ACTIVE

4WINGS Foundation

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Financial year 2025 · closed on 31/12/2025

Net result

-1 M €

-743.8% YoY

Gross margin

-862,4 k €

-471.4% YoY

Equity

921,5 k €

-52.7% YoY

What does 4WINGS Foundation do?

4WINGS Foundation is a Public utility foundation incorporated in 2014. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0597.710.634

Incorporation

18/12/2014

Legal form

Public utility foundation

Registered office

Rue Vilain XIIII 19
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	-862,4 k €	-471%	232,2 k €	-40.5%	390,3 k €	+16.5%	335,1 k €	+147%	-714,3 k €	-9.0%	-655,2 k €	-1168%	61,4 k €	-87.4%	485,4 k €	-25.7%	653,2 k €	-37.9%	1,1 M €
EBITDA	-1 M €	-1916%	57,4 k €	-74.8%	227,8 k €	+16.5%	195,6 k €	+126%	-757,3 k €	-10.5%	-685,1 k €	-9310%	7,4 k €	-98.3%	430,1 k €	-29.7%	612 k €	-40.7%	1 M €
Operating result	-1 M €	-1989%	55,3 k €	-75.5%	225,9 k €	+15.7%	195,3 k €	+126%	-757,3 k €	-10.5%	-685,1 k €	-9310%	7,4 k €	-98.3%	430,1 k €	-29.7%	612 k €	-40.7%	1 M €
Net result	-1 M €	-744%	159,7 k €	-31.2%	231,9 k €	+19.5%	194,1 k €	+126%	-755,8 k €	-10.3%	-685,4 k €	-9503%	7,3 k €	-98.3%	429,9 k €	-29.7%	611,9 k €	-40.7%	1 M €
Balance sheet
Equity	921,5 k €	-52.7%	1,9 M €	+8.9%	1,8 M €	+14.9%	1,6 M €	+14.2%	1,4 M €	-35.7%	2,1 M €	-24.4%	2,8 M €	+0.3%	2,8 M €	+18.2%	2,4 M €	+34.8%	1,8 M €
Total assets	931,3 k €	-52.8%	2 M €	+9.4%	1,8 M €	+14.9%	1,6 M €	+14.1%	1,4 M €	-35.4%	2,1 M €	-24.5%	2,8 M €	+0.3%	2,8 M €	+18.4%	2,4 M €	+34.7%	1,8 M €
Cash	345,7 k €	-41.0%	586 k €	-49.9%	1,2 M €	+14.1%	1 M €	+13.9%	900,7 k €	-43.5%	1,6 M €	-11.5%	1,8 M €	-3.9%	1,9 M €	+19.6%	1,6 M €	+51.9%	1 M €
Debts	9,8 k €	-55.5%	22 k €	+88.7%	11,7 k €	+10.9%	10,5 k €	-6.5%	11,3 k €	+31.9%	8,5 k €	-33.0%	12,7 k €	+15.9%	11 k €	+159%	4,2 k €	-11.8%	4,8 k €
Other
Workforce	–		–		–		–		–		1,1 ETP	-38.9%	1,8 ETP	+12.5%	1,6 ETP	+23.1%	1,3 ETP	+62.5%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 34 ended

Active mandates

Arthur LHOIST

Director · since 22 juin 2023

Active

Dorian DORMAL

Director · since 22 juin 2023

Active

Kim LEBEAU

Director · since 29 septembre 2022 · until 29 septembre 2025

Active

Nicolas DE KUYSSCHE

Director · since 22 septembre 2022 · until 29 septembre 2025

Active

Christophe QUERTON

Chairman of the board of directors · since 11 juin 2020

Active

Etienne DENOEL

Director · since 29 novembre 2019

Active

Georges DE KERCHOVE

Director · since 29 novembre 2019

Active

Sophie VAN OUTRYVE D'YDEWALLE

Director · since 29 novembre 2017

Active

Ended mandates

Kim LEBEAU

Director · since 29 septembre 2022

Ended

Nicolas DE KUYSSCHE

Director · since 22 septembre 2022

Ended

Gabrielle UGHETTO

Director · since 11 juin 2020 · until 22 juin 2023

Ended

Gabrielle UGHETTO

Director · since 11 juin 2020

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged 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	30/03/2026	28/05/2025	25/07/2024	27/06/2023	28/06/2022	07/06/2021
General meeting	16/02/2026	25/02/2025	21/02/2024	16/02/2023	27/01/2022	31/03/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/02/2026	30/03/2026	French	PDF
Micro model	31/12/2024	25/02/2025	28/05/2025	French	PDF
Micro model	31/12/2023	21/02/2024	25/07/2024	French	PDF
Micro model	31/12/2022	16/02/2023	27/06/2023	French	PDF
Micro model	31/12/2021	27/01/2022	28/06/2022	French	PDF
Abridged model	31/12/2020	31/03/2021	07/06/2021	French	PDF
Abridged model	31/12/2019	31/03/2020	27/10/2020	French	PDF
Abridged model	31/12/2018	05/02/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	28/02/2018	27/04/2018	French	PDF
Abridged model	31/12/2016	27/04/2017	01/02/2018	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 8 active · 34 ended

Active mandates

Arthur LHOIST

Director · since 22 juin 2023

Active

Dorian DORMAL

Director · since 22 juin 2023

Active

Kim LEBEAU

Director · since 29 septembre 2022 · until 29 septembre 2025

Active

Nicolas DE KUYSSCHE

Director · since 22 septembre 2022 · until 29 septembre 2025

Active

Christophe QUERTON

Chairman of the board of directors · since 11 juin 2020

Active

Etienne DENOEL

Director · since 29 novembre 2019

Active

Georges DE KERCHOVE

Director · since 29 novembre 2019

Active

Sophie VAN OUTRYVE D'YDEWALLE

Director · since 29 novembre 2017

Active

Ended mandates

Kim LEBEAU

Director · since 29 septembre 2022

Ended

Nicolas DE KUYSSCHE

Director · since 22 septembre 2022

Ended

Gabrielle UGHETTO

Director · since 11 juin 2020 · until 22 juin 2023

Ended

Gabrielle UGHETTO

Director · since 11 juin 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/08/2021
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates24/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates18/05/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-1 M €↓
2024
Annual accounts 2024159,7 k €↓
2023
Annual accounts 2023231,9 k €↑
2022
Annual accounts 2022194,1 k €↑
2021
Annual accounts 2021-755,8 k €↓
2020
Annual accounts 2020-685,4 k €↓
2019
Annual accounts 20197,3 k €↓
2018
Annual accounts 2018429,9 k €↓
2017
Annual accounts 2017611,9 k €↓
2016
Annual accounts 20161 M €
18/12/2014
IncorporationPublic utility foundation

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

4WINGS Foundation

Overview

What does 4WINGS Foundation do?

Trend over 10 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