NORMAL SITUATION

FORCES

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Financial year 2021 · closed on 31/12/2021
Net result
62,8 k €
-21.7% YoY
Gross margin
626 k €
-5.5% YoY
Equity
296,9 k €
+131.8% YoY
Workforce
8,9 ETP
-6.3% YoY

Company — Normal situation.

What does FORCES do?

FORCES is a company registered in Belgium. It employs on average 8,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0653.974.988
Legal form
Private company with limited liability
Contributed capital
18 550,00 €
Latest accounts
31/12/2021
Average workforce
8,9 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20212019201820172016
Income statement
Gross margin626 k €662,2 k €599,4 k €340,3 k €184,3 k €
EBITDA103,9 k €132,1 k €27 k €37,3 k €156 k €
Operating result93,1 k €124,4 k €22,9 k €35,1 k €151 k €
Net result62,8 k €80,2 k €10,2 k €20,7 k €98,5 k €
Balance sheet
Equity296,9 k €128,1 k €47,9 k €37,7 k €117 k €
Total assets474,4 k €319,6 k €364,2 k €209 k €203,7 k €
Cash326,6 k €196,1 k €113,5 k €28,6 k €16,1 k €
Debts177,5 k €129 k €252,7 k €171,3 k €86,7 k €
Other
Workforce8,9 ETP9,5 ETP9,9 ETP5,4 ETP0,6 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 3 ended

Active mandates

Elodie Seys

Director · since 19 juin 2020

Active

Ended mandates

Julie Verscheure

Director · since 18 avril 2016 · until 19 juin 2020

Ended
Julie Verscheure

Manager · since 18 avril 2016

Ended
Julie Verscheure

Manager

Ended
Annual accounts

Full financial information

202220212020201920182017
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202201/01/202101/01/202001/01/201901/01/201801/01/2017
Closing of the financial year30/06/202231/12/202131/12/202031/12/201931/12/201831/12/2017
Length of the financial year6 months12 months12 months12 months12 months12 months
Filing date16/11/202201/07/202208/07/202103/07/202019/07/201929/06/2018
General meeting04/11/202217/06/202221/06/202119/06/202021/06/201915/06/2018
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202204/11/202216/11/2022DutchPDF
Abridged model31/12/202117/06/202201/07/2022DutchPDF
Abridged model31/12/202021/06/202108/07/2021DutchPDF
Abridged model31/12/201919/06/202003/07/2020DutchPDF
Abridged model31/12/201821/06/201919/07/2019DutchPDF
Abridged model31/12/201715/06/201829/06/2018DutchPDF
Abridged model31/12/201616/06/201730/06/2017DutchPDF
Estimate

Indicative valuation

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 31/12/2021 · 1 active · 3 ended

Active mandates

Elodie Seys

Director · since 19 juin 2020

Active

Ended mandates

Julie Verscheure

Director · since 18 avril 2016 · until 19 juin 2020

Ended
Julie Verscheure

Manager · since 18 avril 2016

Ended
Julie Verscheure

Manager

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2021
    Annual accounts 202162,8 k €↓
  2. 2019
    Annual accounts 201980,2 k €↑
  3. 2018
    Annual accounts 201810,2 k €↓
  4. 2017
    Annual accounts 201720,7 k €↓
  5. 2017
    Name changeForces
  6. 2016
    Annual accounts 201698,5 k €
  7. 2016
    Name changeADD SUPPORT