ACTIVE

FORTECH

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Financial year 2025 · closed on 30/06/2025

Net result

119,9 k €

-79.3% YoY

Gross margin

1,1 M €

-29.7% YoY

Equity

7,4 M €

+0.0% YoY

Workforce

2,9 ETP

+141.7% YoY

What does FORTECH do?

FORTECH is a Private limited company incorporated in 2000. Its main activity is: Production of electricity. Its registered office is in Sint-Gillis-Waas. It employs on average 2,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.734.646

Incorporation

21/09/2000

Legal form

Private limited company

Registered office

Samelstraat(SGW) 21A
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

547 440,00 €

Latest accounts

30/06/2025

Average workforce

2,9 ETP

Activities (NACE)

35110Production of electricity· main 35120Transmission of electricity

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	1,1 M €	-29.7%	1,6 M €	-6.3%	1,7 M €	+7.3%	1,6 M €	-38.7%	2,6 M €	-17.4%	3,1 M €	+47.8%	2,1 M €	-40.2%	3,5 M €	+45.1%	2,4 M €	-21.1%	3,1 M €	-19.6%	3,8 M €	-12.3%	4,4 M €	+17.5%	3,7 M €	+78.4%	2,1 M €	+21.9%	1,7 M €	-8.0%	1,9 M €	+20.1%	1,5 M €	-4.6%	1,6 M €	+0.5%	1,6 M €
EBITDA	785,4 k €	+9.2%	719 k €	-54.8%	1,6 M €	+7.1%	1,5 M €	-32.4%	2,2 M €	-19.5%	2,7 M €	+0.2%	2,7 M €	+2.1%	2,7 M €	+12.9%	2,4 M €	-21.6%	3 M €	-19.8%	3,8 M €	-12.4%	4,3 M €	+17.7%	3,6 M €	+66.8%	2,2 M €	+19.6%	1,8 M €	-3.1%	1,9 M €	+58.6%	1,2 M €	-18.0%	1,5 M €	-8.9%	1,6 M €
Operating result	260 k €	+14.8%	226,6 k €	-80.1%	1,1 M €	+225%	351 k €	-51.6%	725,5 k €	-41.6%	1,2 M €	+66.1%	747,7 k €	+0.1%	747 k €	+56.9%	476 k €	-57.7%	1,1 M €	+9.4%	1 M €	-23.3%	1,3 M €	+45.9%	919,2 k €	+122%	413,6 k €	+44.4%	286,4 k €	-42.8%	500,4 k €	+68.4%	297,2 k €	+76.0%	168,9 k €	-62.7%	452,8 k €
Net result	119,9 k €	-79.3%	580,2 k €	-18.8%	714,4 k €	+227%	218,8 k €	-42.1%	378 k €	-46.0%	699,5 k €	+50.5%	464,7 k €	-22.4%	598,7 k €	+130%	260,3 k €	-43.6%	461,5 k €	-1.6%	468,9 k €	-28.8%	658,1 k €	-1.6%	669,1 k €	+150%	267,4 k €	+105%	130,2 k €	-64.2%	363,6 k €	+58.0%	230 k €	+291%	58,9 k €	-80.6%	304,2 k €
Balance sheet
Equity	7,4 M €	+0.0%	7,4 M €	+5.8%	7 M €	+8.8%	6,5 M €	+0.5%	6,4 M €	+3.0%	6,3 M €	+6.1%	5,9 M €	+7.2%	5,5 M €	+5.8%	5,2 M €	-0.7%	5,2 M €	+3.5%	5,1 M €	+2.5%	4,9 M €	+30.9%	3,8 M €	+43.9%	2,6 M €	+12.3%	2,3 M €	-3.8%	2,4 M €	+5.2%	2,3 M €	+8.7%	2,1 M €	-7.3%	2,3 M €
Total assets	13,6 M €	-1.1%	13,7 M €	+4.4%	13,1 M €	+5.3%	12,5 M €	-0.9%	12,6 M €	-10.8%	14,1 M €	-2.1%	14,4 M €	-17.5%	17,5 M €	+39.6%	12,5 M €	-2.0%	12,8 M €	-11.4%	14,4 M €	-17.9%	17,5 M €	-7.7%	19 M €	+59.2%	11,9 M €	+18.5%	10,1 M €	-2.9%	10,4 M €	-3.2%	10,7 M €	+55.9%	6,9 M €	-7.7%	7,4 M €
Cash	1,5 M €	-79.8%	7,2 M €	+22.2%	5,9 M €	+15.3%	5,1 M €	+31.6%	3,9 M €	-24.4%	5,1 M €	+114%	2,4 M €	-48.8%	4,7 M €	+34.8%	3,5 M €	+125%	1,5 M €	-28.6%	2,2 M €	-30.1%	3,1 M €	+33.1%	2,3 M €	+62.5%	1,4 M €	-25.6%	1,9 M €	+131%	831,1 k €	-7.5%	898,4 k €	+93.1%	465,3 k €	-50.4%	937,4 k €
Debts	4,3 M €	-5.1%	4,5 M €	-6.6%	4,8 M €	+1.1%	4,8 M €	-3.5%	5 M €	-28.6%	7 M €	-12.2%	7,9 M €	-25.8%	10,7 M €	+55.6%	6,9 M €	-0.5%	6,9 M €	-21.3%	8,8 M €	-26.0%	11,9 M €	-17.8%	14,4 M €	+69.4%	8,5 M €	+25.6%	6,8 M €	-0.8%	6,8 M €	-5.3%	7,2 M €	+69.2%	4,3 M €	-10.4%	4,8 M €
Other
Workforce	2,9 ETP	+142%	1,2 ETP	+50.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 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 30/06/2025 · 1 active · 4 ended

Active mandates

FORTECH STUDIE

Mandate · 0478.683.023

Represented by Christiaan Derde

Active

Ended mandates

FORTECH STUDIE

Mandate · 0478.683.023

Represented by Christiaan Derde

Ended

FORTECH STUDIE

Director · 0478.683.023

Represented by Christiaan Derde

Ended

LDP ADVIES

Mandate · 0445.392.227

Represented by Christiaan Derde

Ended

LDP ADVIES

Mandate · 0445.392.227

Represented by Christiaan Derde

Ended

At this address

Other companies at this address

Company	CBE no.
FORTECH STUDIE● Active	0478.683.023
HIRUNDO HORIZON● Active	1012.376.033
WASE WIND● Active	0476.210.711

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	09/12/2025	03/12/2024	13/12/2023	23/11/2022	08/12/2021	19/12/2020
General meeting	25/11/2025	26/11/2024	28/11/2023	22/11/2022	23/11/2021	24/11/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	30/06/2025	25/11/2025	09/12/2025	Dutch	PDF
Abridged model	30/06/2025	25/11/2025	04/12/2025	Dutch	PDF
Abridged model	30/06/2024	26/11/2024	03/12/2024	Dutch	PDF
Abridged model	30/06/2023	28/11/2023	13/12/2023	Dutch	PDF
Abridged model	30/06/2022	22/11/2022	23/11/2022	Dutch	PDF
Abridged model	30/06/2021	23/11/2021	08/12/2021	Dutch	PDF
Abridged model	30/06/2020	24/11/2020	19/12/2020	Dutch	PDF
Abridged model	30/06/2019	26/11/2019	03/12/2019	Dutch	PDF
Abridged model	30/06/2018	27/11/2018	20/12/2018	Dutch	PDF
Abridged model	30/06/2017	28/11/2017	14/12/2017	Dutch	PDF
Abridged modelCorrection	30/06/2016	22/11/2016	09/11/2017	Dutch	PDF
Abridged model	30/06/2016	22/11/2016	28/11/2016	Dutch	PDF
Abridged model	30/06/2015	24/11/2015	17/12/2015	Dutch	PDF
Abridged model	30/06/2014	25/11/2014	18/12/2014	Dutch	PDF
Abridged model	30/06/2013	26/11/2013	04/12/2013	Dutch	PDF
Abridged model	30/06/2012	27/11/2012	28/11/2012	Dutch	PDF
Abridged model	30/06/2011	22/11/2011	24/11/2011	Dutch	PDF
Abridged model	30/06/2010	23/11/2010	06/12/2010	Dutch	PDF
Abridged model	30/06/2009	24/11/2009	27/11/2009	Dutch	PDF
Abridged model	30/06/2008	25/11/2008	28/11/2008	Dutch	PDF
Abridged model	30/06/2007	27/11/2007	05/12/2007	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 30/06/2025 · 1 active · 4 ended

Active mandates

FORTECH STUDIE

Mandate · 0478.683.023

Represented by Christiaan Derde

Active

Ended mandates

FORTECH STUDIE

Mandate · 0478.683.023

Represented by Christiaan Derde

Ended

FORTECH STUDIE

Director · 0478.683.023

Represented by Christiaan Derde

Ended

LDP ADVIES

Mandate · 0445.392.227

Represented by Christiaan Derde

Ended

LDP ADVIES

Mandate · 0445.392.227

Represented by Christiaan Derde

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/09/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/05/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates31/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2013
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 2025119,9 k €↓
2024
Annual accounts 2024580,2 k €↓
2023
Annual accounts 2023714,4 k €↑
2022
Annual accounts 2022218,8 k €↓
2021
Annual accounts 2021378 k €↓
2020
Annual accounts 2020699,5 k €↑
2019
Annual accounts 2019464,7 k €↓
2018
Annual accounts 2018598,7 k €↑
2017
Annual accounts 2017260,3 k €↓
2016
Annual accounts 2016461,5 k €↓
2015
Annual accounts 2015468,9 k €↓
2014
Annual accounts 2014658,1 k €↓
2013
Annual accounts 2013669,1 k €↑
2012
Annual accounts 2012267,4 k €↑
2011
Annual accounts 2011130,2 k €↓
2010
Annual accounts 2010363,6 k €↑
2009
Annual accounts 2009230 k €↑
2008
Annual accounts 200858,9 k €↓
2007
Annual accounts 2007304,2 k €
21/09/2000
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

FORTECH

Overview

What does FORTECH do?

Trend over 19 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