ACTIVE

A-Forge

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Financial year 2025 · closed on 31/12/2025

Net result

-163 €

-100.7% YoY

Gross margin

11,2 k €

-70.0% YoY

Equity

42,9 k €

-0.4% YoY

What does A-Forge do?

A-Forge is a Private limited company incorporated in 2014. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0544.768.925

Incorporation

27/01/2014

Legal form

Private limited company

Registered office

Avenue Georges Henri 436
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	11,2 k €	-70.0%	37,3 k €	+197%	12,6 k €	-15.2%	14,8 k €	-42.4%	25,7 k €	+2900%	-918 €	-121%	4,4 k €	-52.7%	9,4 k €	+340%	2,1 k €	+10.0%	1,9 k €	-89.4%	18,3 k €	+195%	6,2 k €
EBITDA	10,5 k €	-71.2%	36,6 k €	+210%	11,8 k €	-16.4%	14,1 k €	-39.1%	23,2 k €	+2627%	-918 €	-127%	3,4 k €	-61.5%	8,9 k €	+460%	1,6 k €	-8.6%	1,7 k €	-90.2%	17,8 k €	+198%	6 k €
Operating result	574 €	-97.8%	26,4 k €	+322%	-11,9 k €	-223%	9,7 k €	-54.1%	21,1 k €	+657%	-3,8 k €	+78.6%	-17,7 k €	-365%	6,7 k €	+494%	1,1 k €	+1654%	64,2 €	-99.6%	16,1 k €	+247%	4,6 k €
Net result	-163 €	-101%	22,4 k €	+273%	-12,9 k €	-248%	8,7 k €	-58.2%	20,9 k €	+498%	-5,3 k €	+70.8%	-18 k €	-464%	4,9 k €	+566%	740,8 €	+402%	-245,5 €	-102%	12,1 k €	+249%	3,5 k €
Balance sheet
Equity	42,9 k €	-0.4%	43,1 k €	+108%	20,7 k €	-38.5%	33,6 k €	+35.2%	24,9 k €	+530%	3,9 k €	-57.1%	9,2 k €	-66.1%	27,2 k €	+22.2%	22,2 k €	+3.4%	21,5 k €	-1.1%	21,7 k €	+125%	9,7 k €
Total assets	134,6 k €	+14.7%	117,3 k €	+103%	57,6 k €	-35.3%	89,2 k €	+62.2%	55 k €	+113%	25,8 k €	-43.4%	45,5 k €	-32.6%	67,6 k €	+22.5%	55,2 k €	-29.6%	78,4 k €	+12.7%	69,6 k €	+61.6%	43,1 k €
Cash	60,8 k €	-19.0%	75,1 k €	+239%	22,1 k €	+35.9%	16,3 k €	-31.9%	23,9 k €	+2890%	800 €	+94.1%	412,2 €	-94.0%	6,8 k €	-50.6%	13,8 k €	+263%	3,8 k €	-78.7%	17,9 k €	+1557%	1,1 k €
Debts	91,6 k €	+23.5%	74,2 k €	+101%	37 k €	-33.4%	55,5 k €	+84.5%	30,1 k €	+38.7%	21,7 k €	-40.3%	36,3 k €	-10.1%	40,4 k €	+22.8%	32,9 k €	-42.0%	56,8 k €	+18.6%	47,9 k €	+43.3%	33,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

ALEKSANDRA DUKIC

Mandate

Active

ANTONI SIDZ

Mandate

Active

CHARLES SIMON

Mandate

Active

Ended mandates

ALEKSANDRA DUKIC

Director · since 15 mars 2021

Ended

ANTONI SIDZ

Director · since 27 janvier 2014

Ended

Antoni Sidz

Manager

Ended

Augustyn Sidz

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ECO BIEN ETRE● Active	0837.628.949
GALERIE ALPHA● Active	0442.403.241

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/09/2026	27/08/2025	08/09/2024	22/08/2023	07/09/2022	19/05/2021
General meeting	17/09/2026	27/08/2025	05/09/2024	22/08/2023	05/09/2022	18/05/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	17/09/2026	17/09/2026	French	PDF
Micro model	31/12/2024	27/08/2025	27/08/2025	French	PDF
Micro model	31/12/2023	05/09/2024	08/09/2024	French	PDF
Micro model	31/12/2022	22/08/2023	22/08/2023	French	PDF
Micro model	31/12/2021	05/09/2022	07/09/2022	French	PDF
Micro model	31/12/2020	18/05/2021	19/05/2021	French	PDF
Micro model	31/12/2019	27/11/2020	30/11/2020	French	PDF
Micro model	31/12/2018	16/05/2019	29/07/2019	French	PDF
Micro model	31/12/2017	17/05/2018	30/07/2018	French	PDF
Micro model	31/12/2016	18/05/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	18/05/2016	25/07/2016	French	PDF
Abridged model	31/12/2014	27/02/2015	30/04/2015	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 3 active · 5 ended

Active mandates

ALEKSANDRA DUKIC

Mandate

Active

ANTONI SIDZ

Mandate

Active

CHARLES SIMON

Mandate

Active

Ended mandates

ALEKSANDRA DUKIC

Director · since 15 mars 2021

Ended

ANTONI SIDZ

Director · since 27 janvier 2014

Ended

Antoni Sidz

Manager

Ended

Augustyn Sidz

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates06/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/04/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office14/09/2016
SIEGE SOCIAL
PDF
Other29/01/2014
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-163 €↓
2024
Annual accounts 202422,4 k €↑
2023
Annual accounts 2023-12,9 k €↓
2022
Annual accounts 20228,7 k €↓
2021
Annual accounts 202120,9 k €↑
2020
Annual accounts 2020-5,3 k €↑
2019
Annual accounts 2019-18 k €↓
2018
Annual accounts 20184,9 k €↑
2017
Annual accounts 2017740,8 €↑
2016
Annual accounts 2016-245,5 €↓
2015
Annual accounts 201512,1 k €↑
2014
Annual accounts 20143,5 k €
27/01/2014
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

A-Forge

Overview

What does A-Forge 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