ACTIVE

FORTY EIGHT

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Financial year 2025 · Closed on 31/12/2025

Net result193,1 k €+30,8 %over 1 year
Gross margin434 k €+38,0 %over 1 year
Equity667,8 k €+40,7 %over 1 year

Identity

Source · BCE/KBO

FORTY EIGHT is a Private limited company incorporated in 2015. Its main activity is: Public relations and communication activities. Its registered office is in Saint-Gilles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0627.709.071
Incorporation
30/03/2015
Legal form
Private limited company
Registered office
Rue Dejoncker 51 box 3
1060 Saint-Gilles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 11 filings

Trend over 11 financial years

20252024202320222021
Income statement
Gross margin434 k €314,6 k €293 k €426,5 k €179,1 k €
EBITDA432 k €306,6 k €286,1 k €418,2 k €178,8 k €
Operating result424,7 k €300,7 k €282,3 k €415,1 k €176,1 k €
Net result193,1 k €147,7 k €62,6 k €182,5 k €44,5 k €
Balance sheet
Equity667,8 k €474,7 k €327 k €264,4 k €104,4 k €
Total assets859,2 k €525,4 k €459,7 k €411,2 k €285,3 k €
Cash484,3 k €223,2 k €127,5 k €135,8 k €40,5 k €
Debts190,8 k €50,8 k €131,5 k €146,8 k €180,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Francesco GAZZOLETTI

Director

Active

Ended mandates

Francesco GAZZOLETTI

Manager · since 30 mars 2015

Ended
Francesco GAZZOLETTI

Manager

Ended

Other companies at this address

Rue Dejoncker 51 1060 Saint-Gilles
CompanyCBE no.
Caroline Heymans Law Office● Active
0777.819.145
KERIE● Active
0600.853.731
LOUISE CORNER OFFICE● Active
0542.927.212
MARIA FANOURAKIS● Active
0821.774.991
TUBE INVEST● Active
0891.952.612

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro 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 date27/08/202623/09/202512/07/202427/06/202304/07/202230/09/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202627/08/2026FrenchPDF
Micro model31/12/202410/06/202523/09/2025FrenchPDF
Micro model31/12/202311/06/202412/07/2024FrenchPDF
Micro model31/12/202213/06/202327/06/2023FrenchPDF
Micro model31/12/202114/06/202204/07/2022FrenchPDF
Micro model31/12/202008/06/202130/09/2021FrenchPDF
Micro model31/12/201909/06/202027/08/2020FrenchPDF
Micro model31/12/201811/06/201923/07/2019FrenchPDF
Micro model31/12/201712/06/201820/06/2018FrenchPDF
Micro model31/12/201613/06/201727/06/2017FrenchPDF
Abridged model31/12/201514/06/201630/08/2016FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Francesco GAZZOLETTI

Director

Active

Ended mandates

Francesco GAZZOLETTI

Manager · since 30 mars 2015

Ended
Francesco GAZZOLETTI

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other01/04/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

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 2025193,1 k €↑
  2. 2024
    Annual accounts 2024147,7 k €↑
  3. 2023
    Annual accounts 202362,6 k €↓
  4. 2022
    Annual accounts 2022182,5 k €↑
  5. 2021
    Annual accounts 202144,5 k €↑
  6. 2020
    Annual accounts 202017,6 k €↑
  7. 2019
    Annual accounts 2019-19,5 k €↓
  8. 2018
    Annual accounts 2018-17,2 k €↓
  9. 2017
    Annual accounts 201723,9 k €↑
  10. 2016
    Annual accounts 201617,2 k €↓
  11. 2015
    Annual accounts 201519,3 k €
  12. 30/03/2015
    IncorporationPrivate limited company