ACTIVE

forty9

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Financial year 2025 · closed on 31/12/2025

Net result

43,9 k €

-29.4% YoY

Gross margin

367,3 k €

+6.7% YoY

Equity

3,5 M €

+1.3% YoY

What does forty9 do?

forty9 is a Private company with limited liability incorporated in 2014. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0552.955.428

Incorporation

21/05/2014

Legal form

Private company with limited liability

Registered office

Broekstraat 12
9831 Sint-Martens-Latem · FlandreSee on map

Contributed capital

1 200 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	367,3 k €	+6.7%	344,3 k €	+34.4%	256,2 k €	-66.0%	753,2 k €	+141%	312,6 k €	+9.2%	286,4 k €	+8.1%	264,9 k €	+68.8%	157 k €	+236%	46,7 k €	+110%	22,2 k €	+463%	3,9 k €
EBITDA	349,2 k €	+7.6%	324,6 k €	+35.7%	239,1 k €	-67.5%	736,3 k €	+150%	294,6 k €	+8.5%	271,4 k €	+7.8%	251,8 k €	+57.1%	160,3 k €	+281%	42,1 k €	+112%	19,8 k €	+385%	-6,9 k €
Operating result	127,4 k €	-16.4%	152,4 k €	+58.3%	96,3 k €	-83.4%	581,2 k €	+622%	80,5 k €	+37.2%	58,6 k €	-17.2%	70,8 k €	+325%	-31,5 k €	+64.7%	-89,2 k €	-269%	-24,2 k €	-8.9%	-22,2 k €
Net result	43,9 k €	-29.4%	62,2 k €	+69.2%	36,8 k €	-90.8%	399,8 k €	+3070%	12,6 k €	+306%	3,1 k €	-92.2%	40 k €	+164%	-62,4 k €	+50.8%	-126,8 k €	-249%	-36,3 k €	+17.0%	-43,7 k €
Balance sheet
Equity	3,5 M €	+1.3%	3,5 M €	+1.8%	3,4 M €	+1.1%	3,4 M €	+13.3%	3 M €	+0.4%	3 M €	+0.1%	3 M €	+1.4%	2,9 M €	+197%	993,2 k €	+728%	120 k €	-23.2%	156,3 k €
Total assets	9,9 M €	-1.4%	10,1 M €	+13.4%	8,9 M €	-2.6%	9,1 M €	+1.0%	9,1 M €	-1.9%	9,2 M €	+11.2%	8,3 M €	+8.4%	7,7 M €	+36.6%	5,6 M €	+235%	1,7 M €	+37.4%	1,2 M €
Cash	38,6 k €	-21.1%	48,9 k €	-74.6%	192,3 k €	-64.8%	546,9 k €	+949%	52,1 k €	-34.0%	78,9 k €	+123%	35,4 k €	-69.7%	116,8 k €	+776%	13,3 k €	+276%	3,5 k €	+255%	997,7 €
Debts	6,3 M €	-3.1%	6,5 M €	+21.3%	5,3 M €	-5.0%	5,6 M €	-6.9%	6 M €	-3.0%	6,2 M €	+17.3%	5,3 M €	+12.5%	4,7 M €	+2.5%	4,6 M €	+195%	1,6 M €	+46.8%	1,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

EDELWEISS ANNO 2015

Director · since 21 mai 2014 · 0476.809.339

Represented by Dumarey Guillaume

Active

Emely CHRISTIAENS

Director · since 21 mai 2014

Active

Ended mandates

EDELWEISS ANNO 2015

Director · since 21 mai 2014 · 0476.809.339

Represented by Guillaume Dumarey

Ended

EDELWEISS ANNO 2015

Administrator - manager · since 21 mai 2014 · 0476.809.339

Ended

Emely Christiaens

Administrator - manager · since 21 mai 2014

Ended

NV EDELWEISS ANNO 2015

Director · since 21 mai 2014

Ended

At this address

Other companies at this address

Company	CBE no.
DUMPRO INTERNATIONAL● Active	0894.892.207
EDELWEISS ANNO 2015● Active	0476.809.339
PANIMEX● Active	0428.247.773

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	27/06/2026	27/06/2025	03/07/2024	16/06/2023	17/06/2022	16/06/2021
General meeting	08/06/2026	08/06/2025	08/06/2024	08/06/2023	08/06/2022	08/06/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	08/06/2026	27/06/2026	Dutch	PDF
Micro model	31/12/2024	08/06/2025	27/06/2025	Dutch	PDF
Micro model	31/12/2023	08/06/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	08/06/2023	16/06/2023	Dutch	PDF
Micro model	31/12/2021	08/06/2022	17/06/2022	Dutch	PDF
Micro model	31/12/2020	08/06/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	25/06/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	08/06/2016	19/07/2016	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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

EDELWEISS ANNO 2015

Director · since 21 mai 2014 · 0476.809.339

Represented by Dumarey Guillaume

Active

Emely CHRISTIAENS

Director · since 21 mai 2014

Active

Ended mandates

EDELWEISS ANNO 2015

Director · since 21 mai 2014 · 0476.809.339

Represented by Guillaume Dumarey

Ended

EDELWEISS ANNO 2015

Administrator - manager · since 21 mai 2014 · 0476.809.339

Ended

Emely Christiaens

Administrator - manager · since 21 mai 2014

Ended

NV EDELWEISS ANNO 2015

Director · since 21 mai 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring13/08/2018
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares15/12/2017
KAPITAAL - AANDELEN
PDF
Registered office28/08/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other10/06/2014
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202543,9 k €↓
2024
Annual accounts 202462,2 k €↑
2023
Annual accounts 202336,8 k €↓
2022
Annual accounts 2022399,8 k €↑
2021
Annual accounts 202112,6 k €↑
2020
Annual accounts 20203,1 k €↓
2019
Annual accounts 201940 k €↑
2018
Annual accounts 2018-62,4 k €↑
2017
Annual accounts 2017-126,8 k €↓
2016
Annual accounts 2016-36,3 k €↑
2015
Annual accounts 2015-43,7 k €
21/05/2014
IncorporationPrivate company with limited liability

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

forty9

Overview

What does forty9 do?

Trend over 11 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