ACTIVE

FORTINO CAPITAL PARTNERS

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Financial year 2025 · closed on 31/12/2025
Net result
2 M €
+6.0% YoY
Revenue
18,8 M €
+48.8% YoY
Equity
2,7 M €
-69.4% YoY
Workforce
5,8 ETP
-7.9% YoY

What does FORTINO CAPITAL PARTNERS do?

FORTINO CAPITAL PARTNERS is a Public limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Antwerpen. It employs on average 5,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0542.691.739
Incorporation
04/12/2013
Legal form
Public limited company
Registered office
Borsbeeksebrug 36
2600 Antwerpen · FlandreSee on map
Contributed capital
448 300,00 €
Latest accounts
31/12/2025
Average workforce
5,8 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70210Public relations and communication activities73300Advertising and market research64200Activities of holding companies64210Activities of holding companies+2
Joint committees (3)
  • 200
  • 2000
  • 218
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Revenue18,8 M €12,6 M €––––––––––
EBITDA2,7 M €2,5 M €3,8 M €2,5 M €1,2 M €1,1 M €2,5 M €1,1 M €-161,4 k €1,1 M €-745,2 k €-520,5 k €
Operating result2,6 M €2,4 M €3,7 M €2,5 M €1,1 M €1,1 M €2,5 M €1 M €-230,5 k €1,1 M €-784 k €-561,6 k €
Net result2 M €1,9 M €2,7 M €2,7 M €782,2 k €783,7 k €1,7 M €842,8 k €-258,2 k €1,1 M €-732 k €-532,4 k €
Balance sheet
Equity2,7 M €8,7 M €6,8 M €6,7 M €4,1 M €3,4 M €2,6 M €912 k €69,1 k €12,3 M €11,2 M €8,9 M €
Total assets16,8 M €10,7 M €9,6 M €10,1 M €6,3 M €5 M €4,3 M €2,9 M €2,3 M €14 M €11,5 M €9,2 M €
Cash1,1 M €1,7 M €3,5 M €7,1 M €4,2 M €3 M €847,1 k €26,2 k €1,4 M €761,2 k €273,7 k €2,7 M €
Debts14 M €2 M €2,7 M €3,1 M €2 M €992,5 k €1,1 M €1,3 M €1,5 M €1,5 M €215,6 k €351,1 k €
Other
Workforce5,8 ETP6,3 ETP7,3 ETP6,5 ETP5,8 ETP7,0 ETP6,6 ETP6,6 ETP5,0 ETP3,0 ETP2,5 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 15 ended

Active mandates

Roxali

Director · since 10 octobre 2023 · until 30 avril 2027 · 0842.253.968

Represented by CELINE VANBEVER

Active
Advocatenkantoor Geert Verhoeven

Director · since 01 septembre 2022 · until 30 avril 2027 · 0772.406.743

Represented by GEERT VERHOEVEN

Active
FILIP MERCKX

Director · since 15 mars 2018 · until 30 avril 2027

Active
Be@dvised

Director · since 07 septembre 2017 · until 30 avril 2027 · 0543.479.716

Represented by RENAAT BERCKMOES

Active
FORTINO BEHEER

Director · since 07 septembre 2017 · until 30 avril 2027 · 0534.789.803

Represented by DUCO SICKINGHE

Active

Ended mandates

Roxali

Director · since 10 octobre 2023 · until 30 avril 2026 · 0842.253.968

Represented by CELINE VANBEVER

Ended
Advocatenkantoor Geert Verhoeven

Director · since 01 septembre 2022 · until 30 avril 2026 · 0772.406.743

Represented by GEERT VERHOEVEN

Ended
Filip Merckx

Director · since 15 mars 2018 · until 27 avril 2023

Ended
FILIP MERCKX

Director · since 15 mars 2018 · until 30 avril 2026

Ended
At this address

Other companies at this address

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CERRIX Belgium● Active
1011.496.402
Ceteco● Active
0768.272.563
Drak Invest● Active
0784.431.476
Drak Invest International● Active
0802.486.542
Fortino Capital EPP● Active
1040.102.690
Fortino Capital Growth PE I ARKIV● Liquidation
0684.892.254
Fortino Capital Growth PE II● Active
1018.078.940
Fortino Capital Growth PE II Feeder● Active
0784.621.221
Fortino Capital Growth PE I MMF● Active
0685.525.229
Fortino Capital PE III● Active
1023.318.722
Fortino Capital PE III Belgian Privak● Active
1022.222.028
Fortino Capital PE III Fund● Active
1023.124.425
Fortino Capital Venture I ARKIV● Liquidation
0646.862.118
Fortino Capital Venture II● Active
0745.935.641
Fortino Capital Venture III Belgian Fund● Active
1022.169.271
Fortino Capital Venture III Belgian Privak● Active
1020.534.129
Fortino Co-Invest PE III PGGM● Active
1039.991.141
Fortino PE Co-Invest I● Active
1020.351.809
Fortino Studio AI● Active
1042.127.814
GSJ advocaten● Active
0442.485.591
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged 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 date22/06/202625/06/202520/06/202415/06/202321/06/202217/06/2021
General meeting28/05/202630/05/202530/05/202425/05/202326/05/202227/05/2021
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
Full model31/12/202528/05/202622/06/2026DutchPDF
Full model31/12/202430/05/202525/06/2025DutchPDF
Abridged model31/12/202330/05/202420/06/2024DutchPDF
Abridged model31/12/202225/05/202315/06/2023DutchPDF
Abridged model31/12/202126/05/202221/06/2022DutchPDF
Abridged model31/12/202027/05/202117/06/2021DutchPDF
Abridged model31/12/201914/05/202028/05/2020DutchPDF
Abridged model31/12/201825/04/201902/07/2019DutchPDF
Abridged model31/12/201709/07/201819/07/2018DutchPDF
Abridged model31/12/201621/06/201711/07/2017DutchPDF
Abridged model31/12/201528/04/201626/05/2016DutchPDF
Abridged model31/12/201407/08/201504/09/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 5 active · 15 ended

Active mandates

Roxali

Director · since 10 octobre 2023 · until 30 avril 2027 · 0842.253.968

Represented by CELINE VANBEVER

Active
Advocatenkantoor Geert Verhoeven

Director · since 01 septembre 2022 · until 30 avril 2027 · 0772.406.743

Represented by GEERT VERHOEVEN

Active
FILIP MERCKX

Director · since 15 mars 2018 · until 30 avril 2027

Active
Be@dvised

Director · since 07 septembre 2017 · until 30 avril 2027 · 0543.479.716

Represented by RENAAT BERCKMOES

Active
FORTINO BEHEER

Director · since 07 septembre 2017 · until 30 avril 2027 · 0534.789.803

Represented by DUCO SICKINGHE

Active

Ended mandates

Roxali

Director · since 10 octobre 2023 · until 30 avril 2026 · 0842.253.968

Represented by CELINE VANBEVER

Ended
Advocatenkantoor Geert Verhoeven

Director · since 01 septembre 2022 · until 30 avril 2026 · 0772.406.743

Represented by GEERT VERHOEVEN

Ended
Filip Merckx

Director · since 15 mars 2018 · until 27 avril 2023

Ended
FILIP MERCKX

Director · since 15 mars 2018 · until 30 avril 2026

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other24/07/2026
    DIVERSEN
    PDF
  • Capital / shares03/06/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates03/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL
    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 20252 M €↑
  2. 2024
    Annual accounts 20241,9 M €↓
  3. 2023
    Annual accounts 20232,7 M €↓
  4. 2022
    Annual accounts 20222,7 M €↑
  5. 2021
    Annual accounts 2021782,2 k €↓
  6. 2020
    Annual accounts 2020783,7 k €↓
  7. 2019
    Annual accounts 20191,7 M €↑
  8. 2018
    Annual accounts 2018842,8 k €↑
  9. 2017
    Annual accounts 2017-258,2 k €↓
  10. 2017
    Name changeFortino Capital Partners
  11. 2016
    Annual accounts 20161,1 M €↑
  12. 2015
    Annual accounts 2015-732 k €↓
  13. 2014
    Annual accounts 2014-532,4 k €
  14. 2014
    Name changeFortino
  15. 04/12/2013
    IncorporationPublic limited company