ACTIVE

The Fourth Law

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Financial year 2025 · closed on 31/12/2025
Net result
-107,1 k €
-9116.1% YoY
Gross margin
-104,7 k €
-707.3% YoY
Equity
7 M €
+5.3% YoY
Workforce
0,0 ETP

What does The Fourth Law do?

The Fourth Law is a Public limited company incorporated in 2016. Its main activity is: Activities of holding companies. Its registered office is in Leuven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0662.667.574
Incorporation
16/09/2016
Legal form
Public limited company
Registered office
Vaartdijk 3 box 1.02
3018 Leuven · FlandreSee on map
Contributed capital
7 118 247,84 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin-104,7 k €17,2 k €-72,6 k €35,3 k €25,7 k €4,9 k €21,2 k €-15 k €
EBITDA-104,7 k €16,3 k €-75 k €34,4 k €25,3 k €-998,7 €20,8 k €-15,9 k €
Operating result-104,7 k €16,3 k €-75 k €34,4 k €25,3 k €-998,7 €20,8 k €-15,9 k €
Net result-107,1 k €1,2 k €-100,6 k €18,6 k €11,5 k €1,1 k €21,4 k €-18,4 k €
Balance sheet
Equity7 M €6,6 M €6,6 M €6,2 M €6,2 M €6,2 M €6,2 M €-12,2 k €
Total assets7 M €7,4 M €7,4 M €6,8 M €6,9 M €6,7 M €6,6 M €375 k €
Cash14,7 k €81,5 k €2,5 k €169 k €34,5 k €264,1 k €690,1 k €833,5 €
Debts47,2 k €748,1 k €757,2 k €609,7 k €709 k €532,5 k €438,8 k €385,3 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 18 ended

Active mandates

NOSHAQ PARTNERS

Director · since 03 juillet 2025 · until 13 mai 2031 · 0808.219.836

Active
Dirk Beeusaert

Director · since 25 mars 2024 · until 09 mai 2028

Active
Bert Willaert

Director · since 26 janvier 2024 · until 25 janvier 2030

Active
Ruben Smits

Director · since 26 janvier 2024 · until 25 janvier 2030

Active
Participatiemaatschappij Vlaanderen

Director · since 13 septembre 2023 · until 09 mai 2028 · 0455.777.660

Active
VMF Luxembourg

Director · since 13 septembre 2023 · until 09 mai 2028 · 0632.709.125

Represented by Urbanus Vandeurzen

Active

Ended mandates

NOSHAQ PARTNERS

Director · since 12 juin 2025 · until 13 mai 2031 · 0808.219.836

Represented by Laurie MARIE PHILIPPE BÉNÉDICTE GARDIER

Ended
Participatiemaatschappij Vlaanderen

Director · since 25 mars 2024 · until 09 mai 2028 · 0455.777.660

Represented by Dany VANDEVELDE

Ended
Vmf Luxembourg

Director · since 25 mars 2024 · until 09 mai 2028

Represented by Urbanus VANDEURZEN

Ended
Intersumus

Director · since 26 janvier 2024 · until 25 janvier 2030 · 0773.490.074

Represented by De MEESTER JAN

Ended
At this address

Other companies at this address

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Absoluut Beheer● Active
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ABSOLUUT-SYLVESTER● Active
0675.360.619
Administratiekantoor Elsyca International● Active
1022.420.283
Administratiekantoor The Fourth Law● Active
0696.983.701
BW PROJECTS● Active
0890.179.787
DIMA● Active
0418.001.308
ELSYCA● Active
0460.049.026
ELSYCA HOLDING● Active
0666.546.980
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1005.899.304
FEAXE● Active
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HANDELEN IN LEUVEN● Active
0478.536.533
HEALTHCHARTER● Active
0809.112.731
HOMO SAPIENS SAPIENS● Active
0465.992.156
LAKE NIMBLE● Active
0701.750.458
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REMY COMMUNICATION● Active
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/12/202531/12/202431/12/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months21 months12 months12 months12 months
Filing date17/07/202611/08/202522/07/202403/10/202227/10/202128/09/2020
General meeting30/06/202630/06/202514/05/202413/09/202214/09/202108/09/2020
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202617/07/2026DutchPDF
Abridged model31/12/202430/06/202511/08/2025DutchPDF
Abridged model31/12/202314/05/202422/07/2024DutchPDF
Abridged model31/03/202213/09/202203/10/2022DutchPDF
Abridged model31/03/202114/09/202127/10/2021DutchPDF
Abridged model31/03/202008/09/202028/09/2020DutchPDF
Abridged model31/03/201927/09/201922/10/2019DutchPDF
Abridged model31/03/201828/09/201826/10/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 6 active · 18 ended

Active mandates

NOSHAQ PARTNERS

Director · since 03 juillet 2025 · until 13 mai 2031 · 0808.219.836

Active
Dirk Beeusaert

Director · since 25 mars 2024 · until 09 mai 2028

Active
Bert Willaert

Director · since 26 janvier 2024 · until 25 janvier 2030

Active
Ruben Smits

Director · since 26 janvier 2024 · until 25 janvier 2030

Active
Participatiemaatschappij Vlaanderen

Director · since 13 septembre 2023 · until 09 mai 2028 · 0455.777.660

Active
VMF Luxembourg

Director · since 13 septembre 2023 · until 09 mai 2028 · 0632.709.125

Represented by Urbanus Vandeurzen

Active

Ended mandates

NOSHAQ PARTNERS

Director · since 12 juin 2025 · until 13 mai 2031 · 0808.219.836

Represented by Laurie MARIE PHILIPPE BÉNÉDICTE GARDIER

Ended
Participatiemaatschappij Vlaanderen

Director · since 25 mars 2024 · until 09 mai 2028 · 0455.777.660

Represented by Dany VANDEVELDE

Ended
Vmf Luxembourg

Director · since 25 mars 2024 · until 09 mai 2028

Represented by Urbanus VANDEURZEN

Ended
Intersumus

Director · since 26 janvier 2024 · until 25 janvier 2030 · 0773.490.074

Represented by De MEESTER JAN

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office02/04/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring26/06/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/03/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates30/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/04/2023
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Capital / shares26/10/2022
    KAPITAAL - AANDELEN
    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 2025-107,1 k €↓
  2. 2024
    Annual accounts 20241,2 k €↑
  3. 2023
    Annual accounts 2023-100,6 k €↓
  4. 2022
    Annual accounts 202218,6 k €↑
  5. 2021
    Annual accounts 202111,5 k €↑
  6. 2020
    Annual accounts 20201,1 k €↓
  7. 2019
    Annual accounts 201921,4 k €↑
  8. 2018
    Annual accounts 2018-18,4 k €
  9. 16/09/2016
    IncorporationPublic limited company