ACTIVE

FORTECH STUDIE

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Financial year 2025 · closed on 30/09/2025

Net result

-6,4 k €

-127.6% YoY

Gross margin

476,4 k €

-4.4% YoY

Equity

436,9 k €

-1.4% YoY

What does FORTECH STUDIE do?

FORTECH STUDIE is a Private limited company incorporated in 2002. Its main activity is: Architectural activities. Its registered office is in Sint-Gillis-Waas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.683.023

Incorporation

31/10/2002

Legal form

Private limited company

Registered office

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

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74201Photographic activities 74203Photographic activities+1

Joint committees (5)

100
1000
200
2000
218

Signals

Solid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	476,4 k €	-4.4%	498,5 k €	+18.0%	422,6 k €	-21.8%	540,4 k €	-17.8%	657,5 k €	+130%	285,5 k €	-1.8%	290,7 k €	-15.9%	345,6 k €	+83.3%	188,5 k €	+26.4%	149,1 k €	-33.0%	222,6 k €	+84.8%	120,5 k €
EBITDA	12,4 k €	-79.7%	61,2 k €	+66.8%	36,7 k €	-51.7%	76 k €	-66.5%	226,9 k €	+268%	61,6 k €	-30.2%	88,3 k €	-38.3%	143,1 k €	+2139%	6,4 k €	-58.2%	15,3 k €	-86.4%	112,7 k €	+161%	43,2 k €
Operating result	-5,2 k €	-129%	17,7 k €	+245%	-12,2 k €	-135%	34,8 k €	-76.6%	148,9 k €	+977%	13,8 k €	-68.9%	44,5 k €	-58.4%	107 k €	+537%	-24,5 k €	-1012%	2,7 k €	-96.6%	79,4 k €	+165%	29,9 k €
Net result	-6,4 k €	-128%	23,1 k €	+291%	-12,1 k €	-135%	35,1 k €	-30.6%	50,5 k €	-73.6%	191,3 k €	+2385%	7,7 k €	-89.5%	73,2 k €	+227%	-57,8 k €	-24086%	241 €	+101%	-38,3 k €	-254%	24,9 k €
Balance sheet
Equity	436,9 k €	-1.4%	443,3 k €	+5.5%	420,2 k €	-2.8%	432,3 k €	+54.8%	279,2 k €	-51.4%	575,1 k €	+49.8%	383,8 k €	+4.6%	366,8 k €	+43.1%	256,4 k €	+1697%	14,3 k €	+778%	1,6 k €	-95.9%	39,9 k €
Total assets	1 M €	+15.5%	900,7 k €	+15.5%	779,9 k €	-1.6%	792,5 k €	-28.4%	1,1 M €	-13.1%	1,3 M €	+15.4%	1,1 M €	+5.4%	1 M €	+7.4%	973,6 k €	+20.7%	806,6 k €	+118%	370,8 k €	+461%	66,1 k €
Cash	62 k €	+409%	12,2 k €	-83.1%	71,9 k €	-44.6%	129,7 k €	+35.5%	95,7 k €	-38.7%	156,1 k €	+218%	49,1 k €	-9.2%	54,1 k €	+383%	11,2 k €	-44.2%	20,1 k €	-81.4%	107,9 k €	+294%	27,4 k €
Debts	603,5 k €	+32.0%	457,4 k €	+27.1%	359,8 k €	-0.1%	360,2 k €	-56.5%	827,3 k €	+18.6%	697,8 k €	-2.9%	718,9 k €	+5.9%	679,2 k €	-5.3%	717,2 k €	-9.5%	792,4 k €	+115%	369,2 k €	+1309%	26,2 k €
Other
Workforce	–		2,9 ETP	0.0%	2,9 ETP	-23.7%	3,8 ETP	+35.7%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	+27.3%	2,2 ETP	+22.2%	1,8 ETP	+38.5%	1,3 ETP

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 30/09/2025 · 2 active · 8 ended

Active mandates

Christiaan Derde

Director · since 22 juin 2020

Active

Viviane Martens

Director · since 22 juin 2020

Active

Ended mandates

Christiaan Derde

Director · since 29 septembre 2014

Ended

Christiaan Derde

Manager · since 29 septembre 2014

Ended

Viviane Martens

Director · since 29 septembre 2014

Ended

Viviane Martens

Manager · since 29 septembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
FORTECH● Active	0472.734.646
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	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	08/04/2026	08/04/2025	21/03/2024	07/03/2023	28/03/2022	15/03/2021
General meeting	05/04/2026	25/03/2025	05/03/2024	07/03/2023	01/03/2022	02/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	05/04/2026	08/04/2026	Dutch	PDF
Abridged model	30/09/2024	25/03/2025	08/04/2025	Dutch	PDF
Abridged model	30/09/2023	05/03/2024	21/03/2024	Dutch	PDF
Abridged model	30/09/2022	07/03/2023	07/03/2023	Dutch	PDF
Abridged model	30/09/2021	01/03/2022	28/03/2022	Dutch	PDF
Micro model	30/09/2020	02/03/2021	15/03/2021	Dutch	PDF
Micro model	30/09/2019	03/03/2020	12/03/2020	Dutch	PDF
Micro model	30/09/2018	05/03/2019	28/03/2019	Dutch	PDF
Micro model	30/09/2017	06/03/2018	21/03/2018	Dutch	PDF
Abridged model	30/09/2016	07/03/2017	20/03/2017	Dutch	PDF
Abridged model	30/09/2015	01/03/2016	17/03/2016	Dutch	PDF
Abridged model	30/09/2014	03/03/2015	17/03/2015	Dutch	PDF
Abridged model	31/03/2013	26/09/2013	27/09/2013	Dutch	PDF
Abridged model	31/03/2012	27/09/2012	09/10/2012	Dutch	PDF
Abridged model	31/03/2011	22/09/2011	26/09/2011	Dutch	PDF
Abridged model	31/03/2010	23/09/2010	23/09/2010	Dutch	PDF
Abridged model	31/03/2009	24/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/03/2008	25/09/2008	22/10/2008	Dutch	PDF
Abridged model	31/03/2007	27/09/2007	27/09/2007	Dutch	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 30/09/2025 · 2 active · 8 ended

Active mandates

Christiaan Derde

Director · since 22 juin 2020

Active

Viviane Martens

Director · since 22 juin 2020

Active

Ended mandates

Christiaan Derde

Director · since 29 septembre 2014

Ended

Christiaan Derde

Manager · since 29 septembre 2014

Ended

Viviane Martens

Director · since 29 septembre 2014

Ended

Viviane Martens

Manager · since 29 septembre 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2014
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other20/03/2014
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/04/2010
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares14/04/2010
KAPITAAL - AANDELEN
PDF
Registered office25/02/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/10/2005
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/04/2005
MAATSCHAPPELIJKE ZETEL
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 2025-6,4 k €↓
2024
Annual accounts 202423,1 k €↑
2023
Annual accounts 2023-12,1 k €↓
2022
Annual accounts 202235,1 k €↓
2014
Annual accounts 201450,5 k €↓
2013
Annual accounts 2013191,3 k €↑
2012
Annual accounts 20127,7 k €↓
2011
Annual accounts 201173,2 k €↑
2010
Annual accounts 2010-57,8 k €↓
2009
Annual accounts 2009241 €↑
2008
Annual accounts 2008-38,3 k €↓
2007
Annual accounts 200724,9 k €
31/10/2002
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 STUDIE

Overview

What does FORTECH STUDIE do?

Trend over 12 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