ACTIVE

OPENFORCE

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Financial year 2021 · closed on 31/12/2021

Net result

7,7 k €

+271.7% YoY

Gross margin

8,8 k €

+296.3% YoY

Equity

18,7 k €

+69.6% YoY

What does OPENFORCE do?

OPENFORCE is a Private limited company incorporated in 2001. Its main activity is: Computer consultancy activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.031.458

Incorporation

09/11/2001

Legal form

Private limited company

Registered office

Rue du Trône 115
1050 Ixelles · BruxellesSee on map

Contributed capital

17 862,00 €

Latest accounts

31/12/2021

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	8,8 k €	+296%	-4,5 k €	-262%	2,8 k €	+286%	-1,5 k €	-147%	3,2 k €	+547%	489 €	-91.1%	5,5 k €	-30.4%	7,9 k €	+28.0%	6,2 k €	+111%	2,9 k €	+55.1%	1,9 k €	+107%	-27,6 k €	-384%	9,7 k €	+2.2%	9,5 k €	+4859%	-200 €	+92.0%	-2,5 k €
EBITDA	8,8 k €	+296%	-4,5 k €	-262%	2,8 k €	+286%	-1,5 k €	-147%	3,2 k €	+547%	489 €	-91.0%	5,4 k €	-30.8%	7,8 k €	+28.4%	6,1 k €	+116%	2,8 k €	+58.4%	1,8 k €	+106%	-27,7 k €	-388%	9,6 k €	+2.2%	9,4 k €	+3363%	-289 €	+89.2%	-2,7 k €
Operating result	8,8 k €	+296%	-4,5 k €	-262%	2,8 k €	+286%	-1,5 k €	-147%	3,2 k €	+547%	489 €	-91.0%	5,4 k €	-30.8%	7,8 k €	+28.4%	6,1 k €	+116%	2,8 k €	+58.4%	1,8 k €	+106%	-28,8 k €	-439%	8,5 k €	+2.5%	8,3 k €	+1772%	-496 €	+82.8%	-2,9 k €
Net result	7,7 k €	+272%	-4,5 k €	-288%	2,4 k €	+237%	-1,7 k €	-160%	2,9 k €	+7363%	-40 €	-101%	5,3 k €	-25.9%	7,2 k €	+41.8%	5,1 k €	+934%	492 €	+593%	71 €	+100%	-30,6 k €	-811%	4,3 k €	-35.9%	6,7 k €	+1532%	-469 €	+83.9%	-2,9 k €
Balance sheet
Equity	18,7 k €	+69.6%	11 k €	-28.8%	15,5 k €	+18.1%	13,1 k €	-11.7%	14,8 k €	+24.4%	11,9 k €	-0.3%	12 k €	+337%	-5 k €	+58.9%	-12,3 k €	+29.3%	-17,3 k €	+2.8%	-17,8 k €	+0.4%	-17,9 k €	-241%	12,7 k €	+51.2%	8,4 k €	+397%	1,7 k €	-21.7%	2,2 k €
Total assets	126,6 k €	-45.1%	230,8 k €	+852%	24,2 k €	-38.6%	39,5 k €	+17.8%	33,5 k €	-2.4%	34,3 k €	-22.3%	44,2 k €	-0.8%	44,6 k €	-34.1%	67,6 k €	+46.1%	46,3 k €	+25.1%	37 k €	+30.3%	28,4 k €	-19.1%	35,1 k €	+39.6%	25,1 k €	+339%	5,7 k €	-12.0%	6,5 k €
Cash	45,3 k €	+1271%	3,3 k €	+117%	1,5 k €	-90.1%	15,4 k €	+642%	2,1 k €	-54.1%	4,5 k €	+52.7%	3 k €	+794%	332 €		–		6,4 k €	+80350%	8 €		–		3,3 k €	+29.6%	2,6 k €	-41.1%	4,4 k €	-2.0%	4,5 k €
Debts	107,9 k €	-50.9%	219,8 k €	+2409%	8,8 k €	-66.8%	26,4 k €	+41.3%	18,7 k €	-16.7%	22,4 k €	-30.5%	32,2 k €	-35.0%	49,6 k €	-37.9%	79,8 k €	+25.5%	63,6 k €	+16.1%	54,8 k €	+18.4%	46,3 k €	+107%	22,4 k €	+33.7%	16,7 k €	+314%	4 k €	-7.2%	4,3 k €

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 31/12/2021 · 1 active · 5 ended

Active mandates

FONS WANG

Administrator - manager

Active

Ended mandates

Chen Yu

Manager

Ended

Chen Yu

Associate

Ended

Feng Wang

Associate

Ended

FONS WANG

Manager

Ended

At this address

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Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/04/2023	05/04/2023	29/12/2020	19/12/2019	28/09/2018	29/09/2017
General meeting	30/06/2022	30/06/2021	26/06/2020	28/06/2019	29/06/2018	30/06/2017
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2021	30/06/2022	05/04/2023	French	PDF
Micro model	31/12/2020	30/06/2021	05/04/2023	French	PDF
Micro model	31/12/2019	26/06/2020	29/12/2020	French	PDF
Micro model	31/12/2018	28/06/2019	19/12/2019	French	PDF
Micro model	31/12/2017	29/06/2018	28/09/2018	French	PDF
Micro model	31/12/2016	30/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	29/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	06/11/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	19/08/2014	French	PDF
Abridged modelCorrection	31/12/2012	30/06/2013	19/02/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	10/03/2008	10/03/2008	French	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 31/12/2021 · 1 active · 5 ended

Active mandates

FONS WANG

Administrator - manager

Active

Ended mandates

Chen Yu

Manager

Ended

Chen Yu

Associate

Ended

Feng Wang

Associate

Ended

FONS WANG

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2021
Annual accounts 20217,7 k €↑
2020
Annual accounts 2020-4,5 k €↓
2019
Annual accounts 20192,4 k €↑
2018
Annual accounts 2018-1,7 k €↓
2017
Annual accounts 20172,9 k €↑
2016
Annual accounts 2016-40 €↓
2015
Annual accounts 20155,3 k €↓
2014
Annual accounts 20147,2 k €↑
2013
Annual accounts 20135,1 k €↑
2012
Annual accounts 2012492 €↑
2011
Annual accounts 201171 €↑
2010
Annual accounts 2010-30,6 k €↓
2009
Annual accounts 20094,3 k €↓
2008
Annual accounts 20086,7 k €↑
2007
Annual accounts 2007-469 €↑
2006
Annual accounts 2006-2,9 k €
09/11/2001
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

OPENFORCE

Overview

What does OPENFORCE do?

Trend over 16 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

Similar companies

Similar companies

Timeline