ACTIVE

FORTICON

Financial year 2025 · closed on 31/12/2025
Net result
197,4 k €
-38.1% YoY
Gross margin
1,2 M €
-0.2% YoY
Equity
300 k €
-33.3% YoY
Workforce
7,6 ETP
+13.4% YoY

What does FORTICON do?

FORTICON is a Private limited company incorporated in 2018. Its registered office is in Genk. It employs on average 7,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0712.973.160
Incorporation
08/11/2018
Legal form
Private limited company
Registered office
Weg naar As 248
3600 Genk · FlandreSee on map
Contributed capital
300 000,00 €
Latest accounts
31/12/2025
Average workforce
7,6 ETP
Joint committees (1)
  • 307
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212019
Income statement
Gross margin1,2 M €1,2 M €1,1 M €1,1 M €878,2 k €721,1 k €
EBITDA677,7 k €770,9 k €661,8 k €568,9 k €458,1 k €513,8 k €
Operating result227,3 k €347,4 k €242,5 k €166,8 k €53,1 k €121,5 k €
Net result197,4 k €319,1 k €214,4 k €130,9 k €13,2 k €77,3 k €
Balance sheet
Equity300 k €450 k €600 k €600,9 k €900,7 k €900,3 k €
Total assets1,5 M €1,9 M €2,2 M €2,6 M €2,9 M €3,5 M €
Cash14,3 k €106,1 k €122,7 k €236,5 k €157,5 k €43,9 k €
Debts1,2 M €1,5 M €1,6 M €2 M €2 M €2,6 M €
Other
Workforce7,6 ETP6,7 ETP7,5 ETP7,7 ETP8,1 ETP6,2 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 · 3 active · 5 ended

Active mandates

QUBILO

Director · since 01 juillet 2023 · 0802.124.573

Represented by Lore DRESSELAERS

Active
A Fortiori

Director · since 08 novembre 2018 · 0466.472.010

Represented by Luc VANBUEL

Active
Phalanx mgmt

Director · since 08 novembre 2018 · 0705.931.653

Represented by Bert Derhaeg

Active

Ended mandates

QUBILO

Director · since 01 juillet 2023 · 0802.124.573

Represented by Lore DRESSELAERS

Ended
A Fortiori

Director · since 08 novembre 2018 · 0466.472.010

Represented by Vanbuel Luc

Ended
Phalanx mgmt

Director · since 08 novembre 2018 · 0705.931.653

Represented by Bert DERHAEG

Ended
A Fortiori

Director · 0466.472.010

Represented by Luc Vanbuel

Ended
At this address

Other companies at this address

CompanyCBE no.
Groep ForticonActive
0715.897.414
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 date22/06/202617/06/202512/06/202423/05/202320/07/202227/07/2021
General meeting20/05/202621/05/202515/05/202417/05/202318/05/202209/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/05/202622/06/2026DutchPDF
Abridged model31/12/202421/05/202517/06/2025DutchPDF
Abridged model31/12/202315/05/202412/06/2024DutchPDF
Abridged model31/12/202217/05/202323/05/2023DutchPDF
Abridged model31/12/202118/05/202220/07/2022DutchPDF
Abridged model31/12/202009/06/202127/07/2021DutchPDF
Abridged model31/12/201910/06/202031/07/2020DutchPDF
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 · 3 active · 5 ended

Active mandates

QUBILO

Director · since 01 juillet 2023 · 0802.124.573

Represented by Lore DRESSELAERS

Active
A Fortiori

Director · since 08 novembre 2018 · 0466.472.010

Represented by Luc VANBUEL

Active
Phalanx mgmt

Director · since 08 novembre 2018 · 0705.931.653

Represented by Bert Derhaeg

Active

Ended mandates

QUBILO

Director · since 01 juillet 2023 · 0802.124.573

Represented by Lore DRESSELAERS

Ended
A Fortiori

Director · since 08 novembre 2018 · 0466.472.010

Represented by Vanbuel Luc

Ended
Phalanx mgmt

Director · since 08 novembre 2018 · 0705.931.653

Represented by Bert DERHAEG

Ended
A Fortiori

Director · 0466.472.010

Represented by Luc Vanbuel

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/11/2020
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/11/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025197,4 k €
  2. 2024
    Annual accounts 2024319,1 k €
  3. 2023
    Annual accounts 2023214,4 k €
  4. 2022
    Annual accounts 2022130,9 k €
  5. 2021
    Annual accounts 202113,2 k €
  6. 2019
    Annual accounts 201977,3 k €
  7. 08/11/2018
    IncorporationPrivate limited company