ACTIVE

FORESCO

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Financial year 2024 · closed on 31/12/2024

Net result

-4,3 M €

-269.6% YoY

Revenue

1,6 M €

+10.4% YoY

Equity

4,3 M €

-79.6% YoY

Workforce

3,0 ETP

+200.0% YoY

What does FORESCO do?

FORESCO is a Private limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Antwerpen. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0536.390.796

Incorporation

01/07/2013

Legal form

Private limited company

Registered office

Lievevrouwkesbosweg 75
2610 Antwerpen · FlandreSee on map

Contributed capital

2 609 849,87 €

Latest accounts

31/12/2024

Average workforce

3,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2015		2014
Income statement
Revenue	1,6 M €	+10.4%	1,4 M €	+0.0%	1,4 M €	+76.8%	801 k €	+55.2%	516 k €	+31.8%	391,5 k €	+133%	168,3 k €		–		–		–
EBITDA	-854 €	-100%	190,4 k €	-79.1%	911,8 k €	+87.3%	486,8 k €	+2394%	19,5 k €	-88.0%	163,2 k €	+241%	47,9 k €	-9.1%	52,7 k €	+499%	8,8 k €	+339%	-3,7 k €
Operating result	-7,6 k €	-104%	188,5 k €	-79.3%	909,9 k €	+87.3%	485,8 k €	+3097%	15,2 k €	-90.4%	159 k €	+260%	44,1 k €	-16.2%	52,7 k €	+499%	8,8 k €	+339%	-3,7 k €
Net result	-4,3 M €	-270%	-1,2 M €	-322%	521,9 k €	+78.6%	292,2 k €	+148%	117,9 k €	+429%	-35,8 k €	+78.2%	-164,5 k €	-233%	-49,4 k €	-277%	-13,1 k €	+72.1%	-46,9 k €
Balance sheet
Equity	4,3 M €	-79.6%	20,9 M €	-5.3%	22 M €	+2.4%	21,5 M €	+1.4%	21,2 M €	+0.6%	21,1 M €	-0.2%	21,1 M €	-0.8%	21,3 M €	+8773%	240 k €	-5.2%	253,1 k €
Total assets	16,9 M €	-54.7%	37,3 M €	-0.7%	37,6 M €	+6.6%	35,3 M €	+1.5%	34,7 M €	+0.0%	34,7 M €	+2.3%	33,9 M €	+0.3%	33,9 M €	+2660%	1,2 M €	+0.5%	1,2 M €
Cash	61,4 k €	-31.9%	90,2 k €		–		395 k €	+590%	57,2 k €	+333%	13,2 k €	+32.9%	10 k €	+5157%	189,4 €	+177%	68,3 €	-93.2%	1 k €
Debts	12,6 M €	-23.2%	16,5 M €	+5.8%	15,6 M €	+13.0%	13,8 M €	+1.7%	13,5 M €	-0.8%	13,6 M €	+6.4%	12,8 M €	+2.0%	12,6 M €	+1178%	982,9 k €	+2.0%	963,2 k €
Other
Workforce	3,0 ETP	+200%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 31/12/2024 · 2 active · 4 ended

Active mandates

Director · since 01 septembre 2022 · until 06 juin 2028 · 0650.808.830

Active

JAPO

Director · since 01 septembre 2022 · until 06 juin 2028 · 0681.592.373

Active

Ended mandates

Cedric De Quinnemar

Managing director · since 20 juin 2019 · until 19 juin 2025

Ended

Jan Ponnet

Managing director · since 20 juin 2019 · until 19 juin 2025

Ended

Cedric De Quinnemar

Managing director · since 01 juillet 2013 · until 30 juin 2019

Ended

Jan Ponnet

Managing director · since 01 juillet 2013 · until 30 juin 2019

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/10/2025	01/08/2024	06/07/2023	24/08/2022	09/11/2021	24/09/2020
General meeting	03/10/2025	06/06/2024	19/05/2023	16/06/2022	17/06/2021	18/06/2020
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	03/10/2025	09/10/2025	Dutch	PDF
Full model	31/12/2023	06/06/2024	01/08/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	24/08/2022	Dutch	PDF
Full model	31/12/2020	17/06/2021	09/11/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	24/09/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	01/08/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	24/04/2017	18/05/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	01/07/2015	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 31/12/2024 · 2 active · 4 ended

Active mandates

Director · since 01 septembre 2022 · until 06 juin 2028 · 0650.808.830

Active

JAPO

Director · since 01 septembre 2022 · until 06 juin 2028 · 0681.592.373

Active

Ended mandates

Cedric De Quinnemar

Managing director · since 20 juin 2019 · until 19 juin 2025

Ended

Jan Ponnet

Managing director · since 20 juin 2019 · until 19 juin 2025

Ended

Cedric De Quinnemar

Managing director · since 01 juillet 2013 · until 30 juin 2019

Ended

Jan Ponnet

Managing director · since 01 juillet 2013 · until 30 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other24/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates22/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other18/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring07/10/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/10/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office15/04/2024
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

2024
Annual accounts 2024-4,3 M €↓
2024
Name changeFORESCO
2023
Annual accounts 2023-1,2 M €↓
2022
Annual accounts 2022521,9 k €↑
2022
Name changeDYNAMICA
2021
Annual accounts 2021292,2 k €↑
2021
Name changePQ GROUP NV
2020
Annual accounts 2020117,9 k €↑
2019
Annual accounts 2019-35,8 k €↑
2018
Annual accounts 2018-164,5 k €↓
2017
Annual accounts 2017-49,4 k €↓
2015
Annual accounts 2015-13,1 k €↑
2014
Annual accounts 2014-46,9 k €
01/07/2013
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

FORESCO

Overview

What does FORESCO do?

Trend over 10 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