ACTIVE

FORWARD Services

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Financial year 2025 · closed on 31/12/2025
Net result
596,8 k €
+30.7% YoY
Revenue
8,8 M €
-6.7% YoY
Equity
1,7 M €
+20.0% YoY
Workforce
37,0 ETP
-14.5% YoY

What does FORWARD Services do?

FORWARD Services is a Public limited company incorporated in 2017. Its main activity is: Computer consultancy activities. Its registered office is in Hasselt. It employs on average 37,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0673.543.848
Incorporation
27/03/2017
Legal form
Public limited company
Registered office
Kempische steenweg 311 box 5.01
3500 Hasselt · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
37,0 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Joint committees (2)
  • 200
  • 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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
Revenue8,8 M €9,4 M €8,8 M €10,9 M €8,3 M €4,8 M €3,4 M €2,6 M €
EBITDA779,8 k €713 k €-12,9 k €804,4 k €1,2 M €179,6 k €625,8 k €277,7 k €
Operating result797,9 k €644,9 k €-47 k €773 k €1,1 M €144,4 k €613 k €272,4 k €
Net result596,8 k €456,6 k €-84,2 k €520,4 k €808,1 k €78,1 k €398,6 k €177,8 k €
Balance sheet
Equity1,7 M €1,4 M €1,2 M €1,3 M €1,4 M €692,5 k €638,4 k €239,8 k €
Total assets3,3 M €3,1 M €2,4 M €3,2 M €2,7 M €2 M €1,3 M €785,4 k €
Cash20,3 k €40,4 k €81,6 k €74,9 k €33,9 k €126,5 k €18,5 k €21,5 k €
Debts1,6 M €1,7 M €1,2 M €1,9 M €1,3 M €1,3 M €704,3 k €545,6 k €
Other
Workforce37,0 ETP43,3 ETP51,9 ETP51,2 ETP40,0 ETP31,3 ETP18,6 ETP4,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

De Cronos Groep

Director · since 28 juillet 2022 · until 21 juin 2028 · 0467.132.994

Represented by Dirk Deroost

Active
Josephus de Wit

Director · since 28 juillet 2022 · until 21 juin 2028

Active
XGD

Director · since 28 juillet 2022 · until 21 juin 2028 · 0557.979.137

Represented by Paul Claes

Active
Xplore Group Commerce

Director · since 28 juillet 2022 · until 21 juin 2028 · 0635.475.011

Represented by Tim Goffings

Active

Ended mandates

Xplore Group Commerce

Director · since 01 août 2020 · until 15 juin 2022 · 0635.475.011

Represented by Tim Goffings

Ended
Xplore Group Commerce

Director · since 01 août 2020 · until 27 juillet 2022 · 0635.475.011

Represented by Tim Goffings

Ended
De Cronos Groep

Director · since 22 mars 2017 · until 15 juin 2022 · 0467.132.994

Represented by Dirk Deroost

Ended
De Cronos Groep

Director · since 22 mars 2017 · until 27 juillet 2022 · 0467.132.994

Represented by Dirk Deroost

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 date24/08/202622/08/202523/07/202414/08/202323/08/202206/08/2021
General meeting29/07/202617/07/202519/06/202430/06/202327/07/202216/06/2021
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 model31/12/202529/07/202624/08/2026DutchPDF
Abridged model31/12/202417/07/202522/08/2025DutchPDF
Abridged model31/12/202319/06/202423/07/2024DutchPDF
Abridged model31/12/202230/06/202314/08/2023DutchPDF
Abridged model31/12/202127/07/202223/08/2022DutchPDF
Abridged model31/12/202016/06/202106/08/2021DutchPDF
Abridged model31/12/201917/06/202009/07/2020DutchPDF
Abridged model31/12/201819/06/201924/06/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

De Cronos Groep

Director · since 28 juillet 2022 · until 21 juin 2028 · 0467.132.994

Represented by Dirk Deroost

Active
Josephus de Wit

Director · since 28 juillet 2022 · until 21 juin 2028

Active
XGD

Director · since 28 juillet 2022 · until 21 juin 2028 · 0557.979.137

Represented by Paul Claes

Active
Xplore Group Commerce

Director · since 28 juillet 2022 · until 21 juin 2028 · 0635.475.011

Represented by Tim Goffings

Active

Ended mandates

Xplore Group Commerce

Director · since 01 août 2020 · until 15 juin 2022 · 0635.475.011

Represented by Tim Goffings

Ended
Xplore Group Commerce

Director · since 01 août 2020 · until 27 juillet 2022 · 0635.475.011

Represented by Tim Goffings

Ended
De Cronos Groep

Director · since 22 mars 2017 · until 15 juin 2022 · 0467.132.994

Represented by Dirk Deroost

Ended
De Cronos Groep

Director · since 22 mars 2017 · until 27 juillet 2022 · 0467.132.994

Represented by Dirk Deroost

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/03/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/08/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/02/2019
    BENAMING
    PDF
  • Mandates31/01/2018
    ONTSLAGEN - BENOEMINGEN
    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 2025596,8 k €↑
  2. 2024
    Annual accounts 2024456,6 k €↑
  3. 2023
    Annual accounts 2023-84,2 k €↓
  4. 2022
    Annual accounts 2022520,4 k €↓
  5. 2021
    Annual accounts 2021808,1 k €↑
  6. 2020
    Annual accounts 202078,1 k €↓
  7. 2019
    Annual accounts 2019398,6 k €↑
  8. 2018
    Annual accounts 2018177,8 k €
  9. 27/03/2017
    IncorporationPublic limited company