ACTIVE

FORCADO

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Financial year 2025 · closed on 31/12/2025
Net result
53,3 k €
-49.3% YoY
Gross margin
646,2 k €
-3.2% YoY
Equity
585,4 k €
-7.0% YoY
Workforce
18,1 ETP
+27.5% YoY

What does FORCADO do?

FORCADO is a Private limited company incorporated in 2014. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Forest. It employs on average 18,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0550.873.787
Incorporation
24/04/2014
Legal form
Private limited company
Registered office
Rue Berthelot 106-108 box 8
1190 Forest · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
18,1 ETP
Activities (NACE)
56102Restaurants and mobile food service activities· main56112Restaurants and mobile food service activities56210Event catering activities56210Event catering activities47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores+4
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

20252024202320222021202020192018201720162015
Income statement
Gross margin646,2 k €667,5 k €751,8 k €706,3 k €536,3 k €406,9 k €366,7 k €286,2 k €248,9 k €206,5 k €148,5 k €
EBITDA90,2 k €177,8 k €300,2 k €261,3 k €76 k €53,3 k €70 k €58 k €44,8 k €56,1 k €34 k €
Operating result66 k €141,1 k €252,4 k €223,6 k €39,1 k €13 k €35,8 k €29 k €17,8 k €29,3 k €9 k €
Net result53,3 k €105,1 k €186,4 k €167,9 k €33 k €12,6 k €26,3 k €18,1 k €10,9 k €17,5 k €137 €
Balance sheet
Equity585,4 k €629,3 k €515,5 k €319,9 k €156,9 k €128,7 k €105,7 k €81,8 k €66,1 k €57,6 k €18,7 k €
Total assets862,1 k €960,4 k €871,3 k €582,3 k €550 k €423,2 k €459,7 k €351,4 k €274,3 k €251,4 k €207,9 k €
Cash338,1 k €537,7 k €515,9 k €312,3 k €261,2 k €174 k €191,8 k €193 k €109,6 k €39,3 k €8,7 k €
Debts276,8 k €327,6 k €354,7 k €259 k €384,7 k €290,5 k €349,2 k €264,1 k €201,9 k €186,8 k €189,2 k €
Other
Workforce18,1 ETP14,2 ETP11,1 ETP10,2 ETP12,0 ETP–––––2,0 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 31/12/2025 · 1 active · 8 ended

Active mandates

VASSAR

Director · since 31 octobre 2023 · 1000.768.893

Represented by Maxime PARAN

Active

Ended mandates

JBA MGMT

Manager · since 01 décembre 2017 · 0682.497.245

Represented by Joachim Miguel Braz de Oliveira

Ended
SNC LHE MGMT SNC

Manager · since 01 décembre 2017 · 0682.935.824

Represented by Louis Henon

Ended
JBA MGMT

Director · 0682.497.245

Represented by Joachim Miguel Braz de Oliveira

Ended
JBA MGMT

Manager · 0682.497.245

Represented by Joachim Miguel Braz de Oliveira

Ended
At this address

Other companies at this address

CompanyCBE no.
ASSURE● Active
0874.656.918
FORCADO UCCLE● Active
0713.753.318
IDKLIC● Active
0880.133.557
POP POT● Active
0711.776.102
SEASON IMMO● Active
0860.465.917
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date11/09/202629/07/202531/07/202410/08/202304/11/202221/09/2021
General meeting30/06/202630/06/202530/06/202412/06/202313/06/202214/06/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202611/09/2026FrenchPDF
Abridged model31/12/202430/06/202529/07/2025FrenchPDF
Abridged model31/12/202330/06/202431/07/2024FrenchPDF
Abridged model31/12/202212/06/202310/08/2023FrenchPDF
Abridged model31/12/202113/06/202204/11/2022FrenchPDF
Micro model31/12/202014/06/202121/09/2021FrenchPDF
Micro model31/12/201911/06/202025/09/2020FrenchPDF
Micro model31/12/201810/06/201929/08/2019FrenchPDF
Micro model31/12/201711/06/201821/08/2018FrenchPDF
Micro model31/12/201612/06/201729/08/2017FrenchPDF
Abridged model31/12/201513/06/201618/08/2016FrenchPDF
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 31/12/2025 · 1 active · 8 ended

Active mandates

VASSAR

Director · since 31 octobre 2023 · 1000.768.893

Represented by Maxime PARAN

Active

Ended mandates

JBA MGMT

Manager · since 01 décembre 2017 · 0682.497.245

Represented by Joachim Miguel Braz de Oliveira

Ended
SNC LHE MGMT SNC

Manager · since 01 décembre 2017 · 0682.935.824

Represented by Louis Henon

Ended
JBA MGMT

Director · 0682.497.245

Represented by Joachim Miguel Braz de Oliveira

Ended
JBA MGMT

Manager · 0682.497.245

Represented by Joachim Miguel Braz de Oliveira

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/12/2023
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/03/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/03/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office28/08/2015
    SIEGE SOCIAL
    PDF
  • Mandates28/08/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/05/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Other07/05/2014
    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

Timeline

  1. 2025
    Annual accounts 202553,3 k €↓
  2. 2024
    Annual accounts 2024105,1 k €↓
  3. 2023
    Annual accounts 2023186,4 k €↑
  4. 2022
    Annual accounts 2022167,9 k €↑
  5. 2021
    Annual accounts 202133 k €↑
  6. 2020
    Annual accounts 202012,6 k €↓
  7. 2019
    Annual accounts 201926,3 k €↑
  8. 2018
    Annual accounts 201818,1 k €↑
  9. 2017
    Annual accounts 201710,9 k €↓
  10. 2016
    Annual accounts 201617,5 k €↑
  11. 2015
    Annual accounts 2015137 €
  12. 24/04/2014
    IncorporationPrivate limited company