	-50.0%	587,2 €	+343%	132,6 €		0 €	-100%	22,1 €	-21.4%	28,2 €	-77.5%	125 €		–		59,6 €	-69.3%	194,2 €	-38.1%	313,8 €	-23.3%	409,4 €	-25.2%	547,3 €	-20.1%	685 €	-28.4%	956,8 €	-55.5%	2,2 k €	+362%	466,2 €	-52.6%	982,5 €	-73.7%	3,7 k €	-39.8%	6,2 k €
Debts	168,2 k €	-3.0%	173,5 k €	+6.8%	162,5 k €	+5.2%	154,4 k €	+2.6%	150,5 k €	+7.0%	140,7 k €	+5.2%	133,8 k €	+3.5%	129,3 k €	+3.5%	124,9 k €	+3.6%	120,6 k €	+3.9%	116,1 k €	+4.2%	111,5 k €	+4.4%	106,8 k €	+4.4%	102,3 k €	+5.1%	97,4 k €	+4.2%	93,5 k €	+6.3%	88 k €	-13.4%	101,6 k €	+15.7%	87,8 k €	+0.4%	87,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Sten FORSEKE

Director · since 01 août 2024

Active

Ended mandates

Sten FORSEKE

Director · since 08 mai 1998

Ended

Sten Forseke

Manager · since 07 mai 1998

Ended

Sten FORSEKE

Director · since 07 mai 1998

Ended

Sten Forseke

Manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	06/08/2026	30/06/2025	10/07/2024	27/06/2023	21/09/2022	11/06/2021
General meeting	30/06/2026	27/06/2025	21/06/2024	23/06/2023	08/09/2022	04/06/2021
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
Micro model	31/12/2025	30/06/2026	06/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	30/06/2025	French	PDF
Micro model	31/12/2023	21/06/2024	10/07/2024	French	PDF
Micro model	31/12/2022	23/06/2023	27/06/2023	French	PDF
Micro model	31/12/2021	08/09/2022	21/09/2022	French	PDF
Micro model	31/12/2020	04/06/2021	11/06/2021	French	PDF
Micro model	31/12/2019	24/08/2020	04/09/2020	French	PDF
Micro model	31/12/2018	17/06/2019	25/06/2019	French	PDF
Micro model	31/12/2017	08/06/2018	22/06/2018	French	PDF
Micro model	31/12/2016	28/08/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	05/09/2016	09/09/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	30/10/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	19/09/2014	French	PDF
Abridged model	31/12/2012	30/08/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	19/09/2012	26/09/2012	French	PDF
Abridged model	31/12/2010	01/06/2011	28/11/2011	French	PDF
Abridged model	31/12/2009	26/08/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	21/08/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	31/07/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 5 ended

Active mandates

Sten FORSEKE

Director · since 01 août 2024

Active

Ended mandates

Sten FORSEKE

Director · since 08 mai 1998

Ended

Sten Forseke

Manager · since 07 mai 1998

Ended

Sten FORSEKE

Director · since 07 mai 1998

Ended

Sten Forseke

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office21/02/2025
SIEGE SOCIAL
PDF
Mandates08/08/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2012
SIEGE SOCIAL - 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 20255 k €↑
2024
Annual accounts 2024-10,5 k €↓
2023
Annual accounts 2023-8 k €↓
2022
Annual accounts 2022-3,9 k €↑
2021
Annual accounts 2021-9,8 k €↓
2020
Annual accounts 2020-7,1 k €↓
2019
Annual accounts 2019-4,4 k €↑
2018
Annual accounts 2018-4,4 k €↑
2017
Annual accounts 2017-4,4 k €↑
2016
Annual accounts 2016-4,6 k €↓
2015
Annual accounts 20152,1 M €↑
2014
Annual accounts 2014-4,8 k €↓
2013
Annual accounts 2013-4,6 k €↑
2012
Annual accounts 2012-5,2 k €↓
2011
Annual accounts 20111,2 M €↑
2010
Annual accounts 2010-7,5 k €↓
2009
Annual accounts 20091,5 k €↑
2008
Annual accounts 2008-821,7 k €↓
2007
Annual accounts 2007-17,8 k €↑
2006
Annual accounts 2006-61,7 k €
08/05/1998
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

FORS MANAGEMENT

Overview

What does FORS MANAGEMENT do?

Trend over 20 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