ACTIVE

FW4

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Financial year 2025 · closed on 31/12/2025
Net result
24,5 k €
+145.0% YoY
Gross margin
252,6 k €
+51.5% YoY
Equity
125,3 k €
+24.4% YoY

What does FW4 do?

FW4 is a Private limited company incorporated in 2013. Its main activity is: Computer programming activities. Its registered office is in Leuven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0539.758.379
Incorporation
27/09/2013
Legal form
Private limited company
Registered office
Technologielaan 3
3001 Leuven · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities63920Other information service activities63990Other information service activities n.e.c.62010Computer programming activities62020Computer consultancy activities+2
Joint committees (2)
  • 1000
  • 2270
Contacts
2 public details availableLog in to view
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 11 financial years

20252024202320222021201920182017201620152014
Income statement
Gross margin252,6 k €166,8 k €191,5 k €286,8 k €220,3 k €344,3 k €221,7 k €272,9 k €242,6 k €209,6 k €147,9 k €
EBITDA34,4 k €-47,4 k €-64,1 k €111,1 k €17,9 k €84,6 k €-23,6 k €46,7 k €42,8 k €63,7 k €88,8 k €
Operating result30,7 k €-53,5 k €-69,7 k €105,1 k €14,7 k €79,1 k €-35,7 k €32 k €26,8 k €48,8 k €74,5 k €
Net result24,5 k €-54,5 k €-71,3 k €80,9 k €7,6 k €63,1 k €-38,1 k €16,8 k €13,4 k €31,7 k €49,9 k €
Balance sheet
Equity125,3 k €100,7 k €155,3 k €226,6 k €151,3 k €155,4 k €92,3 k €130,4 k €113,6 k €100,2 k €68,5 k €
Total assets187,4 k €163,2 k €246,2 k €335 k €217,2 k €260,1 k €201 k €218,9 k €245,5 k €159,1 k €119,6 k €
Cash123,7 k €88 k €168,5 k €208,9 k €168 k €165,4 k €88,8 k €116,1 k €113,8 k €51,6 k €51,3 k €
Debts62,2 k €62,5 k €90,9 k €108,5 k €65,9 k €104,8 k €108,7 k €65,1 k €111,9 k €58,9 k €51,1 k €
Other
Workforce–––––––––4,1 ETP1,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Tom Luyckx

Director · since 01 juillet 2021

Active
Sam Feyaerts

Director · since 27 septembre 2013

Active

Ended mandates

Jan Luts

Manager · since 01 avril 2017 · until 01 septembre 2018

Ended
Jan Luts

Manager · since 01 avril 2017

Ended
Cédric Vanhooff

Director · since 27 septembre 2013 · until 30 novembre 2021

Ended
Cédric Vanhooff

Director · since 27 septembre 2013

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/06/202625/06/202529/07/202430/07/202329/06/202218/06/2021
General meeting02/05/202602/05/202503/05/202405/05/202306/05/202207/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202502/05/202621/06/2026DutchPDF
Micro model31/12/202402/05/202525/06/2025DutchPDF
Micro model31/12/202303/05/202429/07/2024DutchPDF
Micro model31/12/202205/05/202330/07/2023DutchPDF
Micro model31/12/202106/05/202229/06/2022DutchPDF
Micro model31/12/202007/05/202118/06/2021DutchPDF
Micro model31/12/201902/05/202024/06/2020DutchPDF
Micro model31/12/201803/05/201922/06/2019DutchPDF
Micro model31/12/201704/05/201830/06/2018DutchPDF
Micro model31/12/201605/05/201729/06/2017DutchPDF
Abridged model31/12/201506/05/201630/07/2016DutchPDF
Abridged model31/12/201404/05/201531/07/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 2 active · 8 ended

Active mandates

Tom Luyckx

Director · since 01 juillet 2021

Active
Sam Feyaerts

Director · since 27 septembre 2013

Active

Ended mandates

Jan Luts

Manager · since 01 avril 2017 · until 01 septembre 2018

Ended
Jan Luts

Manager · since 01 avril 2017

Ended
Cédric Vanhooff

Director · since 27 septembre 2013 · until 30 novembre 2021

Ended
Cédric Vanhooff

Director · since 27 septembre 2013

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/01/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates17/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/11/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/08/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/03/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office20/02/2015
    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

Timeline

  1. 2025
    Annual accounts 202524,5 k €↑
  2. 2024
    Annual accounts 2024-54,5 k €↑
  3. 2023
    Annual accounts 2023-71,3 k €↓
  4. 2022
    Annual accounts 202280,9 k €↑
  5. 2021
    Annual accounts 20217,6 k €↓
  6. 2019
    Annual accounts 201963,1 k €↑
  7. 2018
    Annual accounts 2018-38,1 k €↓
  8. 2017
    Annual accounts 201716,8 k €↑
  9. 2016
    Annual accounts 201613,4 k €↓
  10. 2015
    Annual accounts 201531,7 k €↓
  11. 2014
    Annual accounts 201449,9 k €
  12. 27/09/2013
    IncorporationPrivate limited company