ACTIVE

FORTIOR

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Financial year 2025 · closed on 30/09/2025

Net result

481,4 k €

+49.8% YoY

Gross margin

323,2 k €

-25.7% YoY

Equity

6,3 M €

-20.6% YoY

Workforce

0,6 ETP

+200.0% YoY

What does FORTIOR do?

FORTIOR is a Public limited company incorporated in 2002. Its main activity is: Activities of holding companies. Its registered office is in Wichelen. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.267.219

Incorporation

04/04/2002

Legal form

Public limited company

Registered office

Hulst 41
9260 Wichelen · FlandreSee on map

Contributed capital

745 000,00 €

Latest accounts

30/09/2025

Average workforce

0,6 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (4)

100
1000
200
2000

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 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	323,2 k €	-25.7%	434,9 k €	-29.5%	616,6 k €	+24.4%	495,8 k €	-11.6%	560,7 k €	+192%	192,2 k €	+109%	92 k €	-22.1%	118 k €	+187%	41,1 k €	-56.8%	95,1 k €	+38.7%	68,5 k €	-45.9%	126,7 k €	-6.0%	134,8 k €	+3.6%	130,1 k €	+1.1%	128,8 k €	+27.7%	100,8 k €	+24.7%	80,8 k €	+14.6%	70,5 k €	-5.0%	74,2 k €	-0.8%	74,8 k €
EBITDA	257,5 k €	-38.6%	419,2 k €	-31.0%	607,7 k €	+24.8%	486,9 k €	-11.9%	552,6 k €	+200%	184,3 k €	+118%	84,7 k €	-22.4%	109,1 k €	+229%	33,2 k €	-62.1%	87,6 k €	+42.1%	61,7 k €	-43.6%	109,3 k €	-11.7%	123,8 k €	-1.0%	125 k €	+1.4%	123,2 k €	+27.0%	97 k €	+30.9%	74,1 k €	+6.6%	69,5 k €	-5.1%	73,3 k €	-0.8%	73,9 k €
Operating result	252,7 k €	-37.5%	404,4 k €	-33.0%	603,6 k €	+24.9%	483,3 k €	-12.0%	549,4 k €	+205%	180,2 k €	+117%	83 k €	-23.3%	108,3 k €	+326%	25,4 k €	-68.2%	79,8 k €	+48.2%	53,9 k €	-46.9%	101,5 k €	-1.8%	103,4 k €	-7.3%	111,6 k €	+1.6%	109,8 k €	+30.0%	84,4 k €	+37.2%	61,5 k €	-11.5%	69,5 k €	-5.1%	73,3 k €	-0.8%	73,9 k €
Net result	481,4 k €	+49.8%	321,3 k €	-70.6%	1,1 M €	+177%	394,3 k €	-12.4%	450,2 k €	-66.9%	1,4 M €	-61.1%	3,5 M €	+16261%	21,3 k €	+141%	-52,5 k €	-922%	6,4 k €	+169%	-9,3 k €	-151%	18,3 k €	-10.4%	20,4 k €	-14.9%	24 k €	+133%	-73,7 k €	-1379%	5,8 k €	+134%	-16,7 k €	-559%	-2,5 k €	-818%	353,6 €	-35.8%	550,9 €
Balance sheet
Equity	6,3 M €	-20.6%	7,9 M €	+4.2%	7,6 M €	+16.9%	6,5 M €	+6.5%	6,1 M €	+8.0%	5,6 M €	+31.8%	4,3 M €	+450%	776,5 k €	+2.8%	755,2 k €	-6.5%	807,6 k €	+0.8%	801,3 k €	-1.1%	810,6 k €	+2.3%	792,3 k €	+2.6%	771,9 k €	+3.2%	748 k €	-9.0%	821,7 k €	+0.7%	815,9 k €	-2.0%	832,6 k €	-0.3%	835,2 k €	+0.0%	834,8 k €
Total assets	11,8 M €	+1.2%	11,6 M €	+36.3%	8,5 M €	+11.7%	7,6 M €	+2.7%	7,4 M €	+2.9%	7,2 M €	+45.0%	5 M €	+78.9%	2,8 M €	+8.8%	2,6 M €	+5.5%	2,4 M €	+0.5%	2,4 M €	-0.6%	2,4 M €	-0.1%	2,4 M €	+2.6%	2,4 M €	-1.4%	2,4 M €	-3.9%	2,5 M €	-3.6%	2,6 M €	+6.9%	2,4 M €	-2.6%	2,5 M €	+0.3%	2,5 M €
Cash	191,3 k €	-48.4%	370,5 k €	-44.4%	666 k €	+50.5%	442,6 k €	+48.5%	298,1 k €	+2767%	10,4 k €	-43.8%	18,5 k €	+145%	7,6 k €	-87.1%	58,7 k €	+134%	25,1 k €	-27.6%	34,6 k €	-51.9%	71,9 k €	-7.7%	77,9 k €	+140%	32,4 k €	+24.0%	26,1 k €	-6.3%	27,9 k €	-34.1%	42,3 k €	+81.2%	23,3 k €	-66.1%	68,8 k €	-3.9%	71,6 k €
Debts	5,4 M €	+44.5%	3,7 M €	+288%	958,8 k €	-17.2%	1,2 M €	-13.6%	1,3 M €	-15.8%	1,6 M €	+151%	632,4 k €	-67.1%	1,9 M €	+11.2%	1,7 M €	+11.7%	1,5 M €	+0.4%	1,5 M €	-0.4%	1,5 M €	-1.3%	1,6 M €	+3.0%	1,5 M €	-3.7%	1,6 M €	-1.5%	1,6 M €	-5.5%	1,7 M €	+11.6%	1,5 M €	-4.1%	1,6 M €	+0.3%	1,6 M €
Other
Workforce	0,6 ETP	+200%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	+100%	0,1 ETP	0.0%	0,1 ETP	-75.0%	0,4 ETP	+100%	0,2 ETP	0.0%	0,2 ETP	-33.3%	0,3 ETP	+200%	0,1 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 19 ended

Active mandates

Marc BLANCQUAERT

Director · since 28 mars 2025 · until 28 mars 2031

Active

Rita Van Gansberghe

Director · since 28 mars 2025 · until 28 mars 2031

Active

Vadim Blancquaert

Managing director · since 28 mars 2025 · until 28 mars 2031

Active

Vincent BLANCQUAERT

Managing director · since 28 mars 2025 · until 28 mars 2031

Active

Ended mandates

Rita VAN GANSBERGE

Director · since 28 mars 2025 · until 28 mars 2031

Ended

Marc BLANCQUAERT

Director · since 27 septembre 2019 · until 28 mars 2025

Ended

Rita VAN GANSBERGE

Director · since 27 septembre 2019 · until 28 mars 2025

Ended

Vadim BLANCQUAERT

Managing director · since 27 septembre 2019 · until 28 mars 2025

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/05/2026	31/03/2025	24/04/2024	20/04/2023	26/04/2022	14/04/2021
General meeting	07/05/2026	28/03/2025	20/04/2024	24/03/2023	22/04/2022	26/03/2021
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
Abridged model	30/09/2025	07/05/2026	07/05/2026	Dutch	PDF
Abridged model	30/09/2024	28/03/2025	31/03/2025	Dutch	PDF
Abridged model	30/09/2023	20/04/2024	24/04/2024	Dutch	PDF
Abridged model	30/09/2022	24/03/2023	20/04/2023	Dutch	PDF
Abridged model	30/09/2021	22/04/2022	26/04/2022	Dutch	PDF
Abridged model	30/09/2020	26/03/2021	14/04/2021	Dutch	PDF
Abridged model	30/09/2019	16/04/2020	24/04/2020	Dutch	PDF
Abridged model	30/09/2018	22/03/2019	18/04/2019	Dutch	PDF
Abridged model	30/09/2017	23/03/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	24/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	18/04/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	10/04/2014	Dutch	PDF
Abridged model	30/09/2012	22/03/2013	09/04/2013	Dutch	PDF
Abridged model	30/09/2011	23/03/2012	29/03/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	28/03/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	29/03/2010	Dutch	PDF
Abridged model	30/09/2008	27/03/2009	08/04/2009	Dutch	PDF
Abridged model	30/09/2007	28/03/2008	01/04/2008	Dutch	PDF
Abridged model	30/09/2006	31/03/2007	16/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 4 active · 19 ended

Active mandates

Marc BLANCQUAERT

Director · since 28 mars 2025 · until 28 mars 2031

Active

Rita Van Gansberghe

Director · since 28 mars 2025 · until 28 mars 2031

Active

Vadim Blancquaert

Managing director · since 28 mars 2025 · until 28 mars 2031

Active

Vincent BLANCQUAERT

Managing director · since 28 mars 2025 · until 28 mars 2031

Active

Ended mandates

Rita VAN GANSBERGE

Director · since 28 mars 2025 · until 28 mars 2031

Ended

Marc BLANCQUAERT

Director · since 27 septembre 2019 · until 28 mars 2025

Ended

Rita VAN GANSBERGE

Director · since 27 septembre 2019 · until 28 mars 2025

Ended

Vadim BLANCQUAERT

Managing director · since 27 septembre 2019 · until 28 mars 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/08/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2008
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 2025481,4 k €↑
2024
Annual accounts 2024321,3 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022394,3 k €↓
2021
Annual accounts 2021450,2 k €↓
2020
Annual accounts 20201,4 M €↓
2019
Annual accounts 20193,5 M €↑
2018
Annual accounts 201821,3 k €↑
2017
Annual accounts 2017-52,5 k €↓
2016
Annual accounts 20166,4 k €↑
2015
Annual accounts 2015-9,3 k €↓
2014
Annual accounts 201418,3 k €↓
2013
Annual accounts 201320,4 k €↓
2012
Annual accounts 201224 k €↑
2011
Annual accounts 2011-73,7 k €↓
2010
Annual accounts 20105,8 k €↑
2009
Annual accounts 2009-16,7 k €↓
2008
Annual accounts 2008-2,5 k €↓
2007
Annual accounts 2007353,6 €↓
2006
Annual accounts 2006550,9 €
04/04/2002
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

FORTIOR

Overview

What does FORTIOR do?

Trend over 20 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